Can I retire at age 63 with 658,000?

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 $658,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$54,337$53,853$53,381$52,920$52,470$51,900
2 years$26,900$26,399$25,913$25,442$24,986$24,412
3 years$17,755$17,252$16,767$16,301$15,852$15,292
4 years$13,183$12,682$12,202$11,744$11,306$10,764
5 years$10,441$9,943$9,470$9,021$8,594$8,073
6 years$8,614$8,119$7,653$7,214$6,800$6,299
7 years$7,309$6,818$6,360$5,931$5,531$5,050
8 years$6,331$5,845$5,393$4,975$4,588$4,128
9 years$5,570$5,089$4,645$4,238$3,864$3,424
10 years$4,962$4,485$4,050$3,653$3,292$2,873
11 years$4,465$3,993$3,565$3,179$2,831$2,432
12 years$4,051$3,584$3,164$2,789$2,454$2,073
13 years$3,701$3,239$2,827$2,462$2,140$1,778
14 years$3,402$2,944$2,540$2,185$1,876$1,533
15 years$3,142$2,689$2,293$1,949$1,651$1,326
16 years$2,915$2,468$2,079$1,745$1,460$1,152
17 years$2,715$2,273$1,892$1,568$1,294$1,003
18 years$2,538$2,100$1,727$1,413$1,151$876
19 years$2,379$1,946$1,581$1,277$1,026$766
20 years$2,236$1,808$1,451$1,156$916$672
21 years$2,107$1,685$1,335$1,050$820$590
22 years$1,990$1,572$1,230$954$735$519
23 years$1,884$1,471$1,136$869$660$457
24 years$1,786$1,378$1,050$793$593$402
25 years$1,696$1,293$973$724$534$355
26 years$1,614$1,215$902$662$481$313
27 years$1,537$1,144$838$606$433$277
28 years$1,467$1,078$779$555$391$245
29 years$1,401$1,017$725$509$353$216
30 years$1,339$960$675$467$319$191
31 years$1,282$908$629$429$288$169
32 years$1,229$859$587$394$261$150
33 years$1,178$813$548$363$236$133
34 years$1,131$771$512$334$214$118
35 years$1,087$731$479$307$194$104
36 years$1,045$694$448$283$175$93
37 years$1,006$659$419$261$159$82
38 years$968$626$393$240$144$73
39 years$933$596$368$221$131$65
40 years$900$567$345$204$119$57
41 years$868$539$323$188$108$51
42 years$838$514$303$174$98$45
43 years$809$490$285$161$89$40
44 years$782$467$267$148$80$35
45 years$756$445$251$137$73$32
46 years$731$424$236$126$66$28
47 years$707$405$221$117$60$25
48 years$685$387$208$108$55$22
49 years$663$369$196$100$50$20
50 years$642$353$184$92$45$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $658,000, adding $6,811 every year, while hoping to spend $29,939 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: 47/31/22 Blend
62$658,000$658,000$658,000$658,000
63$732,142$697,268$687,069$761,673
64$774,965$699,579$678,230$785,336
65$821,153$701,000$668,093$807,487
66$871,018$701,456$656,581$830,917
67$924,900$700,866$643,615$855,761
68$983,178$699,146$629,114$882,167
69$1,046,264$696,206$612,991$910,299
70$1,114,613$691,950$595,156$940,344
71$1,188,725$686,277$575,516$972,504
72$1,269,149$679,079$553,970$1,007,007
73$1,356,491$670,243$530,417$1,044,107
74$1,451,416$659,647$504,748$1,084,084
75$1,554,654$647,164$476,851$1,127,249
76$1,667,011$632,657$446,608$1,173,949
77$1,789,373$615,984$413,896$1,224,568
78$1,922,714$596,992$378,586$1,279,532
79$2,068,107$575,521$340,545$1,339,314
80$2,226,732$551,399$299,631$1,404,439
81$2,399,888$524,448$255,699$1,475,486
82$2,589,007$494,476$208,595$1,553,102
83$2,795,662$461,281$158,159$1,637,998
84$3,021,587$424,651$104,225$1,730,966
85$3,268,690$384,361$46,618$1,832,883
86$3,539,074$340,172$0$1,944,716
87$3,835,051$291,832$0$2,071,029
88$4,159,170$239,076$0$2,221,427
89$4,514,237$181,622$0$2,386,315
90$4,903,342$119,175$0$2,567,199
91$5,329,889$51,420$0$2,765,739
92$5,797,625$0$0$2,983,768
93$6,310,679$0$0$3,230,806
94$6,873,598$0$0$3,521,175
95$7,491,390$0$0$3,839,928
96$8,169,572$0$0$4,189,920
97$8,914,222$0$0$4,574,300
98$9,732,035$0$0$4,996,531
99$10,630,383$0$0$5,460,433
100$11,617,392$0$0$5,970,213