Can I retire at age 63 with 674,000?

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 $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%16.1%
1 years$55,658$55,163$54,679$54,207$53,746$52,404
2 years$27,554$27,040$26,543$26,061$25,593$24,250
3 years$18,187$17,671$17,175$16,697$16,237$14,934
4 years$13,504$12,990$12,499$12,030$11,581$10,328
5 years$10,695$10,184$9,700$9,240$8,803$7,605
6 years$8,823$8,316$7,839$7,389$6,966$5,823
7 years$7,487$6,984$6,514$6,075$5,665$4,577
8 years$6,485$5,987$5,525$5,096$4,700$3,667
9 years$5,706$5,212$4,758$4,341$3,958$2,979
10 years$5,083$4,595$4,148$3,742$3,372$2,446
11 years$4,574$4,090$3,652$3,257$2,900$2,025
12 years$4,150$3,671$3,241$2,856$2,513$1,688
13 years$3,791$3,318$2,896$2,522$2,192$1,415
14 years$3,484$3,016$2,602$2,239$1,921$1,191
15 years$3,218$2,755$2,349$1,996$1,692$1,006
16 years$2,986$2,528$2,130$1,788$1,495$852
17 years$2,781$2,328$1,938$1,606$1,326$724
18 years$2,599$2,151$1,769$1,447$1,179$616
19 years$2,437$1,993$1,620$1,308$1,051$526
20 years$2,291$1,852$1,486$1,185$938$449
21 years$2,159$1,725$1,367$1,075$840$384
22 years$2,039$1,611$1,260$977$753$328
23 years$1,930$1,506$1,163$890$676$281
24 years$1,830$1,411$1,076$812$607$241
25 years$1,738$1,325$997$741$546$207
26 years$1,653$1,245$924$678$492$178
27 years$1,575$1,172$858$621$444$153
28 years$1,502$1,104$798$569$400$131
29 years$1,435$1,041$743$521$362$113
30 years$1,372$984$692$479$327$97
31 years$1,313$930$645$439$295$83
32 years$1,258$880$602$404$267$72
33 years$1,207$833$562$371$242$62
34 years$1,159$790$525$342$219$53
35 years$1,113$749$491$315$198$46
36 years$1,070$711$459$290$180$39
37 years$1,030$675$430$267$163$34
38 years$992$642$402$246$148$29
39 years$956$610$377$227$134$25
40 years$921$581$353$209$121$22
41 years$889$553$331$193$110$19
42 years$858$526$311$178$100$16
43 years$829$501$292$164$91$14
44 years$801$478$274$152$82$12
45 years$774$456$257$140$75$10
46 years$749$435$241$130$68$9
47 years$725$415$227$120$62$8
48 years$701$396$213$111$56$7
49 years$679$378$200$102$51$6
50 years$658$361$188$94$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $674,000, adding $4,645 every year, while hoping to spend $32,732 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: 60/30/10 Blend
62$674,000$674,000$674,000$674,000
63$747,539$711,817$701,370$790,389
64$788,962$711,870$690,040$819,763
65$833,512$710,828$677,232$847,655
66$881,475$708,603$662,864$877,272
67$933,163$705,102$646,848$908,784
68$988,919$700,226$629,091$942,376
69$1,049,121$693,868$609,497$978,254
70$1,114,182$685,918$587,966$1,016,646
71$1,184,557$676,258$564,392$1,057,807
72$1,260,748$664,760$538,665$1,102,015
73$1,343,305$651,294$510,670$1,149,582
74$1,432,832$635,717$480,288$1,200,850
75$1,529,994$617,881$447,391$1,256,199
76$1,635,525$597,628$411,850$1,316,052
77$1,750,227$574,791$373,526$1,380,872
78$1,874,988$549,193$332,276$1,451,175
79$2,010,781$520,648$287,951$1,527,531
80$2,158,677$488,956$240,395$1,610,570
81$2,319,857$453,910$189,443$1,700,990
82$2,495,619$415,288$134,926$1,799,563
83$2,687,392$372,857$76,665$1,907,140
84$2,896,747$326,368$14,475$2,024,666
85$3,125,418$275,562$0$2,153,182
86$3,375,308$220,162$0$2,299,378
87$3,648,516$159,878$0$2,461,000
88$3,947,353$94,400$0$2,637,931
89$4,274,363$23,405$0$2,831,752
90$4,632,345$0$0$3,044,205
91$5,024,384$0$0$3,294,863
92$5,453,876$0$0$3,577,984
93$5,924,563$0$0$3,888,317
94$6,440,563$0$0$4,228,582
95$7,006,413$0$0$4,601,780
96$7,627,111$0$0$5,011,213
97$8,308,160$0$0$5,460,520
98$9,055,623$0$0$5,953,709
99$9,876,179$0$0$6,495,193
100$10,777,183$0$0$7,089,837