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%12.2%
1 years$62,430$61,874$61,331$60,802$60,285$59,730
2 years$30,906$30,330$29,772$29,232$28,707$28,148
3 years$20,399$19,821$19,265$18,729$18,213$17,667
4 years$15,147$14,571$14,020$13,493$12,990$12,461
5 years$11,996$11,424$10,880$10,364$9,874$9,365
6 years$9,897$9,328$8,793$8,288$7,813$7,323
7 years$8,398$7,834$7,307$6,814$6,354$5,884
8 years$7,274$6,715$6,197$5,716$5,272$4,821
9 years$6,400$5,847$5,337$4,869$4,439$4,008
10 years$5,701$5,154$4,653$4,197$3,783$3,371
11 years$5,130$4,588$4,096$3,653$3,253$2,860
12 years$4,655$4,118$3,636$3,204$2,819$2,445
13 years$4,253$3,721$3,248$2,829$2,458$2,102
14 years$3,908$3,383$2,918$2,511$2,155$1,817
15 years$3,610$3,090$2,635$2,239$1,897$1,577
16 years$3,349$2,835$2,389$2,005$1,677$1,373
17 years$3,120$2,611$2,174$1,802$1,487$1,199
18 years$2,916$2,413$1,984$1,624$1,322$1,050
19 years$2,733$2,236$1,817$1,467$1,178$921
20 years$2,569$2,078$1,667$1,329$1,053$810
21 years$2,421$1,935$1,534$1,206$942$713
22 years$2,287$1,807$1,413$1,096$844$629
23 years$2,164$1,690$1,305$998$758$555
24 years$2,052$1,583$1,207$911$681$491
25 years$1,949$1,486$1,118$832$613$434
26 years$1,854$1,396$1,037$760$552$385
27 years$1,766$1,314$963$696$498$341
28 years$1,685$1,238$895$638$449$302
29 years$1,609$1,168$833$585$406$268
30 years$1,539$1,103$776$537$366$238
31 years$1,473$1,043$723$493$331$211
32 years$1,412$987$675$453$300$188
33 years$1,354$935$630$417$271$167
34 years$1,300$886$589$383$246$148
35 years$1,249$840$550$353$222$132
36 years$1,201$797$515$325$202$117
37 years$1,155$757$482$299$183$104
38 years$1,113$720$451$276$166$93
39 years$1,072$684$423$254$150$83
40 years$1,034$651$396$235$136$74
41 years$997$620$372$217$124$66
42 years$962$590$349$200$112$58
43 years$930$562$327$184$102$52
44 years$898$536$307$170$92$46
45 years$868$511$288$157$84$41
46 years$840$488$271$145$76$37
47 years$813$465$254$134$69$33
48 years$787$444$239$124$63$29
49 years$762$424$225$115$57$26
50 years$738$405$211$106$52$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $756,000, adding $3,812 every year, while hoping to spend $48,454 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: 50/31/19 Blend
62$756,000$756,000$756,000$756,000
63$837,044$796,976$785,258$874,292
64$870,868$784,473$760,010$887,931
65$906,518$769,734$732,291$897,456
66$944,129$752,597$701,969$906,774
67$983,848$732,893$668,903$915,884
68$1,025,837$710,440$632,948$924,788
69$1,070,270$685,049$593,949$933,489
70$1,117,338$656,518$551,747$941,996
71$1,167,252$624,632$506,176$950,323
72$1,220,239$589,167$457,060$958,487
73$1,276,549$549,882$404,218$966,514
74$1,336,457$506,525$347,458$974,434
75$1,400,260$458,830$286,583$982,286
76$1,468,287$406,513$221,384$990,119
77$1,540,896$349,276$151,644$997,991
78$1,618,482$286,805$77,138$1,005,971
79$1,701,474$218,765$0$1,014,143
80$1,790,345$144,805$0$1,023,085
81$1,885,614$64,554$0$1,049,151
82$1,987,848$0$0$1,076,872
83$2,097,673$0$0$1,114,090
84$2,215,772$0$0$1,177,848
85$2,342,898$0$0$1,246,538
86$2,479,876$0$0$1,320,614
87$2,627,612$0$0$1,400,575
88$2,787,104$0$0$1,486,966
89$2,959,445$0$0$1,580,391
90$3,145,838$0$0$1,681,511
91$3,347,607$0$0$1,791,052
92$3,566,204$0$0$1,909,815
93$3,803,228$0$0$2,038,677
94$4,060,436$0$0$2,178,607
95$4,339,762$0$0$2,330,666
96$4,643,332$0$0$2,496,026
97$4,973,484$0$0$2,675,973
98$5,332,793$0$0$2,871,923
99$5,724,090$0$0$3,085,435
100$6,150,491$0$0$3,318,222