Can I retire at age 63 with 619,000?

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 $619,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$51,116$50,661$50,217$49,783$49,360$47,972
2 years$25,305$24,834$24,377$23,934$23,505$22,117
3 years$16,703$16,229$15,774$15,335$14,912$13,568
4 years$12,402$11,930$11,479$11,048$10,636$9,346
5 years$9,822$9,353$8,908$8,486$8,085$6,853
6 years$8,103$7,638$7,199$6,786$6,397$5,224
7 years$6,876$6,414$5,983$5,579$5,203$4,088
8 years$5,956$5,498$5,074$4,680$4,316$3,259
9 years$5,240$4,787$4,370$3,987$3,635$2,635
10 years$4,668$4,220$3,810$3,437$3,097$2,153
11 years$4,201$3,756$3,354$2,991$2,664$1,774
12 years$3,811$3,372$2,977$2,623$2,308$1,471
13 years$3,482$3,047$2,659$2,316$2,013$1,226
14 years$3,200$2,770$2,390$2,056$1,764$1,026
15 years$2,956$2,530$2,157$1,833$1,554$862
16 years$2,742$2,321$1,956$1,642$1,373$726
17 years$2,554$2,138$1,780$1,475$1,217$613
18 years$2,387$1,975$1,625$1,329$1,082$519
19 years$2,238$1,831$1,487$1,201$965$440
20 years$2,104$1,701$1,365$1,088$862$373
21 years$1,983$1,585$1,256$987$771$317
22 years$1,872$1,479$1,157$898$691$270
23 years$1,772$1,384$1,069$818$621$230
24 years$1,680$1,296$988$746$558$196
25 years$1,596$1,216$915$681$502$167
26 years$1,518$1,143$849$623$452$142
27 years$1,446$1,076$788$570$408$121
28 years$1,380$1,014$733$522$368$104
29 years$1,318$956$682$479$332$89
30 years$1,260$903$635$439$300$76
31 years$1,206$854$592$404$271$65
32 years$1,156$808$553$371$245$55
33 years$1,109$765$516$341$222$47
34 years$1,064$725$482$314$201$40
35 years$1,022$688$451$289$182$34
36 years$983$653$422$266$165$29
37 years$946$620$395$245$150$25
38 years$911$589$370$226$136$22
39 years$878$560$346$208$123$18
40 years$846$533$324$192$112$16
41 years$816$507$304$177$101$13
42 years$788$483$285$164$92$12
43 years$761$461$268$151$83$10
44 years$735$439$251$139$76$8
45 years$711$419$236$129$69$7
46 years$688$399$222$119$62$6
47 years$665$381$208$110$57$5
48 years$644$364$196$102$51$5
49 years$624$347$184$94$47$4
50 years$604$332$173$87$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $619,000, adding $2,440 every year, while hoping to spend $48,730 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: 26/48/26 Blend
62$619,000$619,000$619,000$619,000
63$684,655$651,848$642,253$696,818
64$702,641$631,940$611,921$686,990
65$720,829$609,424$578,938$672,097
66$739,188$584,119$543,166$655,103
67$757,681$555,837$504,459$635,862
68$776,268$524,377$462,661$614,220
69$794,902$489,526$417,615$590,016
70$813,529$451,060$369,153$563,074
71$832,089$408,742$317,100$533,212
72$850,513$362,321$261,273$500,236
73$868,723$311,533$201,484$463,937
74$886,632$256,097$137,532$424,097
75$904,140$195,717$69,211$380,484
76$921,137$130,081$0$332,849
77$937,497$58,860$0$281,957
78$953,083$0$0$247,060
79$967,736$0$0$218,370
80$981,284$0$0$220,397
81$993,531$0$0$221,992
82$1,004,260$0$0$223,091
83$1,013,229$0$0$223,625
84$1,020,169$0$0$223,513
85$1,024,780$0$0$222,667
86$1,026,729$0$0$220,990
87$1,025,645$0$0$218,374
88$1,021,118$0$0$214,699
89$1,012,691$0$0$209,832
90$999,858$0$0$203,625
91$982,058$0$0$195,915
92$958,669$0$0$186,521
93$929,002$0$0$175,244
94$892,295$0$0$161,862
95$847,703$0$0$146,131
96$794,290$0$0$127,780
97$731,023$0$0$106,509
98$656,758$0$0$81,987
99$570,230$0$0$53,851
100$470,040$0$0$21,694