Can I retire at age 63 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$59,622$59,091$58,573$58,067$57,573$55,887
2 years$29,516$28,966$28,433$27,917$27,416$25,731
3 years$19,482$18,930$18,398$17,887$17,394$15,762
4 years$14,466$13,915$13,389$12,886$12,405$10,840
5 years$11,457$10,910$10,391$9,898$9,430$7,936
6 years$9,452$8,909$8,397$7,915$7,462$6,040
7 years$8,020$7,481$6,978$6,508$6,069$4,718
8 years$6,947$6,413$5,918$5,459$5,034$3,755
9 years$6,112$5,584$5,097$4,650$4,240$3,030
10 years$5,445$4,922$4,444$4,008$3,612$2,471
11 years$4,900$4,382$3,912$3,488$3,107$2,032
12 years$4,445$3,933$3,472$3,060$2,692$1,682
13 years$4,061$3,554$3,102$2,701$2,348$1,399
14 years$3,732$3,230$2,787$2,398$2,058$1,169
15 years$3,448$2,951$2,516$2,139$1,812$980
16 years$3,199$2,708$2,282$1,915$1,601$824
17 years$2,979$2,494$2,076$1,720$1,420$694
18 years$2,784$2,304$1,895$1,551$1,263$586
19 years$2,610$2,135$1,735$1,401$1,125$496
20 years$2,454$1,984$1,592$1,269$1,005$420
21 years$2,312$1,848$1,465$1,152$900$356
22 years$2,184$1,725$1,350$1,047$806$302
23 years$2,067$1,614$1,246$954$724$256
24 years$1,960$1,512$1,153$870$651$218
25 years$1,861$1,419$1,068$794$585$185
26 years$1,771$1,334$990$726$527$158
27 years$1,687$1,255$919$665$475$134
28 years$1,609$1,183$855$609$429$114
29 years$1,537$1,116$795$559$387$97
30 years$1,470$1,054$741$513$350$83
31 years$1,407$996$691$471$316$71
32 years$1,348$942$644$433$286$60
33 years$1,293$892$602$398$259$51
34 years$1,241$846$562$366$235$44
35 years$1,193$802$526$337$212$37
36 years$1,147$761$492$310$192$32
37 years$1,103$723$460$286$174$27
38 years$1,062$687$431$264$158$23
39 years$1,024$654$404$243$143$20
40 years$987$622$378$224$130$17
41 years$952$592$355$207$118$14
42 years$919$564$333$191$107$12
43 years$888$537$312$176$97$10
44 years$858$512$293$163$88$9
45 years$829$488$275$150$80$8
46 years$802$466$259$139$73$6
47 years$776$444$243$128$66$6
48 years$751$424$228$118$60$5
49 years$728$405$215$109$54$4
50 years$705$387$202$101$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $722,000, adding $5,434 every year, while hoping to spend $23,990 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: 27/45/28 Blend
62$722,000$722,000$722,000$722,000
63$801,249$762,983$751,792$815,793
64$857,451$774,844$751,452$839,852
65$918,582$786,482$750,296$863,247
66$985,119$797,861$748,273$887,880
67$1,057,587$808,942$745,326$913,870
68$1,136,564$819,684$741,398$941,355
69$1,222,687$830,042$736,428$970,485
70$1,316,656$839,968$730,352$1,001,427
71$1,419,240$849,413$723,105$1,034,368
72$1,531,290$858,321$714,616$1,069,515
73$1,653,738$866,635$704,812$1,107,096
74$1,787,612$874,293$693,617$1,147,368
75$1,934,046$881,231$680,950$1,190,611
76$2,094,285$887,377$666,728$1,237,141
77$2,269,701$892,658$650,863$1,287,305
78$2,461,807$896,994$633,263$1,341,489
79$2,672,266$900,302$613,832$1,400,121
80$2,902,912$902,492$592,470$1,463,675
81$3,155,763$903,468$569,072$1,532,676
82$3,433,043$903,130$543,528$1,607,706
83$3,737,200$901,369$515,722$1,689,411
84$4,070,931$898,074$485,536$1,778,504
85$4,437,208$893,122$452,844$1,875,776
86$4,839,304$886,384$417,514$1,982,102
87$5,280,822$877,726$379,410$2,098,452
88$5,765,734$867,003$338,389$2,225,897
89$6,298,415$854,062$294,300$2,365,623
90$6,883,683$838,741$246,989$2,518,944
91$7,526,848$820,869$196,293$2,687,310
92$8,233,757$800,263$142,040$2,872,327
93$9,010,856$776,731$84,054$3,075,769
94$9,865,242$750,070$22,148$3,299,601
95$10,804,737$720,063$0$3,545,989
96$11,837,958$686,484$0$3,830,454
97$12,974,398$649,090$0$4,150,439
98$14,224,517$607,626$0$4,502,310
99$15,599,840$561,822$0$4,889,371
100$17,113,066$511,393$0$5,315,262