Can I retire at age 63 with 731,000?

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 $731,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$60,365$59,828$59,303$58,791$58,291$56,813
2 years$29,884$29,327$28,788$28,265$27,758$26,278
3 years$19,725$19,166$18,628$18,110$17,611$16,176
4 years$14,646$14,089$13,556$13,047$12,560$11,181
5 years$11,600$11,046$10,520$10,021$9,548$8,228
6 years$9,569$9,020$8,502$8,014$7,555$6,296
7 years$8,120$7,575$7,065$6,589$6,144$4,947
8 years$7,033$6,493$5,992$5,527$5,097$3,960
9 years$6,188$5,653$5,161$4,708$4,293$3,215
10 years$5,513$4,983$4,499$4,058$3,657$2,639
11 years$4,961$4,436$3,961$3,532$3,146$2,183
12 years$4,501$3,982$3,515$3,098$2,726$1,819
13 years$4,112$3,598$3,141$2,735$2,377$1,523
14 years$3,779$3,271$2,822$2,428$2,084$1,281
15 years$3,491$2,988$2,548$2,165$1,835$1,082
16 years$3,239$2,741$2,310$1,939$1,621$916
17 years$3,016$2,525$2,102$1,742$1,438$777
18 years$2,819$2,333$1,919$1,570$1,278$661
19 years$2,643$2,162$1,757$1,418$1,139$563
20 years$2,484$2,009$1,612$1,285$1,018$481
21 years$2,341$1,871$1,483$1,166$911$411
22 years$2,211$1,747$1,367$1,060$816$351
23 years$2,093$1,634$1,262$965$733$301
24 years$1,984$1,531$1,167$881$659$258
25 years$1,885$1,437$1,081$804$593$221
26 years$1,793$1,350$1,002$735$534$189
27 years$1,708$1,271$931$673$481$163
28 years$1,629$1,197$865$617$434$140
29 years$1,556$1,130$805$565$392$120
30 years$1,488$1,067$750$519$354$103
31 years$1,424$1,008$699$477$320$88
32 years$1,365$954$652$438$290$76
33 years$1,309$904$609$403$262$65
34 years$1,257$856$569$371$237$56
35 years$1,207$812$532$341$215$48
36 years$1,161$771$498$314$195$42
37 years$1,117$732$466$290$177$36
38 years$1,076$696$436$267$160$31
39 years$1,037$662$409$246$145$26
40 years$999$630$383$227$132$23
41 years$964$599$359$209$119$20
42 years$931$571$337$193$108$17
43 years$899$544$316$178$98$14
44 years$869$518$297$165$89$12
45 years$840$494$279$152$81$11
46 years$812$472$262$141$74$9
47 years$786$450$246$130$67$8
48 years$761$430$231$120$61$7
49 years$737$410$217$111$55$6
50 years$714$392$204$102$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $731,000, adding $2,963 every year, while hoping to spend $58,402 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: 66/13/21 Blend
62$731,000$731,000$731,000$731,000
63$808,618$769,875$758,545$857,496
64$828,958$745,460$721,817$866,252
65$849,415$717,891$681,901$868,866
66$869,940$686,952$638,629$870,346
67$890,475$652,414$591,825$870,582
68$910,957$614,036$541,304$869,454
69$931,312$571,561$486,875$866,832
70$951,458$524,719$428,337$862,577
71$971,301$473,225$365,481$856,535
72$990,735$416,775$298,087$848,541
73$1,009,644$355,050$225,926$838,417
74$1,027,893$287,713$148,760$825,969
75$1,045,335$214,408$66,340$810,986
76$1,061,803$134,757$0$793,239
77$1,077,111$48,364$0$777,323
78$1,091,050$0$0$774,304
79$1,103,390$0$0$775,536
80$1,113,871$0$0$782,310
81$1,122,207$0$0$787,496
82$1,128,076$0$0$790,860
83$1,131,123$0$0$792,144
84$1,130,953$0$0$791,058
85$1,127,126$0$0$787,282
86$1,119,154$0$0$780,460
87$1,106,496$0$0$770,198
88$1,088,552$0$0$756,058
89$1,064,658$0$0$737,556
90$1,034,077$0$0$714,154
91$995,992$0$0$685,259
92$949,500$0$0$650,211
93$893,602$0$0$608,283
94$827,190$0$0$558,669
95$749,042$0$0$500,477
96$657,802$0$0$432,720
97$551,976$0$0$354,311
98$429,908$0$0$264,043
99$289,771$0$0$160,586
100$129,544$0$0$42,470