Can I retire at age 62 with 663,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $663,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$54,750$54,262$53,786$53,322$52,869$52,338
2 years$27,104$26,599$26,110$25,636$25,176$24,641
3 years$17,890$17,383$16,895$16,425$15,972$15,451
4 years$13,284$12,778$12,295$11,833$11,392$10,887
5 years$10,521$10,018$9,542$9,089$8,660$8,173
6 years$8,679$8,181$7,711$7,269$6,852$6,385
7 years$7,365$6,870$6,408$5,976$5,573$5,124
8 years$6,379$5,889$5,434$5,013$4,623$4,194
9 years$5,613$5,127$4,681$4,270$3,893$3,483
10 years$5,000$4,520$4,081$3,681$3,317$2,925
11 years$4,499$4,023$3,593$3,203$2,853$2,479
12 years$4,082$3,611$3,188$2,810$2,472$2,117
13 years$3,729$3,264$2,849$2,481$2,156$1,818
14 years$3,427$2,966$2,559$2,202$1,890$1,569
15 years$3,166$2,710$2,311$1,964$1,664$1,359
16 years$2,937$2,486$2,095$1,758$1,471$1,182
17 years$2,736$2,290$1,906$1,580$1,304$1,031
18 years$2,557$2,116$1,740$1,424$1,159$901
19 years$2,397$1,961$1,593$1,287$1,033$790
20 years$2,253$1,822$1,462$1,165$923$693
21 years$2,123$1,697$1,345$1,057$826$610
22 years$2,006$1,584$1,240$962$740$537
23 years$1,898$1,482$1,144$876$665$473
24 years$1,800$1,388$1,058$799$597$418
25 years$1,709$1,303$980$729$538$369
26 years$1,626$1,225$909$667$484$326
27 years$1,549$1,152$844$610$437$289
28 years$1,478$1,086$785$559$394$256
29 years$1,411$1,024$730$513$356$226
30 years$1,350$968$680$471$321$201
31 years$1,292$915$634$432$291$178
32 years$1,238$865$592$397$263$158
33 years$1,187$820$553$365$238$140
34 years$1,140$777$516$336$215$124
35 years$1,095$737$483$309$195$110
36 years$1,053$699$452$285$177$98
37 years$1,013$664$423$263$160$87
38 years$976$631$396$242$145$77
39 years$940$600$371$223$132$69
40 years$906$571$348$206$119$61
41 years$874$544$326$190$108$54
42 years$844$518$306$175$98$48
43 years$815$493$287$162$89$43
44 years$788$470$269$149$81$38
45 years$762$448$253$138$74$34
46 years$737$428$237$127$67$30
47 years$713$408$223$118$61$27
48 years$690$390$210$109$55$24
49 years$668$372$197$101$50$21
50 years$647$355$185$93$45$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $663,000, adding $4,233 every year, while hoping to spend $20,994 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: 49/36/15 Blend
61$663,000$663,000$663,000$663,000
62$734,992$699,853$689,577$767,758
63$787,624$711,809$690,340$802,751
64$844,921$723,646$690,426$838,225
65$907,336$735,338$689,788$876,297
66$975,368$746,854$688,380$917,218
67$1,049,568$758,162$686,153$961,266
68$1,130,540$769,228$683,055$1,008,746
69$1,218,949$780,014$679,031$1,059,994
70$1,315,528$790,481$674,025$1,115,383
71$1,421,084$800,587$667,977$1,175,324
72$1,536,505$810,286$660,825$1,240,268
73$1,662,769$819,530$652,503$1,310,717
74$1,800,952$828,268$642,943$1,387,220
75$1,952,241$836,444$632,072$1,470,387
76$2,117,939$844,000$619,817$1,560,889
77$2,299,486$850,874$606,098$1,659,466
78$2,498,465$856,997$590,833$1,766,935
79$2,716,619$862,301$573,937$1,884,199
80$2,955,869$866,708$555,318$2,012,251
81$3,218,330$870,140$534,884$2,152,190
82$3,506,333$872,510$512,536$2,305,225
83$3,822,443$873,727$488,171$2,472,693
84$4,169,489$873,696$461,681$2,656,068
85$4,550,583$872,314$432,953$2,856,974
86$4,969,157$869,472$401,872$3,077,205
87$5,428,990$865,054$368,313$3,318,739
88$5,934,245$858,940$332,149$3,583,758
89$6,489,507$850,997$293,246$3,874,670
90$7,099,831$841,090$251,463$4,194,128
91$7,770,781$829,071$206,655$4,545,061
92$8,508,492$814,787$158,670$4,930,699
93$9,319,720$798,073$107,347$5,354,603
94$10,211,909$778,756$52,520$5,820,702
95$11,193,261$756,653$0$6,333,330
96$12,272,813$731,568$0$6,898,222
97$13,460,521$703,295$0$7,528,722
98$14,767,355$671,618$0$8,222,258
99$16,205,403$636,305$0$8,985,267
100$17,787,983$597,113$0$9,824,851