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%17.8%
1 years$60,448$59,909$59,384$58,871$58,371$56,525
2 years$29,925$29,367$28,827$28,304$27,796$25,953
3 years$19,752$19,192$18,653$18,134$17,635$15,852
4 years$14,666$14,108$13,575$13,065$12,577$10,869
5 years$11,616$11,061$10,535$10,035$9,561$7,932
6 years$9,583$9,032$8,513$8,025$7,565$6,017
7 years$8,131$7,585$7,075$6,598$6,153$4,684
8 years$7,043$6,502$6,000$5,535$5,104$3,715
9 years$6,197$5,661$5,168$4,714$4,298$2,987
10 years$5,520$4,990$4,505$4,064$3,662$2,427
11 years$4,967$4,442$3,966$3,537$3,150$1,988
12 years$4,507$3,987$3,520$3,102$2,730$1,638
13 years$4,118$3,603$3,145$2,739$2,380$1,357
14 years$3,784$3,275$2,826$2,431$2,087$1,129
15 years$3,495$2,992$2,551$2,168$1,837$943
16 years$3,243$2,745$2,313$1,941$1,624$789
17 years$3,021$2,528$2,105$1,744$1,440$662
18 years$2,823$2,336$1,921$1,572$1,280$556
19 years$2,647$2,165$1,759$1,420$1,141$468
20 years$2,488$2,012$1,614$1,286$1,019$395
21 years$2,344$1,874$1,485$1,168$912$333
22 years$2,214$1,749$1,369$1,062$817$281
23 years$2,096$1,636$1,264$967$734$238
24 years$1,987$1,533$1,169$882$660$201
25 years$1,887$1,439$1,082$805$594$170
26 years$1,795$1,352$1,004$736$535$144
27 years$1,710$1,272$932$674$482$122
28 years$1,631$1,199$867$617$435$104
29 years$1,558$1,131$806$566$393$88
30 years$1,490$1,068$751$520$355$74
31 years$1,426$1,010$700$477$321$63
32 years$1,367$955$653$439$290$53
33 years$1,311$905$610$403$263$45
34 years$1,258$858$570$371$238$38
35 years$1,209$813$533$342$215$33
36 years$1,163$772$499$315$195$28
37 years$1,119$733$467$290$177$24
38 years$1,077$697$437$267$160$20
39 years$1,038$663$409$246$145$17
40 years$1,001$630$384$227$132$14
41 years$965$600$360$210$120$12
42 years$932$572$338$194$109$10
43 years$900$545$317$179$99$9
44 years$870$519$297$165$89$7
45 years$841$495$279$152$81$6
46 years$813$472$262$141$74$5
47 years$787$451$246$130$67$5
48 years$762$430$231$120$61$4
49 years$738$411$218$111$55$3
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 $3,556 every year, while hoping to spend $49,981 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: 68/19/13 Blend
62$732,000$732,000$732,000$732,000
63$810,332$771,536$760,190$862,836
64$839,806$756,162$732,477$882,855
65$870,612$738,359$702,160$898,457
66$902,832$717,956$669,100$914,237
67$936,556$694,771$633,150$930,205
68$971,882$668,612$594,158$946,377
69$1,008,914$639,274$551,962$962,768
70$1,047,767$606,543$506,397$979,400
71$1,088,566$570,190$457,288$996,297
72$1,131,445$529,974$404,452$1,013,487
73$1,176,550$485,641$347,699$1,031,005
74$1,224,042$436,921$286,831$1,048,889
75$1,274,094$383,530$221,639$1,067,185
76$1,326,895$325,166$151,907$1,085,946
77$1,382,651$261,512$77,409$1,105,233
78$1,441,587$192,232$0$1,125,116
79$1,503,948$116,971$0$1,145,966
80$1,570,003$35,355$0$1,179,061
81$1,640,045$0$0$1,213,793
82$1,714,392$0$0$1,261,403
83$1,793,395$0$0$1,319,871
84$1,877,437$0$0$1,382,092
85$1,966,936$0$0$1,448,378
86$2,062,352$0$0$1,519,073
87$2,164,185$0$0$1,594,553
88$2,272,987$0$0$1,675,228
89$2,389,360$0$0$1,761,549
90$2,513,966$0$0$1,854,012
91$2,647,530$0$0$1,953,159
92$2,790,848$0$0$2,059,586
93$2,944,791$0$0$2,173,944
94$3,110,319$0$0$2,296,953
95$3,288,484$0$0$2,429,397
96$3,480,440$0$0$2,572,143
97$3,687,456$0$0$2,726,141
98$3,910,927$0$0$2,892,432
99$4,152,383$0$0$3,072,164
100$4,413,507$0$0$3,266,597