Can I retire at age 63 with 674,000?

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 $674,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$55,658$55,163$54,679$54,207$53,746$53,140
2 years$27,554$27,040$26,543$26,061$25,593$24,984
3 years$18,187$17,671$17,175$16,697$16,237$15,643
4 years$13,504$12,990$12,499$12,030$11,581$11,005
5 years$10,695$10,184$9,700$9,240$8,803$8,249
6 years$8,823$8,316$7,839$7,389$6,966$6,434
7 years$7,487$6,984$6,514$6,075$5,665$5,155
8 years$6,485$5,987$5,525$5,096$4,700$4,211
9 years$5,706$5,212$4,758$4,341$3,958$3,491
10 years$5,083$4,595$4,148$3,742$3,372$2,927
11 years$4,574$4,090$3,652$3,257$2,900$2,476
12 years$4,150$3,671$3,241$2,856$2,513$2,110
13 years$3,791$3,318$2,896$2,522$2,192$1,809
14 years$3,484$3,016$2,602$2,239$1,921$1,558
15 years$3,218$2,755$2,349$1,996$1,692$1,347
16 years$2,986$2,528$2,130$1,788$1,495$1,169
17 years$2,781$2,328$1,938$1,606$1,326$1,017
18 years$2,599$2,151$1,769$1,447$1,179$888
19 years$2,437$1,993$1,620$1,308$1,051$776
20 years$2,291$1,852$1,486$1,185$938$680
21 years$2,159$1,725$1,367$1,075$840$596
22 years$2,039$1,611$1,260$977$753$524
23 years$1,930$1,506$1,163$890$676$461
24 years$1,830$1,411$1,076$812$607$406
25 years$1,738$1,325$997$741$546$358
26 years$1,653$1,245$924$678$492$316
27 years$1,575$1,172$858$621$444$279
28 years$1,502$1,104$798$569$400$246
29 years$1,435$1,041$743$521$362$217
30 years$1,372$984$692$479$327$192
31 years$1,313$930$645$439$295$170
32 years$1,258$880$602$404$267$150
33 years$1,207$833$562$371$242$133
34 years$1,159$790$525$342$219$118
35 years$1,113$749$491$315$198$104
36 years$1,070$711$459$290$180$92
37 years$1,030$675$430$267$163$82
38 years$992$642$402$246$148$73
39 years$956$610$377$227$134$64
40 years$921$581$353$209$121$57
41 years$889$553$331$193$110$51
42 years$858$526$311$178$100$45
43 years$829$501$292$164$91$40
44 years$801$478$274$152$82$35
45 years$774$456$257$140$75$31
46 years$749$435$241$130$68$28
47 years$725$415$227$120$62$25
48 years$701$396$213$111$56$22
49 years$679$378$200$102$51$19
50 years$658$361$188$94$46$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $674,000, adding $6,329 every year, while hoping to spend $39,608 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: 49/43/8 Blend
62$674,000$674,000$674,000$674,000
63$749,276$713,554$703,107$784,109
64$783,560$706,376$684,519$801,435
65$820,013$697,518$663,980$815,523
66$858,815$686,857$641,384$829,899
67$900,162$674,261$616,619$844,601
68$944,270$659,591$589,567$859,672
69$991,374$642,700$560,105$875,163
70$1,041,732$623,430$528,107$891,132
71$1,095,628$601,618$493,438$907,647
72$1,153,372$577,087$455,958$924,785
73$1,215,305$549,653$415,521$942,635
74$1,281,799$519,119$371,975$961,297
75$1,353,266$485,279$325,159$980,886
76$1,430,156$447,914$274,908$1,001,534
77$1,512,962$406,792$221,048$1,023,387
78$1,602,227$361,669$163,397$1,046,615
79$1,698,549$312,285$101,765$1,071,406
80$1,802,581$258,367$35,954$1,097,976
81$1,915,044$199,627$0$1,126,565
82$2,036,730$135,760$0$1,160,371
83$2,168,507$66,443$0$1,200,241
84$2,311,333$0$0$1,243,464
85$2,466,258$0$0$1,294,546
86$2,634,440$0$0$1,384,190
87$2,817,150$0$0$1,481,641
88$3,015,787$0$0$1,587,655
89$3,231,891$0$0$1,703,061
90$3,467,154$0$0$1,828,773
91$3,723,442$0$0$1,965,796
92$4,002,804$0$0$2,115,235
93$4,307,497$0$0$2,278,308
94$4,640,006$0$0$2,456,355
95$5,003,065$0$0$2,650,851
96$5,399,683$0$0$2,863,420
97$5,833,176$0$0$3,095,849
98$6,307,191$0$0$3,350,108
99$6,825,744$0$0$3,628,364
100$7,393,260$0$0$3,933,003