Can I retire at age 63 with 615,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $615,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$50,786$50,334$49,892$49,462$49,041$48,169
2 years$25,142$24,673$24,220$23,780$23,353$22,477
3 years$16,595$16,124$15,672$15,236$14,816$13,964
4 years$12,322$11,853$11,405$10,977$10,567$9,745
5 years$9,759$9,293$8,851$8,431$8,033$7,244
6 years$8,051$7,588$7,153$6,742$6,356$5,601
7 years$6,831$6,373$5,944$5,543$5,169$4,448
8 years$5,917$5,463$5,041$4,650$4,288$3,600
9 years$5,206$4,756$4,342$3,961$3,611$2,957
10 years$4,638$4,192$3,785$3,414$3,077$2,455
11 years$4,173$3,732$3,332$2,971$2,646$2,056
12 years$3,787$3,350$2,957$2,606$2,293$1,734
13 years$3,459$3,027$2,642$2,301$2,000$1,471
14 years$3,179$2,752$2,374$2,043$1,753$1,253
15 years$2,937$2,514$2,144$1,822$1,544$1,072
16 years$2,725$2,306$1,943$1,631$1,364$920
17 years$2,538$2,124$1,768$1,466$1,210$792
18 years$2,372$1,963$1,614$1,321$1,075$683
19 years$2,224$1,819$1,478$1,193$959$590
20 years$2,090$1,690$1,356$1,081$856$511
21 years$1,970$1,574$1,248$981$766$443
22 years$1,860$1,470$1,150$892$687$384
23 years$1,761$1,375$1,062$812$617$334
24 years$1,669$1,288$982$741$554$290
25 years$1,586$1,209$909$677$499$253
26 years$1,508$1,136$843$619$449$220
27 years$1,437$1,069$783$566$405$192
28 years$1,371$1,007$728$519$365$167
29 years$1,309$950$678$476$330$146
30 years$1,252$897$631$437$298$127
31 years$1,198$848$588$401$270$111
32 years$1,148$803$549$369$244$97
33 years$1,101$760$513$339$221$85
34 years$1,057$721$479$312$200$74
35 years$1,016$683$448$287$181$65
36 years$977$649$419$264$164$56
37 years$940$616$392$244$149$49
38 years$905$585$367$225$135$43
39 years$872$557$344$207$122$38
40 years$841$530$322$191$111$33
41 years$811$504$302$176$101$29
42 years$783$480$284$163$91$25
43 years$756$458$266$150$83$22
44 years$731$436$250$139$75$19
45 years$706$416$235$128$68$17
46 years$683$397$220$118$62$15
47 years$661$379$207$109$56$13
48 years$640$361$194$101$51$11
49 years$620$345$183$93$46$10
50 years$600$330$172$86$42$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $615,000, adding $4,239 every year, while hoping to spend $40,893 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: 60/26/14 Blend
62$615,000$615,000$615,000$615,000
63$682,103$649,508$639,975$720,407
64$708,167$637,824$617,904$735,026
65$735,520$624,197$593,724$746,004
66$764,249$608,488$567,319$757,006
67$794,450$590,552$538,572$768,038
68$826,227$570,232$507,358$779,109
69$859,694$547,365$473,546$790,230
70$894,974$521,777$437,001$801,417
71$932,202$493,285$397,581$812,687
72$971,524$461,694$355,138$824,064
73$1,013,101$426,798$309,516$835,574
74$1,057,106$388,380$260,554$847,250
75$1,103,731$346,211$208,083$859,132
76$1,153,185$300,048$151,926$871,267
77$1,205,693$249,634$91,900$883,707
78$1,261,507$194,699$27,811$896,516
79$1,320,898$134,957$0$909,768
80$1,384,164$70,104$0$929,609
81$1,451,632$0$0$954,901
82$1,523,660$0$0$981,682
83$1,600,640$0$0$1,031,770
84$1,683,001$0$0$1,085,390
85$1,771,214$0$0$1,142,853
86$1,865,796$0$0$1,204,500
87$1,967,315$0$0$1,270,705
88$2,076,390$0$0$1,341,879
89$2,193,707$0$0$1,418,471
90$2,320,014$0$0$1,500,977
91$2,456,134$0$0$1,589,939
92$2,602,972$0$0$1,685,956
93$2,761,522$0$0$1,789,683
94$2,932,875$0$0$1,901,840
95$3,118,230$0$0$2,023,219
96$3,318,907$0$0$2,154,692
97$3,536,356$0$0$2,297,217
98$3,772,170$0$0$2,451,845
99$4,028,104$0$0$2,619,735
100$4,306,084$0$0$2,802,161