Can I retire at age 63 with 680,000?

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 $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%18.8%
1 years$56,154$55,654$55,166$54,689$54,224$52,300
2 years$27,799$27,281$26,779$26,293$25,821$23,903
3 years$18,349$17,829$17,328$16,846$16,382$14,530
4 years$13,624$13,106$12,610$12,137$11,684$9,913
5 years$10,790$10,275$9,786$9,322$8,882$7,196
6 years$8,902$8,390$7,909$7,455$7,028$5,429
7 years$7,553$7,046$6,572$6,129$5,716$4,202
8 years$6,542$6,040$5,574$5,142$4,742$3,313
9 years$5,757$5,259$4,801$4,379$3,993$2,648
10 years$5,128$4,635$4,185$3,775$3,402$2,138
11 years$4,615$4,127$3,685$3,286$2,926$1,740
12 years$4,187$3,704$3,270$2,882$2,536$1,424
13 years$3,825$3,347$2,922$2,544$2,211$1,172
14 years$3,515$3,043$2,625$2,258$1,938$968
15 years$3,247$2,779$2,370$2,014$1,707$803
16 years$3,013$2,550$2,149$1,803$1,508$667
17 years$2,806$2,348$1,955$1,620$1,337$555
18 years$2,622$2,170$1,785$1,460$1,189$463
19 years$2,459$2,011$1,634$1,320$1,060$387
20 years$2,311$1,869$1,500$1,195$947$324
21 years$2,178$1,741$1,379$1,085$847$271
22 years$2,057$1,625$1,271$986$759$227
23 years$1,947$1,520$1,174$898$682$191
24 years$1,846$1,424$1,086$819$613$160
25 years$1,753$1,336$1,005$748$551$134
26 years$1,668$1,256$933$684$497$113
27 years$1,589$1,182$866$626$448$95
28 years$1,516$1,114$805$574$404$80
29 years$1,448$1,051$749$526$365$67
30 years$1,384$992$698$483$330$56
31 years$1,325$938$651$443$298$47
32 years$1,270$888$607$407$270$40
33 years$1,218$841$567$375$244$34
34 years$1,169$797$530$345$221$28
35 years$1,123$756$495$317$200$24
36 years$1,080$717$463$292$181$20
37 years$1,039$681$433$269$164$17
38 years$1,001$647$406$248$149$14
39 years$964$616$380$229$135$12
40 years$930$586$356$211$123$10
41 years$897$558$334$195$111$8
42 years$866$531$314$180$101$7
43 years$836$506$294$166$92$6
44 years$808$482$276$153$83$5
45 years$781$460$259$141$75$4
46 years$755$439$244$131$68$4
47 years$731$419$229$121$62$3
48 years$708$400$215$112$56$3
49 years$685$382$202$103$51$2
50 years$664$365$190$95$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $680,000, adding $4,782 every year, while hoping to spend $21,731 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: 35/50/15 Blend
62$680,000$680,000$680,000$680,000
63$754,293$718,253$707,713$777,046
64$808,109$730,325$708,299$806,055
65$866,686$742,261$708,177$834,938
66$930,487$754,031$707,300$865,632
67$1,000,020$765,602$705,619$898,310
68$1,075,847$776,941$703,081$933,162
69$1,158,583$788,011$699,635$970,399
70$1,248,908$798,773$695,222$1,010,254
71$1,347,569$809,186$689,784$1,052,983
72$1,455,388$819,203$683,259$1,098,870
73$1,573,272$828,778$675,582$1,148,230
74$1,702,216$837,859$666,685$1,201,411
75$1,843,320$846,392$656,497$1,258,796
76$1,997,792$854,318$644,943$1,320,809
77$2,166,964$861,576$631,945$1,387,919
78$2,352,301$868,100$617,422$1,460,645
79$2,555,418$873,819$601,287$1,539,559
80$2,778,093$878,659$583,453$1,625,294
81$3,022,284$882,540$563,825$1,718,549
82$3,290,150$885,376$542,305$1,820,097
83$3,584,064$887,079$518,792$1,930,791
84$3,906,645$887,553$493,178$2,051,574
85$4,260,775$886,695$465,352$2,183,486
86$4,649,630$884,398$435,196$2,327,679
87$5,076,706$880,548$402,590$2,485,422
88$5,545,858$875,023$367,404$2,658,119
89$6,061,331$867,694$329,507$2,847,317
90$6,627,800$858,424$288,759$3,054,728
91$7,250,417$847,069$245,015$3,282,241
92$7,934,859$833,475$198,122$3,531,940
93$8,687,378$817,479$147,923$3,806,128
94$9,514,864$798,908$94,251$4,107,346
95$10,424,907$777,581$36,935$4,438,398
96$11,425,869$753,305$0$4,802,382
97$12,526,965$725,873$0$5,206,593
98$13,738,345$695,071$0$5,657,484
99$15,071,196$660,669$0$6,153,333
100$16,537,840$622,424$0$6,698,765