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%17.3%
1 years$59,374$58,845$58,329$57,826$57,334$55,633
2 years$29,393$28,846$28,315$27,801$27,302$25,602
3 years$19,401$18,851$18,322$17,812$17,321$15,676
4 years$14,406$13,858$13,334$12,833$12,354$10,775
5 years$11,409$10,864$10,347$9,857$9,391$7,884
6 years$9,412$8,872$8,362$7,883$7,431$5,997
7 years$7,987$7,450$6,949$6,481$6,043$4,682
8 years$6,918$6,386$5,893$5,436$5,014$3,724
9 years$6,087$5,560$5,076$4,631$4,222$3,004
10 years$5,422$4,901$4,425$3,992$3,597$2,448
11 years$4,879$4,363$3,896$3,474$3,094$2,012
12 years$4,427$3,916$3,458$3,047$2,681$1,664
13 years$4,044$3,539$3,089$2,690$2,338$1,383
14 years$3,717$3,217$2,776$2,388$2,049$1,155
15 years$3,433$2,939$2,506$2,130$1,805$967
16 years$3,185$2,696$2,272$1,907$1,595$812
17 years$2,967$2,483$2,067$1,713$1,414$684
18 years$2,773$2,295$1,887$1,544$1,257$577
19 years$2,600$2,127$1,728$1,395$1,121$488
20 years$2,444$1,976$1,586$1,264$1,001$413
21 years$2,303$1,841$1,459$1,147$896$350
22 years$2,175$1,718$1,344$1,043$803$296
23 years$2,058$1,607$1,241$950$721$252
24 years$1,952$1,506$1,148$866$648$214
25 years$1,854$1,413$1,063$791$583$182
26 years$1,763$1,328$986$723$525$154
27 years$1,680$1,250$916$662$473$131
28 years$1,602$1,178$851$607$427$112
29 years$1,531$1,111$792$556$386$95
30 years$1,464$1,049$738$510$349$81
31 years$1,401$992$688$469$315$69
32 years$1,342$939$642$431$285$59
33 years$1,288$889$599$396$258$50
34 years$1,236$842$560$365$234$43
35 years$1,188$799$523$336$212$36
36 years$1,142$758$490$309$192$31
37 years$1,099$720$458$285$174$26
38 years$1,058$684$429$262$157$22
39 years$1,020$651$402$242$143$19
40 years$983$619$377$223$130$16
41 years$948$589$353$206$118$14
42 years$915$561$332$190$107$12
43 years$884$535$311$175$97$10
44 years$854$510$292$162$88$9
45 years$826$486$274$150$80$7
46 years$799$464$258$138$72$6
47 years$773$443$242$128$66$5
48 years$748$423$227$118$60$5
49 years$725$404$214$109$54$4
50 years$702$385$201$101$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $719,000, adding $3,381 every year, while hoping to spend $49,508 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: 65/14/21 Blend
62$719,000$719,000$719,000$719,000
63$795,826$757,719$746,574$843,081
64$824,324$742,171$718,908$859,711
65$854,069$724,202$688,656$871,946
66$885,137$703,640$655,679$884,160
67$917,609$680,306$619,832$896,354
68$951,571$654,008$580,963$908,530
69$987,120$624,542$538,913$920,690
70$1,024,356$591,695$493,517$932,841
71$1,063,392$555,240$444,601$944,993
72$1,104,348$514,937$391,986$957,157
73$1,147,355$470,532$335,481$969,348
74$1,192,555$421,758$274,889$981,588
75$1,240,103$368,331$210,005$993,899
76$1,290,167$309,953$140,614$1,006,314
77$1,342,930$246,307$66,490$1,018,866
78$1,398,592$177,058$0$1,031,601
79$1,457,369$101,855$0$1,047,394
80$1,519,500$20,325$0$1,079,563
81$1,585,242$0$0$1,113,321
82$1,654,879$0$0$1,159,273
83$1,728,720$0$0$1,211,342
84$1,807,100$0$0$1,266,638
85$1,890,391$0$0$1,325,423
86$1,978,994$0$0$1,387,987
87$2,073,352$0$0$1,454,644
88$2,173,948$0$0$1,525,741
89$2,281,312$0$0$1,601,655
90$2,396,024$0$0$1,682,801
91$2,518,721$0$0$1,769,634
92$2,650,099$0$0$1,862,653
93$2,790,924$0$0$1,962,404
94$2,942,033$0$0$2,069,486
95$3,104,349$0$0$2,184,559
96$3,278,881$0$0$2,308,346
97$3,466,739$0$0$2,441,638
98$3,669,141$0$0$2,585,309
99$3,887,425$0$0$2,740,314
100$4,123,061$0$0$2,907,706