Can I retire at age 63 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$55,163$54,671$54,192$53,724$53,267$52,022
2 years$27,308$26,800$26,307$25,829$25,365$24,118
3 years$18,025$17,514$17,022$16,549$16,093$14,882
4 years$13,384$12,875$12,388$11,923$11,478$10,313
5 years$10,600$10,094$9,613$9,158$8,725$7,609
6 years$8,745$8,242$7,769$7,323$6,904$5,839
7 years$7,420$6,922$6,456$6,021$5,615$4,600
8 years$6,427$5,933$5,475$5,051$4,658$3,694
9 years$5,655$5,166$4,716$4,302$3,923$3,008
10 years$5,038$4,554$4,111$3,709$3,342$2,476
11 years$4,533$4,054$3,620$3,228$2,874$2,055
12 years$4,113$3,639$3,212$2,831$2,491$1,718
13 years$3,758$3,288$2,870$2,499$2,172$1,444
14 years$3,453$2,989$2,579$2,219$1,904$1,218
15 years$3,190$2,730$2,328$1,979$1,677$1,032
16 years$2,959$2,505$2,111$1,772$1,482$877
17 years$2,756$2,307$1,921$1,592$1,314$747
18 years$2,576$2,132$1,753$1,435$1,168$638
19 years$2,415$1,976$1,605$1,296$1,041$546
20 years$2,270$1,836$1,473$1,174$930$467
21 years$2,139$1,710$1,355$1,065$832$401
22 years$2,021$1,596$1,249$969$746$344
23 years$1,912$1,493$1,153$882$670$296
24 years$1,813$1,399$1,066$805$602$254
25 years$1,722$1,313$988$735$542$219
26 years$1,638$1,234$916$672$488$189
27 years$1,561$1,161$851$615$440$162
28 years$1,489$1,094$791$564$397$140
29 years$1,422$1,032$736$517$358$121
30 years$1,360$975$685$474$324$104
31 years$1,302$922$639$436$293$90
32 years$1,247$872$596$400$265$78
33 years$1,196$826$557$368$240$67
34 years$1,148$783$520$339$217$58
35 years$1,103$742$486$312$197$50
36 years$1,061$705$455$287$178$43
37 years$1,021$669$426$265$161$37
38 years$983$636$399$244$146$32
39 years$947$605$374$225$133$28
40 years$913$575$350$207$120$24
41 years$881$548$328$191$109$21
42 years$850$522$308$177$99$18
43 years$821$497$289$163$90$15
44 years$794$474$271$151$82$13
45 years$767$452$255$139$74$12
46 years$742$431$239$128$67$10
47 years$718$411$225$119$61$9
48 years$695$393$211$110$55$7
49 years$673$375$199$101$50$6
50 years$652$358$187$94$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $668,000, adding $5,756 every year, while hoping to spend $25,793 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: 65/5/30 Blend
62$668,000$668,000$668,000$668,000
63$742,073$706,669$696,315$784,037
64$790,321$713,853$692,198$820,327
65$842,626$720,523$687,079$856,624
66$899,374$726,629$680,896$895,746
67$960,991$732,115$673,587$937,976
68$1,027,944$736,920$665,084$983,625
69$1,100,747$740,982$655,317$1,033,036
70$1,179,967$744,234$644,214$1,086,588
71$1,266,225$746,603$631,697$1,144,701
72$1,360,209$748,015$617,687$1,207,836
73$1,462,670$748,388$602,100$1,276,504
74$1,574,440$747,637$584,848$1,351,266
75$1,696,432$745,670$565,839$1,432,745
76$1,829,651$742,390$544,978$1,521,625
77$1,975,204$737,696$522,163$1,618,663
78$2,134,309$731,478$497,290$1,724,695
79$2,308,309$723,621$470,250$1,840,640
80$2,498,680$714,002$440,927$1,967,515
81$2,707,049$702,492$409,202$2,106,442
82$2,935,207$688,953$374,949$2,258,657
83$3,185,127$673,240$338,038$2,425,525
84$3,458,980$655,199$298,333$2,608,552
85$3,759,159$634,666$255,689$2,809,398
86$4,088,297$611,469$209,959$3,029,895
87$4,449,298$585,426$160,987$3,272,065
88$4,845,356$556,342$108,610$3,538,136
89$5,279,993$524,013$52,659$3,830,566
90$5,757,086$488,223$0$4,152,068
91$6,280,905$448,742$0$4,507,887
92$6,856,158$405,331$0$4,917,202
93$7,488,025$357,732$0$5,366,835
94$8,182,219$305,675$0$5,860,864
95$8,945,028$248,876$0$6,403,779
96$9,783,383$187,033$0$7,000,525
97$10,704,917$119,827$0$7,656,556
98$11,718,043$46,922$0$8,377,878
99$12,832,026$0$0$9,171,109
100$14,057,075$0$0$10,045,304