Can I retire at age 63 with 657,000?

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 $657,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$54,254$53,771$53,300$52,839$52,390$52,147
2 years$26,859$26,358$25,874$25,404$24,948$24,703
3 years$17,728$17,226$16,742$16,276$15,828$15,588
4 years$13,163$12,663$12,184$11,726$11,289$11,056
5 years$10,425$9,928$9,455$9,007$8,581$8,357
6 years$8,601$8,107$7,641$7,203$6,790$6,574
7 years$7,298$6,808$6,350$5,922$5,522$5,314
8 years$6,321$5,836$5,385$4,968$4,581$4,381
9 years$5,562$5,081$4,638$4,231$3,858$3,666
10 years$4,955$4,479$4,044$3,647$3,287$3,104
11 years$4,459$3,987$3,560$3,174$2,827$2,651
12 years$4,045$3,579$3,159$2,784$2,450$2,282
13 years$3,696$3,234$2,823$2,458$2,136$1,976
14 years$3,396$2,940$2,536$2,182$1,873$1,720
15 years$3,137$2,685$2,290$1,946$1,649$1,504
16 years$2,911$2,464$2,076$1,742$1,457$1,319
17 years$2,711$2,269$1,889$1,566$1,292$1,161
18 years$2,534$2,097$1,725$1,411$1,149$1,024
19 years$2,375$1,943$1,579$1,275$1,024$906
20 years$2,233$1,806$1,449$1,155$915$803
21 years$2,104$1,682$1,333$1,048$819$713
22 years$1,987$1,570$1,228$953$734$634
23 years$1,881$1,468$1,134$868$659$564
24 years$1,783$1,376$1,049$791$592$503
25 years$1,694$1,291$971$723$533$449
26 years$1,611$1,213$901$661$480$401
27 years$1,535$1,142$837$605$433$358
28 years$1,464$1,076$778$554$390$321
29 years$1,399$1,015$724$508$352$287
30 years$1,337$959$674$466$318$257
31 years$1,280$906$629$428$288$230
32 years$1,227$858$586$394$260$207
33 years$1,177$812$548$362$236$185
34 years$1,130$770$512$333$213$166
35 years$1,085$730$478$307$193$149
36 years$1,043$693$447$282$175$134
37 years$1,004$658$419$260$159$120
38 years$967$625$392$240$144$108
39 years$932$595$367$221$131$97
40 years$898$566$344$204$118$87
41 years$867$539$323$188$107$78
42 years$836$513$303$174$97$70
43 years$808$489$284$160$88$63
44 years$781$466$267$148$80$57
45 years$755$444$251$137$73$51
46 years$730$424$235$126$66$46
47 years$706$404$221$117$60$41
48 years$684$386$208$108$55$37
49 years$662$369$195$100$50$34
50 years$641$352$184$92$45$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $657,000, adding $4,397 every year, while hoping to spend $44,631 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: 47/46/7 Blend
62$657,000$657,000$657,000$657,000
63$728,550$693,729$683,545$761,217
64$755,375$680,234$658,957$770,609
65$783,440$664,583$632,049$775,755
66$812,825$646,621$602,697$780,297
67$843,616$626,189$570,770$784,191
68$875,905$603,113$536,131$787,394
69$909,795$577,213$498,639$789,860
70$945,395$548,297$458,144$791,543
71$982,824$516,162$414,491$792,396
72$1,022,213$480,595$367,517$792,371
73$1,063,702$441,367$317,052$791,420
74$1,107,445$398,240$262,919$789,494
75$1,153,611$350,960$204,933$786,543
76$1,202,381$299,259$142,901$782,521
77$1,253,956$242,855$76,620$777,380
78$1,308,552$181,448$5,880$771,071
79$1,366,409$114,723$0$763,552
80$1,427,785$42,346$0$759,978
81$1,492,964$0$0$755,917
82$1,562,257$0$0$769,150
83$1,636,004$0$0$806,086
84$1,714,577$0$0$845,482
85$1,798,382$0$0$887,547
86$1,887,867$0$0$932,512
87$1,983,520$0$0$980,628
88$2,085,876$0$0$1,032,171
89$2,195,524$0$0$1,087,444
90$2,313,109$0$0$1,146,780
91$2,439,336$0$0$1,210,543
92$2,574,983$0$0$1,279,134
93$2,720,901$0$0$1,352,993
94$2,878,026$0$0$1,432,601
95$3,047,385$0$0$1,518,491
96$3,230,106$0$0$1,611,243
97$3,427,429$0$0$1,711,499
98$3,640,716$0$0$1,819,963
99$3,871,465$0$0$1,937,407
100$4,121,321$0$0$2,064,682