Can I retire at age 63 with 662,000?

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 $662,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$54,667$54,180$53,705$53,242$52,789$51,222
2 years$27,063$26,559$26,071$25,597$25,138$23,572
3 years$17,863$17,357$16,869$16,400$15,948$14,433
4 years$13,264$12,759$12,277$11,815$11,374$9,921
5 years$10,505$10,003$9,527$9,075$8,647$7,259
6 years$8,666$8,168$7,699$7,258$6,842$5,522
7 years$7,353$6,860$6,398$5,967$5,564$4,311
8 years$6,369$5,880$5,426$5,005$4,616$3,429
9 years$5,604$5,120$4,674$4,264$3,887$2,766
10 years$4,993$4,513$4,075$3,675$3,312$2,254
11 years$4,492$4,017$3,587$3,199$2,849$1,852
12 years$4,076$3,606$3,183$2,806$2,469$1,532
13 years$3,724$3,259$2,844$2,477$2,153$1,273
14 years$3,422$2,962$2,556$2,199$1,887$1,063
15 years$3,161$2,706$2,307$1,961$1,661$890
16 years$2,933$2,483$2,092$1,756$1,468$748
17 years$2,732$2,286$1,904$1,578$1,302$630
18 years$2,553$2,113$1,738$1,422$1,158$531
19 years$2,393$1,958$1,591$1,285$1,032$449
20 years$2,250$1,819$1,460$1,163$922$380
21 years$2,120$1,695$1,343$1,056$825$322
22 years$2,003$1,582$1,238$960$739$273
23 years$1,895$1,480$1,143$874$664$232
24 years$1,797$1,386$1,057$797$597$197
25 years$1,707$1,301$979$728$537$167
26 years$1,624$1,223$908$666$483$142
27 years$1,547$1,151$843$610$436$121
28 years$1,475$1,084$784$558$393$103
29 years$1,409$1,023$729$512$355$88
30 years$1,348$966$679$470$321$75
31 years$1,290$913$633$432$290$63
32 years$1,236$864$591$397$262$54
33 years$1,186$818$552$365$238$46
34 years$1,138$776$515$336$215$39
35 years$1,093$736$482$309$195$33
36 years$1,051$698$451$285$176$28
37 years$1,012$663$422$262$160$24
38 years$974$630$395$242$145$21
39 years$939$599$370$223$131$18
40 years$905$570$347$206$119$15
41 years$873$543$325$190$108$13
42 years$843$517$305$175$98$11
43 years$814$492$286$162$89$9
44 years$787$469$269$149$81$8
45 years$760$448$252$138$73$7
46 years$735$427$237$127$67$6
47 years$712$408$223$118$61$5
48 years$689$389$209$109$55$4
49 years$667$372$197$100$50$4
50 years$646$355$185$93$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $662,000, adding $6,517 every year, while hoping to spend $32,320 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: 51/38/11 Blend
62$662,000$662,000$662,000$662,000
63$736,246$701,160$690,899$771,327
64$776,955$701,129$679,656$795,971
65$820,733$700,013$666,953$818,767
66$867,859$697,725$652,707$842,804
67$918,639$694,172$636,832$868,208
68$973,410$689,256$619,235$895,119
69$1,032,542$682,873$599,823$923,691
70$1,096,440$674,912$578,496$954,099
71$1,165,550$665,257$555,149$986,535
72$1,240,364$653,782$529,675$1,021,212
73$1,321,421$640,357$501,958$1,058,368
74$1,409,314$624,842$471,882$1,098,268
75$1,504,694$607,090$439,320$1,141,206
76$1,608,280$586,944$404,144$1,187,507
77$1,720,860$564,240$366,218$1,237,533
78$1,843,301$538,802$325,401$1,291,688
79$1,976,560$510,445$281,544$1,350,417
80$2,121,686$478,974$234,492$1,414,215
81$2,279,836$444,181$184,086$1,483,631
82$2,452,282$405,849$130,155$1,559,274
83$2,640,424$363,745$72,525$1,641,820
84$2,845,804$317,625$11,011$1,732,015
85$3,070,119$267,232$0$1,830,690
86$3,315,236$212,291$0$1,945,174
87$3,583,211$152,515$0$2,071,870
88$3,876,310$87,599$0$2,210,633
89$4,197,025$17,223$0$2,362,738
90$4,548,100$0$0$2,529,591
91$4,932,559$0$0$2,737,401
92$5,353,730$0$0$2,973,011
93$5,815,279$0$0$3,231,280
94$6,321,244$0$0$3,514,476
95$6,876,070$0$0$3,825,097
96$7,484,656$0$0$4,165,893
97$8,152,394$0$0$4,539,896
98$8,885,228$0$0$4,950,443
99$9,689,701$0$0$5,401,211
100$10,573,023$0$0$5,896,251