Can I retire at age 63 with 636,000?

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 $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%15.1%
1 years$52,520$52,052$51,596$51,151$50,716$49,651
2 years$26,000$25,516$25,047$24,592$24,150$23,083
3 years$17,161$16,675$16,207$15,756$15,322$14,285
4 years$12,743$12,258$11,794$11,351$10,928$9,929
5 years$10,092$9,610$9,153$8,719$8,307$7,349
6 years$8,326$7,848$7,397$6,973$6,573$5,658
7 years$7,065$6,590$6,147$5,733$5,346$4,473
8 years$6,119$5,649$5,213$4,809$4,435$3,604
9 years$5,384$4,919$4,490$4,096$3,735$2,945
10 years$4,796$4,335$3,914$3,531$3,182$2,433
11 years$4,316$3,860$3,446$3,073$2,737$2,028
12 years$3,916$3,464$3,058$2,695$2,372$1,701
13 years$3,578$3,131$2,733$2,380$2,068$1,436
14 years$3,288$2,846$2,455$2,112$1,813$1,217
15 years$3,037$2,600$2,217$1,884$1,596$1,035
16 years$2,818$2,385$2,010$1,687$1,411$883
17 years$2,624$2,197$1,829$1,516$1,251$756
18 years$2,453$2,030$1,669$1,366$1,112$648
19 years$2,299$1,881$1,528$1,234$991$557
20 years$2,162$1,748$1,403$1,118$885$479
21 years$2,037$1,628$1,290$1,014$792$413
22 years$1,924$1,520$1,189$922$710$356
23 years$1,821$1,422$1,098$840$638$307
24 years$1,726$1,332$1,015$766$573$266
25 years$1,640$1,250$940$700$516$230
26 years$1,560$1,175$872$640$465$199
27 years$1,486$1,106$810$586$419$172
28 years$1,418$1,042$753$537$378$149
29 years$1,354$983$701$492$341$129
30 years$1,295$928$653$452$308$112
31 years$1,239$877$608$415$279$97
32 years$1,188$830$568$381$252$84
33 years$1,139$786$530$350$228$73
34 years$1,093$745$495$322$207$63
35 years$1,051$707$463$297$187$55
36 years$1,010$671$433$273$170$48
37 years$972$637$405$252$154$41
38 years$936$605$380$232$139$36
39 years$902$576$356$214$126$31
40 years$870$548$333$197$115$27
41 years$839$521$313$182$104$24
42 years$810$497$293$168$94$20
43 years$782$473$275$155$86$18
44 years$756$451$258$143$78$15
45 years$731$430$243$132$71$13
46 years$707$410$228$122$64$12
47 years$684$392$214$113$58$10
48 years$662$374$201$104$53$9
49 years$641$357$189$96$48$8
50 years$621$341$178$89$44$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $636,000, adding $3,191 every year, while hoping to spend $32,646 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: 79/8/13 Blend
62$636,000$636,000$636,000$636,000
63$704,164$670,456$660,598$757,757
64$741,253$668,573$647,992$791,574
65$781,032$665,504$633,871$824,147
66$823,739$661,155$618,148$858,950
67$869,638$655,430$600,734$896,192
68$919,019$648,223$581,535$936,104
69$972,197$639,425$560,455$978,940
70$1,029,522$628,917$537,391$1,024,979
71$1,091,376$616,577$512,237$1,074,529
72$1,158,180$602,272$484,880$1,127,932
73$1,230,395$585,865$455,205$1,185,562
74$1,308,530$567,207$423,089$1,247,833
75$1,393,143$546,143$388,405$1,315,200
76$1,484,847$522,507$351,020$1,388,166
77$1,584,317$496,126$310,795$1,467,286
78$1,692,296$466,815$267,585$1,553,170
79$1,809,600$434,379$221,239$1,646,494
80$1,937,127$398,611$171,598$1,748,000
81$2,075,864$359,293$118,497$1,858,507
82$2,226,898$316,194$61,763$1,978,920
83$2,391,426$269,072$1,216$2,110,235
84$2,570,763$217,668$0$2,253,552
85$2,766,358$161,711$0$2,418,876
86$2,979,806$100,914$0$2,599,501
87$3,212,860$34,973$0$2,796,761
88$3,467,452$0$0$3,012,310
89$3,745,710$0$0$3,251,179
90$4,049,975$0$0$3,515,758
91$4,382,824$0$0$3,805,213
92$4,747,095$0$0$4,122,013
93$5,145,915$0$0$4,468,880
94$5,582,725$0$0$4,848,810
95$6,061,315$0$0$5,265,102
96$6,585,859$0$0$5,721,389
97$7,160,955$0$0$6,221,675
98$7,791,667$0$0$6,770,365
99$8,483,570$0$0$7,372,316
100$9,242,807$0$0$8,032,873