Can I retire at age 63 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$53,676$53,198$52,732$52,276$51,832$51,355
2 years$26,572$26,078$25,598$25,133$24,682$24,201
3 years$17,539$17,042$16,564$16,103$15,659$15,190
4 years$13,023$12,528$12,054$11,601$11,168$10,714
5 years$10,314$9,822$9,354$8,911$8,490$8,052
6 years$8,509$8,020$7,560$7,126$6,718$6,296
7 years$7,220$6,735$6,282$5,859$5,463$5,059
8 years$6,254$5,773$5,328$4,915$4,532$4,145
9 years$5,503$5,027$4,589$4,186$3,817$3,446
10 years$4,902$4,431$4,001$3,609$3,252$2,898
11 years$4,411$3,945$3,522$3,141$2,797$2,459
12 years$4,002$3,540$3,126$2,755$2,424$2,102
13 years$3,656$3,200$2,793$2,432$2,114$1,808
14 years$3,360$2,908$2,509$2,159$1,853$1,562
15 years$3,104$2,657$2,266$1,925$1,631$1,356
16 years$2,880$2,438$2,054$1,724$1,442$1,180
17 years$2,682$2,245$1,869$1,549$1,278$1,031
18 years$2,507$2,074$1,706$1,396$1,137$903
19 years$2,350$1,923$1,562$1,261$1,013$792
20 years$2,209$1,786$1,433$1,142$905$696
21 years$2,082$1,664$1,319$1,037$810$613
22 years$1,966$1,553$1,215$943$726$541
23 years$1,861$1,453$1,122$858$652$478
24 years$1,764$1,361$1,038$783$586$422
25 years$1,676$1,277$961$715$527$373
26 years$1,594$1,201$891$654$475$331
27 years$1,519$1,130$828$598$428$293
28 years$1,449$1,065$769$548$386$260
29 years$1,384$1,004$716$503$349$231
30 years$1,323$949$667$461$315$205
31 years$1,267$897$622$424$285$182
32 years$1,214$848$580$390$258$162
33 years$1,164$803$542$358$233$144
34 years$1,117$762$506$330$211$128
35 years$1,074$722$473$303$191$113
36 years$1,032$686$443$279$173$101
37 years$993$651$414$257$157$90
38 years$957$619$388$237$142$80
39 years$922$588$364$219$129$71
40 years$889$560$341$202$117$63
41 years$857$533$319$186$106$56
42 years$828$508$300$172$96$50
43 years$799$484$281$159$87$45
44 years$772$461$264$146$79$40
45 years$747$440$248$135$72$35
46 years$722$419$233$125$65$32
47 years$699$400$219$115$59$28
48 years$676$382$206$107$54$25
49 years$655$365$193$99$49$22
50 years$635$348$182$91$45$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $650,000, adding $2,204 every year, while hoping to spend $34,115 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: 77/6/17 Blend
62$650,000$650,000$650,000$650,000
63$718,573$684,123$674,048$771,026
64$755,570$681,347$660,331$803,196
65$795,196$677,292$645,011$833,974
66$837,686$671,858$627,998$866,799
67$883,292$664,942$609,198$901,866
68$932,296$656,432$588,514$939,387
69$985,003$646,210$565,842$979,598
70$1,041,751$634,153$541,076$1,022,757
71$1,102,911$620,127$514,103$1,069,152
72$1,168,888$603,993$484,806$1,119,097
73$1,240,129$585,604$453,061$1,172,941
74$1,317,126$564,802$418,742$1,231,068
75$1,400,417$541,421$381,714$1,293,903
76$1,490,595$515,287$341,838$1,361,912
77$1,588,313$486,213$298,966$1,435,612
78$1,694,287$454,003$252,947$1,515,571
79$1,809,305$418,450$203,622$1,602,419
80$1,934,234$379,334$150,823$1,696,846
81$2,070,028$336,423$94,378$1,799,619
82$2,217,735$289,473$34,104$1,911,578
83$2,378,511$238,224$0$2,033,656
84$2,553,625$182,402$0$2,172,358
85$2,744,474$121,719$0$2,330,294
86$2,952,596$55,870$0$2,502,556
87$3,179,685$0$0$2,690,560
88$3,427,604$0$0$2,896,886
89$3,698,404$0$0$3,126,306
90$3,994,342$0$0$3,377,046
91$4,317,905$0$0$3,651,214
92$4,671,831$0$0$3,951,134
93$5,059,131$0$0$4,279,361
94$5,483,126$0$0$4,638,712
95$5,947,469$0$0$5,032,286
96$6,456,185$0$0$5,463,499
97$7,013,704$0$0$5,936,110
98$7,624,909$0$0$6,454,260
99$8,295,175$0$0$7,022,510
100$9,030,423$0$0$7,645,884