Can I retire at age 63 with 674,000?

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 $674,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$55,658$55,163$54,679$54,207$53,746$52,004
2 years$27,554$27,040$26,543$26,061$25,593$23,855
3 years$18,187$17,671$17,175$16,697$16,237$14,557
4 years$13,504$12,990$12,499$12,030$11,581$9,971
5 years$10,695$10,184$9,700$9,240$8,803$7,269
6 years$8,823$8,316$7,839$7,389$6,966$5,508
7 years$7,487$6,984$6,514$6,075$5,665$4,283
8 years$6,485$5,987$5,525$5,096$4,700$3,393
9 years$5,706$5,212$4,758$4,341$3,958$2,725
10 years$5,083$4,595$4,148$3,742$3,372$2,211
11 years$4,574$4,090$3,652$3,257$2,900$1,809
12 years$4,150$3,671$3,241$2,856$2,513$1,489
13 years$3,791$3,318$2,896$2,522$2,192$1,232
14 years$3,484$3,016$2,602$2,239$1,921$1,023
15 years$3,218$2,755$2,349$1,996$1,692$853
16 years$2,986$2,528$2,130$1,788$1,495$713
17 years$2,781$2,328$1,938$1,606$1,326$597
18 years$2,599$2,151$1,769$1,447$1,179$501
19 years$2,437$1,993$1,620$1,308$1,051$421
20 years$2,291$1,852$1,486$1,185$938$355
21 years$2,159$1,725$1,367$1,075$840$299
22 years$2,039$1,611$1,260$977$753$252
23 years$1,930$1,506$1,163$890$676$213
24 years$1,830$1,411$1,076$812$607$180
25 years$1,738$1,325$997$741$546$152
26 years$1,653$1,245$924$678$492$128
27 years$1,575$1,172$858$621$444$109
28 years$1,502$1,104$798$569$400$92
29 years$1,435$1,041$743$521$362$78
30 years$1,372$984$692$479$327$66
31 years$1,313$930$645$439$295$56
32 years$1,258$880$602$404$267$47
33 years$1,207$833$562$371$242$40
34 years$1,159$790$525$342$219$34
35 years$1,113$749$491$315$198$29
36 years$1,070$711$459$290$180$24
37 years$1,030$675$430$267$163$21
38 years$992$642$402$246$148$17
39 years$956$610$377$227$134$15
40 years$921$581$353$209$121$12
41 years$889$553$331$193$110$11
42 years$858$526$311$178$100$9
43 years$829$501$292$164$91$8
44 years$801$478$274$152$82$6
45 years$774$456$257$140$75$5
46 years$749$435$241$130$68$5
47 years$725$415$227$120$62$4
48 years$701$396$213$111$56$3
49 years$679$378$200$102$51$3
50 years$658$361$188$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $674,000, adding $5,994 every year, while hoping to spend $57,255 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: 73/13/14 Blend
62$674,000$674,000$674,000$674,000
63$748,931$713,209$702,762$800,899
64$764,403$687,237$665,385$810,134
65$779,534$658,074$624,838$812,627
66$794,229$625,502$580,953$813,827
67$808,382$589,293$533,556$813,591
68$821,872$549,203$482,465$811,764
69$834,565$504,977$427,490$808,175
70$846,313$456,343$368,433$802,640
71$856,947$403,014$305,086$794,954
72$866,282$344,688$237,232$784,896
73$874,109$281,044$164,646$772,222
74$880,198$211,745$87,092$756,666
75$884,292$136,434$4,323$737,936
76$886,104$54,733$0$715,716
77$885,316$0$0$702,204
78$881,577$0$0$690,804
79$874,494$0$0$684,527
80$863,632$0$0$675,192
81$848,511$0$0$662,411
82$828,596$0$0$645,755
83$803,297$0$0$624,746
84$771,957$0$0$598,859
85$733,853$0$0$567,508
86$688,182$0$0$530,047
87$634,055$0$0$485,762
88$570,492$0$0$433,862
89$496,405$0$0$373,473
90$410,596$0$0$303,628
91$311,735$0$0$223,258
92$198,358$0$0$131,183
93$68,843$0$0$26,100
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0