Can I retire at age 63 with 738,000?

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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$60,943$60,400$59,871$59,354$58,849$57,287
2 years$30,170$29,608$29,064$28,536$28,023$26,461
3 years$19,914$19,349$18,806$18,283$17,779$16,264
4 years$14,786$14,224$13,686$13,172$12,680$11,225
5 years$11,711$11,152$10,621$10,117$9,639$8,248
6 years$9,661$9,106$8,583$8,091$7,627$6,301
7 years$8,198$7,647$7,133$6,652$6,203$4,942
8 years$7,100$6,555$6,049$5,580$5,146$3,950
9 years$6,248$5,707$5,210$4,753$4,334$3,201
10 years$5,566$5,031$4,542$4,097$3,693$2,622
11 years$5,008$4,479$3,999$3,566$3,176$2,165
12 years$4,544$4,020$3,549$3,128$2,752$1,800
13 years$4,151$3,633$3,171$2,761$2,400$1,505
14 years$3,815$3,302$2,849$2,451$2,104$1,263
15 years$3,524$3,016$2,572$2,186$1,852$1,064
16 years$3,270$2,768$2,332$1,957$1,637$899
17 years$3,045$2,549$2,122$1,759$1,451$761
18 years$2,846$2,355$1,937$1,585$1,291$646
19 years$2,668$2,183$1,773$1,432$1,150$549
20 years$2,508$2,028$1,628$1,297$1,027$468
21 years$2,364$1,889$1,497$1,177$919$399
22 years$2,232$1,764$1,380$1,070$824$340
23 years$2,113$1,649$1,274$975$740$291
24 years$2,003$1,545$1,178$889$665$248
25 years$1,903$1,450$1,091$812$598$212
26 years$1,810$1,363$1,012$742$539$182
27 years$1,724$1,283$940$679$486$156
28 years$1,645$1,209$874$623$438$133
29 years$1,571$1,140$813$571$396$114
30 years$1,502$1,077$757$524$358$98
31 years$1,438$1,018$706$481$323$84
32 years$1,378$963$659$442$293$72
33 years$1,322$912$615$407$265$62
34 years$1,269$865$575$374$240$53
35 years$1,219$820$537$344$217$45
36 years$1,172$778$503$317$197$39
37 years$1,128$739$470$292$178$33
38 years$1,086$703$441$269$162$29
39 years$1,046$668$413$248$147$25
40 years$1,009$636$387$229$133$21
41 years$973$605$363$211$121$18
42 years$940$576$340$195$109$16
43 years$907$549$319$180$99$13
44 years$877$523$300$166$90$11
45 years$848$499$281$154$82$10
46 years$820$476$264$142$74$8
47 years$793$454$248$131$67$7
48 years$768$434$233$121$61$6
49 years$744$414$219$112$56$5
50 years$721$396$206$103$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $738,000, adding $3,067 every year, while hoping to spend $34,710 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: 54/33/13 Blend
62$738,000$738,000$738,000$738,000
63$816,440$777,326$765,887$857,595
64$862,785$778,483$754,613$887,092
65$912,695$778,535$741,798$915,176
66$966,495$777,388$727,353$944,945
67$1,024,546$774,948$711,187$976,566
68$1,087,240$771,111$693,203$1,010,227
69$1,155,013$765,770$673,300$1,046,133
70$1,228,339$758,808$651,371$1,084,515
71$1,307,744$750,104$627,306$1,125,627
72$1,393,803$739,528$600,989$1,169,751
73$1,487,149$726,943$572,300$1,217,201
74$1,588,478$712,203$541,113$1,268,324
75$1,698,557$695,155$507,294$1,323,504
76$1,818,227$675,635$470,705$1,383,168
77$1,948,416$653,470$431,203$1,447,788
78$2,090,142$628,479$388,637$1,517,888
79$2,244,530$600,467$342,849$1,594,048
80$2,412,812$569,230$293,675$1,676,909
81$2,596,348$534,552$240,942$1,767,183
82$2,796,634$496,203$184,473$1,865,656
83$3,015,316$453,943$124,078$1,973,200
84$3,254,207$407,514$59,563$2,090,777
85$3,515,301$356,648$0$2,219,455
86$3,800,796$301,057$0$2,361,702
87$4,113,109$240,441$0$2,526,435
88$4,454,904$174,481$0$2,706,857
89$4,829,114$102,840$0$2,904,598
90$5,238,967$25,162$0$3,121,455
91$5,688,019$0$0$3,359,415
92$6,180,187$0$0$3,642,069
93$6,719,784$0$0$3,962,050
94$7,311,560$0$0$4,313,046
95$7,960,748$0$0$4,698,170
96$8,673,110$0$0$5,120,850
97$9,454,994$0$0$5,584,863
98$10,313,394$0$0$6,094,369
99$11,256,011$0$0$6,653,949
100$12,291,330$0$0$7,268,652