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%16.7%
1 years$60,035$59,500$58,978$58,469$57,972$56,388
2 years$29,720$29,167$28,630$28,110$27,606$26,021
3 years$19,617$19,061$18,526$18,010$17,514$15,979
4 years$14,566$14,012$13,482$12,976$12,491$11,017
5 years$11,536$10,985$10,463$9,966$9,496$8,087
6 years$9,517$8,970$8,455$7,970$7,514$6,171
7 years$8,075$7,533$7,026$6,553$6,111$4,835
8 years$6,995$6,457$5,959$5,497$5,069$3,859
9 years$6,155$5,622$5,132$4,682$4,269$3,124
10 years$5,483$4,956$4,475$4,036$3,637$2,555
11 years$4,934$4,412$3,939$3,513$3,128$2,108
12 years$4,476$3,960$3,496$3,081$2,711$1,750
13 years$4,089$3,579$3,124$2,720$2,364$1,461
14 years$3,758$3,253$2,806$2,415$2,072$1,225
15 years$3,472$2,972$2,534$2,153$1,825$1,030
16 years$3,221$2,726$2,297$1,928$1,613$869
17 years$3,000$2,511$2,090$1,732$1,430$735
18 years$2,804$2,320$1,908$1,561$1,271$623
19 years$2,628$2,150$1,747$1,411$1,133$529
20 years$2,471$1,998$1,603$1,278$1,012$450
21 years$2,328$1,861$1,475$1,160$906$383
22 years$2,199$1,737$1,359$1,054$812$326
23 years$2,081$1,625$1,255$960$729$278
24 years$1,973$1,522$1,161$876$655$237
25 years$1,874$1,429$1,075$800$589$202
26 years$1,783$1,343$997$731$531$173
27 years$1,699$1,264$926$669$479$148
28 years$1,620$1,191$861$613$432$126
29 years$1,548$1,123$801$562$390$108
30 years$1,480$1,061$746$516$352$92
31 years$1,417$1,003$695$474$319$79
32 years$1,357$949$649$436$288$68
33 years$1,302$899$606$401$261$58
34 years$1,250$852$566$369$236$50
35 years$1,201$808$529$339$214$42
36 years$1,155$767$495$312$194$36
37 years$1,111$728$463$288$176$31
38 years$1,070$692$434$265$159$27
39 years$1,031$658$407$245$144$23
40 years$994$626$381$226$131$20
41 years$959$596$357$208$119$17
42 years$926$568$335$192$108$14
43 years$894$541$315$177$98$12
44 years$864$516$295$164$89$11
45 years$835$492$277$151$81$9
46 years$808$469$260$140$73$8
47 years$782$448$245$129$66$7
48 years$757$427$230$119$60$6
49 years$733$408$216$110$55$5
50 years$710$390$203$102$50$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $727,000, adding $3,663 every year, while hoping to spend $34,152 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: 45/47/8 Blend
62$727,000$727,000$727,000$727,000
63$804,932$766,401$755,133$839,189
64$850,698$767,618$744,092$864,443
65$899,987$767,749$731,537$887,994
66$953,123$766,706$717,381$912,744
67$1,010,461$764,394$701,533$938,815
68$1,072,391$760,712$683,897$966,343
69$1,139,342$755,554$664,375$995,480
70$1,211,786$748,807$642,862$1,026,395
71$1,290,240$740,350$619,250$1,059,278
72$1,375,274$730,057$593,425$1,094,338
73$1,467,515$717,793$565,267$1,131,810
74$1,567,651$703,414$534,653$1,171,956
75$1,676,440$686,771$501,453$1,215,065
76$1,794,716$667,701$465,530$1,261,462
77$1,923,395$646,037$426,744$1,311,504
78$2,063,486$621,597$384,945$1,365,593
79$2,216,100$594,194$339,978$1,424,172
80$2,382,458$563,625$291,683$1,487,735
81$2,563,904$529,677$239,890$1,556,829
82$2,761,918$492,128$184,422$1,632,064
83$2,978,129$450,738$125,096$1,714,115
84$3,214,330$405,256$61,719$1,803,731
85$3,472,496$355,418$0$1,901,745
86$3,754,799$300,941$0$2,009,582
87$4,063,632$241,531$0$2,133,417
88$4,401,631$176,874$0$2,269,126
89$4,771,696$106,640$0$2,417,987
90$5,177,022$30,478$0$2,581,411
91$5,621,127$0$0$2,760,961
92$6,107,887$0$0$2,985,249
93$6,641,569$0$0$3,248,527
94$7,226,873$0$0$3,537,360
95$7,868,975$0$0$3,854,316
96$8,573,578$0$0$4,202,219
97$9,346,962$0$0$4,584,184
98$10,196,047$0$0$5,003,639
99$11,128,452$0$0$5,464,363
100$12,152,574$0$0$5,970,516