Can I retire at age 63 with 619,000?

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 $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%14.8%
1 years$51,116$50,661$50,217$49,783$49,360$48,383
2 years$25,305$24,834$24,377$23,934$23,505$22,525
3 years$16,703$16,229$15,774$15,335$14,912$13,960
4 years$12,402$11,930$11,479$11,048$10,636$9,718
5 years$9,822$9,353$8,908$8,486$8,085$7,204
6 years$8,103$7,638$7,199$6,786$6,397$5,555
7 years$6,876$6,414$5,983$5,579$5,203$4,399
8 years$5,956$5,498$5,074$4,680$4,316$3,551
9 years$5,240$4,787$4,370$3,987$3,635$2,907
10 years$4,668$4,220$3,810$3,437$3,097$2,406
11 years$4,201$3,756$3,354$2,991$2,664$2,009
12 years$3,811$3,372$2,977$2,623$2,308$1,689
13 years$3,482$3,047$2,659$2,316$2,013$1,428
14 years$3,200$2,770$2,390$2,056$1,764$1,213
15 years$2,956$2,530$2,157$1,833$1,554$1,034
16 years$2,742$2,321$1,956$1,642$1,373$884
17 years$2,554$2,138$1,780$1,475$1,217$758
18 years$2,387$1,975$1,625$1,329$1,082$651
19 years$2,238$1,831$1,487$1,201$965$561
20 years$2,104$1,701$1,365$1,088$862$484
21 years$1,983$1,585$1,256$987$771$418
22 years$1,872$1,479$1,157$898$691$361
23 years$1,772$1,384$1,069$818$621$312
24 years$1,680$1,296$988$746$558$271
25 years$1,596$1,216$915$681$502$235
26 years$1,518$1,143$849$623$452$204
27 years$1,446$1,076$788$570$408$177
28 years$1,380$1,014$733$522$368$153
29 years$1,318$956$682$479$332$133
30 years$1,260$903$635$439$300$116
31 years$1,206$854$592$404$271$101
32 years$1,156$808$553$371$245$88
33 years$1,109$765$516$341$222$76
34 years$1,064$725$482$314$201$66
35 years$1,022$688$451$289$182$58
36 years$983$653$422$266$165$50
37 years$946$620$395$245$150$44
38 years$911$589$370$226$136$38
39 years$878$560$346$208$123$33
40 years$846$533$324$192$112$29
41 years$816$507$304$177$101$25
42 years$788$483$285$164$92$22
43 years$761$461$268$151$83$19
44 years$735$439$251$139$76$17
45 years$711$419$236$129$69$14
46 years$688$399$222$119$62$13
47 years$665$381$208$110$57$11
48 years$644$364$196$102$51$10
49 years$624$347$184$94$47$8
50 years$604$332$173$87$42$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $619,000, adding $6,580 every year, while hoping to spend $53,010 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: 34/36/30 Blend
62$619,000$619,000$619,000$619,000
63$688,925$656,118$646,524$705,934
64$702,793$631,866$611,780$695,141
65$716,299$604,648$574,096$678,350
66$729,350$574,265$533,316$659,236
67$741,842$540,502$489,281$637,631
68$753,658$503,134$441,820$613,353
69$764,668$461,925$390,758$586,210
70$774,727$416,621$335,910$555,994
71$783,671$366,958$277,085$522,485
72$791,320$312,654$214,082$485,447
73$797,473$253,411$146,692$444,627
74$801,904$188,917$74,695$399,756
75$804,364$118,841$0$350,544
76$804,577$42,831$0$297,365
77$802,233$0$0$264,764
78$796,991$0$0$244,170
79$788,472$0$0$239,264
80$776,255$0$0$232,917
81$759,874$0$0$224,954
82$738,812$0$0$215,180
83$712,496$0$0$203,379
84$680,293$0$0$189,311
85$641,503$0$0$172,711
86$595,347$0$0$153,286
87$540,969$0$0$130,714
88$477,419$0$0$104,636
89$403,646$0$0$74,656
90$318,491$0$0$40,337
91$220,671$0$0$1,198
92$108,768$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0