Can I retire at age 63 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$63,256$62,692$62,142$61,606$61,082$59,269
2 years$31,315$30,731$30,166$29,618$29,087$27,275
3 years$20,669$20,083$19,520$18,977$18,454$16,701
4 years$15,347$14,763$14,205$13,672$13,161$11,480
5 years$12,155$11,575$11,024$10,501$10,005$8,400
6 years$10,028$9,452$8,909$8,398$7,917$6,389
7 years$8,509$7,937$7,403$6,904$6,438$4,988
8 years$7,370$6,804$6,279$5,792$5,341$3,968
9 years$6,485$5,924$5,408$4,933$4,498$3,200
10 years$5,777$5,222$4,715$4,253$3,833$2,608
11 years$5,198$4,649$4,151$3,701$3,296$2,143
12 years$4,716$4,172$3,684$3,246$2,856$1,772
13 years$4,309$3,771$3,291$2,866$2,491$1,473
14 years$3,960$3,427$2,957$2,544$2,183$1,230
15 years$3,658$3,131$2,670$2,269$1,922$1,030
16 years$3,394$2,873$2,421$2,032$1,699$866
17 years$3,161$2,646$2,203$1,825$1,507$729
18 years$2,954$2,445$2,011$1,645$1,340$615
19 years$2,769$2,266$1,841$1,486$1,194$520
20 years$2,603$2,105$1,689$1,346$1,066$440
21 years$2,453$1,961$1,554$1,222$954$372
22 years$2,317$1,831$1,432$1,111$855$316
23 years$2,193$1,712$1,322$1,012$768$268
24 years$2,079$1,604$1,223$923$690$228
25 years$1,975$1,505$1,133$843$621$193
26 years$1,879$1,415$1,050$771$559$164
27 years$1,790$1,331$975$705$504$140
28 years$1,707$1,255$907$646$455$119
29 years$1,631$1,184$844$593$411$101
30 years$1,559$1,118$786$544$371$86
31 years$1,493$1,057$733$499$336$73
32 years$1,430$1,000$684$459$304$63
33 years$1,372$947$638$422$275$53
34 years$1,317$897$596$388$249$45
35 years$1,265$851$558$358$225$39
36 years$1,217$808$522$329$204$33
37 years$1,171$767$488$303$185$28
38 years$1,127$729$457$280$168$24
39 years$1,086$693$428$258$152$20
40 years$1,047$660$402$238$138$17
41 years$1,010$628$377$219$125$15
42 years$975$598$353$202$114$13
43 years$942$570$331$187$103$11
44 years$910$543$311$173$94$9
45 years$880$518$292$159$85$8
46 years$851$494$274$147$77$7
47 years$823$472$258$136$70$6
48 years$797$450$242$126$64$5
49 years$772$430$228$116$58$4
50 years$748$411$214$107$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $766,000, adding $3,313 every year, while hoping to spend $40,546 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: 32/44/24 Blend
62$766,000$766,000$766,000$766,000
63$847,549$806,951$795,078$868,335
64$890,859$803,351$778,573$880,750
65$937,227$798,216$760,155$890,247
66$986,923$791,427$739,719$899,656
67$1,040,242$782,860$717,153$908,997
68$1,097,508$772,382$692,339$918,293
69$1,159,076$759,851$665,155$927,574
70$1,225,338$745,120$635,474$936,878
71$1,296,722$728,030$603,161$946,250
72$1,373,698$708,414$568,078$955,744
73$1,456,785$686,096$530,078$965,425
74$1,546,549$660,887$489,008$975,369
75$1,643,617$632,590$444,710$985,666
76$1,748,674$600,996$397,016$996,420
77$1,862,476$565,881$345,752$1,007,750
78$1,985,851$527,012$290,738$1,019,798
79$2,119,713$484,141$231,783$1,032,722
80$2,265,065$437,005$168,689$1,046,708
81$2,423,010$385,327$101,249$1,061,965
82$2,594,764$328,815$29,247$1,078,732
83$2,781,662$267,158$0$1,097,283
84$2,985,174$200,031$0$1,130,114
85$3,206,917$127,088$0$1,174,172
86$3,448,671$47,964$0$1,222,419
87$3,712,396$0$0$1,275,369
88$4,000,247$0$0$1,351,858
89$4,314,599$0$0$1,460,860
90$4,658,063$0$0$1,580,069
91$5,033,518$0$0$1,710,499
92$5,444,129$0$0$1,853,264
93$5,893,384$0$0$2,009,593
94$6,385,123$0$0$2,180,837
95$6,923,573$0$0$2,368,486
96$7,513,392$0$0$2,574,179
97$8,159,705$0$0$2,799,721
98$8,868,161$0$0$3,047,103
99$9,644,978$0$0$3,318,515
100$10,497,008$0$0$3,616,370