Can I retire at age 63 with 603,000?

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 $603,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$49,795$49,352$48,919$48,497$48,084$47,841
2 years$24,651$24,192$23,747$23,316$22,897$22,652
3 years$16,271$15,810$15,366$14,939$14,527$14,287
4 years$12,081$11,622$11,182$10,762$10,361$10,128
5 years$9,569$9,112$8,678$8,267$7,876$7,651
6 years$7,894$7,440$7,013$6,611$6,232$6,016
7 years$6,698$6,248$5,828$5,435$5,068$4,860
8 years$5,802$5,356$4,943$4,559$4,205$4,005
9 years$5,105$4,663$4,257$3,884$3,541$3,349
10 years$4,548$4,111$3,711$3,348$3,017$2,834
11 years$4,092$3,659$3,267$2,913$2,595$2,419
12 years$3,713$3,284$2,900$2,556$2,249$2,081
13 years$3,392$2,968$2,591$2,256$1,961$1,801
14 years$3,117$2,698$2,328$2,003$1,719$1,567
15 years$2,879$2,465$2,102$1,786$1,513$1,368
16 years$2,672$2,261$1,905$1,599$1,338$1,200
17 years$2,488$2,083$1,734$1,437$1,186$1,055
18 years$2,326$1,924$1,583$1,295$1,054$930
19 years$2,180$1,783$1,449$1,170$940$822
20 years$2,049$1,657$1,330$1,060$840$728
21 years$1,931$1,544$1,223$962$751$646
22 years$1,824$1,441$1,127$874$673$574
23 years$1,726$1,348$1,041$796$605$511
24 years$1,637$1,263$963$726$543$455
25 years$1,555$1,185$892$663$489$406
26 years$1,479$1,114$827$607$440$362
27 years$1,409$1,048$768$555$397$323
28 years$1,344$988$714$509$358$289
29 years$1,284$932$664$466$324$258
30 years$1,227$880$619$428$292$231
31 years$1,175$832$577$393$264$207
32 years$1,126$787$538$361$239$186
33 years$1,080$745$503$332$216$166
34 years$1,037$706$470$306$196$149
35 years$996$670$439$281$177$134
36 years$958$636$411$259$161$120
37 years$922$604$384$239$146$108
38 years$887$574$360$220$132$97
39 years$855$546$337$203$120$87
40 years$824$519$316$187$109$78
41 years$795$494$296$173$99$70
42 years$768$471$278$159$89$63
43 years$741$449$261$147$81$56
44 years$716$428$245$136$74$51
45 years$693$408$230$125$67$45
46 years$670$389$216$116$61$41
47 years$648$371$203$107$55$37
48 years$628$354$191$99$50$33
49 years$608$338$179$91$45$30
50 years$589$323$168$85$41$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $603,000, adding $6,111 every year, while hoping to spend $46,690 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: 43/30/27 Blend
62$603,000$603,000$603,000$603,000
63$670,809$638,850$629,504$694,150
64$689,554$620,476$600,915$693,057
65$708,646$599,637$569,803$686,970
66$728,071$576,162$536,034$679,473
67$747,813$549,873$499,470$670,464
68$767,850$520,577$459,963$659,832
69$788,160$488,075$417,361$647,459
70$808,715$452,152$371,504$633,222
71$829,481$412,585$322,226$616,987
72$850,420$369,134$269,354$598,613
73$871,490$321,549$212,704$577,950
74$892,641$269,563$152,088$554,838
75$913,815$212,897$87,308$529,106
76$934,948$151,252$18,156$500,573
77$955,966$84,317$0$469,045
78$976,785$11,760$0$450,345
79$997,313$0$0$434,849
80$1,017,443$0$0$439,194
81$1,037,055$0$0$447,136
82$1,056,017$0$0$454,726
83$1,074,179$0$0$461,893
84$1,091,371$0$0$468,556
85$1,107,408$0$0$474,624
86$1,122,079$0$0$479,997
87$1,135,151$0$0$484,562
88$1,146,362$0$0$488,195
89$1,155,423$0$0$490,755
90$1,162,010$0$0$492,089
91$1,165,764$0$0$492,023
92$1,166,286$0$0$490,369
93$1,163,132$0$0$486,912
94$1,155,809$0$0$481,418
95$1,143,772$0$0$473,627
96$1,126,414$0$0$463,248
97$1,103,065$0$0$449,962
98$1,072,978$0$0$433,414
99$1,035,331$0$0$413,212
100$989,211$0$0$388,919