Can I retire at age 63 with 728,000?

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 $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%13.3%
1 years$60,118$59,582$59,060$58,550$58,052$57,255
2 years$29,761$29,207$28,670$28,149$27,644$26,843
3 years$19,644$19,087$18,551$18,035$17,538$16,757
4 years$14,586$14,031$13,501$12,993$12,508$11,754
5 years$11,552$11,000$10,477$9,980$9,509$8,783
6 years$9,530$8,983$8,467$7,981$7,524$6,827
7 years$8,087$7,544$7,036$6,562$6,119$5,452
8 years$7,004$6,466$5,967$5,505$5,076$4,439
9 years$6,163$5,630$5,139$4,689$4,275$3,667
10 years$5,490$4,963$4,481$4,042$3,642$3,063
11 years$4,940$4,418$3,945$3,517$3,133$2,582
12 years$4,482$3,965$3,501$3,085$2,715$2,192
13 years$4,095$3,583$3,128$2,724$2,367$1,871
14 years$3,763$3,257$2,810$2,418$2,075$1,605
15 years$3,476$2,976$2,537$2,156$1,827$1,383
16 years$3,225$2,730$2,300$1,931$1,615$1,195
17 years$3,004$2,514$2,093$1,735$1,432$1,035
18 years$2,808$2,323$1,911$1,563$1,273$900
19 years$2,632$2,153$1,749$1,413$1,135$783
20 years$2,474$2,001$1,606$1,279$1,014$683
21 years$2,332$1,864$1,477$1,161$907$596
22 years$2,202$1,740$1,361$1,056$813$522
23 years$2,084$1,627$1,257$962$730$457
24 years$1,976$1,525$1,162$877$656$400
25 years$1,877$1,431$1,076$801$590$351
26 years$1,785$1,345$998$732$532$308
27 years$1,701$1,265$927$670$479$271
28 years$1,623$1,192$862$614$433$238
29 years$1,550$1,125$802$563$391$209
30 years$1,482$1,062$747$517$353$184
31 years$1,419$1,004$696$475$319$162
32 years$1,359$950$650$436$289$143
33 years$1,304$900$607$401$261$126
34 years$1,252$853$567$369$236$111
35 years$1,202$809$530$340$214$98
36 years$1,156$768$496$313$194$86
37 years$1,113$729$464$288$176$76
38 years$1,071$693$435$266$159$67
39 years$1,032$659$407$245$145$59
40 years$995$627$382$226$131$52
41 years$960$597$358$209$119$46
42 years$927$568$336$192$108$40
43 years$895$542$315$178$98$36
44 years$865$516$296$164$89$31
45 years$836$492$278$151$81$28
46 years$809$470$261$140$73$24
47 years$783$448$245$129$67$22
48 years$758$428$230$119$60$19
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 $5,821 every year, while hoping to spend $22,674 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: 29/45/26 Blend
62$728,000$728,000$728,000$728,000
63$808,260$769,676$758,392$825,055
64$866,578$783,266$759,674$852,269
65$930,084$796,761$760,238$879,132
66$999,284$810,133$760,037$907,553
67$1,074,733$823,352$759,021$937,681
68$1,157,045$836,385$757,137$969,682
69$1,246,892$849,196$754,329$1,003,740
70$1,345,016$861,748$750,540$1,040,059
71$1,452,233$873,999$745,709$1,078,864
72$1,569,442$885,906$739,771$1,120,404
73$1,697,632$897,423$732,661$1,164,956
74$1,837,894$908,500$724,308$1,212,825
75$1,991,425$919,083$714,639$1,264,351
76$2,159,548$929,116$703,577$1,319,908
77$2,343,717$938,537$691,042$1,379,910
78$2,545,534$947,283$676,949$1,444,817
79$2,766,763$955,285$661,212$1,515,137
80$3,009,348$962,468$643,737$1,591,430
81$3,275,428$968,756$624,428$1,674,319
82$3,567,360$974,064$603,186$1,764,490
83$3,887,742$978,303$579,903$1,862,702
84$4,239,432$981,381$554,471$1,969,797
85$4,625,582$983,197$526,773$2,086,703
86$5,049,661$983,643$496,690$2,214,445
87$5,515,493$982,609$464,096$2,354,160
88$6,027,290$979,972$428,859$2,507,100
89$6,589,689$975,607$390,842$2,674,652
90$7,207,804$969,378$349,901$2,858,347
91$7,887,264$961,141$305,887$3,059,877
92$8,634,273$950,746$258,642$3,281,109
93$9,455,666$938,029$208,004$3,524,110
94$10,358,973$922,822$153,802$3,791,158
95$11,352,491$904,943$95,857$4,084,772
96$12,445,360$884,200$33,983$4,407,733
97$13,647,651$860,390$0$4,763,112
98$14,970,462$833,299$0$5,163,189
99$16,426,017$802,699$0$5,613,457
100$18,027,789$768,350$0$6,108,668