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%19.5%
1 years$59,044$58,518$58,005$57,504$57,015$54,840
2 years$29,230$28,685$28,158$27,646$27,150$24,984
3 years$19,293$18,746$18,220$17,713$17,225$15,136
4 years$14,325$13,780$13,259$12,761$12,285$10,290
5 years$11,346$10,804$10,290$9,802$9,339$7,442
6 years$9,360$8,822$8,316$7,839$7,390$5,593
7 years$7,942$7,409$6,910$6,445$6,010$4,312
8 years$6,879$6,351$5,861$5,406$4,986$3,386
9 years$6,053$5,530$5,048$4,605$4,199$2,694
10 years$5,392$4,874$4,401$3,969$3,577$2,165
11 years$4,852$4,339$3,874$3,455$3,077$1,754
12 years$4,402$3,895$3,438$3,030$2,666$1,430
13 years$4,022$3,519$3,072$2,675$2,325$1,171
14 years$3,696$3,199$2,760$2,375$2,038$963
15 years$3,414$2,922$2,492$2,118$1,794$794
16 years$3,168$2,681$2,259$1,896$1,586$656
17 years$2,950$2,469$2,056$1,704$1,406$544
18 years$2,757$2,282$1,877$1,535$1,250$451
19 years$2,585$2,115$1,718$1,387$1,114$375
20 years$2,430$1,965$1,577$1,257$995$312
21 years$2,290$1,830$1,450$1,140$891$260
22 years$2,163$1,709$1,337$1,037$799$217
23 years$2,047$1,598$1,234$944$717$181
24 years$1,941$1,497$1,141$861$644$151
25 years$1,843$1,405$1,057$787$580$126
26 years$1,754$1,321$981$719$522$105
27 years$1,671$1,243$911$658$471$88
28 years$1,594$1,171$846$603$425$73
29 years$1,522$1,105$788$553$384$61
30 years$1,455$1,043$734$508$347$51
31 years$1,393$986$684$466$313$43
32 years$1,335$933$638$428$283$36
33 years$1,280$884$596$394$257$30
34 years$1,229$838$557$363$232$25
35 years$1,181$795$521$334$210$21
36 years$1,136$754$487$307$191$18
37 years$1,093$716$456$283$173$15
38 years$1,052$681$427$261$157$12
39 years$1,014$647$400$241$142$10
40 years$978$616$375$222$129$9
41 years$943$586$351$205$117$7
42 years$910$558$330$189$106$6
43 years$879$532$309$174$96$5
44 years$850$507$290$161$87$4
45 years$821$484$273$149$79$4
46 years$794$461$256$137$72$3
47 years$769$440$241$127$65$2
48 years$744$420$226$117$59$2
49 years$721$401$213$108$54$2
50 years$698$383$200$100$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $715,000, adding $3,502 every year, while hoping to spend $35,885 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: 36/47/17 Blend
62$715,000$715,000$715,000$715,000
63$791,542$753,647$742,565$815,820
64$834,098$752,395$729,259$832,483
65$879,792$749,878$714,305$846,821
66$928,906$745,997$697,610$861,540
67$981,750$740,647$679,076$876,694
68$1,038,665$733,714$658,600$892,344
69$1,100,023$725,080$636,078$908,561
70$1,166,234$714,619$611,396$925,426
71$1,237,751$702,196$584,438$943,032
72$1,315,069$687,670$555,084$961,484
73$1,398,731$670,891$523,204$980,902
74$1,489,337$651,700$488,667$1,001,421
75$1,587,544$629,929$451,332$1,023,196
76$1,694,077$605,399$411,056$1,046,400
77$1,809,732$577,922$367,684$1,071,230
78$1,935,383$547,299$321,060$1,097,906
79$2,071,994$513,318$271,018$1,126,678
80$2,220,624$475,758$217,384$1,157,826
81$2,382,439$434,381$159,977$1,191,665
82$2,558,721$388,939$98,610$1,228,547
83$2,750,882$339,169$33,086$1,268,868
84$2,960,476$284,792$0$1,313,071
85$3,189,212$225,514$0$1,368,335
86$3,438,972$161,025$0$1,435,371
87$3,711,828$90,996$0$1,508,830
88$4,010,061$15,081$0$1,589,446
89$4,336,182$0$0$1,678,035
90$4,692,956$0$0$1,810,199
91$5,083,427$0$0$1,963,481
92$5,510,947$0$0$2,131,411
93$5,979,208$0$0$2,315,450
94$6,492,275$0$0$2,517,211
95$7,054,626$0$0$2,738,467
96$7,671,191$0$0$2,981,173
97$8,347,401$0$0$3,247,481
98$9,089,237$0$0$3,539,763
99$9,903,288$0$0$3,860,631
100$10,796,811$0$0$4,212,961