Can I retire at age 63 with 654,000?

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 $654,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$54,007$53,526$53,056$52,598$52,151$51,649
2 years$26,736$26,238$25,755$25,288$24,834$24,328
3 years$17,647$17,147$16,666$16,202$15,756$15,262
4 years$13,103$12,605$12,128$11,673$11,237$10,759
5 years$10,378$9,882$9,412$8,966$8,542$8,082
6 years$8,561$8,070$7,606$7,170$6,759$6,316
7 years$7,265$6,777$6,321$5,895$5,497$5,072
8 years$6,292$5,809$5,361$4,945$4,560$4,153
9 years$5,537$5,058$4,617$4,212$3,840$3,451
10 years$4,932$4,458$4,025$3,631$3,272$2,901
11 years$4,438$3,969$3,544$3,160$2,814$2,460
12 years$4,027$3,562$3,145$2,772$2,439$2,101
13 years$3,679$3,219$2,810$2,447$2,127$1,806
14 years$3,381$2,926$2,525$2,172$1,864$1,560
15 years$3,123$2,673$2,279$1,937$1,641$1,352
16 years$2,897$2,453$2,067$1,735$1,451$1,177
17 years$2,699$2,259$1,881$1,558$1,286$1,027
18 years$2,522$2,087$1,717$1,404$1,144$899
19 years$2,365$1,934$1,572$1,269$1,019$788
20 years$2,223$1,797$1,442$1,149$911$692
21 years$2,095$1,674$1,327$1,043$815$609
22 years$1,978$1,563$1,223$948$730$537
23 years$1,872$1,462$1,129$864$656$474
24 years$1,775$1,370$1,044$788$589$418
25 years$1,686$1,285$967$719$530$370
26 years$1,604$1,208$897$658$478$327
27 years$1,528$1,137$833$602$431$290
28 years$1,458$1,071$774$552$389$257
29 years$1,392$1,011$720$506$351$228
30 years$1,331$954$671$464$317$202
31 years$1,274$902$626$426$287$179
32 years$1,221$854$584$392$259$159
33 years$1,171$808$545$360$235$141
34 years$1,124$766$509$332$212$125
35 years$1,080$727$476$305$192$111
36 years$1,039$690$445$281$174$99
37 years$999$655$417$259$158$88
38 years$962$623$390$239$143$78
39 years$927$592$366$220$130$70
40 years$894$563$343$203$118$62
41 years$863$536$321$187$107$55
42 years$833$511$302$173$97$49
43 years$804$487$283$160$88$44
44 years$777$464$266$147$80$39
45 years$751$442$249$136$73$35
46 years$727$422$234$126$66$31
47 years$703$403$220$116$60$27
48 years$681$384$207$107$54$24
49 years$659$367$194$99$49$22
50 years$639$351$183$92$45$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $654,000, adding $4,083 every year, while hoping to spend $26,364 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: 32/43/25 Blend
62$654,000$654,000$654,000$654,000
63$724,920$690,258$680,121$742,455
64$770,810$696,029$674,854$761,883
65$820,498$701,200$668,526$780,158
66$874,343$705,713$661,076$799,313
67$932,740$709,506$652,436$819,443
68$996,123$712,516$642,536$840,654
69$1,064,971$714,673$631,305$863,066
70$1,139,810$715,904$618,665$886,811
71$1,221,218$716,130$604,538$912,037
72$1,309,832$715,270$588,840$938,910
73$1,406,352$713,236$571,483$967,614
74$1,511,549$709,933$552,377$998,357
75$1,626,271$705,264$531,426$1,031,368
76$1,751,452$699,123$508,530$1,066,904
77$1,888,119$691,400$483,585$1,105,249
78$2,037,405$681,975$456,482$1,146,721
79$2,200,553$670,725$427,107$1,191,674
80$2,378,935$657,516$395,340$1,240,500
81$2,574,061$642,209$361,059$1,293,637
82$2,787,592$624,655$324,132$1,351,571
83$3,021,360$604,696$284,423$1,414,840
84$3,277,379$582,166$241,792$1,484,044
85$3,557,869$556,890$196,089$1,559,848
86$3,865,274$528,680$147,161$1,642,990
87$4,202,287$497,340$94,845$1,734,289
88$4,571,871$462,661$38,974$1,834,653
89$4,977,293$424,422$0$1,945,088
90$5,422,150$382,391$0$2,072,220
91$5,910,402$336,322$0$2,223,228
92$6,446,415$285,954$0$2,389,128
93$7,034,996$231,012$0$2,571,489
94$7,681,440$171,206$0$2,772,047
95$8,391,581$106,229$0$2,992,722
96$9,171,845$35,757$0$3,235,633
97$10,029,312$0$0$3,503,122
98$10,971,781$0$0$3,816,964
99$12,007,847$0$0$4,180,680
100$13,146,975$0$0$4,580,688