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%17.3%
1 years$52,273$51,807$51,353$50,909$50,476$48,978
2 years$25,877$25,396$24,928$24,476$24,036$22,539
3 years$17,080$16,596$16,130$15,682$15,250$13,801
4 years$12,683$12,200$11,739$11,298$10,876$9,487
5 years$10,045$9,565$9,110$8,678$8,268$6,941
6 years$8,287$7,811$7,362$6,940$6,542$5,280
7 years$7,031$6,559$6,118$5,706$5,320$4,122
8 years$6,090$5,622$5,188$4,786$4,414$3,279
9 years$5,359$4,895$4,469$4,077$3,717$2,644
10 years$4,774$4,315$3,896$3,514$3,167$2,155
11 years$4,296$3,841$3,430$3,058$2,724$1,771
12 years$3,897$3,448$3,044$2,683$2,360$1,465
13 years$3,561$3,116$2,720$2,368$2,058$1,218
14 years$3,272$2,832$2,444$2,102$1,804$1,016
15 years$3,023$2,587$2,206$1,875$1,589$851
16 years$2,804$2,374$2,000$1,679$1,404$715
17 years$2,612$2,186$1,820$1,508$1,245$602
18 years$2,441$2,020$1,662$1,359$1,107$508
19 years$2,289$1,872$1,521$1,228$987$429
20 years$2,151$1,740$1,396$1,112$881$363
21 years$2,027$1,621$1,284$1,010$789$308
22 years$1,915$1,513$1,183$918$707$261
23 years$1,812$1,415$1,093$836$635$222
24 years$1,718$1,326$1,011$763$570$188
25 years$1,632$1,244$936$696$513$160
26 years$1,552$1,169$868$637$462$136
27 years$1,479$1,100$806$583$417$116
28 years$1,411$1,037$749$534$376$98
29 years$1,348$978$697$490$340$84
30 years$1,289$924$650$449$307$71
31 years$1,233$873$606$413$277$61
32 years$1,182$826$565$379$251$52
33 years$1,134$782$528$349$227$44
34 years$1,088$742$493$321$206$37
35 years$1,046$703$461$295$186$32
36 years$1,005$668$431$272$169$27
37 years$967$634$403$251$153$23
38 years$932$603$378$231$139$20
39 years$898$573$354$213$126$17
40 years$865$545$332$197$114$14
41 years$835$519$311$181$103$12
42 years$806$494$292$167$94$10
43 years$778$471$274$154$85$9
44 years$752$449$257$143$77$8
45 years$727$428$241$132$70$6
46 years$703$408$227$122$64$6
47 years$680$390$213$112$58$5
48 years$659$372$200$104$53$4
49 years$638$355$188$96$48$3
50 years$618$339$177$89$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $633,000, adding $2,282 every year, while hoping to spend $32,083 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: 60/27/13 Blend
62$633,000$633,000$633,000$633,000
63$699,920$666,371$656,559$739,550
64$737,176$664,887$644,418$765,007
65$777,156$662,255$630,795$788,951
66$820,106$658,385$615,606$814,299
67$866,292$653,181$598,764$841,191
68$916,009$646,543$580,178$869,780
69$969,580$638,361$559,752$900,235
70$1,027,359$628,523$537,386$932,746
71$1,089,737$616,908$512,975$967,523
72$1,157,141$603,387$486,411$1,004,798
73$1,230,042$587,826$457,579$1,044,827
74$1,308,958$570,081$426,359$1,087,898
75$1,394,457$550,000$392,627$1,134,326
76$1,487,165$527,423$356,253$1,184,462
77$1,587,768$502,180$317,100$1,238,694
78$1,697,024$474,090$275,027$1,297,452
79$1,815,764$442,964$229,883$1,361,212
80$1,944,903$408,600$181,516$1,430,502
81$2,085,448$370,787$129,762$1,505,907
82$2,238,507$329,298$74,452$1,588,071
83$2,405,299$283,898$15,410$1,677,710
84$2,587,165$234,335$0$1,775,616
85$2,785,582$180,343$0$1,889,267
86$3,002,175$121,644$0$2,015,738
87$3,238,733$57,941$0$2,153,990
88$3,497,226$0$0$2,305,235
89$3,779,822$0$0$2,474,106
90$4,088,907$0$0$2,677,682
91$4,427,111$0$0$2,900,486
92$4,797,327$0$0$3,144,432
93$5,202,743$0$0$3,411,625
94$5,646,868$0$0$3,704,385
95$6,133,568$0$0$4,025,267
96$6,667,098$0$0$4,377,084
97$7,252,148$0$0$4,762,936
98$7,893,880$0$0$5,186,236
99$8,597,983$0$0$5,650,742
100$9,370,720$0$0$6,160,597