Can I retire at age 63 with 615,000?

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 $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%16.4%
1 years$50,786$50,334$49,892$49,462$49,041$47,759
2 years$25,142$24,673$24,220$23,780$23,353$22,070
3 years$16,595$16,124$15,672$15,236$14,816$13,572
4 years$12,322$11,853$11,405$10,977$10,567$9,372
5 years$9,759$9,293$8,851$8,431$8,033$6,890
6 years$8,051$7,588$7,153$6,742$6,356$5,266
7 years$6,831$6,373$5,944$5,543$5,169$4,133
8 years$5,917$5,463$5,041$4,650$4,288$3,305
9 years$5,206$4,756$4,342$3,961$3,611$2,680
10 years$4,638$4,192$3,785$3,414$3,077$2,196
11 years$4,173$3,732$3,332$2,971$2,646$1,815
12 years$3,787$3,350$2,957$2,606$2,293$1,510
13 years$3,459$3,027$2,642$2,301$2,000$1,263
14 years$3,179$2,752$2,374$2,043$1,753$1,061
15 years$2,937$2,514$2,144$1,822$1,544$894
16 years$2,725$2,306$1,943$1,631$1,364$756
17 years$2,538$2,124$1,768$1,466$1,210$641
18 years$2,372$1,963$1,614$1,321$1,075$544
19 years$2,224$1,819$1,478$1,193$959$463
20 years$2,090$1,690$1,356$1,081$856$395
21 years$1,970$1,574$1,248$981$766$337
22 years$1,860$1,470$1,150$892$687$287
23 years$1,761$1,375$1,062$812$617$246
24 years$1,669$1,288$982$741$554$210
25 years$1,586$1,209$909$677$499$180
26 years$1,508$1,136$843$619$449$154
27 years$1,437$1,069$783$566$405$132
28 years$1,371$1,007$728$519$365$113
29 years$1,309$950$678$476$330$97
30 years$1,252$897$631$437$298$83
31 years$1,198$848$588$401$270$71
32 years$1,148$803$549$369$244$61
33 years$1,101$760$513$339$221$53
34 years$1,057$721$479$312$200$45
35 years$1,016$683$448$287$181$39
36 years$977$649$419$264$164$33
37 years$940$616$392$244$149$29
38 years$905$585$367$225$135$24
39 years$872$557$344$207$122$21
40 years$841$530$322$191$111$18
41 years$811$504$302$176$101$16
42 years$783$480$284$163$91$13
43 years$756$458$266$150$83$11
44 years$731$436$250$139$75$10
45 years$706$416$235$128$68$8
46 years$683$397$220$118$62$7
47 years$661$379$207$109$56$6
48 years$640$361$194$101$51$5
49 years$620$345$183$93$46$5
50 years$600$330$172$86$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $615,000, adding $2,195 every year, while hoping to spend $34,987 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: 66/21/13 Blend
62$615,000$615,000$615,000$615,000
63$679,994$647,399$637,867$722,704
64$712,128$641,896$622,009$745,969
65$746,366$634,950$604,448$767,078
66$782,887$626,455$585,089$789,268
67$821,886$616,295$563,834$812,641
68$863,576$604,351$540,580$837,312
69$908,191$590,494$515,219$863,410
70$955,986$574,589$487,639$891,076
71$1,007,245$556,492$457,723$920,468
72$1,062,275$536,051$425,348$951,759
73$1,121,416$513,106$390,385$985,144
74$1,185,038$487,486$352,702$1,020,838
75$1,253,551$459,012$312,156$1,059,080
76$1,327,403$427,493$268,603$1,100,135
77$1,407,087$392,729$221,890$1,144,295
78$1,493,143$354,506$171,857$1,191,887
79$1,586,167$312,600$118,337$1,243,272
80$1,686,813$266,774$61,158$1,298,849
81$1,795,798$216,776$137$1,359,061
82$1,913,912$162,342$0$1,424,400
83$2,042,025$103,190$0$1,504,422
84$2,181,092$39,027$0$1,591,323
85$2,332,164$0$0$1,685,778
86$2,496,395$0$0$1,795,595
87$2,675,058$0$0$1,924,908
88$2,869,552$0$0$2,065,715
89$3,081,416$0$0$2,219,134
90$3,312,343$0$0$2,386,398
91$3,564,199$0$0$2,568,862
92$3,839,035$0$0$2,768,017
93$4,139,110$0$0$2,985,505
94$4,466,910$0$0$3,223,135
95$4,825,172$0$0$3,482,895
96$5,216,910$0$0$3,766,978
97$5,645,442$0$0$4,077,796
98$6,114,422$0$0$4,418,004
99$6,627,871$0$0$4,790,527
100$7,190,219$0$0$5,198,588