Can I retire at age 63 with 745,000?

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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$61,521$60,973$60,439$59,917$59,407$57,691
2 years$30,456$29,889$29,339$28,806$28,289$26,573
3 years$20,102$19,533$18,984$18,456$17,948$16,286
4 years$14,927$14,359$13,816$13,297$12,801$11,206
5 years$11,822$11,257$10,722$10,213$9,731$8,208
6 years$9,753$9,192$8,665$8,168$7,700$6,250
7 years$8,275$7,720$7,200$6,715$6,262$4,886
8 years$7,168$6,617$6,106$5,633$5,195$3,891
9 years$6,307$5,762$5,260$4,798$4,375$3,142
10 years$5,619$5,079$4,585$4,136$3,728$2,564
11 years$5,056$4,521$4,037$3,600$3,206$2,109
12 years$4,587$4,058$3,583$3,157$2,778$1,747
13 years$4,191$3,667$3,201$2,787$2,423$1,454
14 years$3,851$3,333$2,876$2,474$2,124$1,216
15 years$3,558$3,045$2,597$2,207$1,870$1,020
16 years$3,301$2,794$2,354$1,976$1,653$858
17 years$3,074$2,573$2,142$1,775$1,465$723
18 years$2,873$2,378$1,956$1,600$1,303$611
19 years$2,694$2,203$1,790$1,446$1,161$517
20 years$2,532$2,048$1,643$1,309$1,037$438
21 years$2,386$1,907$1,511$1,188$928$372
22 years$2,254$1,780$1,393$1,080$832$316
23 years$2,133$1,665$1,286$984$747$269
24 years$2,022$1,560$1,189$897$671$228
25 years$1,921$1,464$1,102$820$604$194
26 years$1,827$1,376$1,022$749$544$166
27 years$1,741$1,295$949$686$491$141
28 years$1,660$1,220$882$628$443$120
29 years$1,586$1,151$821$576$400$102
30 years$1,516$1,087$764$529$361$87
31 years$1,452$1,028$713$486$327$74
32 years$1,391$972$665$446$295$64
33 years$1,334$921$621$411$267$54
34 years$1,281$873$580$378$242$46
35 years$1,231$828$542$348$219$39
36 years$1,183$786$507$320$199$34
37 years$1,139$746$475$295$180$29
38 years$1,096$709$445$272$163$25
39 years$1,056$674$417$251$148$21
40 years$1,019$642$391$231$134$18
41 years$983$611$366$213$122$15
42 years$948$582$343$197$110$13
43 years$916$554$322$182$100$11
44 years$885$528$303$168$91$10
45 years$856$504$284$155$83$8
46 years$828$481$267$143$75$7
47 years$801$459$251$132$68$6
48 years$775$438$236$122$62$5
49 years$751$418$221$113$56$4
50 years$727$399$208$104$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $745,000, adding $2,708 every year, while hoping to spend $58,256 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: 70/16/14 Blend
62$745,000$745,000$745,000$745,000
63$823,783$784,298$772,751$878,678
64$845,825$760,745$736,654$891,942
65$868,163$734,085$697,396$899,182
66$890,765$704,105$654,808$905,593
67$913,595$670,578$608,716$911,082
68$936,611$633,266$558,937$915,551
69$959,765$591,915$505,281$918,893
70$983,000$546,257$447,546$920,991
71$1,006,253$496,011$385,526$921,719
72$1,029,451$440,877$319,002$920,939
73$1,052,514$380,538$247,748$918,503
74$1,075,348$314,662$171,525$914,249
75$1,097,849$242,896$90,086$908,001
76$1,119,899$164,867$3,173$899,568
77$1,141,364$80,181$0$888,744
78$1,162,098$0$0$888,685
79$1,181,931$0$0$889,179
80$1,200,679$0$0$902,930
81$1,218,132$0$0$915,661
82$1,234,058$0$0$927,189
83$1,248,195$0$0$937,315
84$1,260,255$0$0$945,813
85$1,269,915$0$0$952,435
86$1,276,814$0$0$956,901
87$1,280,555$0$0$958,903
88$1,280,693$0$0$958,099
89$1,276,734$0$0$954,106
90$1,268,132$0$0$946,501
91$1,254,280$0$0$934,816
92$1,234,504$0$0$918,529
93$1,208,058$0$0$897,065
94$1,174,114$0$0$869,784
95$1,131,758$0$0$835,979
96$1,079,975$0$0$794,866
97$1,017,643$0$0$745,578
98$943,519$0$0$687,157
99$856,230$0$0$618,541
100$754,256$0$0$538,557