Can I retire at age 63 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$62,017$61,464$60,926$60,399$59,886$58,085
2 years$30,701$30,130$29,575$29,038$28,517$26,718
3 years$20,264$19,690$19,137$18,605$18,092$16,352
4 years$15,047$14,474$13,927$13,404$12,904$11,234
5 years$11,917$11,348$10,808$10,295$9,809$8,216
6 years$9,831$9,266$8,734$8,233$7,762$6,246
7 years$8,342$7,782$7,258$6,769$6,312$4,874
8 years$7,226$6,671$6,156$5,678$5,237$3,874
9 years$6,358$5,808$5,302$4,837$4,410$3,123
10 years$5,664$5,119$4,622$4,169$3,758$2,543
11 years$5,096$4,558$4,069$3,629$3,232$2,089
12 years$4,624$4,091$3,611$3,183$2,800$1,726
13 years$4,224$3,697$3,227$2,810$2,442$1,434
14 years$3,882$3,360$2,899$2,494$2,141$1,196
15 years$3,586$3,070$2,618$2,224$1,885$1,001
16 years$3,327$2,816$2,373$1,992$1,666$841
17 years$3,099$2,594$2,159$1,790$1,477$707
18 years$2,896$2,397$1,971$1,613$1,313$596
19 years$2,715$2,221$1,805$1,457$1,171$504
20 years$2,552$2,064$1,656$1,320$1,046$426
21 years$2,405$1,923$1,523$1,198$936$360
22 years$2,272$1,795$1,404$1,089$839$305
23 years$2,150$1,679$1,296$992$753$259
24 years$2,039$1,573$1,199$905$677$220
25 years$1,936$1,476$1,110$826$609$187
26 years$1,842$1,387$1,030$755$548$158
27 years$1,755$1,305$956$691$495$135
28 years$1,674$1,230$889$634$446$114
29 years$1,599$1,160$827$581$403$97
30 years$1,529$1,096$771$533$364$83
31 years$1,463$1,036$718$490$329$70
32 years$1,402$980$670$450$298$60
33 years$1,345$928$626$414$269$51
34 years$1,291$880$585$381$244$43
35 years$1,240$835$547$351$221$37
36 years$1,193$792$511$323$200$31
37 years$1,148$752$479$297$181$27
38 years$1,105$715$448$274$165$23
39 years$1,065$680$420$253$149$19
40 years$1,027$647$394$233$135$17
41 years$991$616$369$215$123$14
42 years$956$586$346$199$111$12
43 years$923$559$325$183$101$10
44 years$892$533$305$169$92$9
45 years$863$508$286$156$83$7
46 years$834$484$269$144$76$6
47 years$807$462$253$133$69$5
48 years$782$441$237$123$62$5
49 years$757$421$223$114$57$4
50 years$733$403$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 $751,000, adding $2,810 every year, while hoping to spend $48,563 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: 64/16/20 Blend
62$751,000$751,000$751,000$751,000
63$830,501$790,698$779,057$879,246
64$863,541$777,771$753,485$899,449
65$898,324$762,584$725,428$915,762
66$934,976$744,973$694,753$932,450
67$973,634$724,768$661,318$949,551
68$1,014,450$701,786$624,977$967,111
69$1,057,586$675,836$585,576$985,181
70$1,103,221$646,713$542,954$1,003,820
71$1,151,550$614,203$496,944$1,023,096
72$1,202,787$578,078$447,370$1,043,083
73$1,257,164$538,096$394,050$1,063,869
74$1,314,936$494,004$336,792$1,085,550
75$1,376,381$445,532$275,396$1,108,237
76$1,441,804$392,395$209,654$1,132,054
77$1,511,539$334,293$139,348$1,157,141
78$1,585,950$270,908$64,251$1,183,656
79$1,665,440$201,905$0$1,211,775
80$1,750,445$126,929$0$1,245,089
81$1,841,447$45,605$0$1,295,283
82$1,938,974$0$0$1,348,936
83$2,043,605$0$0$1,413,862
84$2,155,974$0$0$1,492,249
85$2,276,777$0$0$1,576,557
86$2,406,781$0$0$1,667,326
87$2,546,825$0$0$1,765,148
88$2,697,833$0$0$1,870,671
89$2,860,816$0$0$1,984,610
90$3,036,890$0$0$2,107,750
91$3,227,278$0$0$2,240,952
92$3,433,325$0$0$2,385,165
93$3,656,510$0$0$2,541,430
94$3,898,459$0$0$2,710,892
95$4,160,960$0$0$2,894,813
96$4,445,979$0$0$3,094,576
97$4,755,679$0$0$3,311,707
98$5,092,438$0$0$3,547,882
99$5,458,876$0$0$3,804,946
100$5,857,870$0$0$4,084,929