Can I retire at age 63 with 627,000?

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 $627,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$51,777$51,316$50,866$50,427$49,998$49,579
2 years$25,632$25,155$24,692$24,244$23,809$23,386
3 years$16,918$16,439$15,977$15,533$15,105$14,693
4 years$12,562$12,084$11,628$11,191$10,773$10,374
5 years$9,949$9,474$9,023$8,596$8,190$7,804
6 years$8,208$7,736$7,292$6,874$6,480$6,109
7 years$6,965$6,497$6,060$5,651$5,270$4,914
8 years$6,033$5,569$5,139$4,741$4,372$4,031
9 years$5,308$4,849$4,426$4,038$3,682$3,355
10 years$4,729$4,274$3,859$3,481$3,137$2,825
11 years$4,255$3,805$3,397$3,029$2,698$2,400
12 years$3,860$3,415$3,015$2,657$2,338$2,054
13 years$3,527$3,086$2,694$2,346$2,039$1,769
14 years$3,241$2,805$2,420$2,082$1,787$1,531
15 years$2,994$2,563$2,185$1,857$1,574$1,330
16 years$2,778$2,351$1,981$1,663$1,391$1,160
17 years$2,587$2,165$1,803$1,494$1,233$1,014
18 years$2,418$2,001$1,646$1,346$1,096$889
19 years$2,267$1,854$1,507$1,217$977$782
20 years$2,131$1,723$1,383$1,102$873$688
21 years$2,008$1,605$1,272$1,000$781$607
22 years$1,897$1,498$1,172$909$700$536
23 years$1,795$1,401$1,082$828$629$474
24 years$1,702$1,313$1,001$755$565$420
25 years$1,617$1,232$927$690$508$372
26 years$1,538$1,158$860$631$458$330
27 years$1,465$1,090$798$577$413$293
28 years$1,397$1,027$742$529$373$260
29 years$1,335$969$691$485$336$231
30 years$1,276$915$643$445$304$205
31 years$1,222$865$600$409$275$183
32 years$1,171$818$560$376$249$163
33 years$1,123$775$523$346$225$145
34 years$1,078$735$488$318$204$129
35 years$1,036$697$456$293$184$115
36 years$996$661$427$270$167$102
37 years$958$628$400$248$151$91
38 years$923$597$374$229$137$81
39 years$889$568$351$211$125$72
40 years$857$540$329$195$113$65
41 years$827$514$308$180$102$58
42 years$798$490$289$166$93$51
43 years$771$466$271$153$84$46
44 years$745$445$255$141$77$41
45 years$720$424$239$130$70$37
46 years$697$404$225$121$63$33
47 years$674$386$211$111$57$29
48 years$652$368$198$103$52$26
49 years$632$352$186$95$47$23
50 years$612$336$175$88$43$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $627,000, adding $2,136 every year, while hoping to spend $49,266 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: 85/8/7 Blend
62$627,000$627,000$627,000$627,000
63$693,157$659,926$650,208$751,496
64$711,441$639,844$619,571$769,798
65$729,938$617,127$586,257$782,961
66$748,618$591,593$550,123$795,861
67$767,448$563,051$511,023$808,438
68$786,385$531,298$468,800$820,626
69$805,385$496,121$423,293$832,352
70$824,395$457,291$374,334$843,538
71$843,355$414,570$321,746$854,093
72$862,197$367,704$265,345$863,919
73$880,845$316,425$204,937$872,910
74$899,212$260,451$140,324$880,946
75$917,201$199,483$71,294$887,895
76$934,703$133,204$0$893,614
77$951,594$61,283$0$898,119
78$967,737$0$0$906,752
79$982,977$0$0$915,471
80$997,143$0$0$928,574
81$1,010,041$0$0$940,484
82$1,021,458$0$0$951,000
83$1,031,153$0$0$959,899
84$1,038,861$0$0$966,931
85$1,044,284$0$0$971,817
86$1,047,094$0$0$974,248
87$1,046,924$0$0$973,882
88$1,043,366$0$0$970,336
89$1,035,970$0$0$963,188
90$1,024,234$0$0$951,968
91$1,007,603$0$0$936,156
92$985,461$0$0$915,174
93$957,125$0$0$888,383
94$921,840$0$0$855,074
95$878,770$0$0$814,465
96$826,987$0$0$765,687
97$765,468$0$0$707,781
98$693,080$0$0$639,683
99$608,568$0$0$560,221
100$510,547$0$0$468,095