Can I retire at age 63 with 678,000?

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 $678,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$55,989$55,490$55,003$54,528$54,065$53,345
2 years$27,717$27,201$26,701$26,216$25,745$25,021
3 years$18,295$17,776$17,277$16,797$16,334$15,628
4 years$13,584$13,067$12,573$12,101$11,649$10,967
5 years$10,759$10,245$9,757$9,295$8,856$8,199
6 years$8,876$8,366$7,885$7,433$7,007$6,377
7 years$7,531$7,026$6,553$6,111$5,699$5,096
8 years$6,523$6,022$5,557$5,126$4,728$4,151
9 years$5,740$5,243$4,787$4,367$3,981$3,431
10 years$5,113$4,622$4,173$3,764$3,392$2,868
11 years$4,601$4,115$3,674$3,276$2,917$2,419
12 years$4,174$3,693$3,260$2,873$2,528$2,054
13 years$3,814$3,337$2,913$2,537$2,205$1,755
14 years$3,505$3,034$2,617$2,252$1,933$1,507
15 years$3,238$2,771$2,363$2,008$1,702$1,299
16 years$3,004$2,543$2,142$1,798$1,504$1,123
17 years$2,798$2,342$1,950$1,616$1,333$974
18 years$2,615$2,164$1,780$1,456$1,186$847
19 years$2,451$2,005$1,629$1,316$1,057$738
20 years$2,304$1,863$1,495$1,192$944$644
21 years$2,172$1,736$1,375$1,081$845$563
22 years$2,051$1,620$1,268$983$757$492
23 years$1,941$1,515$1,170$895$680$432
24 years$1,840$1,420$1,082$817$611$379
25 years$1,748$1,332$1,003$746$550$332
26 years$1,663$1,252$930$682$495$292
27 years$1,584$1,179$863$624$446$257
28 years$1,511$1,111$803$572$403$226
29 years$1,443$1,048$747$524$364$199
30 years$1,380$989$696$481$329$175
31 years$1,321$935$649$442$297$154
32 years$1,266$885$605$406$269$136
33 years$1,214$838$565$374$243$120
34 years$1,166$794$528$344$220$106
35 years$1,120$753$494$316$199$93
36 years$1,077$715$462$291$181$82
37 years$1,036$679$432$269$164$72
38 years$998$645$405$248$149$64
39 years$961$614$379$228$135$56
40 years$927$584$355$210$122$50
41 years$894$556$333$194$111$44
42 years$863$529$313$179$101$39
43 years$834$504$293$165$91$34
44 years$806$481$275$153$83$30
45 years$779$458$259$141$75$27
46 years$753$437$243$130$68$24
47 years$729$417$228$120$62$21
48 years$706$398$214$111$56$18
49 years$683$381$202$103$51$16
50 years$662$363$189$95$46$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $678,000, adding $2,484 every year, while hoping to spend $24,662 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: 49/31/20 Blend
62$678,000$678,000$678,000$678,000
63$749,718$713,784$703,275$782,131
64$799,949$722,519$700,595$813,612
65$854,477$730,856$696,998$845,083
66$913,715$738,749$692,428$878,753
67$978,115$746,149$686,826$914,839
68$1,048,177$753,004$680,128$953,581
69$1,124,449$759,260$672,271$995,244
70$1,207,536$764,856$663,185$1,040,121
71$1,298,102$769,732$652,799$1,088,535
72$1,396,879$773,819$641,038$1,140,844
73$1,504,672$777,047$627,824$1,197,445
74$1,622,367$779,341$613,075$1,258,774
75$1,750,939$780,620$596,704$1,325,313
76$1,891,464$780,799$578,623$1,397,598
77$2,045,123$779,788$558,736$1,476,218
78$2,213,218$777,490$536,946$1,561,823
79$2,397,182$773,803$513,150$1,655,135
80$2,598,595$768,620$487,241$1,756,947
81$2,819,194$761,825$459,106$1,868,139
82$3,060,894$753,297$428,629$1,989,680
83$3,325,803$742,906$395,685$2,122,641
84$3,616,243$730,516$360,148$2,268,205
85$3,934,771$715,982$321,884$2,427,678
86$4,284,202$699,151$280,753$2,602,503
87$4,667,641$679,859$236,608$2,794,272
88$5,088,504$657,935$189,297$3,004,742
89$5,550,554$633,197$138,662$3,235,854
90$6,057,939$605,453$84,536$3,489,751
91$6,615,226$574,497$26,745$3,768,796
92$7,227,447$540,115$0$4,075,599
93$7,900,145$502,078$0$4,420,494
94$8,639,425$460,146$0$4,805,781
95$9,452,017$414,064$0$5,229,296
96$10,345,331$363,561$0$5,694,953
97$11,327,533$308,354$0$6,207,069
98$12,407,620$248,141$0$6,770,404
99$13,595,502$182,606$0$7,390,205
100$14,902,102$111,412$0$8,072,261