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%13.5%
1 years$51,777$51,316$50,866$50,427$49,998$49,271
2 years$25,632$25,155$24,692$24,244$23,809$23,078
3 years$16,918$16,439$15,977$15,533$15,105$14,393
4 years$12,562$12,084$11,628$11,191$10,773$10,085
5 years$9,949$9,474$9,023$8,596$8,190$7,528
6 years$8,208$7,736$7,292$6,874$6,480$5,846
7 years$6,965$6,497$6,060$5,651$5,270$4,663
8 years$6,033$5,569$5,139$4,741$4,372$3,792
9 years$5,308$4,849$4,426$4,038$3,682$3,129
10 years$4,729$4,274$3,859$3,481$3,137$2,611
11 years$4,255$3,805$3,397$3,029$2,698$2,198
12 years$3,860$3,415$3,015$2,657$2,338$1,863
13 years$3,527$3,086$2,694$2,346$2,039$1,588
14 years$3,241$2,805$2,420$2,082$1,787$1,361
15 years$2,994$2,563$2,185$1,857$1,574$1,171
16 years$2,778$2,351$1,981$1,663$1,391$1,010
17 years$2,587$2,165$1,803$1,494$1,233$874
18 years$2,418$2,001$1,646$1,346$1,096$758
19 years$2,267$1,854$1,507$1,217$977$659
20 years$2,131$1,723$1,383$1,102$873$574
21 years$2,008$1,605$1,272$1,000$781$501
22 years$1,897$1,498$1,172$909$700$437
23 years$1,795$1,401$1,082$828$629$382
24 years$1,702$1,313$1,001$755$565$334
25 years$1,617$1,232$927$690$508$293
26 years$1,538$1,158$860$631$458$257
27 years$1,465$1,090$798$577$413$225
28 years$1,397$1,027$742$529$373$198
29 years$1,335$969$691$485$336$173
30 years$1,276$915$643$445$304$152
31 years$1,222$865$600$409$275$134
32 years$1,171$818$560$376$249$118
33 years$1,123$775$523$346$225$103
34 years$1,078$735$488$318$204$91
35 years$1,036$697$456$293$184$80
36 years$996$661$427$270$167$70
37 years$958$628$400$248$151$62
38 years$923$597$374$229$137$55
39 years$889$568$351$211$125$48
40 years$857$540$329$195$113$42
41 years$827$514$308$180$102$37
42 years$798$490$289$166$93$33
43 years$771$466$271$153$84$29
44 years$745$445$255$141$77$25
45 years$720$424$239$130$70$22
46 years$697$404$225$121$63$20
47 years$674$386$211$111$57$17
48 years$652$368$198$103$52$15
49 years$632$352$186$95$47$13
50 years$612$336$175$88$43$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $627,000, adding $4,697 every year, while hoping to spend $54,131 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: 45/26/29 Blend
62$627,000$627,000$627,000$627,000
63$695,799$662,568$652,849$721,093
64$709,175$637,439$617,125$714,434
65$722,102$609,264$578,389$701,674
66$734,476$577,837$536,485$686,807
67$746,182$542,941$491,246$669,668
68$757,090$504,343$442,501$650,076
69$767,057$461,799$390,069$627,842
70$775,923$415,053$333,761$602,757
71$783,507$363,831$273,383$574,601
72$789,611$307,845$208,727$543,134
73$794,012$246,790$139,580$508,099
74$796,464$180,345$65,719$469,219
75$796,692$108,171$0$426,196
76$794,391$29,908$0$382,762
77$789,223$0$0$356,481
78$780,813$0$0$342,386
79$768,745$0$0$334,989
80$752,557$0$0$325,505
81$731,737$0$0$313,678
82$705,721$0$0$299,227
83$673,880$0$0$281,839
84$635,521$0$0$261,168
85$589,875$0$0$236,832
86$536,094$0$0$208,408
87$473,238$0$0$175,428
88$400,268$0$0$137,376
89$316,037$0$0$93,680
90$219,274$0$0$43,710
91$108,578$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