Can I retire at age 63 with 750,000?

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 $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%11.4%
1 years$61,934$61,383$60,844$60,319$59,806$59,454
2 years$30,661$30,090$29,536$29,000$28,479$28,124
3 years$20,237$19,664$19,112$18,580$18,068$17,721
4 years$15,027$14,455$13,909$13,386$12,886$12,550
5 years$11,901$11,333$10,794$10,282$9,796$9,471
6 years$9,818$9,254$8,723$8,222$7,751$7,438
7 years$8,331$7,772$7,249$6,760$6,304$6,003
8 years$7,216$6,662$6,147$5,671$5,230$4,941
9 years$6,349$5,800$5,295$4,830$4,404$4,127
10 years$5,656$5,113$4,616$4,164$3,753$3,488
11 years$5,090$4,551$4,064$3,624$3,227$2,974
12 years$4,618$4,085$3,607$3,179$2,797$2,555
13 years$4,219$3,692$3,222$2,806$2,439$2,208
14 years$3,877$3,356$2,895$2,491$2,138$1,918
15 years$3,581$3,066$2,614$2,222$1,882$1,674
16 years$3,323$2,813$2,370$1,989$1,664$1,465
17 years$3,095$2,590$2,157$1,787$1,475$1,287
18 years$2,892$2,394$1,969$1,611$1,312$1,133
19 years$2,712$2,218$1,802$1,455$1,169$1,000
20 years$2,549$2,061$1,654$1,318$1,044$884
21 years$2,402$1,920$1,521$1,196$934$783
22 years$2,269$1,792$1,402$1,088$838$695
23 years$2,147$1,676$1,295$991$752$617
24 years$2,036$1,571$1,197$903$676$549
25 years$1,934$1,474$1,109$825$608$489
26 years$1,839$1,385$1,029$754$548$436
27 years$1,752$1,304$955$691$494$389
28 years$1,672$1,228$888$633$446$347
29 years$1,597$1,159$826$580$402$310
30 years$1,527$1,094$770$532$364$277
31 years$1,461$1,035$717$489$329$247
32 years$1,400$979$669$449$297$221
33 years$1,343$927$625$413$269$198
34 years$1,289$879$584$380$244$177
35 years$1,239$833$546$350$221$159
36 years$1,191$791$511$322$200$142
37 years$1,146$751$478$297$181$127
38 years$1,104$714$448$274$164$114
39 years$1,063$679$419$252$149$102
40 years$1,025$646$393$233$135$92
41 years$989$615$369$215$123$82
42 years$955$586$346$198$111$74
43 years$922$558$324$183$101$66
44 years$891$532$305$169$92$59
45 years$861$507$286$156$83$53
46 years$833$484$269$144$76$48
47 years$806$462$252$133$69$43
48 years$780$441$237$123$62$38
49 years$756$421$223$114$57$34
50 years$732$402$210$105$51$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $750,000, adding $3,278 every year, while hoping to spend $58,166 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: 49/33/18 Blend
62$750,000$750,000$750,000$750,000
63$829,881$790,131$778,506$866,220
64$852,641$766,960$742,698$868,539
65$875,773$740,703$703,741$864,834
66$899,253$711,149$661,468$859,563
67$923,054$678,072$615,704$852,601
68$947,143$641,236$566,268$843,815
69$971,483$600,387$512,968$833,061
70$996,028$555,260$455,607$820,187
71$1,020,729$505,574$393,976$805,029
72$1,045,527$451,031$327,858$787,413
73$1,070,356$391,317$257,027$767,153
74$1,095,141$326,099$181,245$744,048
75$1,119,795$255,028$100,267$717,886
76$1,144,222$177,732$13,834$688,437
77$1,168,312$93,821$0$655,458
78$1,191,942$2,880$0$633,744
79$1,214,972$0$0$611,772
80$1,237,247$0$0$621,327
81$1,258,593$0$0$631,380
82$1,278,812$0$0$640,779
83$1,297,687$0$0$649,404
84$1,314,974$0$0$657,121
85$1,330,398$0$0$663,783
86$1,343,656$0$0$669,222
87$1,354,410$0$0$673,254
88$1,362,283$0$0$675,675
89$1,366,854$0$0$676,256
90$1,367,659$0$0$674,743
91$1,364,180$0$0$670,856
92$1,355,842$0$0$664,282
93$1,342,008$0$0$654,674
94$1,321,970$0$0$641,650
95$1,294,946$0$0$624,784
96$1,260,066$0$0$603,604
97$1,216,369$0$0$577,589
98$1,162,791$0$0$546,162
99$1,098,151$0$0$508,683
100$1,021,146$0$0$464,447