Can I retire at age 63 with 759,000?

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 $759,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$62,678$62,119$61,575$61,043$60,524$59,157
2 years$31,028$30,451$29,891$29,348$28,821$27,451
3 years$20,480$19,900$19,341$18,803$18,285$16,955
4 years$15,207$14,628$14,075$13,547$13,041$11,761
5 years$12,044$11,469$10,923$10,405$9,914$8,687
6 years$9,936$9,365$8,827$8,321$7,844$6,673
7 years$8,431$7,865$7,336$6,841$6,380$5,264
8 years$7,303$6,742$6,221$5,739$5,292$4,231
9 years$6,425$5,870$5,358$4,888$4,457$3,450
10 years$5,724$5,174$4,672$4,214$3,798$2,843
11 years$5,151$4,606$4,113$3,667$3,266$2,363
12 years$4,673$4,134$3,650$3,217$2,830$1,978
13 years$4,269$3,736$3,261$2,840$2,468$1,664
14 years$3,924$3,396$2,930$2,521$2,163$1,407
15 years$3,624$3,102$2,645$2,248$1,905$1,193
16 years$3,363$2,846$2,398$2,013$1,684$1,015
17 years$3,132$2,621$2,182$1,809$1,493$866
18 years$2,927$2,422$1,992$1,630$1,327$741
19 years$2,744$2,245$1,824$1,473$1,183$634
20 years$2,580$2,086$1,674$1,334$1,057$544
21 years$2,431$1,943$1,540$1,211$946$467
22 years$2,296$1,814$1,419$1,101$848$402
23 years$2,173$1,696$1,310$1,002$761$346
24 years$2,060$1,589$1,212$914$684$298
25 years$1,957$1,492$1,122$835$615$257
26 years$1,861$1,402$1,041$763$554$222
27 years$1,773$1,319$967$699$500$191
28 years$1,692$1,243$899$640$451$165
29 years$1,616$1,173$836$587$407$143
30 years$1,545$1,108$779$539$368$123
31 years$1,479$1,047$726$495$333$106
32 years$1,417$991$677$455$301$92
33 years$1,359$938$633$418$272$80
34 years$1,305$889$591$385$247$69
35 years$1,254$843$553$354$223$60
36 years$1,205$801$517$326$202$52
37 years$1,160$760$484$301$183$45
38 years$1,117$723$453$277$166$39
39 years$1,076$687$424$255$151$33
40 years$1,038$654$398$236$137$29
41 years$1,001$622$373$217$124$25
42 years$966$593$350$201$113$22
43 years$933$565$328$185$102$19
44 years$902$538$308$171$93$16
45 years$872$513$289$158$84$14
46 years$843$490$272$146$76$12
47 years$816$467$255$135$69$11
48 years$790$446$240$125$63$9
49 years$765$426$226$115$57$8
50 years$741$407$212$106$52$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $759,000, adding $5,465 every year, while hoping to spend $37,814 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: 72/19/9 Blend
62$759,000$759,000$759,000$759,000
63$842,055$801,828$790,064$900,937
64$887,711$800,884$776,297$939,627
65$936,756$798,626$760,802$976,759
66$989,497$794,950$743,480$1,016,374
67$1,046,269$789,746$724,230$1,058,707
68$1,107,440$782,896$702,944$1,104,017
69$1,173,417$774,275$679,510$1,152,590
70$1,244,643$763,752$653,811$1,204,743
71$1,321,607$751,186$625,724$1,260,824
72$1,404,847$736,431$595,122$1,321,218
73$1,494,953$719,328$561,871$1,386,349
74$1,592,575$699,711$525,830$1,456,688
75$1,698,426$677,406$486,853$1,532,751
76$1,813,291$652,224$444,789$1,615,111
77$1,938,034$623,970$399,476$1,704,398
78$2,073,603$592,435$350,749$1,801,310
79$2,221,045$557,398$298,432$1,906,614
80$2,381,507$518,626$242,346$2,021,160
81$2,556,255$475,872$182,298$2,145,884
82$2,746,679$428,877$118,092$2,281,819
83$2,954,312$377,364$49,520$2,430,109
84$3,180,840$321,042$0$2,592,010
85$3,428,116$259,604$0$2,771,186
86$3,698,183$192,724$0$2,972,121
87$3,993,291$120,060$0$3,191,770
88$4,315,912$41,249$0$3,432,025
89$4,668,773$0$0$3,694,970
90$5,054,874$0$0$3,992,126
91$5,477,519$0$0$4,326,883
92$5,940,346$0$0$4,693,503
93$6,447,361$0$0$5,095,165
94$7,002,976$0$0$5,535,368
95$7,612,050$0$0$6,017,968
96$8,279,934$0$0$6,547,210
97$9,012,524$0$0$7,127,770
98$9,816,312$0$0$7,764,799
99$10,698,447$0$0$8,463,969
100$11,666,808$0$0$9,231,530