Can I retire at age 63 with 606,000?

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 $606,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$50,043$49,597$49,162$48,738$48,323$47,719
2 years$24,774$24,312$23,865$23,432$23,011$22,403
3 years$16,352$15,888$15,442$15,013$14,599$14,007
4 years$12,142$11,680$11,238$10,816$10,412$9,839
5 years$9,616$9,157$8,721$8,308$7,915$7,364
6 years$7,933$7,477$7,048$6,644$6,263$5,734
7 years$6,731$6,279$5,857$5,462$5,094$4,586
8 years$5,830$5,383$4,967$4,582$4,226$3,741
9 years$5,130$4,687$4,278$3,903$3,559$3,096
10 years$4,570$4,131$3,730$3,364$3,032$2,591
11 years$4,112$3,678$3,284$2,928$2,608$2,188
12 years$3,731$3,301$2,914$2,568$2,260$1,860
13 years$3,409$2,983$2,604$2,267$1,971$1,591
14 years$3,133$2,711$2,339$2,013$1,727$1,368
15 years$2,894$2,477$2,112$1,795$1,521$1,181
16 years$2,685$2,273$1,915$1,607$1,344$1,022
17 years$2,501$2,093$1,743$1,444$1,192$888
18 years$2,337$1,934$1,591$1,301$1,060$773
19 years$2,191$1,792$1,456$1,176$945$674
20 years$2,060$1,666$1,336$1,065$844$590
21 years$1,941$1,551$1,229$967$755$516
22 years$1,833$1,448$1,133$879$677$452
23 years$1,735$1,354$1,046$800$608$397
24 years$1,645$1,269$967$730$546$349
25 years$1,562$1,191$896$667$491$307
26 years$1,486$1,119$831$610$443$270
27 years$1,416$1,053$772$558$399$238
28 years$1,351$993$717$511$360$209
29 years$1,290$936$668$469$325$185
30 years$1,234$884$622$430$294$163
31 years$1,181$836$580$395$266$144
32 years$1,132$791$541$363$240$127
33 years$1,085$749$505$334$217$112
34 years$1,042$710$472$307$197$99
35 years$1,001$673$441$283$178$87
36 years$962$639$413$260$162$77
37 years$926$607$386$240$146$68
38 years$892$577$362$221$133$60
39 years$859$549$339$204$120$53
40 years$828$522$318$188$109$47
41 years$799$497$298$174$99$42
42 years$772$473$279$160$90$37
43 years$745$451$262$148$82$33
44 years$720$430$246$137$74$29
45 years$696$410$231$126$67$25
46 years$673$391$217$116$61$23
47 years$651$373$204$108$55$20
48 years$631$356$192$99$50$18
49 years$611$340$180$92$46$16
50 years$592$325$169$85$42$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $606,000, adding $5,112 every year, while hoping to spend $41,008 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: 74/5/21 Blend
62$606,000$606,000$606,000$606,000
63$673,085$640,967$631,574$719,132
64$698,108$628,742$609,100$738,173
65$724,308$614,544$584,498$753,572
66$751,763$598,232$557,654$769,400
67$780,556$579,659$528,449$785,692
68$810,778$558,667$496,757$802,486
69$842,526$535,091$462,447$819,825
70$875,908$508,754$425,383$837,758
71$911,039$479,472$385,422$856,338
72$948,045$447,047$342,414$875,627
73$987,065$411,271$296,205$895,691
74$1,028,248$371,926$246,630$916,606
75$1,071,758$328,779$193,520$938,457
76$1,117,772$281,584$136,698$961,337
77$1,166,486$230,082$75,978$985,352
78$1,218,112$174,000$11,168$1,010,619
79$1,272,881$113,049$0$1,037,268
80$1,331,049$46,922$0$1,078,440
81$1,392,892$0$0$1,124,817
82$1,458,715$0$0$1,175,483
83$1,528,849$0$0$1,232,233
84$1,603,660$0$0$1,292,782
85$1,683,546$0$0$1,357,456
86$1,768,944$0$0$1,426,610
87$1,860,333$0$0$1,500,634
88$1,958,239$0$0$1,579,957
89$2,063,239$0$0$1,665,048
90$2,175,964$0$0$1,756,423
91$2,297,109$0$0$1,854,646
92$2,427,435$0$0$1,960,338
93$2,567,779$0$0$2,074,182
94$2,719,059$0$0$2,196,925
95$2,882,286$0$0$2,329,389
96$3,058,566$0$0$2,472,479
97$3,249,120$0$0$2,627,188
98$3,455,285$0$0$2,794,605
99$3,678,533$0$0$2,975,932
100$3,920,484$0$0$3,172,487