Can I retire at age 63 with 747,000?

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 $747,000?

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$61,687$61,137$60,601$60,078$59,567$58,484
2 years$30,538$29,969$29,418$28,884$28,365$27,278
3 years$20,156$19,585$19,035$18,506$17,996$16,938
4 years$14,967$14,397$13,853$13,333$12,835$11,815
5 years$11,854$11,288$10,750$10,241$9,757$8,778
6 years$9,779$9,217$8,688$8,190$7,720$6,783
7 years$8,298$7,741$7,220$6,733$6,279$5,383
8 years$7,187$6,635$6,123$5,648$5,209$4,355
9 years$6,324$5,777$5,274$4,811$4,387$3,574
10 years$5,634$5,092$4,598$4,147$3,738$2,966
11 years$5,069$4,533$4,048$3,609$3,214$2,483
12 years$4,599$4,069$3,592$3,166$2,786$2,092
13 years$4,202$3,677$3,209$2,795$2,429$1,774
14 years$3,862$3,342$2,884$2,481$2,129$1,510
15 years$3,567$3,053$2,604$2,213$1,875$1,291
16 years$3,309$2,801$2,361$1,981$1,657$1,107
17 years$3,082$2,580$2,148$1,780$1,469$952
18 years$2,881$2,384$1,961$1,604$1,306$821
19 years$2,701$2,209$1,795$1,450$1,164$709
20 years$2,539$2,053$1,647$1,313$1,040$613
21 years$2,392$1,912$1,515$1,191$931$531
22 years$2,260$1,785$1,397$1,083$834$460
23 years$2,139$1,670$1,289$987$749$400
24 years$2,028$1,564$1,193$900$673$347
25 years$1,926$1,468$1,105$822$606$302
26 years$1,832$1,380$1,024$751$546$263
27 years$1,745$1,298$951$688$492$229
28 years$1,665$1,224$884$630$444$199
29 years$1,590$1,154$823$578$401$174
30 years$1,521$1,090$767$530$362$151
31 years$1,456$1,030$715$487$327$132
32 years$1,395$975$667$448$296$115
33 years$1,338$923$623$412$268$101
34 years$1,284$875$582$379$243$88
35 years$1,234$830$544$349$220$77
36 years$1,186$788$509$321$199$67
37 years$1,142$748$476$296$180$58
38 years$1,099$711$446$273$164$51
39 years$1,059$676$418$251$148$45
40 years$1,021$643$392$232$135$39
41 years$985$612$367$214$122$34
42 years$951$583$344$197$111$30
43 years$919$556$323$182$101$26
44 years$888$530$303$168$91$23
45 years$858$505$285$155$83$20
46 years$830$482$268$144$75$17
47 years$803$460$251$133$68$15
48 years$777$439$236$123$62$13
49 years$753$419$222$113$56$12
50 years$729$400$209$105$51$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $747,000, adding $5,068 every year, while hoping to spend $49,215 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: 44/35/21 Blend
62$747,000$747,000$747,000$747,000
63$828,422$788,831$777,252$859,634
64$860,556$775,119$750,926$868,445
65$894,319$759,086$722,068$872,780
66$929,824$740,566$690,542$876,472
67$967,196$719,383$656,205$879,484
68$1,006,570$695,352$618,907$881,783
69$1,048,092$668,277$578,492$883,333
70$1,091,923$637,948$534,798$884,100
71$1,138,238$604,147$487,652$884,052
72$1,187,228$566,639$436,878$883,158
73$1,239,101$525,180$382,289$881,386
74$1,294,084$479,509$323,691$878,711
75$1,352,427$429,351$260,881$875,108
76$1,414,400$374,415$193,646$870,556
77$1,480,301$314,394$121,765$865,038
78$1,550,456$248,963$45,008$858,543
79$1,625,220$177,780$0$851,066
80$1,704,983$100,482$0$850,877
81$1,790,173$16,687$0$861,018
82$1,881,258$0$0$871,471
83$1,978,751$0$0$910,832
84$2,083,214$0$0$959,952
85$2,195,266$0$0$1,012,704
86$2,315,583$0$0$1,069,414
87$2,444,910$0$0$1,130,440
88$2,584,061$0$0$1,196,178
89$2,733,934$0$0$1,267,060
90$2,895,512$0$0$1,343,561
91$3,069,876$0$0$1,426,204
92$3,258,215$0$0$1,515,562
93$3,461,834$0$0$1,612,268
94$3,682,167$0$0$1,717,014
95$3,920,791$0$0$1,830,564
96$4,179,442$0$0$1,953,756
97$4,460,024$0$0$2,087,513
98$4,764,636$0$0$2,232,849
99$5,095,583$0$0$2,390,879
100$5,455,403$0$0$2,562,833