Can I retire at age 63 with 609,000?

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 $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$50,291$49,843$49,406$48,979$48,563$47,293
2 years$24,896$24,433$23,983$23,548$23,125$21,854
3 years$16,433$15,967$15,519$15,087$14,671$13,440
4 years$12,202$11,737$11,294$10,869$10,464$9,280
5 years$9,664$9,202$8,764$8,349$7,954$6,823
6 years$7,972$7,514$7,083$6,677$6,294$5,215
7 years$6,765$6,311$5,886$5,489$5,119$4,093
8 years$5,859$5,409$4,992$4,605$4,247$3,273
9 years$5,156$4,710$4,299$3,922$3,576$2,654
10 years$4,593$4,151$3,748$3,381$3,047$2,175
11 years$4,133$3,696$3,300$2,942$2,621$1,798
12 years$3,750$3,317$2,929$2,581$2,271$1,495
13 years$3,426$2,998$2,617$2,279$1,980$1,251
14 years$3,148$2,725$2,351$2,023$1,736$1,051
15 years$2,908$2,489$2,123$1,804$1,528$886
16 years$2,698$2,284$1,924$1,615$1,351$749
17 years$2,513$2,103$1,751$1,451$1,198$635
18 years$2,349$1,944$1,599$1,308$1,065$539
19 years$2,202$1,801$1,463$1,182$949$459
20 years$2,070$1,674$1,343$1,070$848$391
21 years$1,951$1,559$1,235$971$759$333
22 years$1,842$1,455$1,139$883$680$285
23 years$1,743$1,361$1,051$804$611$243
24 years$1,653$1,275$972$734$549$208
25 years$1,570$1,197$901$670$494$178
26 years$1,494$1,125$835$613$445$153
27 years$1,423$1,059$776$561$401$131
28 years$1,357$998$721$514$362$112
29 years$1,296$941$671$471$327$96
30 years$1,240$889$625$432$295$82
31 years$1,187$840$583$397$267$71
32 years$1,137$795$544$365$241$61
33 years$1,091$753$508$336$219$52
34 years$1,047$713$474$309$198$45
35 years$1,006$677$443$284$179$38
36 years$967$642$415$262$162$33
37 years$931$610$388$241$147$28
38 years$896$580$364$222$133$24
39 years$864$551$341$205$121$21
40 years$833$525$319$189$110$18
41 years$803$499$299$174$100$15
42 years$775$476$281$161$90$13
43 years$749$453$263$149$82$11
44 years$724$432$247$137$74$10
45 years$700$412$232$127$68$8
46 years$677$393$218$117$61$7
47 years$655$375$205$108$56$6
48 years$634$358$193$100$51$5
49 years$614$342$181$92$46$5
50 years$595$326$170$85$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $609,000, adding $5,955 every year, while hoping to spend $29,109 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: 55/24/21 Blend
62$609,000$609,000$609,000$609,000
63$677,261$644,984$635,544$710,344
64$715,369$645,616$625,863$734,280
65$756,390$645,304$614,882$756,753
66$800,588$643,970$602,527$780,600
67$848,256$641,533$588,720$805,959
68$899,716$637,905$573,379$832,986
69$955,320$632,996$556,421$861,854
70$1,015,456$626,706$537,755$892,753
71$1,080,551$618,934$517,288$925,897
72$1,151,074$609,568$494,924$961,519
73$1,227,540$598,493$470,560$999,883
74$1,310,515$585,585$444,090$1,041,276
75$1,400,624$570,715$415,403$1,086,021
76$1,498,551$553,744$384,383$1,134,472
77$1,605,051$534,526$350,908$1,187,025
78$1,720,955$512,906$314,852$1,244,115
79$1,847,174$488,720$276,081$1,306,226
80$1,984,715$461,796$234,459$1,373,893
81$2,134,682$431,950$189,839$1,447,710
82$2,298,293$398,989$142,072$1,528,333
83$2,476,887$362,708$91,000$1,616,488
84$2,671,939$322,890$36,458$1,712,979
85$2,885,072$279,307$0$1,818,695
86$3,118,074$231,718$0$1,939,492
87$3,372,911$179,866$0$2,080,620
88$3,651,751$123,482$0$2,235,147
89$3,956,979$62,282$0$2,404,446
90$4,291,222$0$0$2,590,034
91$4,657,373$0$0$2,794,648
92$5,058,617$0$0$3,036,954
93$5,498,462$0$0$3,302,629
94$5,980,774$0$0$3,594,014
95$6,509,808$0$0$3,913,687
96$7,090,252$0$0$4,264,489
97$7,727,269$0$0$4,649,548
98$8,426,547$0$0$5,072,311
99$9,194,350$0$0$5,536,573
100$10,037,581$0$0$6,046,518