Can I retire at age 63 with 636,000?

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 $636,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$52,520$52,052$51,596$51,151$50,716$49,834
2 years$26,000$25,516$25,047$24,592$24,150$23,265
3 years$17,161$16,675$16,207$15,756$15,322$14,461
4 years$12,743$12,258$11,794$11,351$10,928$10,097
5 years$10,092$9,610$9,153$8,719$8,307$7,509
6 years$8,326$7,848$7,397$6,973$6,573$5,809
7 years$7,065$6,590$6,147$5,733$5,346$4,616
8 years$6,119$5,649$5,213$4,809$4,435$3,738
9 years$5,384$4,919$4,490$4,096$3,735$3,072
10 years$4,796$4,335$3,914$3,531$3,182$2,552
11 years$4,316$3,860$3,446$3,073$2,737$2,139
12 years$3,916$3,464$3,058$2,695$2,372$1,805
13 years$3,578$3,131$2,733$2,380$2,068$1,532
14 years$3,288$2,846$2,455$2,112$1,813$1,306
15 years$3,037$2,600$2,217$1,884$1,596$1,118
16 years$2,818$2,385$2,010$1,687$1,411$960
17 years$2,624$2,197$1,829$1,516$1,251$827
18 years$2,453$2,030$1,669$1,366$1,112$714
19 years$2,299$1,881$1,528$1,234$991$617
20 years$2,162$1,748$1,403$1,118$885$535
21 years$2,037$1,628$1,290$1,014$792$464
22 years$1,924$1,520$1,189$922$710$403
23 years$1,821$1,422$1,098$840$638$350
24 years$1,726$1,332$1,015$766$573$305
25 years$1,640$1,250$940$700$516$266
26 years$1,560$1,175$872$640$465$231
27 years$1,486$1,106$810$586$419$202
28 years$1,418$1,042$753$537$378$176
29 years$1,354$983$701$492$341$154
30 years$1,295$928$653$452$308$134
31 years$1,239$877$608$415$279$117
32 years$1,188$830$568$381$252$103
33 years$1,139$786$530$350$228$90
34 years$1,093$745$495$322$207$78
35 years$1,051$707$463$297$187$68
36 years$1,010$671$433$273$170$60
37 years$972$637$405$252$154$52
38 years$936$605$380$232$139$46
39 years$902$576$356$214$126$40
40 years$870$548$333$197$115$35
41 years$839$521$313$182$104$31
42 years$810$497$293$168$94$27
43 years$782$473$275$155$86$24
44 years$756$451$258$143$78$21
45 years$731$430$243$132$71$18
46 years$707$410$228$122$64$16
47 years$684$392$214$113$58$14
48 years$662$374$201$104$53$12
49 years$641$357$189$96$48$11
50 years$621$341$178$89$44$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $636,000, adding $5,713 every year, while hoping to spend $28,632 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: 41/50/9 Blend
62$636,000$636,000$636,000$636,000
63$706,765$673,057$663,199$733,628
64$748,391$675,573$654,952$755,508
65$793,303$677,252$645,469$775,866
66$841,806$678,023$634,678$797,250
67$894,235$677,812$622,505$819,766
68$950,960$676,537$608,871$843,531
69$1,012,383$674,113$593,694$868,676
70$1,078,951$670,449$576,888$895,346
71$1,151,154$665,450$558,363$923,704
72$1,229,528$659,014$538,025$953,930
73$1,314,667$651,033$515,776$986,227
74$1,407,222$641,392$491,513$1,020,820
75$1,507,908$629,971$465,129$1,057,958
76$1,617,515$616,639$436,511$1,097,919
77$1,736,909$601,262$405,542$1,141,015
78$1,867,046$583,696$372,099$1,187,589
79$2,008,975$563,787$336,055$1,238,023
80$2,163,852$541,375$297,275$1,292,743
81$2,332,951$516,289$255,619$1,352,222
82$2,517,672$488,347$210,943$1,416,985
83$2,719,558$457,359$163,093$1,487,613
84$2,940,306$423,123$111,910$1,564,754
85$3,181,787$385,425$57,227$1,649,124
86$3,446,057$344,039$0$1,741,520
87$3,735,385$298,727$0$1,842,931
88$4,052,265$249,236$0$1,960,100
89$4,399,448$195,300$0$2,088,627
90$4,779,959$136,637$0$2,229,731
91$5,197,133$72,951$0$2,384,765
92$5,654,642$3,926$0$2,555,221
93$6,156,530$0$0$2,742,753
94$6,707,252$0$0$2,988,127
95$7,311,714$0$0$3,259,901
96$7,975,321$0$0$3,558,356
97$8,704,028$0$0$3,886,181
98$9,504,392$0$0$4,246,338
99$10,383,638$0$0$4,642,089
100$11,349,726$0$0$5,077,029