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%14.2%
1 years$53,924$53,444$52,975$52,518$52,071$51,166
2 years$26,695$26,198$25,716$25,249$24,796$23,887
3 years$17,620$17,121$16,640$16,177$15,731$14,847
4 years$13,083$12,585$12,110$11,655$11,220$10,367
5 years$10,362$9,867$9,398$8,952$8,529$7,710
6 years$8,548$8,057$7,595$7,159$6,749$5,964
7 years$7,253$6,766$6,311$5,886$5,489$4,739
8 years$6,283$5,800$5,352$4,937$4,553$3,838
9 years$5,528$5,050$4,610$4,206$3,835$3,154
10 years$4,925$4,451$4,019$3,625$3,267$2,620
11 years$4,431$3,963$3,538$3,155$2,810$2,196
12 years$4,021$3,557$3,140$2,767$2,435$1,853
13 years$3,673$3,214$2,806$2,443$2,123$1,573
14 years$3,376$2,922$2,521$2,169$1,861$1,341
15 years$3,118$2,669$2,276$1,934$1,639$1,148
16 years$2,893$2,449$2,063$1,732$1,448$986
17 years$2,695$2,255$1,878$1,556$1,284$849
18 years$2,518$2,084$1,714$1,402$1,142$733
19 years$2,361$1,931$1,569$1,267$1,018$634
20 years$2,219$1,795$1,440$1,148$909$549
21 years$2,091$1,672$1,325$1,042$814$476
22 years$1,975$1,560$1,221$947$729$414
23 years$1,869$1,459$1,127$862$655$360
24 years$1,773$1,367$1,042$787$588$313
25 years$1,684$1,283$966$718$529$273
26 years$1,602$1,206$896$657$477$238
27 years$1,526$1,135$832$601$430$207
28 years$1,455$1,070$773$551$388$181
29 years$1,390$1,009$719$505$350$158
30 years$1,329$953$670$464$317$138
31 years$1,272$901$625$426$286$120
32 years$1,219$852$583$391$259$105
33 years$1,169$807$544$360$234$92
34 years$1,123$765$508$331$212$80
35 years$1,079$726$475$305$192$70
36 years$1,037$689$445$281$174$62
37 years$998$654$416$259$158$54
38 years$961$622$390$238$143$47
39 years$926$591$365$220$130$41
40 years$893$562$342$203$118$36
41 years$861$535$321$187$107$32
42 years$831$510$301$173$97$28
43 years$803$486$283$159$88$24
44 years$776$463$265$147$80$21
45 years$750$442$249$136$72$19
46 years$725$421$234$126$66$16
47 years$702$402$220$116$60$14
48 years$680$384$206$107$54$12
49 years$658$366$194$99$49$11
50 years$638$350$182$92$45$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $653,000, adding $4,495 every year, while hoping to spend $48,658 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: 78/10/12 Blend
62$653,000$653,000$653,000$653,000
63$724,243$689,634$679,512$778,735
64$746,344$671,654$650,504$797,240
65$769,068$651,162$618,893$810,847
66$792,428$627,985$584,542$824,384
67$816,436$601,936$547,304$837,823
68$841,103$572,821$507,029$851,135
69$866,439$540,433$463,558$864,288
70$892,456$504,554$416,727$877,247
71$919,162$464,953$366,363$889,976
72$946,566$421,385$312,285$902,433
73$974,674$373,592$254,306$914,575
74$1,003,494$321,301$192,228$926,355
75$1,033,030$264,224$125,847$937,719
76$1,063,285$202,057$54,949$948,614
77$1,094,259$134,477$0$958,977
78$1,125,952$61,145$0$971,397
79$1,158,361$0$0$990,831
80$1,191,478$0$0$1,012,205
81$1,225,295$0$0$1,040,896
82$1,259,798$0$0$1,070,165
83$1,294,970$0$0$1,099,997
84$1,330,790$0$0$1,130,374
85$1,367,231$0$0$1,161,271
86$1,404,261$0$0$1,192,662
87$1,441,842$0$0$1,224,512
88$1,479,928$0$0$1,256,781
89$1,518,466$0$0$1,289,425
90$1,557,393$0$0$1,322,388
91$1,596,639$0$0$1,355,609
92$1,636,120$0$0$1,389,016
93$1,675,742$0$0$1,422,528
94$1,715,396$0$0$1,456,050
95$1,754,960$0$0$1,489,477
96$1,794,295$0$0$1,522,689
97$1,833,242$0$0$1,555,548
98$1,871,623$0$0$1,587,901
99$1,909,237$0$0$1,619,576
100$1,945,860$0$0$1,650,377