Can I retire at age 63 with 624,000?

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 $624,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$51,529$51,070$50,623$50,185$49,759$49,198
2 years$25,510$25,034$24,574$24,128$23,695$23,130
3 years$16,837$16,360$15,901$15,459$15,033$14,482
4 years$12,502$12,027$11,572$11,137$10,722$10,189
5 years$9,902$9,429$8,980$8,554$8,150$7,637
6 years$8,169$7,699$7,257$6,841$6,449$5,956
7 years$6,931$6,466$6,031$5,624$5,245$4,772
8 years$6,004$5,543$5,115$4,718$4,351$3,899
9 years$5,283$4,826$4,405$4,019$3,664$3,232
10 years$4,706$4,254$3,841$3,464$3,122$2,710
11 years$4,235$3,787$3,381$3,015$2,685$2,293
12 years$3,842$3,399$3,001$2,645$2,327$1,954
13 years$3,510$3,072$2,681$2,335$2,029$1,674
14 years$3,226$2,792$2,409$2,073$1,779$1,442
15 years$2,980$2,551$2,175$1,848$1,566$1,247
16 years$2,765$2,340$1,972$1,655$1,384$1,082
17 years$2,575$2,155$1,794$1,487$1,227$942
18 years$2,407$1,991$1,638$1,340$1,091$822
19 years$2,256$1,846$1,499$1,211$973$719
20 years$2,121$1,715$1,376$1,097$869$629
21 years$1,999$1,597$1,266$995$777$552
22 years$1,888$1,491$1,167$905$697$485
23 years$1,786$1,395$1,077$824$626$427
24 years$1,694$1,307$996$752$562$376
25 years$1,609$1,226$923$686$506$331
26 years$1,530$1,153$856$628$456$292
27 years$1,458$1,085$795$575$411$258
28 years$1,391$1,022$739$526$371$228
29 years$1,328$964$687$483$335$201
30 years$1,270$911$640$443$302$178
31 years$1,216$861$597$407$273$157
32 years$1,165$814$557$374$247$139
33 years$1,117$771$520$344$224$123
34 years$1,073$731$486$316$203$109
35 years$1,031$693$454$291$184$97
36 years$991$658$425$268$166$86
37 years$954$625$398$247$151$76
38 years$918$594$372$228$137$67
39 years$885$565$349$210$124$60
40 years$853$537$327$194$112$53
41 years$823$512$307$179$102$47
42 years$794$487$288$165$93$41
43 years$767$464$270$152$84$37
44 years$741$443$253$141$76$33
45 years$717$422$238$130$69$29
46 years$693$403$223$120$63$26
47 years$671$384$210$111$57$23
48 years$649$367$197$102$52$20
49 years$629$350$185$95$47$18
50 years$609$335$174$87$43$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $624,000, adding $4,573 every year, while hoping to spend $23,766 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: 66/22/12 Blend
62$624,000$624,000$624,000$624,000
63$692,365$659,293$649,621$735,901
64$737,699$666,312$646,097$772,520
65$786,861$672,877$641,657$809,307
66$840,216$678,943$636,248$848,910
67$898,166$684,459$629,810$891,601
68$961,152$689,371$622,282$937,684
69$1,029,661$693,622$613,600$987,491
70$1,104,228$697,151$603,697$1,041,387
71$1,185,441$699,893$592,502$1,099,778
72$1,273,948$701,780$579,943$1,163,111
73$1,370,463$702,739$565,943$1,231,876
74$1,475,768$702,691$550,421$1,306,618
75$1,590,729$701,555$533,292$1,387,934
76$1,716,295$699,243$514,469$1,476,484
77$1,853,513$695,663$493,860$1,572,999
78$2,003,536$690,714$471,368$1,678,279
79$2,167,631$684,294$446,894$1,793,213
80$2,347,196$676,290$420,331$1,918,777
81$2,543,767$666,586$391,570$2,056,048
82$2,759,040$655,057$360,496$2,206,217
83$2,994,878$641,571$326,989$2,370,593
84$3,253,336$625,989$290,923$2,550,624
85$3,536,676$608,161$252,168$2,747,903
86$3,847,388$587,933$210,587$2,964,191
87$4,188,217$565,137$166,038$3,201,426
88$4,562,185$539,599$118,370$3,461,749
89$4,972,622$511,132$67,429$3,747,518
90$5,423,193$479,542$13,051$4,061,335
91$5,917,938$444,619$0$4,406,069
92$6,461,307$406,145$0$4,790,643
93$7,058,202$363,887$0$5,214,945
94$7,714,022$317,601$0$5,681,172
95$8,434,715$267,027$0$6,193,591
96$9,226,837$211,891$0$6,756,905
97$10,097,605$151,905$0$7,376,299
98$11,054,976$86,764$0$8,057,487
99$12,107,712$16,143$0$8,806,769
100$13,265,468$0$0$9,631,089