Can I retire at age 63 with 731,000?

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 $731,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$60,365$59,828$59,303$58,791$58,291$57,302
2 years$29,884$29,327$28,788$28,265$27,758$26,764
3 years$19,725$19,166$18,628$18,110$17,611$16,644
4 years$14,646$14,089$13,556$13,047$12,560$11,627
5 years$11,600$11,046$10,520$10,021$9,548$8,652
6 years$9,569$9,020$8,502$8,014$7,555$6,696
7 years$8,120$7,575$7,065$6,589$6,144$5,324
8 years$7,033$6,493$5,992$5,527$5,097$4,314
9 years$6,188$5,653$5,161$4,708$4,293$3,547
10 years$5,513$4,983$4,499$4,058$3,657$2,949
11 years$4,961$4,436$3,961$3,532$3,146$2,473
12 years$4,501$3,982$3,515$3,098$2,726$2,088
13 years$4,112$3,598$3,141$2,735$2,377$1,774
14 years$3,779$3,271$2,822$2,428$2,084$1,513
15 years$3,491$2,988$2,548$2,165$1,835$1,296
16 years$3,239$2,741$2,310$1,939$1,621$1,114
17 years$3,016$2,525$2,102$1,742$1,438$960
18 years$2,819$2,333$1,919$1,570$1,278$829
19 years$2,643$2,162$1,757$1,418$1,139$718
20 years$2,484$2,009$1,612$1,285$1,018$622
21 years$2,341$1,871$1,483$1,166$911$540
22 years$2,211$1,747$1,367$1,060$816$469
23 years$2,093$1,634$1,262$965$733$409
24 years$1,984$1,531$1,167$881$659$356
25 years$1,885$1,437$1,081$804$593$310
26 years$1,793$1,350$1,002$735$534$271
27 years$1,708$1,271$931$673$481$236
28 years$1,629$1,197$865$617$434$206
29 years$1,556$1,130$805$565$392$180
30 years$1,488$1,067$750$519$354$157
31 years$1,424$1,008$699$477$320$138
32 years$1,365$954$652$438$290$120
33 years$1,309$904$609$403$262$105
34 years$1,257$856$569$371$237$92
35 years$1,207$812$532$341$215$81
36 years$1,161$771$498$314$195$71
37 years$1,117$732$466$290$177$62
38 years$1,076$696$436$267$160$54
39 years$1,037$662$409$246$145$47
40 years$999$630$383$227$132$42
41 years$964$599$359$209$119$36
42 years$931$571$337$193$108$32
43 years$899$544$316$178$98$28
44 years$869$518$297$165$89$24
45 years$840$494$279$152$81$21
46 years$812$472$262$141$74$19
47 years$786$450$246$130$67$16
48 years$761$430$231$120$61$14
49 years$737$410$217$111$55$13
50 years$714$392$204$102$50$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $731,000, adding $2,825 every year, while hoping to spend $44,980 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: 62/18/20 Blend
62$731,000$731,000$731,000$731,000
63$808,476$769,733$758,402$854,256
64$843,082$759,592$735,951$875,344
65$879,711$747,446$711,239$893,087
66$918,520$733,150$684,145$911,426
67$959,684$716,549$654,539$930,423
68$1,003,393$697,480$622,286$950,150
69$1,049,853$675,771$587,247$970,686
70$1,099,291$651,237$549,273$992,121
71$1,151,956$623,685$508,211$1,014,557
72$1,208,120$592,910$463,901$1,038,108
73$1,268,081$558,695$416,174$1,062,903
74$1,332,165$520,811$364,855$1,089,083
75$1,400,729$479,014$309,761$1,116,811
76$1,474,167$433,049$250,702$1,146,267
77$1,552,908$382,645$187,476$1,177,653
78$1,637,425$327,515$119,877$1,211,193
79$1,728,235$267,355$47,685$1,247,140
80$1,825,907$201,848$0$1,285,775
81$1,931,066$130,655$0$1,333,678
82$2,044,396$53,419$0$1,396,199
83$2,166,652$0$0$1,463,596
84$2,298,660$0$0$1,542,348
85$2,441,330$0$0$1,638,938
86$2,595,661$0$0$1,743,467
87$2,762,751$0$0$1,856,685
88$2,943,807$0$0$1,979,415
89$3,140,158$0$0$2,112,565
90$3,353,263$0$0$2,257,130
91$3,584,729$0$0$2,414,207
92$3,836,321$0$0$2,585,001
93$4,109,983$0$0$2,770,840
94$4,407,852$0$0$2,973,183
95$4,732,282$0$0$3,193,635
96$5,085,861$0$0$3,433,965
97$5,471,437$0$0$3,696,118
98$5,892,148$0$0$3,982,236
99$6,351,443$0$0$4,294,674
100$6,853,123$0$0$4,636,028