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%14.9%
1 years$62,512$61,956$61,412$60,882$60,364$59,145
2 years$30,947$30,370$29,812$29,270$28,745$27,522
3 years$20,426$19,847$19,290$18,754$18,237$17,049
4 years$15,167$14,590$14,038$13,511$13,007$11,862
5 years$12,012$11,439$10,894$10,378$9,888$8,790
6 years$9,910$9,341$8,804$8,299$7,824$6,774
7 years$8,409$7,844$7,316$6,823$6,363$5,361
8 years$7,283$6,724$6,205$5,724$5,278$4,325
9 years$6,408$5,854$5,344$4,875$4,445$3,539
10 years$5,709$5,160$4,659$4,203$3,788$2,927
11 years$5,137$4,594$4,102$3,658$3,257$2,442
12 years$4,661$4,123$3,640$3,208$2,823$2,052
13 years$4,258$3,726$3,252$2,832$2,462$1,734
14 years$3,913$3,387$2,922$2,514$2,158$1,471
15 years$3,615$3,094$2,638$2,242$1,900$1,253
16 years$3,354$2,839$2,392$2,008$1,679$1,071
17 years$3,124$2,614$2,177$1,804$1,489$918
18 years$2,919$2,416$1,987$1,626$1,324$788
19 years$2,737$2,239$1,819$1,469$1,180$678
20 years$2,573$2,081$1,669$1,330$1,054$584
21 years$2,425$1,938$1,536$1,207$943$504
22 years$2,290$1,809$1,415$1,098$845$436
23 years$2,167$1,692$1,307$1,000$759$377
24 years$2,055$1,585$1,209$912$682$326
25 years$1,952$1,488$1,119$833$614$282
26 years$1,857$1,398$1,038$761$553$245
27 years$1,769$1,316$964$697$498$212
28 years$1,687$1,240$896$639$450$184
29 years$1,611$1,170$834$586$406$160
30 years$1,541$1,105$777$537$367$139
31 years$1,475$1,044$724$494$332$121
32 years$1,413$988$676$454$300$105
33 years$1,356$936$631$417$272$91
34 years$1,301$887$589$384$246$79
35 years$1,250$841$551$353$223$69
36 years$1,202$798$516$325$202$60
37 years$1,157$758$483$300$183$52
38 years$1,114$721$452$276$166$45
39 years$1,073$685$423$255$150$39
40 years$1,035$652$397$235$136$34
41 years$998$621$372$217$124$30
42 years$964$591$349$200$112$26
43 years$931$563$328$185$102$23
44 years$899$537$307$171$92$20
45 years$870$512$289$158$84$17
46 years$841$488$271$146$76$15
47 years$814$466$255$134$69$13
48 years$788$445$239$124$63$11
49 years$763$425$225$115$57$10
50 years$739$406$212$106$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $757,000, adding $6,797 every year, while hoping to spend $52,730 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: 43/46/11 Blend
62$757,000$757,000$757,000$757,000
63$841,225$801,104$789,371$874,436
64$870,926$784,254$759,710$881,430
65$901,889$764,811$727,289$883,158
66$934,187$742,592$691,959$883,853
67$967,899$717,404$653,564$883,441
68$1,003,110$689,042$611,944$881,844
69$1,039,912$657,290$566,929$878,984
70$1,078,404$621,918$518,342$874,777
71$1,118,693$582,685$465,999$869,135
72$1,160,897$539,333$409,706$861,969
73$1,205,140$491,591$349,263$853,184
74$1,251,559$439,175$284,459$842,684
75$1,300,303$381,780$215,073$830,367
76$1,351,534$319,086$140,878$816,130
77$1,405,426$250,757$61,632$799,867
78$1,462,170$176,434$0$781,466
79$1,521,973$95,742$0$763,506
80$1,585,063$8,282$0$751,076
81$1,651,684$0$0$736,847
82$1,722,107$0$0$764,450
83$1,796,625$0$0$798,136
84$1,875,558$0$0$833,863
85$1,959,255$0$0$871,795
86$2,048,100$0$0$912,112
87$2,142,511$0$0$955,009
88$2,242,945$0$0$1,000,703
89$2,349,903$0$0$1,049,429
90$2,463,933$0$0$1,101,445
91$2,585,636$0$0$1,157,032
92$2,715,670$0$0$1,216,502
93$2,854,756$0$0$1,280,193
94$3,003,684$0$0$1,348,479
95$3,163,322$0$0$1,421,767
96$3,334,620$0$0$1,500,506
97$3,518,623$0$0$1,585,190
98$3,716,477$0$0$1,676,357
99$3,929,438$0$0$1,774,602
100$4,158,889$0$0$1,880,576