Can I retire at age 63 with 768,000?

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 $768,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$63,421$62,856$62,305$61,767$61,241$59,116
2 years$31,396$30,812$30,245$29,696$29,163$27,043
3 years$20,723$20,136$19,571$19,026$18,502$16,455
4 years$15,387$14,802$14,242$13,707$13,196$11,237
5 years$12,187$11,605$11,053$10,529$10,031$8,166
6 years$10,054$9,476$8,932$8,420$7,937$6,167
7 years$8,531$7,958$7,423$6,922$6,455$4,779
8 years$7,389$6,822$6,295$5,807$5,355$3,773
9 years$6,502$5,939$5,422$4,946$4,510$3,019
10 years$5,792$5,235$4,727$4,264$3,843$2,440
11 years$5,212$4,661$4,162$3,711$3,305$1,988
12 years$4,729$4,183$3,693$3,255$2,864$1,630
13 years$4,320$3,780$3,300$2,873$2,497$1,343
14 years$3,970$3,436$2,965$2,551$2,189$1,111
15 years$3,667$3,139$2,677$2,275$1,927$922
16 years$3,403$2,880$2,427$2,037$1,704$768
17 years$3,169$2,652$2,208$1,830$1,510$640
18 years$2,962$2,451$2,016$1,649$1,343$535
19 years$2,777$2,272$1,846$1,490$1,197$448
20 years$2,610$2,111$1,694$1,350$1,069$375
21 years$2,460$1,966$1,558$1,225$957$315
22 years$2,323$1,835$1,436$1,114$858$264
23 years$2,199$1,717$1,326$1,014$770$222
24 years$2,085$1,608$1,226$925$692$186
25 years$1,980$1,509$1,136$845$623$157
26 years$1,884$1,418$1,053$773$561$132
27 years$1,794$1,335$978$707$506$111
28 years$1,712$1,258$909$648$456$93
29 years$1,635$1,187$846$594$412$79
30 years$1,563$1,121$788$545$372$66
31 years$1,496$1,059$735$501$337$56
32 years$1,434$1,002$685$460$304$47
33 years$1,375$949$640$423$276$40
34 years$1,320$900$598$389$249$33
35 years$1,269$853$559$358$226$28
36 years$1,220$810$523$330$205$24
37 years$1,174$769$490$304$186$20
38 years$1,130$731$458$280$168$17
39 years$1,089$695$430$259$153$14
40 years$1,050$661$403$238$138$12
41 years$1,013$630$377$220$126$10
42 years$978$600$354$203$114$9
43 years$944$571$332$187$103$7
44 years$912$545$312$173$94$6
45 years$882$519$293$160$85$5
46 years$853$495$275$148$77$4
47 years$826$473$258$136$70$4
48 years$799$451$243$126$64$3
49 years$774$431$228$116$58$3
50 years$750$412$215$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $768,000, adding $4,354 every year, while hoping to spend $22,717 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: 62/29/9 Blend
62$768,000$768,000$768,000$768,000
63$850,827$810,123$798,219$901,652
64$913,441$825,648$800,789$951,700
65$981,680$841,173$802,683$1,003,284
66$1,056,094$856,673$803,856$1,059,014
67$1,137,288$872,123$804,257$1,119,291
68$1,225,928$887,493$803,837$1,184,558
69$1,322,747$902,756$802,540$1,255,300
70$1,428,553$917,876$800,311$1,332,055
71$1,544,234$932,821$797,090$1,415,414
72$1,670,769$947,552$792,815$1,506,027
73$1,809,234$962,029$787,422$1,604,613
74$1,960,817$976,209$780,841$1,711,963
75$2,126,822$990,045$773,001$1,828,948
76$2,308,689$1,003,489$763,828$1,956,529
77$2,508,002$1,016,486$753,242$2,095,766
78$2,726,506$1,028,981$741,163$2,247,826
79$2,966,121$1,040,913$727,504$2,413,994
80$3,228,965$1,052,217$712,175$2,595,690
81$3,517,368$1,062,825$695,081$2,794,476
82$3,833,898$1,072,662$676,126$3,012,076
83$4,181,384$1,081,651$655,204$3,250,388
84$4,562,941$1,089,707$632,209$3,511,505
85$4,982,001$1,096,743$607,028$3,797,736
86$5,442,345$1,102,663$579,543$4,111,623
87$5,948,137$1,107,367$549,631$4,455,970
88$6,503,967$1,110,747$517,163$4,833,869
89$7,114,888$1,112,691$482,005$5,248,725
90$7,786,471$1,113,076$444,016$5,704,293
91$8,524,849$1,111,775$403,049$6,204,714
92$9,336,783$1,108,651$358,950$6,754,549
93$10,229,719$1,103,560$311,560$7,358,828
94$11,211,864$1,096,348$260,710$8,023,095
95$12,292,257$1,086,852$206,227$8,753,462
96$13,480,858$1,074,899$147,927$9,556,663
97$14,788,643$1,060,306$85,620$10,440,125
98$16,227,703$1,042,880$19,107$11,412,031
99$17,811,362$1,022,414$0$12,481,402
100$19,554,300$998,691$0$13,663,165