Can I retire at age 63 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$56,402$55,899$55,409$54,931$54,463$53,168
2 years$27,922$27,402$26,898$26,409$25,935$24,638
3 years$18,429$17,907$17,404$16,920$16,454$15,195
4 years$13,684$13,164$12,666$12,190$11,735$10,525
5 years$10,838$10,320$9,829$9,363$8,921$7,762
6 years$8,941$8,427$7,944$7,488$7,059$5,952
7 years$7,587$7,077$6,601$6,156$5,741$4,687
8 years$6,571$6,067$5,598$5,164$4,762$3,761
9 years$5,782$5,282$4,822$4,399$4,011$3,061
10 years$5,151$4,656$4,204$3,792$3,417$2,518
11 years$4,635$4,145$3,701$3,300$2,939$2,089
12 years$4,205$3,720$3,284$2,895$2,547$1,745
13 years$3,842$3,362$2,934$2,555$2,221$1,465
14 years$3,531$3,056$2,637$2,268$1,947$1,236
15 years$3,261$2,792$2,381$2,023$1,714$1,046
16 years$3,026$2,561$2,158$1,811$1,515$888
17 years$2,818$2,359$1,964$1,628$1,343$756
18 years$2,634$2,180$1,793$1,467$1,194$645
19 years$2,469$2,020$1,641$1,325$1,065$551
20 years$2,321$1,877$1,506$1,200$951$472
21 years$2,188$1,749$1,385$1,089$851$404
22 years$2,066$1,632$1,277$991$763$347
23 years$1,955$1,527$1,179$902$685$298
24 years$1,854$1,430$1,090$823$615$256
25 years$1,761$1,342$1,010$751$554$220
26 years$1,675$1,261$937$687$499$189
27 years$1,596$1,187$870$629$450$163
28 years$1,522$1,119$809$576$406$140
29 years$1,454$1,055$752$528$366$121
30 years$1,390$997$701$485$331$104
31 years$1,331$942$653$445$299$90
32 years$1,275$892$610$409$271$78
33 years$1,223$844$569$376$245$67
34 years$1,174$800$532$346$222$58
35 years$1,128$759$497$319$201$50
36 years$1,085$720$465$294$182$43
37 years$1,044$684$435$271$165$37
38 years$1,005$650$408$249$150$32
39 years$968$618$382$230$136$28
40 years$934$588$358$212$123$24
41 years$901$560$336$196$112$21
42 years$870$533$315$181$101$18
43 years$840$508$296$167$92$15
44 years$812$484$277$154$83$13
45 years$785$462$260$142$76$11
46 years$759$441$245$131$69$10
47 years$734$420$230$121$62$9
48 years$711$401$216$112$57$7
49 years$688$383$203$104$52$6
50 years$667$366$191$96$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $683,000, adding $6,128 every year, while hoping to spend $55,630 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: 63/16/21 Blend
62$683,000$683,000$683,000$683,000
63$758,987$722,788$712,202$802,320
64$777,214$699,015$676,870$808,500
65$795,435$672,212$638,491$808,469
66$813,592$642,173$596,903$807,159
67$831,617$608,678$551,938$804,450
68$849,434$571,496$503,420$800,211
69$866,958$530,380$451,166$794,302
70$884,092$485,073$394,985$786,572
71$900,728$435,301$334,675$776,857
72$916,745$380,772$270,029$764,977
73$932,005$321,183$200,827$750,740
74$946,357$256,208$126,843$733,937
75$959,631$185,508$47,837$714,340
76$971,636$108,720$0$691,703
77$982,160$25,465$0$673,933
78$990,968$0$0$664,537
79$997,796$0$0$663,913
80$1,002,351$0$0$666,168
81$1,004,309$0$0$666,591
82$1,003,307$0$0$664,930
83$998,944$0$0$660,905
84$990,776$0$0$654,206
85$978,308$0$0$644,490
86$960,991$0$0$631,375
87$938,220$0$0$614,438
88$909,321$0$0$593,211
89$873,550$0$0$567,176
90$830,081$0$0$535,760
91$778,002$0$0$498,327
92$716,304$0$0$454,176
93$643,870$0$0$402,529
94$559,464$0$0$342,528
95$461,722$0$0$273,224
96$349,133$0$0$193,567
97$220,029$0$0$102,398
98$72,569$0$0$0
99$0$0$0$0
100$0$0$0$0