Can I retire at age 63 with 676,000?

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 $676,000?

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$55,823$55,326$54,841$54,368$53,905$53,298
2 years$27,635$27,121$26,622$26,138$25,669$25,058
3 years$18,241$17,724$17,226$16,747$16,286$15,689
4 years$13,544$13,029$12,536$12,065$11,615$11,038
5 years$10,727$10,215$9,729$9,267$8,830$8,274
6 years$8,849$8,341$7,862$7,411$6,987$6,453
7 years$7,509$7,005$6,533$6,093$5,682$5,170
8 years$6,504$6,004$5,541$5,111$4,714$4,224
9 years$5,723$5,228$4,772$4,354$3,970$3,502
10 years$5,098$4,608$4,161$3,753$3,382$2,936
11 years$4,587$4,102$3,663$3,266$2,909$2,484
12 years$4,162$3,682$3,251$2,865$2,521$2,116
13 years$3,803$3,328$2,904$2,529$2,198$1,814
14 years$3,495$3,025$2,610$2,245$1,927$1,562
15 years$3,228$2,763$2,356$2,002$1,697$1,351
16 years$2,995$2,535$2,136$1,793$1,499$1,172
17 years$2,789$2,335$1,944$1,611$1,330$1,020
18 years$2,607$2,157$1,774$1,452$1,182$890
19 years$2,444$1,999$1,624$1,312$1,054$778
20 years$2,298$1,858$1,491$1,188$941$682
21 years$2,165$1,731$1,371$1,078$842$598
22 years$2,045$1,615$1,264$980$755$526
23 years$1,935$1,511$1,167$893$678$462
24 years$1,835$1,416$1,079$814$609$407
25 years$1,743$1,328$1,000$744$548$359
26 years$1,658$1,249$927$680$494$316
27 years$1,579$1,175$861$622$445$279
28 years$1,507$1,107$800$570$402$247
29 years$1,439$1,045$745$523$363$218
30 years$1,376$986$694$480$328$193
31 years$1,317$933$647$441$296$170
32 years$1,262$882$603$405$268$151
33 years$1,211$836$563$373$243$134
34 years$1,162$792$526$343$220$118
35 years$1,117$751$492$316$199$105
36 years$1,074$713$460$291$180$93
37 years$1,033$677$431$268$163$82
38 years$995$644$404$247$148$73
39 years$959$612$378$228$134$65
40 years$924$582$354$210$122$57
41 years$892$554$332$194$110$51
42 years$861$528$312$179$100$45
43 years$831$503$292$165$91$40
44 years$803$479$275$152$83$35
45 years$776$457$258$141$75$31
46 years$751$436$242$130$68$28
47 years$727$416$227$120$62$25
48 years$703$397$214$111$56$22
49 years$681$379$201$103$51$19
50 years$660$362$189$95$46$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $676,000, adding $6,097 every year, while hoping to spend $34,990 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: 43/45/12 Blend
62$676,000$676,000$676,000$676,000
63$751,241$715,413$704,935$780,680
64$790,639$713,239$691,321$799,678
65$832,882$709,786$676,079$816,257
66$878,224$704,954$659,116$833,443
67$926,944$698,638$640,337$851,306
68$979,346$690,725$619,642$869,925
69$1,035,765$681,096$596,926$889,390
70$1,096,570$669,627$572,080$909,803
71$1,162,164$656,182$544,989$931,278
72$1,232,992$640,622$515,533$953,945
73$1,309,542$622,797$483,587$977,947
74$1,392,349$602,548$449,021$1,003,449
75$1,482,003$579,707$411,698$1,030,633
76$1,579,152$554,098$371,475$1,059,707
77$1,684,509$525,533$328,203$1,090,899
78$1,798,858$493,812$281,727$1,124,470
79$1,923,060$458,728$231,883$1,160,707
80$2,058,063$420,056$178,502$1,199,935
81$2,204,910$377,564$121,406$1,242,515
82$2,364,749$331,002$60,411$1,288,851
83$2,538,841$280,109$0$1,339,394
84$2,728,577$224,609$0$1,395,246
85$2,935,486$164,209$0$1,464,662
86$3,161,250$98,599$0$1,540,550
87$3,407,722$27,455$0$1,623,634
88$3,676,941$0$0$1,714,717
89$3,971,151$0$0$1,839,238
90$4,292,825$0$0$1,990,326
91$4,644,682$0$0$2,155,675
92$5,029,720$0$0$2,336,704
93$5,451,237$0$0$2,534,974
94$5,912,866$0$0$2,752,204
95$6,418,607$0$0$2,990,290
96$6,972,867$0$0$3,251,318
97$7,580,498$0$0$3,537,586
98$8,246,843$0$0$3,851,623
99$8,977,790$0$0$4,196,218
100$9,779,821$0$0$4,574,442