Can I retire at age 63 with 616,000?

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 $616,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$50,869$50,416$49,974$49,542$49,121$48,588
2 years$25,183$24,714$24,259$23,818$23,391$22,854
3 years$16,622$16,151$15,697$15,261$14,840$14,316
4 years$12,342$11,872$11,424$10,994$10,584$10,077
5 years$9,775$9,308$8,865$8,445$8,046$7,558
6 years$8,064$7,601$7,164$6,753$6,366$5,897
7 years$6,842$6,383$5,954$5,552$5,178$4,728
8 years$5,927$5,471$5,049$4,658$4,295$3,865
9 years$5,215$4,764$4,349$3,967$3,617$3,206
10 years$4,646$4,199$3,791$3,420$3,082$2,689
11 years$4,180$3,738$3,338$2,976$2,651$2,277
12 years$3,793$3,355$2,962$2,611$2,297$1,941
13 years$3,465$3,032$2,647$2,305$2,003$1,665
14 years$3,184$2,756$2,378$2,046$1,756$1,435
15 years$2,942$2,518$2,147$1,825$1,546$1,242
16 years$2,729$2,310$1,947$1,634$1,366$1,078
17 years$2,542$2,127$1,771$1,468$1,212$939
18 years$2,376$1,966$1,617$1,323$1,077$820
19 years$2,227$1,822$1,480$1,195$960$717
20 years$2,094$1,693$1,359$1,083$858$629
21 years$1,973$1,577$1,250$983$767$552
22 years$1,863$1,472$1,152$893$688$486
23 years$1,764$1,377$1,063$814$618$427
24 years$1,672$1,290$983$742$555$377
25 years$1,588$1,211$911$678$499$332
26 years$1,511$1,138$845$620$450$293
27 years$1,439$1,071$784$567$406$259
28 years$1,373$1,009$729$520$366$229
29 years$1,311$952$679$477$330$202
30 years$1,254$899$632$437$299$179
31 years$1,200$850$589$402$270$159
32 years$1,150$804$550$369$244$140
33 years$1,103$761$513$339$221$124
34 years$1,059$722$480$312$200$110
35 years$1,017$685$448$288$181$98
36 years$978$650$420$265$164$87
37 years$941$617$393$244$149$77
38 years$907$586$368$225$135$68
39 years$873$558$345$207$122$60
40 years$842$531$323$191$111$54
41 years$812$505$303$176$101$48
42 years$784$481$284$163$91$42
43 years$757$458$267$150$83$37
44 years$732$437$250$139$75$33
45 years$708$417$235$128$68$29
46 years$684$397$221$118$62$26
47 years$662$379$207$109$56$23
48 years$641$362$195$101$51$21
49 years$621$346$183$93$46$18
50 years$601$330$172$86$42$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $616,000, adding $5,807 every year, while hoping to spend $42,636 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: 58/34/8 Blend
62$616,000$616,000$616,000$616,000
63$684,822$652,174$642,626$722,977
64$709,309$638,766$618,790$735,907
65$734,866$623,272$592,726$744,673
66$761,555$605,545$564,315$753,175
67$789,445$585,429$533,431$761,394
68$818,613$562,759$499,945$769,305
69$849,137$537,361$463,720$776,888
70$881,107$509,049$424,612$784,122
71$914,616$477,628$382,473$790,984
72$949,768$442,893$337,146$797,455
73$986,674$404,624$288,470$803,514
74$1,025,455$362,591$236,274$809,143
75$1,066,243$316,550$180,381$814,323
76$1,109,181$266,243$120,606$819,041
77$1,154,427$211,397$56,755$823,282
78$1,202,148$151,726$0$827,036
79$1,252,531$86,924$0$831,268
80$1,305,778$16,672$0$840,236
81$1,362,109$0$0$849,110
82$1,421,764$0$0$880,128
83$1,485,008$0$0$919,649
84$1,552,125$0$0$961,619
85$1,623,432$0$0$1,006,236
86$1,699,272$0$0$1,053,721
87$1,780,020$0$0$1,104,311
88$1,866,087$0$0$1,158,270
89$1,957,926$0$0$1,215,885
90$2,056,030$0$0$1,277,469
91$2,160,939$0$0$1,343,368
92$2,273,248$0$0$1,413,960
93$2,393,607$0$0$1,489,660
94$2,522,730$0$0$1,570,923
95$2,661,401$0$0$1,658,248
96$2,810,478$0$0$1,752,183
97$2,970,906$0$0$1,853,331
98$3,143,721$0$0$1,962,353
99$3,330,061$0$0$2,079,974
100$3,531,177$0$0$2,206,993