Can I retire at age 63 with 763,000?

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 $763,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$63,008$62,447$61,899$61,365$60,843$60,409
2 years$31,192$30,611$30,048$29,502$28,973$28,535
3 years$20,588$20,005$19,443$18,902$18,381$17,954
4 years$15,287$14,706$14,150$13,618$13,110$12,695
5 years$12,107$11,529$10,981$10,460$9,966$9,566
6 years$9,988$9,415$8,874$8,365$7,886$7,500
7 years$8,475$7,906$7,374$6,877$6,413$6,043
8 years$7,341$6,777$6,254$5,769$5,320$4,965
9 years$6,459$5,901$5,387$4,914$4,480$4,141
10 years$5,754$5,201$4,696$4,236$3,818$3,493
11 years$5,178$4,630$4,134$3,687$3,283$2,973
12 years$4,698$4,156$3,669$3,234$2,845$2,549
13 years$4,292$3,756$3,278$2,855$2,481$2,199
14 years$3,944$3,414$2,945$2,534$2,175$1,907
15 years$3,643$3,119$2,659$2,260$1,915$1,660
16 years$3,380$2,861$2,411$2,024$1,692$1,450
17 years$3,148$2,635$2,194$1,818$1,501$1,271
18 years$2,943$2,435$2,003$1,639$1,334$1,117
19 years$2,759$2,257$1,834$1,481$1,189$984
20 years$2,593$2,097$1,683$1,341$1,062$868
21 years$2,444$1,953$1,548$1,217$951$767
22 years$2,308$1,823$1,426$1,107$852$679
23 years$2,184$1,705$1,317$1,008$765$602
24 years$2,071$1,598$1,218$919$688$534
25 years$1,967$1,499$1,128$839$619$474
26 years$1,871$1,409$1,046$767$557$422
27 years$1,783$1,326$972$703$502$375
28 years$1,701$1,250$903$644$453$334
29 years$1,624$1,179$841$590$409$298
30 years$1,553$1,113$783$542$370$265
31 years$1,487$1,053$730$497$334$237
32 years$1,425$996$681$457$302$211
33 years$1,366$943$636$420$274$188
34 years$1,312$894$594$387$248$168
35 years$1,260$848$555$356$224$150
36 years$1,212$805$520$328$203$134
37 years$1,166$764$486$302$184$120
38 years$1,123$726$455$279$167$107
39 years$1,082$691$427$257$152$96
40 years$1,043$657$400$237$137$86
41 years$1,006$626$375$219$125$77
42 years$971$596$352$202$113$68
43 years$938$568$330$186$103$61
44 years$907$541$310$172$93$55
45 years$876$516$291$159$85$49
46 years$848$492$273$147$77$44
47 years$820$470$257$135$70$39
48 years$794$448$241$125$63$35
49 years$769$428$227$116$58$31
50 years$745$409$213$107$52$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $763,000, adding $2,778 every year, while hoping to spend $38,099 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: 80/12/8 Blend
62$763,000$763,000$763,000$763,000
63$843,692$803,253$791,426$910,089
64$889,211$802,075$777,402$952,824
65$938,097$799,563$761,631$994,416
66$990,651$795,610$744,014$1,038,913
67$1,047,208$790,105$724,449$1,086,586
68$1,108,132$782,929$702,827$1,137,732
69$1,173,825$773,956$679,035$1,192,680
70$1,244,727$763,052$652,955$1,251,793
71$1,321,323$750,076$624,463$1,315,470
72$1,404,146$734,877$593,430$1,384,150
73$1,493,780$717,297$559,721$1,458,319
74$1,590,868$697,168$523,194$1,538,511
75$1,696,119$674,311$483,703$1,625,314
76$1,810,309$648,537$441,093$1,719,378
77$1,934,293$619,649$395,203$1,821,419
78$2,069,013$587,434$345,864$1,932,226
79$2,215,503$551,669$292,901$2,052,669
80$2,374,902$512,118$236,131$2,183,706
81$2,548,463$468,532$175,362$2,326,394
82$2,737,562$420,647$110,393$2,481,901
83$2,943,719$368,184$41,017$2,651,509
84$3,168,602$310,848$0$2,836,638
85$3,414,048$248,329$0$3,041,666
86$3,682,081$180,297$0$3,269,418
87$3,974,927$106,405$0$3,518,309
88$4,295,037$26,286$0$3,790,452
89$4,645,110$0$0$4,088,179
90$5,028,119$0$0$4,422,040
91$5,447,334$0$0$4,791,281
92$5,906,359$0$0$5,195,608
93$6,409,162$0$0$5,638,519
94$6,960,111$0$0$6,123,864
95$7,564,020$0$0$6,655,887
96$8,226,188$0$0$7,239,259
97$8,952,452$0$0$7,879,125
98$9,749,242$0$0$8,581,154
99$10,623,638$0$0$9,351,588
100$11,583,443$0$0$10,197,304