Can I retire at age 63 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$61,934$61,383$60,844$60,319$59,806$59,305
2 years$30,661$30,090$29,536$29,000$28,479$27,974
3 years$20,237$19,664$19,112$18,580$18,068$17,575
4 years$15,027$14,455$13,909$13,386$12,886$12,409
5 years$11,901$11,333$10,794$10,282$9,796$9,335
6 years$9,818$9,254$8,723$8,222$7,751$7,308
7 years$8,331$7,772$7,249$6,760$6,304$5,878
8 years$7,216$6,662$6,147$5,671$5,230$4,822
9 years$6,349$5,800$5,295$4,830$4,404$4,014
10 years$5,656$5,113$4,616$4,164$3,753$3,379
11 years$5,090$4,551$4,064$3,624$3,227$2,871
12 years$4,618$4,085$3,607$3,179$2,797$2,457
13 years$4,219$3,692$3,222$2,806$2,439$2,116
14 years$3,877$3,356$2,895$2,491$2,138$1,831
15 years$3,581$3,066$2,614$2,222$1,882$1,591
16 years$3,323$2,813$2,370$1,989$1,664$1,387
17 years$3,095$2,590$2,157$1,787$1,475$1,213
18 years$2,892$2,394$1,969$1,611$1,312$1,064
19 years$2,712$2,218$1,802$1,455$1,169$935
20 years$2,549$2,061$1,654$1,318$1,044$823
21 years$2,402$1,920$1,521$1,196$934$726
22 years$2,269$1,792$1,402$1,088$838$641
23 years$2,147$1,676$1,295$991$752$567
24 years$2,036$1,571$1,197$903$676$502
25 years$1,934$1,474$1,109$825$608$445
26 years$1,839$1,385$1,029$754$548$394
27 years$1,752$1,304$955$691$494$350
28 years$1,672$1,228$888$633$446$311
29 years$1,597$1,159$826$580$402$276
30 years$1,527$1,094$770$532$364$246
31 years$1,461$1,035$717$489$329$219
32 years$1,400$979$669$449$297$195
33 years$1,343$927$625$413$269$173
34 years$1,289$879$584$380$244$154
35 years$1,239$833$546$350$221$137
36 years$1,191$791$511$322$200$122
37 years$1,146$751$478$297$181$109
38 years$1,104$714$448$274$164$97
39 years$1,063$679$419$252$149$87
40 years$1,025$646$393$233$135$77
41 years$989$615$369$215$123$69
42 years$955$586$346$198$111$61
43 years$922$558$324$183$101$55
44 years$891$532$305$169$92$49
45 years$861$507$286$156$83$44
46 years$833$484$269$144$76$39
47 years$806$462$252$133$69$35
48 years$780$441$237$123$62$31
49 years$756$421$223$114$57$28
50 years$732$402$210$105$51$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $750,000, adding $3,166 every year, while hoping to spend $32,414 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: 63/10/27 Blend
62$750,000$750,000$750,000$750,000
63$829,766$790,016$778,391$875,896
64$879,914$794,238$769,979$911,760
65$934,090$797,581$760,198$947,079
66$992,672$799,968$748,970$984,955
67$1,056,074$801,315$736,209$1,025,643
68$1,124,750$801,536$721,829$1,069,426
69$1,199,201$800,538$705,737$1,116,615
70$1,279,977$798,222$687,837$1,167,557
71$1,367,685$794,485$668,029$1,222,631
72$1,462,988$789,214$646,208$1,282,260
73$1,566,620$782,293$622,263$1,346,909
74$1,679,387$773,597$596,080$1,417,092
75$1,802,174$762,993$567,538$1,493,378
76$1,935,958$750,341$536,513$1,576,393
77$2,081,811$735,493$502,872$1,666,832
78$2,240,915$718,292$466,477$1,765,459
79$2,414,571$698,571$427,187$1,873,120
80$2,604,210$676,154$384,851$1,990,748
81$2,811,408$650,854$339,311$2,119,376
82$3,037,900$622,474$290,406$2,260,140
83$3,285,595$590,804$237,964$2,414,297
84$3,556,596$555,624$181,807$2,583,235
85$3,853,220$516,700$121,748$2,768,484
86$4,178,015$473,786$57,593$2,971,736
87$4,533,790$426,619$0$3,194,856
88$4,923,638$374,924$0$3,443,033
89$5,350,962$318,409$0$3,733,320
90$5,819,515$256,766$0$4,051,678
91$6,333,428$189,669$0$4,400,939
92$6,897,249$116,775$0$4,784,227
93$7,515,991$37,720$0$5,204,982
94$8,195,175$0$0$5,666,996
95$8,940,880$0$0$6,179,717
96$9,759,806$0$0$6,747,396
97$10,659,332$0$0$7,371,005
98$11,647,586$0$0$8,056,186
99$12,733,524$0$0$8,809,156
100$13,927,011$0$0$9,636,762