Can I retire at age 63 with 779,000?

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 $779,000?

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$64,329$63,756$63,197$62,651$62,119$61,572
2 years$31,846$31,253$30,678$30,121$29,580$29,030
3 years$21,020$20,424$19,851$19,299$18,767$18,229
4 years$15,608$15,014$14,446$13,904$13,385$12,864
5 years$12,361$11,771$11,211$10,679$10,175$9,673
6 years$10,198$9,612$9,060$8,540$8,051$7,568
7 years$8,653$8,072$7,529$7,021$6,548$6,084
8 years$7,495$6,919$6,385$5,890$5,432$4,988
9 years$6,595$6,025$5,500$5,017$4,574$4,150
10 years$5,875$5,310$4,795$4,325$3,898$3,492
11 years$5,286$4,727$4,221$3,764$3,352$2,965
12 years$4,796$4,243$3,746$3,301$2,905$2,536
13 years$4,382$3,835$3,347$2,915$2,533$2,182
14 years$4,027$3,485$3,007$2,587$2,221$1,887
15 years$3,720$3,184$2,715$2,307$1,955$1,638
16 years$3,451$2,921$2,462$2,066$1,728$1,428
17 years$3,215$2,690$2,240$1,856$1,532$1,248
18 years$3,004$2,486$2,045$1,673$1,362$1,093
19 years$2,816$2,304$1,872$1,512$1,214$960
20 years$2,648$2,141$1,718$1,369$1,085$845
21 years$2,495$1,994$1,580$1,243$971$744
22 years$2,356$1,862$1,456$1,130$870$657
23 years$2,230$1,741$1,345$1,029$781$581
24 years$2,115$1,631$1,244$938$702$514
25 years$2,008$1,531$1,152$857$632$455
26 years$1,911$1,439$1,068$784$569$403
27 years$1,820$1,354$992$717$513$357
28 years$1,736$1,276$922$657$463$317
29 years$1,658$1,204$858$603$418$282
30 years$1,586$1,137$799$553$378$250
31 years$1,518$1,075$745$508$341$222
32 years$1,455$1,017$695$467$309$198
33 years$1,395$963$649$429$279$176
34 years$1,339$913$607$395$253$157
35 years$1,287$866$567$364$229$139
36 years$1,237$822$531$335$208$124
37 years$1,191$780$497$309$188$110
38 years$1,146$742$465$284$171$98
39 years$1,105$705$436$262$155$88
40 years$1,065$671$408$242$140$78
41 years$1,027$639$383$223$127$70
42 years$992$608$359$206$116$62
43 years$958$580$337$190$105$55
44 years$926$552$316$176$95$49
45 years$895$527$297$162$86$44
46 years$865$503$279$150$78$39
47 years$837$480$262$138$71$35
48 years$811$458$246$128$65$31
49 years$785$437$232$118$59$28
50 years$761$418$218$109$53$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $779,000, adding $6,136 every year, while hoping to spend $44,598 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: 64/11/25 Blend
62$779,000$779,000$779,000$779,000
63$864,787$823,500$811,426$914,093
64$905,544$816,400$791,157$941,032
65$948,962$807,457$768,714$964,942
66$995,268$796,534$743,977$990,071
67$1,044,707$783,485$716,821$1,016,542
68$1,097,547$768,156$687,116$1,044,496
69$1,154,086$750,385$654,723$1,074,084
70$1,214,645$729,996$619,499$1,105,480
71$1,279,582$706,809$581,295$1,138,874
72$1,349,285$680,628$539,953$1,174,479
73$1,424,181$651,248$495,312$1,212,529
74$1,504,742$618,453$447,198$1,253,287
75$1,591,481$582,013$395,435$1,297,044
76$1,684,965$541,685$339,835$1,344,124
77$1,785,816$497,212$280,204$1,394,884
78$1,894,716$448,322$216,338$1,449,724
79$2,012,417$394,730$148,025$1,509,084
80$2,139,744$336,132$75,044$1,573,455
81$2,277,602$272,207$0$1,643,379
82$2,426,990$202,617$0$1,720,216
83$2,589,003$127,005$0$1,825,287
84$2,764,847$44,994$0$1,939,360
85$2,955,847$0$0$2,063,322
86$3,163,463$0$0$2,203,458
87$3,389,298$0$0$2,361,864
88$3,635,118$0$0$2,534,337
89$3,902,865$0$0$2,722,246
90$4,194,676$0$0$2,927,098
91$4,512,905$0$0$3,150,552
92$4,860,139$0$0$3,394,432
93$5,239,230$0$0$3,660,747
94$5,653,313$0$0$3,951,709
95$6,105,843$0$0$4,269,752
96$6,600,622$0$0$4,617,557
97$7,141,835$0$0$4,998,076
98$7,734,092$0$0$5,414,557
99$8,382,470$0$0$5,870,580
100$9,092,556$0$0$6,370,085