Can I retire at age 63 with 640,000?

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 $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%12.2%
1 years$52,851$52,380$51,921$51,472$51,034$50,565
2 years$26,164$25,676$25,204$24,746$24,302$23,829
3 years$17,269$16,780$16,309$15,855$15,418$14,956
4 years$12,823$12,335$11,869$11,423$10,996$10,549
5 years$10,156$9,671$9,211$8,774$8,359$7,928
6 years$8,378$7,897$7,443$7,016$6,614$6,199
7 years$7,109$6,632$6,186$5,769$5,379$4,981
8 years$6,158$5,685$5,246$4,839$4,463$4,081
9 years$5,418$4,950$4,518$4,122$3,758$3,393
10 years$4,827$4,363$3,939$3,553$3,202$2,854
11 years$4,343$3,884$3,468$3,092$2,754$2,422
12 years$3,941$3,486$3,078$2,712$2,387$2,070
13 years$3,600$3,150$2,750$2,395$2,081$1,780
14 years$3,309$2,864$2,471$2,126$1,824$1,538
15 years$3,056$2,616$2,231$1,896$1,606$1,335
16 years$2,835$2,400$2,022$1,697$1,420$1,162
17 years$2,641$2,210$1,840$1,525$1,259$1,015
18 years$2,468$2,042$1,680$1,374$1,119$889
19 years$2,314$1,893$1,538$1,242$998$780
20 years$2,175$1,759$1,411$1,125$891$686
21 years$2,050$1,638$1,298$1,021$797$604
22 years$1,936$1,529$1,197$928$715$533
23 years$1,832$1,430$1,105$845$642$470
24 years$1,737$1,340$1,022$771$577$416
25 years$1,650$1,258$946$704$519$368
26 years$1,570$1,182$878$644$467$326
27 years$1,495$1,112$815$589$421$289
28 years$1,426$1,048$758$540$380$256
29 years$1,362$989$705$495$343$227
30 years$1,303$934$657$454$310$202
31 years$1,247$883$612$417$280$179
32 years$1,195$835$571$384$254$159
33 years$1,146$791$533$353$230$141
34 years$1,100$750$498$324$208$126
35 years$1,057$711$466$299$188$112
36 years$1,016$675$436$275$171$99
37 years$978$641$408$253$155$88
38 years$942$609$382$234$140$79
39 years$908$579$358$215$127$70
40 years$875$551$335$199$115$62
41 years$844$525$315$183$105$56
42 years$815$500$295$169$95$49
43 years$787$476$277$156$86$44
44 years$760$454$260$144$78$39
45 years$735$433$244$133$71$35
46 years$711$413$229$123$64$31
47 years$688$394$215$114$59$28
48 years$666$376$202$105$53$25
49 years$645$359$190$97$48$22
50 years$625$343$179$90$44$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $640,000, adding $3,896 every year, while hoping to spend $40,355 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: 65/21/14 Blend
62$640,000$640,000$640,000$640,000
63$709,299$675,379$665,459$752,808
64$738,710$665,535$644,814$772,537
65$769,768$653,856$622,126$789,038
66$802,600$640,210$597,282$806,068
67$837,341$624,456$570,166$823,676
68$874,141$606,446$540,658$841,920
69$913,163$586,022$508,631$860,863
70$954,587$563,018$473,951$880,577
71$998,606$537,258$436,480$901,145
72$1,045,436$508,555$396,073$922,656
73$1,095,308$476,712$352,579$945,212
74$1,148,479$441,520$305,841$968,929
75$1,205,229$402,760$255,692$993,935
76$1,265,866$360,199$201,961$1,020,373
77$1,330,725$313,589$144,467$1,048,405
78$1,400,175$262,671$83,023$1,078,210
79$1,474,622$207,171$17,433$1,109,989
80$1,554,508$146,797$0$1,143,967
81$1,640,322$81,244$0$1,188,247
82$1,732,596$10,187$0$1,238,545
83$1,831,919$0$0$1,292,599
84$1,938,935$0$0$1,366,209
85$2,054,351$0$0$1,448,168
86$2,178,946$0$0$1,536,679
87$2,313,574$0$0$1,632,354
88$2,459,173$0$0$1,735,863
89$2,616,776$0$0$1,847,947
90$2,787,518$0$0$1,969,416
91$2,972,647$0$0$2,101,164
92$3,173,533$0$0$2,244,173
93$3,391,687$0$0$2,399,522
94$3,628,768$0$0$2,568,400
95$3,886,602$0$0$2,752,113
96$4,167,197$0$0$2,952,100
97$4,472,765$0$0$3,169,943
98$4,805,736$0$0$3,407,382
99$5,168,788$0$0$3,666,335
100$5,564,866$0$0$3,948,910