Can I retire at age 63 with 754,000?

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 $754,000?

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$62,265$61,710$61,169$60,641$60,125$59,621
2 years$30,824$30,250$29,694$29,154$28,631$28,123
3 years$20,345$19,769$19,214$18,679$18,165$17,669
4 years$15,107$14,532$13,983$13,457$12,955$12,475
5 years$11,965$11,393$10,851$10,337$9,848$9,385
6 years$9,871$9,304$8,769$8,266$7,793$7,347
7 years$8,375$7,813$7,287$6,796$6,338$5,910
8 years$7,254$6,697$6,180$5,701$5,258$4,847
9 years$6,383$5,831$5,323$4,856$4,428$4,035
10 years$5,686$5,140$4,641$4,186$3,773$3,397
11 years$5,117$4,576$4,086$3,643$3,245$2,887
12 years$4,642$4,107$3,626$3,195$2,812$2,471
13 years$4,241$3,711$3,240$2,821$2,452$2,127
14 years$3,898$3,374$2,911$2,504$2,149$1,841
15 years$3,600$3,082$2,628$2,233$1,892$1,599
16 years$3,341$2,828$2,383$2,000$1,672$1,395
17 years$3,111$2,604$2,168$1,797$1,483$1,220
18 years$2,908$2,406$1,979$1,619$1,319$1,069
19 years$2,726$2,230$1,812$1,463$1,175$940
20 years$2,563$2,072$1,663$1,325$1,050$827
21 years$2,415$1,930$1,530$1,203$939$730
22 years$2,281$1,802$1,410$1,093$842$645
23 years$2,159$1,685$1,302$996$756$570
24 years$2,047$1,579$1,204$908$679$505
25 years$1,944$1,482$1,115$829$611$447
26 years$1,849$1,393$1,034$758$551$397
27 years$1,762$1,311$960$694$496$352
28 years$1,681$1,235$893$636$448$313
29 years$1,605$1,165$831$583$405$278
30 years$1,535$1,100$774$535$366$247
31 years$1,469$1,040$721$492$330$220
32 years$1,408$984$673$452$299$196
33 years$1,350$932$628$415$271$174
34 years$1,296$883$587$382$245$155
35 years$1,245$838$549$352$222$138
36 years$1,198$795$514$324$201$123
37 years$1,152$755$481$299$182$110
38 years$1,110$718$450$275$165$98
39 years$1,069$683$422$254$150$87
40 years$1,031$649$395$234$136$78
41 years$994$618$371$216$123$69
42 years$960$589$348$199$112$62
43 years$927$561$326$184$101$55
44 years$896$535$306$170$92$49
45 years$866$510$288$157$84$44
46 years$838$486$270$145$76$39
47 years$811$464$254$134$69$35
48 years$785$443$238$124$63$31
49 years$760$423$224$114$57$28
50 years$736$404$211$106$52$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $754,000, adding $4,785 every year, while hoping to spend $25,615 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: 35/40/25 Blend
62$754,000$754,000$754,000$754,000
63$835,844$795,882$784,195$858,639
64$893,846$807,626$783,211$887,734
65$956,905$819,087$781,336$916,435
66$1,025,511$830,224$778,513$946,896
67$1,100,202$840,993$774,681$979,291
68$1,181,569$851,348$769,779$1,013,813
69$1,270,263$861,238$763,741$1,050,674
70$1,367,001$870,611$756,498$1,090,111
71$1,472,573$879,408$747,978$1,132,386
72$1,587,846$887,570$738,106$1,177,789
73$1,713,777$895,032$726,804$1,226,641
74$1,851,419$901,724$713,987$1,279,298
75$2,001,928$907,574$699,571$1,336,154
76$2,166,583$912,502$683,464$1,397,645
77$2,346,786$916,427$665,572$1,464,252
78$2,544,085$919,259$645,796$1,536,511
79$2,760,184$920,904$624,032$1,615,012
80$2,996,957$921,263$600,172$1,700,408
81$3,256,472$920,230$574,102$1,793,424
82$3,541,002$917,692$545,705$1,894,857
83$3,853,054$913,528$514,856$2,005,594
84$4,195,388$907,613$481,426$2,126,611
85$4,571,043$899,812$445,279$2,258,990
86$4,983,369$889,982$406,275$2,403,927
87$5,436,053$877,972$364,266$2,562,742
88$5,933,159$863,622$319,098$2,736,895
89$6,479,163$846,761$270,609$2,928,001
90$7,078,995$827,209$218,632$3,137,841
91$7,738,087$804,777$162,991$3,368,387
92$8,462,423$779,262$103,502$3,621,813
93$9,258,596$750,451$39,975$3,900,524
94$10,133,867$718,119$0$4,207,175
95$11,096,240$682,025$0$4,552,119
96$12,154,529$641,916$0$4,943,034
97$13,318,448$597,527$0$5,372,881
98$14,598,697$548,573$0$5,845,667
99$16,007,067$494,757$0$6,365,814
100$17,556,550$435,761$0$6,938,200