Can I retire at age 63 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$60,613$60,073$59,546$59,032$58,530$56,297
2 years$30,006$29,448$28,906$28,381$27,872$25,648
3 years$19,806$19,244$18,704$18,184$17,683$15,539
4 years$14,706$14,147$13,612$13,100$12,612$10,563
5 years$11,647$11,091$10,563$10,062$9,587$7,640
6 years$9,609$9,057$8,537$8,047$7,586$5,741
7 years$8,153$7,606$7,094$6,616$6,169$4,427
8 years$7,062$6,520$6,016$5,550$5,118$3,476
9 years$6,214$5,676$5,182$4,727$4,310$2,766
10 years$5,536$5,004$4,518$4,075$3,672$2,223
11 years$4,981$4,454$3,977$3,546$3,158$1,801
12 years$4,519$3,998$3,530$3,111$2,737$1,468
13 years$4,129$3,613$3,154$2,746$2,387$1,202
14 years$3,794$3,284$2,834$2,438$2,092$988
15 years$3,505$3,000$2,558$2,174$1,842$815
16 years$3,252$2,753$2,319$1,947$1,628$674
17 years$3,029$2,535$2,111$1,749$1,444$558
18 years$2,831$2,342$1,927$1,576$1,284$463
19 years$2,654$2,171$1,764$1,424$1,144$385
20 years$2,495$2,017$1,619$1,290$1,022$320
21 years$2,351$1,879$1,489$1,171$914$267
22 years$2,220$1,754$1,372$1,064$820$222
23 years$2,101$1,641$1,267$969$736$185
24 years$1,992$1,537$1,172$884$661$155
25 years$1,892$1,442$1,085$807$595$129
26 years$1,800$1,356$1,007$738$536$108
27 years$1,715$1,276$935$676$483$90
28 years$1,636$1,202$869$619$436$75
29 years$1,563$1,134$809$568$394$63
30 years$1,494$1,071$753$521$356$53
31 years$1,430$1,013$702$479$322$44
32 years$1,370$958$655$440$291$37
33 years$1,314$907$612$404$263$31
34 years$1,262$860$572$372$238$26
35 years$1,212$816$534$343$216$22
36 years$1,166$774$500$316$196$18
37 years$1,122$735$468$291$177$15
38 years$1,080$699$438$268$161$13
39 years$1,041$664$410$247$146$11
40 years$1,003$632$385$228$132$9
41 years$968$602$361$210$120$7
42 years$934$573$338$194$109$6
43 years$903$546$318$179$99$5
44 years$872$521$298$165$90$4
45 years$843$496$280$153$81$4
46 years$815$473$263$141$74$3
47 years$789$452$247$130$67$3
48 years$764$431$232$120$61$2
49 years$740$412$218$111$55$2
50 years$717$393$205$103$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $734,000, adding $6,499 every year, while hoping to spend $55,022 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: 66/29/5 Blend
62$734,000$734,000$734,000$734,000
63$815,572$776,670$765,293$868,441
64$840,217$756,184$732,387$883,862
65$865,532$732,849$696,535$893,477
66$891,527$706,470$657,580$902,504
67$918,211$676,835$615,357$910,878
68$945,594$643,725$569,696$918,530
69$973,681$606,905$520,418$925,385
70$1,002,480$566,127$467,336$931,362
71$1,031,996$521,129$410,254$936,376
72$1,062,230$471,635$348,968$940,333
73$1,093,186$417,353$283,266$943,136
74$1,124,860$357,973$212,926$944,678
75$1,157,251$293,169$137,714$944,845
76$1,190,352$222,596$57,389$943,516
77$1,224,154$145,889$0$940,560
78$1,258,643$62,663$0$937,349
79$1,293,804$0$0$935,587
80$1,329,615$0$0$940,835
81$1,366,049$0$0$966,509
82$1,403,075$0$0$992,587
83$1,440,655$0$0$1,019,041
84$1,478,745$0$0$1,045,837
85$1,517,290$0$0$1,072,937
86$1,556,229$0$0$1,100,294
87$1,595,493$0$0$1,127,856
88$1,634,997$0$0$1,155,562
89$1,674,649$0$0$1,183,343
90$1,714,342$0$0$1,211,121
91$1,753,952$0$0$1,238,804
92$1,793,343$0$0$1,266,292
93$1,832,357$0$0$1,293,469
94$1,870,817$0$0$1,320,206
95$1,908,524$0$0$1,346,356
96$1,945,254$0$0$1,371,755
97$1,980,756$0$0$1,396,220
98$2,014,746$0$0$1,419,543
99$2,046,911$0$0$1,441,493
100$2,076,896$0$0$1,461,813