Can I retire at age 63 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$58,961$58,436$57,924$57,424$56,935$55,113
2 years$29,189$28,645$28,118$27,608$27,112$25,293
3 years$19,266$18,720$18,194$17,688$17,201$15,442
4 years$14,305$13,761$13,241$12,744$12,268$10,583
5 years$11,330$10,789$10,275$9,788$9,326$7,719
6 years$9,347$8,810$8,304$7,828$7,379$5,852
7 years$7,931$7,399$6,901$6,436$6,001$4,553
8 years$6,870$6,342$5,852$5,399$4,979$3,609
9 years$6,044$5,522$5,041$4,598$4,193$2,900
10 years$5,385$4,867$4,395$3,964$3,572$2,355
11 years$4,845$4,333$3,869$3,450$3,072$1,927
12 years$4,396$3,889$3,434$3,026$2,662$1,588
13 years$4,016$3,515$3,068$2,671$2,322$1,314
14 years$3,691$3,195$2,756$2,371$2,035$1,093
15 years$3,409$2,918$2,489$2,115$1,792$912
16 years$3,163$2,678$2,256$1,894$1,584$762
17 years$2,946$2,466$2,053$1,701$1,404$639
18 years$2,754$2,279$1,874$1,533$1,249$537
19 years$2,581$2,112$1,716$1,385$1,113$452
20 years$2,427$1,962$1,575$1,255$994$380
21 years$2,287$1,828$1,448$1,139$890$321
22 years$2,160$1,706$1,335$1,035$797$271
23 years$2,044$1,596$1,233$943$716$229
24 years$1,938$1,495$1,140$860$643$193
25 years$1,841$1,403$1,056$785$579$163
26 years$1,751$1,319$979$718$521$138
27 years$1,668$1,241$909$657$470$117
28 years$1,591$1,169$845$602$424$99
29 years$1,520$1,103$787$552$383$84
30 years$1,453$1,042$733$507$346$71
31 years$1,391$985$683$466$313$60
32 years$1,333$932$637$428$283$51
33 years$1,279$883$595$393$256$43
34 years$1,227$837$556$362$232$37
35 years$1,179$793$520$333$210$31
36 years$1,134$753$486$307$190$26
37 years$1,091$715$455$283$173$22
38 years$1,051$680$426$261$156$19
39 years$1,012$646$399$240$142$16
40 years$976$615$374$222$129$14
41 years$942$585$351$205$117$12
42 years$909$557$329$189$106$10
43 years$878$531$309$174$96$8
44 years$848$506$290$161$87$7
45 years$820$483$272$149$79$6
46 years$793$461$256$137$72$5
47 years$768$440$240$127$65$4
48 years$743$420$226$117$59$4
49 years$720$401$212$108$54$3
50 years$697$383$200$100$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $714,000, adding $4,996 every year, while hoping to spend $58,741 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: 34/40/26 Blend
62$714,000$714,000$714,000$714,000
63$791,981$754,139$743,072$812,523
64$810,264$728,592$705,465$802,809
65$828,442$699,825$664,630$786,700
66$846,443$667,616$620,395$768,172
67$864,186$631,735$572,584$747,049
68$881,578$591,936$521,011$723,144
69$898,516$547,957$465,481$696,255
70$914,881$499,524$405,792$666,170
71$930,545$446,346$341,732$632,662
72$945,361$388,117$273,080$595,486
73$959,164$324,512$199,605$554,385
74$971,773$255,187$121,065$509,080
75$982,983$179,780$37,210$459,276
76$992,567$97,910$0$404,657
77$1,000,273$9,171$0$359,388
78$1,005,818$0$0$320,564
79$1,008,890$0$0$315,778
80$1,009,140$0$0$313,911
81$1,006,182$0$0$310,781
82$999,586$0$0$306,224
83$988,878$0$0$300,060
84$973,528$0$0$292,089
85$952,951$0$0$282,091
86$926,500$0$0$269,818
87$893,455$0$0$255,002
88$853,022$0$0$237,340
89$804,321$0$0$216,501
90$746,377$0$0$192,117
91$678,113$0$0$163,783
92$598,339$0$0$131,049
93$505,735$0$0$93,418
94$398,846$0$0$50,343
95$276,063$0$0$1,217
96$135,607$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0