Can I retire at age 63 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$55,906$55,408$54,922$54,448$53,985$52,531
2 years$27,676$27,161$26,661$26,177$25,707$24,252
3 years$18,268$17,750$17,252$16,772$16,310$14,900
4 years$13,564$13,048$12,555$12,083$11,632$10,278
5 years$10,743$10,230$9,743$9,281$8,843$7,548
6 years$8,863$8,353$7,874$7,422$6,997$5,763
7 years$7,520$7,015$6,543$6,102$5,690$4,518
8 years$6,514$6,013$5,549$5,119$4,721$3,608
9 years$5,731$5,236$4,779$4,360$3,975$2,923
10 years$5,106$4,615$4,167$3,759$3,387$2,392
11 years$4,594$4,108$3,668$3,271$2,913$1,975
12 years$4,168$3,688$3,256$2,869$2,525$1,641
13 years$3,808$3,332$2,909$2,533$2,201$1,370
14 years$3,500$3,029$2,613$2,249$1,930$1,150
15 years$3,233$2,767$2,360$2,005$1,699$968
16 years$2,999$2,539$2,139$1,796$1,502$817
17 years$2,794$2,338$1,947$1,613$1,331$691
18 years$2,611$2,161$1,777$1,454$1,184$586
19 years$2,448$2,002$1,627$1,314$1,055$498
20 years$2,301$1,861$1,493$1,190$943$424
21 years$2,168$1,733$1,373$1,080$843$361
22 years$2,048$1,618$1,266$982$756$308
23 years$1,938$1,513$1,169$894$679$263
24 years$1,838$1,418$1,081$816$610$224
25 years$1,745$1,330$1,001$745$549$192
26 years$1,660$1,250$928$681$494$164
27 years$1,582$1,177$862$623$446$140
28 years$1,509$1,109$801$571$402$120
29 years$1,441$1,046$746$524$363$103
30 years$1,378$988$695$481$328$88
31 years$1,319$934$648$441$297$75
32 years$1,264$884$604$406$268$64
33 years$1,212$837$564$373$243$55
34 years$1,164$793$527$343$220$47
35 years$1,118$752$493$316$199$41
36 years$1,075$714$461$291$180$35
37 years$1,035$678$432$268$164$30
38 years$996$645$404$247$148$26
39 years$960$613$379$228$134$22
40 years$926$583$355$210$122$19
41 years$893$555$333$194$111$16
42 years$862$529$312$179$100$14
43 years$832$504$293$165$91$12
44 years$804$480$275$153$83$10
45 years$778$458$258$141$75$9
46 years$752$437$242$130$68$7
47 years$728$417$228$120$62$6
48 years$705$398$214$111$56$5
49 years$682$380$201$103$51$5
50 years$661$363$189$95$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $677,000, adding $4,978 every year, while hoping to spend $54,126 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: 65/6/29 Blend
62$677,000$677,000$677,000$677,000
63$751,189$715,308$704,814$793,936
64$770,220$692,768$670,836$800,918
65$789,379$667,310$633,905$802,114
66$808,621$638,733$593,866$802,246
67$827,895$606,826$550,556$801,215
68$847,144$571,365$503,803$798,916
69$866,303$532,112$453,431$795,234
70$885,298$488,817$399,253$790,044
71$904,045$441,216$341,074$783,213
72$922,451$389,029$278,693$774,593
73$940,409$331,959$211,897$764,028
74$957,800$269,695$140,466$751,347
75$974,492$201,906$64,167$736,364
76$990,335$128,244$0$718,879
77$1,005,162$48,340$0$704,013
78$1,018,786$0$0$707,726
79$1,030,999$0$0$712,488
80$1,041,569$0$0$719,240
81$1,050,238$0$0$724,605
82$1,056,718$0$0$728,374
83$1,060,688$0$0$730,319
84$1,061,793$0$0$730,182
85$1,059,638$0$0$727,682
86$1,053,783$0$0$722,501
87$1,043,742$0$0$714,290
88$1,028,975$0$0$702,662
89$1,008,883$0$0$687,187
90$982,803$0$0$667,388
91$949,999$0$0$642,738
92$909,658$0$0$612,653
93$860,879$0$0$576,486
94$802,666$0$0$533,523
95$733,915$0$0$482,972
96$653,407$0$0$423,958
97$559,793$0$0$355,514
98$451,583$0$0$276,570
99$327,127$0$0$185,945
100$184,606$0$0$82,334