Can I retire at age 63 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$62,512$61,956$61,412$60,882$60,364$58,549
2 years$30,947$30,370$29,812$29,270$28,745$26,932
3 years$20,426$19,847$19,290$18,754$18,237$16,482
4 years$15,167$14,590$14,038$13,511$13,007$11,324
5 years$12,012$11,439$10,894$10,378$9,888$8,281
6 years$9,910$9,341$8,804$8,299$7,824$6,295
7 years$8,409$7,844$7,316$6,823$6,363$4,912
8 years$7,283$6,724$6,205$5,724$5,278$3,905
9 years$6,408$5,854$5,344$4,875$4,445$3,148
10 years$5,709$5,160$4,659$4,203$3,788$2,564
11 years$5,137$4,594$4,102$3,658$3,257$2,105
12 years$4,661$4,123$3,640$3,208$2,823$1,740
13 years$4,258$3,726$3,252$2,832$2,462$1,445
14 years$3,913$3,387$2,922$2,514$2,158$1,206
15 years$3,615$3,094$2,638$2,242$1,900$1,009
16 years$3,354$2,839$2,392$2,008$1,679$847
17 years$3,124$2,614$2,177$1,804$1,489$713
18 years$2,919$2,416$1,987$1,626$1,324$601
19 years$2,737$2,239$1,819$1,469$1,180$508
20 years$2,573$2,081$1,669$1,330$1,054$429
21 years$2,425$1,938$1,536$1,207$943$363
22 years$2,290$1,809$1,415$1,098$845$308
23 years$2,167$1,692$1,307$1,000$759$261
24 years$2,055$1,585$1,209$912$682$222
25 years$1,952$1,488$1,119$833$614$188
26 years$1,857$1,398$1,038$761$553$160
27 years$1,769$1,316$964$697$498$136
28 years$1,687$1,240$896$639$450$115
29 years$1,611$1,170$834$586$406$98
30 years$1,541$1,105$777$537$367$83
31 years$1,475$1,044$724$494$332$71
32 years$1,413$988$676$454$300$60
33 years$1,356$936$631$417$272$51
34 years$1,301$887$589$384$246$44
35 years$1,250$841$551$353$223$37
36 years$1,202$798$516$325$202$32
37 years$1,157$758$483$300$183$27
38 years$1,114$721$452$276$166$23
39 years$1,073$685$423$255$150$20
40 years$1,035$652$397$235$136$17
41 years$998$621$372$217$124$14
42 years$964$591$349$200$112$12
43 years$931$563$328$185$102$10
44 years$899$537$307$171$92$9
45 years$870$512$289$158$84$7
46 years$841$488$271$146$76$6
47 years$814$466$255$134$69$5
48 years$788$445$239$124$63$5
49 years$763$425$225$115$57$4
50 years$739$406$212$106$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $757,000, adding $6,128 every year, while hoping to spend $21,256 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: 55/30/15 Blend
62$757,000$757,000$757,000$757,000
63$840,535$800,414$788,681$883,124
64$903,653$817,018$792,485$929,390
65$972,497$833,723$795,705$976,926
66$1,047,629$850,512$798,297$1,028,205
67$1,129,665$867,366$800,219$1,083,586
68$1,219,288$884,264$801,423$1,143,470
69$1,317,245$901,183$801,861$1,208,295
70$1,424,363$918,099$801,481$1,278,547
71$1,541,548$934,986$800,231$1,354,758
72$1,669,800$951,815$798,054$1,437,518
73$1,810,222$968,556$794,890$1,527,475
74$1,964,025$985,175$790,679$1,625,344
75$2,132,544$1,001,637$785,356$1,731,912
76$2,317,250$1,017,904$778,852$1,848,049
77$2,519,763$1,033,935$771,096$1,974,713
78$2,741,865$1,049,684$762,015$2,112,959
79$2,985,523$1,065,106$751,529$2,263,951
80$3,252,899$1,080,149$739,558$2,428,971
81$3,546,377$1,094,759$726,016$2,609,436
82$3,868,583$1,108,877$710,813$2,806,902
83$4,222,409$1,122,443$693,856$3,023,091
84$4,611,041$1,135,389$675,046$3,259,896
85$5,037,988$1,147,644$654,282$3,519,408
86$5,507,118$1,159,134$631,456$3,803,928
87$6,022,690$1,169,777$606,455$4,115,997
88$6,589,396$1,179,488$579,163$4,458,413
89$7,212,407$1,188,175$549,457$4,834,262
90$7,897,418$1,195,741$517,209$5,246,946
91$8,650,704$1,202,082$482,285$5,700,215
92$9,479,179$1,207,088$444,546$6,198,203
93$10,390,462$1,210,641$403,844$6,745,469
94$11,392,944$1,212,617$360,028$7,347,035
95$12,495,872$1,212,884$312,937$8,008,441
96$13,709,436$1,211,300$262,405$8,735,791
97$15,044,862$1,207,717$208,259$9,535,817
98$16,514,519$1,201,976$150,317$10,415,937
99$18,132,035$1,193,909$88,388$11,384,330
100$19,912,429$1,183,337$22,275$12,450,010