Can I retire at age 63 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$53,098$52,625$52,164$51,714$51,274$49,933
2 years$26,286$25,797$25,322$24,862$24,416$23,074
3 years$17,350$16,858$16,385$15,929$15,491$14,190
4 years$12,883$12,393$11,924$11,476$11,048$9,798
5 years$10,203$9,716$9,254$8,815$8,399$7,204
6 years$8,417$7,934$7,478$7,049$6,645$5,506
7 years$7,142$6,663$6,215$5,796$5,405$4,321
8 years$6,186$5,711$5,270$4,862$4,484$3,455
9 years$5,443$4,973$4,539$4,141$3,776$2,802
10 years$4,849$4,383$3,958$3,570$3,217$2,296
11 years$4,364$3,902$3,484$3,107$2,767$1,898
12 years$3,959$3,502$3,092$2,725$2,398$1,579
13 years$3,617$3,165$2,763$2,406$2,091$1,321
14 years$3,324$2,877$2,482$2,136$1,833$1,109
15 years$3,070$2,628$2,241$1,905$1,614$935
16 years$2,849$2,411$2,032$1,705$1,426$791
17 years$2,653$2,221$1,849$1,532$1,265$670
18 years$2,480$2,052$1,688$1,381$1,124$569
19 years$2,325$1,902$1,545$1,248$1,002$484
20 years$2,185$1,767$1,418$1,130$895$413
21 years$2,059$1,646$1,304$1,026$801$352
22 years$1,945$1,537$1,202$933$718$301
23 years$1,841$1,437$1,110$849$645$257
24 years$1,745$1,347$1,027$775$579$220
25 years$1,658$1,264$951$707$521$188
26 years$1,577$1,188$882$647$470$161
27 years$1,502$1,118$819$592$423$138
28 years$1,433$1,053$761$542$382$118
29 years$1,369$994$708$497$345$101
30 years$1,309$938$660$456$312$87
31 years$1,253$887$615$419$282$75
32 years$1,201$839$574$385$255$64
33 years$1,152$795$536$354$231$55
34 years$1,105$753$501$326$209$47
35 years$1,062$715$468$300$189$40
36 years$1,021$678$438$276$171$35
37 years$983$644$410$255$155$30
38 years$946$612$384$235$141$26
39 years$912$582$360$216$128$22
40 years$879$554$337$200$116$19
41 years$848$527$316$184$105$16
42 years$819$502$296$170$95$14
43 years$791$478$278$157$87$12
44 years$764$456$261$145$79$10
45 years$739$435$245$134$71$9
46 years$714$415$230$124$65$8
47 years$691$396$216$114$59$7
48 years$669$378$203$106$53$6
49 years$648$361$191$98$49$5
50 years$628$345$180$90$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $643,000, adding $4,147 every year, while hoping to spend $29,111 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: 38/48/14 Blend
62$643,000$643,000$643,000$643,000
63$712,864$678,785$668,818$736,785
64$754,602$681,071$660,250$756,536
65$799,622$682,494$650,418$774,748
66$848,227$682,980$639,252$793,798
67$900,752$682,452$626,672$813,777
68$957,564$680,828$612,601$834,785
69$1,019,066$678,019$596,954$856,936
70$1,085,702$673,933$579,643$880,354
71$1,157,960$668,472$560,577$905,183
72$1,236,375$661,530$539,660$931,580
73$1,321,539$652,999$516,792$959,722
74$1,414,099$642,759$491,868$989,807
75$1,514,771$630,687$464,779$1,022,056
76$1,624,338$616,652$435,409$1,056,713
77$1,743,666$600,513$403,641$1,094,055
78$1,873,704$582,123$369,348$1,134,386
79$2,015,501$561,326$332,399$1,178,048
80$2,170,207$537,956$292,660$1,225,419
81$2,339,091$511,838$249,987$1,276,923
82$2,523,548$482,788$204,231$1,333,029
83$2,725,114$450,609$155,237$1,394,260
84$2,945,481$415,094$102,843$1,461,195
85$3,186,512$376,025$46,880$1,534,481
86$3,450,256$333,170$0$1,614,835
87$3,738,972$286,286$0$1,704,970
88$4,055,145$235,112$0$1,811,449
89$4,401,515$179,377$0$1,928,271
90$4,781,095$118,793$0$2,056,554
91$5,197,208$53,055$0$2,197,535
92$5,653,510$0$0$2,352,584
93$6,154,030$0$0$2,532,807
94$6,703,204$0$0$2,761,385
95$7,305,920$0$0$3,012,341
96$7,967,562$0$0$3,287,926
97$8,694,059$0$0$3,590,624
98$9,491,943$0$0$3,923,168
99$10,368,410$0$0$4,288,570
100$11,331,389$0$0$4,690,148