Can I retire at age 63 with 635,000?

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 $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%18.4%
1 years$52,438$51,971$51,515$51,070$50,636$48,917
2 years$25,959$25,476$25,007$24,553$24,112$22,398
3 years$17,134$16,649$16,181$15,731$15,298$13,642
4 years$12,723$12,239$11,776$11,334$10,911$9,325
5 years$10,076$9,595$9,139$8,705$8,294$6,784
6 years$8,313$7,835$7,385$6,962$6,563$5,129
7 years$7,053$6,580$6,137$5,724$5,337$3,979
8 years$6,110$5,640$5,205$4,801$4,428$3,145
9 years$5,376$4,911$4,483$4,090$3,729$2,519
10 years$4,789$4,329$3,908$3,525$3,177$2,039
11 years$4,309$3,854$3,441$3,068$2,732$1,664
12 years$3,910$3,459$3,054$2,691$2,368$1,366
13 years$3,572$3,126$2,728$2,376$2,065$1,127
14 years$3,283$2,841$2,451$2,109$1,810$934
15 years$3,032$2,595$2,213$1,881$1,594$776
16 years$2,813$2,381$2,007$1,684$1,409$647
17 years$2,620$2,193$1,826$1,513$1,249$540
18 years$2,449$2,027$1,667$1,364$1,110$452
19 years$2,296$1,878$1,526$1,232$990$379
20 years$2,158$1,745$1,400$1,116$884$318
21 years$2,034$1,626$1,288$1,013$791$267
22 years$1,921$1,517$1,187$921$709$225
23 years$1,818$1,419$1,096$839$637$189
24 years$1,724$1,330$1,014$765$572$159
25 years$1,637$1,248$939$699$515$134
26 years$1,557$1,173$871$639$464$113
27 years$1,484$1,104$809$585$418$95
28 years$1,415$1,040$752$536$377$80
29 years$1,352$981$700$491$341$68
30 years$1,293$927$652$451$308$57
31 years$1,237$876$607$414$278$48
32 years$1,186$829$567$381$252$41
33 years$1,137$785$529$350$228$34
34 years$1,092$744$494$322$206$29
35 years$1,049$706$462$296$187$24
36 years$1,009$670$432$273$169$21
37 years$970$636$405$251$153$17
38 years$934$605$379$232$139$15
39 years$900$575$355$214$126$12
40 years$868$547$333$197$114$10
41 years$838$521$312$182$104$9
42 years$808$496$293$168$94$7
43 years$781$472$275$155$85$6
44 years$754$450$258$143$78$5
45 years$729$429$242$132$70$5
46 years$705$410$227$122$64$4
47 years$683$391$214$113$58$3
48 years$661$373$201$104$53$3
49 years$640$356$189$96$48$2
50 years$620$340$177$89$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $635,000, adding $4,848 every year, while hoping to spend $45,678 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: 57/37/6 Blend
62$635,000$635,000$635,000$635,000
63$704,771$671,116$661,273$743,789
64$728,056$655,399$634,825$754,871
65$752,186$637,382$605,959$761,365
66$777,198$616,903$574,548$767,303
67$803,132$593,791$540,455$772,636
68$830,031$567,866$503,540$777,313
69$857,941$538,938$463,656$781,279
70$886,910$506,805$420,647$784,477
71$916,990$471,253$374,353$786,846
72$948,235$432,058$324,607$788,324
73$980,706$388,979$271,232$788,844
74$1,014,465$341,766$214,045$788,336
75$1,049,579$290,152$152,855$786,729
76$1,086,122$233,855$87,461$783,946
77$1,124,172$172,578$17,656$779,909
78$1,163,810$106,008$0$774,533
79$1,205,129$33,813$0$771,373
80$1,248,225$0$0$768,142
81$1,293,202$0$0$781,692
82$1,340,172$0$0$810,231
83$1,389,258$0$0$840,069
84$1,440,591$0$0$871,288
85$1,494,314$0$0$903,974
86$1,550,579$0$0$938,225
87$1,609,555$0$0$974,144
88$1,671,423$0$0$1,011,843
89$1,736,378$0$0$1,051,446
90$1,804,634$0$0$1,093,084
91$1,876,423$0$0$1,136,903
92$1,951,998$0$0$1,183,059
93$2,031,634$0$0$1,231,725
94$2,115,629$0$0$1,283,086
95$2,204,309$0$0$1,337,346
96$2,298,031$0$0$1,394,728
97$2,397,183$0$0$1,455,473
98$2,502,187$0$0$1,519,846
99$2,613,508$0$0$1,588,137
100$2,731,650$0$0$1,660,661