Can I retire at age 63 with 614,000?

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 $614,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$50,704$50,252$49,811$49,381$48,961$48,571
2 years$25,101$24,633$24,180$23,741$23,315$22,922
3 years$16,568$16,098$15,646$15,211$14,792$14,408
4 years$12,302$11,834$11,386$10,959$10,550$10,178
5 years$9,743$9,278$8,836$8,417$8,020$7,661
6 years$8,038$7,576$7,141$6,731$6,346$6,000
7 years$6,820$6,362$5,934$5,534$5,161$4,829
8 years$5,907$5,454$5,033$4,643$4,281$3,963
9 years$5,198$4,748$4,335$3,954$3,606$3,301
10 years$4,631$4,186$3,779$3,409$3,072$2,781
11 years$4,167$3,726$3,327$2,967$2,642$2,364
12 years$3,780$3,344$2,953$2,602$2,290$2,025
13 years$3,454$3,022$2,638$2,297$1,997$1,745
14 years$3,174$2,747$2,370$2,039$1,750$1,511
15 years$2,932$2,510$2,140$1,819$1,541$1,313
16 years$2,720$2,303$1,940$1,628$1,362$1,146
17 years$2,534$2,121$1,766$1,463$1,208$1,003
18 years$2,368$1,959$1,612$1,319$1,074$880
19 years$2,220$1,816$1,475$1,191$957$774
20 years$2,087$1,688$1,354$1,079$855$682
21 years$1,967$1,572$1,246$979$765$602
22 years$1,857$1,467$1,148$890$686$532
23 years$1,758$1,372$1,060$811$616$471
24 years$1,667$1,286$980$740$553$417
25 years$1,583$1,207$908$675$498$370
26 years$1,506$1,134$842$618$448$328
27 years$1,435$1,067$782$565$404$292
28 years$1,368$1,006$727$518$365$259
29 years$1,307$949$676$475$329$231
30 years$1,250$896$630$436$298$205
31 years$1,196$847$587$400$269$183
32 years$1,146$801$548$368$243$163
33 years$1,100$759$512$338$220$145
34 years$1,056$719$478$311$199$129
35 years$1,014$682$447$287$181$115
36 years$975$648$418$264$164$103
37 years$938$615$391$243$148$92
38 years$904$585$367$224$134$82
39 years$871$556$343$207$122$73
40 years$839$529$322$191$111$65
41 years$810$503$302$176$100$58
42 years$782$479$283$162$91$52
43 years$755$457$266$150$83$46
44 years$730$435$249$138$75$41
45 years$705$415$234$128$68$37
46 years$682$396$220$118$62$33
47 years$660$378$207$109$56$29
48 years$639$361$194$101$51$26
49 years$619$345$182$93$46$23
50 years$599$329$172$86$42$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $614,000, adding $6,792 every year, while hoping to spend $20,286 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: 71/17/12 Blend
62$614,000$614,000$614,000$614,000
63$683,634$651,092$641,575$729,972
64$731,780$661,411$641,484$771,896
65$784,158$671,556$640,709$814,648
66$841,177$681,497$639,208$860,906
67$903,288$691,202$636,932$911,013
68$970,988$700,636$633,835$965,345
69$1,044,825$709,762$629,863$1,024,316
70$1,125,398$718,542$624,965$1,088,384
71$1,213,371$726,933$619,084$1,158,052
72$1,309,473$734,890$612,161$1,233,876
73$1,414,505$742,366$604,135$1,316,467
74$1,529,352$749,310$594,941$1,406,500
75$1,654,986$755,666$584,511$1,504,717
76$1,792,479$761,378$572,777$1,611,938
77$1,943,010$766,383$559,662$1,729,066
78$2,107,877$770,616$545,091$1,857,096
79$2,288,511$774,007$528,982$1,997,123
80$2,486,486$776,481$511,251$2,150,357
81$2,703,539$777,960$491,809$2,318,131
82$2,941,579$778,359$470,564$2,501,912
83$3,202,711$777,589$447,418$2,703,320
84$3,489,253$775,557$422,272$2,924,139
85$3,803,758$772,160$395,020$3,166,336
86$4,149,039$767,293$365,550$3,432,078
87$4,528,193$760,842$333,748$3,723,755
88$4,944,633$752,688$299,492$4,044,001
89$5,402,118$742,702$262,659$4,395,719
90$5,904,791$730,752$223,115$4,782,110
91$6,457,214$716,693$180,723$5,206,701
92$7,064,413$700,374$135,340$5,673,381
93$7,731,926$681,635$86,817$6,186,434
94$8,465,854$660,307$34,997$6,750,586
95$9,272,919$636,210$0$7,371,043
96$10,160,526$609,154$0$8,056,144
97$11,136,835$578,937$0$8,814,567
98$12,210,836$545,349$0$9,648,822
99$13,392,433$508,162$0$10,566,619
100$14,692,539$467,141$0$11,576,454