Can I retire at age 63 with 677,000?

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 $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%12.5%
1 years$55,906$55,408$54,922$54,448$53,985$53,421
2 years$27,676$27,161$26,661$26,177$25,707$25,139
3 years$18,268$17,750$17,252$16,772$16,310$15,756
4 years$13,564$13,048$12,555$12,083$11,632$11,096
5 years$10,743$10,230$9,743$9,281$8,843$8,326
6 years$8,863$8,353$7,874$7,422$6,997$6,500
7 years$7,520$7,015$6,543$6,102$5,690$5,214
8 years$6,514$6,013$5,549$5,119$4,721$4,265
9 years$5,731$5,236$4,779$4,360$3,975$3,540
10 years$5,106$4,615$4,167$3,759$3,387$2,971
11 years$4,594$4,108$3,668$3,271$2,913$2,517
12 years$4,168$3,688$3,256$2,869$2,525$2,147
13 years$3,808$3,332$2,909$2,533$2,201$1,843
14 years$3,500$3,029$2,613$2,249$1,930$1,589
15 years$3,233$2,767$2,360$2,005$1,699$1,376
16 years$2,999$2,539$2,139$1,796$1,502$1,196
17 years$2,794$2,338$1,947$1,613$1,331$1,042
18 years$2,611$2,161$1,777$1,454$1,184$911
19 years$2,448$2,002$1,627$1,314$1,055$797
20 years$2,301$1,861$1,493$1,190$943$700
21 years$2,168$1,733$1,373$1,080$843$615
22 years$2,048$1,618$1,266$982$756$541
23 years$1,938$1,513$1,169$894$679$476
24 years$1,838$1,418$1,081$816$610$420
25 years$1,745$1,330$1,001$745$549$371
26 years$1,660$1,250$928$681$494$328
27 years$1,582$1,177$862$623$446$290
28 years$1,509$1,109$801$571$402$256
29 years$1,441$1,046$746$524$363$227
30 years$1,378$988$695$481$328$201
31 years$1,319$934$648$441$297$178
32 years$1,264$884$604$406$268$158
33 years$1,212$837$564$373$243$140
34 years$1,164$793$527$343$220$124
35 years$1,118$752$493$316$199$110
36 years$1,075$714$461$291$180$98
37 years$1,035$678$432$268$164$87
38 years$996$645$404$247$148$77
39 years$960$613$379$228$134$68
40 years$926$583$355$210$122$61
41 years$893$555$333$194$111$54
42 years$862$529$312$179$100$48
43 years$832$504$293$165$91$42
44 years$804$480$275$153$83$38
45 years$778$458$258$141$75$33
46 years$752$437$242$130$68$30
47 years$728$417$228$120$62$26
48 years$705$398$214$111$56$23
49 years$682$380$201$103$51$21
50 years$661$363$189$95$46$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $677,000, adding $5,801 every year, while hoping to spend $47,114 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: 44/41/15 Blend
62$677,000$677,000$677,000$677,000
63$752,038$716,157$705,663$781,637
64$778,617$701,119$679,174$787,878
65$806,328$683,766$650,218$789,473
66$835,236$663,934$618,664$790,182
67$865,413$641,450$584,372$789,946
68$896,936$616,131$547,199$788,700
69$929,885$587,784$506,992$786,377
70$964,352$556,204$463,595$782,908
71$1,000,433$521,174$416,842$778,222
72$1,038,231$482,466$366,561$772,245
73$1,077,862$439,838$312,571$764,899
74$1,119,447$393,034$254,686$756,105
75$1,163,121$341,782$192,708$745,781
76$1,209,028$285,799$126,433$733,844
77$1,257,327$224,781$55,646$720,207
78$1,308,189$158,410$0$704,781
79$1,361,802$86,349$0$690,661
80$1,418,368$8,243$0$684,283
81$1,478,111$0$0$676,676
82$1,541,272$0$0$702,204
83$1,608,116$0$0$733,194
84$1,678,932$0$0$766,065
85$1,754,035$0$0$800,968
86$1,833,769$0$0$838,070
87$1,918,512$0$0$877,551
88$2,008,677$0$0$919,610
89$2,104,714$0$0$964,464
90$2,207,118$0$0$1,012,352
91$2,316,431$0$0$1,063,534
92$2,433,246$0$0$1,118,296
93$2,558,213$0$0$1,176,951
94$2,692,045$0$0$1,239,844
95$2,835,524$0$0$1,307,352
96$2,989,508$0$0$1,379,888
97$3,154,938$0$0$1,457,907
98$3,332,848$0$0$1,541,909
99$3,524,372$0$0$1,632,440
100$3,730,755$0$0$1,730,103