Can I retire at age 63 with 759,000?

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 $759,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$62,678$62,119$61,575$61,043$60,524$59,967
2 years$31,028$30,451$29,891$29,348$28,821$28,259
3 years$20,480$19,900$19,341$18,803$18,285$17,737
4 years$15,207$14,628$14,075$13,547$13,041$12,510
5 years$12,044$11,469$10,923$10,405$9,914$9,402
6 years$9,936$9,365$8,827$8,321$7,844$7,352
7 years$8,431$7,865$7,336$6,841$6,380$5,907
8 years$7,303$6,742$6,221$5,739$5,292$4,840
9 years$6,425$5,870$5,358$4,888$4,457$4,024
10 years$5,724$5,174$4,672$4,214$3,798$3,384
11 years$5,151$4,606$4,113$3,667$3,266$2,872
12 years$4,673$4,134$3,650$3,217$2,830$2,455
13 years$4,269$3,736$3,261$2,840$2,468$2,111
14 years$3,924$3,396$2,930$2,521$2,163$1,824
15 years$3,624$3,102$2,645$2,248$1,905$1,583
16 years$3,363$2,846$2,398$2,013$1,684$1,378
17 years$3,132$2,621$2,182$1,809$1,493$1,204
18 years$2,927$2,422$1,992$1,630$1,327$1,054
19 years$2,744$2,245$1,824$1,473$1,183$925
20 years$2,580$2,086$1,674$1,334$1,057$813
21 years$2,431$1,943$1,540$1,211$946$716
22 years$2,296$1,814$1,419$1,101$848$632
23 years$2,173$1,696$1,310$1,002$761$558
24 years$2,060$1,589$1,212$914$684$493
25 years$1,957$1,492$1,122$835$615$436
26 years$1,861$1,402$1,041$763$554$386
27 years$1,773$1,319$967$699$500$342
28 years$1,692$1,243$899$640$451$303
29 years$1,616$1,173$836$587$407$269
30 years$1,545$1,108$779$539$368$239
31 years$1,479$1,047$726$495$333$212
32 years$1,417$991$677$455$301$189
33 years$1,359$938$633$418$272$168
34 years$1,305$889$591$385$247$149
35 years$1,254$843$553$354$223$133
36 years$1,205$801$517$326$202$118
37 years$1,160$760$484$301$183$105
38 years$1,117$723$453$277$166$93
39 years$1,076$687$424$255$151$83
40 years$1,038$654$398$236$137$74
41 years$1,001$622$373$217$124$66
42 years$966$593$350$201$113$59
43 years$933$565$328$185$102$52
44 years$902$538$308$171$93$46
45 years$872$513$289$158$84$41
46 years$843$490$272$146$76$37
47 years$816$467$255$135$69$33
48 years$790$446$240$125$63$29
49 years$765$426$226$115$57$26
50 years$741$407$212$106$52$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $759,000, adding $5,373 every year, while hoping to spend $39,449 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: 72/10/18 Blend
62$759,000$759,000$759,000$759,000
63$841,960$801,733$789,969$898,637
64$885,867$799,045$774,459$934,316
65$932,930$794,902$757,108$968,107
66$983,429$789,193$737,812$1,004,101
67$1,037,673$781,797$716,462$1,042,512
68$1,095,998$772,588$692,947$1,083,571
69$1,158,776$761,431$667,146$1,127,538
70$1,226,413$748,183$638,938$1,174,696
71$1,299,356$732,694$608,191$1,225,363
72$1,378,097$714,802$574,773$1,279,884
73$1,463,175$694,340$538,540$1,338,644
74$1,555,184$671,127$499,345$1,402,068
75$1,654,774$644,973$457,034$1,470,625
76$1,762,662$615,679$411,447$1,544,831
77$1,879,637$583,030$362,414$1,625,259
78$2,006,565$546,804$309,759$1,712,540
79$2,144,398$506,760$253,300$1,807,371
80$2,294,185$462,650$192,844$1,910,522
81$2,457,079$414,206$128,190$2,022,842
82$2,634,347$361,149$59,131$2,145,270
83$2,827,387$303,181$0$2,278,842
84$3,037,733$239,990$0$2,427,499
85$3,267,075$171,243$0$2,602,007
86$3,517,275$96,592$0$2,792,437
87$3,790,379$15,667$0$3,000,374
88$4,088,642$0$0$3,227,565
89$4,414,544$0$0$3,483,850
90$4,770,818$0$0$3,765,939
91$5,160,470$0$0$4,074,493
92$5,586,811$0$0$4,412,138
93$6,053,489$0$0$4,781,768
94$6,564,518$0$0$5,186,568
95$7,124,320$0$0$5,630,044
96$7,737,763$0$0$6,116,060
97$8,410,210$0$0$6,648,870
98$9,147,568$0$0$7,233,159
99$9,956,341$0$0$7,874,088
100$10,843,694$0$0$8,577,341