Can I retire at age 63 with 754,000?

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 $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%13.9%
1 years$62,265$61,710$61,169$60,641$60,125$59,153
2 years$30,824$30,250$29,694$29,154$28,631$27,655
3 years$20,345$19,769$19,214$18,679$18,165$17,214
4 years$15,107$14,532$13,983$13,457$12,955$12,038
5 years$11,965$11,393$10,851$10,337$9,848$8,967
6 years$9,871$9,304$8,769$8,266$7,793$6,948
7 years$8,375$7,813$7,287$6,796$6,338$5,530
8 years$7,254$6,697$6,180$5,701$5,258$4,487
9 years$6,383$5,831$5,323$4,856$4,428$3,693
10 years$5,686$5,140$4,641$4,186$3,773$3,074
11 years$5,117$4,576$4,086$3,643$3,245$2,581
12 years$4,642$4,107$3,626$3,195$2,812$2,182
13 years$4,241$3,711$3,240$2,821$2,452$1,856
14 years$3,898$3,374$2,911$2,504$2,149$1,586
15 years$3,600$3,082$2,628$2,233$1,892$1,360
16 years$3,341$2,828$2,383$2,000$1,672$1,171
17 years$3,111$2,604$2,168$1,797$1,483$1,010
18 years$2,908$2,406$1,979$1,619$1,319$874
19 years$2,726$2,230$1,812$1,463$1,175$757
20 years$2,563$2,072$1,663$1,325$1,050$658
21 years$2,415$1,930$1,530$1,203$939$572
22 years$2,281$1,802$1,410$1,093$842$498
23 years$2,159$1,685$1,302$996$756$434
24 years$2,047$1,579$1,204$908$679$378
25 years$1,944$1,482$1,115$829$611$330
26 years$1,849$1,393$1,034$758$551$289
27 years$1,762$1,311$960$694$496$252
28 years$1,681$1,235$893$636$448$221
29 years$1,605$1,165$831$583$405$193
30 years$1,535$1,100$774$535$366$169
31 years$1,469$1,040$721$492$330$148
32 years$1,408$984$673$452$299$130
33 years$1,350$932$628$415$271$114
34 years$1,296$883$587$382$245$100
35 years$1,245$838$549$352$222$87
36 years$1,198$795$514$324$201$77
37 years$1,152$755$481$299$182$67
38 years$1,110$718$450$275$165$59
39 years$1,069$683$422$254$150$52
40 years$1,031$649$395$234$136$45
41 years$994$618$371$216$123$40
42 years$960$589$348$199$112$35
43 years$927$561$326$184$101$31
44 years$896$535$306$170$92$27
45 years$866$510$288$157$84$24
46 years$838$486$270$145$76$21
47 years$811$464$254$134$69$18
48 years$785$443$238$124$63$16
49 years$760$423$224$114$57$14
50 years$736$404$211$106$52$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $754,000, adding $6,129 every year, while hoping to spend $59,201 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: 50/23/27 Blend
62$754,000$754,000$754,000$754,000
63$837,230$797,268$785,581$872,432
64$859,638$773,345$748,909$873,717
65$882,348$746,265$709,023$868,708
66$905,327$715,812$665,756$862,094
67$928,539$681,755$618,927$853,751
68$951,941$643,852$568,352$843,543
69$975,483$601,846$513,837$831,328
70$999,111$555,464$455,178$816,953
71$1,022,758$504,420$392,164$800,253
72$1,046,351$448,409$324,574$781,055
73$1,069,809$387,110$252,177$759,170
74$1,093,036$320,185$174,731$734,397
75$1,115,927$247,275$91,986$706,522
76$1,138,361$168,002$3,678$675,314
77$1,160,205$81,965$0$640,527
78$1,181,308$0$0$627,986
79$1,201,500$0$0$616,991
80$1,220,593$0$0$626,093
81$1,238,374$0$0$634,427
82$1,254,606$0$0$641,862
83$1,269,027$0$0$648,251
84$1,281,342$0$0$653,430
85$1,291,224$0$0$657,218
86$1,298,308$0$0$659,413
87$1,302,189$0$0$659,789
88$1,302,417$0$0$658,096
89$1,298,491$0$0$654,058
90$1,289,856$0$0$647,366
91$1,275,897$0$0$637,679
92$1,255,930$0$0$624,619
93$1,229,198$0$0$607,766
94$1,194,861$0$0$586,657
95$1,151,991$0$0$560,777
96$1,099,560$0$0$529,556
97$1,036,427$0$0$492,367
98$961,333$0$0$448,511
99$872,883$0$0$397,218
100$769,538$0$0$337,637