Can I retire at age 63 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$53,676$53,198$52,732$52,276$51,832$51,036
2 years$26,572$26,078$25,598$25,133$24,682$23,882
3 years$17,539$17,042$16,564$16,103$15,659$14,880
4 years$13,023$12,528$12,054$11,601$11,168$10,416
5 years$10,314$9,822$9,354$8,911$8,490$7,767
6 years$8,509$8,020$7,560$7,126$6,718$6,025
7 years$7,220$6,735$6,282$5,859$5,463$4,800
8 years$6,254$5,773$5,328$4,915$4,532$3,899
9 years$5,503$5,027$4,589$4,186$3,817$3,214
10 years$4,902$4,431$4,001$3,609$3,252$2,678
11 years$4,411$3,945$3,522$3,141$2,797$2,251
12 years$4,002$3,540$3,126$2,755$2,424$1,906
13 years$3,656$3,200$2,793$2,432$2,114$1,623
14 years$3,360$2,908$2,509$2,159$1,853$1,389
15 years$3,104$2,657$2,266$1,925$1,631$1,193
16 years$2,880$2,438$2,054$1,724$1,442$1,028
17 years$2,682$2,245$1,869$1,549$1,278$888
18 years$2,507$2,074$1,706$1,396$1,137$770
19 years$2,350$1,923$1,562$1,261$1,013$668
20 years$2,209$1,786$1,433$1,142$905$581
21 years$2,082$1,664$1,319$1,037$810$506
22 years$1,966$1,553$1,215$943$726$441
23 years$1,861$1,453$1,122$858$652$385
24 years$1,764$1,361$1,038$783$586$336
25 years$1,676$1,277$961$715$527$294
26 years$1,594$1,201$891$654$475$257
27 years$1,519$1,130$828$598$428$225
28 years$1,449$1,065$769$548$386$197
29 years$1,384$1,004$716$503$349$173
30 years$1,323$949$667$461$315$152
31 years$1,267$897$622$424$285$133
32 years$1,214$848$580$390$258$117
33 years$1,164$803$542$358$233$103
34 years$1,117$762$506$330$211$90
35 years$1,074$722$473$303$191$79
36 years$1,032$686$443$279$173$69
37 years$993$651$414$257$157$61
38 years$957$619$388$237$142$54
39 years$922$588$364$219$129$47
40 years$889$560$341$202$117$41
41 years$857$533$319$186$106$36
42 years$828$508$300$172$96$32
43 years$799$484$281$159$87$28
44 years$772$461$264$146$79$25
45 years$747$440$248$135$72$22
46 years$722$419$233$125$65$19
47 years$699$400$219$115$59$17
48 years$676$382$206$107$54$15
49 years$655$365$193$99$49$13
50 years$635$348$182$91$45$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $650,000, adding $4,678 every year, while hoping to spend $22,931 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: 52/25/23 Blend
62$650,000$650,000$650,000$650,000
63$721,125$686,675$676,600$753,793
64$770,282$695,924$674,868$786,109
65$823,684$704,857$672,309$818,501
66$881,740$713,436$668,872$853,260
67$944,900$721,617$664,502$890,619
68$1,013,658$729,355$659,141$930,837
69$1,088,560$736,602$652,732$974,200
70$1,170,205$743,307$645,210$1,021,022
71$1,259,252$749,415$636,510$1,071,650
72$1,356,427$754,867$626,564$1,126,471
73$1,462,528$759,602$615,300$1,185,907
74$1,578,436$763,552$602,642$1,250,428
75$1,705,118$766,648$588,513$1,320,552
76$1,843,641$768,815$572,829$1,396,850
77$1,995,178$769,973$555,504$1,479,954
78$2,161,022$770,037$536,450$1,570,560
79$2,342,595$768,918$515,570$1,669,439
80$2,541,466$766,520$492,767$1,777,440
81$2,759,358$762,743$467,937$1,895,500
82$2,998,174$757,478$440,974$2,024,656
83$3,260,005$750,612$411,765$2,166,050
84$3,547,158$742,025$380,191$2,320,944
85$3,862,171$731,587$346,131$2,490,731
86$4,207,842$719,164$309,456$2,676,945
87$4,587,251$704,612$270,031$2,881,285
88$5,003,791$687,778$227,717$3,105,620
89$5,461,200$668,502$182,368$3,352,017
90$5,963,596$646,612$133,831$3,622,754
91$6,515,515$621,928$81,947$3,920,345
92$7,121,954$594,259$26,549$4,247,564
93$7,788,418$563,403$0$4,607,471
94$8,520,973$529,146$0$5,011,437
95$9,326,299$491,261$0$5,462,665
96$10,211,759$449,510$0$5,958,789
97$11,185,462$403,640$0$6,504,388
98$12,256,344$353,383$0$7,104,515
99$13,434,250$298,458$0$7,764,734
100$14,730,027$238,565$0$8,491,185