Can I retire at age 63 with 735,000?

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 $735,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$60,696$60,155$59,627$59,113$58,610$58,095
2 years$30,047$29,488$28,945$28,420$27,909$27,390
3 years$19,833$19,271$18,730$18,209$17,707$17,200
4 years$14,726$14,166$13,630$13,118$12,629$12,138
5 years$11,663$11,106$10,578$10,076$9,600$9,127
6 years$9,622$9,069$8,548$8,058$7,596$7,141
7 years$8,164$7,616$7,104$6,625$6,178$5,741
8 years$7,072$6,528$6,025$5,557$5,125$4,706
9 years$6,222$5,684$5,189$4,734$4,316$3,915
10 years$5,543$5,010$4,524$4,081$3,678$3,295
11 years$4,988$4,460$3,983$3,551$3,163$2,797
12 years$4,525$4,003$3,535$3,115$2,741$2,393
13 years$4,134$3,618$3,158$2,750$2,390$2,059
14 years$3,800$3,289$2,837$2,441$2,095$1,780
15 years$3,510$3,004$2,562$2,177$1,845$1,546
16 years$3,256$2,756$2,323$1,949$1,630$1,347
17 years$3,033$2,538$2,113$1,751$1,446$1,177
18 years$2,835$2,346$1,929$1,578$1,285$1,032
19 years$2,657$2,174$1,766$1,426$1,146$906
20 years$2,498$2,020$1,621$1,292$1,023$797
21 years$2,354$1,882$1,491$1,172$916$702
22 years$2,223$1,756$1,374$1,066$821$620
23 years$2,104$1,643$1,269$971$737$548
24 years$1,995$1,539$1,173$885$662$485
25 years$1,895$1,444$1,087$809$596$429
26 years$1,803$1,358$1,008$739$537$380
27 years$1,717$1,278$936$677$484$337
28 years$1,638$1,204$870$620$437$299
29 years$1,565$1,136$810$569$394$266
30 years$1,496$1,073$754$522$356$236
31 years$1,432$1,014$703$479$322$210
32 years$1,372$959$656$440$291$187
33 years$1,316$909$613$405$264$166
34 years$1,264$861$572$373$239$148
35 years$1,214$817$535$343$216$131
36 years$1,167$775$501$316$196$117
37 years$1,123$736$469$291$178$104
38 years$1,082$700$439$268$161$93
39 years$1,042$665$411$247$146$83
40 years$1,005$633$385$228$132$74
41 years$969$603$361$211$120$66
42 years$936$574$339$194$109$58
43 years$904$547$318$179$99$52
44 years$873$521$298$166$90$46
45 years$844$497$280$153$82$41
46 years$817$474$263$141$74$37
47 years$790$452$247$131$67$33
48 years$765$432$232$121$61$29
49 years$741$412$218$111$55$26
50 years$718$394$205$103$50$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $735,000, adding $2,916 every year, while hoping to spend $31,385 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: 84/9/7 Blend
62$735,000$735,000$735,000$735,000
63$812,978$774,023$762,630$880,527
64$862,508$778,557$754,785$929,602
65$916,039$782,261$745,625$978,938
66$973,944$785,061$735,073$1,032,142
67$1,036,637$786,879$723,049$1,089,580
68$1,104,570$787,633$709,467$1,151,660
69$1,178,242$787,232$694,239$1,218,826
70$1,258,199$785,583$677,273$1,291,572
71$1,345,045$782,586$658,471$1,370,438
72$1,439,443$778,136$637,733$1,456,020
73$1,542,121$772,119$614,952$1,548,975
74$1,653,881$764,418$590,017$1,650,027
75$1,775,607$754,904$562,812$1,759,973
76$1,908,269$743,444$533,217$1,879,689
77$2,052,937$729,897$501,104$2,010,144
78$2,210,786$714,112$466,341$2,152,402
79$2,383,112$695,930$428,789$2,307,638
80$2,571,341$675,181$388,305$2,477,144
81$2,777,041$651,688$344,736$2,662,346
82$3,001,940$625,262$297,926$2,864,815
83$3,247,941$595,703$247,709$3,086,279
84$3,517,137$562,799$193,914$3,328,646
85$3,811,836$526,327$136,361$3,594,016
86$4,134,576$486,050$74,862$3,884,705
87$4,488,155$441,718$9,222$4,203,264
88$4,875,652$393,068$0$4,552,505
89$5,300,460$339,819$0$4,940,069
90$5,766,314$281,678$0$5,365,857
91$6,277,329$218,331$0$5,832,960
92$6,838,037$149,450$0$6,345,543
93$7,453,431$74,687$0$6,908,193
94$8,129,010$0$0$7,525,966
95$8,870,830$0$0$8,205,059
96$9,685,565$0$0$8,959,038
97$10,580,565$0$0$9,787,311
98$11,563,927$0$0$10,697,372
99$12,644,574$0$0$11,697,481
100$13,832,331$0$0$12,796,733