Can I retire at age 63 with 624,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.1%
1 years$51,529$51,070$50,623$50,185$49,759$49,116
2 years$25,510$25,034$24,574$24,128$23,695$23,049
3 years$16,837$16,360$15,901$15,459$15,033$14,403
4 years$12,502$12,027$11,572$11,137$10,722$10,113
5 years$9,902$9,429$8,980$8,554$8,150$7,564
6 years$8,169$7,699$7,257$6,841$6,449$5,887
7 years$6,931$6,466$6,031$5,624$5,245$4,706
8 years$6,004$5,543$5,115$4,718$4,351$3,836
9 years$5,283$4,826$4,405$4,019$3,664$3,173
10 years$4,706$4,254$3,841$3,464$3,122$2,654
11 years$4,235$3,787$3,381$3,015$2,685$2,239
12 years$3,842$3,399$3,001$2,645$2,327$1,903
13 years$3,510$3,072$2,681$2,335$2,029$1,627
14 years$3,226$2,792$2,409$2,073$1,779$1,398
15 years$2,980$2,551$2,175$1,848$1,566$1,205
16 years$2,765$2,340$1,972$1,655$1,384$1,043
17 years$2,575$2,155$1,794$1,487$1,227$905
18 years$2,407$1,991$1,638$1,340$1,091$788
19 years$2,256$1,846$1,499$1,211$973$687
20 years$2,121$1,715$1,376$1,097$869$600
21 years$1,999$1,597$1,266$995$777$525
22 years$1,888$1,491$1,167$905$697$459
23 years$1,786$1,395$1,077$824$626$403
24 years$1,694$1,307$996$752$562$354
25 years$1,609$1,226$923$686$506$311
26 years$1,530$1,153$856$628$456$273
27 years$1,458$1,085$795$575$411$240
28 years$1,391$1,022$739$526$371$212
29 years$1,328$964$687$483$335$186
30 years$1,270$911$640$443$302$164
31 years$1,216$861$597$407$273$145
32 years$1,165$814$557$374$247$128
33 years$1,117$771$520$344$224$113
34 years$1,073$731$486$316$203$99
35 years$1,031$693$454$291$184$88
36 years$991$658$425$268$166$77
37 years$954$625$398$247$151$68
38 years$918$594$372$228$137$60
39 years$885$565$349$210$124$53
40 years$853$537$327$194$112$47
41 years$823$512$307$179$102$42
42 years$794$487$288$165$93$37
43 years$767$464$270$152$84$32
44 years$741$443$253$141$76$29
45 years$717$422$238$130$69$25
46 years$693$403$223$120$63$22
47 years$671$384$210$111$57$20
48 years$649$367$197$102$52$18
49 years$629$350$185$95$47$15
50 years$609$335$174$87$43$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $624,000, adding $2,877 every year, while hoping to spend $31,065 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: 50/32/18 Blend
62$624,000$624,000$624,000$624,000
63$690,616$657,544$647,872$721,561
64$728,006$656,710$636,522$742,391
65$768,168$654,795$623,752$761,578
66$811,353$651,712$609,479$781,761
67$857,835$647,370$593,621$803,045
68$907,916$641,673$576,089$825,549
69$961,926$634,517$556,791$849,402
70$1,020,230$625,796$535,630$874,752
71$1,083,226$615,393$512,507$901,760
72$1,151,354$603,186$487,315$930,609
73$1,225,097$589,047$459,945$961,500
74$1,304,985$572,839$430,281$994,660
75$1,391,603$554,417$398,205$1,030,338
76$1,485,590$533,627$363,589$1,068,814
77$1,587,654$510,309$326,303$1,110,397
78$1,698,571$484,289$286,209$1,155,432
79$1,819,193$455,388$243,165$1,204,303
80$1,950,461$423,412$197,022$1,257,434
81$2,093,408$388,159$147,622$1,315,299
82$2,249,172$349,415$94,804$1,378,422
83$2,419,004$306,953$38,396$1,447,384
84$2,604,282$260,534$0$1,522,833
85$2,806,523$209,904$0$1,609,670
86$3,027,395$154,796$0$1,712,646
87$3,268,736$94,927$0$1,825,295
88$3,532,569$30,001$0$1,948,632
89$3,821,121$0$0$2,083,777
90$4,136,845$0$0$2,246,162
91$4,482,441$0$0$2,435,538
92$4,860,883$0$0$2,642,980
93$5,275,444$0$0$2,870,289
94$5,729,731$0$0$3,119,452
95$6,227,715$0$0$3,392,656
96$6,773,771$0$0$3,692,310
97$7,372,715$0$0$4,021,067
98$8,029,854$0$0$4,381,850
99$8,751,033$0$0$4,777,877
100$9,542,689$0$0$5,212,696