Can I retire at age 63 with 634,000?

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 $634,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$52,355$51,889$51,434$50,990$50,556$49,294
2 years$25,918$25,436$24,968$24,514$24,074$22,811
3 years$17,107$16,622$16,156$15,707$15,274$14,048
4 years$12,703$12,219$11,757$11,316$10,893$9,715
5 years$10,060$9,580$9,124$8,692$8,281$7,154
6 years$8,300$7,823$7,374$6,951$6,552$5,477
7 years$7,042$6,570$6,128$5,715$5,329$4,305
8 years$6,100$5,631$5,197$4,794$4,421$3,449
9 years$5,367$4,903$4,476$4,083$3,723$2,802
10 years$4,781$4,322$3,902$3,520$3,172$2,301
11 years$4,302$3,848$3,435$3,063$2,728$1,905
12 years$3,904$3,453$3,049$2,687$2,364$1,588
13 years$3,566$3,121$2,724$2,372$2,062$1,331
14 years$3,278$2,837$2,447$2,106$1,807$1,120
15 years$3,027$2,591$2,210$1,878$1,591$946
16 years$2,809$2,378$2,003$1,681$1,406$802
17 years$2,616$2,190$1,823$1,511$1,247$681
18 years$2,445$2,023$1,664$1,362$1,109$580
19 years$2,292$1,875$1,524$1,230$988$494
20 years$2,155$1,743$1,398$1,114$883$422
21 years$2,031$1,623$1,286$1,011$790$361
22 years$1,918$1,515$1,185$919$708$309
23 years$1,815$1,417$1,094$837$636$265
24 years$1,721$1,328$1,012$764$571$227
25 years$1,635$1,246$937$697$514$195
26 years$1,555$1,171$869$638$463$167
27 years$1,481$1,102$807$584$417$144
28 years$1,413$1,038$751$535$377$123
29 years$1,350$980$698$490$340$106
30 years$1,291$925$651$450$307$91
31 years$1,235$875$607$413$278$78
32 years$1,184$828$566$380$251$67
33 years$1,135$784$528$349$227$58
34 years$1,090$743$494$321$206$50
35 years$1,047$705$462$296$187$43
36 years$1,007$669$432$273$169$37
37 years$969$635$404$251$153$32
38 years$933$604$378$231$139$27
39 years$899$574$355$213$126$24
40 years$867$546$332$197$114$20
41 years$836$520$312$182$104$17
42 years$807$495$292$168$94$15
43 years$780$472$274$155$85$13
44 years$753$450$257$143$77$11
45 years$728$429$242$132$70$10
46 years$704$409$227$122$64$8
47 years$682$390$213$113$58$7
48 years$660$373$200$104$53$6
49 years$639$356$188$96$48$5
50 years$619$340$177$89$43$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $634,000, adding $4,414 every year, while hoping to spend $23,436 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: 66/5/29 Blend
62$634,000$634,000$634,000$634,000
63$703,221$669,619$659,792$743,976
64$750,014$677,495$656,959$779,917
65$800,794$684,971$653,246$816,192
66$855,944$692,003$648,599$855,344
67$915,883$698,544$642,960$897,658
68$981,074$704,543$636,269$943,451
69$1,052,025$709,947$628,466$993,070
70$1,129,295$714,699$619,484$1,046,901
71$1,213,502$718,738$609,255$1,105,367
72$1,305,321$721,998$597,707$1,168,937
73$1,405,500$724,412$584,766$1,238,127
74$1,514,858$725,905$570,353$1,313,506
75$1,634,300$726,400$554,386$1,395,704
76$1,764,819$725,815$536,779$1,485,414
77$1,907,513$724,062$517,443$1,583,401
78$2,063,585$721,047$496,283$1,690,509
79$2,234,364$716,672$473,203$1,807,669
80$2,421,312$710,832$448,098$1,935,909
81$2,626,039$703,415$420,862$2,076,361
82$2,850,317$694,305$391,382$2,230,276
83$3,096,098$683,375$359,543$2,399,031
84$3,365,534$670,493$325,221$2,584,146
85$3,660,991$655,520$288,288$2,787,300
86$3,985,078$638,307$248,612$3,010,340
87$4,340,668$618,696$206,053$3,255,307
88$4,730,925$596,521$160,465$3,524,450
89$5,159,336$571,607$111,696$3,820,249
90$5,629,738$543,766$59,588$4,145,440
91$6,146,362$512,801$3,975$4,503,039
92$6,713,867$478,504$0$4,896,372
93$7,337,386$440,655$0$5,346,241
94$8,022,573$399,021$0$5,841,982
95$8,775,657$353,355$0$6,386,882
96$9,603,502$303,397$0$6,985,917
97$10,513,668$248,872$0$7,644,572
98$11,514,484$189,489$0$8,368,890
99$12,615,130$124,942$0$9,165,529
100$13,825,715$54,906$0$10,041,827