Can I retire at age 63 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$60,118$59,582$59,060$58,550$58,052$57,279
2 years$29,761$29,207$28,670$28,149$27,644$26,866
3 years$19,644$19,087$18,551$18,035$17,538$16,780
4 years$14,586$14,031$13,501$12,993$12,508$11,776
5 years$11,552$11,000$10,477$9,980$9,509$8,804
6 years$9,530$8,983$8,467$7,981$7,524$6,848
7 years$8,087$7,544$7,036$6,562$6,119$5,471
8 years$7,004$6,466$5,967$5,505$5,076$4,457
9 years$6,163$5,630$5,139$4,689$4,275$3,684
10 years$5,490$4,963$4,481$4,042$3,642$3,080
11 years$4,940$4,418$3,945$3,517$3,133$2,597
12 years$4,482$3,965$3,501$3,085$2,715$2,206
13 years$4,095$3,583$3,128$2,724$2,367$1,885
14 years$3,763$3,257$2,810$2,418$2,075$1,618
15 years$3,476$2,976$2,537$2,156$1,827$1,394
16 years$3,225$2,730$2,300$1,931$1,615$1,206
17 years$3,004$2,514$2,093$1,735$1,432$1,046
18 years$2,808$2,323$1,911$1,563$1,273$909
19 years$2,632$2,153$1,749$1,413$1,135$792
20 years$2,474$2,001$1,606$1,279$1,014$691
21 years$2,332$1,864$1,477$1,161$907$604
22 years$2,202$1,740$1,361$1,056$813$529
23 years$2,084$1,627$1,257$962$730$463
24 years$1,976$1,525$1,162$877$656$406
25 years$1,877$1,431$1,076$801$590$357
26 years$1,785$1,345$998$732$532$313
27 years$1,701$1,265$927$670$479$276
28 years$1,623$1,192$862$614$433$242
29 years$1,550$1,125$802$563$391$213
30 years$1,482$1,062$747$517$353$188
31 years$1,419$1,004$696$475$319$165
32 years$1,359$950$650$436$289$146
33 years$1,304$900$607$401$261$129
34 years$1,252$853$567$369$236$113
35 years$1,202$809$530$340$214$100
36 years$1,156$768$496$313$194$88
37 years$1,113$729$464$288$176$78
38 years$1,071$693$435$266$159$69
39 years$1,032$659$407$245$145$61
40 years$995$627$382$226$131$53
41 years$960$597$358$209$119$47
42 years$927$568$336$192$108$42
43 years$895$542$315$178$98$37
44 years$865$516$296$164$89$32
45 years$836$492$278$151$81$29
46 years$809$470$261$140$73$25
47 years$783$448$245$129$67$22
48 years$758$428$230$119$60$20
49 years$734$409$216$110$55$17
50 years$711$390$203$102$50$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $728,000, adding $6,023 every year, while hoping to spend $44,112 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: 73/10/17 Blend
62$728,000$728,000$728,000$728,000
63$808,469$769,885$758,601$863,896
64$843,998$760,674$737,079$892,250
65$881,672$749,534$713,358$917,347
66$921,664$736,323$687,317$943,688
67$964,163$720,891$658,831$971,387
68$1,009,374$703,081$627,768$1,000,569
69$1,057,522$682,724$593,990$1,031,375
70$1,108,855$659,644$557,355$1,063,959
71$1,163,643$633,651$517,711$1,098,494
72$1,222,183$604,548$474,903$1,135,169
73$1,284,799$572,125$428,765$1,174,195
74$1,351,848$536,158$379,128$1,215,805
75$1,423,719$496,412$325,812$1,260,257
76$1,500,842$452,640$268,630$1,307,838
77$1,583,686$404,577$207,387$1,358,863
78$1,672,767$351,947$141,880$1,413,684
79$1,768,653$294,456$71,896$1,472,687
80$1,871,965$231,794$0$1,536,303
81$1,983,386$163,632$0$1,605,512
82$2,103,667$89,626$0$1,694,283
83$2,233,633$9,410$0$1,790,187
84$2,374,191$0$0$1,893,912
85$2,526,336$0$0$2,014,733
86$2,691,165$0$0$2,146,777
87$2,869,881$0$0$2,289,975
88$3,063,808$0$0$2,445,392
89$3,274,405$0$0$2,614,200
90$3,503,272$0$0$2,797,686
91$3,752,172$0$0$2,997,269
92$4,023,044$0$0$3,214,507
93$4,318,022$0$0$3,451,116
94$4,639,453$0$0$3,708,984
95$4,989,921$0$0$3,990,188
96$5,372,271$0$0$4,297,017
97$5,789,631$0$0$4,631,987
98$6,245,449$0$0$4,997,869
99$6,743,515$0$0$5,397,714
100$7,288,007$0$0$5,834,880