Can I retire at age 63 with 778,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$64,247$63,674$63,116$62,571$62,039$61,061
2 years$31,805$31,213$30,639$30,082$29,542$28,560
3 years$20,993$20,398$19,825$19,274$18,743$17,786
4 years$15,588$14,995$14,428$13,886$13,368$12,444
5 years$12,346$11,756$11,197$10,666$10,162$9,274
6 years$10,185$9,600$9,048$8,529$8,041$7,190
7 years$8,642$8,062$7,519$7,012$6,539$5,726
8 years$7,485$6,910$6,377$5,883$5,425$4,648
9 years$6,586$6,017$5,492$5,011$4,569$3,829
10 years$5,867$5,303$4,788$4,319$3,893$3,189
11 years$5,280$4,721$4,216$3,759$3,348$2,679
12 years$4,790$4,238$3,741$3,297$2,901$2,267
13 years$4,376$3,830$3,343$2,911$2,530$1,929
14 years$4,022$3,481$3,003$2,584$2,218$1,649
15 years$3,715$3,180$2,712$2,304$1,953$1,416
16 years$3,447$2,918$2,458$2,063$1,726$1,219
17 years$3,210$2,687$2,237$1,854$1,530$1,053
18 years$3,000$2,483$2,042$1,671$1,361$911
19 years$2,813$2,301$1,870$1,510$1,213$790
20 years$2,644$2,138$1,716$1,367$1,083$687
21 years$2,492$1,992$1,578$1,241$969$598
22 years$2,353$1,859$1,455$1,128$869$521
23 years$2,227$1,739$1,343$1,028$780$454
24 years$2,112$1,629$1,242$937$701$396
25 years$2,006$1,529$1,150$856$631$346
26 years$1,908$1,437$1,067$783$568$303
27 years$1,818$1,352$991$716$512$265
28 years$1,734$1,274$921$656$462$232
29 years$1,656$1,202$857$602$417$203
30 years$1,584$1,135$798$552$377$178
31 years$1,516$1,073$744$507$341$156
32 years$1,453$1,016$694$466$308$137
33 years$1,393$962$648$429$279$120
34 years$1,338$911$606$394$253$105
35 years$1,285$865$566$363$229$92
36 years$1,236$821$530$334$207$81
37 years$1,189$779$496$308$188$71
38 years$1,145$741$464$284$170$62
39 years$1,103$704$435$262$155$55
40 years$1,064$670$408$242$140$48
41 years$1,026$638$382$223$127$42
42 years$991$607$359$206$115$37
43 years$957$579$337$190$105$33
44 years$924$552$316$175$95$29
45 years$894$526$297$162$86$25
46 years$864$502$279$150$78$22
47 years$836$479$262$138$71$19
48 years$810$457$246$128$65$17
49 years$784$437$231$118$59$15
50 years$760$417$217$109$53$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $778,000, adding $2,753 every year, while hoping to spend $35,125 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 46/27/27 Blend
62$778,000$778,000$778,000$778,000
63$860,196$818,962$806,903$892,971
64$910,563$821,718$796,561$919,180
65$964,890$823,432$784,696$943,976
66$1,023,545$824,016$771,219$970,198
67$1,086,930$823,376$756,038$997,998
68$1,155,488$821,413$739,056$1,027,546
69$1,229,706$818,020$720,173$1,059,031
70$1,310,119$813,087$699,283$1,092,663
71$1,397,317$806,494$676,274$1,128,675
72$1,491,946$798,115$651,032$1,167,329
73$1,594,719$787,817$623,436$1,208,914
74$1,706,418$775,458$593,359$1,253,751
75$1,827,906$760,888$560,669$1,302,198
76$1,960,129$743,948$525,229$1,354,651
77$2,104,131$724,470$486,892$1,411,553
78$2,261,059$702,276$445,510$1,473,391
79$2,432,177$677,177$400,924$1,540,710
80$2,618,874$648,974$352,970$1,614,110
81$2,822,680$617,455$301,476$1,694,261
82$3,045,280$582,397$246,262$1,781,903
83$3,288,528$543,564$187,142$1,877,857
84$3,554,465$500,706$123,918$1,983,032
85$3,845,339$453,559$56,388$2,098,435
86$4,163,624$401,843$0$2,225,184
87$4,512,045$345,265$0$2,369,030
88$4,893,602$283,511$0$2,544,454
89$5,311,600$216,254$0$2,736,777
90$5,769,677$143,145$0$2,947,742
91$6,271,842$63,817$0$3,179,278
92$6,822,508$0$0$3,433,511
93$7,426,536$0$0$3,719,361
94$8,089,281$0$0$4,053,893
95$8,816,641$0$0$4,421,135
96$9,615,113$0$0$4,824,378
97$10,491,853$0$0$5,267,249
98$11,454,745$0$0$5,753,743
99$12,512,472$0$0$6,288,260
100$13,674,601$0$0$6,875,648