Can I retire at age 63 with 672,000?

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 $672,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$55,493$54,999$54,517$54,046$53,586$52,742
2 years$27,472$26,960$26,464$25,984$25,517$24,669
3 years$18,133$17,619$17,124$16,648$16,189$15,363
4 years$13,464$12,952$12,462$11,994$11,546$10,749
5 years$10,663$10,154$9,671$9,212$8,777$8,011
6 years$8,797$8,292$7,816$7,367$6,945$6,210
7 years$7,464$6,963$6,495$6,057$5,648$4,946
8 years$6,465$5,969$5,508$5,081$4,686$4,015
9 years$5,689$5,197$4,744$4,328$3,946$3,307
10 years$5,068$4,581$4,136$3,731$3,362$2,754
11 years$4,560$4,078$3,641$3,247$2,892$2,314
12 years$4,138$3,660$3,232$2,848$2,506$1,958
13 years$3,780$3,308$2,887$2,514$2,185$1,666
14 years$3,474$3,007$2,594$2,232$1,916$1,425
15 years$3,209$2,747$2,342$1,990$1,687$1,223
16 years$2,977$2,520$2,124$1,782$1,491$1,053
17 years$2,773$2,321$1,932$1,601$1,322$909
18 years$2,592$2,145$1,764$1,443$1,175$787
19 years$2,430$1,988$1,615$1,304$1,047$683
20 years$2,284$1,847$1,482$1,181$936$593
21 years$2,152$1,720$1,363$1,072$837$516
22 years$2,033$1,606$1,256$975$750$450
23 years$1,924$1,502$1,160$888$674$392
24 years$1,824$1,407$1,073$809$606$342
25 years$1,733$1,321$994$739$545$299
26 years$1,648$1,241$922$676$491$262
27 years$1,570$1,168$856$619$442$229
28 years$1,498$1,101$796$567$399$200
29 years$1,431$1,038$740$520$361$175
30 years$1,368$981$690$477$326$154
31 years$1,309$927$643$438$295$135
32 years$1,255$877$600$403$266$118
33 years$1,203$831$560$370$241$104
34 years$1,155$787$523$341$218$91
35 years$1,110$747$489$314$198$80
36 years$1,067$709$458$289$179$70
37 years$1,027$673$428$266$162$61
38 years$989$640$401$245$147$54
39 years$953$608$376$226$133$47
40 years$919$579$352$209$121$42
41 years$886$551$330$192$110$37
42 years$856$525$310$178$100$32
43 years$826$500$291$164$90$28
44 years$798$477$273$151$82$25
45 years$772$454$256$140$75$22
46 years$747$434$241$129$68$19
47 years$722$414$226$119$61$17
48 years$699$395$212$110$56$15
49 years$677$377$200$102$51$13
50 years$656$360$188$94$46$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $672,000, adding $3,638 every year, while hoping to spend $50,737 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: 58/13/29 Blend
62$672,000$672,000$672,000$672,000
63$744,297$708,681$698,265$781,365
64$766,231$689,422$667,673$787,934
65$788,702$667,520$634,355$789,452
66$811,712$642,790$598,168$790,073
67$835,259$615,039$558,959$789,723
68$859,341$584,062$516,570$788,327
69$883,955$549,642$470,836$785,803
70$909,094$511,550$421,585$782,064
71$934,748$469,542$368,635$777,017
72$960,907$423,364$311,798$770,564
73$987,554$372,744$250,878$762,598
74$1,014,671$317,395$185,669$753,007
75$1,042,236$257,015$115,957$741,672
76$1,070,220$191,285$41,518$728,464
77$1,098,591$119,867$0$713,247
78$1,127,312$42,405$0$707,609
79$1,156,336$0$0$714,132
80$1,185,614$0$0$725,802
81$1,215,084$0$0$743,630
82$1,244,680$0$0$761,507
83$1,274,323$0$0$779,381
84$1,303,924$0$0$797,195
85$1,333,382$0$0$814,882
86$1,362,583$0$0$832,369
87$1,391,398$0$0$849,573
88$1,419,682$0$0$866,399
89$1,447,272$0$0$882,742
90$1,473,984$0$0$898,482
91$1,499,611$0$0$913,488
92$1,523,924$0$0$927,610
93$1,546,664$0$0$940,682
94$1,567,544$0$0$952,519
95$1,586,241$0$0$962,914
96$1,602,398$0$0$971,636
97$1,615,616$0$0$978,429
98$1,625,450$0$0$983,007
99$1,631,405$0$0$985,052
100$1,632,933$0$0$984,212