Can I retire at age 63 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$64,247$63,674$63,116$62,571$62,039$60,911
2 years$31,805$31,213$30,639$30,082$29,542$28,410
3 years$20,993$20,398$19,825$19,274$18,743$17,641
4 years$15,588$14,995$14,428$13,886$13,368$12,305
5 years$12,346$11,756$11,197$10,666$10,162$9,142
6 years$10,185$9,600$9,048$8,529$8,041$7,064
7 years$8,642$8,062$7,519$7,012$6,539$5,607
8 years$7,485$6,910$6,377$5,883$5,425$4,536
9 years$6,586$6,017$5,492$5,011$4,569$3,723
10 years$5,867$5,303$4,788$4,319$3,893$3,089
11 years$5,280$4,721$4,216$3,759$3,348$2,586
12 years$4,790$4,238$3,741$3,297$2,901$2,179
13 years$4,376$3,830$3,343$2,911$2,530$1,847
14 years$4,022$3,481$3,003$2,584$2,218$1,573
15 years$3,715$3,180$2,712$2,304$1,953$1,345
16 years$3,447$2,918$2,458$2,063$1,726$1,153
17 years$3,210$2,687$2,237$1,854$1,530$992
18 years$3,000$2,483$2,042$1,671$1,361$855
19 years$2,813$2,301$1,870$1,510$1,213$738
20 years$2,644$2,138$1,716$1,367$1,083$638
21 years$2,492$1,992$1,578$1,241$969$553
22 years$2,353$1,859$1,455$1,128$869$480
23 years$2,227$1,739$1,343$1,028$780$416
24 years$2,112$1,629$1,242$937$701$362
25 years$2,006$1,529$1,150$856$631$315
26 years$1,908$1,437$1,067$783$568$274
27 years$1,818$1,352$991$716$512$238
28 years$1,734$1,274$921$656$462$208
29 years$1,656$1,202$857$602$417$181
30 years$1,584$1,135$798$552$377$158
31 years$1,516$1,073$744$507$341$138
32 years$1,453$1,016$694$466$308$120
33 years$1,393$962$648$429$279$105
34 years$1,338$911$606$394$253$91
35 years$1,285$865$566$363$229$80
36 years$1,236$821$530$334$207$70
37 years$1,189$779$496$308$188$61
38 years$1,145$741$464$284$170$53
39 years$1,103$704$435$262$155$46
40 years$1,064$670$408$242$140$41
41 years$1,026$638$382$223$127$35
42 years$991$607$359$206$115$31
43 years$957$579$337$190$105$27
44 years$924$552$316$175$95$24
45 years$894$526$297$162$86$21
46 years$864$502$279$150$78$18
47 years$836$479$262$138$71$16
48 years$810$457$246$128$65$14
49 years$784$437$231$118$59$12
50 years$760$417$217$109$53$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $778,000, adding $5,367 every year, while hoping to spend $47,423 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: 28/48/24 Blend
62$778,000$778,000$778,000$778,000
63$862,892$821,658$809,599$880,455
64$900,449$811,462$786,263$884,488
65$940,248$799,176$760,556$884,301
66$982,467$784,649$732,348$883,116
67$1,027,301$767,719$701,504$880,876
68$1,074,963$748,215$667,882$877,528
69$1,125,688$725,956$631,334$873,014
70$1,179,731$700,751$591,707$867,280
71$1,237,371$672,396$548,837$860,270
72$1,298,916$640,676$502,556$851,929
73$1,364,702$605,365$452,688$842,201
74$1,435,096$566,223$399,048$831,035
75$1,510,504$522,996$341,444$818,379
76$1,591,367$475,415$279,674$804,185
77$1,678,173$423,196$213,529$788,408
78$1,771,454$366,040$142,790$771,009
79$1,871,796$303,630$67,227$751,950
80$1,979,842$235,630$0$731,204
81$2,096,298$161,688$0$712,182
82$2,221,939$81,430$0$710,032
83$2,357,619$0$0$707,585
84$2,504,272$0$0$707,845
85$2,662,929$0$0$754,756
86$2,834,720$0$0$805,656
87$3,020,889$0$0$860,927
88$3,222,804$0$0$920,987
89$3,441,969$0$0$986,299
90$3,680,037$0$0$1,057,371
91$3,938,828$0$0$1,134,762
92$4,220,344$0$0$1,219,087
93$4,526,786$0$0$1,311,024
94$4,860,579$0$0$1,411,318
95$5,224,388$0$0$1,520,788
96$5,621,149$0$0$1,640,339
97$6,054,092$0$0$1,770,962
98$6,526,772$0$0$1,913,754
99$7,043,103$0$0$2,069,919
100$7,607,393$0$0$2,240,782