Can I retire at age 63 with 682,000?

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 $682,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$56,319$55,817$55,328$54,850$54,384$53,351
2 years$27,881$27,361$26,858$26,370$25,897$24,861
3 years$18,402$17,881$17,379$16,896$16,430$15,422
4 years$13,664$13,144$12,647$12,172$11,718$10,747
5 years$10,822$10,305$9,815$9,350$8,908$7,976
6 years$8,928$8,415$7,932$7,477$7,049$6,157
7 years$7,576$7,067$6,591$6,147$5,732$4,881
8 years$6,562$6,058$5,590$5,157$4,756$3,944
9 years$5,774$5,274$4,815$4,392$4,005$3,233
10 years$5,143$4,649$4,198$3,786$3,412$2,679
11 years$4,628$4,139$3,696$3,295$2,935$2,240
12 years$4,199$3,715$3,280$2,890$2,543$1,885
13 years$3,836$3,357$2,930$2,552$2,218$1,596
14 years$3,526$3,051$2,633$2,265$1,944$1,357
15 years$3,257$2,788$2,377$2,020$1,712$1,159
16 years$3,022$2,558$2,155$1,809$1,513$992
17 years$2,814$2,355$1,961$1,625$1,341$852
18 years$2,630$2,177$1,790$1,465$1,193$733
19 years$2,466$2,017$1,639$1,323$1,063$632
20 years$2,318$1,874$1,504$1,199$950$546
21 years$2,184$1,746$1,383$1,088$850$472
22 years$2,063$1,630$1,275$989$762$409
23 years$1,952$1,524$1,177$901$684$354
24 years$1,851$1,428$1,089$822$615$308
25 years$1,758$1,340$1,008$750$553$267
26 years$1,673$1,260$935$686$498$232
27 years$1,593$1,185$868$628$449$202
28 years$1,520$1,117$807$575$405$175
29 years$1,452$1,054$751$528$366$153
30 years$1,388$995$700$484$331$133
31 years$1,329$941$652$445$299$116
32 years$1,273$890$609$409$270$101
33 years$1,221$843$568$376$245$88
34 years$1,172$799$531$346$222$76
35 years$1,127$758$497$318$201$67
36 years$1,083$719$464$293$182$58
37 years$1,042$683$435$270$165$51
38 years$1,004$649$407$249$149$44
39 years$967$617$381$230$135$38
40 years$932$587$358$212$123$34
41 years$900$559$335$195$111$29
42 years$868$533$314$180$101$26
43 years$839$507$295$166$92$22
44 years$810$484$277$154$83$19
45 years$783$461$260$142$76$17
46 years$758$440$244$131$69$15
47 years$733$420$229$121$62$13
48 years$710$401$216$112$57$11
49 years$687$383$203$103$51$10
50 years$666$366$191$96$47$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $682,000, adding $4,424 every year, while hoping to spend $33,553 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: 66/11/23 Blend
62$682,000$682,000$682,000$682,000
63$756,127$719,981$709,410$801,289
64$797,552$719,560$697,475$831,770
65$842,078$717,994$684,016$860,865
66$889,985$715,191$668,946$891,896
67$941,582$711,054$652,175$925,056
68$997,208$705,481$633,607$960,557
69$1,057,235$698,361$613,144$998,632
70$1,122,072$689,579$590,683$1,039,542
71$1,192,167$679,012$566,115$1,083,573
72$1,268,014$666,530$539,326$1,131,043
73$1,350,157$651,995$510,199$1,182,302
74$1,439,192$635,262$478,609$1,237,738
75$1,535,775$616,175$444,428$1,297,781
76$1,640,627$594,571$407,520$1,362,903
77$1,754,543$570,277$367,744$1,433,629
78$1,878,395$543,109$324,952$1,510,538
79$2,013,144$512,874$278,991$1,594,270
80$2,159,847$479,367$229,699$1,685,530
81$2,319,667$442,372$176,909$1,785,101
82$2,493,883$401,658$120,445$1,893,846
83$2,683,903$356,983$60,125$2,012,716
84$2,891,279$308,093$0$2,142,765
85$3,117,716$254,716$0$2,286,198
86$3,365,092$196,566$0$2,459,071
87$3,635,476$133,343$0$2,648,081
88$3,931,144$64,726$0$2,854,848
89$4,254,603$0$0$3,081,155
90$4,608,613$0$0$3,330,133
91$4,996,213$0$0$3,611,356
92$5,420,751$0$0$3,919,422
93$5,885,911$0$0$4,257,012
94$6,395,754$0$0$4,627,077
95$6,954,749$0$0$5,032,867
96$7,567,820$0$0$5,477,964
97$8,240,391$0$0$5,966,311
98$8,978,434$0$0$6,502,252
99$9,788,530$0$0$7,090,570
100$10,677,926$0$0$7,736,538