Can I retire at age 63 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$59,044$58,518$58,005$57,504$57,015$55,058
2 years$29,230$28,685$28,158$27,646$27,150$25,198
3 years$19,293$18,746$18,220$17,713$17,225$15,340
4 years$14,325$13,780$13,259$12,761$12,285$10,481
5 years$11,346$10,804$10,290$9,802$9,339$7,620
6 years$9,360$8,822$8,316$7,839$7,390$5,758
7 years$7,942$7,409$6,910$6,445$6,010$4,465
8 years$6,879$6,351$5,861$5,406$4,986$3,527
9 years$6,053$5,530$5,048$4,605$4,199$2,823
10 years$5,392$4,874$4,401$3,969$3,577$2,284
11 years$4,852$4,339$3,874$3,455$3,077$1,862
12 years$4,402$3,895$3,438$3,030$2,666$1,528
13 years$4,022$3,519$3,072$2,675$2,325$1,260
14 years$3,696$3,199$2,760$2,375$2,038$1,043
15 years$3,414$2,922$2,492$2,118$1,794$866
16 years$3,168$2,681$2,259$1,896$1,586$721
17 years$2,950$2,469$2,056$1,704$1,406$602
18 years$2,757$2,282$1,877$1,535$1,250$504
19 years$2,585$2,115$1,718$1,387$1,114$422
20 years$2,430$1,965$1,577$1,257$995$354
21 years$2,290$1,830$1,450$1,140$891$297
22 years$2,163$1,709$1,337$1,037$799$249
23 years$2,047$1,598$1,234$944$717$210
24 years$1,941$1,497$1,141$861$644$176
25 years$1,843$1,405$1,057$787$580$148
26 years$1,754$1,321$981$719$522$125
27 years$1,671$1,243$911$658$471$105
28 years$1,594$1,171$846$603$425$89
29 years$1,522$1,105$788$553$384$75
30 years$1,455$1,043$734$508$347$63
31 years$1,393$986$684$466$313$53
32 years$1,335$933$638$428$283$45
33 years$1,280$884$596$394$257$38
34 years$1,229$838$557$363$232$32
35 years$1,181$795$521$334$210$27
36 years$1,136$754$487$307$191$23
37 years$1,093$716$456$283$173$19
38 years$1,052$681$427$261$157$16
39 years$1,014$647$400$241$142$14
40 years$978$616$375$222$129$11
41 years$943$586$351$205$117$10
42 years$910$558$330$189$106$8
43 years$879$532$309$174$96$7
44 years$850$507$290$161$87$6
45 years$821$484$273$149$79$5
46 years$794$461$256$137$72$4
47 years$769$440$241$127$65$3
48 years$744$420$226$117$59$3
49 years$721$401$213$108$54$2
50 years$698$383$200$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $715,000, adding $2,688 every year, while hoping to spend $27,111 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: 43/44/13 Blend
62$715,000$715,000$715,000$715,000
63$790,703$752,808$741,725$821,609
64$842,508$760,849$737,727$851,539
65$898,690$768,376$732,686$881,021
66$959,664$775,335$726,540$912,366
67$1,025,891$781,668$719,220$945,755
68$1,097,877$787,314$710,658$981,391
69$1,176,175$792,208$700,781$1,019,498
70$1,261,400$796,280$689,511$1,060,322
71$1,354,223$799,458$676,770$1,104,138
72$1,455,384$801,662$662,473$1,151,250
73$1,565,700$802,810$646,532$1,201,993
74$1,686,067$802,813$628,856$1,256,740
75$1,817,472$801,577$609,349$1,315,903
76$1,961,002$799,003$587,910$1,379,937
77$2,117,854$794,984$564,435$1,449,346
78$2,289,345$789,408$538,813$1,524,687
79$2,476,925$782,156$510,931$1,606,579
80$2,682,192$773,102$480,667$1,695,702
81$2,906,903$762,112$447,898$1,792,813
82$3,152,996$749,044$412,491$1,898,745
83$3,422,602$733,747$374,310$2,014,421
84$3,718,070$716,064$333,212$2,140,862
85$4,041,986$695,824$289,047$2,279,195
86$4,397,199$672,849$241,660$2,430,667
87$4,786,845$646,951$190,888$2,596,655
88$5,214,382$617,930$136,561$2,778,683
89$5,683,614$585,574$78,501$2,978,432
90$6,198,735$549,659$16,523$3,197,761
91$6,764,363$509,950$0$3,438,724
92$7,385,586$466,195$0$3,710,471
93$8,068,008$418,131$0$4,011,520
94$8,817,804$365,479$0$4,342,371
95$9,641,775$307,942$0$4,706,113
96$10,547,415$245,210$0$5,106,151
97$11,542,978$176,952$0$5,546,246
98$12,637,560$102,821$0$6,030,545
99$13,841,182$22,450$0$6,563,629
100$15,164,882$0$0$7,150,548