Can I retire at age 63 with 727,000?

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 $727,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$60,035$59,500$58,978$58,469$57,972$56,640
2 years$29,720$29,167$28,630$28,110$27,606$26,271
3 years$19,617$19,061$18,526$18,010$17,514$16,218
4 years$14,566$14,012$13,482$12,976$12,491$11,244
5 years$11,536$10,985$10,463$9,966$9,496$8,301
6 years$9,517$8,970$8,455$7,970$7,514$6,373
7 years$8,075$7,533$7,026$6,553$6,111$5,024
8 years$6,995$6,457$5,959$5,497$5,069$4,036
9 years$6,155$5,622$5,132$4,682$4,269$3,289
10 years$5,483$4,956$4,475$4,036$3,637$2,709
11 years$4,934$4,412$3,939$3,513$3,128$2,250
12 years$4,476$3,960$3,496$3,081$2,711$1,882
13 years$4,089$3,579$3,124$2,720$2,364$1,583
14 years$3,758$3,253$2,806$2,415$2,072$1,337
15 years$3,472$2,972$2,534$2,153$1,825$1,133
16 years$3,221$2,726$2,297$1,928$1,613$964
17 years$3,000$2,511$2,090$1,732$1,430$821
18 years$2,804$2,320$1,908$1,561$1,271$702
19 years$2,628$2,150$1,747$1,411$1,133$601
20 years$2,471$1,998$1,603$1,278$1,012$515
21 years$2,328$1,861$1,475$1,160$906$442
22 years$2,199$1,737$1,359$1,054$812$380
23 years$2,081$1,625$1,255$960$729$327
24 years$1,973$1,522$1,161$876$655$281
25 years$1,874$1,429$1,075$800$589$242
26 years$1,783$1,343$997$731$531$209
27 years$1,699$1,264$926$669$479$180
28 years$1,620$1,191$861$613$432$155
29 years$1,548$1,123$801$562$390$134
30 years$1,480$1,061$746$516$352$116
31 years$1,417$1,003$695$474$319$100
32 years$1,357$949$649$436$288$86
33 years$1,302$899$606$401$261$75
34 years$1,250$852$566$369$236$64
35 years$1,201$808$529$339$214$56
36 years$1,155$767$495$312$194$48
37 years$1,111$728$463$288$176$42
38 years$1,070$692$434$265$159$36
39 years$1,031$658$407$245$144$31
40 years$994$626$381$226$131$27
41 years$959$596$357$208$119$23
42 years$926$568$335$192$108$20
43 years$894$541$315$177$98$17
44 years$864$516$295$164$89$15
45 years$835$492$277$151$81$13
46 years$808$469$260$140$73$11
47 years$782$448$245$129$66$10
48 years$757$427$230$119$60$8
49 years$733$408$216$110$55$7
50 years$710$390$203$102$50$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $727,000, adding $6,233 every year, while hoping to spend $50,219 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: 44/43/13 Blend
62$727,000$727,000$727,000$727,000
63$807,583$769,052$757,784$839,837
64$836,524$753,303$729,737$847,207
65$866,734$735,099$699,067$849,641
66$898,289$714,267$665,634$851,175
67$931,272$690,624$629,290$851,746
68$965,771$663,974$589,882$851,288
69$1,001,885$634,114$547,247$849,736
70$1,039,716$600,824$501,219$847,017
71$1,079,379$563,876$451,622$843,062
72$1,120,996$523,027$398,271$837,794
73$1,164,701$478,019$340,977$831,138
74$1,210,639$428,580$279,538$823,014
75$1,258,967$374,424$213,746$813,341
76$1,309,858$315,246$143,382$802,036
77$1,363,497$250,727$68,219$789,015
78$1,420,088$180,528$0$774,192
79$1,479,854$104,290$0$759,144
80$1,543,036$21,637$0$752,325
81$1,609,897$0$0$744,212
82$1,680,727$0$0$766,849
83$1,755,840$0$0$801,755
84$1,835,580$0$0$838,856
85$1,920,324$0$0$878,335
86$2,010,484$0$0$920,388
87$2,106,510$0$0$965,234
88$2,208,896$0$0$1,013,110
89$2,318,182$0$0$1,064,275
90$2,434,961$0$0$1,119,016
91$2,559,881$0$0$1,177,646
92$2,693,655$0$0$1,240,507
93$2,837,063$0$0$1,307,976
94$2,990,960$0$0$1,380,467
95$3,156,288$0$0$1,458,433
96$3,334,077$0$0$1,542,371
97$3,525,460$0$0$1,632,830
98$3,731,679$0$0$1,730,409
99$3,954,102$0$0$1,835,769
100$4,194,229$0$0$1,949,634