Can I retire at age 63 with 660,000?

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 $660,000?

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$54,502$54,017$53,543$53,081$52,629$51,715
2 years$26,981$26,479$25,992$25,520$25,062$24,143
3 years$17,809$17,304$16,818$16,351$15,900$15,007
4 years$13,224$12,720$12,239$11,780$11,340$10,478
5 years$10,473$9,973$9,498$9,048$8,621$7,793
6 years$8,640$8,144$7,676$7,236$6,821$6,028
7 years$7,331$6,839$6,379$5,949$5,547$4,790
8 years$6,350$5,862$5,410$4,990$4,602$3,880
9 years$5,587$5,104$4,659$4,251$3,876$3,188
10 years$4,977$4,499$4,062$3,664$3,302$2,648
11 years$4,479$4,005$3,576$3,189$2,840$2,220
12 years$4,064$3,595$3,174$2,797$2,461$1,873
13 years$3,713$3,249$2,836$2,469$2,146$1,590
14 years$3,412$2,953$2,548$2,192$1,881$1,356
15 years$3,152$2,698$2,300$1,955$1,656$1,160
16 years$2,924$2,475$2,086$1,750$1,464$997
17 years$2,723$2,279$1,898$1,573$1,298$858
18 years$2,545$2,106$1,732$1,417$1,154$741
19 years$2,386$1,952$1,586$1,281$1,029$641
20 years$2,243$1,814$1,456$1,160$919$555
21 years$2,114$1,690$1,339$1,053$822$481
22 years$1,996$1,577$1,234$957$737$418
23 years$1,889$1,475$1,139$872$662$364
24 years$1,792$1,382$1,054$795$595$316
25 years$1,702$1,297$976$726$535$276
26 years$1,619$1,219$905$664$482$240
27 years$1,542$1,147$840$608$435$209
28 years$1,471$1,081$781$557$392$183
29 years$1,405$1,020$727$511$354$160
30 years$1,343$963$677$469$320$139
31 years$1,286$910$631$430$289$122
32 years$1,232$861$589$395$262$106
33 years$1,182$816$550$364$237$93
34 years$1,135$773$514$335$214$81
35 years$1,090$733$480$308$194$71
36 years$1,048$696$449$284$176$62
37 years$1,009$661$421$261$159$54
38 years$971$628$394$241$145$48
39 years$936$597$369$222$131$42
40 years$902$568$346$205$119$36
41 years$871$541$324$189$108$32
42 years$840$515$304$174$98$28
43 years$812$491$286$161$89$24
44 years$784$468$268$149$81$21
45 years$758$446$252$137$73$19
46 years$733$426$236$127$66$16
47 years$710$406$222$117$60$14
48 years$687$388$209$108$55$13
49 years$665$370$196$100$50$11
50 years$644$354$184$93$45$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $660,000, adding $6,852 every year, while hoping to spend $21,860 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: 65/14/21 Blend
62$660,000$660,000$660,000$660,000
63$734,388$699,408$689,178$777,766
64$786,037$710,420$689,006$818,774
65$842,221$721,239$688,097$860,469
66$903,380$731,832$686,401$905,526
67$969,998$742,165$683,868$954,274
68$1,042,607$752,201$680,447$1,007,080
69$1,121,792$761,898$676,082$1,064,344
70$1,208,199$771,215$670,714$1,126,509
71$1,302,537$780,107$664,285$1,194,065
72$1,405,588$788,523$656,730$1,267,549
73$1,518,210$796,413$647,983$1,347,556
74$1,641,351$803,721$637,974$1,434,740
75$1,776,054$810,388$626,631$1,529,825
76$1,923,465$816,351$613,877$1,633,607
77$2,084,850$821,544$599,633$1,746,963
78$2,261,599$825,894$583,816$1,870,862
79$2,455,246$829,327$566,337$2,006,373
80$2,667,479$831,761$547,107$2,154,672
81$2,900,155$833,111$526,029$2,317,059
82$3,155,323$833,286$503,003$2,494,963
83$3,435,238$832,189$477,926$2,689,965
84$3,742,384$829,717$450,687$2,903,805
85$4,079,496$825,763$421,174$3,138,402
86$4,449,588$820,209$389,267$3,395,871
87$4,855,980$812,933$354,842$3,678,546
88$5,302,329$803,806$317,768$3,988,999
89$5,792,664$792,689$277,910$4,330,066
90$6,331,421$779,437$235,126$4,704,873
91$6,923,491$763,894$189,268$5,116,869
92$7,574,260$745,897$140,180$5,569,854
93$8,289,660$725,272$87,703$6,068,017
94$9,076,231$701,836$31,666$6,615,978
95$9,941,174$675,393$0$7,218,830
96$10,892,425$645,739$0$7,888,491
97$11,938,728$612,655$0$8,632,828
98$13,089,714$575,911$0$9,451,604
99$14,355,997$535,264$0$10,352,386
100$15,749,273$490,455$0$11,343,512