Can I retire at age 63 with 695,000?

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 $695,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$57,392$56,881$56,382$55,896$55,420$53,221
2 years$28,412$27,883$27,370$26,873$26,391$24,203
3 years$18,753$18,222$17,710$17,218$16,743$14,635
4 years$13,925$13,395$12,889$12,404$11,941$9,929
5 years$11,028$10,502$10,002$9,528$9,078$7,166
6 years$9,098$8,576$8,083$7,619$7,183$5,373
7 years$7,720$7,202$6,717$6,264$5,842$4,133
8 years$6,687$6,173$5,697$5,255$4,846$3,238
9 years$5,884$5,375$4,907$4,476$4,081$2,570
10 years$5,241$4,738$4,278$3,858$3,477$2,060
11 years$4,716$4,218$3,766$3,358$2,991$1,665
12 years$4,279$3,786$3,342$2,945$2,592$1,353
13 years$3,909$3,421$2,986$2,600$2,260$1,105
14 years$3,593$3,110$2,683$2,308$1,981$906
15 years$3,319$2,841$2,422$2,059$1,744$745
16 years$3,079$2,606$2,196$1,843$1,542$614
17 years$2,868$2,400$1,998$1,656$1,367$507
18 years$2,680$2,218$1,824$1,493$1,215$420
19 years$2,513$2,056$1,670$1,349$1,083$348
20 years$2,362$1,910$1,533$1,221$968$289
21 years$2,226$1,779$1,410$1,109$866$240
22 years$2,102$1,661$1,299$1,008$776$199
23 years$1,990$1,553$1,200$918$697$166
24 years$1,887$1,455$1,110$837$626$138
25 years$1,792$1,366$1,028$765$564$115
26 years$1,705$1,284$953$699$508$95
27 years$1,624$1,208$885$640$458$79
28 years$1,549$1,138$823$586$413$66
29 years$1,479$1,074$766$538$373$55
30 years$1,415$1,014$713$493$337$46
31 years$1,354$959$665$453$305$38
32 years$1,298$907$620$416$276$32
33 years$1,245$859$579$383$249$27
34 years$1,195$814$541$352$226$22
35 years$1,148$772$506$324$204$18
36 years$1,104$733$473$299$185$15
37 years$1,062$696$443$275$168$13
38 years$1,023$662$415$254$152$11
39 years$985$629$389$234$138$9
40 years$950$599$364$216$125$7
41 years$917$570$342$199$114$6
42 years$885$543$320$184$103$5
43 years$855$517$301$170$94$4
44 years$826$493$282$157$85$4
45 years$798$470$265$145$77$3
46 years$772$448$249$134$70$3
47 years$747$428$234$123$64$2
48 years$723$408$220$114$58$2
49 years$700$390$207$105$52$1
50 years$679$373$194$97$48$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $695,000, adding $4,256 every year, while hoping to spend $54,651 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: 86/6/8 Blend
62$695,000$695,000$695,000$695,000
63$770,280$733,445$722,673$835,514
64$790,700$711,236$688,734$856,500
65$811,372$686,106$651,827$871,628
66$832,263$657,856$611,793$886,515
67$853,335$626,273$568,470$901,098
68$874,547$591,132$521,686$915,309
69$895,849$552,195$471,260$929,071
70$917,184$509,212$417,006$942,299
71$938,490$461,916$358,729$954,902
72$959,693$410,027$296,223$966,775
73$980,711$353,248$229,276$977,805
74$1,001,452$291,265$157,665$987,865
75$1,021,810$223,747$81,157$996,817
76$1,041,669$150,345$0$1,004,507
77$1,060,895$70,689$0$1,010,809
78$1,079,342$0$0$1,022,888
79$1,096,843$0$0$1,034,659
80$1,113,212$0$0$1,050,020
81$1,128,242$0$0$1,064,107
82$1,141,701$0$0$1,076,701
83$1,153,333$0$0$1,087,557
84$1,162,849$0$0$1,096,403
85$1,169,930$0$0$1,102,936
86$1,174,220$0$0$1,106,818
87$1,175,324$0$0$1,107,674
88$1,172,802$0$0$1,105,089
89$1,166,168$0$0$1,098,600
90$1,154,879$0$0$1,087,693
91$1,138,337$0$0$1,071,801
92$1,115,875$0$0$1,050,293
93$1,086,758$0$0$1,022,469
94$1,050,167$0$0$987,557
95$1,005,201$0$0$944,698
96$950,857$0$0$892,945
97$886,028$0$0$831,247
98$809,490$0$0$758,444
99$719,887$0$0$673,250
100$615,721$0$0$574,247