Can I retire at age 63 with 736,000?

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 $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%12.3%
1 years$60,778$60,237$59,709$59,193$58,690$58,125
2 years$30,088$29,528$28,985$28,458$27,947$27,379
3 years$19,860$19,297$18,755$18,233$17,731$17,176
4 years$14,746$14,185$13,649$13,136$12,646$12,108
5 years$11,679$11,121$10,592$10,090$9,613$9,095
6 years$9,635$9,081$8,560$8,069$7,607$7,108
7 years$8,175$7,627$7,113$6,634$6,186$5,708
8 years$7,081$6,537$6,033$5,565$5,132$4,674
9 years$6,231$5,692$5,196$4,740$4,322$3,884
10 years$5,551$5,017$4,530$4,086$3,683$3,264
11 years$4,995$4,467$3,988$3,556$3,167$2,768
12 years$4,532$4,009$3,539$3,119$2,745$2,365
13 years$4,140$3,623$3,162$2,754$2,393$2,032
14 years$3,805$3,293$2,841$2,444$2,098$1,755
15 years$3,515$3,008$2,565$2,180$1,847$1,522
16 years$3,261$2,760$2,326$1,952$1,633$1,324
17 years$3,037$2,542$2,116$1,754$1,448$1,156
18 years$2,838$2,349$1,932$1,581$1,287$1,011
19 years$2,661$2,177$1,769$1,428$1,147$887
20 years$2,501$2,023$1,623$1,293$1,025$779
21 years$2,357$1,884$1,493$1,174$917$686
22 years$2,226$1,759$1,376$1,067$822$604
23 years$2,107$1,645$1,271$972$738$533
24 years$1,998$1,541$1,175$887$663$471
25 years$1,898$1,446$1,088$810$597$416
26 years$1,805$1,359$1,009$740$538$368
27 years$1,720$1,279$937$678$485$326
28 years$1,640$1,206$871$621$437$289
29 years$1,567$1,137$811$569$395$256
30 years$1,498$1,074$755$523$357$227
31 years$1,434$1,015$704$480$323$202
32 years$1,374$961$657$441$292$179
33 years$1,318$910$613$406$264$159
34 years$1,265$862$573$373$239$141
35 years$1,216$818$536$344$217$125
36 years$1,169$776$501$316$196$112
37 years$1,125$737$469$291$178$99
38 years$1,083$701$439$269$161$88
39 years$1,044$666$412$248$146$78
40 years$1,006$634$386$228$133$70
41 years$971$603$362$211$120$62
42 years$937$575$339$195$109$55
43 years$905$548$318$180$99$49
44 years$874$522$299$166$90$44
45 years$845$498$281$153$82$39
46 years$818$475$264$141$74$35
47 years$791$453$248$131$67$31
48 years$766$433$233$121$61$27
49 years$742$413$219$112$56$24
50 years$719$395$206$103$50$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $736,000, adding $5,271 every year, while hoping to spend $24,116 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: 41/38/21 Blend
62$736,000$736,000$736,000$736,000
63$816,509$777,501$766,093$844,745
64$874,134$789,939$766,098$877,838
65$936,828$802,179$765,295$910,924
66$1,005,083$814,184$763,631$946,244
67$1,079,440$825,918$761,051$984,015
68$1,160,495$837,340$757,498$1,024,479
69$1,248,902$848,406$752,911$1,067,900
70$1,345,383$859,071$747,226$1,114,574
71$1,450,731$869,285$740,378$1,164,823
72$1,565,821$878,995$732,295$1,219,007
73$1,691,614$888,145$722,906$1,277,522
74$1,829,169$896,674$712,134$1,340,806
75$1,979,653$904,520$699,899$1,409,344
76$2,144,349$911,613$686,118$1,483,670
77$2,324,671$917,881$670,701$1,564,375
78$2,522,177$923,246$653,559$1,652,112
79$2,738,581$927,627$634,595$1,747,602
80$2,975,770$930,935$613,708$1,851,642
81$3,235,826$933,078$590,795$1,965,111
82$3,521,038$933,956$565,744$2,088,981
83$3,833,928$933,465$538,441$2,224,325
84$4,177,277$931,493$508,767$2,372,328
85$4,554,144$927,921$476,595$2,534,300
86$4,967,902$922,623$441,796$2,711,684
87$5,422,263$915,468$404,232$2,906,076
88$5,921,320$906,312$363,760$3,119,238
89$6,469,580$895,006$320,230$3,353,113
90$7,072,006$881,391$273,488$3,609,848
91$7,734,070$865,298$223,369$3,891,812
92$8,461,797$846,550$169,704$4,201,619
93$9,261,827$824,956$112,315$4,542,155
94$10,141,472$800,318$51,016$4,916,605
95$11,108,792$772,423$0$5,328,484
96$12,172,664$741,048$0$5,784,896
97$13,342,871$705,954$0$6,299,304
98$14,630,189$666,892$0$6,865,033
99$16,046,494$623,595$0$7,487,342
100$17,604,869$575,784$0$8,172,030