Can I retire at age 63 with 633,000?

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 $633,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$52,273$51,807$51,353$50,909$50,476$49,620
2 years$25,877$25,396$24,928$24,476$24,036$23,176
3 years$17,080$16,596$16,130$15,682$15,250$14,412
4 years$12,683$12,200$11,739$11,298$10,876$10,068
5 years$10,045$9,565$9,110$8,678$8,268$7,492
6 years$8,287$7,811$7,362$6,940$6,542$5,799
7 years$7,031$6,559$6,118$5,706$5,320$4,610
8 years$6,090$5,622$5,188$4,786$4,414$3,736
9 years$5,359$4,895$4,469$4,077$3,717$3,072
10 years$4,774$4,315$3,896$3,514$3,167$2,554
11 years$4,296$3,841$3,430$3,058$2,724$2,141
12 years$3,897$3,448$3,044$2,683$2,360$1,808
13 years$3,561$3,116$2,720$2,368$2,058$1,536
14 years$3,272$2,832$2,444$2,102$1,804$1,311
15 years$3,023$2,587$2,206$1,875$1,589$1,123
16 years$2,804$2,374$2,000$1,679$1,404$965
17 years$2,612$2,186$1,820$1,508$1,245$831
18 years$2,441$2,020$1,662$1,359$1,107$718
19 years$2,289$1,872$1,521$1,228$987$621
20 years$2,151$1,740$1,396$1,112$881$539
21 years$2,027$1,621$1,284$1,010$789$468
22 years$1,915$1,513$1,183$918$707$407
23 years$1,812$1,415$1,093$836$635$354
24 years$1,718$1,326$1,011$763$570$308
25 years$1,632$1,244$936$696$513$269
26 years$1,552$1,169$868$637$462$234
27 years$1,479$1,100$806$583$417$204
28 years$1,411$1,037$749$534$376$179
29 years$1,348$978$697$490$340$156
30 years$1,289$924$650$449$307$136
31 years$1,233$873$606$413$277$119
32 years$1,182$826$565$379$251$104
33 years$1,134$782$528$349$227$91
34 years$1,088$742$493$321$206$80
35 years$1,046$703$461$295$186$70
36 years$1,005$668$431$272$169$61
37 years$967$634$403$251$153$54
38 years$932$603$378$231$139$47
39 years$898$573$354$213$126$41
40 years$865$545$332$197$114$36
41 years$835$519$311$181$103$31
42 years$806$494$292$167$94$28
43 years$778$471$274$154$85$24
44 years$752$449$257$143$77$21
45 years$727$428$241$132$70$19
46 years$703$408$227$122$64$16
47 years$680$390$213$112$58$14
48 years$659$372$200$104$53$12
49 years$638$355$188$96$48$11
50 years$618$339$177$89$43$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $633,000, adding $2,212 every year, while hoping to spend $40,137 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: 82/7/11 Blend
62$633,000$633,000$633,000$633,000
63$699,848$666,299$656,487$755,762
64$728,527$656,242$635,774$782,667
65$758,786$644,347$613,022$806,673
66$790,744$630,482$588,120$831,828
67$824,530$614,506$560,952$858,227
68$860,286$596,271$531,398$885,973
69$898,166$575,619$499,331$915,179
70$938,339$552,385$464,619$945,971
71$980,990$526,391$427,124$978,488
72$1,026,319$497,453$386,701$1,012,881
73$1,074,549$465,373$343,200$1,049,318
74$1,125,919$429,942$296,463$1,087,984
75$1,180,694$390,941$246,326$1,129,084
76$1,239,164$348,137$192,618$1,172,843
77$1,301,647$301,283$135,158$1,219,509
78$1,368,490$250,121$73,761$1,269,357
79$1,440,074$194,375$8,230$1,322,688
80$1,516,817$133,755$0$1,379,837
81$1,599,179$67,955$0$1,448,413
82$1,687,662$0$0$1,523,082
83$1,782,820$0$0$1,603,609
84$1,885,259$0$0$1,695,944
85$1,995,645$0$0$1,795,452
86$2,114,711$0$0$1,902,796
87$2,243,260$0$0$2,018,701
88$2,382,175$0$0$2,143,967
89$2,532,429$0$0$2,279,468
90$2,695,087$0$0$2,426,171
91$2,871,323$0$0$2,585,135
92$3,062,427$0$0$2,757,525
93$3,269,819$0$0$2,944,623
94$3,495,057$0$0$3,147,839
95$3,739,859$0$0$3,368,723
96$4,006,112$0$0$3,608,982
97$4,295,894$0$0$3,870,490
98$4,611,491$0$0$4,155,315
99$4,955,416$0$0$4,465,728
100$5,330,439$0$0$4,804,230