Can I retire at age 63 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$61,934$61,383$60,844$60,319$59,806$57,845
2 years$30,661$30,090$29,536$29,000$28,479$26,522
3 years$20,237$19,664$19,112$18,580$18,068$16,177
4 years$15,027$14,455$13,909$13,386$12,886$11,075
5 years$11,901$11,333$10,794$10,282$9,796$8,070
6 years$9,818$9,254$8,723$8,222$7,751$6,111
7 years$8,331$7,772$7,249$6,760$6,304$4,750
8 years$7,216$6,662$6,147$5,671$5,230$3,760
9 years$6,349$5,800$5,295$4,830$4,404$3,018
10 years$5,656$5,113$4,616$4,164$3,753$2,447
11 years$5,090$4,551$4,064$3,624$3,227$2,000
12 years$4,618$4,085$3,607$3,179$2,797$1,646
13 years$4,219$3,692$3,222$2,806$2,439$1,361
14 years$3,877$3,356$2,895$2,491$2,138$1,130
15 years$3,581$3,066$2,614$2,222$1,882$941
16 years$3,323$2,813$2,370$1,989$1,664$786
17 years$3,095$2,590$2,157$1,787$1,475$658
18 years$2,892$2,394$1,969$1,611$1,312$552
19 years$2,712$2,218$1,802$1,455$1,169$463
20 years$2,549$2,061$1,654$1,318$1,044$390
21 years$2,402$1,920$1,521$1,196$934$328
22 years$2,269$1,792$1,402$1,088$838$277
23 years$2,147$1,676$1,295$991$752$233
24 years$2,036$1,571$1,197$903$676$197
25 years$1,934$1,474$1,109$825$608$166
26 years$1,839$1,385$1,029$754$548$140
27 years$1,752$1,304$955$691$494$119
28 years$1,672$1,228$888$633$446$100
29 years$1,597$1,159$826$580$402$85
30 years$1,527$1,094$770$532$364$72
31 years$1,461$1,035$717$489$329$61
32 years$1,400$979$669$449$297$51
33 years$1,343$927$625$413$269$43
34 years$1,289$879$584$380$244$37
35 years$1,239$833$546$350$221$31
36 years$1,191$791$511$322$200$26
37 years$1,146$751$478$297$181$22
38 years$1,104$714$448$274$164$19
39 years$1,063$679$419$252$149$16
40 years$1,025$646$393$233$135$14
41 years$989$615$369$215$123$11
42 years$955$586$346$198$111$10
43 years$922$558$324$183$101$8
44 years$891$532$305$169$92$7
45 years$861$507$286$156$83$6
46 years$833$484$269$144$76$5
47 years$806$462$252$133$69$4
48 years$780$441$237$123$62$4
49 years$756$421$223$114$57$3
50 years$732$402$210$105$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $750,000, adding $4,814 every year, while hoping to spend $35,062 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: 85/10/5 Blend
62$750,000$750,000$750,000$750,000
63$831,466$791,716$780,091$901,733
64$878,969$793,204$768,918$949,751
65$930,143$793,590$756,196$997,179
66$985,325$792,783$741,835$1,048,154
67$1,044,885$790,686$725,744$1,103,009
68$1,109,230$787,197$707,823$1,162,109
69$1,178,808$782,206$687,972$1,225,858
70$1,254,111$775,599$666,083$1,294,698
71$1,335,680$767,252$642,046$1,369,117
72$1,424,108$757,036$615,743$1,449,653
73$1,520,050$744,814$587,054$1,536,897
74$1,624,224$730,439$555,849$1,631,502
75$1,737,422$713,757$521,997$1,734,185
76$1,860,513$694,605$485,358$1,845,736
77$1,994,454$672,810$445,787$1,967,027
78$2,140,299$648,188$403,131$2,099,016
79$2,299,205$620,546$357,232$2,242,762
80$2,472,449$589,677$307,924$2,399,428
81$2,661,434$555,367$255,035$2,570,298
82$2,867,704$517,383$198,382$2,756,785
83$3,092,961$475,485$137,778$2,960,447
84$3,339,074$429,416$73,026$3,183,001
85$3,608,107$378,904$3,919$3,426,337
86$3,902,327$323,664$0$3,692,541
87$4,224,232$263,391$0$3,987,635
88$4,576,573$197,767$0$4,310,889
89$4,962,380$126,454$0$4,664,896
90$5,384,987$49,094$0$5,052,743
91$5,848,068$0$0$5,477,832
92$6,355,669$0$0$5,947,727
93$6,912,244$0$0$6,468,894
94$7,522,702$0$0$7,040,527
95$8,192,446$0$0$7,667,688
96$8,927,431$0$0$8,355,954
97$9,734,214$0$0$9,111,467
98$10,620,019$0$0$9,940,993
99$11,592,802$0$0$10,851,986
100$12,661,330$0$0$11,852,656