Can I retire at age 63 with 655,000?

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 $655,000?

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$54,089$53,607$53,137$52,679$52,231$51,429
2 years$26,777$26,278$25,795$25,326$24,872$24,066
3 years$17,674$17,173$16,691$16,227$15,780$14,995
4 years$13,123$12,624$12,147$11,690$11,254$10,496
5 years$10,394$9,897$9,426$8,979$8,555$7,827
6 years$8,575$8,082$7,618$7,181$6,769$6,071
7 years$7,276$6,787$6,331$5,904$5,505$4,837
8 years$6,302$5,818$5,369$4,953$4,567$3,929
9 years$5,545$5,066$4,624$4,218$3,846$3,238
10 years$4,940$4,465$4,031$3,636$3,277$2,699
11 years$4,445$3,975$3,549$3,165$2,819$2,269
12 years$4,033$3,568$3,150$2,776$2,442$1,921
13 years$3,684$3,224$2,814$2,451$2,130$1,636
14 years$3,386$2,931$2,529$2,175$1,867$1,399
15 years$3,128$2,677$2,283$1,940$1,644$1,202
16 years$2,902$2,456$2,070$1,737$1,453$1,036
17 years$2,703$2,262$1,883$1,561$1,288$895
18 years$2,526$2,090$1,719$1,407$1,145$776
19 years$2,368$1,937$1,574$1,271$1,021$673
20 years$2,226$1,800$1,445$1,151$912$585
21 years$2,098$1,677$1,329$1,045$816$510
22 years$1,981$1,565$1,225$950$731$444
23 years$1,875$1,464$1,131$865$657$388
24 years$1,778$1,372$1,046$789$590$339
25 years$1,689$1,287$969$721$531$296
26 years$1,606$1,210$898$659$478$259
27 years$1,530$1,139$834$603$431$227
28 years$1,460$1,073$775$553$389$199
29 years$1,394$1,012$722$507$351$174
30 years$1,333$956$672$465$318$153
31 years$1,276$904$627$427$287$134
32 years$1,223$855$585$392$260$118
33 years$1,173$810$546$361$235$103
34 years$1,126$767$510$332$213$91
35 years$1,082$728$477$306$193$80
36 years$1,040$691$446$282$175$70
37 years$1,001$656$418$259$158$61
38 years$964$624$391$239$143$54
39 years$929$593$366$220$130$47
40 years$895$564$343$203$118$42
41 years$864$537$322$188$107$37
42 years$834$511$302$173$97$32
43 years$805$487$283$160$88$28
44 years$778$464$266$148$80$25
45 years$752$443$250$136$73$22
46 years$728$423$235$126$66$19
47 years$704$403$220$116$60$17
48 years$682$385$207$107$54$15
49 years$660$368$195$99$49$13
50 years$640$351$183$92$45$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $655,000, adding $3,359 every year, while hoping to spend $37,351 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: 74/16/10 Blend
62$655,000$655,000$655,000$655,000
63$725,275$690,560$680,407$777,370
64$759,512$684,656$663,460$806,292
65$795,989$677,211$644,693$832,958
66$834,895$668,110$624,006$861,132
67$876,438$657,231$601,293$890,952
68$920,845$644,446$576,447$922,569
69$968,364$629,616$549,350$956,154
70$1,019,268$612,598$519,884$991,890
71$1,073,856$593,238$487,923$1,029,984
72$1,132,457$571,374$453,336$1,070,662
73$1,195,431$546,835$415,986$1,114,176
74$1,263,173$519,438$375,730$1,160,803
75$1,336,118$488,992$332,418$1,210,850
76$1,414,742$455,293$285,895$1,264,655
77$1,499,570$418,126$235,996$1,322,593
78$1,591,177$377,265$182,553$1,385,077
79$1,690,195$332,469$125,387$1,452,565
80$1,797,320$283,485$64,312$1,525,562
81$1,913,315$230,045$0$1,604,627
82$2,039,021$171,864$0$1,690,468
83$2,175,361$108,646$0$1,791,003
84$2,323,351$40,073$0$1,900,139
85$2,484,108$0$0$2,018,731
86$2,658,861$0$0$2,153,740
87$2,848,963$0$0$2,308,307
88$3,055,900$0$0$2,476,589
89$3,281,310$0$0$2,659,920
90$3,526,993$0$0$2,859,768
91$3,794,932$0$0$3,077,750
92$4,087,309$0$0$3,315,643
93$4,406,525$0$0$3,575,407
94$4,755,223$0$0$3,859,196
95$5,136,315$0$0$4,169,383
96$5,553,004$0$0$4,508,580
97$6,008,818$0$0$4,879,664
98$6,507,641$0$0$5,285,802
99$7,053,751$0$0$5,730,481
100$7,651,858$0$0$6,217,541