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%19.8%
1 years$53,181$52,707$52,245$51,794$51,353$49,335
2 years$26,327$25,837$25,362$24,901$24,454$22,446
3 years$17,377$16,885$16,411$15,954$15,515$13,579
4 years$12,903$12,412$11,943$11,494$11,065$9,217
5 years$10,219$9,731$9,268$8,829$8,412$6,656
6 years$8,431$7,946$7,490$7,060$6,656$4,993
7 years$7,153$6,673$6,224$5,805$5,413$3,843
8 years$6,196$5,720$5,279$4,869$4,491$3,012
9 years$5,452$4,980$4,546$4,148$3,782$2,393
10 years$4,857$4,390$3,964$3,575$3,222$1,919
11 years$4,370$3,908$3,490$3,112$2,771$1,552
12 years$3,965$3,508$3,097$2,729$2,401$1,262
13 years$3,623$3,170$2,767$2,410$2,094$1,032
14 years$3,329$2,881$2,486$2,139$1,836$846
15 years$3,075$2,632$2,245$1,908$1,616$696
16 years$2,853$2,415$2,035$1,708$1,428$575
17 years$2,657$2,224$1,852$1,535$1,267$475
18 years$2,484$2,055$1,690$1,383$1,126$393
19 years$2,328$1,905$1,548$1,250$1,004$326
20 years$2,189$1,770$1,420$1,132$897$271
21 years$2,063$1,649$1,306$1,027$802$225
22 years$1,948$1,539$1,204$934$719$187
23 years$1,844$1,439$1,112$851$646$156
24 years$1,748$1,349$1,028$776$580$130
25 years$1,660$1,266$952$708$522$108
26 years$1,579$1,189$883$648$470$90
27 years$1,505$1,119$820$593$424$75
28 years$1,435$1,055$762$543$383$62
29 years$1,371$995$709$498$346$52
30 years$1,311$940$661$457$312$43
31 years$1,255$888$616$420$282$36
32 years$1,202$841$575$386$255$30
33 years$1,153$796$537$355$231$25
34 years$1,107$754$501$327$209$21
35 years$1,064$716$469$301$189$18
36 years$1,023$679$439$277$172$15
37 years$984$645$411$255$156$12
38 years$948$613$384$235$141$10
39 years$913$583$360$217$128$9
40 years$880$555$338$200$116$7
41 years$849$528$317$184$105$6
42 years$820$503$297$170$96$5
43 years$792$479$279$157$87$4
44 years$765$457$262$145$79$3
45 years$740$435$246$134$71$3
46 years$715$415$231$124$65$2
47 years$692$396$217$114$59$2
48 years$670$378$204$106$53$2
49 years$649$361$191$98$49$1
50 years$629$345$180$90$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $644,000, adding $5,927 every year, while hoping to spend $47,235 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: 62/16/22 Blend
62$644,000$644,000$644,000$644,000
63$715,802$681,670$671,688$755,718
64$738,556$664,814$643,932$766,547
65$762,048$645,549$613,662$772,606
66$786,303$623,707$580,746$778,156
67$811,347$599,110$545,043$783,153
68$837,209$571,571$506,406$787,552
69$863,917$540,890$464,683$791,305
70$891,500$506,857$419,714$794,358
71$919,989$469,250$371,330$796,660
72$949,418$427,833$319,360$798,153
73$979,819$382,357$263,619$798,777
74$1,011,228$332,560$203,918$798,470
75$1,043,682$278,165$140,058$797,163
76$1,077,220$218,877$71,832$794,789
77$1,111,882$154,388$0$791,273
78$1,147,710$84,369$0$786,768
79$1,184,749$8,475$0$798,972
80$1,223,044$0$0$810,977
81$1,262,646$0$0$835,719
82$1,303,605$0$0$862,854
83$1,345,975$0$0$890,926
84$1,389,812$0$0$919,974
85$1,435,178$0$0$950,037
86$1,482,134$0$0$981,157
87$1,530,748$0$0$1,013,380
88$1,581,090$0$0$1,046,752
89$1,633,233$0$0$1,081,323
90$1,687,259$0$0$1,117,146
91$1,743,248$0$0$1,154,278
92$1,801,292$0$0$1,192,777
93$1,861,483$0$0$1,232,707
94$1,923,922$0$0$1,274,135
95$1,988,715$0$0$1,317,133
96$2,055,977$0$0$1,361,777
97$2,125,829$0$0$1,408,150
98$2,198,400$0$0$1,456,338
99$2,273,829$0$0$1,506,435
100$2,352,265$0$0$1,558,540