Can I retire at age 63 with 679,000?

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 $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%14.1%
1 years$56,071$55,572$55,084$54,609$54,144$53,226
2 years$27,758$27,241$26,740$26,254$25,783$24,860
3 years$18,322$17,802$17,303$16,821$16,358$15,460
4 years$13,604$13,087$12,592$12,119$11,667$10,800
5 years$10,775$10,260$9,772$9,308$8,869$8,036
6 years$8,889$8,378$7,897$7,444$7,018$6,220
7 years$7,542$7,036$6,562$6,120$5,707$4,945
8 years$6,533$6,031$5,566$5,134$4,735$4,008
9 years$5,748$5,251$4,794$4,373$3,987$3,295
10 years$5,121$4,629$4,179$3,770$3,397$2,739
11 years$4,608$4,121$3,679$3,281$2,922$2,297
12 years$4,181$3,698$3,265$2,878$2,532$1,940
13 years$3,819$3,342$2,917$2,541$2,208$1,647
14 years$3,510$3,038$2,621$2,255$1,935$1,406
15 years$3,242$2,775$2,367$2,011$1,704$1,204
16 years$3,008$2,546$2,146$1,801$1,506$1,035
17 years$2,802$2,345$1,952$1,618$1,335$892
18 years$2,619$2,167$1,782$1,458$1,187$770
19 years$2,455$2,008$1,632$1,318$1,058$667
20 years$2,308$1,866$1,497$1,193$945$578
21 years$2,175$1,738$1,377$1,083$846$502
22 years$2,054$1,623$1,269$985$758$436
23 years$1,944$1,518$1,172$897$681$379
24 years$1,843$1,422$1,084$818$612$331
25 years$1,751$1,334$1,004$747$551$288
26 years$1,665$1,254$931$683$496$251
27 years$1,586$1,180$865$625$447$219
28 years$1,513$1,112$804$573$403$192
29 years$1,445$1,049$748$525$364$167
30 years$1,382$991$697$482$329$146
31 years$1,323$937$650$443$298$128
32 years$1,268$886$606$407$269$112
33 years$1,216$839$566$374$244$98
34 years$1,167$795$529$344$221$86
35 years$1,122$755$494$317$200$75
36 years$1,078$716$462$292$181$66
37 years$1,038$680$433$269$164$57
38 years$999$646$405$248$149$50
39 years$963$615$380$229$135$44
40 years$928$585$356$211$122$39
41 years$896$557$334$194$111$34
42 years$864$530$313$179$101$30
43 years$835$505$294$166$91$26
44 years$807$482$276$153$83$23
45 years$780$459$259$141$75$20
46 years$754$438$243$131$68$17
47 years$730$418$228$121$62$15
48 years$707$399$215$111$56$13
49 years$684$381$202$103$51$12
50 years$663$364$190$95$47$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $679,000, adding $3,466 every year, while hoping to spend $39,835 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: 28/47/25 Blend
62$679,000$679,000$679,000$679,000
63$751,833$715,846$705,322$766,942
64$786,136$708,539$686,566$771,834
65$822,603$699,538$665,847$773,375
66$861,412$688,719$643,056$774,210
67$902,759$675,949$618,081$774,305
68$946,858$661,088$590,805$773,625
69$993,944$643,988$561,103$772,140
70$1,044,273$624,491$528,848$769,816
71$1,098,129$602,430$493,903$766,625
72$1,155,818$577,629$456,129$762,537
73$1,217,681$549,902$415,379$757,529
74$1,284,088$519,052$371,498$751,578
75$1,355,449$484,869$324,327$744,665
76$1,432,211$447,133$273,698$736,777
77$1,514,865$405,612$219,436$727,906
78$1,603,952$360,057$161,357$718,049
79$1,700,065$310,210$99,272$707,211
80$1,803,855$255,794$32,982$695,408
81$1,916,039$196,518$0$682,662
82$2,037,404$132,077$0$679,082
83$2,168,814$62,144$0$684,689
84$2,311,222$0$0$690,798
85$2,465,673$0$0$704,598
86$2,633,317$0$0$754,556
87$2,815,420$0$0$808,919
88$3,013,372$0$0$868,115
89$3,228,705$0$0$932,615
90$3,463,103$0$0$1,002,937
91$3,718,419$0$0$1,079,649
92$3,996,693$0$0$1,163,381
93$4,300,169$0$0$1,254,822
94$4,631,318$0$0$1,354,732
95$4,992,859$0$0$1,463,948
96$5,387,785$0$0$1,583,392
97$5,819,392$0$0$1,714,078
98$6,291,308$0$0$1,857,123
99$6,807,526$0$0$2,013,758
100$7,372,446$0$0$2,185,336