Can I retire at age 63 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$62,017$61,464$60,926$60,399$59,886$59,508
2 years$30,701$30,130$29,575$29,038$28,517$28,136
3 years$20,264$19,690$19,137$18,605$18,092$17,720
4 years$15,047$14,474$13,927$13,404$12,904$12,543
5 years$11,917$11,348$10,808$10,295$9,809$9,461
6 years$9,831$9,266$8,734$8,233$7,762$7,426
7 years$8,342$7,782$7,258$6,769$6,312$5,990
8 years$7,226$6,671$6,156$5,678$5,237$4,927
9 years$6,358$5,808$5,302$4,837$4,410$4,114
10 years$5,664$5,119$4,622$4,169$3,758$3,474
11 years$5,096$4,558$4,069$3,629$3,232$2,961
12 years$4,624$4,091$3,611$3,183$2,800$2,542
13 years$4,224$3,697$3,227$2,810$2,442$2,196
14 years$3,882$3,360$2,899$2,494$2,141$1,906
15 years$3,586$3,070$2,618$2,224$1,885$1,662
16 years$3,327$2,816$2,373$1,992$1,666$1,454
17 years$3,099$2,594$2,159$1,790$1,477$1,276
18 years$2,896$2,397$1,971$1,613$1,313$1,123
19 years$2,715$2,221$1,805$1,457$1,171$990
20 years$2,552$2,064$1,656$1,320$1,046$875
21 years$2,405$1,923$1,523$1,198$936$775
22 years$2,272$1,795$1,404$1,089$839$687
23 years$2,150$1,679$1,296$992$753$610
24 years$2,039$1,573$1,199$905$677$542
25 years$1,936$1,476$1,110$826$609$482
26 years$1,842$1,387$1,030$755$548$429
27 years$1,755$1,305$956$691$495$382
28 years$1,674$1,230$889$634$446$341
29 years$1,599$1,160$827$581$403$304
30 years$1,529$1,096$771$533$364$272
31 years$1,463$1,036$718$490$329$243
32 years$1,402$980$670$450$298$217
33 years$1,345$928$626$414$269$194
34 years$1,291$880$585$381$244$173
35 years$1,240$835$547$351$221$155
36 years$1,193$792$511$323$200$139
37 years$1,148$752$479$297$181$124
38 years$1,105$715$448$274$165$111
39 years$1,065$680$420$253$149$100
40 years$1,027$647$394$233$135$89
41 years$991$616$369$215$123$80
42 years$956$586$346$199$111$71
43 years$923$559$325$183$101$64
44 years$892$533$305$169$92$57
45 years$863$508$286$156$83$51
46 years$834$484$269$144$76$46
47 years$807$462$253$133$69$41
48 years$782$441$237$123$62$37
49 years$757$421$223$114$57$33
50 years$733$403$210$105$51$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $751,000, adding $6,035 every year, while hoping to spend $25,872 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: 61/19/20 Blend
62$751,000$751,000$751,000$751,000
63$833,827$794,024$782,384$880,004
64$891,350$805,404$781,066$923,308
65$953,873$816,474$778,837$967,151
66$1,021,879$827,192$775,639$1,014,411
67$1,095,899$837,512$771,411$1,065,424
68$1,176,517$847,387$766,090$1,120,559
69$1,264,376$856,764$759,609$1,180,227
70$1,360,185$865,588$751,898$1,244,875
71$1,464,722$873,799$742,884$1,315,002
72$1,578,844$881,336$732,491$1,391,155
73$1,703,495$888,131$720,639$1,473,940
74$1,839,715$894,112$707,243$1,564,022
75$1,988,646$899,204$692,216$1,662,138
76$2,151,549$903,326$675,467$1,769,099
77$2,329,809$906,392$656,897$1,885,801
78$2,524,955$908,310$636,408$2,013,231
79$2,738,667$908,983$613,895$2,152,477
80$2,972,797$908,309$589,246$2,304,743
81$3,229,383$906,178$562,347$2,471,352
82$3,510,673$902,473$533,078$2,653,767
83$3,819,138$897,071$501,313$2,853,600
84$4,157,504$889,841$466,920$3,072,628
85$4,528,771$880,645$429,764$3,312,814
86$4,936,244$869,334$389,699$3,576,320
87$5,383,563$855,755$346,577$3,865,531
88$5,874,740$839,740$300,240$4,183,079
89$6,414,191$821,115$250,526$4,531,864
90$7,006,784$799,694$197,264$4,915,085
91$7,657,878$775,282$140,275$5,336,270
92$8,373,381$747,671$79,373$5,799,311
93$9,159,799$716,639$14,366$6,308,497
94$10,024,301$681,956$0$6,868,558
95$10,974,782$643,375$0$7,496,450
96$12,019,945$600,636$0$8,190,219
97$13,169,375$553,463$0$8,953,187
98$14,433,634$501,565$0$9,792,393
99$15,824,358$444,635$0$10,715,599
100$17,354,369$382,348$0$11,731,359