Can I retire at age 63 with 756,000?

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 $756,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$62,430$61,874$61,331$60,802$60,285$59,556
2 years$30,906$30,330$29,772$29,232$28,707$27,974
3 years$20,399$19,821$19,265$18,729$18,213$17,498
4 years$15,147$14,571$14,020$13,493$12,990$12,298
5 years$11,996$11,424$10,880$10,364$9,874$9,209
6 years$9,897$9,328$8,793$8,288$7,813$7,174
7 years$8,398$7,834$7,307$6,814$6,354$5,742
8 years$7,274$6,715$6,197$5,716$5,272$4,685
9 years$6,400$5,847$5,337$4,869$4,439$3,880
10 years$5,701$5,154$4,653$4,197$3,783$3,249
11 years$5,130$4,588$4,096$3,653$3,253$2,745
12 years$4,655$4,118$3,636$3,204$2,819$2,336
13 years$4,253$3,721$3,248$2,829$2,458$2,000
14 years$3,908$3,383$2,918$2,511$2,155$1,720
15 years$3,610$3,090$2,635$2,239$1,897$1,486
16 years$3,349$2,835$2,389$2,005$1,677$1,287
17 years$3,120$2,611$2,174$1,802$1,487$1,119
18 years$2,916$2,413$1,984$1,624$1,322$975
19 years$2,733$2,236$1,817$1,467$1,178$851
20 years$2,569$2,078$1,667$1,329$1,053$744
21 years$2,421$1,935$1,534$1,206$942$652
22 years$2,287$1,807$1,413$1,096$844$572
23 years$2,164$1,690$1,305$998$758$502
24 years$2,052$1,583$1,207$911$681$442
25 years$1,949$1,486$1,118$832$613$389
26 years$1,854$1,396$1,037$760$552$342
27 years$1,766$1,314$963$696$498$302
28 years$1,685$1,238$895$638$449$266
29 years$1,609$1,168$833$585$406$235
30 years$1,539$1,103$776$537$366$207
31 years$1,473$1,043$723$493$331$183
32 years$1,412$987$675$453$300$162
33 years$1,354$935$630$417$271$143
34 years$1,300$886$589$383$246$126
35 years$1,249$840$550$353$222$112
36 years$1,201$797$515$325$202$99
37 years$1,155$757$482$299$183$87
38 years$1,113$720$451$276$166$77
39 years$1,072$684$423$254$150$68
40 years$1,034$651$396$235$136$60
41 years$997$620$372$217$124$53
42 years$962$590$349$200$112$47
43 years$930$562$327$184$102$42
44 years$898$536$307$170$92$37
45 years$868$511$288$157$84$33
46 years$840$488$271$145$76$29
47 years$813$465$254$134$69$26
48 years$787$444$239$124$63$23
49 years$762$424$225$115$57$20
50 years$738$405$211$106$52$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $756,000, adding $5,744 every year, while hoping to spend $54,330 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: 64/14/22 Blend
62$756,000$756,000$756,000$756,000
63$839,037$798,969$787,251$887,619
64$866,812$780,312$755,817$902,388
65$895,599$758,919$721,509$911,894
66$925,444$734,601$684,174$921,032
67$956,396$707,153$643,651$929,771
68$988,507$676,361$599,771$938,078
69$1,021,832$642,000$552,360$945,919
70$1,056,429$603,828$501,235$953,258
71$1,092,362$561,593$446,203$960,060
72$1,129,697$515,026$387,066$966,287
73$1,168,508$463,843$323,614$971,901
74$1,208,869$407,745$255,628$976,862
75$1,250,865$346,416$182,883$981,131
76$1,294,582$279,519$105,139$984,667
77$1,340,117$206,704$22,149$987,429
78$1,387,572$127,594$0$989,375
79$1,437,056$41,798$0$1,006,055
80$1,488,687$0$0$1,028,398
81$1,542,595$0$0$1,059,097
82$1,598,915$0$0$1,097,909
83$1,657,799$0$0$1,138,500
84$1,719,405$0$0$1,180,983
85$1,783,910$0$0$1,225,479
86$1,851,502$0$0$1,272,121
87$1,922,385$0$0$1,321,052
88$1,996,783$0$0$1,372,428
89$2,074,936$0$0$1,426,418
90$2,157,106$0$0$1,483,206
91$2,243,580$0$0$1,542,992
92$2,334,667$0$0$1,605,994
93$2,430,706$0$0$1,672,450
94$2,532,065$0$0$1,742,617
95$2,639,145$0$0$1,816,777
96$2,752,385$0$0$1,895,239
97$2,872,263$0$0$1,978,339
98$2,999,301$0$0$2,066,443
99$3,134,070$0$0$2,159,952
100$3,277,194$0$0$2,259,306