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%11.9%
1 years$62,678$62,119$61,575$61,043$60,524$60,042
2 years$31,028$30,451$29,891$29,348$28,821$28,335
3 years$20,480$19,900$19,341$18,803$18,285$17,810
4 years$15,207$14,628$14,075$13,547$13,041$12,581
5 years$12,044$11,469$10,923$10,405$9,914$9,470
6 years$9,936$9,365$8,827$8,321$7,844$7,417
7 years$8,431$7,865$7,336$6,841$6,380$5,970
8 years$7,303$6,742$6,221$5,739$5,292$4,899
9 years$6,425$5,870$5,358$4,888$4,457$4,081
10 years$5,724$5,174$4,672$4,214$3,798$3,438
11 years$5,151$4,606$4,113$3,667$3,266$2,923
12 years$4,673$4,134$3,650$3,217$2,830$2,503
13 years$4,269$3,736$3,261$2,840$2,468$2,157
14 years$3,924$3,396$2,930$2,521$2,163$1,867
15 years$3,624$3,102$2,645$2,248$1,905$1,624
16 years$3,363$2,846$2,398$2,013$1,684$1,417
17 years$3,132$2,621$2,182$1,809$1,493$1,240
18 years$2,927$2,422$1,992$1,630$1,327$1,088
19 years$2,744$2,245$1,824$1,473$1,183$957
20 years$2,580$2,086$1,674$1,334$1,057$843
21 years$2,431$1,943$1,540$1,211$946$744
22 years$2,296$1,814$1,419$1,101$848$658
23 years$2,173$1,696$1,310$1,002$761$582
24 years$2,060$1,589$1,212$914$684$516
25 years$1,957$1,492$1,122$835$615$457
26 years$1,861$1,402$1,041$763$554$406
27 years$1,773$1,319$967$699$500$361
28 years$1,692$1,243$899$640$451$320
29 years$1,616$1,173$836$587$407$285
30 years$1,545$1,108$779$539$368$254
31 years$1,479$1,047$726$495$333$226
32 years$1,417$991$677$455$301$201
33 years$1,359$938$633$418$272$179
34 years$1,305$889$591$385$247$160
35 years$1,254$843$553$354$223$142
36 years$1,205$801$517$326$202$127
37 years$1,160$760$484$301$183$113
38 years$1,117$723$453$277$166$101
39 years$1,076$687$424$255$151$90
40 years$1,038$654$398$236$137$80
41 years$1,001$622$373$217$124$72
42 years$966$593$350$201$113$64
43 years$933$565$328$185$102$57
44 years$902$538$308$171$93$51
45 years$872$513$289$158$84$46
46 years$843$490$272$146$76$41
47 years$816$467$255$135$69$36
48 years$790$446$240$125$63$33
49 years$765$426$226$115$57$29
50 years$741$407$212$106$52$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $759,000, adding $4,847 every year, while hoping to spend $55,080 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: 35/45/20 Blend
62$759,000$759,000$759,000$759,000
63$841,418$801,191$789,426$865,589
64$868,638$781,844$757,267$864,407
65$896,788$759,704$722,185$857,681
66$925,905$734,575$684,023$849,284
67$956,029$706,250$642,619$839,100
68$987,198$674,511$597,801$827,007
69$1,019,457$639,127$549,393$812,875
70$1,052,851$599,853$497,207$796,568
71$1,087,428$556,431$441,049$777,942
72$1,123,237$508,589$380,716$756,847
73$1,160,334$456,036$315,996$733,122
74$1,198,773$398,467$246,667$706,600
75$1,238,617$335,560$172,499$677,104
76$1,279,927$266,974$93,250$644,448
77$1,322,773$192,349$8,667$608,436
78$1,367,227$111,305$0$568,863
79$1,413,365$23,440$0$542,925
80$1,461,269$0$0$516,087
81$1,511,028$0$0$521,809
82$1,562,734$0$0$539,831
83$1,616,488$0$0$558,582
84$1,672,398$0$0$578,102
85$1,730,577$0$0$598,433
86$1,791,150$0$0$619,621
87$1,854,249$0$0$641,715
88$1,920,017$0$0$664,767
89$1,988,607$0$0$688,835
90$2,060,185$0$0$713,980
91$2,134,929$0$0$740,269
92$2,213,032$0$0$767,774
93$2,294,703$0$0$796,571
94$2,380,166$0$0$826,747
95$2,469,665$0$0$858,391
96$2,563,465$0$0$891,604
97$2,661,852$0$0$926,493
98$2,765,138$0$0$963,174
99$2,873,659$0$0$1,001,776
100$2,987,784$0$0$1,042,436