Can I retire at age 63 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$53,759$53,280$52,813$52,357$51,912$50,412
2 years$26,613$26,118$25,637$25,172$24,720$23,220
3 years$17,566$17,068$16,589$16,128$15,683$14,232
4 years$13,043$12,547$12,073$11,619$11,185$9,793
5 years$10,330$9,837$9,369$8,925$8,503$7,173
6 years$8,522$8,033$7,571$7,137$6,728$5,462
7 years$7,231$6,746$6,292$5,868$5,472$4,269
8 years$6,263$5,782$5,336$4,922$4,539$3,400
9 years$5,511$5,035$4,596$4,193$3,823$2,745
10 years$4,910$4,438$4,007$3,614$3,257$2,240
11 years$4,418$3,951$3,528$3,145$2,801$1,843
12 years$4,008$3,546$3,131$2,759$2,428$1,526
13 years$3,662$3,204$2,797$2,436$2,117$1,271
14 years$3,365$2,913$2,513$2,162$1,856$1,062
15 years$3,109$2,661$2,269$1,928$1,634$891
16 years$2,884$2,441$2,057$1,727$1,444$750
17 years$2,686$2,248$1,872$1,551$1,280$632
18 years$2,511$2,078$1,709$1,398$1,138$534
19 years$2,354$1,925$1,564$1,263$1,015$452
20 years$2,213$1,789$1,436$1,144$906$383
21 years$2,085$1,667$1,321$1,038$811$325
22 years$1,969$1,556$1,217$944$727$276
23 years$1,864$1,455$1,124$860$653$235
24 years$1,767$1,363$1,039$784$587$200
25 years$1,678$1,279$963$716$528$170
26 years$1,597$1,202$893$655$475$145
27 years$1,521$1,132$829$599$429$123
28 years$1,451$1,066$771$549$387$105
29 years$1,386$1,006$717$504$349$90
30 years$1,325$950$668$462$316$76
31 years$1,269$898$623$424$285$65
32 years$1,216$850$581$390$258$56
33 years$1,166$805$543$359$234$47
34 years$1,119$763$507$330$211$40
35 years$1,075$723$474$304$192$34
36 years$1,034$687$443$280$174$29
37 years$995$652$415$258$157$25
38 years$958$620$389$238$143$21
39 years$923$589$364$219$129$18
40 years$890$561$341$202$117$16
41 years$859$534$320$186$106$13
42 years$829$508$300$172$97$11
43 years$800$484$282$159$88$10
44 years$773$462$264$147$80$8
45 years$748$440$248$135$72$7
46 years$723$420$233$125$66$6
47 years$700$401$219$116$60$5
48 years$677$383$206$107$54$4
49 years$656$365$193$99$49$4
50 years$636$349$182$91$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $651,000, adding $4,901 every year, while hoping to spend $33,208 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: 40/43/17 Blend
62$651,000$651,000$651,000$651,000
63$722,457$687,954$677,864$747,531
64$760,815$686,331$665,239$764,217
65$801,972$683,515$651,079$778,676
66$846,179$679,413$635,296$793,617
67$893,711$673,926$617,800$809,100
68$944,870$666,949$598,496$825,195
69$999,987$658,370$577,286$841,979
70$1,059,426$648,070$554,066$859,542
71$1,123,587$635,926$528,727$877,985
72$1,192,910$621,803$501,156$897,422
73$1,267,877$605,562$471,235$917,981
74$1,349,020$587,054$438,841$939,808
75$1,436,922$566,121$403,844$963,066
76$1,532,224$542,597$366,109$987,941
77$1,635,632$516,305$325,495$1,014,637
78$1,747,922$487,060$281,854$1,043,388
79$1,869,947$454,663$235,034$1,074,453
80$2,002,647$418,907$184,873$1,108,126
81$2,147,054$379,570$131,203$1,144,731
82$2,304,305$336,421$73,849$1,184,634
83$2,475,651$289,211$12,630$1,228,244
84$2,662,467$237,683$0$1,276,016
85$2,866,269$181,560$0$1,338,020
86$3,088,724$120,552$0$1,408,328
87$3,331,668$54,352$0$1,485,319
88$3,597,120$0$0$1,569,736
89$3,887,306$0$0$1,670,622
90$4,204,673$0$0$1,809,166
91$4,551,920$0$0$1,960,839
92$4,932,014$0$0$2,126,946
93$5,348,226$0$0$2,308,929
94$5,804,155$0$0$2,508,373
95$6,303,767$0$0$2,727,024
96$6,851,429$0$0$2,966,805
97$7,451,949$0$0$3,229,836
98$8,110,625$0$0$3,518,448
99$8,833,292$0$0$3,835,213
100$9,626,374$0$0$4,182,961