Can I retire at age 63 with 737,000?

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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$60,861$60,319$59,790$59,274$58,769$56,979
2 years$30,129$29,568$29,024$28,497$27,985$26,197
3 years$19,887$19,323$18,781$18,258$17,755$16,025
4 years$14,766$14,204$13,667$13,154$12,663$11,004
5 years$11,695$11,136$10,606$10,104$9,626$8,043
6 years$9,648$9,094$8,572$8,080$7,617$6,111
7 years$8,187$7,637$7,123$6,643$6,195$4,766
8 years$7,091$6,546$6,041$5,573$5,139$3,787
9 years$6,239$5,700$5,203$4,747$4,328$3,050
10 years$5,558$5,024$4,536$4,092$3,688$2,483
11 years$5,001$4,473$3,994$3,561$3,171$2,037
12 years$4,538$4,014$3,544$3,123$2,748$1,683
13 years$4,146$3,628$3,166$2,758$2,397$1,397
14 years$3,810$3,298$2,845$2,448$2,101$1,165
15 years$3,519$3,012$2,569$2,183$1,850$974
16 years$3,265$2,764$2,329$1,955$1,635$817
17 years$3,041$2,545$2,119$1,756$1,449$687
18 years$2,842$2,352$1,935$1,583$1,289$579
19 years$2,665$2,180$1,771$1,430$1,149$488
20 years$2,505$2,026$1,625$1,295$1,026$413
21 years$2,360$1,887$1,495$1,176$918$349
22 years$2,229$1,761$1,378$1,069$823$296
23 years$2,110$1,647$1,272$973$739$250
24 years$2,001$1,543$1,177$888$664$212
25 years$1,900$1,448$1,090$811$598$180
26 years$1,808$1,361$1,011$741$538$153
27 years$1,722$1,281$939$679$485$130
28 years$1,643$1,207$872$622$438$110
29 years$1,569$1,139$812$570$395$94
30 years$1,500$1,075$756$523$357$80
31 years$1,436$1,017$705$481$323$68
32 years$1,376$962$658$442$292$58
33 years$1,320$911$614$406$264$49
34 years$1,267$863$574$374$239$42
35 years$1,217$819$537$344$217$35
36 years$1,171$777$502$317$196$30
37 years$1,126$738$470$292$178$26
38 years$1,085$702$440$269$161$22
39 years$1,045$667$412$248$146$19
40 years$1,008$635$386$229$133$16
41 years$972$604$362$211$120$13
42 years$938$575$340$195$109$11
43 years$906$548$319$180$99$10
44 years$876$523$299$166$90$8
45 years$847$498$281$153$82$7
46 years$819$475$264$142$74$6
47 years$792$454$248$131$67$5
48 years$767$433$233$121$61$4
49 years$743$414$219$112$56$4
50 years$720$395$206$103$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $737,000, adding $2,302 every year, while hoping to spend $45,517 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: 59/24/17 Blend
62$737,000$737,000$737,000$737,000
63$814,549$775,488$764,064$858,898
64$849,203$765,057$741,230$878,736
65$885,866$752,589$716,106$895,139
66$924,696$737,937$688,567$911,980
67$965,863$720,944$658,482$929,308
68$1,009,554$701,444$625,715$947,179
69$1,055,975$679,261$590,123$965,657
70$1,105,350$654,210$551,557$984,815
71$1,157,924$626,094$509,862$1,004,736
72$1,213,964$594,705$464,875$1,025,513
73$1,273,765$559,823$416,425$1,047,252
74$1,337,650$521,215$364,336$1,070,073
75$1,405,970$478,634$308,421$1,094,111
76$1,479,114$431,822$248,488$1,119,519
77$1,557,504$380,502$184,333$1,146,467
78$1,641,608$324,385$115,746$1,175,148
79$1,731,935$263,163$42,507$1,205,778
80$1,829,046$196,511$0$1,238,601
81$1,933,556$124,088$0$1,280,354
82$2,046,142$45,532$0$1,333,525
83$2,167,546$0$0$1,390,780
84$2,298,583$0$0$1,462,991
85$2,440,149$0$0$1,554,042
86$2,593,229$0$0$1,652,548
87$2,758,905$0$0$1,759,211
88$2,938,367$0$0$1,874,804
89$3,132,922$0$0$2,000,177
90$3,344,009$0$0$2,136,263
91$3,573,211$0$0$2,284,090
92$3,822,267$0$0$2,444,788
93$4,093,090$0$0$2,619,600
94$4,387,788$0$0$2,809,895
95$4,708,677$0$0$3,017,178
96$5,058,307$0$0$3,243,104
97$5,439,483$0$0$3,489,497
98$5,855,294$0$0$3,758,364
99$6,309,138$0$0$4,051,913
100$6,804,758$0$0$4,372,575