Can I retire at age 63 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$56,071$55,572$55,084$54,609$54,144$52,120
2 years$27,758$27,241$26,740$26,254$25,783$23,766
3 years$18,322$17,802$17,303$16,821$16,358$14,413
4 years$13,604$13,087$12,592$12,119$11,667$9,808
5 years$10,775$10,260$9,772$9,308$8,869$7,101
6 years$8,889$8,378$7,897$7,444$7,018$5,342
7 years$7,542$7,036$6,562$6,120$5,707$4,124
8 years$6,533$6,031$5,566$5,134$4,735$3,242
9 years$5,748$5,251$4,794$4,373$3,987$2,582
10 years$5,121$4,629$4,179$3,770$3,397$2,078
11 years$4,608$4,121$3,679$3,281$2,922$1,686
12 years$4,181$3,698$3,265$2,878$2,532$1,376
13 years$3,819$3,342$2,917$2,541$2,208$1,128
14 years$3,510$3,038$2,621$2,255$1,935$929
15 years$3,242$2,775$2,367$2,011$1,704$767
16 years$3,008$2,546$2,146$1,801$1,506$635
17 years$2,802$2,345$1,952$1,618$1,335$527
18 years$2,619$2,167$1,782$1,458$1,187$438
19 years$2,455$2,008$1,632$1,318$1,058$365
20 years$2,308$1,866$1,497$1,193$945$304
21 years$2,175$1,738$1,377$1,083$846$253
22 years$2,054$1,623$1,269$985$758$212
23 years$1,944$1,518$1,172$897$681$177
24 years$1,843$1,422$1,084$818$612$148
25 years$1,751$1,334$1,004$747$551$124
26 years$1,665$1,254$931$683$496$103
27 years$1,586$1,180$865$625$447$86
28 years$1,513$1,112$804$573$403$72
29 years$1,445$1,049$748$525$364$61
30 years$1,382$991$697$482$329$51
31 years$1,323$937$650$443$298$43
32 years$1,268$886$606$407$269$36
33 years$1,216$839$566$374$244$30
34 years$1,167$795$529$344$221$25
35 years$1,122$755$494$317$200$21
36 years$1,078$716$462$292$181$18
37 years$1,038$680$433$269$164$15
38 years$999$646$405$248$149$12
39 years$963$615$380$229$135$10
40 years$928$585$356$211$122$9
41 years$896$557$334$194$111$7
42 years$864$530$313$179$101$6
43 years$835$505$294$166$91$5
44 years$807$482$276$153$83$4
45 years$780$459$259$141$75$4
46 years$754$438$243$131$68$3
47 years$730$418$228$121$62$3
48 years$707$399$215$111$56$2
49 years$684$381$202$103$51$2
50 years$663$364$190$95$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $679,000, adding $4,403 every year, while hoping to spend $38,179 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: 73/8/19 Blend
62$679,000$679,000$679,000$679,000
63$752,800$716,813$706,288$804,058
64$788,963$711,314$689,327$833,185
65$827,536$704,267$670,517$860,038
66$868,723$695,554$649,758$888,476
67$912,749$685,053$626,942$918,647
68$959,862$672,634$601,957$950,718
69$1,010,332$658,156$574,686$984,872
70$1,064,455$641,476$545,008$1,021,311
71$1,122,558$622,436$512,794$1,060,260
72$1,184,997$600,874$477,911$1,101,965
73$1,252,166$576,616$440,220$1,146,701
74$1,324,494$549,477$399,574$1,194,771
75$1,402,454$519,263$355,822$1,246,508
76$1,486,567$485,769$308,804$1,302,282
77$1,577,402$448,778$258,355$1,362,502
78$1,675,588$408,058$204,300$1,427,619
79$1,781,813$363,369$146,459$1,498,132
80$1,896,836$314,451$84,644$1,574,592
81$2,021,489$261,036$18,655$1,657,609
82$2,156,689$202,834$0$1,747,853
83$2,303,443$139,545$0$1,856,564
84$2,462,859$70,848$0$1,978,786
85$2,636,156$0$0$2,111,684
86$2,824,676$0$0$2,256,623
87$3,029,892$0$0$2,421,217
88$3,253,430$0$0$2,600,533
89$3,497,075$0$0$2,796,009
90$3,762,793$0$0$3,009,225
91$4,052,748$0$0$3,241,922
92$4,369,322$0$0$3,496,016
93$4,715,138$0$0$3,773,614
94$5,093,082$0$0$4,077,040
95$5,506,331$0$0$4,408,848
96$5,958,384$0$0$4,771,852
97$6,453,096$0$0$5,169,153
98$6,994,706$0$0$5,604,161
99$7,587,889$0$0$6,080,634
100$8,237,786$0$0$6,602,710