Can I retire at age 63 with 635,000?

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 $635,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$52,438$51,971$51,515$51,070$50,636$50,086
2 years$25,959$25,476$25,007$24,553$24,112$23,559
3 years$17,134$16,649$16,181$15,731$15,298$14,758
4 years$12,723$12,239$11,776$11,334$10,911$10,388
5 years$10,076$9,595$9,139$8,705$8,294$7,791
6 years$8,313$7,835$7,385$6,962$6,563$6,079
7 years$7,053$6,580$6,137$5,724$5,337$4,874
8 years$6,110$5,640$5,205$4,801$4,428$3,984
9 years$5,376$4,911$4,483$4,090$3,729$3,305
10 years$4,789$4,329$3,908$3,525$3,177$2,772
11 years$4,309$3,854$3,441$3,068$2,732$2,347
12 years$3,910$3,459$3,054$2,691$2,368$2,001
13 years$3,572$3,126$2,728$2,376$2,065$1,716
14 years$3,283$2,841$2,451$2,109$1,810$1,479
15 years$3,032$2,595$2,213$1,881$1,594$1,280
16 years$2,813$2,381$2,007$1,684$1,409$1,112
17 years$2,620$2,193$1,826$1,513$1,249$968
18 years$2,449$2,027$1,667$1,364$1,110$845
19 years$2,296$1,878$1,526$1,232$990$740
20 years$2,158$1,745$1,400$1,116$884$648
21 years$2,034$1,626$1,288$1,013$791$569
22 years$1,921$1,517$1,187$921$709$500
23 years$1,818$1,419$1,096$839$637$441
24 years$1,724$1,330$1,014$765$572$388
25 years$1,637$1,248$939$699$515$342
26 years$1,557$1,173$871$639$464$302
27 years$1,484$1,104$809$585$418$267
28 years$1,415$1,040$752$536$377$236
29 years$1,352$981$700$491$341$209
30 years$1,293$927$652$451$308$185
31 years$1,237$876$607$414$278$163
32 years$1,186$829$567$381$252$145
33 years$1,137$785$529$350$228$128
34 years$1,092$744$494$322$206$114
35 years$1,049$706$462$296$187$101
36 years$1,009$670$432$273$169$89
37 years$970$636$405$251$153$79
38 years$934$605$379$232$139$70
39 years$900$575$355$214$126$62
40 years$868$547$333$197$114$55
41 years$838$521$312$182$104$49
42 years$808$496$293$168$94$43
43 years$781$472$275$155$85$39
44 years$754$450$258$143$78$34
45 years$729$429$242$132$70$30
46 years$705$410$227$122$64$27
47 years$683$391$214$113$58$24
48 years$661$373$201$104$53$21
49 years$640$356$189$96$48$19
50 years$620$340$177$89$44$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $635,000, adding $6,886 every year, while hoping to spend $47,038 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: 42/49/9 Blend
62$635,000$635,000$635,000$635,000
63$706,873$673,218$663,375$734,417
64$728,926$656,158$635,550$737,260
65$751,652$636,685$605,217$735,058
66$775,069$614,631$572,241$731,607
67$799,198$589,820$536,483$726,813
68$824,058$562,063$497,796$720,574
69$849,669$531,161$456,030$712,784
70$876,051$496,904$411,022$703,328
71$903,225$459,069$362,609$692,087
72$931,213$417,422$310,614$678,934
73$960,034$371,713$254,858$663,734
74$989,711$321,681$195,149$646,345
75$1,020,265$267,047$131,290$626,615
76$1,051,719$207,518$63,075$604,384
77$1,084,093$142,786$0$579,485
78$1,117,410$72,522$0$552,671
79$1,151,692$0$0$529,344
80$1,186,961$0$0$505,216
81$1,223,237$0$0$520,615
82$1,260,542$0$0$536,447
83$1,298,897$0$0$552,719
84$1,338,323$0$0$569,440
85$1,378,838$0$0$586,618
86$1,420,463$0$0$604,259
87$1,463,214$0$0$622,370
88$1,507,108$0$0$640,958
89$1,552,161$0$0$660,028
90$1,598,386$0$0$679,584
91$1,645,795$0$0$699,630
92$1,694,398$0$0$720,169
93$1,744,201$0$0$741,202
94$1,795,209$0$0$762,728
95$1,847,422$0$0$784,747
96$1,900,837$0$0$807,255
97$1,955,448$0$0$830,247
98$2,011,242$0$0$853,714
99$2,068,202$0$0$877,646
100$2,126,303$0$0$902,031