Can I retire at age 63 with 756,000?

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 $756,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$62,430$61,874$61,331$60,802$60,285$58,542
2 years$30,906$30,330$29,772$29,232$28,707$26,966
3 years$20,399$19,821$19,265$18,729$18,213$16,527
4 years$15,147$14,571$14,020$13,493$12,990$11,372
5 years$11,996$11,424$10,880$10,364$9,874$8,330
6 years$9,897$9,328$8,793$8,288$7,813$6,343
7 years$8,398$7,834$7,307$6,814$6,354$4,958
8 years$7,274$6,715$6,197$5,716$5,272$3,948
9 years$6,400$5,847$5,337$4,869$4,439$3,188
10 years$5,701$5,154$4,653$4,197$3,783$2,602
11 years$5,130$4,588$4,096$3,653$3,253$2,140
12 years$4,655$4,118$3,636$3,204$2,819$1,772
13 years$4,253$3,721$3,248$2,829$2,458$1,475
14 years$3,908$3,383$2,918$2,511$2,155$1,233
15 years$3,610$3,090$2,635$2,239$1,897$1,035
16 years$3,349$2,835$2,389$2,005$1,677$871
17 years$3,120$2,611$2,174$1,802$1,487$734
18 years$2,916$2,413$1,984$1,624$1,322$620
19 years$2,733$2,236$1,817$1,467$1,178$525
20 years$2,569$2,078$1,667$1,329$1,053$445
21 years$2,421$1,935$1,534$1,206$942$377
22 years$2,287$1,807$1,413$1,096$844$321
23 years$2,164$1,690$1,305$998$758$272
24 years$2,052$1,583$1,207$911$681$232
25 years$1,949$1,486$1,118$832$613$197
26 years$1,854$1,396$1,037$760$552$168
27 years$1,766$1,314$963$696$498$143
28 years$1,685$1,238$895$638$449$122
29 years$1,609$1,168$833$585$406$104
30 years$1,539$1,103$776$537$366$89
31 years$1,473$1,043$723$493$331$76
32 years$1,412$987$675$453$300$64
33 years$1,354$935$630$417$271$55
34 years$1,300$886$589$383$246$47
35 years$1,249$840$550$353$222$40
36 years$1,201$797$515$325$202$34
37 years$1,155$757$482$299$183$29
38 years$1,113$720$451$276$166$25
39 years$1,072$684$423$254$150$21
40 years$1,034$651$396$235$136$18
41 years$997$620$372$217$124$15
42 years$962$590$349$200$112$13
43 years$930$562$327$184$102$11
44 years$898$536$307$170$92$10
45 years$868$511$288$157$84$8
46 years$840$488$271$145$76$7
47 years$813$465$254$134$69$6
48 years$787$444$239$124$63$5
49 years$762$424$225$115$57$4
50 years$738$405$211$106$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $756,000, adding $5,514 every year, while hoping to spend $47,878 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: 59/17/24 Blend
62$756,000$756,000$756,000$756,000
63$838,800$798,732$787,014$882,584
64$873,415$786,928$762,437$901,224
65$909,957$772,941$735,432$915,914
66$948,571$756,613$705,867$930,901
67$989,416$737,778$673,605$946,228
68$1,032,667$716,259$638,500$961,938
69$1,078,512$691,869$600,403$978,086
70$1,127,160$664,410$559,156$994,731
71$1,178,836$633,672$514,594$1,011,944
72$1,233,790$599,435$466,546$1,029,803
73$1,292,293$561,464$414,832$1,048,399
74$1,354,642$519,510$359,263$1,067,835
75$1,421,162$473,313$299,645$1,088,226
76$1,492,210$422,595$235,773$1,109,706
77$1,568,177$367,064$167,433$1,132,422
78$1,649,491$306,410$94,402$1,156,544
79$1,736,622$240,307$16,447$1,182,260
80$1,830,085$168,409$0$1,209,785
81$1,930,446$90,353$0$1,256,449
82$2,038,325$5,754$0$1,311,037
83$2,154,403$0$0$1,369,702
84$2,279,428$0$0$1,448,902
85$2,414,222$0$0$1,535,499
86$2,559,687$0$0$1,629,001
87$2,716,815$0$0$1,730,052
88$2,886,696$0$0$1,839,359
89$3,070,526$0$0$1,957,700
90$3,269,623$0$0$2,085,930
91$3,485,433$0$0$2,224,988
92$3,719,549$0$0$2,375,909
93$3,973,720$0$0$2,539,828
94$4,249,873$0$0$2,717,997
95$4,550,124$0$0$2,911,791
96$4,876,804$0$0$3,122,724
97$5,232,476$0$0$3,352,460
98$5,619,962$0$0$3,602,833
99$6,042,364$0$0$3,875,860
100$6,503,101$0$0$4,173,759