Can I retire at age 63 with 626,000?

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 $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%18.8%
1 years$51,694$51,234$50,785$50,346$49,918$48,147
2 years$25,591$25,115$24,653$24,205$23,771$22,005
3 years$16,891$16,413$15,952$15,508$15,081$13,377
4 years$12,542$12,065$11,609$11,173$10,756$9,126
5 years$9,934$9,459$9,009$8,582$8,176$6,625
6 years$8,195$7,724$7,281$6,863$6,470$4,997
7 years$6,954$6,487$6,050$5,642$5,262$3,869
8 years$6,023$5,560$5,131$4,733$4,365$3,050
9 years$5,299$4,841$4,419$4,032$3,676$2,437
10 years$4,721$4,267$3,853$3,475$3,132$1,968
11 years$4,248$3,799$3,392$3,025$2,694$1,601
12 years$3,854$3,410$3,010$2,653$2,334$1,311
13 years$3,521$3,081$2,690$2,342$2,036$1,079
14 years$3,236$2,801$2,417$2,079$1,784$891
15 years$2,989$2,559$2,182$1,854$1,571$739
16 years$2,773$2,348$1,978$1,660$1,389$614
17 years$2,583$2,162$1,800$1,492$1,231$511
18 years$2,414$1,998$1,643$1,344$1,095$427
19 years$2,263$1,852$1,504$1,215$976$356
20 years$2,128$1,721$1,381$1,100$872$298
21 years$2,005$1,603$1,270$998$780$250
22 years$1,894$1,496$1,170$908$699$209
23 years$1,792$1,399$1,081$827$628$176
24 years$1,699$1,311$999$754$564$147
25 years$1,614$1,230$926$689$508$124
26 years$1,535$1,156$858$630$457$104
27 years$1,463$1,088$797$576$412$87
28 years$1,395$1,025$741$528$372$73
29 years$1,333$967$690$484$336$62
30 years$1,274$914$642$444$303$52
31 years$1,220$864$599$408$274$44
32 years$1,169$817$559$375$248$37
33 years$1,121$774$522$345$225$31
34 years$1,076$733$487$317$203$26
35 years$1,034$696$456$292$184$22
36 years$994$660$426$269$167$18
37 years$957$627$399$248$151$15
38 years$921$596$374$229$137$13
39 years$888$567$350$211$124$11
40 years$856$539$328$194$113$9
41 years$826$513$308$179$102$8
42 years$797$489$289$165$93$7
43 years$770$466$271$153$84$5
44 years$744$444$254$141$76$5
45 years$719$423$239$130$69$4
46 years$695$404$224$120$63$3
47 years$673$385$211$111$57$3
48 years$651$368$198$103$52$2
49 years$631$351$186$95$47$2
50 years$611$336$175$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $626,000, adding $2,826 every year, while hoping to spend $56,226 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: 65/20/15 Blend
62$626,000$626,000$626,000$626,000
63$692,767$659,589$649,886$735,123
64$703,605$632,085$611,833$736,306
65$713,664$601,349$570,621$730,827
66$722,806$567,162$526,085$723,457
67$730,875$529,296$478,051$714,008
68$737,698$487,506$426,340$702,280
69$743,085$441,535$370,764$688,051
70$746,820$391,110$311,125$671,080
71$748,666$335,946$247,218$651,106
72$748,360$275,736$178,829$627,842
73$745,606$210,161$105,734$600,977
74$740,081$138,882$27,699$570,170
75$731,423$61,541$0$535,049
76$719,231$0$0$504,104
77$703,061$0$0$478,202
78$682,421$0$0$462,618
79$656,767$0$0$443,417
80$625,496$0$0$420,166
81$587,940$0$0$392,386
82$543,360$0$0$359,548
83$490,940$0$0$321,065
84$429,776$0$0$276,290
85$358,870$0$0$224,505
86$277,116$0$0$164,920
87$183,295$0$0$96,658
88$76,059$0$0$18,754
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
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