Can I retire at age 63 with 673,000?

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 $673,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$55,576$55,081$54,598$54,126$53,666$53,305
2 years$27,513$27,000$26,504$26,022$25,555$25,192
3 years$18,160$17,645$17,150$16,673$16,213$15,858
4 years$13,484$12,971$12,481$12,012$11,563$11,219
5 years$10,679$10,169$9,685$9,226$8,790$8,458
6 years$8,810$8,304$7,827$7,378$6,956$6,635
7 years$7,476$6,974$6,504$6,066$5,657$5,349
8 years$6,475$5,978$5,516$5,089$4,693$4,398
9 years$5,697$5,205$4,751$4,334$3,952$3,669
10 years$5,076$4,588$4,142$3,736$3,367$3,097
11 years$4,567$4,084$3,647$3,252$2,896$2,638
12 years$4,144$3,666$3,236$2,852$2,510$2,263
13 years$3,786$3,313$2,891$2,518$2,188$1,954
14 years$3,479$3,011$2,598$2,235$1,918$1,695
15 years$3,214$2,751$2,346$1,993$1,689$1,477
16 years$2,982$2,524$2,127$1,785$1,493$1,291
17 years$2,777$2,324$1,935$1,604$1,324$1,132
18 years$2,596$2,148$1,767$1,445$1,177$996
19 years$2,433$1,991$1,617$1,306$1,049$877
20 years$2,287$1,850$1,484$1,183$937$775
21 years$2,155$1,723$1,365$1,073$838$685
22 years$2,036$1,608$1,258$976$752$607
23 years$1,927$1,504$1,162$889$675$539
24 years$1,827$1,409$1,074$811$606$478
25 years$1,735$1,323$995$740$546$425
26 years$1,651$1,243$923$677$492$378
27 years$1,572$1,170$857$620$443$337
28 years$1,500$1,102$797$568$400$300
29 years$1,433$1,040$741$521$361$268
30 years$1,370$982$691$478$326$239
31 years$1,311$928$644$439$295$213
32 years$1,257$878$601$403$267$190
33 years$1,205$832$561$371$241$170
34 years$1,157$788$524$341$219$152
35 years$1,112$748$490$314$198$136
36 years$1,069$710$458$289$179$121
37 years$1,029$674$429$267$163$108
38 years$990$641$402$246$147$97
39 years$954$609$376$227$134$87
40 years$920$580$353$209$121$78
41 years$888$552$331$193$110$69
42 years$857$525$310$178$100$62
43 years$828$501$291$164$91$56
44 years$800$477$273$152$82$50
45 years$773$455$257$140$75$45
46 years$748$434$241$129$68$40
47 years$723$414$226$120$62$36
48 years$700$396$213$110$56$32
49 years$678$378$200$102$51$29
50 years$657$361$188$94$46$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $673,000, adding $3,271 every year, while hoping to spend $39,539 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: 25/49/26 Blend
62$673,000$673,000$673,000$673,000
63$745,020$709,351$698,920$757,477
64$778,943$702,040$680,264$760,697
65$815,001$693,046$659,659$760,548
66$853,369$682,244$636,996$759,556
67$894,242$669,502$612,164$757,677
68$937,829$654,682$585,046$754,865
69$984,362$637,636$555,519$751,076
70$1,034,093$618,207$523,456$746,265
71$1,087,301$596,229$488,722$740,387
72$1,144,290$571,528$451,178$733,398
73$1,205,393$543,919$410,678$725,257
74$1,270,977$513,205$367,069$715,921
75$1,341,443$479,178$320,193$705,354
76$1,417,233$441,621$269,882$693,519
77$1,498,831$400,300$215,963$680,383
78$1,586,768$354,972$158,255$665,919
79$1,681,630$305,377$96,568$650,104
80$1,784,057$251,241$30,704$632,921
81$1,894,755$192,276$0$614,361
82$2,014,500$128,177$0$605,403
83$2,144,142$58,621$0$604,880
84$2,284,619$0$0$604,346
85$2,436,960$0$0$612,923
86$2,602,299$0$0$656,632
87$2,781,880$0$0$704,207
88$2,977,074$0$0$756,024
89$3,189,388$0$0$812,496
90$3,420,482$0$0$874,077
91$3,672,178$0$0$941,269
92$3,946,486$0$0$1,014,623
93$4,245,615$0$0$1,094,745
94$4,571,998$0$0$1,182,303
95$4,928,312$0$0$1,278,033
96$5,317,504$0$0$1,382,745
97$5,742,819$0$0$1,497,329
98$6,207,828$0$0$1,622,767
99$6,716,464$0$0$1,760,140
100$7,273,057$0$0$1,910,639