Can I retire at age 63 with 610,000?

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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$50,373$49,925$49,487$49,059$48,642$48,134
2 years$24,937$24,473$24,023$23,586$23,163$22,651
3 years$16,460$15,993$15,544$15,112$14,696$14,196
4 years$12,222$11,757$11,312$10,887$10,481$9,998
5 years$9,680$9,217$8,779$8,363$7,967$7,502
6 years$7,985$7,527$7,095$6,688$6,304$5,857
7 years$6,776$6,321$5,896$5,498$5,127$4,698
8 years$5,869$5,418$5,000$4,612$4,253$3,843
9 years$5,164$4,718$4,306$3,929$3,582$3,189
10 years$4,600$4,158$3,754$3,387$3,052$2,677
11 years$4,140$3,702$3,305$2,947$2,625$2,268
12 years$3,756$3,323$2,933$2,585$2,275$1,935
13 years$3,431$3,003$2,621$2,282$1,984$1,660
14 years$3,153$2,729$2,355$2,026$1,739$1,432
15 years$2,913$2,493$2,126$1,807$1,531$1,240
16 years$2,703$2,288$1,928$1,618$1,353$1,078
17 years$2,517$2,107$1,754$1,454$1,200$939
18 years$2,353$1,947$1,601$1,310$1,067$821
19 years$2,205$1,804$1,466$1,184$951$719
20 years$2,073$1,677$1,345$1,072$849$630
21 years$1,954$1,562$1,237$973$760$554
22 years$1,845$1,458$1,140$885$681$487
23 years$1,746$1,363$1,053$806$612$429
24 years$1,656$1,277$974$735$550$379
25 years$1,573$1,199$902$671$495$334
26 years$1,496$1,127$837$614$446$295
27 years$1,425$1,060$777$562$402$261
28 years$1,360$999$722$515$362$231
29 years$1,299$943$672$472$327$204
30 years$1,242$890$626$433$296$181
31 years$1,189$841$584$398$267$160
32 years$1,139$796$544$366$242$142
33 years$1,092$754$508$336$219$126
34 years$1,049$715$475$309$198$112
35 years$1,008$678$444$285$179$99
36 years$969$643$415$262$163$88
37 years$932$611$389$242$147$78
38 years$898$581$364$223$134$69
39 years$865$552$341$205$121$61
40 years$834$525$320$189$110$55
41 years$805$500$300$175$100$48
42 years$777$476$281$161$90$43
43 years$750$454$264$149$82$38
44 years$725$433$248$137$75$34
45 years$701$412$233$127$68$30
46 years$678$394$218$117$61$27
47 years$656$376$205$108$56$24
48 years$635$358$193$100$51$21
49 years$615$342$181$93$46$19
50 years$596$327$170$86$42$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $610,000, adding $2,857 every year, while hoping to spend $59,807 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: 50/29/21 Blend
62$610,000$610,000$610,000$610,000
63$675,167$642,837$633,382$704,828
64$680,400$610,702$590,966$693,539
65$684,162$574,988$545,125$674,943
66$686,240$535,456$495,680$653,481
67$686,398$491,854$442,446$628,904
68$684,371$443,916$385,229$600,945
69$679,869$391,360$323,826$569,313
70$672,567$333,887$258,026$533,694
71$662,105$271,184$187,606$493,746
72$648,086$202,919$112,337$449,098
73$630,068$128,739$31,978$399,349
74$607,562$48,274$0$344,061
75$580,028$0$0$294,812
76$546,865$0$0$259,869
77$507,412$0$0$236,824
78$460,934$0$0$209,868
79$406,622$0$0$178,552
80$343,577$0$0$142,382
81$270,810$0$0$100,809
82$187,225$0$0$53,228
83$91,610$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0