Can I retire at age 63 with 684,000?

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 $684,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$56,484$55,981$55,490$55,011$54,543$53,640
2 years$27,962$27,442$26,937$26,448$25,973$25,065
3 years$18,456$17,933$17,430$16,945$16,478$15,595
4 years$13,704$13,183$12,685$12,208$11,752$10,900
5 years$10,854$10,336$9,844$9,377$8,934$8,115
6 years$8,954$8,440$7,955$7,499$7,069$6,284
7 years$7,598$7,088$6,611$6,165$5,749$4,999
8 years$6,581$6,075$5,606$5,172$4,769$4,054
9 years$5,790$5,290$4,829$4,405$4,017$3,335
10 years$5,158$4,663$4,210$3,797$3,422$2,774
11 years$4,642$4,151$3,706$3,305$2,943$2,328
12 years$4,211$3,726$3,289$2,899$2,551$1,967
13 years$3,848$3,367$2,939$2,559$2,224$1,672
14 years$3,536$3,060$2,640$2,272$1,950$1,427
15 years$3,266$2,796$2,384$2,026$1,717$1,223
16 years$3,030$2,565$2,161$1,814$1,517$1,052
17 years$2,823$2,362$1,967$1,630$1,345$907
18 years$2,638$2,183$1,795$1,469$1,196$784
19 years$2,473$2,023$1,644$1,327$1,066$679
20 years$2,325$1,880$1,508$1,202$952$589
21 years$2,191$1,751$1,388$1,091$852$512
22 years$2,069$1,635$1,279$992$764$445
23 years$1,958$1,529$1,181$903$686$388
24 years$1,857$1,432$1,092$824$616$338
25 years$1,763$1,344$1,011$752$555$295
26 years$1,678$1,263$938$688$500$257
27 years$1,598$1,189$871$630$450$225
28 years$1,524$1,120$810$577$406$197
29 years$1,456$1,057$754$529$367$172
30 years$1,392$998$702$486$332$150
31 years$1,333$944$654$446$300$132
32 years$1,277$893$611$410$271$115
33 years$1,225$846$570$377$245$101
34 years$1,176$801$533$347$222$88
35 years$1,130$760$498$319$201$77
36 years$1,086$721$466$294$182$68
37 years$1,045$685$436$271$165$59
38 years$1,007$651$408$250$150$52
39 years$970$619$383$230$136$46
40 years$935$589$359$212$123$40
41 years$902$561$336$196$112$35
42 years$871$534$315$181$101$31
43 years$841$509$296$167$92$27
44 years$813$485$278$154$84$24
45 years$786$463$261$142$76$21
46 years$760$441$245$131$69$18
47 years$735$421$230$121$63$16
48 years$712$402$216$112$57$14
49 years$689$384$203$104$52$12
50 years$668$367$191$96$47$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $684,000, adding $4,702 every year, while hoping to spend $47,231 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: 72/12/16 Blend
62$684,000$684,000$684,000$684,000
63$758,618$722,366$711,764$810,136
64$785,744$707,509$685,355$830,087
65$814,053$690,340$656,478$845,747
66$843,617$670,698$625,001$861,665
67$874,513$648,408$590,785$877,858
68$906,822$623,289$553,685$894,344
69$940,635$595,148$513,550$911,145
70$976,049$563,778$470,223$928,286
71$1,013,167$528,965$423,537$945,797
72$1,052,105$490,480$373,321$963,710
73$1,092,986$448,079$319,393$982,064
74$1,135,945$401,509$261,567$1,000,901
75$1,181,126$350,498$199,644$1,020,272
76$1,228,689$294,761$133,421$1,040,232
77$1,278,807$233,996$62,682$1,060,846
78$1,331,668$167,884$0$1,082,186
79$1,387,478$96,090$0$1,106,520
80$1,446,459$18,256$0$1,143,317
81$1,508,856$0$0$1,182,010
82$1,574,935$0$0$1,231,476
83$1,644,988$0$0$1,286,487
84$1,719,333$0$0$1,344,886
85$1,798,318$0$0$1,406,948
86$1,882,323$0$0$1,472,974
87$1,971,765$0$0$1,543,293
88$2,067,099$0$0$1,618,268
89$2,168,825$0$0$1,698,293
90$2,277,490$0$0$1,783,803
91$2,393,694$0$0$1,875,271
92$2,518,092$0$0$1,973,218
93$2,651,408$0$0$2,078,216
94$2,794,430$0$0$2,190,892
95$2,948,026$0$0$2,311,933
96$3,113,150$0$0$2,442,093
97$3,290,845$0$0$2,582,201
98$3,482,260$0$0$2,733,168
99$3,688,655$0$0$2,895,991
100$3,911,416$0$0$3,071,770