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%15.8%
1 years$61,934$61,383$60,844$60,319$59,806$58,384
2 years$30,661$30,090$29,536$29,000$28,479$27,055
3 years$20,237$19,664$19,112$18,580$18,068$16,686
4 years$15,027$14,455$13,909$13,386$12,886$11,557
5 years$11,901$11,333$10,794$10,282$9,796$8,523
6 years$9,818$9,254$8,723$8,222$7,751$6,536
7 years$8,331$7,772$7,249$6,760$6,304$5,147
8 years$7,216$6,662$6,147$5,671$5,230$4,130
9 years$6,349$5,800$5,295$4,830$4,404$3,361
10 years$5,656$5,113$4,616$4,164$3,753$2,765
11 years$5,090$4,551$4,064$3,624$3,227$2,294
12 years$4,618$4,085$3,607$3,179$2,797$1,916
13 years$4,219$3,692$3,222$2,806$2,439$1,609
14 years$3,877$3,356$2,895$2,491$2,138$1,357
15 years$3,581$3,066$2,614$2,222$1,882$1,149
16 years$3,323$2,813$2,370$1,989$1,664$976
17 years$3,095$2,590$2,157$1,787$1,475$831
18 years$2,892$2,394$1,969$1,611$1,312$708
19 years$2,712$2,218$1,802$1,455$1,169$605
20 years$2,549$2,061$1,654$1,318$1,044$518
21 years$2,402$1,920$1,521$1,196$934$444
22 years$2,269$1,792$1,402$1,088$838$381
23 years$2,147$1,676$1,295$991$752$327
24 years$2,036$1,571$1,197$903$676$281
25 years$1,934$1,474$1,109$825$608$242
26 years$1,839$1,385$1,029$754$548$208
27 years$1,752$1,304$955$691$494$179
28 years$1,672$1,228$888$633$446$154
29 years$1,597$1,159$826$580$402$133
30 years$1,527$1,094$770$532$364$115
31 years$1,461$1,035$717$489$329$99
32 years$1,400$979$669$449$297$85
33 years$1,343$927$625$413$269$73
34 years$1,289$879$584$380$244$63
35 years$1,239$833$546$350$221$55
36 years$1,191$791$511$322$200$47
37 years$1,146$751$478$297$181$41
38 years$1,104$714$448$274$164$35
39 years$1,063$679$419$252$149$30
40 years$1,025$646$393$233$135$26
41 years$989$615$369$215$123$23
42 years$955$586$346$198$111$20
43 years$922$558$324$183$101$17
44 years$891$532$305$169$92$15
45 years$861$507$286$156$83$13
46 years$833$484$269$144$76$11
47 years$806$462$252$133$69$9
48 years$780$441$237$123$62$8
49 years$756$421$223$114$57$7
50 years$732$402$210$105$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $750,000, adding $6,172 every year, while hoping to spend $45,771 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: 53/22/25 Blend
62$750,000$750,000$750,000$750,000
63$832,866$793,116$781,491$870,931
64$869,119$783,279$758,971$888,047
65$907,535$771,426$734,163$901,452
66$948,287$757,409$706,941$915,101
67$991,564$741,074$677,175$929,036
68$1,037,571$722,254$644,728$943,304
69$1,086,534$700,776$609,457$957,958
70$1,138,700$676,453$571,214$973,063
71$1,194,340$649,091$529,841$988,691
72$1,253,748$618,483$485,177$1,004,925
73$1,317,250$584,408$437,050$1,021,860
74$1,385,202$546,636$385,283$1,039,603
75$1,457,993$504,921$329,690$1,058,280
76$1,536,050$459,005$270,077$1,078,029
77$1,619,844$408,612$206,241$1,099,009
78$1,709,889$353,455$137,971$1,121,400
79$1,806,750$293,227$65,046$1,145,405
80$1,911,048$227,605$0$1,171,252
81$2,023,465$156,248$0$1,202,606
82$2,144,750$78,795$0$1,255,088
83$2,275,724$0$0$1,311,720
84$2,417,293$0$0$1,374,179
85$2,570,449$0$0$1,462,444
86$2,736,285$0$0$1,558,079
87$2,916,001$0$0$1,661,781
88$3,110,917$0$0$1,774,322
89$3,322,486$0$0$1,896,547
90$3,552,303$0$0$2,029,389
91$3,802,126$0$0$2,173,872
92$4,073,887$0$0$2,331,122
93$4,369,712$0$0$2,502,381
94$4,691,940$0$0$2,689,013
95$5,043,146$0$0$2,892,520
96$5,426,162$0$0$3,114,556
97$5,844,107$0$0$3,356,940
98$6,300,414$0$0$3,621,675
99$6,798,861$0$0$3,910,966
100$7,343,607$0$0$4,227,241