Can I retire at age 63 with 719,000?

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 $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$59,374$58,845$58,329$57,826$57,334$56,477
2 years$29,393$28,846$28,315$27,801$27,302$26,441
3 years$19,401$18,851$18,322$17,812$17,321$16,483
4 years$14,406$13,858$13,334$12,833$12,354$11,544
5 years$11,409$10,864$10,347$9,857$9,391$8,612
6 years$9,412$8,872$8,362$7,883$7,431$6,684
7 years$7,987$7,450$6,949$6,481$6,043$5,329
8 years$6,918$6,386$5,893$5,436$5,014$4,331
9 years$6,087$5,560$5,076$4,631$4,222$3,571
10 years$5,422$4,901$4,425$3,992$3,597$2,978
11 years$4,879$4,363$3,896$3,474$3,094$2,505
12 years$4,427$3,916$3,458$3,047$2,681$2,122
13 years$4,044$3,539$3,089$2,690$2,338$1,809
14 years$3,717$3,217$2,776$2,388$2,049$1,548
15 years$3,433$2,939$2,506$2,130$1,805$1,331
16 years$3,185$2,696$2,272$1,907$1,595$1,148
17 years$2,967$2,483$2,067$1,713$1,414$993
18 years$2,773$2,295$1,887$1,544$1,257$860
19 years$2,600$2,127$1,728$1,395$1,121$747
20 years$2,444$1,976$1,586$1,264$1,001$650
21 years$2,303$1,841$1,459$1,147$896$567
22 years$2,175$1,718$1,344$1,043$803$495
23 years$2,058$1,607$1,241$950$721$432
24 years$1,952$1,506$1,148$866$648$378
25 years$1,854$1,413$1,063$791$583$331
26 years$1,763$1,328$986$723$525$289
27 years$1,680$1,250$916$662$473$254
28 years$1,602$1,178$851$607$427$222
29 years$1,531$1,111$792$556$386$195
30 years$1,464$1,049$738$510$349$171
31 years$1,401$992$688$469$315$150
32 years$1,342$939$642$431$285$132
33 years$1,288$889$599$396$258$116
34 years$1,236$842$560$365$234$102
35 years$1,188$799$523$336$212$90
36 years$1,142$758$490$309$192$79
37 years$1,099$720$458$285$174$69
38 years$1,058$684$429$262$157$61
39 years$1,020$651$402$242$143$54
40 years$983$619$377$223$130$47
41 years$948$589$353$206$118$41
42 years$915$561$332$190$107$36
43 years$884$535$311$175$97$32
44 years$854$510$292$162$88$28
45 years$826$486$274$150$80$25
46 years$799$464$258$138$72$22
47 years$773$443$242$128$66$19
48 years$748$423$227$118$60$17
49 years$725$404$214$109$54$15
50 years$702$385$201$101$49$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $719,000, adding $6,862 every year, while hoping to spend $59,916 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: 39/33/28 Blend
62$719,000$719,000$719,000$719,000
63$799,416$761,309$750,165$823,736
64$817,206$734,863$711,545$815,678
65$834,803$705,113$669,623$800,942
66$852,123$671,834$624,226$783,864
67$869,074$634,788$575,171$764,269
68$885,549$593,722$522,269$741,969
69$901,431$548,371$465,322$716,765
70$916,589$498,452$404,122$688,442
71$930,873$443,669$338,452$656,772
72$944,120$383,706$268,088$621,508
73$956,144$318,232$192,793$582,390
74$966,740$246,894$112,321$539,136
75$975,679$169,323$26,414$491,444
76$982,704$85,126$0$438,991
77$987,533$0$0$400,931
78$989,848$0$0$369,300
79$989,300$0$0$367,297
80$985,499$0$0$363,840
81$978,011$0$0$358,741
82$966,358$0$0$351,792
83$950,006$0$0$342,764
84$928,366$0$0$331,399
85$900,785$0$0$317,416
86$866,539$0$0$300,502
87$824,827$0$0$280,309
88$774,763$0$0$256,456
89$715,364$0$0$228,517
90$645,547$0$0$196,024
91$564,110$0$0$158,460
92$469,728$0$0$115,251
93$360,933$0$0$65,764
94$236,104$0$0$9,301
95$93,452$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0