Can I retire at age 63 with 621,000?

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 $621,000?

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$51,282$50,825$50,379$49,944$49,519$48,962
2 years$25,387$24,914$24,456$24,012$23,581$23,019
3 years$16,757$16,282$15,825$15,384$14,961$14,413
4 years$12,442$11,969$11,516$11,084$10,670$10,140
5 years$9,854$9,384$8,937$8,513$8,111$7,601
6 years$8,129$7,662$7,222$6,808$6,418$5,928
7 years$6,898$6,435$6,002$5,597$5,220$4,749
8 years$5,975$5,516$5,090$4,695$4,330$3,880
9 years$5,257$4,803$4,384$4,000$3,647$3,217
10 years$4,683$4,233$3,822$3,448$3,107$2,697
11 years$4,214$3,769$3,365$3,000$2,672$2,282
12 years$3,824$3,383$2,986$2,632$2,316$1,944
13 years$3,493$3,057$2,668$2,323$2,019$1,666
14 years$3,210$2,779$2,397$2,063$1,770$1,435
15 years$2,965$2,538$2,164$1,839$1,559$1,241
16 years$2,751$2,329$1,962$1,647$1,377$1,077
17 years$2,563$2,145$1,786$1,480$1,221$937
18 years$2,395$1,982$1,630$1,334$1,086$818
19 years$2,245$1,837$1,492$1,205$968$715
20 years$2,111$1,707$1,370$1,091$865$626
21 years$1,989$1,590$1,260$991$774$550
22 years$1,879$1,484$1,161$901$694$483
23 years$1,778$1,388$1,072$820$623$425
24 years$1,686$1,300$991$748$560$374
25 years$1,601$1,220$918$683$504$330
26 years$1,523$1,147$852$625$454$291
27 years$1,451$1,079$791$572$409$257
28 years$1,384$1,017$735$524$369$227
29 years$1,322$960$684$480$333$200
30 years$1,264$906$637$441$301$177
31 years$1,210$857$594$405$272$157
32 years$1,160$811$554$372$246$139
33 years$1,112$768$518$342$223$123
34 years$1,068$728$484$315$202$109
35 years$1,026$690$452$290$183$96
36 years$986$655$423$267$166$85
37 years$949$622$396$246$150$75
38 years$914$591$371$227$136$67
39 years$881$562$347$209$123$59
40 years$849$535$326$193$112$53
41 years$819$509$305$178$102$47
42 years$791$485$286$164$92$41
43 years$764$462$269$152$84$37
44 years$738$440$252$140$76$32
45 years$713$420$237$129$69$29
46 years$690$401$222$119$63$26
47 years$668$382$209$110$57$23
48 years$646$365$196$102$52$20
49 years$626$349$185$94$47$18
50 years$606$333$174$87$43$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $621,000, adding $6,489 every year, while hoping to spend $21,575 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: 81/11/8 Blend
62$621,000$621,000$621,000$621,000
63$691,035$658,122$648,497$745,783
64$738,565$667,415$647,266$791,869
65$790,220$676,439$645,271$838,919
66$846,398$685,160$642,463$889,906
67$907,537$693,539$638,791$945,213
68$974,118$701,535$634,203$1,005,260
69$1,046,672$709,104$628,643$1,070,511
70$1,125,782$716,199$622,051$1,141,476
71$1,212,090$722,772$614,369$1,218,719
72$1,306,303$728,767$605,530$1,302,858
73$1,409,199$734,130$595,468$1,394,576
74$1,521,635$738,800$584,114$1,494,625
75$1,644,553$742,712$571,393$1,603,833
76$1,778,991$745,799$557,229$1,723,113
77$1,926,093$747,989$541,541$1,853,470
78$2,087,118$749,203$524,246$1,996,012
79$2,263,450$749,361$505,254$2,151,959
80$2,456,618$748,374$484,476$2,322,657
81$2,668,300$746,152$461,813$2,509,586
82$2,900,349$742,596$437,166$2,714,381
83$3,154,803$737,602$410,430$2,938,840
84$3,433,908$731,060$381,494$3,184,945
85$3,740,138$722,852$350,245$3,454,883
86$4,076,215$712,855$316,562$3,751,060
87$4,445,142$700,938$280,320$4,076,129
88$4,850,224$686,962$241,388$4,433,016
89$5,295,102$670,778$199,629$4,824,941
90$5,783,787$652,231$154,902$5,255,455
91$6,320,699$631,156$107,057$5,728,473
92$6,910,706$607,377$55,938$6,248,305
93$7,559,169$580,711$1,384$6,819,706
94$8,271,999$550,960$0$7,447,911
95$9,055,703$517,917$0$8,143,545
96$9,917,454$481,365$0$8,908,559
97$10,865,153$441,070$0$9,749,860
98$11,907,506$396,789$0$10,675,191
99$13,054,102$348,263$0$11,693,083
100$14,315,510$295,217$0$12,812,937