Can I retire at age 63 with 735,000?

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 $735,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$60,696$60,155$59,627$59,113$58,610$58,046
2 years$30,047$29,488$28,945$28,420$27,909$27,342
3 years$19,833$19,271$18,730$18,209$17,707$17,152
4 years$14,726$14,166$13,630$13,118$12,629$12,092
5 years$11,663$11,106$10,578$10,076$9,600$9,083
6 years$9,622$9,069$8,548$8,058$7,596$7,099
7 years$8,164$7,616$7,104$6,625$6,178$5,700
8 years$7,072$6,528$6,025$5,557$5,125$4,668
9 years$6,222$5,684$5,189$4,734$4,316$3,879
10 years$5,543$5,010$4,524$4,081$3,678$3,260
11 years$4,988$4,460$3,983$3,551$3,163$2,765
12 years$4,525$4,003$3,535$3,115$2,741$2,362
13 years$4,134$3,618$3,158$2,750$2,390$2,030
14 years$3,800$3,289$2,837$2,441$2,095$1,753
15 years$3,510$3,004$2,562$2,177$1,845$1,520
16 years$3,256$2,756$2,323$1,949$1,630$1,323
17 years$3,033$2,538$2,113$1,751$1,446$1,154
18 years$2,835$2,346$1,929$1,578$1,285$1,010
19 years$2,657$2,174$1,766$1,426$1,146$886
20 years$2,498$2,020$1,621$1,292$1,023$778
21 years$2,354$1,882$1,491$1,172$916$685
22 years$2,223$1,756$1,374$1,066$821$603
23 years$2,104$1,643$1,269$971$737$532
24 years$1,995$1,539$1,173$885$662$470
25 years$1,895$1,444$1,087$809$596$416
26 years$1,803$1,358$1,008$739$537$368
27 years$1,717$1,278$936$677$484$326
28 years$1,638$1,204$870$620$437$289
29 years$1,565$1,136$810$569$394$256
30 years$1,496$1,073$754$522$356$227
31 years$1,432$1,014$703$479$322$201
32 years$1,372$959$656$440$291$179
33 years$1,316$909$613$405$264$159
34 years$1,264$861$572$373$239$141
35 years$1,214$817$535$343$216$125
36 years$1,167$775$501$316$196$111
37 years$1,123$736$469$291$178$99
38 years$1,082$700$439$268$161$88
39 years$1,042$665$411$247$146$78
40 years$1,005$633$385$228$132$70
41 years$969$603$361$211$120$62
42 years$936$574$339$194$109$55
43 years$904$547$318$179$99$49
44 years$873$521$298$166$90$44
45 years$844$497$280$153$82$39
46 years$817$474$263$141$74$35
47 years$790$452$247$131$67$31
48 years$765$432$232$121$61$27
49 years$741$412$218$111$55$24
50 years$718$394$205$103$50$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $735,000, adding $4,769 every year, while hoping to spend $49,571 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: 83/10/7 Blend
62$735,000$735,000$735,000$735,000
63$814,889$775,934$764,542$881,601
64$845,265$761,212$737,411$911,176
65$877,077$744,107$707,709$936,484
66$910,421$724,450$675,299$962,732
67$945,398$702,062$640,036$989,987
68$982,119$676,753$601,768$1,018,319
69$1,020,705$648,324$560,337$1,047,805
70$1,061,286$616,561$515,577$1,078,531
71$1,104,006$581,241$467,318$1,110,593
72$1,149,018$542,126$415,377$1,144,093
73$1,196,493$498,965$359,567$1,179,147
74$1,246,614$451,493$299,691$1,215,881
75$1,299,582$399,429$235,544$1,254,434
76$1,355,615$342,477$166,910$1,294,961
77$1,414,953$280,324$93,568$1,337,631
78$1,477,858$212,639$15,281$1,382,632
79$1,544,614$139,073$0$1,430,171
80$1,615,533$59,257$0$1,485,574
81$1,690,958$0$0$1,545,546
82$1,771,261$0$0$1,612,235
83$1,856,851$0$0$1,690,273
84$1,948,176$0$0$1,773,549
85$2,045,728$0$0$1,862,512
86$2,150,043$0$0$1,957,653
87$2,261,711$0$0$2,059,511
88$2,381,378$0$0$2,168,677
89$2,509,755$0$0$2,285,799
90$2,647,618$0$0$2,411,589
91$2,795,823$0$0$2,546,828
92$2,955,305$0$0$2,692,373
93$3,127,096$0$0$2,849,165
94$3,312,325$0$0$3,018,239
95$3,512,236$0$0$3,200,729
96$3,728,191$0$0$3,397,884
97$3,961,692$0$0$3,611,076
98$4,214,387$0$0$3,841,811
99$4,488,087$0$0$4,091,747
100$4,784,786$0$0$4,362,705