Can I retire at age 63 with 715,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.6%
1 years$59,044$58,518$58,005$57,504$57,015$55,933
2 years$29,230$28,685$28,158$27,646$27,150$26,064
3 years$19,293$18,746$18,220$17,713$17,225$16,169
4 years$14,325$13,780$13,259$12,761$12,285$11,267
5 years$11,346$10,804$10,290$9,802$9,339$8,362
6 years$9,360$8,822$8,316$7,839$7,390$6,454
7 years$7,942$7,409$6,910$6,445$6,010$5,117
8 years$6,879$6,351$5,861$5,406$4,986$4,135
9 years$6,053$5,530$5,048$4,605$4,199$3,389
10 years$5,392$4,874$4,401$3,969$3,577$2,809
11 years$4,852$4,339$3,874$3,455$3,077$2,348
12 years$4,402$3,895$3,438$3,030$2,666$1,977
13 years$4,022$3,519$3,072$2,675$2,325$1,673
14 years$3,696$3,199$2,760$2,375$2,038$1,423
15 years$3,414$2,922$2,492$2,118$1,794$1,215
16 years$3,168$2,681$2,259$1,896$1,586$1,040
17 years$2,950$2,469$2,056$1,704$1,406$893
18 years$2,757$2,282$1,877$1,535$1,250$769
19 years$2,585$2,115$1,718$1,387$1,114$663
20 years$2,430$1,965$1,577$1,257$995$572
21 years$2,290$1,830$1,450$1,140$891$495
22 years$2,163$1,709$1,337$1,037$799$429
23 years$2,047$1,598$1,234$944$717$372
24 years$1,941$1,497$1,141$861$644$322
25 years$1,843$1,405$1,057$787$580$280
26 years$1,754$1,321$981$719$522$243
27 years$1,671$1,243$911$658$471$211
28 years$1,594$1,171$846$603$425$184
29 years$1,522$1,105$788$553$384$160
30 years$1,455$1,043$734$508$347$139
31 years$1,393$986$684$466$313$121
32 years$1,335$933$638$428$283$106
33 years$1,280$884$596$394$257$92
34 years$1,229$838$557$363$232$80
35 years$1,181$795$521$334$210$70
36 years$1,136$754$487$307$191$61
37 years$1,093$716$456$283$173$53
38 years$1,052$681$427$261$157$46
39 years$1,014$647$400$241$142$40
40 years$978$616$375$222$129$35
41 years$943$586$351$205$117$31
42 years$910$558$330$189$106$27
43 years$879$532$309$174$96$23
44 years$850$507$290$161$87$20
45 years$821$484$273$149$79$18
46 years$794$461$256$137$72$16
47 years$769$440$241$127$65$14
48 years$744$420$226$117$59$12
49 years$721$401$213$108$54$10
50 years$698$383$200$100$49$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $715,000, adding $6,060 every year, while hoping to spend $42,671 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: 52/20/28 Blend
62$715,000$715,000$715,000$715,000
63$794,181$756,286$745,203$828,962
64$829,786$747,942$724,766$845,430
65$867,592$737,760$702,214$858,536
66$907,780$725,603$677,431$871,949
67$950,544$711,329$650,297$885,718
68$996,102$694,786$620,683$899,897
69$1,044,687$675,813$588,459$914,550
70$1,096,558$654,240$553,485$929,748
71$1,151,996$629,888$515,617$945,574
72$1,211,313$602,566$474,703$962,121
73$1,274,847$572,072$430,586$979,497
74$1,342,971$538,193$383,100$997,822
75$1,416,094$500,704$332,073$1,017,233
76$1,494,663$459,366$277,325$1,037,887
77$1,579,172$413,928$218,669$1,059,956
78$1,670,160$364,123$155,907$1,083,639
79$1,768,221$309,670$88,834$1,109,158
80$1,874,007$250,271$17,238$1,136,762
81$1,988,234$185,613$0$1,166,730
82$2,111,689$115,363$0$1,217,055
83$2,245,237$39,172$0$1,277,056
84$2,389,830$0$0$1,342,044
85$2,546,511$0$0$1,422,072
86$2,716,431$0$0$1,518,272
87$2,900,853$0$0$1,622,745
88$3,101,167$0$0$1,736,287
89$3,318,903$0$0$1,859,773
90$3,555,743$0$0$1,994,166
91$3,813,537$0$0$2,140,525
92$4,094,322$0$0$2,300,015
93$4,400,339$0$0$2,473,920
94$4,734,055$0$0$2,663,651
95$5,098,183$0$0$2,870,763
96$5,495,711$0$0$3,096,966
97$5,929,929$0$0$3,344,143
98$6,404,458$0$0$3,614,367
99$6,923,283$0$0$3,909,922
100$7,490,794$0$0$4,233,321