Can I retire at age 63 with 613,000?

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 $613,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$50,621$50,170$49,730$49,301$48,881$48,211
2 years$25,060$24,593$24,141$23,702$23,277$22,602
3 years$16,541$16,072$15,621$15,186$14,768$14,110
4 years$12,282$11,815$11,368$10,941$10,533$9,897
5 years$9,727$9,263$8,822$8,404$8,007$7,395
6 years$8,025$7,564$7,129$6,720$6,335$5,749
7 years$6,809$6,352$5,925$5,525$5,152$4,591
8 years$5,898$5,445$5,025$4,635$4,274$3,738
9 years$5,189$4,741$4,328$3,948$3,600$3,088
10 years$4,623$4,179$3,773$3,403$3,067$2,579
11 years$4,160$3,720$3,322$2,962$2,638$2,174
12 years$3,774$3,339$2,948$2,598$2,286$1,845
13 years$3,448$3,017$2,634$2,294$1,993$1,576
14 years$3,169$2,743$2,366$2,036$1,747$1,352
15 years$2,927$2,506$2,137$1,816$1,538$1,164
16 years$2,716$2,299$1,937$1,626$1,360$1,006
17 years$2,530$2,117$1,763$1,461$1,206$872
18 years$2,364$1,956$1,609$1,316$1,072$757
19 years$2,216$1,813$1,473$1,190$955$659
20 years$2,083$1,685$1,352$1,077$853$575
21 years$1,963$1,569$1,243$978$764$502
22 years$1,854$1,465$1,146$889$685$439
23 years$1,755$1,370$1,058$810$615$385
24 years$1,664$1,284$979$738$552$337
25 years$1,580$1,205$906$674$497$296
26 years$1,503$1,132$841$617$448$260
27 years$1,432$1,066$781$564$404$228
28 years$1,366$1,004$726$517$364$200
29 years$1,305$947$675$474$329$176
30 years$1,248$895$629$435$297$155
31 years$1,194$846$586$400$269$136
32 years$1,145$800$547$367$243$120
33 years$1,098$758$511$338$220$106
34 years$1,054$718$477$311$199$93
35 years$1,013$681$446$286$180$82
36 years$974$647$417$263$163$72
37 years$937$614$391$243$148$64
38 years$902$584$366$224$134$56
39 years$869$555$343$206$122$50
40 years$838$528$321$190$110$44
41 years$809$503$301$176$100$39
42 years$780$479$283$162$91$34
43 years$754$456$265$150$83$30
44 years$728$435$249$138$75$26
45 years$704$415$234$128$68$23
46 years$681$395$220$118$62$21
47 years$659$377$206$109$56$18
48 years$638$360$194$101$51$16
49 years$618$344$182$93$46$14
50 years$599$329$171$86$42$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $613,000, adding $6,364 every year, while hoping to spend $34,213 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: 72/14/14 Blend
62$613,000$613,000$613,000$613,000
63$682,090$649,601$640,100$728,656
64$715,261$645,030$625,141$755,791
65$750,669$639,087$608,534$780,707
66$788,505$631,670$590,188$807,085
67$828,981$622,670$570,008$835,062
68$872,327$611,971$547,892$864,790
69$918,796$599,449$523,738$896,437
70$968,665$584,974$497,436$930,188
71$1,022,240$568,409$468,871$966,248
72$1,079,855$549,608$437,925$1,004,844
73$1,141,878$528,416$404,473$1,046,228
74$1,208,710$504,669$368,384$1,090,675
75$1,280,796$478,196$329,522$1,138,493
76$1,358,622$448,812$287,746$1,190,020
77$1,442,722$416,325$242,906$1,245,631
78$1,533,685$380,529$194,848$1,305,740
79$1,632,155$341,210$143,410$1,370,804
80$1,738,844$298,138$88,423$1,441,329
81$1,854,532$251,072$29,711$1,517,873
82$1,980,076$199,757$0$1,601,053
83$2,116,423$143,924$0$1,696,474
84$2,264,610$83,288$0$1,805,022
85$2,425,779$17,548$0$1,923,119
86$2,601,189$0$0$2,051,714
87$2,792,221$0$0$2,200,115
88$3,000,399$0$0$2,364,808
89$3,227,398$0$0$2,544,419
90$3,475,060$0$0$2,740,410
91$3,745,415$0$0$2,954,391
92$4,040,698$0$0$3,188,132
93$4,363,367$0$0$3,443,586
94$4,716,129$0$0$3,722,900
95$5,101,966$0$0$4,028,438
96$5,524,159$0$0$4,362,803
97$5,986,322$0$0$4,728,863
98$6,492,435$0$0$5,129,773
99$7,046,879$0$0$5,569,012
100$7,654,482$0$0$6,050,407