Can I retire at age 63 with 634,000?

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 $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%14%
1 years$52,355$51,889$51,434$50,990$50,556$49,719
2 years$25,918$25,436$24,968$24,514$24,074$23,233
3 years$17,107$16,622$16,156$15,707$15,274$14,455
4 years$12,703$12,219$11,757$11,316$10,893$10,103
5 years$10,060$9,580$9,124$8,692$8,281$7,522
6 years$8,300$7,823$7,374$6,951$6,552$5,825
7 years$7,042$6,570$6,128$5,715$5,329$4,633
8 years$6,100$5,631$5,197$4,794$4,421$3,757
9 years$5,367$4,903$4,476$4,083$3,723$3,091
10 years$4,781$4,322$3,902$3,520$3,172$2,571
11 years$4,302$3,848$3,435$3,063$2,728$2,157
12 years$3,904$3,453$3,049$2,687$2,364$1,823
13 years$3,566$3,121$2,724$2,372$2,062$1,549
14 years$3,278$2,837$2,447$2,106$1,807$1,323
15 years$3,027$2,591$2,210$1,878$1,591$1,134
16 years$2,809$2,378$2,003$1,681$1,406$975
17 years$2,616$2,190$1,823$1,511$1,247$841
18 years$2,445$2,023$1,664$1,362$1,109$727
19 years$2,292$1,875$1,524$1,230$988$630
20 years$2,155$1,743$1,398$1,114$883$546
21 years$2,031$1,623$1,286$1,011$790$475
22 years$1,918$1,515$1,185$919$708$413
23 years$1,815$1,417$1,094$837$636$360
24 years$1,721$1,328$1,012$764$571$313
25 years$1,635$1,246$937$697$514$273
26 years$1,555$1,171$869$638$463$239
27 years$1,481$1,102$807$584$417$208
28 years$1,413$1,038$751$535$377$182
29 years$1,350$980$698$490$340$159
30 years$1,291$925$651$450$307$139
31 years$1,235$875$607$413$278$122
32 years$1,184$828$566$380$251$107
33 years$1,135$784$528$349$227$93
34 years$1,090$743$494$321$206$82
35 years$1,047$705$462$296$187$72
36 years$1,007$669$432$273$169$63
37 years$969$635$404$251$153$55
38 years$933$604$378$231$139$48
39 years$899$574$355$213$126$42
40 years$867$546$332$197$114$37
41 years$836$520$312$182$104$32
42 years$807$495$292$168$94$28
43 years$780$472$274$155$85$25
44 years$753$450$257$143$77$22
45 years$728$429$242$132$70$19
46 years$704$409$227$122$64$17
47 years$682$390$213$113$58$15
48 years$660$373$200$104$53$13
49 years$639$356$188$96$48$11
50 years$619$340$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 $634,000, adding $4,192 every year, while hoping to spend $37,505 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: 58/28/14 Blend
62$634,000$634,000$634,000$634,000
63$702,992$669,390$659,563$741,034
64$734,792$662,285$641,753$760,127
65$768,579$653,575$622,090$776,416
66$804,515$643,142$600,471$793,293
67$842,780$630,859$576,791$810,820
68$883,568$616,596$550,938$829,067
69$927,093$600,210$522,796$848,113
70$973,590$581,554$492,243$868,045
71$1,023,315$560,470$459,152$888,964
72$1,076,551$536,790$423,391$910,982
73$1,133,606$510,340$384,822$934,224
74$1,194,819$480,931$343,298$958,832
75$1,260,561$448,367$298,669$984,963
76$1,331,241$412,440$250,777$1,012,794
77$1,407,306$372,929$199,457$1,042,522
78$1,489,249$329,600$144,537$1,074,370
79$1,577,610$282,207$85,836$1,108,584
80$1,672,982$230,491$23,167$1,145,439
81$1,776,017$174,176$0$1,185,244
82$1,887,432$112,972$0$1,234,872
83$2,008,014$46,572$0$1,292,293
84$2,138,630$0$0$1,354,502
85$2,280,232$0$0$1,429,815
86$2,433,866$0$0$1,527,141
87$2,600,683$0$0$1,632,867
88$2,781,951$0$0$1,747,801
89$2,979,062$0$0$1,872,831
90$3,193,549$0$0$2,008,938
91$3,427,098$0$0$2,157,197
92$3,681,565$0$0$2,318,795
93$3,958,993$0$0$2,495,034
94$4,261,628$0$0$2,687,351
95$4,591,944$0$0$2,897,326
96$4,952,665$0$0$3,126,698
97$5,346,789$0$0$3,377,383
98$5,777,615$0$0$3,651,487
99$6,248,777$0$0$3,951,333
100$6,764,275$0$0$4,279,476