Can I retire at age 63 with 752,000?

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 $752,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$62,099$61,546$61,007$60,480$59,966$59,045
2 years$30,742$30,170$29,615$29,077$28,555$27,630
3 years$20,291$19,716$19,163$18,630$18,116$17,215
4 years$15,067$14,494$13,946$13,422$12,921$12,051
5 years$11,933$11,363$10,822$10,309$9,822$8,986
6 years$9,844$9,279$8,746$8,244$7,772$6,970
7 years$8,353$7,792$7,268$6,778$6,321$5,554
8 years$7,235$6,679$6,164$5,686$5,244$4,511
9 years$6,366$5,816$5,309$4,843$4,416$3,718
10 years$5,671$5,126$4,628$4,175$3,763$3,098
11 years$5,103$4,564$4,075$3,633$3,236$2,605
12 years$4,630$4,096$3,616$3,187$2,804$2,205
13 years$4,230$3,702$3,231$2,814$2,445$1,878
14 years$3,888$3,365$2,903$2,498$2,144$1,607
15 years$3,591$3,074$2,621$2,227$1,887$1,380
16 years$3,332$2,820$2,376$1,994$1,668$1,189
17 years$3,103$2,597$2,162$1,792$1,479$1,028
18 years$2,900$2,400$1,974$1,615$1,315$890
19 years$2,719$2,224$1,807$1,459$1,172$773
20 years$2,556$2,067$1,658$1,322$1,047$672
21 years$2,409$1,925$1,525$1,199$937$585
22 years$2,275$1,797$1,406$1,091$840$510
23 years$2,153$1,681$1,298$993$754$445
24 years$2,041$1,575$1,201$906$678$389
25 years$1,939$1,478$1,112$827$610$340
26 years$1,844$1,389$1,031$756$549$298
27 years$1,757$1,307$958$692$495$261
28 years$1,676$1,232$890$634$447$228
29 years$1,601$1,162$828$582$403$200
30 years$1,531$1,097$772$534$365$176
31 years$1,465$1,037$719$490$330$154
32 years$1,404$982$671$451$298$135
33 years$1,347$930$627$414$270$119
34 years$1,293$881$586$381$244$104
35 years$1,242$836$547$351$221$91
36 years$1,194$793$512$323$200$80
37 years$1,149$753$479$298$182$71
38 years$1,107$716$449$275$165$62
39 years$1,066$681$421$253$149$54
40 years$1,028$648$394$233$135$48
41 years$992$617$370$215$123$42
42 years$957$587$347$199$112$37
43 years$925$559$325$184$101$33
44 years$893$533$305$169$92$29
45 years$864$509$287$156$83$25
46 years$835$485$269$145$76$22
47 years$808$463$253$134$69$19
48 years$783$442$238$123$62$17
49 years$758$422$224$114$57$15
50 years$734$403$210$105$52$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $752,000, adding $2,667 every year, while hoping to spend $35,698 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: 53/21/26 Blend
62$752,000$752,000$752,000$752,000
63$831,455$791,599$779,943$869,378
64$878,281$792,405$768,089$896,696
65$928,687$792,054$754,641$922,532
66$983,000$790,452$739,508$949,925
67$1,041,580$787,498$722,596$979,037
68$1,104,822$783,086$703,804$1,010,049
69$1,173,160$777,104$683,028$1,043,161
70$1,247,072$769,431$660,158$1,078,597
71$1,327,081$759,941$635,082$1,116,603
72$1,413,765$748,500$607,679$1,157,457
73$1,507,758$734,965$577,824$1,201,462
74$1,609,756$719,185$545,388$1,248,958
75$1,720,526$701,000$510,233$1,300,321
76$1,840,911$680,241$472,218$1,355,969
77$1,971,841$656,729$431,194$1,416,363
78$2,114,334$630,275$387,005$1,482,017
79$2,269,515$600,677$339,488$1,553,499
80$2,438,619$567,724$288,475$1,631,438
81$2,623,007$531,190$233,787$1,716,532
82$2,824,175$490,840$175,240$1,809,553
83$3,043,771$446,422$112,641$1,911,357
84$3,283,609$397,670$45,788$2,022,891
85$3,545,686$344,305$0$2,145,203
86$3,832,200$286,030$0$2,286,542
87$4,145,572$222,532$0$2,455,119
88$4,488,465$153,481$0$2,639,700
89$4,863,815$78,529$0$2,841,923
90$5,274,853$0$0$3,063,593
91$5,725,138$0$0$3,307,325
92$6,218,587$0$0$3,594,379
93$6,759,516$0$0$3,909,128
94$7,352,679$0$0$4,254,348
95$8,003,312$0$0$4,633,094
96$8,717,179$0$0$5,048,734
97$9,500,634$0$0$5,504,976
98$10,360,671$0$0$6,005,904
99$11,304,997$0$0$6,556,019
100$12,342,102$0$0$7,160,277