Can I retire at age 63 with 752,000?

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 $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%11.6%
1 years$62,099$61,546$61,007$60,480$59,966$59,563
2 years$30,742$30,170$29,615$29,077$28,555$28,149
3 years$20,291$19,716$19,163$18,630$18,116$17,719
4 years$15,067$14,494$13,946$13,422$12,921$12,536
5 years$11,933$11,363$10,822$10,309$9,822$9,451
6 years$9,844$9,279$8,746$8,244$7,772$7,414
7 years$8,353$7,792$7,268$6,778$6,321$5,977
8 years$7,235$6,679$6,164$5,686$5,244$4,914
9 years$6,366$5,816$5,309$4,843$4,416$4,100
10 years$5,671$5,126$4,628$4,175$3,763$3,460
11 years$5,103$4,564$4,075$3,633$3,236$2,947
12 years$4,630$4,096$3,616$3,187$2,804$2,529
13 years$4,230$3,702$3,231$2,814$2,445$2,183
14 years$3,888$3,365$2,903$2,498$2,144$1,894
15 years$3,591$3,074$2,621$2,227$1,887$1,650
16 years$3,332$2,820$2,376$1,994$1,668$1,443
17 years$3,103$2,597$2,162$1,792$1,479$1,265
18 years$2,900$2,400$1,974$1,615$1,315$1,113
19 years$2,719$2,224$1,807$1,459$1,172$980
20 years$2,556$2,067$1,658$1,322$1,047$866
21 years$2,409$1,925$1,525$1,199$937$766
22 years$2,275$1,797$1,406$1,091$840$678
23 years$2,153$1,681$1,298$993$754$602
24 years$2,041$1,575$1,201$906$678$534
25 years$1,939$1,478$1,112$827$610$475
26 years$1,844$1,389$1,031$756$549$423
27 years$1,757$1,307$958$692$495$376
28 years$1,676$1,232$890$634$447$335
29 years$1,601$1,162$828$582$403$299
30 years$1,531$1,097$772$534$365$267
31 years$1,465$1,037$719$490$330$238
32 years$1,404$982$671$451$298$212
33 years$1,347$930$627$414$270$190
34 years$1,293$881$586$381$244$170
35 years$1,242$836$547$351$221$152
36 years$1,194$793$512$323$200$136
37 years$1,149$753$479$298$182$121
38 years$1,107$716$449$275$165$108
39 years$1,066$681$421$253$149$97
40 years$1,028$648$394$233$135$87
41 years$992$617$370$215$123$78
42 years$957$587$347$199$112$69
43 years$925$559$325$184$101$62
44 years$893$533$305$169$92$56
45 years$864$509$287$156$83$50
46 years$835$485$269$145$76$45
47 years$808$463$253$134$69$40
48 years$783$442$238$123$62$36
49 years$758$422$224$114$57$32
50 years$734$403$210$105$52$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $752,000, adding $6,093 every year, while hoping to spend $32,337 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: 73/11/16 Blend
62$752,000$752,000$752,000$752,000
63$834,989$795,133$783,477$892,486
64$885,751$799,688$775,317$935,966
65$940,608$803,383$765,800$979,041
66$999,942$806,140$754,846$1,025,375
67$1,064,175$807,880$742,372$1,075,284
68$1,133,770$808,516$728,291$1,129,116
69$1,209,237$807,955$712,511$1,187,257
70$1,291,136$806,102$694,937$1,250,129
71$1,380,083$802,852$675,469$1,318,201
72$1,476,756$798,097$654,002$1,391,987
73$1,581,901$791,719$630,427$1,472,056
74$1,696,338$783,596$604,629$1,559,034
75$1,820,969$773,597$576,489$1,653,615
76$1,956,789$761,584$545,882$1,756,558
77$2,104,890$747,410$512,677$1,868,707
78$2,266,475$730,919$476,738$1,990,988
79$2,442,868$711,948$437,922$2,124,425
80$2,635,528$690,320$396,080$2,270,144
81$2,846,059$665,853$351,056$2,429,391
82$3,076,228$638,351$302,687$2,603,538
83$3,327,980$607,607$250,804$2,794,097
84$3,603,457$573,403$195,229$3,002,737
85$3,905,018$535,508$135,777$3,231,298
86$4,235,259$493,677$72,255$3,481,810
87$4,597,040$447,652$4,460$3,756,510
88$4,993,511$397,160$0$4,057,866
89$5,428,141$341,912$0$4,400,188
90$5,904,750$281,604$0$4,776,453
91$6,427,545$215,914$0$5,189,246
92$7,001,162$144,501$0$5,642,257
93$7,630,705$67,005$0$6,139,550
94$8,321,797$0$0$6,685,604
95$9,080,632$0$0$7,287,409
96$9,914,034$0$0$7,957,293
97$10,829,519$0$0$8,693,192
98$11,835,367$0$0$9,501,767
99$12,940,701$0$0$10,390,356
100$14,155,570$0$0$11,367,042