Can I retire at age 63 with 775,000?

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 $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$63,999$63,429$62,873$62,330$61,800$59,750
2 years$31,683$31,093$30,521$29,966$29,428$27,383
3 years$20,912$20,319$19,749$19,200$18,671$16,694
4 years$15,528$14,937$14,372$13,832$13,316$11,423
5 years$12,298$11,711$11,153$10,624$10,123$8,319
6 years$10,145$9,563$9,014$8,496$8,010$6,296
7 years$8,609$8,031$7,490$6,985$6,514$4,891
8 years$7,456$6,884$6,352$5,860$5,404$3,870
9 years$6,561$5,994$5,471$4,991$4,551$3,104
10 years$5,845$5,283$4,770$4,303$3,878$2,515
11 years$5,259$4,703$4,199$3,745$3,335$2,055
12 years$4,772$4,221$3,727$3,284$2,890$1,689
13 years$4,359$3,815$3,330$2,900$2,520$1,396
14 years$4,006$3,468$2,992$2,574$2,209$1,158
15 years$3,701$3,168$2,701$2,296$1,945$964
16 years$3,434$2,906$2,449$2,055$1,719$804
17 years$3,198$2,677$2,229$1,847$1,524$673
18 years$2,989$2,473$2,034$1,664$1,355$564
19 years$2,802$2,292$1,862$1,504$1,208$473
20 years$2,634$2,130$1,709$1,362$1,079$398
21 years$2,482$1,984$1,572$1,236$966$335
22 years$2,344$1,852$1,449$1,124$866$282
23 years$2,219$1,732$1,338$1,024$777$237
24 years$2,104$1,623$1,237$934$698$200
25 years$1,998$1,523$1,146$853$628$169
26 years$1,901$1,431$1,063$780$566$143
27 years$1,811$1,347$987$714$510$120
28 years$1,727$1,269$917$654$460$102
29 years$1,650$1,198$854$600$416$86
30 years$1,578$1,131$795$550$376$73
31 years$1,510$1,069$741$505$340$61
32 years$1,447$1,012$692$464$307$52
33 years$1,388$958$646$427$278$44
34 years$1,332$908$603$393$252$37
35 years$1,280$861$564$362$228$31
36 years$1,231$817$528$333$207$26
37 years$1,184$776$494$307$187$22
38 years$1,140$738$463$283$170$19
39 years$1,099$702$433$261$154$16
40 years$1,060$667$406$241$140$14
41 years$1,022$635$381$222$127$11
42 years$987$605$357$205$115$10
43 years$953$577$335$189$104$8
44 years$921$550$315$175$95$7
45 years$890$524$296$161$86$6
46 years$861$500$278$149$78$5
47 years$833$477$261$138$71$4
48 years$807$455$245$127$64$4
49 years$781$435$230$118$58$3
50 years$757$415$217$109$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $775,000, adding $3,398 every year, while hoping to spend $59,760 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: 42/42/16 Blend
62$775,000$775,000$775,000$775,000
63$857,555$816,480$804,468$889,421
64$881,441$792,903$767,833$888,646
65$905,761$766,169$727,968$881,669
66$930,496$736,058$684,702$872,839
67$955,622$702,340$637,856$862,013
68$981,114$664,773$587,241$849,041
69$1,006,937$623,097$532,664$833,763
70$1,033,056$577,040$473,920$816,007
71$1,059,427$526,314$410,795$795,591
72$1,085,999$470,613$343,067$772,321
73$1,112,714$409,617$270,503$745,989
74$1,139,506$342,984$192,860$716,376
75$1,166,300$270,354$109,885$683,245
76$1,193,010$191,349$21,314$646,347
77$1,219,538$105,566$0$605,413
78$1,245,775$12,582$0$572,658
79$1,271,596$0$0$539,974
80$1,296,861$0$0$544,139
81$1,321,413$0$0$553,736
82$1,345,077$0$0$562,866
83$1,367,653$0$0$571,435
84$1,388,922$0$0$579,340
85$1,408,637$0$0$586,464
86$1,426,520$0$0$592,677
87$1,442,265$0$0$597,836
88$1,455,528$0$0$601,779
89$1,465,928$0$0$604,328
90$1,473,040$0$0$605,283
91$1,476,392$0$0$604,425
92$1,475,457$0$0$601,507
93$1,469,655$0$0$596,257
94$1,458,337$0$0$588,374
95$1,440,786$0$0$577,523
96$1,416,207$0$0$563,333
97$1,383,717$0$0$545,393
98$1,342,339$0$0$523,247
99$1,290,991$0$0$496,393
100$1,228,476$0$0$464,273