Can I retire at age 63 with 617,000?

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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$50,951$50,497$50,055$49,622$49,200$47,645
2 years$25,223$24,754$24,298$23,857$23,429$21,875
3 years$16,649$16,177$15,723$15,285$14,864$13,362
4 years$12,362$11,892$11,442$11,012$10,601$9,162
5 years$9,791$9,323$8,880$8,458$8,059$6,686
6 years$8,077$7,613$7,176$6,764$6,377$5,072
7 years$6,854$6,393$5,963$5,561$5,186$3,948
8 years$5,936$5,480$5,057$4,665$4,302$3,132
9 years$5,223$4,772$4,356$3,974$3,623$2,518
10 years$4,653$4,206$3,798$3,425$3,087$2,046
11 years$4,187$3,744$3,343$2,981$2,655$1,675
12 years$3,799$3,361$2,967$2,615$2,301$1,381
13 years$3,471$3,037$2,651$2,309$2,006$1,144
14 years$3,190$2,761$2,382$2,049$1,759$952
15 years$2,946$2,522$2,150$1,828$1,549$795
16 years$2,734$2,314$1,950$1,636$1,369$665
17 years$2,546$2,131$1,774$1,470$1,213$558
18 years$2,380$1,969$1,620$1,325$1,079$469
19 years$2,231$1,825$1,483$1,197$962$395
20 years$2,097$1,696$1,361$1,084$859$333
21 years$1,976$1,580$1,252$984$769$281
22 years$1,866$1,474$1,154$895$689$237
23 years$1,766$1,379$1,065$815$619$201
24 years$1,675$1,292$985$743$556$170
25 years$1,591$1,213$912$679$500$144
26 years$1,513$1,140$846$621$451$122
27 years$1,442$1,072$786$568$406$103
28 years$1,375$1,011$730$520$367$87
29 years$1,313$953$680$477$331$74
30 years$1,256$900$633$438$299$63
31 years$1,202$851$590$402$270$53
32 years$1,152$805$551$370$245$45
33 years$1,105$763$514$340$221$38
34 years$1,061$723$480$313$200$32
35 years$1,019$686$449$288$182$28
36 years$980$651$420$265$164$23
37 years$943$618$393$244$149$20
38 years$908$587$368$225$135$17
39 years$875$559$345$208$123$14
40 years$844$531$323$192$111$12
41 years$814$506$303$177$101$10
42 years$786$482$284$163$92$9
43 years$759$459$267$151$83$7
44 years$733$438$251$139$75$6
45 years$709$417$235$128$68$5
46 years$685$398$221$119$62$5
47 years$663$380$208$110$56$4
48 years$642$363$195$101$51$3
49 years$622$346$183$94$47$3
50 years$602$331$172$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $617,000, adding $2,300 every year, while hoping to spend $27,568 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: 76/14/10 Blend
62$617,000$617,000$617,000$617,000
63$682,306$649,605$640,042$732,787
64$722,570$652,104$632,151$768,841
65$766,016$653,801$623,072$804,619
66$812,940$654,628$612,736$843,056
67$863,668$654,513$601,070$884,405
68$918,555$653,377$588,000$928,946
69$977,996$651,141$573,446$976,988
70$1,042,420$647,715$557,325$1,028,870
71$1,112,303$643,009$539,551$1,084,968
72$1,188,165$636,924$520,034$1,145,694
73$1,270,582$629,357$498,678$1,211,505
74$1,360,183$620,198$475,386$1,282,903
75$1,457,664$609,330$450,054$1,360,442
76$1,563,789$596,630$422,574$1,444,732
77$1,679,397$581,967$392,832$1,536,447
78$1,805,415$565,202$360,711$1,636,329
79$1,942,861$546,190$326,088$1,745,197
80$2,092,854$524,775$288,834$1,863,953
81$2,256,629$500,793$248,814$1,993,593
82$2,435,544$474,071$205,887$2,135,215
83$2,631,094$444,424$159,909$2,290,027
84$2,844,924$411,659$110,724$2,459,365
85$3,078,846$375,571$58,173$2,644,699
86$3,334,856$335,942$2,090$2,847,653
87$3,615,152$292,543$0$3,070,013
88$3,922,152$245,133$0$3,319,916
89$4,258,521$193,454$0$3,594,012
90$4,627,193$137,236$0$3,894,495
91$5,031,401$76,194$0$4,224,030
92$5,474,703$10,027$0$4,585,554
93$5,961,020$0$0$4,982,303
94$6,494,670$0$0$5,427,332
95$7,080,409$0$0$5,917,520
96$7,723,478$0$0$6,455,710
97$8,429,647$0$0$7,046,735
98$9,205,273$0$0$7,695,920
99$10,057,362$0$0$8,409,131
100$10,993,628$0$0$9,192,827