Can I retire at age 63 with 751,000?

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 $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%12.3%
1 years$62,017$61,464$60,926$60,399$59,886$59,310
2 years$30,701$30,130$29,575$29,038$28,517$27,937
3 years$20,264$19,690$19,137$18,605$18,092$17,526
4 years$15,047$14,474$13,927$13,404$12,904$12,355
5 years$11,917$11,348$10,808$10,295$9,809$9,280
6 years$9,831$9,266$8,734$8,233$7,762$7,253
7 years$8,342$7,782$7,258$6,769$6,312$5,825
8 years$7,226$6,671$6,156$5,678$5,237$4,770
9 years$6,358$5,808$5,302$4,837$4,410$3,963
10 years$5,664$5,119$4,622$4,169$3,758$3,331
11 years$5,096$4,558$4,069$3,629$3,232$2,825
12 years$4,624$4,091$3,611$3,183$2,800$2,413
13 years$4,224$3,697$3,227$2,810$2,442$2,074
14 years$3,882$3,360$2,899$2,494$2,141$1,791
15 years$3,586$3,070$2,618$2,224$1,885$1,553
16 years$3,327$2,816$2,373$1,992$1,666$1,351
17 years$3,099$2,594$2,159$1,790$1,477$1,179
18 years$2,896$2,397$1,971$1,613$1,313$1,032
19 years$2,715$2,221$1,805$1,457$1,171$905
20 years$2,552$2,064$1,656$1,320$1,046$795
21 years$2,405$1,923$1,523$1,198$936$700
22 years$2,272$1,795$1,404$1,089$839$616
23 years$2,150$1,679$1,296$992$753$544
24 years$2,039$1,573$1,199$905$677$480
25 years$1,936$1,476$1,110$826$609$425
26 years$1,842$1,387$1,030$755$548$376
27 years$1,755$1,305$956$691$495$333
28 years$1,674$1,230$889$634$446$295
29 years$1,599$1,160$827$581$403$261
30 years$1,529$1,096$771$533$364$232
31 years$1,463$1,036$718$490$329$206
32 years$1,402$980$670$450$298$183
33 years$1,345$928$626$414$269$162
34 years$1,291$880$585$381$244$144
35 years$1,240$835$547$351$221$128
36 years$1,193$792$511$323$200$114
37 years$1,148$752$479$297$181$101
38 years$1,105$715$448$274$165$90
39 years$1,065$680$420$253$149$80
40 years$1,027$647$394$233$135$71
41 years$991$616$369$215$123$63
42 years$956$586$346$199$111$56
43 years$923$559$325$183$101$50
44 years$892$533$305$169$92$45
45 years$863$508$286$156$83$40
46 years$834$484$269$144$76$35
47 years$807$462$253$133$69$31
48 years$782$441$237$123$62$28
49 years$757$421$223$114$57$25
50 years$733$403$210$105$51$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $751,000, adding $3,095 every year, while hoping to spend $53,902 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: 27/43/30 Blend
62$751,000$751,000$751,000$751,000
63$830,794$790,991$779,351$845,438
64$858,184$772,399$748,108$839,065
65$886,561$751,088$714,012$827,430
66$915,969$726,870$676,910$813,862
67$946,454$699,544$636,643$798,234
68$978,066$668,895$593,044$780,414
69$1,010,858$634,699$545,940$760,262
70$1,044,884$596,719$495,147$737,629
71$1,080,205$554,701$440,478$712,363
72$1,116,885$508,379$381,732$684,300
73$1,154,990$457,473$318,703$653,269
74$1,194,594$401,684$251,175$619,091
75$1,235,774$340,698$178,920$581,577
76$1,278,613$274,182$101,704$540,528
77$1,323,200$201,786$19,281$495,738
78$1,369,632$123,139$0$446,986
79$1,418,012$37,850$0$416,030
80$1,468,449$0$0$388,660
81$1,521,063$0$0$384,321
82$1,575,983$0$0$398,512
83$1,633,348$0$0$413,362
84$1,693,308$0$0$428,915
85$1,756,024$0$0$445,216
86$1,821,673$0$0$462,315
87$1,890,443$0$0$480,266
88$1,962,541$0$0$499,128
89$2,038,190$0$0$518,966
90$2,117,633$0$0$539,847
91$2,201,132$0$0$561,850
92$2,288,975$0$0$585,054
93$2,381,472$0$0$609,552
94$2,478,964$0$0$635,440
95$2,581,819$0$0$662,826
96$2,690,440$0$0$691,826
97$2,805,267$0$0$722,568
98$2,926,778$0$0$755,191
99$3,055,498$0$0$789,847
100$3,191,999$0$0$826,704