Can I retire at age 63 with 752,000?

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 $752,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$62,099$61,546$61,007$60,480$59,966$58,046
2 years$30,742$30,170$29,615$29,077$28,555$26,639
3 years$20,291$19,716$19,163$18,630$18,116$16,264
4 years$15,067$14,494$13,946$13,422$12,921$11,146
5 years$11,933$11,363$10,822$10,309$9,822$8,130
6 years$9,844$9,279$8,746$8,244$7,772$6,163
7 years$8,353$7,792$7,268$6,778$6,321$4,796
8 years$7,235$6,679$6,164$5,686$5,244$3,801
9 years$6,366$5,816$5,309$4,843$4,416$3,054
10 years$5,671$5,126$4,628$4,175$3,763$2,480
11 years$5,103$4,564$4,075$3,633$3,236$2,030
12 years$4,630$4,096$3,616$3,187$2,804$1,672
13 years$4,230$3,702$3,231$2,814$2,445$1,384
14 years$3,888$3,365$2,903$2,498$2,144$1,151
15 years$3,591$3,074$2,621$2,227$1,887$960
16 years$3,332$2,820$2,376$1,994$1,668$803
17 years$3,103$2,597$2,162$1,792$1,479$673
18 years$2,900$2,400$1,974$1,615$1,315$565
19 years$2,719$2,224$1,807$1,459$1,172$476
20 years$2,556$2,067$1,658$1,322$1,047$401
21 years$2,409$1,925$1,525$1,199$937$338
22 years$2,275$1,797$1,406$1,091$840$285
23 years$2,153$1,681$1,298$993$754$241
24 years$2,041$1,575$1,201$906$678$204
25 years$1,939$1,478$1,112$827$610$172
26 years$1,844$1,389$1,031$756$549$146
27 years$1,757$1,307$958$692$495$123
28 years$1,676$1,232$890$634$447$104
29 years$1,601$1,162$828$582$403$88
30 years$1,531$1,097$772$534$365$75
31 years$1,465$1,037$719$490$330$63
32 years$1,404$982$671$451$298$54
33 years$1,347$930$627$414$270$46
34 years$1,293$881$586$381$244$39
35 years$1,242$836$547$351$221$33
36 years$1,194$793$512$323$200$28
37 years$1,149$753$479$298$182$24
38 years$1,107$716$449$275$165$20
39 years$1,066$681$421$253$149$17
40 years$1,028$648$394$233$135$14
41 years$992$617$370$215$123$12
42 years$957$587$347$199$112$10
43 years$925$559$325$184$101$9
44 years$893$533$305$169$92$7
45 years$864$509$287$156$83$6
46 years$835$485$269$145$76$5
47 years$808$463$253$134$69$5
48 years$783$442$238$123$62$4
49 years$758$422$224$114$57$3
50 years$734$403$210$105$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $752,000, adding $5,473 every year, while hoping to spend $36,217 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: 55/20/25 Blend
62$752,000$752,000$752,000$752,000
63$834,349$794,493$782,837$874,230
64$880,918$794,889$770,528$902,640
65$931,024$794,090$756,592$929,330
66$984,988$792,000$740,937$957,648
67$1,043,164$788,516$723,467$987,759
68$1,105,943$783,529$704,079$1,019,853
69$1,173,751$776,923$682,667$1,054,135
70$1,247,057$768,577$659,120$1,090,837
71$1,326,379$758,359$633,323$1,130,213
72$1,412,284$746,133$605,153$1,172,548
73$1,505,395$731,751$574,484$1,218,157
74$1,606,399$715,061$541,183$1,267,389
75$1,716,050$695,897$505,111$1,320,631
76$1,835,178$674,087$466,123$1,378,312
77$1,964,696$649,447$424,068$1,440,908
78$2,105,608$621,783$378,788$1,508,947
79$2,259,019$590,890$330,116$1,583,012
80$2,426,146$556,550$277,882$1,663,750
81$2,608,326$518,534$221,904$1,751,878
82$2,807,031$476,599$161,994$1,848,189
83$3,023,883$430,487$97,955$1,953,561
84$3,260,666$379,928$29,584$2,068,964
85$3,519,344$324,634$0$2,195,475
86$3,802,078$264,302$0$2,345,855
87$4,111,251$198,613$0$2,519,020
88$4,449,481$127,228$0$2,708,589
89$4,819,656$49,790$0$2,916,235
90$5,224,953$0$0$3,143,805
91$5,668,871$0$0$3,400,835
92$6,155,265$0$0$3,694,534
93$6,688,378$0$0$4,016,514
94$7,272,885$0$0$4,369,609
95$7,913,934$0$0$4,756,936
96$8,617,196$0$0$5,181,932
97$9,388,915$0$0$5,648,381
98$10,235,971$0$0$6,160,452
99$11,165,944$0$0$6,722,736
100$12,187,179$0$0$7,340,291