Can I retire at age 63 with 777,000?

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 $777,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$64,164$63,592$63,035$62,491$61,959$60,339
2 years$31,764$31,173$30,599$30,044$29,504$27,883
3 years$20,966$20,372$19,800$19,249$18,719$17,147
4 years$15,568$14,975$14,409$13,868$13,350$11,840
5 years$12,330$11,741$11,182$10,652$10,149$8,705
6 years$10,172$9,587$9,037$8,518$8,030$6,654
7 years$8,631$8,051$7,510$7,003$6,531$5,222
8 years$7,476$6,902$6,369$5,875$5,418$4,175
9 years$6,578$6,009$5,485$5,004$4,563$3,386
10 years$5,860$5,297$4,782$4,314$3,888$2,775
11 years$5,273$4,715$4,210$3,754$3,344$2,293
12 years$4,784$4,232$3,737$3,293$2,897$1,908
13 years$4,371$3,825$3,338$2,907$2,527$1,596
14 years$4,017$3,477$3,000$2,581$2,215$1,341
15 years$3,710$3,176$2,708$2,301$1,950$1,130
16 years$3,442$2,914$2,455$2,061$1,723$955
17 years$3,206$2,684$2,234$1,852$1,528$810
18 years$2,997$2,480$2,040$1,669$1,359$688
19 years$2,809$2,298$1,867$1,508$1,211$585
20 years$2,641$2,136$1,714$1,366$1,082$499
21 years$2,489$1,989$1,576$1,239$968$425
22 years$2,350$1,857$1,453$1,127$868$363
23 years$2,224$1,737$1,341$1,026$779$310
24 years$2,109$1,627$1,240$936$700$266
25 years$2,003$1,527$1,149$855$630$227
26 years$1,906$1,435$1,066$782$567$195
27 years$1,815$1,351$989$715$512$167
28 years$1,732$1,273$920$655$462$143
29 years$1,654$1,201$856$601$417$123
30 years$1,582$1,134$797$552$377$105
31 years$1,514$1,072$743$507$341$90
32 years$1,451$1,014$694$466$308$77
33 years$1,391$960$648$428$279$66
34 years$1,336$910$605$394$252$57
35 years$1,283$863$566$363$229$49
36 years$1,234$820$529$334$207$42
37 years$1,187$778$495$308$188$36
38 years$1,143$740$464$284$170$31
39 years$1,102$703$435$262$154$27
40 years$1,062$669$407$241$140$23
41 years$1,025$637$382$223$127$20
42 years$989$607$358$205$115$17
43 years$955$578$336$190$105$14
44 years$923$551$316$175$95$12
45 years$892$525$296$162$86$11
46 years$863$501$278$149$78$9
47 years$835$478$261$138$71$8
48 years$809$457$246$127$65$7
49 years$783$436$231$118$59$6
50 years$759$417$217$109$53$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $777,000, adding $3,042 every year, while hoping to spend $57,174 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: 73/6/21 Blend
62$777,000$777,000$777,000$777,000
63$859,392$818,211$806,167$917,546
64$886,217$797,470$772,341$935,880
65$913,862$773,798$735,466$948,789
66$942,351$746,988$695,378$961,485
67$971,706$716,826$651,909$973,940
68$1,001,953$683,083$604,881$986,119
69$1,033,115$645,518$554,107$997,987
70$1,065,218$603,873$499,396$1,009,507
71$1,098,288$557,881$440,543$1,020,637
72$1,132,350$507,253$377,337$1,031,335
73$1,167,431$451,690$309,559$1,041,556
74$1,203,556$390,870$236,977$1,051,250
75$1,240,753$324,457$159,350$1,060,367
76$1,279,049$252,095$76,427$1,068,851
77$1,318,471$173,406$0$1,076,643
78$1,359,047$87,994$0$1,086,385
79$1,400,802$0$0$1,113,758
80$1,443,766$0$0$1,141,914
81$1,487,965$0$0$1,176,855
82$1,533,425$0$0$1,212,791
83$1,580,173$0$0$1,249,743
84$1,628,235$0$0$1,287,732
85$1,677,637$0$0$1,326,776
86$1,728,402$0$0$1,366,896
87$1,780,554$0$0$1,408,109
88$1,834,115$0$0$1,450,432
89$1,889,105$0$0$1,493,881
90$1,945,543$0$0$1,538,469
91$2,003,447$0$0$1,584,211
92$2,062,829$0$0$1,631,116
93$2,123,702$0$0$1,679,193
94$2,186,074$0$0$1,728,448
95$2,249,948$0$0$1,778,882
96$2,315,327$0$0$1,830,496
97$2,382,204$0$0$1,883,285
98$2,450,570$0$0$1,937,240
99$2,520,408$0$0$1,992,347
100$2,591,697$0$0$2,048,587