Can I retire at age 63 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$52,851$52,380$51,921$51,472$51,034$50,544
2 years$26,164$25,676$25,204$24,746$24,302$23,808
3 years$17,269$16,780$16,309$15,855$15,418$14,935
4 years$12,823$12,335$11,869$11,423$10,996$10,529
5 years$10,156$9,671$9,211$8,774$8,359$7,909
6 years$8,378$7,897$7,443$7,016$6,614$6,181
7 years$7,109$6,632$6,186$5,769$5,379$4,964
8 years$6,158$5,685$5,246$4,839$4,463$4,065
9 years$5,418$4,950$4,518$4,122$3,758$3,378
10 years$4,827$4,363$3,939$3,553$3,202$2,839
11 years$4,343$3,884$3,468$3,092$2,754$2,407
12 years$3,941$3,486$3,078$2,712$2,387$2,056
13 years$3,600$3,150$2,750$2,395$2,081$1,767
14 years$3,309$2,864$2,471$2,126$1,824$1,526
15 years$3,056$2,616$2,231$1,896$1,606$1,323
16 years$2,835$2,400$2,022$1,697$1,420$1,152
17 years$2,641$2,210$1,840$1,525$1,259$1,005
18 years$2,468$2,042$1,680$1,374$1,119$879
19 years$2,314$1,893$1,538$1,242$998$771
20 years$2,175$1,759$1,411$1,125$891$677
21 years$2,050$1,638$1,298$1,021$797$596
22 years$1,936$1,529$1,197$928$715$525
23 years$1,832$1,430$1,105$845$642$464
24 years$1,737$1,340$1,022$771$577$409
25 years$1,650$1,258$946$704$519$362
26 years$1,570$1,182$878$644$467$320
27 years$1,495$1,112$815$589$421$284
28 years$1,426$1,048$758$540$380$251
29 years$1,362$989$705$495$343$223
30 years$1,303$934$657$454$310$198
31 years$1,247$883$612$417$280$175
32 years$1,195$835$571$384$254$156
33 years$1,146$791$533$353$230$138
34 years$1,100$750$498$324$208$123
35 years$1,057$711$466$299$188$109
36 years$1,016$675$436$275$171$97
37 years$978$641$408$253$155$86
38 years$942$609$382$234$140$77
39 years$908$579$358$215$127$68
40 years$875$551$335$199$115$61
41 years$844$525$315$183$105$54
42 years$815$500$295$169$95$48
43 years$787$476$277$156$86$43
44 years$760$454$260$144$78$38
45 years$735$433$244$133$71$34
46 years$711$413$229$123$64$30
47 years$688$394$215$114$59$27
48 years$666$376$202$105$53$24
49 years$645$359$190$97$48$21
50 years$625$343$179$90$44$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $640,000, adding $2,201 every year, while hoping to spend $32,450 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: 59/31/10 Blend
62$640,000$640,000$640,000$640,000
63$707,550$673,630$663,710$747,509
64$745,194$672,112$651,418$773,116
65$785,590$669,431$637,626$797,169
66$828,984$665,497$622,251$822,603
67$875,647$660,213$605,203$849,554
68$925,876$653,477$586,391$878,171
69$979,997$645,179$565,717$908,621
70$1,038,369$635,205$543,080$941,090
71$1,101,385$623,432$518,375$975,783
72$1,169,477$609,731$491,492$1,012,928
73$1,243,120$593,964$462,313$1,052,776
74$1,322,837$575,988$430,720$1,095,609
75$1,409,203$555,647$396,585$1,141,736
76$1,502,847$532,780$359,777$1,191,502
77$1,604,466$507,214$320,157$1,245,289
78$1,714,822$478,769$277,583$1,303,518
79$1,834,756$447,250$231,904$1,366,658
80$1,965,191$412,455$182,963$1,435,227
81$2,107,144$374,169$130,595$1,509,800
82$2,261,733$332,164$74,631$1,591,013
83$2,430,190$286,200$14,891$1,679,569
84$2,613,869$236,023$0$1,776,247
85$2,814,261$181,366$0$1,887,123
86$3,033,007$121,944$0$2,009,973
87$3,271,913$57,459$0$2,144,282
88$3,532,968$0$0$2,291,241
89$3,818,361$0$0$2,456,396
90$4,130,503$0$0$2,658,519
91$4,472,048$0$0$2,879,732
92$4,845,917$0$0$3,121,935
93$5,255,329$0$0$3,387,220
94$5,703,828$0$0$3,677,890
95$6,195,316$0$0$3,996,481
96$6,734,092$0$0$4,345,787
97$7,324,888$0$0$4,728,885
98$7,972,919$0$0$5,149,163
99$8,683,927$0$0$5,610,354
100$9,464,238$0$0$6,116,570