Can I retire at age 63 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$53,759$53,280$52,813$52,357$51,912$50,760
2 years$26,613$26,118$25,637$25,172$24,720$23,565
3 years$17,566$17,068$16,589$16,128$15,683$14,562
4 years$13,043$12,547$12,073$11,619$11,185$10,106
5 years$10,330$9,837$9,369$8,925$8,503$7,469
6 years$8,522$8,033$7,571$7,137$6,728$5,740
7 years$7,231$6,746$6,292$5,868$5,472$4,530
8 years$6,263$5,782$5,336$4,922$4,539$3,644
9 years$5,511$5,035$4,596$4,193$3,823$2,973
10 years$4,910$4,438$4,007$3,614$3,257$2,452
11 years$4,418$3,951$3,528$3,145$2,801$2,039
12 years$4,008$3,546$3,131$2,759$2,428$1,708
13 years$3,662$3,204$2,797$2,436$2,117$1,438
14 years$3,365$2,913$2,513$2,162$1,856$1,216
15 years$3,109$2,661$2,269$1,928$1,634$1,032
16 years$2,884$2,441$2,057$1,727$1,444$879
17 years$2,686$2,248$1,872$1,551$1,280$751
18 years$2,511$2,078$1,709$1,398$1,138$642
19 years$2,354$1,925$1,564$1,263$1,015$550
20 years$2,213$1,789$1,436$1,144$906$473
21 years$2,085$1,667$1,321$1,038$811$406
22 years$1,969$1,556$1,217$944$727$350
23 years$1,864$1,455$1,124$860$653$301
24 years$1,767$1,363$1,039$784$587$260
25 years$1,678$1,279$963$716$528$224
26 years$1,597$1,202$893$655$475$193
27 years$1,521$1,132$829$599$429$167
28 years$1,451$1,066$771$549$387$144
29 years$1,386$1,006$717$504$349$125
30 years$1,325$950$668$462$316$108
31 years$1,269$898$623$424$285$93
32 years$1,216$850$581$390$258$81
33 years$1,166$805$543$359$234$70
34 years$1,119$763$507$330$211$60
35 years$1,075$723$474$304$192$52
36 years$1,034$687$443$280$174$45
37 years$995$652$415$258$157$39
38 years$958$620$389$238$143$34
39 years$923$589$364$219$129$29
40 years$890$561$341$202$117$25
41 years$859$534$320$186$106$22
42 years$829$508$300$172$97$19
43 years$800$484$282$159$88$17
44 years$773$462$264$147$80$14
45 years$748$440$248$135$72$12
46 years$723$420$233$125$66$11
47 years$700$401$219$116$60$9
48 years$677$383$206$107$54$8
49 years$656$365$193$99$49$7
50 years$636$349$182$91$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $651,000, adding $3,207 every year, while hoping to spend $39,629 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: 49/32/19 Blend
62$651,000$651,000$651,000$651,000
63$720,710$686,207$676,117$752,042
64$752,057$677,666$656,601$765,545
65$785,274$667,379$635,104$775,903
66$820,509$655,217$611,517$786,314
67$857,925$641,046$585,727$796,798
68$897,699$624,724$557,615$807,381
69$940,026$606,097$527,057$818,092
70$985,120$585,007$493,925$828,968
71$1,033,214$561,284$458,083$840,052
72$1,084,563$534,748$419,390$851,392
73$1,139,448$505,210$377,698$863,049
74$1,198,174$472,469$332,854$875,091
75$1,261,080$436,312$284,697$887,595
76$1,328,534$396,515$233,058$900,655
77$1,400,942$352,841$177,762$914,373
78$1,478,747$305,039$118,626$928,871
79$1,562,437$252,844$55,459$944,286
80$1,652,550$195,977$0$960,773
81$1,749,672$134,142$0$980,934
82$1,854,450$67,027$0$1,014,703
83$1,967,595$0$0$1,051,098
84$2,089,886$0$0$1,092,429
85$2,222,181$0$0$1,162,730
86$2,365,423$0$0$1,238,906
87$2,520,647$0$0$1,321,515
88$2,688,994$0$0$1,411,172
89$2,871,716$0$0$1,508,552
90$3,070,192$0$0$1,614,399
91$3,285,938$0$0$1,729,528
92$3,520,621$0$0$1,854,841
93$3,776,077$0$0$1,991,326
94$4,054,324$0$0$2,140,072
95$4,357,585$0$0$2,302,278
96$4,688,305$0$0$2,479,262
97$5,049,174$0$0$2,672,476
98$5,443,157$0$0$2,883,518
99$5,873,513$0$0$3,114,148
100$6,343,832$0$0$3,366,302