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%14.8%
1 years$50,869$50,416$49,974$49,542$49,121$48,149
2 years$25,183$24,714$24,259$23,818$23,391$22,416
3 years$16,622$16,151$15,697$15,261$14,840$13,892
4 years$12,342$11,872$11,424$10,994$10,584$9,671
5 years$9,775$9,308$8,865$8,445$8,046$7,170
6 years$8,064$7,601$7,164$6,753$6,366$5,528
7 years$6,842$6,383$5,954$5,552$5,178$4,378
8 years$5,927$5,471$5,049$4,658$4,295$3,533
9 years$5,215$4,764$4,349$3,967$3,617$2,893
10 years$4,646$4,199$3,791$3,420$3,082$2,395
11 years$4,180$3,738$3,338$2,976$2,651$1,999
12 years$3,793$3,355$2,962$2,611$2,297$1,681
13 years$3,465$3,032$2,647$2,305$2,003$1,421
14 years$3,184$2,756$2,378$2,046$1,756$1,207
15 years$2,942$2,518$2,147$1,825$1,546$1,029
16 years$2,729$2,310$1,947$1,634$1,366$880
17 years$2,542$2,127$1,771$1,468$1,212$754
18 years$2,376$1,966$1,617$1,323$1,077$648
19 years$2,227$1,822$1,480$1,195$960$558
20 years$2,094$1,693$1,359$1,083$858$481
21 years$1,973$1,577$1,250$983$767$416
22 years$1,863$1,472$1,152$893$688$359
23 years$1,764$1,377$1,063$814$618$311
24 years$1,672$1,290$983$742$555$269
25 years$1,588$1,211$911$678$499$234
26 years$1,511$1,138$845$620$450$203
27 years$1,439$1,071$784$567$406$176
28 years$1,373$1,009$729$520$366$153
29 years$1,311$952$679$477$330$133
30 years$1,254$899$632$437$299$115
31 years$1,200$850$589$402$270$100
32 years$1,150$804$550$369$244$87
33 years$1,103$761$513$339$221$76
34 years$1,059$722$480$312$200$66
35 years$1,017$685$448$288$181$57
36 years$978$650$420$265$164$50
37 years$941$617$393$244$149$43
38 years$907$586$368$225$135$38
39 years$873$558$345$207$122$33
40 years$842$531$323$191$111$29
41 years$812$505$303$176$101$25
42 years$784$481$284$163$91$22
43 years$757$458$267$150$83$19
44 years$732$437$250$139$75$16
45 years$708$417$235$128$68$14
46 years$684$397$221$118$62$12
47 years$662$379$207$109$56$11
48 years$641$362$195$101$51$9
49 years$621$346$183$93$46$8
50 years$601$330$172$86$42$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $616,000, adding $3,687 every year, while hoping to spend $35,540 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: 45/40/15 Blend
62$616,000$616,000$616,000$616,000
63$682,635$649,987$640,439$710,269
64$714,450$644,022$624,080$723,942
65$748,318$636,574$605,981$734,890
66$784,412$627,532$586,047$745,992
67$822,921$616,779$564,178$757,276
68$864,050$604,193$540,269$768,776
69$908,026$589,641$514,211$780,533
70$955,096$572,985$485,889$792,594
71$1,005,533$554,079$455,183$805,014
72$1,059,635$532,766$421,969$817,855
73$1,117,728$508,882$386,115$831,191
74$1,180,172$482,253$347,486$845,106
75$1,247,361$452,694$305,938$859,696
76$1,319,728$420,013$261,323$875,071
77$1,397,748$384,001$213,486$891,357
78$1,481,944$344,442$162,263$908,696
79$1,572,889$301,106$107,485$927,249
80$1,671,213$253,750$48,975$947,201
81$1,777,610$202,117$0$968,758
82$1,892,841$145,936$0$994,311
83$2,017,744$84,921$0$1,030,472
84$2,153,241$18,768$0$1,069,725
85$2,300,342$0$0$1,112,439
86$2,460,164$0$0$1,182,282
87$2,633,931$0$0$1,267,265
88$2,822,991$0$0$1,359,794
89$3,028,828$0$0$1,460,605
90$3,253,073$0$0$1,570,505
91$3,497,524$0$0$1,690,383
92$3,764,157$0$0$1,821,219
93$4,055,149$0$0$1,964,091
94$4,372,893$0$0$2,120,184
95$4,720,026$0$0$2,290,805
96$5,099,452$0$0$2,477,392
97$5,514,366$0$0$2,681,528
98$5,968,287$0$0$2,904,956
99$6,465,088$0$0$3,149,596
100$7,009,036$0$0$3,417,562