Can I retire at age 63 with 604,000?

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 $604,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$49,878$49,433$49,000$48,577$48,164$47,308
2 years$24,692$24,232$23,786$23,354$22,935$22,075
3 years$16,298$15,836$15,391$14,963$14,551$13,715
4 years$12,102$11,641$11,201$10,780$10,378$9,571
5 years$9,584$9,127$8,692$8,280$7,889$7,114
6 years$7,907$7,453$7,025$6,622$6,242$5,501
7 years$6,709$6,259$5,838$5,444$5,077$4,368
8 years$5,811$5,365$4,951$4,567$4,212$3,536
9 years$5,113$4,671$4,264$3,890$3,547$2,904
10 years$4,555$4,117$3,718$3,353$3,022$2,411
11 years$4,099$3,665$3,273$2,918$2,599$2,019
12 years$3,719$3,290$2,905$2,560$2,252$1,703
13 years$3,398$2,973$2,595$2,260$1,964$1,444
14 years$3,122$2,702$2,332$2,006$1,722$1,231
15 years$2,884$2,469$2,105$1,789$1,516$1,053
16 years$2,676$2,265$1,909$1,602$1,340$904
17 years$2,492$2,086$1,737$1,439$1,188$778
18 years$2,329$1,928$1,585$1,297$1,056$671
19 years$2,184$1,786$1,451$1,172$941$580
20 years$2,053$1,660$1,332$1,062$841$502
21 years$1,934$1,546$1,225$963$753$435
22 years$1,827$1,443$1,129$876$675$377
23 years$1,729$1,350$1,043$798$606$328
24 years$1,640$1,265$964$728$544$285
25 years$1,557$1,187$893$664$490$248
26 years$1,481$1,116$828$608$441$216
27 years$1,411$1,050$769$556$398$188
28 years$1,346$989$715$510$359$164
29 years$1,286$933$665$467$324$143
30 years$1,229$881$620$429$293$125
31 years$1,177$833$578$394$265$109
32 years$1,128$788$539$362$239$95
33 years$1,082$747$503$333$217$83
34 years$1,038$708$470$306$196$73
35 years$998$671$440$282$178$63
36 years$959$637$411$260$161$55
37 years$923$605$385$239$146$48
38 years$889$575$361$220$132$42
39 years$856$547$338$203$120$37
40 years$826$520$317$188$109$32
41 years$797$495$297$173$99$28
42 years$769$472$278$160$90$25
43 years$743$449$261$147$81$22
44 years$718$428$245$136$74$19
45 years$694$408$230$126$67$17
46 years$671$390$216$116$61$14
47 years$649$372$203$107$55$13
48 years$629$355$191$99$50$11
49 years$609$339$180$92$46$10
50 years$590$324$169$85$41$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $604,000, adding $6,480 every year, while hoping to spend $47,798 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: 49/25/26 Blend
62$604,000$604,000$604,000$604,000
63$672,292$640,280$630,918$699,998
64$690,009$620,797$601,197$700,551
65$707,931$598,758$568,879$695,878
66$726,029$573,985$533,825$689,852
67$744,269$546,295$495,892$682,367
68$762,610$515,490$454,931$673,310
69$781,009$481,361$410,784$662,561
70$799,414$443,690$363,287$649,990
71$817,766$402,243$312,269$635,458
72$836,000$356,775$257,552$618,818
73$854,041$307,026$198,949$599,912
74$871,804$252,721$136,265$578,568
75$889,195$193,570$69,296$554,606
76$906,106$129,269$0$527,831
77$922,418$59,492$0$498,636
78$937,996$0$0$486,749
79$952,689$0$0$477,180
80$966,331$0$0$483,373
81$978,733$0$0$488,859
82$989,686$0$0$493,525
83$998,956$0$0$497,243
84$1,006,284$0$0$499,871
85$1,011,381$0$0$501,253
86$1,013,925$0$0$501,213
87$1,013,558$0$0$499,557
88$1,009,886$0$0$496,070
89$1,002,466$0$0$490,513
90$990,811$0$0$482,619
91$974,380$0$0$472,096
92$952,571$0$0$458,617
93$924,720$0$0$441,822
94$890,090$0$0$421,311
95$847,866$0$0$396,642
96$797,145$0$0$367,326
97$736,929$0$0$332,823
98$666,113$0$0$292,533
99$583,475$0$0$245,795
100$487,665$0$0$191,877