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%11.1%
1 years$61,934$61,383$60,844$60,319$59,806$59,529
2 years$30,661$30,090$29,536$29,000$28,479$28,199
3 years$20,237$19,664$19,112$18,580$18,068$17,795
4 years$15,027$14,455$13,909$13,386$12,886$12,621
5 years$11,901$11,333$10,794$10,282$9,796$9,540
6 years$9,818$9,254$8,723$8,222$7,751$7,504
7 years$8,331$7,772$7,249$6,760$6,304$6,066
8 years$7,216$6,662$6,147$5,671$5,230$5,001
9 years$6,349$5,800$5,295$4,830$4,404$4,185
10 years$5,656$5,113$4,616$4,164$3,753$3,543
11 years$5,090$4,551$4,064$3,624$3,227$3,027
12 years$4,618$4,085$3,607$3,179$2,797$2,605
13 years$4,219$3,692$3,222$2,806$2,439$2,256
14 years$3,877$3,356$2,895$2,491$2,138$1,964
15 years$3,581$3,066$2,614$2,222$1,882$1,716
16 years$3,323$2,813$2,370$1,989$1,664$1,506
17 years$3,095$2,590$2,157$1,787$1,475$1,325
18 years$2,892$2,394$1,969$1,611$1,312$1,169
19 years$2,712$2,218$1,802$1,455$1,169$1,034
20 years$2,549$2,061$1,654$1,318$1,044$917
21 years$2,402$1,920$1,521$1,196$934$814
22 years$2,269$1,792$1,402$1,088$838$724
23 years$2,147$1,676$1,295$991$752$644
24 years$2,036$1,571$1,197$903$676$574
25 years$1,934$1,474$1,109$825$608$512
26 years$1,839$1,385$1,029$754$548$458
27 years$1,752$1,304$955$691$494$409
28 years$1,672$1,228$888$633$446$366
29 years$1,597$1,159$826$580$402$328
30 years$1,527$1,094$770$532$364$293
31 years$1,461$1,035$717$489$329$263
32 years$1,400$979$669$449$297$236
33 years$1,343$927$625$413$269$211
34 years$1,289$879$584$380$244$190
35 years$1,239$833$546$350$221$170
36 years$1,191$791$511$322$200$153
37 years$1,146$751$478$297$181$137
38 years$1,104$714$448$274$164$123
39 years$1,063$679$419$252$149$111
40 years$1,025$646$393$233$135$100
41 years$989$615$369$215$123$89
42 years$955$586$346$198$111$80
43 years$922$558$324$183$101$72
44 years$891$532$305$169$92$65
45 years$861$507$286$156$83$58
46 years$833$484$269$144$76$53
47 years$806$462$252$133$69$47
48 years$780$441$237$123$62$43
49 years$756$421$223$114$57$38
50 years$732$402$210$105$51$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $750,000, adding $5,959 every year, while hoping to spend $55,733 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: 44/35/21 Blend
62$750,000$750,000$750,000$750,000
63$832,647$792,897$781,272$863,985
64$858,277$772,449$748,145$866,235
65$884,654$749,132$712,040$862,757
66$911,795$722,745$672,799$857,845
67$939,716$693,078$630,257$851,396
68$968,435$659,907$584,238$843,296
69$997,969$622,996$534,564$833,430
70$1,028,335$582,095$481,044$821,672
71$1,059,547$536,940$423,482$807,890
72$1,091,622$487,252$361,670$791,944
73$1,124,575$432,735$295,393$773,688
74$1,158,420$373,077$224,427$752,963
75$1,193,170$307,949$148,537$729,606
76$1,228,837$237,002$67,476$703,441
77$1,265,432$159,869$0$674,282
78$1,302,965$76,160$0$646,198
79$1,341,441$0$0$631,130
80$1,380,869$0$0$619,383
81$1,421,249$0$0$637,382
82$1,462,584$0$0$655,794
83$1,504,870$0$0$674,617
84$1,548,103$0$0$693,845
85$1,592,271$0$0$713,472
86$1,637,362$0$0$733,490
87$1,683,357$0$0$753,888
88$1,730,231$0$0$774,653
89$1,777,955$0$0$795,768
90$1,826,490$0$0$817,212
91$1,875,792$0$0$838,963
92$1,925,808$0$0$860,991
93$1,976,473$0$0$883,265
94$2,027,715$0$0$905,746
95$2,079,447$0$0$928,390
96$2,131,571$0$0$951,147
97$2,183,971$0$0$973,959
98$2,236,519$0$0$996,761
99$2,289,064$0$0$1,019,477
100$2,341,438$0$0$1,042,023