Can I retire at age 63 with 733,000?

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 $733,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$60,530$59,991$59,465$58,952$58,450$57,317
2 years$29,966$29,407$28,867$28,342$27,834$26,696
3 years$19,779$19,218$18,679$18,159$17,659$16,553
4 years$14,686$14,127$13,593$13,083$12,594$11,529
5 years$11,631$11,076$10,549$10,049$9,574$8,552
6 years$9,596$9,044$8,525$8,036$7,576$6,598
7 years$8,142$7,595$7,084$6,607$6,161$5,227
8 years$7,052$6,511$6,008$5,542$5,111$4,222
9 years$6,205$5,669$5,175$4,721$4,304$3,459
10 years$5,528$4,997$4,512$4,069$3,667$2,865
11 years$4,974$4,448$3,972$3,542$3,154$2,393
12 years$4,513$3,993$3,525$3,106$2,733$2,013
13 years$4,123$3,608$3,149$2,743$2,384$1,703
14 years$3,789$3,280$2,830$2,435$2,089$1,447
15 years$3,500$2,996$2,555$2,171$1,840$1,235
16 years$3,247$2,749$2,316$1,944$1,626$1,057
17 years$3,025$2,532$2,108$1,747$1,442$907
18 years$2,827$2,339$1,924$1,574$1,282$780
19 years$2,650$2,168$1,761$1,422$1,143$672
20 years$2,491$2,015$1,617$1,288$1,021$580
21 years$2,348$1,877$1,487$1,169$913$501
22 years$2,217$1,752$1,370$1,063$819$434
23 years$2,098$1,638$1,265$968$735$375
24 years$1,990$1,535$1,170$883$660$325
25 years$1,890$1,441$1,084$806$594$282
26 years$1,798$1,354$1,005$737$535$245
27 years$1,713$1,274$933$675$483$213
28 years$1,634$1,201$868$618$436$185
29 years$1,560$1,133$808$567$393$161
30 years$1,492$1,070$752$520$355$140
31 years$1,428$1,011$701$478$321$122
32 years$1,369$957$654$439$291$106
33 years$1,313$906$611$404$263$92
34 years$1,260$859$571$372$238$80
35 years$1,211$815$534$342$216$70
36 years$1,164$773$499$315$195$61
37 years$1,120$734$467$290$177$53
38 years$1,079$698$438$268$161$46
39 years$1,039$664$410$247$146$40
40 years$1,002$631$384$228$132$35
41 years$967$601$360$210$120$31
42 years$933$572$338$194$109$27
43 years$901$545$317$179$99$23
44 years$871$520$298$165$90$20
45 years$842$496$280$153$81$18
46 years$814$473$263$141$74$15
47 years$788$451$247$130$67$13
48 years$763$431$232$120$61$12
49 years$739$411$218$111$55$10
50 years$716$393$205$103$50$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $733,000, adding $5,190 every year, while hoping to spend $41,414 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: 49/24/27 Blend
62$733,000$733,000$733,000$733,000
63$813,119$774,270$762,909$846,506
64$851,993$768,146$744,402$864,289
65$893,445$760,332$723,888$879,078
66$937,692$750,705$701,254$894,332
67$984,976$739,129$676,385$910,115
68$1,035,559$725,462$649,160$926,499
69$1,089,731$709,554$619,451$943,567
70$1,147,807$691,246$587,126$961,413
71$1,210,135$670,368$552,047$980,142
72$1,277,096$646,744$514,068$999,876
73$1,349,108$620,182$473,037$1,020,751
74$1,426,630$590,485$428,797$1,042,919
75$1,510,167$557,439$381,183$1,066,555
76$1,600,273$520,822$330,021$1,091,853
77$1,697,555$480,397$275,131$1,119,032
78$1,802,683$435,913$216,325$1,148,337
79$1,916,391$387,107$153,406$1,180,045
80$2,039,487$333,700$86,169$1,214,463
81$2,172,859$275,395$14,400$1,251,937
82$2,317,483$211,882$0$1,292,853
83$2,474,433$142,832$0$1,355,561
84$2,644,890$67,895$0$1,428,217
85$2,830,153$0$0$1,507,278
86$3,031,650$0$0$1,596,927
87$3,250,954$0$0$1,714,083
88$3,489,794$0$0$1,841,749
89$3,750,075$0$0$1,980,951
90$4,033,889$0$0$2,132,819
91$4,343,544$0$0$2,298,596
92$4,681,577$0$0$2,479,652
93$5,050,782$0$0$2,677,494
94$5,454,234$0$0$2,893,780
95$5,895,318$0$0$3,130,338
96$6,377,763$0$0$3,389,178
97$6,905,672$0$0$3,672,516
98$7,483,565$0$0$3,982,790
99$8,116,419$0$0$4,322,686
100$8,809,715$0$0$4,695,161