Can I retire at age 63 with 611,000?

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 $611,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$50,456$50,006$49,568$49,140$48,722$48,173
2 years$24,978$24,513$24,062$23,625$23,201$22,648
3 years$16,487$16,019$15,570$15,137$14,720$14,181
4 years$12,242$11,776$11,331$10,905$10,498$9,977
5 years$9,696$9,233$8,793$8,376$7,981$7,478
6 years$7,999$7,539$7,106$6,699$6,315$5,832
7 years$6,787$6,331$5,905$5,507$5,136$4,673
8 years$5,879$5,427$5,008$4,620$4,260$3,818
9 years$5,172$4,725$4,314$3,935$3,588$3,165
10 years$4,608$4,165$3,761$3,392$3,057$2,654
11 years$4,146$3,708$3,311$2,952$2,629$2,245
12 years$3,762$3,328$2,938$2,589$2,278$1,913
13 years$3,437$3,008$2,625$2,286$1,987$1,639
14 years$3,159$2,734$2,359$2,029$1,742$1,412
15 years$2,918$2,497$2,130$1,810$1,533$1,221
16 years$2,707$2,291$1,931$1,620$1,355$1,060
17 years$2,521$2,110$1,757$1,456$1,202$922
18 years$2,356$1,950$1,604$1,312$1,068$805
19 years$2,209$1,807$1,468$1,186$952$704
20 years$2,077$1,679$1,347$1,074$851$616
21 years$1,957$1,564$1,239$975$761$541
22 years$1,848$1,460$1,142$886$682$475
23 years$1,749$1,366$1,055$807$613$418
24 years$1,659$1,280$975$736$551$368
25 years$1,575$1,201$903$672$495$324
26 years$1,498$1,129$838$615$446$286
27 years$1,428$1,062$778$563$402$252
28 years$1,362$1,001$723$515$363$223
29 years$1,301$944$673$473$328$197
30 years$1,244$892$627$434$296$174
31 years$1,191$843$585$398$268$154
32 years$1,141$798$545$366$242$136
33 years$1,094$755$509$337$219$121
34 years$1,050$716$476$310$198$107
35 years$1,009$679$445$285$180$95
36 years$970$644$416$263$163$84
37 years$934$612$389$242$148$74
38 years$899$582$365$223$134$66
39 years$866$553$342$206$121$58
40 years$835$526$320$190$110$52
41 years$806$501$300$175$100$46
42 years$778$477$282$162$91$41
43 years$751$455$264$149$82$36
44 years$726$433$248$138$75$32
45 years$702$413$233$127$68$28
46 years$679$394$219$117$62$25
47 years$657$376$206$109$56$22
48 years$636$359$193$100$51$20
49 years$616$343$182$93$46$18
50 years$597$328$171$86$42$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $611,000, adding $2,078 every year, while hoping to spend $55,812 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: 72/22/6 Blend
62$611,000$611,000$611,000$611,000
63$675,465$643,082$633,612$723,457
64$684,979$615,210$595,454$727,513
65$693,593$584,101$554,148$724,768
66$701,156$549,538$509,528$720,192
67$707,500$511,292$461,424$713,588
68$712,438$469,118$409,654$704,740
69$715,762$422,761$354,033$693,412
70$717,241$371,947$294,365$679,347
71$716,618$316,390$230,444$662,262
72$713,607$255,787$162,057$641,846
73$707,891$189,817$88,983$617,762
74$699,120$118,142$10,987$589,638
75$686,903$40,404$0$557,068
76$670,808$0$0$524,231
77$650,359$0$0$497,663
78$625,023$0$0$476,983
79$594,216$0$0$451,943
80$557,289$0$0$422,028
81$513,522$0$0$386,666
82$462,121$0$0$345,229
83$402,209$0$0$297,017
84$332,813$0$0$241,259
85$252,861$0$0$177,103
86$161,166$0$0$103,608
87$56,418$0$0$19,731
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0