Can I retire at age 63 with 736,000?

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 $736,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$60,778$60,237$59,709$59,193$58,690$57,694
2 years$30,088$29,528$28,985$28,458$27,947$26,947
3 years$19,860$19,297$18,755$18,233$17,731$16,757
4 years$14,746$14,185$13,649$13,136$12,646$11,707
5 years$11,679$11,121$10,592$10,090$9,613$8,711
6 years$9,635$9,081$8,560$8,069$7,607$6,742
7 years$8,175$7,627$7,113$6,634$6,186$5,360
8 years$7,081$6,537$6,033$5,565$5,132$4,344
9 years$6,231$5,692$5,196$4,740$4,322$3,571
10 years$5,551$5,017$4,530$4,086$3,683$2,969
11 years$4,995$4,467$3,988$3,556$3,167$2,490
12 years$4,532$4,009$3,539$3,119$2,745$2,103
13 years$4,140$3,623$3,162$2,754$2,393$1,786
14 years$3,805$3,293$2,841$2,444$2,098$1,524
15 years$3,515$3,008$2,565$2,180$1,847$1,305
16 years$3,261$2,760$2,326$1,952$1,633$1,122
17 years$3,037$2,542$2,116$1,754$1,448$967
18 years$2,838$2,349$1,932$1,581$1,287$835
19 years$2,661$2,177$1,769$1,428$1,147$723
20 years$2,501$2,023$1,623$1,293$1,025$626
21 years$2,357$1,884$1,493$1,174$917$544
22 years$2,226$1,759$1,376$1,067$822$473
23 years$2,107$1,645$1,271$972$738$411
24 years$1,998$1,541$1,175$887$663$358
25 years$1,898$1,446$1,088$810$597$312
26 years$1,805$1,359$1,009$740$538$272
27 years$1,720$1,279$937$678$485$238
28 years$1,640$1,206$871$621$437$208
29 years$1,567$1,137$811$569$395$181
30 years$1,498$1,074$755$523$357$159
31 years$1,434$1,015$704$480$323$139
32 years$1,374$961$657$441$292$121
33 years$1,318$910$613$406$264$106
34 years$1,265$862$573$373$239$93
35 years$1,216$818$536$344$217$81
36 years$1,169$776$501$316$196$71
37 years$1,125$737$469$291$178$62
38 years$1,083$701$439$269$161$54
39 years$1,044$666$412$248$146$48
40 years$1,006$634$386$228$133$42
41 years$971$603$362$211$120$37
42 years$937$575$339$195$109$32
43 years$905$548$318$180$99$28
44 years$874$522$299$166$90$25
45 years$845$498$281$153$82$22
46 years$818$475$264$141$74$19
47 years$791$453$248$131$67$17
48 years$766$433$233$121$61$15
49 years$742$413$219$112$56$13
50 years$719$395$206$103$50$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $736,000, adding $6,072 every year, while hoping to spend $56,688 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: 33/43/24 Blend
62$736,000$736,000$736,000$736,000
63$817,335$778,327$766,919$838,146
64$840,388$756,150$732,295$832,116
65$863,892$730,986$694,612$820,085
66$887,834$702,628$653,706$805,978
67$912,196$670,860$609,408$789,647
68$936,958$635,451$561,541$770,937
69$962,094$596,155$509,920$749,684
70$987,576$552,715$454,351$725,713
71$1,013,369$504,858$394,632$698,836
72$1,039,432$452,295$330,551$668,859
73$1,065,719$394,722$261,889$635,570
74$1,092,174$331,816$188,415$598,749
75$1,118,738$263,237$109,888$558,160
76$1,145,339$188,625$26,059$513,554
77$1,171,896$107,600$0$464,663
78$1,198,319$19,762$0$427,444
79$1,224,504$0$0$393,538
80$1,250,335$0$0$391,655
81$1,275,679$0$0$398,886
82$1,300,390$0$0$405,824
83$1,324,301$0$0$412,407
84$1,347,226$0$0$418,564
85$1,368,956$0$0$424,218
86$1,389,259$0$0$429,283
87$1,407,873$0$0$433,660
88$1,424,509$0$0$437,243
89$1,438,843$0$0$439,910
90$1,450,513$0$0$441,529
91$1,459,118$0$0$441,950
92$1,464,211$0$0$441,009
93$1,465,296$0$0$438,523
94$1,461,821$0$0$434,287
95$1,453,174$0$0$428,077
96$1,438,677$0$0$419,643
97$1,417,574$0$0$408,707
98$1,389,032$0$0$394,963
99$1,352,126$0$0$378,071
100$1,305,829$0$0$357,655