Can I retire at age 63 with 725,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$59,870$59,337$58,816$58,308$57,813$56,715
2 years$29,639$29,087$28,552$28,033$27,530$26,428
3 years$19,563$19,008$18,475$17,961$17,466$16,395
4 years$14,526$13,973$13,445$12,940$12,457$11,424
5 years$11,504$10,955$10,434$9,939$9,470$8,479
6 years$9,491$8,946$8,432$7,948$7,493$6,545
7 years$8,053$7,513$7,007$6,535$6,094$5,188
8 years$6,975$6,440$5,943$5,482$5,055$4,193
9 years$6,138$5,607$5,118$4,669$4,257$3,437
10 years$5,468$4,942$4,462$4,025$3,627$2,848
11 years$4,920$4,400$3,929$3,503$3,120$2,381
12 years$4,464$3,949$3,486$3,073$2,704$2,004
13 years$4,078$3,569$3,115$2,713$2,358$1,697
14 years$3,748$3,244$2,799$2,408$2,067$1,443
15 years$3,462$2,963$2,527$2,147$1,820$1,232
16 years$3,212$2,719$2,291$1,923$1,608$1,055
17 years$2,992$2,504$2,085$1,728$1,426$906
18 years$2,796$2,314$1,903$1,557$1,268$779
19 years$2,621$2,144$1,742$1,407$1,130$672
20 years$2,464$1,993$1,599$1,274$1,009$580
21 years$2,322$1,856$1,471$1,156$903$502
22 years$2,193$1,733$1,355$1,051$810$435
23 years$2,076$1,620$1,252$958$727$377
24 years$1,968$1,518$1,157$873$653$327
25 years$1,869$1,425$1,072$798$588$284
26 years$1,778$1,339$994$729$530$247
27 years$1,694$1,260$923$668$477$214
28 years$1,616$1,188$858$612$431$186
29 years$1,543$1,120$799$561$389$162
30 years$1,476$1,058$744$515$351$141
31 years$1,413$1,000$694$473$318$123
32 years$1,354$946$647$434$287$107
33 years$1,298$896$604$400$260$93
34 years$1,246$849$565$368$236$81
35 years$1,198$806$528$338$213$71
36 years$1,151$765$494$312$193$62
37 years$1,108$726$462$287$175$54
38 years$1,067$690$433$265$159$47
39 years$1,028$656$405$244$144$41
40 years$991$624$380$225$131$36
41 years$956$594$356$208$119$31
42 years$923$566$334$192$108$27
43 years$891$539$314$177$98$24
44 years$861$514$294$163$89$21
45 years$833$490$276$151$80$18
46 years$805$468$260$139$73$16
47 years$779$446$244$129$66$14
48 years$754$426$229$119$60$12
49 years$731$407$215$110$55$10
50 years$708$389$203$102$50$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $725,000, adding $4,380 every year, while hoping to spend $46,576 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: 61/16/23 Blend
62$725,000$725,000$725,000$725,000
63$803,468$765,043$753,805$847,344
64$835,865$752,974$729,501$865,524
65$870,006$738,752$702,822$879,867
66$906,019$722,223$673,639$894,490
67$944,044$703,223$641,817$909,427
68$984,235$681,579$607,216$924,720
69$1,026,757$657,107$569,689$940,414
70$1,071,795$629,614$529,081$956,563
71$1,119,546$598,892$485,233$973,230
72$1,170,227$564,726$437,977$990,482
73$1,224,078$526,886$387,137$1,008,401
74$1,281,358$485,127$332,530$1,027,077
75$1,342,352$439,193$273,965$1,046,613
76$1,407,371$388,813$211,242$1,067,126
77$1,476,758$333,700$144,153$1,088,748
78$1,550,886$273,550$72,481$1,111,627
79$1,630,165$208,042$0$1,135,932
80$1,715,044$136,840$0$1,162,836
81$1,806,018$59,584$0$1,210,613
82$1,903,626$0$0$1,261,758
83$2,008,462$0$0$1,320,847
84$2,121,177$0$0$1,395,694
85$2,242,487$0$0$1,476,289
86$2,373,176$0$0$1,563,159
87$2,514,107$0$0$1,656,883
88$2,666,227$0$0$1,758,098
89$2,830,577$0$0$1,867,500
90$3,008,302$0$0$1,985,859
91$3,200,658$0$0$2,114,019
92$3,409,028$0$0$2,252,907
93$3,634,932$0$0$2,403,545
94$3,880,041$0$0$2,567,054
95$4,146,192$0$0$2,744,669
96$4,435,409$0$0$2,937,748
97$4,749,914$0$0$3,147,784
98$5,092,154$0$0$3,376,421
99$5,464,822$0$0$3,625,467
100$5,870,880$0$0$3,896,912