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%15.7%
1 years$56,154$55,654$55,166$54,689$54,224$52,956
2 years$27,799$27,281$26,779$26,293$25,821$24,551
3 years$18,349$17,829$17,328$16,846$16,382$15,149
4 years$13,624$13,106$12,610$12,137$11,684$10,498
5 years$10,790$10,275$9,786$9,322$8,882$7,746
6 years$8,902$8,390$7,909$7,455$7,028$5,944
7 years$7,553$7,046$6,572$6,129$5,716$4,683
8 years$6,542$6,040$5,574$5,142$4,742$3,760
9 years$5,757$5,259$4,801$4,379$3,993$3,062
10 years$5,128$4,635$4,185$3,775$3,402$2,520
11 years$4,615$4,127$3,685$3,286$2,926$2,092
12 years$4,187$3,704$3,270$2,882$2,536$1,749
13 years$3,825$3,347$2,922$2,544$2,211$1,469
14 years$3,515$3,043$2,625$2,258$1,938$1,240
15 years$3,247$2,779$2,370$2,014$1,707$1,051
16 years$3,013$2,550$2,149$1,803$1,508$893
17 years$2,806$2,348$1,955$1,620$1,337$761
18 years$2,622$2,170$1,785$1,460$1,189$649
19 years$2,459$2,011$1,634$1,320$1,060$555
20 years$2,311$1,869$1,500$1,195$947$476
21 years$2,178$1,741$1,379$1,085$847$408
22 years$2,057$1,625$1,271$986$759$350
23 years$1,947$1,520$1,174$898$682$301
24 years$1,846$1,424$1,086$819$613$259
25 years$1,753$1,336$1,005$748$551$223
26 years$1,668$1,256$933$684$497$192
27 years$1,589$1,182$866$626$448$165
28 years$1,516$1,114$805$574$404$143
29 years$1,448$1,051$749$526$365$123
30 years$1,384$992$698$483$330$106
31 years$1,325$938$651$443$298$91
32 years$1,270$888$607$407$270$79
33 years$1,218$841$567$375$244$68
34 years$1,169$797$530$345$221$59
35 years$1,123$756$495$317$200$51
36 years$1,080$717$463$292$181$44
37 years$1,039$681$433$269$164$38
38 years$1,001$647$406$248$149$33
39 years$964$616$380$229$135$28
40 years$930$586$356$211$123$24
41 years$897$558$334$195$111$21
42 years$866$531$314$180$101$18
43 years$836$506$294$166$92$16
44 years$808$482$276$153$83$14
45 years$781$460$259$141$75$12
46 years$755$439$244$131$68$10
47 years$731$419$229$121$62$9
48 years$708$400$215$112$56$8
49 years$685$382$202$103$51$7
50 years$664$365$190$95$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $680,000, adding $5,896 every year, while hoping to spend $31,685 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: 54/34/12 Blend
62$680,000$680,000$680,000$680,000
63$755,442$719,402$708,862$793,582
64$798,784$720,940$698,896$821,702
65$845,486$721,491$687,534$848,361
66$895,855$720,974$674,697$876,642
67$950,233$719,302$660,299$906,704
68$1,008,991$716,383$644,254$938,727
69$1,072,541$712,118$626,469$972,909
70$1,141,332$706,404$606,848$1,009,468
71$1,215,861$699,131$585,291$1,048,648
72$1,296,673$690,182$561,692$1,090,719
73$1,384,366$679,434$535,941$1,135,980
74$1,479,601$666,755$507,924$1,184,761
75$1,583,101$652,007$477,521$1,237,431
76$1,695,664$635,043$444,605$1,294,396
77$1,818,168$615,706$409,045$1,356,106
78$1,951,578$593,833$370,706$1,423,059
79$2,096,957$569,249$329,442$1,495,810
80$2,255,474$541,769$285,105$1,574,968
81$2,428,414$511,198$237,539$1,661,211
82$2,617,196$477,330$186,579$1,755,289
83$2,823,377$439,946$132,057$1,858,029
84$3,048,675$398,817$73,794$1,970,349
85$3,294,978$353,697$11,605$2,093,263
86$3,564,368$304,330$0$2,227,895
87$3,859,134$250,443$0$2,382,496
88$4,181,799$191,748$0$2,553,469
89$4,535,140$127,942$0$2,740,870
90$4,922,217$58,703$0$2,946,406
91$5,346,397$0$0$3,171,959
92$5,811,389$0$0$3,425,710
93$6,321,281$0$0$3,728,112
94$6,880,570$0$0$4,059,877
95$7,494,215$0$0$4,423,954
96$8,167,674$0$0$4,823,591
97$8,906,961$0$0$5,262,366
98$9,718,699$0$0$5,744,219
99$10,610,187$0$0$6,273,491
100$11,589,462$0$0$6,854,965