Can I retire at age 63 with 626,000?

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 $626,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$51,694$51,234$50,785$50,346$49,918$49,583
2 years$25,591$25,115$24,653$24,205$23,771$23,432
3 years$16,891$16,413$15,952$15,508$15,081$14,750
4 years$12,542$12,065$11,609$11,173$10,756$10,435
5 years$9,934$9,459$9,009$8,582$8,176$7,867
6 years$8,195$7,724$7,281$6,863$6,470$6,172
7 years$6,954$6,487$6,050$5,642$5,262$4,975
8 years$6,023$5,560$5,131$4,733$4,365$4,090
9 years$5,299$4,841$4,419$4,032$3,676$3,413
10 years$4,721$4,267$3,853$3,475$3,132$2,881
11 years$4,248$3,799$3,392$3,025$2,694$2,453
12 years$3,854$3,410$3,010$2,653$2,334$2,105
13 years$3,521$3,081$2,690$2,342$2,036$1,817
14 years$3,236$2,801$2,417$2,079$1,784$1,576
15 years$2,989$2,559$2,182$1,854$1,571$1,373
16 years$2,773$2,348$1,978$1,660$1,389$1,201
17 years$2,583$2,162$1,800$1,492$1,231$1,053
18 years$2,414$1,998$1,643$1,344$1,095$926
19 years$2,263$1,852$1,504$1,215$976$816
20 years$2,128$1,721$1,381$1,100$872$721
21 years$2,005$1,603$1,270$998$780$638
22 years$1,894$1,496$1,170$908$699$565
23 years$1,792$1,399$1,081$827$628$501
24 years$1,699$1,311$999$754$564$445
25 years$1,614$1,230$926$689$508$395
26 years$1,535$1,156$858$630$457$352
27 years$1,463$1,088$797$576$412$313
28 years$1,395$1,025$741$528$372$279
29 years$1,333$967$690$484$336$249
30 years$1,274$914$642$444$303$222
31 years$1,220$864$599$408$274$198
32 years$1,169$817$559$375$248$177
33 years$1,121$774$522$345$225$158
34 years$1,076$733$487$317$203$141
35 years$1,034$696$456$292$184$126
36 years$994$660$426$269$167$113
37 years$957$627$399$248$151$101
38 years$921$596$374$229$137$90
39 years$888$567$350$211$124$81
40 years$856$539$328$194$113$72
41 years$826$513$308$179$102$65
42 years$797$489$289$165$93$58
43 years$770$466$271$153$84$52
44 years$744$444$254$141$76$46
45 years$719$423$239$130$69$41
46 years$695$404$224$120$63$37
47 years$673$385$211$111$57$33
48 years$651$368$198$103$52$30
49 years$631$351$186$95$47$27
50 years$611$336$175$88$43$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $626,000, adding $5,976 every year, while hoping to spend $45,105 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: 74/14/12 Blend
62$626,000$626,000$626,000$626,000
63$696,016$662,838$653,135$745,401
64$719,019$647,326$627,024$763,320
65$742,855$629,542$598,526$776,742
66$767,564$609,327$567,514$790,212
67$793,185$586,513$533,855$803,719
68$819,760$560,922$497,409$817,255
69$847,334$532,366$458,031$830,812
70$875,955$500,645$415,568$844,379
71$905,675$465,549$369,862$857,950
72$936,547$426,855$320,747$871,514
73$968,632$384,327$268,048$885,065
74$1,001,991$337,718$211,586$898,593
75$1,036,690$286,763$151,171$912,092
76$1,072,803$231,184$86,605$925,555
77$1,110,406$170,689$17,684$938,977
78$1,149,582$104,968$0$952,353
79$1,190,421$33,692$0$972,834
80$1,233,017$0$0$996,146
81$1,277,476$0$0$1,026,753
82$1,323,908$0$0$1,064,144
83$1,372,434$0$0$1,103,229
84$1,423,184$0$0$1,144,112
85$1,476,301$0$0$1,186,909
86$1,531,935$0$0$1,231,743
87$1,590,254$0$0$1,278,748
88$1,651,435$0$0$1,328,072
89$1,715,676$0$0$1,379,871
90$1,783,186$0$0$1,434,318
91$1,854,196$0$0$1,491,601
92$1,928,957$0$0$1,551,923
93$2,007,741$0$0$1,615,504
94$2,090,844$0$0$1,682,588
95$2,178,591$0$0$1,753,437
96$2,271,335$0$0$1,828,338
97$2,369,460$0$0$1,907,604
98$2,473,387$0$0$1,991,578
99$2,583,575$0$0$2,080,634
100$2,700,526$0$0$2,175,179