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%11.6%
1 years$59,044$58,518$58,005$57,504$57,015$56,632
2 years$29,230$28,685$28,158$27,646$27,150$26,764
3 years$19,293$18,746$18,220$17,713$17,225$16,847
4 years$14,325$13,780$13,259$12,761$12,285$11,919
5 years$11,346$10,804$10,290$9,802$9,339$8,986
6 years$9,360$8,822$8,316$7,839$7,390$7,049
7 years$7,942$7,409$6,910$6,445$6,010$5,683
8 years$6,879$6,351$5,861$5,406$4,986$4,672
9 years$6,053$5,530$5,048$4,605$4,199$3,898
10 years$5,392$4,874$4,401$3,969$3,577$3,290
11 years$4,852$4,339$3,874$3,455$3,077$2,802
12 years$4,402$3,895$3,438$3,030$2,666$2,404
13 years$4,022$3,519$3,072$2,675$2,325$2,075
14 years$3,696$3,199$2,760$2,375$2,038$1,801
15 years$3,414$2,922$2,492$2,118$1,794$1,569
16 years$3,168$2,681$2,259$1,896$1,586$1,372
17 years$2,950$2,469$2,056$1,704$1,406$1,203
18 years$2,757$2,282$1,877$1,535$1,250$1,058
19 years$2,585$2,115$1,718$1,387$1,114$932
20 years$2,430$1,965$1,577$1,257$995$823
21 years$2,290$1,830$1,450$1,140$891$728
22 years$2,163$1,709$1,337$1,037$799$645
23 years$2,047$1,598$1,234$944$717$572
24 years$1,941$1,497$1,141$861$644$508
25 years$1,843$1,405$1,057$787$580$452
26 years$1,754$1,321$981$719$522$402
27 years$1,671$1,243$911$658$471$358
28 years$1,594$1,171$846$603$425$319
29 years$1,522$1,105$788$553$384$284
30 years$1,455$1,043$734$508$347$254
31 years$1,393$986$684$466$313$226
32 years$1,335$933$638$428$283$202
33 years$1,280$884$596$394$257$180
34 years$1,229$838$557$363$232$161
35 years$1,181$795$521$334$210$144
36 years$1,136$754$487$307$191$129
37 years$1,093$716$456$283$173$115
38 years$1,052$681$427$261$157$103
39 years$1,014$647$400$241$142$92
40 years$978$616$375$222$129$82
41 years$943$586$351$205$117$74
42 years$910$558$330$189$106$66
43 years$879$532$309$174$96$59
44 years$850$507$290$161$87$53
45 years$821$484$273$149$79$47
46 years$794$461$256$137$72$42
47 years$769$440$241$127$65$38
48 years$744$420$226$117$59$34
49 years$721$401$213$108$54$30
50 years$698$383$200$100$49$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $715,000, adding $4,658 every year, while hoping to spend $26,045 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: 37/38/25 Blend
62$715,000$715,000$715,000$715,000
63$792,735$754,840$743,757$815,981
64$845,882$764,115$740,961$842,731
65$903,577$772,972$737,199$868,871
66$966,257$781,363$732,410$896,594
67$1,034,402$789,236$726,532$926,059
68$1,108,539$796,537$719,499$957,442
69$1,189,250$803,207$711,242$990,941
70$1,277,174$809,185$701,690$1,026,772
71$1,373,015$814,404$690,765$1,065,176
72$1,477,547$818,794$678,391$1,106,421
73$1,591,623$822,281$664,483$1,150,803
74$1,716,180$824,785$648,955$1,198,651
75$1,852,252$826,221$631,716$1,250,328
76$2,000,975$826,499$612,672$1,306,239
77$2,163,602$825,525$591,724$1,366,829
78$2,341,510$823,197$568,768$1,432,595
79$2,536,218$819,406$543,695$1,504,083
80$2,749,395$814,041$516,392$1,581,901
81$2,982,883$806,978$486,741$1,666,719
82$3,238,708$798,091$454,617$1,759,282
83$3,519,101$787,242$419,892$1,860,412
84$3,826,521$774,289$382,430$1,971,018
85$4,163,674$759,077$342,089$2,092,108
86$4,533,543$741,446$298,723$2,224,794
87$4,939,411$721,224$252,178$2,370,307
88$5,384,897$698,230$202,291$2,530,010
89$5,873,985$672,271$148,896$2,705,405
90$6,411,064$643,145$91,817$2,898,159
91$7,000,970$610,637$30,870$3,110,108
92$7,649,030$574,519$0$3,343,286
93$8,361,111$534,551$0$3,609,052
94$9,143,680$490,479$0$3,910,152
95$10,003,857$442,034$0$4,241,141
96$10,949,488$388,932$0$4,605,104
97$11,989,220$330,873$0$5,005,444
98$13,132,574$267,540$0$5,445,919
99$14,390,046$198,598$0$5,930,674
100$15,773,194$123,693$0$6,464,280