Can I retire at age 63 with 733,000?

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 $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%13.7%
1 years$60,530$59,991$59,465$58,952$58,450$57,553
2 years$29,966$29,407$28,867$28,342$27,834$26,932
3 years$19,779$19,218$18,679$18,159$17,659$16,780
4 years$14,686$14,127$13,593$13,083$12,594$11,746
5 years$11,631$11,076$10,549$10,049$9,574$8,759
6 years$9,596$9,044$8,525$8,036$7,576$6,794
7 years$8,142$7,595$7,084$6,607$6,161$5,413
8 years$7,052$6,511$6,008$5,542$5,111$4,397
9 years$6,205$5,669$5,175$4,721$4,304$3,624
10 years$5,528$4,997$4,512$4,069$3,667$3,020
11 years$4,974$4,448$3,972$3,542$3,154$2,539
12 years$4,513$3,993$3,525$3,106$2,733$2,150
13 years$4,123$3,608$3,149$2,743$2,384$1,831
14 years$3,789$3,280$2,830$2,435$2,089$1,566
15 years$3,500$2,996$2,555$2,171$1,840$1,345
16 years$3,247$2,749$2,316$1,944$1,626$1,159
17 years$3,025$2,532$2,108$1,747$1,442$1,002
18 years$2,827$2,339$1,924$1,574$1,282$868
19 years$2,650$2,168$1,761$1,422$1,143$753
20 years$2,491$2,015$1,617$1,288$1,021$655
21 years$2,348$1,877$1,487$1,169$913$570
22 years$2,217$1,752$1,370$1,063$819$497
23 years$2,098$1,638$1,265$968$735$434
24 years$1,990$1,535$1,170$883$660$379
25 years$1,890$1,441$1,084$806$594$332
26 years$1,798$1,354$1,005$737$535$290
27 years$1,713$1,274$933$675$483$254
28 years$1,634$1,201$868$618$436$223
29 years$1,560$1,133$808$567$393$195
30 years$1,492$1,070$752$520$355$171
31 years$1,428$1,011$701$478$321$150
32 years$1,369$957$654$439$291$132
33 years$1,313$906$611$404$263$116
34 years$1,260$859$571$372$238$102
35 years$1,211$815$534$342$216$89
36 years$1,164$773$499$315$195$78
37 years$1,120$734$467$290$177$69
38 years$1,079$698$438$268$161$60
39 years$1,039$664$410$247$146$53
40 years$1,002$631$384$228$132$47
41 years$967$601$360$210$120$41
42 years$933$572$338$194$109$36
43 years$901$545$317$179$99$32
44 years$871$520$298$165$90$28
45 years$842$496$280$153$81$24
46 years$814$473$263$141$74$22
47 years$788$451$247$130$67$19
48 years$763$431$232$120$61$17
49 years$739$411$218$111$55$15
50 years$716$393$205$103$50$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $733,000, adding $6,123 every year, while hoping to spend $53,380 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: 61/30/9 Blend
62$733,000$733,000$733,000$733,000
63$814,082$775,233$763,871$861,755
64$840,322$756,423$732,665$875,617
65$867,450$734,903$698,624$884,057
66$895,500$710,483$661,598$891,931
67$924,507$682,963$621,428$899,185
68$954,509$652,130$577,948$905,763
69$985,546$617,762$530,986$911,605
70$1,017,660$579,620$480,362$916,647
71$1,050,894$537,455$425,887$920,824
72$1,085,295$491,000$367,365$924,064
73$1,120,913$439,976$304,589$926,294
74$1,157,798$384,087$237,345$927,435
75$1,196,006$323,020$165,408$927,405
76$1,235,595$256,444$88,546$926,117
77$1,276,626$184,010$6,512$923,481
78$1,319,164$105,350$0$919,401
79$1,363,280$20,073$0$921,558
80$1,409,047$0$0$923,238
81$1,456,543$0$0$947,576
82$1,505,853$0$0$979,730
83$1,557,066$0$0$1,013,132
84$1,610,278$0$0$1,047,844
85$1,665,590$0$0$1,083,936
86$1,723,113$0$0$1,121,479
87$1,782,964$0$0$1,160,552
88$1,845,268$0$0$1,201,237
89$1,910,161$0$0$1,243,625
90$1,977,789$0$0$1,287,813
91$2,048,307$0$0$1,333,903
92$2,121,886$0$0$1,382,009
93$2,198,705$0$0$1,432,251
94$2,278,963$0$0$1,484,761
95$2,362,870$0$0$1,539,678
96$2,450,657$0$0$1,597,156
97$2,542,571$0$0$1,657,361
98$2,638,882$0$0$1,720,471
99$2,739,882$0$0$1,786,682
100$2,845,886$0$0$1,856,203