Can I retire at age 63 with 739,000?

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 $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$61,026$60,482$59,952$59,434$58,929$57,668
2 years$30,211$29,648$29,103$28,574$28,061$26,798
3 years$19,941$19,375$18,832$18,308$17,803$16,576
4 years$14,806$14,243$13,705$13,190$12,697$11,515
5 years$11,727$11,167$10,635$10,131$9,652$8,519
6 years$9,674$9,118$8,595$8,102$7,638$6,555
7 years$8,209$7,658$7,142$6,661$6,211$5,179
8 years$7,110$6,564$6,057$5,588$5,153$4,170
9 years$6,256$5,715$5,217$4,759$4,340$3,406
10 years$5,573$5,038$4,548$4,103$3,698$2,813
11 years$5,015$4,485$4,004$3,571$3,180$2,342
12 years$4,550$4,025$3,554$3,132$2,756$1,964
13 years$4,157$3,638$3,175$2,765$2,403$1,656
14 years$3,820$3,307$2,853$2,454$2,106$1,403
15 years$3,529$3,021$2,576$2,189$1,855$1,192
16 years$3,274$2,771$2,335$1,960$1,639$1,017
17 years$3,049$2,552$2,125$1,761$1,453$869
18 years$2,850$2,358$1,940$1,587$1,292$745
19 years$2,672$2,186$1,776$1,434$1,152$639
20 years$2,512$2,031$1,630$1,299$1,029$550
21 years$2,367$1,892$1,499$1,179$921$473
22 years$2,235$1,766$1,382$1,072$825$408
23 years$2,116$1,652$1,276$976$741$352
24 years$2,006$1,548$1,180$890$666$304
25 years$1,905$1,452$1,093$813$599$263
26 years$1,812$1,365$1,013$743$540$227
27 years$1,727$1,285$941$680$487$196
28 years$1,647$1,210$875$623$439$170
29 years$1,573$1,142$814$572$396$147
30 years$1,504$1,078$758$525$358$127
31 years$1,440$1,019$707$482$324$110
32 years$1,380$965$660$443$293$96
33 years$1,323$913$616$407$265$83
34 years$1,270$866$575$375$240$72
35 years$1,221$821$538$345$217$62
36 years$1,174$779$503$318$197$54
37 years$1,129$740$471$293$179$47
38 years$1,088$704$441$270$162$41
39 years$1,048$669$413$249$147$35
40 years$1,010$636$387$229$133$31
41 years$975$606$363$212$121$27
42 years$941$577$341$195$110$23
43 years$909$550$320$180$99$20
44 years$878$524$300$167$90$17
45 years$849$500$282$154$82$15
46 years$821$477$265$142$74$13
47 years$794$455$249$131$68$11
48 years$769$434$234$121$61$10
49 years$745$415$220$112$56$9
50 years$722$396$206$104$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $739,000, adding $4,718 every year, while hoping to spend $38,640 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: 61/32/7 Blend
62$739,000$739,000$739,000$739,000
63$819,245$780,078$768,623$867,785
64$861,695$777,189$753,259$897,929
65$907,180$772,863$736,086$925,914
66$955,969$766,990$717,001$955,466
67$1,008,356$759,451$695,899$986,735
68$1,064,666$750,121$672,669$1,019,889
69$1,125,253$738,868$647,195$1,055,115
70$1,190,507$725,552$619,354$1,092,617
71$1,260,858$710,023$589,022$1,132,626
72$1,336,775$692,124$556,064$1,175,396
73$1,418,777$671,688$520,342$1,221,208
74$1,507,430$648,539$481,712$1,270,374
75$1,603,360$622,489$440,021$1,323,242
76$1,707,253$593,342$395,112$1,380,194
77$1,819,865$560,887$346,820$1,441,656
78$1,942,024$524,904$294,972$1,508,100
79$2,074,645$485,159$239,388$1,580,048
80$2,218,731$441,403$179,879$1,658,078
81$2,375,386$393,377$116,250$1,742,831
82$2,545,827$340,803$48,296$1,835,016
83$2,731,389$283,390$0$1,935,419
84$2,933,543$220,830$0$2,046,718
85$3,153,910$152,795$0$2,172,034
86$3,394,269$78,943$0$2,308,838
87$3,656,584$0$0$2,458,326
88$3,943,011$0$0$2,622,204
89$4,255,928$0$0$2,831,659
90$4,597,951$0$0$3,060,652
91$4,971,959$0$0$3,311,117
92$5,381,124$0$0$3,585,185
93$5,828,938$0$0$3,885,203
94$6,319,245$0$0$4,213,754
95$6,856,280$0$0$4,573,683
96$7,444,705$0$0$4,968,124
97$8,089,656$0$0$5,400,528
98$8,796,788$0$0$5,874,695
99$9,572,330$0$0$6,394,811
100$10,423,143$0$0$6,965,488