Can I retire at age 63 with 732,000?

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 $732,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$60,448$59,909$59,384$58,871$58,371$56,570
2 years$29,925$29,367$28,827$28,304$27,796$25,997
3 years$19,752$19,192$18,653$18,134$17,635$15,895
4 years$14,666$14,108$13,575$13,065$12,577$10,910
5 years$11,616$11,061$10,535$10,035$9,561$7,970
6 years$9,583$9,032$8,513$8,025$7,565$6,052
7 years$8,131$7,585$7,075$6,598$6,153$4,717
8 years$7,043$6,502$6,000$5,535$5,104$3,746
9 years$6,197$5,661$5,168$4,714$4,298$3,015
10 years$5,520$4,990$4,505$4,064$3,662$2,453
11 years$4,967$4,442$3,966$3,537$3,150$2,012
12 years$4,507$3,987$3,520$3,102$2,730$1,660
13 years$4,118$3,603$3,145$2,739$2,380$1,377
14 years$3,784$3,275$2,826$2,431$2,087$1,148
15 years$3,495$2,992$2,551$2,168$1,837$959
16 years$3,243$2,745$2,313$1,941$1,624$804
17 years$3,021$2,528$2,105$1,744$1,440$676
18 years$2,823$2,336$1,921$1,572$1,280$569
19 years$2,647$2,165$1,759$1,420$1,141$480
20 years$2,488$2,012$1,614$1,286$1,019$405
21 years$2,344$1,874$1,485$1,168$912$342
22 years$2,214$1,749$1,369$1,062$817$289
23 years$2,096$1,636$1,264$967$734$245
24 years$1,987$1,533$1,169$882$660$208
25 years$1,887$1,439$1,082$805$594$176
26 years$1,795$1,352$1,004$736$535$149
27 years$1,710$1,272$932$674$482$127
28 years$1,631$1,199$867$617$435$107
29 years$1,558$1,131$806$566$393$91
30 years$1,490$1,068$751$520$355$77
31 years$1,426$1,010$700$477$321$66
32 years$1,367$955$653$439$290$56
33 years$1,311$905$610$403$263$48
34 years$1,258$858$570$371$238$40
35 years$1,209$813$533$342$215$34
36 years$1,163$772$499$315$195$29
37 years$1,119$733$467$290$177$25
38 years$1,077$697$437$267$160$21
39 years$1,038$663$409$246$145$18
40 years$1,001$630$384$227$132$15
41 years$965$600$360$210$120$13
42 years$932$572$338$194$109$11
43 years$900$545$317$179$99$9
44 years$870$519$297$165$89$8
45 years$841$495$279$152$81$7
46 years$813$472$262$141$74$6
47 years$787$451$246$130$67$5
48 years$762$430$231$120$61$4
49 years$738$411$218$111$55$4
50 years$715$392$205$103$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $732,000, adding $5,839 every year, while hoping to spend $53,338 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: 70/18/12 Blend
62$732,000$732,000$732,000$732,000
63$812,687$773,891$762,545$867,096
64$838,830$755,060$731,339$885,125
65$865,852$733,519$697,300$897,831
66$893,786$709,079$660,277$910,329
67$922,667$681,539$620,111$922,586
68$952,532$650,688$576,638$934,573
69$983,419$616,301$529,685$946,254
70$1,015,370$578,141$479,071$957,594
71$1,048,426$535,958$424,608$968,556
72$1,082,633$489,488$366,100$979,099
73$1,118,038$438,449$303,341$989,183
74$1,154,691$382,546$236,116$998,763
75$1,192,645$321,466$164,201$1,007,794
76$1,231,956$254,879$87,363$1,016,228
77$1,272,682$182,435$5,356$1,024,014
78$1,314,888$103,767$0$1,031,099
79$1,358,639$18,483$0$1,047,949
80$1,404,005$0$0$1,065,402
81$1,451,063$0$0$1,097,370
82$1,499,892$0$0$1,134,345
83$1,550,578$0$0$1,172,729
84$1,603,211$0$0$1,212,594
85$1,657,888$0$0$1,254,012
86$1,714,714$0$0$1,297,063
87$1,773,799$0$0$1,341,833
88$1,835,262$0$0$1,388,412
89$1,899,232$0$0$1,436,898
90$1,965,845$0$0$1,487,396
91$2,035,249$0$0$1,540,018
92$2,107,601$0$0$1,594,887
93$2,183,074$0$0$1,652,133
94$2,261,850$0$0$1,711,896
95$2,344,129$0$0$1,774,330
96$2,430,125$0$0$1,839,598
97$2,520,069$0$0$1,907,879
98$2,614,213$0$0$1,979,365
99$2,712,829$0$0$2,054,263
100$2,816,210$0$0$2,132,802