Can I retire at age 63 with 638,000?

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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$52,685$52,216$51,758$51,311$50,875$48,876
2 years$26,082$25,596$25,125$24,669$24,226$22,236
3 years$17,215$16,727$16,258$15,806$15,370$13,453
4 years$12,783$12,296$11,832$11,387$10,962$9,131
5 years$10,124$9,641$9,182$8,746$8,333$6,594
6 years$8,352$7,872$7,420$6,995$6,594$4,947
7 years$7,087$6,611$6,166$5,751$5,363$3,808
8 years$6,138$5,667$5,229$4,824$4,449$2,984
9 years$5,401$4,934$4,504$4,109$3,746$2,370
10 years$4,812$4,349$3,927$3,542$3,192$1,902
11 years$4,330$3,872$3,457$3,083$2,745$1,537
12 years$3,928$3,475$3,068$2,704$2,379$1,250
13 years$3,589$3,140$2,741$2,387$2,075$1,022
14 years$3,298$2,855$2,463$2,119$1,819$838
15 years$3,047$2,608$2,224$1,890$1,601$690
16 years$2,827$2,393$2,016$1,692$1,415$569
17 years$2,633$2,203$1,835$1,520$1,255$471
18 years$2,461$2,036$1,675$1,370$1,116$390
19 years$2,307$1,887$1,533$1,238$994$323
20 years$2,168$1,754$1,407$1,121$888$268
21 years$2,043$1,633$1,294$1,018$795$223
22 years$1,930$1,525$1,193$925$713$185
23 years$1,827$1,426$1,101$843$640$154
24 years$1,732$1,336$1,019$769$575$128
25 years$1,645$1,254$943$702$517$107
26 years$1,565$1,178$875$642$466$89
27 years$1,491$1,109$812$587$420$74
28 years$1,422$1,045$755$538$379$62
29 years$1,358$986$703$494$342$52
30 years$1,299$931$655$453$309$43
31 years$1,243$880$610$416$280$36
32 years$1,191$833$569$382$253$30
33 years$1,143$789$532$352$229$25
34 years$1,097$747$497$323$207$21
35 years$1,054$709$464$298$188$17
36 years$1,013$673$435$274$170$15
37 years$975$639$407$253$154$12
38 years$939$607$381$233$140$10
39 years$905$578$357$215$127$8
40 years$872$549$334$198$115$7
41 years$841$523$314$183$104$6
42 years$812$498$294$169$95$5
43 years$784$475$276$156$86$4
44 years$758$452$259$144$78$3
45 years$733$431$243$133$71$3
46 years$709$412$229$123$64$2
47 years$686$393$215$113$58$2
48 years$664$375$202$105$53$2
49 years$643$358$190$97$48$1
50 years$623$342$178$89$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $638,000, adding $4,654 every year, while hoping to spend $40,800 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: 77/8/15 Blend
62$638,000$638,000$638,000$638,000
63$707,877$674,063$664,174$759,772
64$736,669$663,681$643,013$784,270
65$767,031$651,423$619,775$805,522
66$799,079$637,154$594,349$827,700
67$832,942$620,730$566,616$850,884
68$868,757$602,002$536,453$875,158
69$906,678$580,807$503,731$900,619
70$946,869$556,977$468,317$927,373
71$989,514$530,333$430,069$955,537
72$1,034,808$500,683$388,841$985,241
73$1,082,971$467,829$344,479$1,016,628
74$1,134,238$431,556$296,823$1,049,856
75$1,188,870$391,642$245,706$1,085,103
76$1,247,151$347,849$190,953$1,122,561
77$1,309,392$299,926$132,382$1,162,448
78$1,375,936$247,608$69,803$1,205,000
79$1,447,156$190,615$3,016$1,250,481
80$1,523,463$128,652$0$1,299,183
81$1,605,307$61,408$0$1,362,353
82$1,693,183$0$0$1,430,649
83$1,787,633$0$0$1,505,025
84$1,889,251$0$0$1,590,879
85$1,998,691$0$0$1,683,358
86$2,116,672$0$0$1,783,072
87$2,243,981$0$0$1,890,690
88$2,381,485$0$0$2,006,945
89$2,530,136$0$0$2,132,645
90$2,690,981$0$0$2,268,678
91$2,865,168$0$0$2,416,020
92$3,053,964$0$0$2,575,742
93$3,258,758$0$0$2,749,024
94$3,481,079$0$0$2,937,164
95$3,722,611$0$0$3,141,587
96$3,985,201$0$0$3,363,864
97$4,270,887$0$0$3,605,722
98$4,581,908$0$0$3,869,059
99$4,920,727$0$0$4,155,966
100$5,290,058$0$0$4,468,744