Can I retire at age 63 with 686,000?

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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$56,649$56,145$55,652$55,172$54,703$53,337
2 years$28,044$27,522$27,016$26,525$26,049$24,682
3 years$18,510$17,986$17,481$16,995$16,526$15,200
4 years$13,744$13,222$12,722$12,244$11,787$10,512
5 years$10,886$10,366$9,873$9,404$8,960$7,740
6 years$8,980$8,464$7,978$7,521$7,090$5,926
7 years$7,620$7,108$6,630$6,183$5,766$4,659
8 years$6,600$6,093$5,623$5,187$4,783$3,732
9 years$5,807$5,305$4,843$4,418$4,028$3,032
10 years$5,174$4,676$4,222$3,808$3,432$2,489
11 years$4,655$4,163$3,717$3,315$2,952$2,061
12 years$4,224$3,737$3,299$2,907$2,558$1,718
13 years$3,859$3,377$2,947$2,567$2,231$1,440
14 years$3,546$3,069$2,648$2,278$1,955$1,212
15 years$3,276$2,804$2,391$2,032$1,722$1,024
16 years$3,039$2,573$2,168$1,819$1,522$868
17 years$2,831$2,369$1,973$1,635$1,349$737
18 years$2,646$2,189$1,801$1,473$1,200$627
19 years$2,480$2,029$1,648$1,331$1,069$535
20 years$2,331$1,885$1,513$1,206$955$457
21 years$2,197$1,756$1,392$1,094$855$391
22 years$2,075$1,639$1,283$995$766$334
23 years$1,964$1,533$1,184$906$688$286
24 years$1,862$1,437$1,095$826$618$246
25 years$1,769$1,348$1,014$755$556$211
26 years$1,682$1,267$941$690$501$181
27 years$1,603$1,192$874$632$452$155
28 years$1,529$1,124$812$579$408$133
29 years$1,460$1,060$756$531$368$115
30 years$1,396$1,001$704$487$333$99
31 years$1,337$946$656$447$301$85
32 years$1,281$895$612$411$272$73
33 years$1,229$848$572$378$246$63
34 years$1,179$804$534$348$223$54
35 years$1,133$762$499$320$202$46
36 years$1,090$724$467$295$183$40
37 years$1,048$687$437$272$166$34
38 years$1,010$653$409$250$150$30
39 years$973$621$384$231$136$26
40 years$938$591$360$213$124$22
41 years$905$562$337$196$112$19
42 years$873$536$316$181$102$16
43 years$844$510$297$167$92$14
44 years$815$486$279$155$84$12
45 years$788$464$262$143$76$10
46 years$762$443$246$132$69$9
47 years$737$422$231$122$63$8
48 years$714$403$217$113$57$7
49 years$691$385$204$104$52$6
50 years$670$368$192$96$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $686,000, adding $4,609 every year, while hoping to spend $33,217 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: 57/31/12 Blend
62$686,000$686,000$686,000$686,000
63$760,726$724,368$713,735$801,550
64$802,978$724,520$702,303$829,822
65$848,425$723,565$689,374$856,542
66$897,361$721,416$674,864$884,870
67$950,102$717,976$658,683$914,966
68$1,007,002$713,146$640,738$947,006
69$1,068,445$706,819$620,932$981,184
70$1,134,856$698,883$599,162$1,017,719
71$1,206,699$689,216$575,322$1,056,850
72$1,284,487$677,692$549,300$1,098,844
73$1,368,783$664,177$520,979$1,143,997
74$1,460,205$648,528$490,238$1,192,635
75$1,559,434$630,594$456,949$1,245,122
76$1,667,218$610,215$420,979$1,301,859
77$1,784,382$587,222$382,189$1,363,291
78$1,911,829$561,437$340,433$1,429,911
79$2,050,558$532,670$295,560$1,502,265
80$2,201,664$500,720$247,410$1,580,957
81$2,366,355$465,376$195,820$1,666,655
82$2,545,958$426,414$140,614$1,760,100
83$2,741,934$383,597$81,614$1,862,110
84$2,955,894$336,676$18,630$1,973,593
85$3,189,607$285,385$0$2,095,548
86$3,445,024$229,445$0$2,235,307
87$3,724,290$168,562$0$2,390,824
88$4,029,770$102,424$0$2,561,095
89$4,364,065$30,701$0$2,747,646
90$4,730,041$0$0$2,952,165
91$5,130,853$0$0$3,192,531
92$5,569,975$0$0$3,467,405
93$6,051,236$0$0$3,768,717
94$6,578,848$0$0$4,099,114
95$7,157,453$0$0$4,461,509
96$7,792,165$0$0$4,859,114
97$8,488,614$0$0$5,295,465
98$9,253,002$0$0$5,774,455
99$10,092,162$0$0$6,300,377
100$11,013,621$0$0$6,877,956