Can I retire at age 63 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$59,292$58,764$58,248$57,745$57,254$56,260
2 years$29,352$28,806$28,276$27,762$27,264$26,265
3 years$19,374$18,825$18,296$17,788$17,297$16,325
4 years$14,386$13,838$13,315$12,815$12,337$11,399
5 years$11,393$10,849$10,333$9,843$9,378$8,477
6 years$9,399$8,859$8,351$7,872$7,421$6,558
7 years$7,975$7,440$6,939$6,472$6,035$5,211
8 years$6,908$6,377$5,885$5,429$5,007$4,220
9 years$6,078$5,553$5,069$4,624$4,216$3,468
10 years$5,415$4,894$4,419$3,986$3,592$2,881
11 years$4,872$4,357$3,891$3,469$3,090$2,415
12 years$4,421$3,911$3,453$3,043$2,677$2,038
13 years$4,039$3,534$3,085$2,686$2,335$1,730
14 years$3,712$3,213$2,772$2,385$2,047$1,475
15 years$3,429$2,935$2,503$2,127$1,802$1,262
16 years$3,181$2,693$2,269$1,904$1,593$1,084
17 years$2,963$2,480$2,065$1,711$1,412$934
18 years$2,769$2,291$1,885$1,542$1,256$806
19 years$2,596$2,124$1,725$1,393$1,119$697
20 years$2,440$1,973$1,583$1,262$1,000$604
21 years$2,300$1,838$1,456$1,145$895$524
22 years$2,172$1,716$1,342$1,041$802$455
23 years$2,056$1,605$1,239$948$720$396
24 years$1,949$1,504$1,146$865$647$344
25 years$1,851$1,411$1,062$790$582$300
26 years$1,761$1,326$985$722$524$261
27 years$1,678$1,248$914$661$473$228
28 years$1,600$1,176$850$606$427$199
29 years$1,528$1,109$791$555$385$174
30 years$1,462$1,048$737$510$348$152
31 years$1,399$990$687$468$315$132
32 years$1,341$937$641$430$285$116
33 years$1,286$888$598$396$258$101
34 years$1,234$841$559$364$233$88
35 years$1,186$798$523$335$211$77
36 years$1,140$757$489$309$191$68
37 years$1,097$719$458$284$173$59
38 years$1,057$684$429$262$157$52
39 years$1,018$650$402$242$143$45
40 years$982$618$376$223$129$40
41 years$947$589$353$206$117$35
42 years$914$561$331$190$106$30
43 years$883$534$311$175$97$27
44 years$853$509$292$162$88$23
45 years$825$486$274$149$80$20
46 years$798$463$257$138$72$18
47 years$772$442$242$128$66$16
48 years$747$422$227$118$60$14
49 years$724$403$213$109$54$12
50 years$701$385$201$101$49$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $718,000, adding $5,081 every year, while hoping to spend $22,621 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: 82/9/9 Blend
62$718,000$718,000$718,000$718,000
63$796,477$758,423$747,294$860,364
64$853,649$771,517$748,260$916,022
65$915,895$784,495$748,500$973,586
66$983,707$797,326$747,966$1,036,097
67$1,057,630$809,980$746,607$1,104,038
68$1,138,260$822,421$744,371$1,177,941
69$1,226,257$834,614$741,202$1,258,393
70$1,322,344$846,519$737,041$1,346,039
71$1,427,319$858,094$731,827$1,441,589
72$1,542,059$869,294$725,497$1,545,828
73$1,667,531$880,072$717,983$1,659,616
74$1,804,799$890,375$709,215$1,783,905
75$1,955,034$900,149$699,120$1,919,742
76$2,119,527$909,336$687,620$2,068,279
77$2,299,699$917,873$674,634$2,230,787
78$2,497,113$925,693$660,080$2,408,667
79$2,713,493$932,727$643,867$2,603,459
80$2,950,736$938,898$625,903$2,816,863
81$3,210,933$944,125$606,093$3,050,752
82$3,496,386$948,325$584,334$3,307,188
83$3,809,629$951,405$560,522$3,588,444
84$4,153,457$953,270$534,545$3,897,025
85$4,530,946$953,816$506,288$4,235,690
86$4,945,484$952,935$475,631$4,607,481
87$5,400,805$950,510$442,446$5,015,748
88$5,901,022$946,420$406,603$5,464,185
89$6,450,665$940,533$367,963$5,956,859
90$7,054,725$932,712$326,382$6,498,256
91$7,718,701$922,809$281,710$7,093,316
92$8,448,651$910,669$233,790$7,747,485
93$9,251,249$896,128$182,458$8,466,762
94$10,133,849$879,010$127,542$9,257,760
95$11,104,552$859,132$68,865$10,127,766
96$12,172,283$836,296$6,239$11,084,810
97$13,346,877$810,296$0$12,137,741
98$14,639,171$780,912$0$13,302,131
99$16,061,101$747,913$0$14,583,925
100$17,625,824$711,051$0$15,994,387