Can I retire at age 63 with 699,000?

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 $699,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$57,723$57,209$56,707$56,217$55,739$54,952
2 years$28,576$28,043$27,528$27,028$26,542$25,751
3 years$18,861$18,327$17,812$17,317$16,840$16,068
4 years$14,005$13,472$12,963$12,476$12,010$11,265
5 years$11,092$10,562$10,060$9,583$9,130$8,413
6 years$9,151$8,625$8,130$7,663$7,224$6,536
7 years$7,764$7,243$6,756$6,300$5,875$5,217
8 years$6,725$6,209$5,729$5,285$4,874$4,245
9 years$5,917$5,406$4,935$4,502$4,105$3,505
10 years$5,272$4,765$4,302$3,881$3,497$2,926
11 years$4,744$4,242$3,788$3,377$3,008$2,464
12 years$4,304$3,807$3,361$2,962$2,607$2,091
13 years$3,932$3,441$3,003$2,615$2,273$1,784
14 years$3,614$3,128$2,698$2,322$1,992$1,529
15 years$3,338$2,857$2,436$2,070$1,754$1,316
16 years$3,097$2,621$2,209$1,854$1,550$1,137
17 years$2,884$2,414$2,010$1,666$1,375$984
18 years$2,696$2,231$1,835$1,501$1,222$855
19 years$2,527$2,067$1,680$1,356$1,090$743
20 years$2,376$1,921$1,542$1,228$973$648
21 years$2,239$1,789$1,418$1,115$871$565
22 years$2,114$1,670$1,307$1,014$781$494
23 years$2,001$1,562$1,207$923$701$432
24 years$1,897$1,464$1,116$842$630$379
25 years$1,802$1,374$1,034$769$567$332
26 years$1,714$1,291$959$703$511$291
27 years$1,633$1,215$890$644$460$255
28 years$1,558$1,145$827$590$415$224
29 years$1,488$1,080$770$541$375$197
30 years$1,423$1,020$717$496$339$173
31 years$1,362$964$669$456$306$152
32 years$1,305$912$624$419$277$134
33 years$1,252$864$583$385$251$118
34 years$1,202$819$544$354$227$104
35 years$1,155$777$509$326$206$91
36 years$1,110$737$476$300$186$80
37 years$1,068$700$446$277$169$71
38 years$1,029$665$417$255$153$62
39 years$991$633$391$235$139$55
40 years$956$602$366$217$126$48
41 years$922$573$344$200$114$43
42 years$890$546$322$185$104$38
43 years$859$520$302$171$94$33
44 years$831$496$284$157$85$29
45 years$803$473$267$145$78$26
46 years$777$451$250$134$70$23
47 years$751$430$235$124$64$20
48 years$727$411$221$115$58$18
49 years$704$392$208$106$53$16
50 years$682$375$195$98$48$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $699,000, adding $4,326 every year, while hoping to spend $48,090 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: 40/30/30 Blend
62$699,000$699,000$699,000$699,000
63$774,760$737,713$726,879$798,749
64$802,618$722,694$700,062$801,634
65$831,706$705,327$670,735$800,003
66$862,099$685,446$638,763$797,340
67$893,876$662,876$604,005$793,580
68$927,126$637,432$566,313$788,659
69$961,943$608,916$525,534$782,509
70$998,428$577,120$481,508$775,058
71$1,036,694$541,825$434,064$766,236
72$1,076,861$502,798$383,029$755,968
73$1,119,059$459,793$328,219$744,176
74$1,163,430$412,551$269,441$730,783
75$1,210,129$360,795$206,497$715,709
76$1,259,325$304,236$139,177$698,872
77$1,311,200$242,568$67,263$680,188
78$1,365,954$175,465$0$659,572
79$1,423,805$102,587$0$639,976
80$1,484,990$23,571$0$641,453
81$1,549,769$0$0$642,442
82$1,618,424$0$0$663,397
83$1,691,266$0$0$693,931
84$1,768,632$0$0$726,409
85$1,850,892$0$0$760,993
86$1,938,451$0$0$797,861
87$2,031,753$0$0$837,205
88$2,131,282$0$0$879,238
89$2,237,570$0$0$924,192
90$2,351,200$0$0$972,323
91$2,472,810$0$0$1,023,910
92$2,603,101$0$0$1,079,260
93$2,742,840$0$0$1,138,710
94$2,892,871$0$0$1,202,628
95$3,054,118$0$0$1,271,420
96$3,227,597$0$0$1,345,532
97$3,414,422$0$0$1,425,453
98$3,615,819$0$0$1,511,721
99$3,833,131$0$0$1,604,925
100$4,067,837$0$0$1,705,714