Can I retire at age 63 with 653,000?

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 $653,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$53,924$53,444$52,975$52,518$52,071$51,293
2 years$26,695$26,198$25,716$25,249$24,796$24,014
3 years$17,620$17,121$16,640$16,177$15,731$14,970
4 years$13,083$12,585$12,110$11,655$11,220$10,484
5 years$10,362$9,867$9,398$8,952$8,529$7,822
6 years$8,548$8,057$7,595$7,159$6,749$6,070
7 years$7,253$6,766$6,311$5,886$5,489$4,839
8 years$6,283$5,800$5,352$4,937$4,553$3,933
9 years$5,528$5,050$4,610$4,206$3,835$3,244
10 years$4,925$4,451$4,019$3,625$3,267$2,705
11 years$4,431$3,963$3,538$3,155$2,810$2,275
12 years$4,021$3,557$3,140$2,767$2,435$1,928
13 years$3,673$3,214$2,806$2,443$2,123$1,643
14 years$3,376$2,922$2,521$2,169$1,861$1,406
15 years$3,118$2,669$2,276$1,934$1,639$1,209
16 years$2,893$2,449$2,063$1,732$1,448$1,042
17 years$2,695$2,255$1,878$1,556$1,284$901
18 years$2,518$2,084$1,714$1,402$1,142$781
19 years$2,361$1,931$1,569$1,267$1,018$679
20 years$2,219$1,795$1,440$1,148$909$591
21 years$2,091$1,672$1,325$1,042$814$515
22 years$1,975$1,560$1,221$947$729$449
23 years$1,869$1,459$1,127$862$655$392
24 years$1,773$1,367$1,042$787$588$343
25 years$1,684$1,283$966$718$529$300
26 years$1,602$1,206$896$657$477$263
27 years$1,526$1,135$832$601$430$230
28 years$1,455$1,070$773$551$388$202
29 years$1,390$1,009$719$505$350$177
30 years$1,329$953$670$464$317$156
31 years$1,272$901$625$426$286$137
32 years$1,219$852$583$391$259$120
33 years$1,169$807$544$360$234$105
34 years$1,123$765$508$331$212$93
35 years$1,079$726$475$305$192$81
36 years$1,037$689$445$281$174$72
37 years$998$654$416$259$158$63
38 years$961$622$390$238$143$55
39 years$926$591$365$220$130$49
40 years$893$562$342$203$118$43
41 years$861$535$321$187$107$38
42 years$831$510$301$173$97$33
43 years$803$486$283$159$88$29
44 years$776$463$265$147$80$26
45 years$750$442$249$136$72$23
46 years$725$421$234$126$66$20
47 years$702$402$220$116$60$17
48 years$680$384$206$107$54$15
49 years$658$366$194$99$49$14
50 years$638$350$182$92$45$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $653,000, adding $2,513 every year, while hoping to spend $45,564 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: 82/7/11 Blend
62$653,000$653,000$653,000$653,000
63$722,198$687,589$677,468$779,879
64$747,383$672,801$651,683$803,255
65$773,609$655,762$623,508$822,638
66$800,935$636,312$592,813$842,556
67$829,423$614,284$559,465$863,039
68$859,142$589,501$523,325$884,117
69$890,162$561,775$484,244$905,826
70$922,564$530,907$442,071$928,207
71$956,431$496,687$396,646$951,300
72$991,855$458,893$347,802$975,155
73$1,028,935$417,290$295,365$999,823
74$1,067,779$371,629$239,151$1,025,364
75$1,108,502$321,649$178,973$1,051,841
76$1,151,231$267,071$114,630$1,079,325
77$1,196,103$207,604$45,917$1,107,895
78$1,243,266$142,937$0$1,137,640
79$1,292,882$72,745$0$1,171,872
80$1,345,128$0$0$1,213,442
81$1,400,194$0$0$1,257,357
82$1,458,290$0$0$1,309,605
83$1,519,643$0$0$1,364,789
84$1,584,501$0$0$1,423,132
85$1,653,135$0$0$1,484,879
86$1,725,840$0$0$1,550,296
87$1,802,940$0$0$1,619,675
88$1,884,788$0$0$1,693,336
89$1,971,770$0$0$1,771,626
90$2,064,307$0$0$1,854,928
91$2,162,864$0$0$1,943,658
92$2,267,945$0$0$2,038,273
93$2,380,105$0$0$2,139,275
94$2,499,952$0$0$2,247,211
95$2,628,150$0$0$2,362,684
96$2,765,431$0$0$2,486,351
97$2,912,595$0$0$2,618,937
98$3,070,520$0$0$2,761,235
99$3,240,169$0$0$2,914,115
100$3,422,601$0$0$3,078,532