Can I retire at age 63 with 604,000?

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 $604,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$49,878$49,433$49,000$48,577$48,164$46,942
2 years$24,692$24,232$23,786$23,354$22,935$21,712
3 years$16,298$15,836$15,391$14,963$14,551$13,365
4 years$12,102$11,641$11,201$10,780$10,378$9,238
5 years$9,584$9,127$8,692$8,280$7,889$6,799
6 years$7,907$7,453$7,025$6,622$6,242$5,203
7 years$6,709$6,259$5,838$5,444$5,077$4,087
8 years$5,811$5,365$4,951$4,567$4,212$3,272
9 years$5,113$4,671$4,264$3,890$3,547$2,657
10 years$4,555$4,117$3,718$3,353$3,022$2,180
11 years$4,099$3,665$3,273$2,918$2,599$1,804
12 years$3,719$3,290$2,905$2,560$2,252$1,503
13 years$3,398$2,973$2,595$2,260$1,964$1,259
14 years$3,122$2,702$2,332$2,006$1,722$1,059
15 years$2,884$2,469$2,105$1,789$1,516$894
16 years$2,676$2,265$1,909$1,602$1,340$757
17 years$2,492$2,086$1,737$1,439$1,188$642
18 years$2,329$1,928$1,585$1,297$1,056$546
19 years$2,184$1,786$1,451$1,172$941$466
20 years$2,053$1,660$1,332$1,062$841$397
21 years$1,934$1,546$1,225$963$753$339
22 years$1,827$1,443$1,129$876$675$290
23 years$1,729$1,350$1,043$798$606$248
24 years$1,640$1,265$964$728$544$213
25 years$1,557$1,187$893$664$490$182
26 years$1,481$1,116$828$608$441$157
27 years$1,411$1,050$769$556$398$134
28 years$1,346$989$715$510$359$115
29 years$1,286$933$665$467$324$99
30 years$1,229$881$620$429$293$85
31 years$1,177$833$578$394$265$73
32 years$1,128$788$539$362$239$63
33 years$1,082$747$503$333$217$54
34 years$1,038$708$470$306$196$46
35 years$998$671$440$282$178$40
36 years$959$637$411$260$161$34
37 years$923$605$385$239$146$30
38 years$889$575$361$220$132$25
39 years$856$547$338$203$120$22
40 years$826$520$317$188$109$19
41 years$797$495$297$173$99$16
42 years$769$472$278$160$90$14
43 years$743$449$261$147$81$12
44 years$718$428$245$136$74$10
45 years$694$408$230$126$67$9
46 years$671$390$216$116$61$8
47 years$649$372$203$107$55$7
48 years$629$355$191$99$50$6
49 years$609$339$180$92$46$5
50 years$590$324$169$85$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $604,000, adding $6,044 every year, while hoping to spend $37,353 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: 56/25/19 Blend
62$604,000$604,000$604,000$604,000
63$671,842$639,830$630,468$705,733
64$700,627$631,439$611,846$721,121
65$731,096$621,384$591,347$733,356
66$763,381$609,545$568,871$745,860
67$797,627$595,794$544,310$758,666
68$833,993$579,996$517,551$771,814
69$872,650$562,006$488,479$785,351
70$913,789$541,672$456,972$799,330
71$957,615$518,834$422,901$813,811
72$1,004,357$493,322$386,133$828,863
73$1,054,262$464,955$346,528$844,566
74$1,107,602$433,544$303,942$861,008
75$1,164,675$398,885$258,223$878,292
76$1,225,809$360,768$209,211$896,532
77$1,291,363$318,967$156,740$915,858
78$1,361,729$273,243$100,638$936,417
79$1,437,341$223,347$40,724$958,374
80$1,518,671$169,012$0$981,916
81$1,606,240$109,959$0$1,011,957
82$1,700,620$45,891$0$1,053,143
83$1,802,440$0$0$1,097,515
84$1,912,388$0$0$1,151,878
85$2,031,223$0$0$1,224,322
86$2,159,778$0$0$1,302,736
87$2,298,969$0$0$1,387,685
88$2,449,802$0$0$1,479,789
89$2,613,385$0$0$1,579,731
90$2,790,935$0$0$1,688,260
91$2,983,791$0$0$1,806,201
92$3,193,426$0$0$1,934,464
93$3,421,461$0$0$2,074,047
94$3,669,678$0$0$2,226,048
95$3,940,038$0$0$2,391,677
96$4,234,701$0$0$2,572,266
97$4,556,043$0$0$2,769,279
98$4,906,677$0$0$2,984,329
99$5,289,482$0$0$3,219,189
100$5,707,627$0$0$3,475,816