Can I retire at age 63 with 771,000?

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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$63,668$63,101$62,548$62,008$61,481$60,940
2 years$31,519$30,932$30,363$29,812$29,276$28,732
3 years$20,804$20,214$19,647$19,101$18,574$18,042
4 years$15,447$14,860$14,298$13,761$13,247$12,732
5 years$12,234$11,650$11,096$10,570$10,070$9,574
6 years$10,093$9,513$8,967$8,453$7,968$7,490
7 years$8,564$7,989$7,452$6,949$6,480$6,022
8 years$7,418$6,848$6,320$5,830$5,376$4,937
9 years$6,527$5,963$5,443$4,966$4,527$4,107
10 years$5,815$5,256$4,745$4,280$3,858$3,456
11 years$5,232$4,679$4,178$3,725$3,318$2,934
12 years$4,747$4,200$3,708$3,268$2,875$2,510
13 years$4,337$3,795$3,313$2,885$2,507$2,160
14 years$3,986$3,450$2,976$2,561$2,198$1,867
15 years$3,682$3,151$2,687$2,284$1,935$1,622
16 years$3,416$2,891$2,436$2,045$1,710$1,413
17 years$3,182$2,663$2,217$1,837$1,516$1,235
18 years$2,973$2,461$2,024$1,656$1,348$1,082
19 years$2,788$2,280$1,853$1,496$1,202$950
20 years$2,620$2,119$1,700$1,355$1,073$836
21 years$2,469$1,974$1,564$1,230$961$737
22 years$2,332$1,842$1,441$1,118$861$650
23 years$2,207$1,723$1,331$1,018$773$575
24 years$2,093$1,615$1,231$929$695$508
25 years$1,988$1,515$1,140$848$625$450
26 years$1,891$1,424$1,057$776$563$399
27 years$1,801$1,340$982$710$508$354
28 years$1,718$1,263$913$650$458$314
29 years$1,641$1,191$849$596$414$279
30 years$1,569$1,125$791$547$374$248
31 years$1,502$1,064$738$503$338$220
32 years$1,440$1,006$688$462$306$196
33 years$1,381$953$643$425$277$174
34 years$1,325$903$600$391$250$155
35 years$1,274$857$561$360$227$138
36 years$1,225$813$525$331$206$123
37 years$1,178$772$491$305$186$109
38 years$1,135$734$460$281$169$97
39 years$1,093$698$431$260$153$87
40 years$1,054$664$404$239$139$77
41 years$1,017$632$379$221$126$69
42 years$982$602$355$204$114$61
43 years$948$574$334$188$104$55
44 years$916$547$313$174$94$49
45 years$886$521$294$160$86$43
46 years$857$497$276$148$78$39
47 years$829$475$259$137$71$35
48 years$802$453$244$127$64$31
49 years$777$433$229$117$58$27
50 years$753$413$215$108$53$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $771,000, adding $4,734 every year, while hoping to spend $35,479 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: 33/38/29 Blend
62$771,000$771,000$771,000$771,000
63$854,525$813,662$801,712$875,081
64$903,937$815,782$790,820$893,274
65$957,200$816,817$778,374$909,399
66$1,014,670$816,676$764,284$926,096
67$1,076,736$815,263$748,457$943,438
68$1,143,828$812,475$730,795$961,513
69$1,216,417$808,205$711,195$980,418
70$1,295,021$802,337$689,550$1,000,263
71$1,380,211$794,750$665,748$1,021,173
72$1,472,613$785,312$639,671$1,043,290
73$1,572,915$773,889$611,196$1,066,773
74$1,681,877$760,334$580,196$1,091,800
75$1,800,331$744,493$546,535$1,118,575
76$1,929,195$726,204$510,074$1,147,323
77$2,069,478$705,293$470,667$1,178,298
78$2,222,291$681,577$428,159$1,211,787
79$2,388,854$654,864$382,392$1,248,108
80$2,570,513$624,949$333,199$1,287,619
81$2,768,749$591,615$280,404$1,330,719
82$2,985,190$554,632$223,826$1,377,856
83$3,221,630$513,760$163,275$1,429,528
84$3,480,043$468,741$98,552$1,486,291
85$3,762,603$419,305$29,449$1,548,767
86$4,071,704$365,166$0$1,617,646
87$4,409,980$306,022$0$1,707,406
88$4,780,334$241,553$0$1,815,814
89$5,185,961$171,421$0$1,934,773
90$5,630,379$95,272$0$2,065,422
91$6,117,465$12,728$0$2,209,019
92$6,651,487$0$0$2,366,957
93$7,237,145$0$0$2,572,812
94$7,879,618$0$0$2,804,593
95$8,584,607$0$0$3,059,051
96$9,358,395$0$0$3,338,468
97$10,207,902$0$0$3,645,358
98$11,140,749$0$0$3,982,492
99$12,165,334$0$0$4,352,920
100$13,290,905$0$0$4,760,005