Can I retire at age 63 with 644,000?

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 $644,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$53,181$52,707$52,245$51,794$51,353$51,008
2 years$26,327$25,837$25,362$24,901$24,454$24,106
3 years$17,377$16,885$16,411$15,954$15,515$15,175
4 years$12,903$12,412$11,943$11,494$11,065$10,735
5 years$10,219$9,731$9,268$8,829$8,412$8,093
6 years$8,431$7,946$7,490$7,060$6,656$6,349
7 years$7,153$6,673$6,224$5,805$5,413$5,118
8 years$6,196$5,720$5,279$4,869$4,491$4,208
9 years$5,452$4,980$4,546$4,148$3,782$3,511
10 years$4,857$4,390$3,964$3,575$3,222$2,963
11 years$4,370$3,908$3,490$3,112$2,771$2,524
12 years$3,965$3,508$3,097$2,729$2,401$2,166
13 years$3,623$3,170$2,767$2,410$2,094$1,869
14 years$3,329$2,881$2,486$2,139$1,836$1,622
15 years$3,075$2,632$2,245$1,908$1,616$1,413
16 years$2,853$2,415$2,035$1,708$1,428$1,235
17 years$2,657$2,224$1,852$1,535$1,267$1,084
18 years$2,484$2,055$1,690$1,383$1,126$953
19 years$2,328$1,905$1,548$1,250$1,004$840
20 years$2,189$1,770$1,420$1,132$897$741
21 years$2,063$1,649$1,306$1,027$802$656
22 years$1,948$1,539$1,204$934$719$581
23 years$1,844$1,439$1,112$851$646$515
24 years$1,748$1,349$1,028$776$580$458
25 years$1,660$1,266$952$708$522$407
26 years$1,579$1,189$883$648$470$362
27 years$1,505$1,119$820$593$424$322
28 years$1,435$1,055$762$543$383$287
29 years$1,371$995$709$498$346$256
30 years$1,311$940$661$457$312$228
31 years$1,255$888$616$420$282$204
32 years$1,202$841$575$386$255$182
33 years$1,153$796$537$355$231$163
34 years$1,107$754$501$327$209$145
35 years$1,064$716$469$301$189$130
36 years$1,023$679$439$277$172$116
37 years$984$645$411$255$156$104
38 years$948$613$384$235$141$93
39 years$913$583$360$217$128$83
40 years$880$555$338$200$116$74
41 years$849$528$317$184$105$66
42 years$820$503$297$170$96$60
43 years$792$479$279$157$87$53
44 years$765$457$262$145$79$48
45 years$740$435$246$134$71$43
46 years$715$415$231$124$65$38
47 years$692$396$217$114$59$34
48 years$670$378$204$106$53$31
49 years$649$361$191$98$49$27
50 years$629$345$180$90$44$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $644,000, adding $3,484 every year, while hoping to spend $27,652 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: 37/50/13 Blend
62$644,000$644,000$644,000$644,000
63$713,282$679,150$669,168$736,714
64$756,615$683,007$662,163$757,663
65$803,441$686,126$653,998$777,357
66$854,088$688,441$644,602$798,024
67$908,915$689,885$633,906$819,764
68$968,317$690,382$621,834$842,691
69$1,032,728$689,854$608,309$866,930
70$1,102,628$688,218$593,249$892,621
71$1,178,540$685,385$576,567$919,922
72$1,261,045$681,262$558,175$949,005
73$1,350,777$675,749$537,980$980,067
74$1,448,436$668,742$515,882$1,013,324
75$1,554,794$660,126$491,781$1,049,017
76$1,670,695$649,786$465,569$1,087,416
77$1,797,075$637,593$437,134$1,128,820
78$1,934,958$623,417$406,359$1,173,563
79$2,085,474$607,115$373,123$1,222,014
80$2,249,867$588,539$337,297$1,274,585
81$2,429,506$567,530$298,749$1,331,734
82$2,625,899$543,921$257,340$1,393,969
83$2,840,703$517,536$212,924$1,461,855
84$3,075,747$488,187$165,349$1,536,018
85$3,333,042$455,677$114,457$1,617,153
86$3,614,803$419,797$60,082$1,706,032
87$3,923,471$380,325$2,053$1,803,511
88$4,261,731$337,027$0$1,910,537
89$4,632,544$289,657$0$2,036,469
90$5,039,166$237,953$0$2,175,011
91$5,485,188$181,640$0$2,327,195
92$5,974,564$120,426$0$2,494,481
93$6,511,647$54,005$0$2,678,484
94$7,101,234$0$0$2,880,988
95$7,748,610$0$0$3,113,843
96$8,459,593$0$0$3,402,304
97$9,240,597$0$0$3,719,270
98$10,098,685$0$0$4,067,619
99$11,041,636$0$0$4,450,523
100$12,078,025$0$0$4,871,475