Can I retire at age 63 with 746,000?

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 $746,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$61,604$61,055$60,520$59,997$59,487$58,406
2 years$30,497$29,929$29,379$28,845$28,327$27,241
3 years$20,129$19,559$19,010$18,481$17,972$16,916
4 years$14,947$14,378$13,834$13,315$12,818$11,799
5 years$11,838$11,272$10,736$10,227$9,744$8,766
6 years$9,766$9,205$8,676$8,179$7,710$6,774
7 years$8,286$7,730$7,210$6,724$6,270$5,376
8 years$7,177$6,626$6,115$5,641$5,202$4,349
9 years$6,315$5,769$5,267$4,805$4,381$3,570
10 years$5,626$5,085$4,592$4,142$3,733$2,962
11 years$5,062$4,527$4,042$3,604$3,210$2,479
12 years$4,593$4,063$3,587$3,162$2,782$2,090
13 years$4,196$3,672$3,205$2,791$2,426$1,771
14 years$3,857$3,338$2,880$2,478$2,126$1,508
15 years$3,562$3,049$2,600$2,210$1,872$1,289
16 years$3,305$2,798$2,357$1,979$1,655$1,106
17 years$3,078$2,576$2,145$1,778$1,467$951
18 years$2,877$2,381$1,958$1,602$1,305$819
19 years$2,697$2,206$1,793$1,448$1,163$708
20 years$2,535$2,050$1,645$1,311$1,039$612
21 years$2,389$1,910$1,513$1,190$929$530
22 years$2,257$1,783$1,395$1,082$833$460
23 years$2,136$1,667$1,288$985$748$399
24 years$2,025$1,562$1,191$899$672$347
25 years$1,923$1,466$1,103$821$605$302
26 years$1,830$1,378$1,023$750$545$262
27 years$1,743$1,297$950$687$491$229
28 years$1,663$1,222$883$629$443$199
29 years$1,588$1,153$822$577$400$174
30 years$1,519$1,089$766$530$362$151
31 years$1,454$1,029$714$486$327$132
32 years$1,393$974$666$447$296$115
33 years$1,336$922$622$411$268$100
34 years$1,283$874$581$378$242$88
35 years$1,232$829$543$348$219$77
36 years$1,185$787$508$321$199$67
37 years$1,140$747$476$295$180$58
38 years$1,098$710$445$272$163$51
39 years$1,058$675$417$251$148$45
40 years$1,020$643$391$232$134$39
41 years$984$612$367$214$122$34
42 years$950$582$344$197$111$30
43 years$917$555$323$182$100$26
44 years$886$529$303$168$91$23
45 years$857$504$284$155$83$20
46 years$829$481$267$143$75$17
47 years$802$459$251$132$68$15
48 years$776$438$236$122$62$13
49 years$752$419$222$113$56$12
50 years$728$400$208$105$51$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $746,000, adding $6,861 every year, while hoping to spend $49,919 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: 51/20/29 Blend
62$746,000$746,000$746,000$746,000
63$829,169$789,631$778,068$864,367
64$860,631$775,210$751,020$875,222
65$893,629$758,408$721,393$881,483
66$928,267$739,058$689,047$887,319
67$964,657$716,980$653,838$892,714
68$1,002,924$691,983$615,613$897,651
69$1,043,199$663,867$574,213$902,115
70$1,085,629$632,421$529,473$906,095
71$1,130,372$597,417$481,218$909,579
72$1,177,599$558,621$429,269$912,561
73$1,227,500$515,778$373,435$915,037
74$1,280,279$468,625$313,518$917,007
75$1,336,159$416,880$249,314$918,477
76$1,395,386$360,246$180,604$919,457
77$1,458,227$298,410$107,166$919,965
78$1,524,974$231,039$28,764$920,024
79$1,595,946$157,785$0$919,668
80$1,671,494$78,277$0$935,929
81$1,751,999$0$0$962,473
82$1,837,881$0$0$992,272
83$1,929,599$0$0$1,042,538
84$2,027,656$0$0$1,096,327
85$2,132,604$0$0$1,153,948
86$2,245,048$0$0$1,215,738
87$2,365,651$0$0$1,282,070
88$2,495,141$0$0$1,353,350
89$2,634,317$0$0$1,430,028
90$2,784,057$0$0$1,512,593
91$2,945,322$0$0$1,601,586
92$3,119,172$0$0$1,697,600
93$3,306,767$0$0$1,801,286
94$3,509,384$0$0$1,913,360
95$3,728,425$0$0$2,034,607
96$3,965,433$0$0$2,165,894
97$4,222,103$0$0$2,308,170
98$4,500,296$0$0$2,462,482
99$4,802,063$0$0$2,629,977
100$5,129,656$0$0$2,811,922