Can I retire at age 63 with 611,000?

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 $611,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$50,456$50,006$49,568$49,140$48,722$47,836
2 years$24,978$24,513$24,062$23,625$23,201$22,312
3 years$16,487$16,019$15,570$15,137$14,720$13,855
4 years$12,242$11,776$11,331$10,905$10,498$9,664
5 years$9,696$9,233$8,793$8,376$7,981$7,180
6 years$7,999$7,539$7,106$6,699$6,315$5,548
7 years$6,787$6,331$5,905$5,507$5,136$4,403
8 years$5,879$5,427$5,008$4,620$4,260$3,562
9 years$5,172$4,725$4,314$3,935$3,588$2,924
10 years$4,608$4,165$3,761$3,392$3,057$2,426
11 years$4,146$3,708$3,311$2,952$2,629$2,031
12 years$3,762$3,328$2,938$2,589$2,278$1,712
13 years$3,437$3,008$2,625$2,286$1,987$1,451
14 years$3,159$2,734$2,359$2,029$1,742$1,235
15 years$2,918$2,497$2,130$1,810$1,533$1,056
16 years$2,707$2,291$1,931$1,620$1,355$906
17 years$2,521$2,110$1,757$1,456$1,202$779
18 years$2,356$1,950$1,604$1,312$1,068$671
19 years$2,209$1,807$1,468$1,186$952$580
20 years$2,077$1,679$1,347$1,074$851$501
21 years$1,957$1,564$1,239$975$761$434
22 years$1,848$1,460$1,142$886$682$377
23 years$1,749$1,366$1,055$807$613$327
24 years$1,659$1,280$975$736$551$284
25 years$1,575$1,201$903$672$495$247
26 years$1,498$1,129$838$615$446$215
27 years$1,428$1,062$778$563$402$187
28 years$1,362$1,001$723$515$363$163
29 years$1,301$944$673$473$328$142
30 years$1,244$892$627$434$296$124
31 years$1,191$843$585$398$268$108
32 years$1,141$798$545$366$242$94
33 years$1,094$755$509$337$219$82
34 years$1,050$716$476$310$198$72
35 years$1,009$679$445$285$180$63
36 years$970$644$416$263$163$55
37 years$934$612$389$242$148$48
38 years$899$582$365$223$134$42
39 years$866$553$342$206$121$36
40 years$835$526$320$190$110$32
41 years$806$501$300$175$100$28
42 years$778$477$282$162$91$24
43 years$751$455$264$149$82$21
44 years$726$433$248$138$75$19
45 years$702$413$233$127$68$16
46 years$679$394$219$117$62$14
47 years$657$376$206$109$56$12
48 years$636$359$193$100$51$11
49 years$616$343$182$93$46$9
50 years$597$328$171$86$42$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $611,000, adding $3,929 every year, while hoping to spend $25,748 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: 65/24/11 Blend
62$611,000$611,000$611,000$611,000
63$677,375$644,992$635,521$719,505
64$719,071$649,201$629,416$752,308
65$764,158$652,753$622,242$784,753
66$812,953$655,589$613,939$819,548
67$865,808$657,646$604,439$856,920
68$923,106$658,856$593,673$897,121
69$985,272$659,149$581,570$940,428
70$1,052,771$658,449$568,054$987,147
71$1,126,115$656,675$553,046$1,037,616
72$1,205,868$653,741$536,462$1,092,207
73$1,292,650$649,558$518,218$1,151,332
74$1,387,144$644,030$498,221$1,215,446
75$1,490,098$637,053$476,377$1,285,049
76$1,602,341$628,521$452,588$1,360,695
77$1,724,780$618,319$426,750$1,442,994
78$1,858,416$606,325$398,755$1,532,621
79$2,004,351$592,411$368,489$1,630,320
80$2,163,797$576,442$335,836$1,736,910
81$2,338,089$558,272$300,672$1,853,300
82$2,528,697$537,751$262,867$1,980,487
83$2,737,239$514,715$222,288$2,119,577
84$2,965,496$488,995$178,793$2,271,785
85$3,215,431$460,411$132,237$2,438,455
86$3,489,204$428,770$82,467$2,621,070
87$3,789,195$393,872$29,321$2,821,265
88$4,118,024$355,502$0$3,040,845
89$4,478,577$313,436$0$3,285,015
90$4,874,032$267,435$0$3,556,639
91$5,307,891$217,247$0$3,854,715
92$5,784,010$162,606$0$4,181,939
93$6,306,636$103,231$0$4,541,282
94$6,880,449$38,825$0$4,936,022
95$7,510,603$0$0$5,369,771
96$8,202,776$0$0$5,854,680
97$8,963,222$0$0$6,398,727
98$9,798,832$0$0$6,996,593
99$10,717,197$0$0$7,653,716
100$11,726,680$0$0$8,376,083