Can I retire at age 63 with 754,000?

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 $754,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$62,265$61,710$61,169$60,641$60,125$58,154
2 years$30,824$30,250$29,694$29,154$28,631$26,664
3 years$20,345$19,769$19,214$18,679$18,165$16,263
4 years$15,107$14,532$13,983$13,457$12,955$11,134
5 years$11,965$11,393$10,851$10,337$9,848$8,113
6 years$9,871$9,304$8,769$8,266$7,793$6,144
7 years$8,375$7,813$7,287$6,796$6,338$4,775
8 years$7,254$6,697$6,180$5,701$5,258$3,780
9 years$6,383$5,831$5,323$4,856$4,428$3,034
10 years$5,686$5,140$4,641$4,186$3,773$2,460
11 years$5,117$4,576$4,086$3,643$3,245$2,011
12 years$4,642$4,107$3,626$3,195$2,812$1,654
13 years$4,241$3,711$3,240$2,821$2,452$1,368
14 years$3,898$3,374$2,911$2,504$2,149$1,136
15 years$3,600$3,082$2,628$2,233$1,892$946
16 years$3,341$2,828$2,383$2,000$1,672$790
17 years$3,111$2,604$2,168$1,797$1,483$661
18 years$2,908$2,406$1,979$1,619$1,319$555
19 years$2,726$2,230$1,812$1,463$1,175$466
20 years$2,563$2,072$1,663$1,325$1,050$392
21 years$2,415$1,930$1,530$1,203$939$330
22 years$2,281$1,802$1,410$1,093$842$278
23 years$2,159$1,685$1,302$996$756$234
24 years$2,047$1,579$1,204$908$679$198
25 years$1,944$1,482$1,115$829$611$167
26 years$1,849$1,393$1,034$758$551$141
27 years$1,762$1,311$960$694$496$119
28 years$1,681$1,235$893$636$448$101
29 years$1,605$1,165$831$583$405$85
30 years$1,535$1,100$774$535$366$72
31 years$1,469$1,040$721$492$330$61
32 years$1,408$984$673$452$299$52
33 years$1,350$932$628$415$271$44
34 years$1,296$883$587$382$245$37
35 years$1,245$838$549$352$222$31
36 years$1,198$795$514$324$201$26
37 years$1,152$755$481$299$182$22
38 years$1,110$718$450$275$165$19
39 years$1,069$683$422$254$150$16
40 years$1,031$649$395$234$136$14
41 years$994$618$371$216$123$11
42 years$960$589$348$199$112$10
43 years$927$561$326$184$101$8
44 years$896$535$306$170$92$7
45 years$866$510$288$157$84$6
46 years$838$486$270$145$76$5
47 years$811$464$254$134$69$4
48 years$785$443$238$124$63$4
49 years$760$423$224$114$57$3
50 years$736$404$211$106$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $754,000, adding $6,605 every year, while hoping to spend $28,238 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: 29/49/22 Blend
62$754,000$754,000$754,000$754,000
63$837,721$797,759$786,072$856,089
64$893,124$806,804$782,360$879,847
65$953,231$815,346$777,578$902,417
66$1,018,493$823,331$771,659$926,091
67$1,089,404$830,699$764,535$950,982
68$1,166,510$837,390$756,134$977,216
69$1,250,409$843,337$746,380$1,004,933
70$1,341,761$848,471$735,193$1,034,290
71$1,441,291$852,716$722,492$1,065,461
72$1,549,797$855,993$708,190$1,098,642
73$1,668,157$858,218$692,196$1,134,048
74$1,797,340$859,301$674,414$1,171,922
75$1,938,408$859,146$654,747$1,212,532
76$2,092,534$857,653$633,089$1,256,177
77$2,261,007$854,713$609,333$1,303,189
78$2,445,249$850,213$583,364$1,353,938
79$2,646,822$844,031$555,065$1,408,833
80$2,867,449$836,040$524,310$1,468,333
81$3,109,025$826,102$490,971$1,532,942
82$3,373,638$814,074$454,911$1,603,223
83$3,663,588$799,802$415,990$1,679,801
84$3,981,407$783,125$374,058$1,763,368
85$4,329,883$763,871$328,962$1,854,691
86$4,712,089$741,859$280,540$1,954,622
87$5,131,408$716,895$228,624$2,064,106
88$5,591,565$688,777$173,036$2,184,189
89$6,096,666$657,288$113,595$2,316,030
90$6,651,233$622,202$50,107$2,460,914
91$7,260,246$583,277$0$2,620,263
92$7,929,191$540,258$0$2,799,794
93$8,664,114$492,875$0$3,009,930
94$9,471,672$440,845$0$3,240,878
95$10,359,201$383,865$0$3,494,827
96$11,334,783$321,618$0$3,774,196
97$12,407,321$253,767$0$4,081,657
98$13,586,624$179,959$0$4,420,162
99$14,883,500$99,816$0$4,792,972
100$16,309,854$12,945$0$5,203,687