Can I retire at age 63 with 779,000?

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 $779,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$64,329$63,756$63,197$62,651$62,119$60,864
2 years$31,846$31,253$30,678$30,121$29,580$28,322
3 years$21,020$20,424$19,851$19,299$18,767$17,544
4 years$15,608$15,014$14,446$13,904$13,385$12,207
5 years$12,361$11,771$11,211$10,679$10,175$9,045
6 years$10,198$9,612$9,060$8,540$8,051$6,971
7 years$8,653$8,072$7,529$7,021$6,548$5,517
8 years$7,495$6,919$6,385$5,890$5,432$4,450
9 years$6,595$6,025$5,500$5,017$4,574$3,641
10 years$5,875$5,310$4,795$4,325$3,898$3,012
11 years$5,286$4,727$4,221$3,764$3,352$2,513
12 years$4,796$4,243$3,746$3,301$2,905$2,112
13 years$4,382$3,835$3,347$2,915$2,533$1,784
14 years$4,027$3,485$3,007$2,587$2,221$1,514
15 years$3,720$3,184$2,715$2,307$1,955$1,290
16 years$3,451$2,921$2,462$2,066$1,728$1,102
17 years$3,215$2,690$2,240$1,856$1,532$944
18 years$3,004$2,486$2,045$1,673$1,362$811
19 years$2,816$2,304$1,872$1,512$1,214$698
20 years$2,648$2,141$1,718$1,369$1,085$601
21 years$2,495$1,994$1,580$1,243$971$519
22 years$2,356$1,862$1,456$1,130$870$448
23 years$2,230$1,741$1,345$1,029$781$388
24 years$2,115$1,631$1,244$938$702$335
25 years$2,008$1,531$1,152$857$632$291
26 years$1,911$1,439$1,068$784$569$252
27 years$1,820$1,354$992$717$513$218
28 years$1,736$1,276$922$657$463$189
29 years$1,658$1,204$858$603$418$164
30 years$1,586$1,137$799$553$378$143
31 years$1,518$1,075$745$508$341$124
32 years$1,455$1,017$695$467$309$108
33 years$1,395$963$649$429$279$94
34 years$1,339$913$607$395$253$81
35 years$1,287$866$567$364$229$71
36 years$1,237$822$531$335$208$62
37 years$1,191$780$497$309$188$53
38 years$1,146$742$465$284$171$47
39 years$1,105$705$436$262$155$40
40 years$1,065$671$408$242$140$35
41 years$1,027$639$383$223$127$31
42 years$992$608$359$206$116$27
43 years$958$580$337$190$105$23
44 years$926$552$316$176$95$20
45 years$895$527$297$162$86$18
46 years$865$503$279$150$78$15
47 years$837$480$262$138$71$13
48 years$811$458$246$128$65$12
49 years$785$437$232$118$59$10
50 years$761$418$218$109$53$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $779,000, adding $5,227 every year, while hoping to spend $21,832 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: 44/41/15 Blend
62$779,000$779,000$779,000$779,000
63$863,850$822,563$810,488$897,908
64$928,733$839,639$814,410$939,324
65$999,503$856,821$817,732$981,595
66$1,076,737$874,089$820,411$1,026,939
67$1,161,070$891,426$822,401$1,075,650
68$1,253,202$908,808$823,654$1,128,050
69$1,353,903$926,214$824,121$1,184,494
70$1,464,021$943,619$823,749$1,245,376
71$1,584,490$960,995$822,483$1,311,127
72$1,716,338$978,313$820,266$1,382,226
73$1,860,696$995,542$817,036$1,459,197
74$2,018,811$1,012,648$812,731$1,542,622
75$2,192,057$1,029,595$807,285$1,633,139
76$2,381,944$1,046,342$800,626$1,731,454
77$2,590,138$1,062,849$792,683$1,838,346
78$2,818,473$1,079,069$783,379$1,954,671
79$3,068,968$1,094,955$772,633$2,081,377
80$3,343,849$1,110,454$760,362$2,219,506
81$3,645,566$1,125,510$746,478$2,370,210
82$3,976,818$1,140,064$730,890$2,534,757
83$4,340,579$1,154,053$713,500$2,714,548
84$4,740,125$1,167,409$694,209$2,911,126
85$5,179,064$1,180,058$672,911$3,126,192
86$5,661,371$1,191,923$649,497$3,361,625
87$6,191,425$1,202,922$623,850$3,619,494
88$6,774,053$1,212,967$595,850$3,902,082
89$7,414,567$1,221,964$565,373$4,211,907
90$8,118,826$1,229,813$532,285$4,551,746
91$8,893,280$1,236,408$496,451$4,924,659
92$9,745,038$1,241,635$457,725$5,334,022
93$10,681,931$1,245,374$415,958$5,783,559
94$11,712,589$1,247,499$370,994$6,277,373
95$12,846,518$1,247,872$322,668$6,819,991
96$14,094,195$1,246,349$270,809$7,416,404
97$15,467,161$1,242,778$215,239$8,072,115
98$16,978,133$1,236,996$155,771$8,793,192
99$18,641,123$1,228,829$92,210$9,586,324
100$20,471,572$1,218,097$24,354$10,458,889