Can I retire at age 63 with 748,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$61,769$61,219$60,682$60,158$59,647$58,975
2 years$30,579$30,009$29,457$28,922$28,403$27,727
3 years$20,183$19,611$19,061$18,531$18,020$17,360
4 years$14,987$14,416$13,871$13,350$12,852$12,214
5 years$11,869$11,303$10,765$10,254$9,770$9,155
6 years$9,792$9,229$8,700$8,200$7,731$7,140
7 years$8,309$7,751$7,229$6,742$6,287$5,721
8 years$7,197$6,644$6,131$5,656$5,216$4,674
9 years$6,332$5,785$5,281$4,817$4,392$3,875
10 years$5,641$5,099$4,604$4,153$3,743$3,249
11 years$5,076$4,539$4,053$3,614$3,219$2,748
12 years$4,605$4,074$3,597$3,170$2,789$2,342
13 years$4,208$3,682$3,214$2,799$2,432$2,007
14 years$3,867$3,347$2,888$2,484$2,132$1,729
15 years$3,572$3,057$2,607$2,216$1,877$1,495
16 years$3,314$2,805$2,364$1,984$1,659$1,297
17 years$3,087$2,583$2,151$1,782$1,471$1,129
18 years$2,885$2,387$1,963$1,606$1,308$985
19 years$2,704$2,212$1,797$1,451$1,166$861
20 years$2,542$2,056$1,650$1,315$1,041$755
21 years$2,396$1,915$1,517$1,193$932$662
22 years$2,263$1,788$1,398$1,085$835$582
23 years$2,141$1,672$1,291$988$750$512
24 years$2,030$1,566$1,194$901$674$450
25 years$1,928$1,470$1,106$823$606$397
26 years$1,834$1,382$1,026$752$546$350
27 years$1,748$1,300$953$689$493$309
28 years$1,667$1,225$886$631$444$273
29 years$1,592$1,156$824$579$401$241
30 years$1,523$1,092$768$531$363$213
31 years$1,458$1,032$716$488$328$189
32 years$1,397$976$668$448$297$167
33 years$1,340$925$623$412$268$148
34 years$1,286$876$582$379$243$131
35 years$1,236$831$545$349$220$116
36 years$1,188$789$509$322$199$103
37 years$1,143$749$477$296$181$91
38 years$1,101$712$447$273$164$81
39 years$1,061$677$418$252$149$71
40 years$1,023$644$392$232$135$63
41 years$987$613$368$214$122$56
42 years$952$584$345$198$111$50
43 years$920$556$324$183$101$44
44 years$889$530$304$169$91$39
45 years$859$506$285$156$83$35
46 years$831$483$268$144$75$31
47 years$804$460$252$133$68$27
48 years$778$440$237$123$62$24
49 years$754$420$222$113$56$21
50 years$730$401$209$105$51$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $748,000, adding $2,794 every year, while hoping to spend $23,673 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: 57/31/12 Blend
62$748,000$748,000$748,000$748,000
63$827,178$787,534$775,940$871,691
64$886,362$800,935$776,746$915,496
65$950,790$814,200$776,786$960,345
66$1,020,971$827,296$776,008$1,008,654
67$1,097,466$840,189$774,361$1,060,758
68$1,180,893$852,844$771,787$1,117,025
69$1,271,931$865,221$768,229$1,177,863
70$1,371,328$877,277$763,625$1,243,719
71$1,479,909$888,968$757,912$1,315,090
72$1,598,579$900,247$751,021$1,392,521
73$1,728,336$911,061$742,882$1,476,613
74$1,870,280$921,357$733,422$1,568,029
75$2,025,619$931,075$722,563$1,667,501
76$2,195,688$940,153$710,225$1,775,837
77$2,381,953$948,524$696,322$1,893,924
78$2,586,029$956,119$680,765$2,022,745
79$2,809,696$962,861$663,463$2,163,380
80$3,054,913$968,670$644,318$2,317,023
81$3,323,840$973,460$623,228$2,484,990
82$3,618,853$977,141$600,087$2,668,730
83$3,942,570$979,615$574,785$2,869,844
84$4,297,877$980,781$547,204$3,090,096
85$4,687,949$980,528$517,225$3,331,430
86$5,116,288$978,741$484,719$3,595,991
87$5,586,746$975,297$449,555$3,886,146
88$6,103,573$970,065$411,593$4,204,501
89$6,671,445$962,907$370,689$4,553,933
90$7,295,518$953,674$326,693$4,937,612
91$7,981,469$942,213$279,445$5,359,036
92$8,735,555$928,356$228,782$5,822,060
93$9,564,666$911,930$174,531$6,330,934
94$10,476,396$892,749$116,512$6,890,346
95$11,479,110$870,616$54,537$7,505,463
96$12,582,027$845,323$0$8,181,984
97$13,795,300$816,651$0$8,927,675
98$15,130,120$784,366$0$9,755,527
99$16,598,813$748,221$0$10,666,212
100$18,214,964$707,956$0$11,668,178