Can I retire at age 63 with 644,000?

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 $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%16%
1 years$53,181$52,707$52,245$51,794$51,353$50,092
2 years$26,327$25,837$25,362$24,901$24,454$23,191
3 years$17,377$16,885$16,411$15,954$15,515$14,289
4 years$12,903$12,412$11,943$11,494$11,065$9,887
5 years$10,219$9,731$9,268$8,829$8,412$7,284
6 years$8,431$7,946$7,490$7,060$6,656$5,580
7 years$7,153$6,673$6,224$5,805$5,413$4,389
8 years$6,196$5,720$5,279$4,869$4,491$3,518
9 years$5,452$4,980$4,546$4,148$3,782$2,859
10 years$4,857$4,390$3,964$3,575$3,222$2,349
11 years$4,370$3,908$3,490$3,112$2,771$1,947
12 years$3,965$3,508$3,097$2,729$2,401$1,624
13 years$3,623$3,170$2,767$2,410$2,094$1,362
14 years$3,329$2,881$2,486$2,139$1,836$1,147
15 years$3,075$2,632$2,245$1,908$1,616$970
16 years$2,853$2,415$2,035$1,708$1,428$822
17 years$2,657$2,224$1,852$1,535$1,267$699
18 years$2,484$2,055$1,690$1,383$1,126$595
19 years$2,328$1,905$1,548$1,250$1,004$508
20 years$2,189$1,770$1,420$1,132$897$434
21 years$2,063$1,649$1,306$1,027$802$371
22 years$1,948$1,539$1,204$934$719$318
23 years$1,844$1,439$1,112$851$646$273
24 years$1,748$1,349$1,028$776$580$234
25 years$1,660$1,266$952$708$522$201
26 years$1,579$1,189$883$648$470$173
27 years$1,505$1,119$820$593$424$148
28 years$1,435$1,055$762$543$383$128
29 years$1,371$995$709$498$346$110
30 years$1,311$940$661$457$312$94
31 years$1,255$888$616$420$282$81
32 years$1,202$841$575$386$255$70
33 years$1,153$796$537$355$231$60
34 years$1,107$754$501$327$209$52
35 years$1,064$716$469$301$189$45
36 years$1,023$679$439$277$172$39
37 years$984$645$411$255$156$33
38 years$948$613$384$235$141$29
39 years$913$583$360$217$128$25
40 years$880$555$338$200$116$21
41 years$849$528$317$184$105$18
42 years$820$503$297$170$96$16
43 years$792$479$279$157$87$14
44 years$765$457$262$145$79$12
45 years$740$435$246$134$71$10
46 years$715$415$231$124$65$9
47 years$692$396$217$114$59$7
48 years$670$378$204$106$53$6
49 years$649$361$191$98$49$6
50 years$629$345$180$90$44$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $644,000, adding $2,360 every year, while hoping to spend $24,470 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: 64/26/10 Blend
62$644,000$644,000$644,000$644,000
63$712,122$677,990$668,008$756,001
64$758,723$685,176$664,351$792,766
65$809,257$691,894$659,750$829,830
66$864,099$698,094$654,150$869,690
67$923,662$703,726$647,490$912,618
68$988,401$708,734$639,706$958,912
69$1,058,815$713,059$630,733$1,008,901
70$1,135,453$716,638$620,501$1,062,949
71$1,218,921$719,405$608,940$1,121,457
72$1,309,883$721,288$595,971$1,184,867
73$1,409,072$722,212$581,518$1,253,667
74$1,517,295$722,098$565,495$1,328,395
75$1,635,437$720,859$547,818$1,409,645
76$1,764,477$718,406$528,395$1,498,072
77$1,905,489$714,643$507,132$1,594,398
78$2,059,657$709,469$483,928$1,699,420
79$2,228,283$702,774$458,682$1,814,017
80$2,412,804$694,446$431,283$1,939,159
81$2,614,799$684,363$401,620$2,075,915
82$2,836,008$672,396$369,574$2,225,466
83$3,078,346$658,409$335,020$2,389,114
84$3,343,925$642,259$297,831$2,568,293
85$3,635,068$623,792$257,871$2,764,588
86$3,954,335$602,847$214,999$2,979,745
87$4,304,544$579,254$169,069$3,215,691
88$4,688,800$552,831$119,926$3,474,550
89$5,110,525$523,386$67,410$3,758,666
90$5,573,484$490,718$11,354$4,070,624
91$6,081,829$454,612$0$4,413,274
92$6,640,130$414,843$0$4,794,931
93$7,253,423$371,170$0$5,215,520
94$7,927,256$323,341$0$5,677,672
95$8,667,741$271,090$0$6,185,624
96$9,481,610$214,132$0$6,744,048
97$10,376,281$152,172$0$7,358,094
98$11,359,926$84,893$0$8,033,440
99$12,441,549$11,963$0$8,776,344
100$13,631,069$0$0$9,593,708