Can I retire at age 63 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$56,154$55,654$55,166$54,689$54,224$53,043
2 years$27,799$27,281$26,779$26,293$25,821$24,637
3 years$18,349$17,829$17,328$16,846$16,382$15,232
4 years$13,624$13,106$12,610$12,137$11,684$10,576
5 years$10,790$10,275$9,786$9,322$8,882$7,820
6 years$8,902$8,390$7,909$7,455$7,028$6,014
7 years$7,553$7,046$6,572$6,129$5,716$4,749
8 years$6,542$6,040$5,574$5,142$4,742$3,822
9 years$5,757$5,259$4,801$4,379$3,993$3,120
10 years$5,128$4,635$4,185$3,775$3,402$2,574
11 years$4,615$4,127$3,685$3,286$2,926$2,143
12 years$4,187$3,704$3,270$2,882$2,536$1,795
13 years$3,825$3,347$2,922$2,544$2,211$1,513
14 years$3,515$3,043$2,625$2,258$1,938$1,280
15 years$3,247$2,779$2,370$2,014$1,707$1,088
16 years$3,013$2,550$2,149$1,803$1,508$927
17 years$2,806$2,348$1,955$1,620$1,337$792
18 years$2,622$2,170$1,785$1,460$1,189$678
19 years$2,459$2,011$1,634$1,320$1,060$582
20 years$2,311$1,869$1,500$1,195$947$500
21 years$2,178$1,741$1,379$1,085$847$430
22 years$2,057$1,625$1,271$986$759$370
23 years$1,947$1,520$1,174$898$682$319
24 years$1,846$1,424$1,086$819$613$275
25 years$1,753$1,336$1,005$748$551$238
26 years$1,668$1,256$933$684$497$205
27 years$1,589$1,182$866$626$448$178
28 years$1,516$1,114$805$574$404$154
29 years$1,448$1,051$749$526$365$133
30 years$1,384$992$698$483$330$115
31 years$1,325$938$651$443$298$100
32 years$1,270$888$607$407$270$86
33 years$1,218$841$567$375$244$75
34 years$1,169$797$530$345$221$65
35 years$1,123$756$495$317$200$56
36 years$1,080$717$463$292$181$49
37 years$1,039$681$433$269$164$42
38 years$1,001$647$406$248$149$36
39 years$964$616$380$229$135$32
40 years$930$586$356$211$123$27
41 years$897$558$334$195$111$24
42 years$866$531$314$180$101$21
43 years$836$506$294$166$92$18
44 years$808$482$276$153$83$15
45 years$781$460$259$141$75$13
46 years$755$439$244$131$68$12
47 years$731$419$229$121$62$10
48 years$708$400$215$112$56$9
49 years$685$382$202$103$51$8
50 years$664$365$190$95$47$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $680,000, adding $4,333 every year, while hoping to spend $40,935 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: 73/14/13 Blend
62$680,000$680,000$680,000$680,000
63$753,829$717,789$707,249$806,480
64$787,166$709,407$687,388$833,512
65$822,530$699,241$665,489$857,644
66$860,086$687,162$641,441$882,973
67$900,014$673,032$615,128$909,607
68$942,508$656,703$586,427$937,667
69$987,783$638,021$555,212$967,285
70$1,036,075$616,822$521,350$998,608
71$1,087,639$592,931$484,700$1,031,798
72$1,142,759$566,165$445,118$1,067,037
73$1,201,742$536,329$402,451$1,104,523
74$1,264,929$503,218$356,541$1,144,478
75$1,332,689$466,613$307,223$1,187,147
76$1,405,431$426,284$254,323$1,232,800
77$1,483,602$381,990$197,660$1,281,738
78$1,567,693$333,471$137,045$1,334,293
79$1,658,244$280,457$72,282$1,390,832
80$1,755,846$222,661$3,165$1,451,762
81$1,861,150$159,779$0$1,517,533
82$1,974,871$91,491$0$1,598,436
83$2,097,793$17,460$0$1,686,333
84$2,230,781$0$0$1,781,427
85$2,374,782$0$0$1,894,082
86$2,530,839$0$0$2,019,109
87$2,700,101$0$0$2,154,742
88$2,883,827$0$0$2,301,995
89$3,083,405$0$0$2,461,983
90$3,300,360$0$0$2,635,933
91$3,536,373$0$0$2,825,195
92$3,793,289$0$0$3,031,254
93$4,073,141$0$0$3,255,744
94$4,378,166$0$0$3,500,465
95$4,710,824$0$0$3,767,395
96$5,073,825$0$0$4,058,713
97$5,470,151$0$0$4,376,817
98$5,903,084$0$0$4,724,348
99$6,376,238$0$0$5,104,212
100$6,893,592$0$0$5,519,608