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%16.1%
1 years$62,265$61,710$61,169$60,641$60,125$58,624
2 years$30,824$30,250$29,694$29,154$28,631$27,128
3 years$20,345$19,769$19,214$18,679$18,165$16,707
4 years$15,107$14,532$13,983$13,457$12,955$11,554
5 years$11,965$11,393$10,851$10,337$9,848$8,508
6 years$9,871$9,304$8,769$8,266$7,793$6,514
7 years$8,375$7,813$7,287$6,796$6,338$5,120
8 years$7,254$6,697$6,180$5,701$5,258$4,102
9 years$6,383$5,831$5,323$4,856$4,428$3,332
10 years$5,686$5,140$4,641$4,186$3,773$2,736
11 years$5,117$4,576$4,086$3,643$3,245$2,266
12 years$4,642$4,107$3,626$3,195$2,812$1,889
13 years$4,241$3,711$3,240$2,821$2,452$1,583
14 years$3,898$3,374$2,911$2,504$2,149$1,332
15 years$3,600$3,082$2,628$2,233$1,892$1,125
16 years$3,341$2,828$2,383$2,000$1,672$954
17 years$3,111$2,604$2,168$1,797$1,483$810
18 years$2,908$2,406$1,979$1,619$1,319$690
19 years$2,726$2,230$1,812$1,463$1,175$588
20 years$2,563$2,072$1,663$1,325$1,050$502
21 years$2,415$1,930$1,530$1,203$939$429
22 years$2,281$1,802$1,410$1,093$842$367
23 years$2,159$1,685$1,302$996$756$315
24 years$2,047$1,579$1,204$908$679$270
25 years$1,944$1,482$1,115$829$611$232
26 years$1,849$1,393$1,034$758$551$199
27 years$1,762$1,311$960$694$496$171
28 years$1,681$1,235$893$636$448$147
29 years$1,605$1,165$831$583$405$126
30 years$1,535$1,100$774$535$366$108
31 years$1,469$1,040$721$492$330$93
32 years$1,408$984$673$452$299$80
33 years$1,350$932$628$415$271$69
34 years$1,296$883$587$382$245$59
35 years$1,245$838$549$352$222$51
36 years$1,198$795$514$324$201$44
37 years$1,152$755$481$299$182$38
38 years$1,110$718$450$275$165$33
39 years$1,069$683$422$254$150$28
40 years$1,031$649$395$234$136$24
41 years$994$618$371$216$123$21
42 years$960$589$348$199$112$18
43 years$927$561$326$184$101$15
44 years$896$535$306$170$92$13
45 years$866$510$288$157$84$11
46 years$838$486$270$145$76$10
47 years$811$464$254$134$69$8
48 years$785$443$238$124$63$7
49 years$760$423$224$114$57$6
50 years$736$404$211$106$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $754,000, adding $5,203 every year, while hoping to spend $34,277 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: 76/17/7 Blend
62$754,000$754,000$754,000$754,000
63$836,275$796,313$784,626$898,694
64$885,104$798,862$774,440$942,997
65$937,766$800,387$762,765$986,631
66$994,614$800,801$749,513$1,033,462
67$1,056,038$800,014$734,595$1,083,794
68$1,122,466$797,927$717,917$1,137,961
69$1,194,370$794,438$699,379$1,196,333
70$1,272,266$789,436$678,879$1,259,316
71$1,356,723$782,805$656,308$1,327,358
72$1,448,369$774,421$631,553$1,400,952
73$1,547,889$764,155$604,497$1,480,644
74$1,656,042$751,867$575,016$1,567,034
75$1,773,660$737,410$542,981$1,660,784
76$1,901,659$720,629$508,257$1,762,624
77$2,041,048$701,359$470,702$1,873,358
78$2,192,934$679,425$430,171$1,993,874
79$2,358,540$654,643$386,508$2,125,150
80$2,539,208$626,818$339,553$2,268,266
81$2,736,417$595,742$289,138$2,424,410
82$2,951,795$561,197$235,087$2,594,894
83$3,187,134$522,951$177,219$2,781,165
84$3,444,407$480,761$115,340$2,984,819
85$3,725,785$434,367$49,253$3,207,613
86$4,033,660$383,496$0$3,451,486
87$4,370,666$327,860$0$3,720,167
88$4,739,702$267,153$0$4,018,453
89$5,143,961$201,053$0$4,345,279
90$5,586,961$129,220$0$4,703,530
91$6,072,573$51,294$0$5,096,384
92$6,605,063$0$0$5,527,346
93$7,189,130$0$0$6,006,474
94$7,829,947$0$0$6,542,712
95$8,533,215$0$0$7,131,240
96$9,305,212$0$0$7,777,314
97$10,152,853$0$0$8,486,727
98$11,083,756$0$0$9,265,858
99$12,106,314$0$0$10,121,735
100$13,229,771$0$0$11,062,100