Can I retire at age 63 with 657,000?

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 $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%13.1%
1 years$54,254$53,771$53,300$52,839$52,390$51,714
2 years$26,859$26,358$25,874$25,404$24,948$24,267
3 years$17,728$17,226$16,742$16,276$15,828$15,165
4 years$13,163$12,663$12,184$11,726$11,289$10,648
5 years$10,425$9,928$9,455$9,007$8,581$7,964
6 years$8,601$8,107$7,641$7,203$6,790$6,198
7 years$7,298$6,808$6,350$5,922$5,522$4,955
8 years$6,321$5,836$5,385$4,968$4,581$4,039
9 years$5,562$5,081$4,638$4,231$3,858$3,340
10 years$4,955$4,479$4,044$3,647$3,287$2,794
11 years$4,459$3,987$3,560$3,174$2,827$2,358
12 years$4,045$3,579$3,159$2,784$2,450$2,004
13 years$3,696$3,234$2,823$2,458$2,136$1,713
14 years$3,396$2,940$2,536$2,182$1,873$1,472
15 years$3,137$2,685$2,290$1,946$1,649$1,269
16 years$2,911$2,464$2,076$1,742$1,457$1,098
17 years$2,711$2,269$1,889$1,566$1,292$953
18 years$2,534$2,097$1,725$1,411$1,149$829
19 years$2,375$1,943$1,579$1,275$1,024$723
20 years$2,233$1,806$1,449$1,155$915$631
21 years$2,104$1,682$1,333$1,048$819$552
22 years$1,987$1,570$1,228$953$734$484
23 years$1,881$1,468$1,134$868$659$424
24 years$1,783$1,376$1,049$791$592$372
25 years$1,694$1,291$971$723$533$327
26 years$1,611$1,213$901$661$480$288
27 years$1,535$1,142$837$605$433$253
28 years$1,464$1,076$778$554$390$223
29 years$1,399$1,015$724$508$352$196
30 years$1,337$959$674$466$318$173
31 years$1,280$906$629$428$288$152
32 years$1,227$858$586$394$260$134
33 years$1,177$812$548$362$236$119
34 years$1,130$770$512$333$213$105
35 years$1,085$730$478$307$193$92
36 years$1,043$693$447$282$175$82
37 years$1,004$658$419$260$159$72
38 years$967$625$392$240$144$64
39 years$932$595$367$221$131$56
40 years$898$566$344$204$118$50
41 years$867$539$323$188$107$44
42 years$836$513$303$174$97$39
43 years$808$489$284$160$88$34
44 years$781$466$267$148$80$30
45 years$755$444$251$137$73$27
46 years$730$424$235$126$66$24
47 years$706$404$221$117$60$21
48 years$684$386$208$108$55$18
49 years$662$369$195$100$50$16
50 years$641$352$184$92$45$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $657,000, adding $2,384 every year, while hoping to spend $44,284 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: 31/44/25 Blend
62$657,000$657,000$657,000$657,000
63$726,473$691,652$681,469$743,340
64$753,456$678,425$657,180$743,229
65$781,706$663,066$630,593$739,012
66$811,307$645,423$601,585$733,581
67$842,348$625,337$570,026$726,857
68$874,926$602,637$535,781$718,761
69$909,148$577,145$498,708$709,211
70$945,126$548,671$458,660$698,118
71$982,987$517,013$415,483$685,394
72$1,022,865$481,960$369,016$670,946
73$1,064,908$443,288$319,089$654,677
74$1,109,278$400,758$265,528$636,486
75$1,156,150$354,121$208,148$616,272
76$1,205,715$303,111$146,759$593,927
77$1,258,183$247,447$81,160$569,342
78$1,313,780$186,835$11,142$542,406
79$1,372,758$120,962$0$513,001
80$1,435,388$49,498$0$497,971
81$1,501,968$0$0$484,510
82$1,572,825$0$0$483,095
83$1,648,315$0$0$507,176
84$1,728,830$0$0$532,920
85$1,814,798$0$0$560,471
86$1,906,687$0$0$589,988
87$2,005,013$0$0$621,645
88$2,110,339$0$0$655,633
89$2,223,284$0$0$692,160
90$2,344,527$0$0$731,457
91$2,474,812$0$0$773,776
92$2,614,958$0$0$819,395
93$2,765,861$0$0$868,618
94$2,928,508$0$0$921,780
95$3,103,981$0$0$979,247
96$3,293,471$0$0$1,041,425
97$3,498,285$0$0$1,108,757
98$3,719,859$0$0$1,181,732
99$3,959,774$0$0$1,260,887
100$4,219,765$0$0$1,346,812