Can I retire at age 63 with 641,000?

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 $641,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$52,933$52,462$52,002$51,553$51,114$49,637
2 years$26,205$25,717$25,244$24,785$24,340$22,864
3 years$17,296$16,806$16,334$15,880$15,442$14,013
4 years$12,843$12,354$11,887$11,441$11,014$9,642
5 years$10,172$9,686$9,225$8,787$8,372$7,063
6 years$8,391$7,909$7,455$7,027$6,625$5,378
7 years$7,120$6,642$6,195$5,778$5,388$4,204
8 years$6,167$5,694$5,254$4,847$4,470$3,348
9 years$5,426$4,957$4,525$4,128$3,764$2,703
10 years$4,834$4,370$3,945$3,559$3,207$2,206
11 years$4,350$3,890$3,473$3,097$2,758$1,815
12 years$3,947$3,491$3,083$2,717$2,390$1,503
13 years$3,606$3,155$2,754$2,398$2,084$1,251
14 years$3,314$2,868$2,474$2,129$1,827$1,046
15 years$3,061$2,620$2,234$1,899$1,609$877
16 years$2,840$2,404$2,026$1,700$1,422$738
17 years$2,645$2,214$1,843$1,527$1,261$622
18 years$2,472$2,046$1,683$1,377$1,121$526
19 years$2,318$1,896$1,540$1,244$999$445
20 years$2,179$1,762$1,414$1,127$892$377
21 years$2,053$1,641$1,300$1,022$799$320
22 years$1,939$1,532$1,198$930$716$272
23 years$1,835$1,433$1,107$847$643$231
24 years$1,740$1,342$1,023$772$578$197
25 years$1,653$1,260$948$705$520$167
26 years$1,572$1,184$879$645$468$142
27 years$1,498$1,114$816$590$422$121
28 years$1,429$1,050$759$541$381$103
29 years$1,365$990$706$496$344$88
30 years$1,305$935$658$455$311$75
31 years$1,249$884$613$418$281$64
32 years$1,197$837$572$384$254$55
33 years$1,148$792$534$353$230$47
34 years$1,102$751$499$325$208$40
35 years$1,059$712$467$299$189$34
36 years$1,018$676$437$276$171$29
37 years$980$642$409$254$155$25
38 years$943$610$383$234$140$21
39 years$909$580$358$216$127$18
40 years$876$552$336$199$115$15
41 years$845$526$315$184$105$13
42 years$816$500$296$169$95$11
43 years$788$477$277$156$86$10
44 years$762$455$260$144$78$8
45 years$736$433$244$133$71$7
46 years$712$414$230$123$65$6
47 years$689$395$216$114$59$5
48 years$667$377$203$105$53$4
49 years$646$360$191$97$48$4
50 years$626$344$179$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $641,000, adding $5,054 every year, while hoping to spend $26,132 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: 63/27/10 Blend
62$641,000$641,000$641,000$641,000
63$711,595$677,622$667,687$754,539
64$756,374$683,021$662,250$789,263
65$804,844$687,809$655,755$823,670
66$857,354$691,929$648,140$860,578
67$914,289$695,318$639,337$900,231
68$976,070$697,912$629,278$942,896
69$1,043,161$699,641$617,891$988,868
70$1,116,072$700,433$605,099$1,038,472
71$1,195,366$700,208$590,824$1,092,069
72$1,281,659$698,884$574,983$1,150,055
73$1,375,632$696,373$557,488$1,212,868
74$1,478,032$692,581$538,250$1,280,991
75$1,589,683$687,409$517,172$1,354,959
76$1,711,490$680,751$494,157$1,435,360
77$1,844,451$672,497$469,100$1,522,845
78$1,989,662$662,527$441,893$1,618,130
79$2,148,334$650,717$412,422$1,722,008
80$2,321,795$636,933$380,570$1,835,352
81$2,511,511$621,036$346,211$1,959,127
82$2,719,094$602,875$309,218$2,094,396
83$2,946,320$582,294$269,455$2,242,335
84$3,195,144$559,126$226,782$2,404,239
85$3,467,719$533,194$181,050$2,581,538
86$3,766,418$504,312$132,106$2,775,809
87$4,093,850$472,281$79,789$2,988,794
88$4,452,894$436,894$23,933$3,222,413
89$4,846,716$397,929$0$3,478,784
90$5,278,807$355,153$0$3,764,052
91$5,753,009$308,319$0$4,079,963
92$6,273,556$257,167$0$4,426,825
93$6,845,112$201,421$0$4,807,797
94$7,472,813$140,791$0$5,226,364
95$8,162,319$74,969$0$5,686,368
96$8,919,865$3,631$0$6,192,045
97$9,752,317$0$0$6,748,066
98$10,667,242$0$0$7,381,438
99$11,672,975$0$0$8,078,909
100$12,778,700$0$0$8,845,777