Can I retire at age 63 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$62,925$62,365$61,818$61,284$60,763$58,724
2 years$31,151$30,571$30,009$29,464$28,935$26,901
3 years$20,561$19,978$19,418$18,878$18,357$16,392
4 years$15,267$14,686$14,131$13,600$13,093$11,211
5 years$12,092$11,514$10,966$10,446$9,953$8,160
6 years$9,975$9,402$8,862$8,354$7,875$6,173
7 years$8,464$7,896$7,365$6,868$6,405$4,792
8 years$7,331$6,768$6,246$5,762$5,313$3,789
9 years$6,451$5,893$5,380$4,908$4,475$3,037
10 years$5,747$5,194$4,690$4,230$3,813$2,460
11 years$5,171$4,624$4,129$3,682$3,279$2,008
12 years$4,692$4,151$3,664$3,229$2,841$1,650
13 years$4,286$3,751$3,274$2,851$2,478$1,362
14 years$3,939$3,409$2,942$2,531$2,172$1,129
15 years$3,639$3,115$2,656$2,257$1,912$939
16 years$3,376$2,858$2,408$2,021$1,690$784
17 years$3,144$2,632$2,191$1,816$1,499$655
18 years$2,939$2,432$2,000$1,636$1,333$548
19 years$2,755$2,254$1,831$1,479$1,188$460
20 years$2,590$2,094$1,680$1,339$1,061$386
21 years$2,441$1,951$1,546$1,215$949$325
22 years$2,305$1,821$1,425$1,105$851$273
23 years$2,181$1,703$1,315$1,006$764$230
24 years$2,068$1,596$1,217$918$687$194
25 years$1,965$1,497$1,127$838$618$163
26 years$1,869$1,407$1,045$766$557$138
27 years$1,780$1,325$970$702$502$116
28 years$1,698$1,248$902$643$453$98
29 years$1,622$1,177$839$589$409$83
30 years$1,551$1,112$782$541$369$70
31 years$1,485$1,051$729$497$334$59
32 years$1,423$995$680$457$302$50
33 years$1,365$942$635$420$273$42
34 years$1,310$893$593$386$248$36
35 years$1,259$847$555$356$224$30
36 years$1,210$804$519$328$203$25
37 years$1,165$763$486$302$184$21
38 years$1,121$725$455$278$167$18
39 years$1,080$690$426$256$151$15
40 years$1,042$656$399$237$137$13
41 years$1,005$625$375$218$125$11
42 years$970$595$351$201$113$9
43 years$937$567$330$186$103$8
44 years$905$540$309$172$93$7
45 years$875$515$291$159$85$6
46 years$847$492$273$146$77$5
47 years$819$469$256$135$70$4
48 years$793$448$241$125$63$3
49 years$768$428$226$116$57$3
50 years$744$409$213$107$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $762,000, adding $2,759 every year, while hoping to spend $32,273 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: 79/5/16 Blend
62$762,000$762,000$762,000$762,000
63$842,570$802,184$790,373$906,044
64$894,174$807,153$782,512$953,216
65$949,960$811,283$773,306$1,000,572
66$1,010,320$814,501$762,677$1,051,630
67$1,075,686$816,725$750,540$1,106,748
68$1,146,533$817,871$736,809$1,166,320
69$1,223,381$817,848$721,394$1,230,781
70$1,306,804$816,561$704,200$1,300,609
71$1,397,434$813,909$685,126$1,376,331
72$1,495,965$809,782$664,070$1,458,530
73$1,603,159$804,067$640,922$1,547,847
74$1,719,857$796,643$615,569$1,644,986
75$1,846,983$787,379$587,891$1,750,727
76$1,985,555$776,140$557,765$1,865,928
77$2,136,691$762,781$525,060$1,991,535
78$2,301,625$747,149$489,641$2,128,589
79$2,481,712$729,080$451,366$2,278,240
80$2,678,446$708,404$410,086$2,441,755
81$2,893,470$684,939$365,646$2,620,528
82$3,128,594$658,491$317,885$2,816,099
83$3,385,811$628,856$266,634$3,030,164
84$3,667,313$595,820$211,716$3,264,593
85$3,975,517$559,154$152,947$3,521,446
86$4,313,084$518,616$90,135$3,802,996
87$4,682,943$473,952$23,078$4,111,745
88$5,088,319$424,892$0$4,450,455
89$5,532,767$371,152$0$4,830,444
90$6,020,200$312,429$0$5,251,533
91$6,554,929$248,406$0$5,713,513
92$7,141,701$178,747$0$6,220,499
93$7,785,746$103,098$0$6,777,026
94$8,492,825$21,082$0$7,388,088
95$9,269,283$0$0$8,059,190
96$10,122,111$0$0$8,800,118
97$11,059,010$0$0$9,615,386
98$12,088,462$0$0$10,511,217
99$13,219,813$0$0$11,495,746
100$14,463,359$0$0$12,577,939