Can I retire at age 63 with 755,000?

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 $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$62,347$61,792$61,250$60,721$60,205$58,630
2 years$30,865$30,290$29,733$29,193$28,669$27,094
3 years$20,372$19,795$19,239$18,704$18,189$16,662
4 years$15,127$14,551$14,001$13,475$12,972$11,505
5 years$11,981$11,408$10,866$10,350$9,861$8,458
6 years$9,884$9,316$8,781$8,277$7,803$6,465
7 years$8,386$7,823$7,297$6,805$6,346$5,074
8 years$7,264$6,706$6,188$5,709$5,265$4,057
9 years$6,392$5,839$5,330$4,863$4,434$3,290
10 years$5,694$5,147$4,647$4,192$3,778$2,696
11 years$5,124$4,582$4,091$3,648$3,249$2,228
12 years$4,649$4,112$3,631$3,200$2,815$1,854
13 years$4,247$3,716$3,244$2,825$2,455$1,551
14 years$3,903$3,378$2,915$2,508$2,152$1,303
15 years$3,605$3,086$2,631$2,236$1,895$1,098
16 years$3,345$2,831$2,386$2,002$1,675$928
17 years$3,115$2,608$2,171$1,799$1,485$787
18 years$2,912$2,409$1,982$1,621$1,320$668
19 years$2,730$2,233$1,814$1,465$1,177$569
20 years$2,566$2,075$1,665$1,327$1,051$484
21 years$2,418$1,933$1,532$1,204$941$413
22 years$2,284$1,804$1,412$1,095$843$353
23 years$2,161$1,687$1,303$997$757$302
24 years$2,049$1,581$1,205$909$680$258
25 years$1,947$1,484$1,116$831$612$221
26 years$1,852$1,394$1,035$759$551$189
27 years$1,764$1,312$961$695$497$162
28 years$1,683$1,237$894$637$449$139
29 years$1,607$1,167$832$584$405$119
30 years$1,537$1,102$775$536$366$102
31 years$1,471$1,042$722$492$331$88
32 years$1,410$985$674$452$299$75
33 years$1,352$933$629$416$271$64
34 years$1,298$885$588$383$245$55
35 years$1,247$839$550$352$222$48
36 years$1,199$796$514$325$201$41
37 years$1,154$756$481$299$182$35
38 years$1,111$719$451$276$165$30
39 years$1,071$683$422$254$150$26
40 years$1,032$650$396$234$136$22
41 years$996$619$371$216$123$19
42 years$961$590$348$200$112$16
43 years$928$562$327$184$102$14
44 years$897$535$307$170$92$12
45 years$867$511$288$157$84$10
46 years$839$487$270$145$76$9
47 years$812$465$254$134$69$8
48 years$786$444$239$124$63$7
49 years$761$424$224$114$57$6
50 years$737$405$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 $755,000, adding $4,846 every year, while hoping to spend $31,070 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: 51/41/8 Blend
62$755,000$755,000$755,000$755,000
63$837,009$796,994$785,291$877,749
64$889,325$802,988$778,540$912,018
65$945,937$808,235$770,522$945,506
66$1,007,249$812,665$761,160$981,176
67$1,073,706$816,204$750,378$1,019,240
68$1,145,800$818,773$738,091$1,059,933
69$1,224,068$820,290$724,213$1,103,514
70$1,309,104$820,664$708,655$1,150,272
71$1,401,558$819,803$691,321$1,200,523
72$1,502,150$817,606$672,113$1,254,621
73$1,611,667$813,966$650,927$1,312,955
74$1,730,978$808,772$627,654$1,375,955
75$1,861,039$801,903$602,182$1,444,098
76$2,002,902$793,233$574,391$1,517,910
77$2,157,723$782,627$544,159$1,597,975
78$2,326,779$769,943$511,355$1,684,936
79$2,511,470$755,030$475,846$1,779,507
80$2,713,341$737,728$437,488$1,882,474
81$2,934,093$717,868$396,135$1,994,708
82$3,175,597$695,270$351,632$2,117,172
83$3,439,915$669,745$303,819$2,250,929
84$3,729,317$641,093$252,527$2,397,154
85$4,046,300$609,100$197,580$2,557,147
86$4,393,619$573,542$138,795$2,732,344
87$4,774,304$534,181$75,981$2,924,328
88$5,191,694$490,767$8,937$3,134,854
89$5,649,466$443,034$0$3,365,854
90$6,151,669$390,700$0$3,624,813
91$6,702,765$333,470$0$3,909,907
92$7,307,666$271,029$0$4,223,000
93$7,971,786$203,048$0$4,566,991
94$8,701,087$129,175$0$4,945,081
95$9,502,136$49,043$0$5,360,801
96$10,382,168$0$0$5,818,051
97$11,349,154$0$0$6,338,160
98$12,411,875$0$0$6,934,161
99$13,580,004$0$0$7,589,363
100$14,864,199$0$0$8,309,756