Can I retire at age 63 with 732,000?

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 $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%15.8%
1 years$60,448$59,909$59,384$58,871$58,371$56,983
2 years$29,925$29,367$28,827$28,304$27,796$26,405
3 years$19,752$19,192$18,653$18,134$17,635$16,286
4 years$14,666$14,108$13,575$13,065$12,577$11,280
5 years$11,616$11,061$10,535$10,035$9,561$8,319
6 years$9,583$9,032$8,513$8,025$7,565$6,379
7 years$8,131$7,585$7,075$6,598$6,153$5,023
8 years$7,043$6,502$6,000$5,535$5,104$4,031
9 years$6,197$5,661$5,168$4,714$4,298$3,281
10 years$5,520$4,990$4,505$4,064$3,662$2,699
11 years$4,967$4,442$3,966$3,537$3,150$2,239
12 years$4,507$3,987$3,520$3,102$2,730$1,870
13 years$4,118$3,603$3,145$2,739$2,380$1,570
14 years$3,784$3,275$2,826$2,431$2,087$1,325
15 years$3,495$2,992$2,551$2,168$1,837$1,121
16 years$3,243$2,745$2,313$1,941$1,624$952
17 years$3,021$2,528$2,105$1,744$1,440$811
18 years$2,823$2,336$1,921$1,572$1,280$691
19 years$2,647$2,165$1,759$1,420$1,141$591
20 years$2,488$2,012$1,614$1,286$1,019$506
21 years$2,344$1,874$1,485$1,168$912$433
22 years$2,214$1,749$1,369$1,062$817$372
23 years$2,096$1,636$1,264$967$734$319
24 years$1,987$1,533$1,169$882$660$274
25 years$1,887$1,439$1,082$805$594$236
26 years$1,795$1,352$1,004$736$535$203
27 years$1,710$1,272$932$674$482$175
28 years$1,631$1,199$867$617$435$151
29 years$1,558$1,131$806$566$393$130
30 years$1,490$1,068$751$520$355$112
31 years$1,426$1,010$700$477$321$96
32 years$1,367$955$653$439$290$83
33 years$1,311$905$610$403$263$72
34 years$1,258$858$570$371$238$62
35 years$1,209$813$533$342$215$53
36 years$1,163$772$499$315$195$46
37 years$1,119$733$467$290$177$40
38 years$1,077$697$437$267$160$34
39 years$1,038$663$409$246$145$30
40 years$1,001$630$384$227$132$26
41 years$965$600$360$210$120$22
42 years$932$572$338$194$109$19
43 years$900$545$317$179$99$16
44 years$870$519$297$165$89$14
45 years$841$495$279$152$81$12
46 years$813$472$262$141$74$11
47 years$787$451$246$130$67$9
48 years$762$430$231$120$61$8
49 years$738$411$218$111$55$7
50 years$715$392$205$103$50$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $732,000, adding $2,652 every year, while hoping to spend $49,408 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: 60/24/16 Blend
62$732,000$732,000$732,000$732,000
63$809,400$770,604$759,258$854,519
64$839,389$755,793$732,123$870,463
65$870,781$738,602$702,423$882,110
66$903,666$718,859$670,021$893,660
67$938,145$696,388$634,771$905,108
68$974,322$670,998$596,522$916,454
69$1,012,315$642,489$555,118$927,698
70$1,052,250$610,649$510,393$938,843
71$1,094,263$575,255$462,175$949,894
72$1,138,505$536,069$410,285$960,861
73$1,185,136$492,840$354,533$971,758
74$1,234,335$445,304$294,725$982,602
75$1,286,294$393,181$230,655$993,418
76$1,341,224$336,175$162,110$1,004,233
77$1,399,354$273,973$88,866$1,015,085
78$1,460,935$206,244$10,690$1,026,018
79$1,526,241$132,641$0$1,037,085
80$1,595,572$52,794$0$1,060,768
81$1,669,254$0$0$1,087,478
82$1,747,646$0$0$1,124,417
83$1,831,140$0$0$1,178,643
84$1,920,166$0$0$1,236,496
85$2,015,193$0$0$1,298,284
86$2,116,736$0$0$1,364,349
87$2,225,361$0$0$1,435,061
88$2,341,686$0$0$1,510,831
89$2,466,391$0$0$1,592,104
90$2,600,219$0$0$1,679,374
91$2,743,990$0$0$1,773,178
92$2,898,599$0$0$1,874,109
93$3,065,032$0$0$1,982,818
94$3,244,370$0$0$2,100,017
95$3,437,802$0$0$2,226,492
96$3,646,634$0$0$2,363,104
97$3,872,299$0$0$2,510,800
98$4,116,373$0$0$2,670,621
99$4,380,589$0$0$2,843,710
100$4,666,853$0$0$3,031,327