Can I retire at age 63 with 661,000?

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 $661,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$54,585$54,099$53,624$53,161$52,709$51,730
2 years$27,022$26,519$26,031$25,558$25,100$24,116
3 years$17,836$17,330$16,844$16,375$15,924$14,968
4 years$13,244$12,740$12,258$11,798$11,357$10,435
5 years$10,489$9,988$9,513$9,062$8,634$7,749
6 years$8,653$8,156$7,688$7,247$6,831$5,984
7 years$7,342$6,849$6,389$5,958$5,556$4,747
8 years$6,360$5,871$5,418$4,998$4,609$3,838
9 years$5,596$5,112$4,666$4,257$3,882$3,148
10 years$4,985$4,506$4,068$3,670$3,307$2,611
11 years$4,486$4,011$3,582$3,194$2,844$2,184
12 years$4,070$3,600$3,179$2,801$2,465$1,839
13 years$3,718$3,254$2,840$2,473$2,149$1,558
14 years$3,417$2,958$2,552$2,195$1,884$1,326
15 years$3,156$2,702$2,304$1,958$1,659$1,133
16 years$2,928$2,479$2,089$1,753$1,466$971
17 years$2,728$2,283$1,901$1,575$1,300$834
18 years$2,549$2,109$1,735$1,420$1,156$718
19 years$2,390$1,955$1,588$1,283$1,030$620
20 years$2,247$1,817$1,458$1,162$920$536
21 years$2,117$1,692$1,341$1,054$824$464
22 years$2,000$1,580$1,236$959$738$402
23 years$1,892$1,477$1,141$873$663$349
24 years$1,794$1,384$1,055$796$596$303
25 years$1,704$1,299$977$727$536$263
26 years$1,621$1,221$906$665$483$229
27 years$1,544$1,149$842$609$435$199
28 years$1,473$1,083$783$558$393$173
29 years$1,407$1,021$728$511$355$151
30 years$1,346$965$678$469$320$131
31 years$1,288$912$632$431$290$114
32 years$1,234$863$590$396$262$100
33 years$1,184$817$551$364$237$87
34 years$1,136$774$515$335$215$76
35 years$1,092$735$481$309$194$66
36 years$1,050$697$450$284$176$58
37 years$1,010$662$421$262$160$50
38 years$973$629$395$241$145$44
39 years$937$598$370$222$131$38
40 years$904$569$346$205$119$33
41 years$872$542$325$189$108$29
42 years$842$516$305$175$98$26
43 years$813$492$286$161$89$22
44 years$785$469$268$149$81$19
45 years$759$447$252$138$73$17
46 years$734$426$237$127$67$15
47 years$711$407$222$117$60$13
48 years$688$388$209$108$55$11
49 years$666$371$196$100$50$10
50 years$645$354$185$93$45$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $661,000, adding $2,621 every year, while hoping to spend $49,380 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: 65/20/15 Blend
62$661,000$661,000$661,000$661,000
63$731,126$696,093$685,847$775,850
64$753,160$677,661$656,283$787,665
65$775,788$656,672$624,074$794,610
66$799,016$632,946$589,078$800,984
67$822,853$606,298$551,149$806,731
68$847,304$576,527$510,133$811,788
69$872,376$543,424$465,870$816,092
70$898,073$506,766$418,191$819,573
71$924,398$466,318$366,921$822,157
72$951,351$421,833$311,877$823,764
73$978,932$373,046$252,869$824,310
74$1,007,139$319,681$189,696$823,702
75$1,035,966$261,444$122,149$821,845
76$1,065,405$198,026$50,012$818,633
77$1,095,446$129,099$0$813,955
78$1,126,075$54,318$0$812,009
79$1,157,273$0$0$817,174
80$1,189,017$0$0$827,210
81$1,221,281$0$0$849,550
82$1,254,032$0$0$872,214
83$1,287,231$0$0$895,174
84$1,320,834$0$0$918,397
85$1,354,786$0$0$941,844
86$1,389,027$0$0$965,470
87$1,423,486$0$0$989,224
88$1,458,082$0$0$1,013,048
89$1,492,724$0$0$1,036,873
90$1,527,305$0$0$1,060,624
91$1,561,707$0$0$1,084,215
92$1,595,795$0$0$1,107,547
93$1,629,415$0$0$1,130,510
94$1,662,396$0$0$1,152,980
95$1,694,545$0$0$1,174,818
96$1,725,644$0$0$1,195,866
97$1,755,451$0$0$1,215,950
98$1,783,692$0$0$1,234,873
99$1,810,064$0$0$1,252,415
100$1,834,225$0$0$1,268,331