Can I retire at age 63 with 745,000?

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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$61,521$60,973$60,439$59,917$59,407$57,924
2 years$30,456$29,889$29,339$28,806$28,289$26,804
3 years$20,102$19,533$18,984$18,456$17,948$16,508
4 years$14,927$14,359$13,816$13,297$12,801$11,416
5 years$11,822$11,257$10,722$10,213$9,731$8,406
6 years$9,753$9,192$8,665$8,168$7,700$6,436
7 years$8,275$7,720$7,200$6,715$6,262$5,059
8 years$7,168$6,617$6,106$5,633$5,195$4,053
9 years$6,307$5,762$5,260$4,798$4,375$3,292
10 years$5,619$5,079$4,585$4,136$3,728$2,703
11 years$5,056$4,521$4,037$3,600$3,206$2,239
12 years$4,587$4,058$3,583$3,157$2,778$1,866
13 years$4,191$3,667$3,201$2,787$2,423$1,564
14 years$3,851$3,333$2,876$2,474$2,124$1,316
15 years$3,558$3,045$2,597$2,207$1,870$1,112
16 years$3,301$2,794$2,354$1,976$1,653$942
17 years$3,074$2,573$2,142$1,775$1,465$800
18 years$2,873$2,378$1,956$1,600$1,303$681
19 years$2,694$2,203$1,790$1,446$1,161$581
20 years$2,532$2,048$1,643$1,309$1,037$496
21 years$2,386$1,907$1,511$1,188$928$424
22 years$2,254$1,780$1,393$1,080$832$363
23 years$2,133$1,665$1,286$984$747$311
24 years$2,022$1,560$1,189$897$671$267
25 years$1,921$1,464$1,102$820$604$229
26 years$1,827$1,376$1,022$749$544$196
27 years$1,741$1,295$949$686$491$169
28 years$1,660$1,220$882$628$443$145
29 years$1,586$1,151$821$576$400$125
30 years$1,516$1,087$764$529$361$107
31 years$1,452$1,028$713$486$327$92
32 years$1,391$972$665$446$295$79
33 years$1,334$921$621$411$267$68
34 years$1,281$873$580$378$242$59
35 years$1,231$828$542$348$219$50
36 years$1,183$786$507$320$199$43
37 years$1,139$746$475$295$180$37
38 years$1,096$709$445$272$163$32
39 years$1,056$674$417$251$148$28
40 years$1,019$642$391$231$134$24
41 years$983$611$366$213$122$21
42 years$948$582$343$197$110$18
43 years$916$554$322$182$100$15
44 years$885$528$303$168$91$13
45 years$856$504$284$155$83$11
46 years$828$481$267$143$75$10
47 years$801$459$251$132$68$8
48 years$775$438$236$122$62$7
49 years$751$418$221$113$56$6
50 years$727$399$208$104$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $745,000, adding $3,832 every year, while hoping to spend $58,522 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: 50/26/24 Blend
62$745,000$745,000$745,000$745,000
63$824,943$785,458$773,910$860,446
64$846,820$761,678$737,569$861,754
65$868,967$734,772$698,049$856,957
66$891,350$704,524$655,183$850,553
67$913,930$670,708$608,793$842,414
68$936,659$633,081$558,696$832,405
69$959,487$591,390$504,701$820,378
70$982,352$545,367$446,606$806,179
71$1,005,188$494,725$384,203$789,641
72$1,027,915$439,165$317,272$770,584
73$1,050,447$378,369$245,585$748,816
74$1,072,685$312,000$168,904$724,134
75$1,094,516$239,706$86,980$696,317
76$1,115,815$161,109$0$665,128
77$1,136,440$75,816$0$630,431
78$1,156,234$0$0$615,617
79$1,175,019$0$0$602,917
80$1,192,597$0$0$611,200
81$1,208,747$0$0$618,652
82$1,223,220$0$0$625,135
83$1,235,742$0$0$630,495
84$1,246,005$0$0$634,563
85$1,253,668$0$0$637,147
86$1,258,351$0$0$638,038
87$1,259,631$0$0$637,001
88$1,257,038$0$0$633,775
89$1,250,052$0$0$628,072
90$1,238,095$0$0$619,572
91$1,220,525$0$0$607,918
92$1,196,632$0$0$592,718
93$1,165,627$0$0$573,536
94$1,126,638$0$0$549,888
95$1,078,699$0$0$521,241
96$1,020,740$0$0$487,002
97$951,578$0$0$446,518
98$869,904$0$0$399,065
99$774,268$0$0$343,841
100$663,070$0$0$279,963