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%12.5%
1 years$53,181$52,707$52,245$51,794$51,353$50,817
2 years$26,327$25,837$25,362$24,901$24,454$23,914
3 years$17,377$16,885$16,411$15,954$15,515$14,988
4 years$12,903$12,412$11,943$11,494$11,065$10,555
5 years$10,219$9,731$9,268$8,829$8,412$7,920
6 years$8,431$7,946$7,490$7,060$6,656$6,183
7 years$7,153$6,673$6,224$5,805$5,413$4,960
8 years$6,196$5,720$5,279$4,869$4,491$4,057
9 years$5,452$4,980$4,546$4,148$3,782$3,367
10 years$4,857$4,390$3,964$3,575$3,222$2,827
11 years$4,370$3,908$3,490$3,112$2,771$2,394
12 years$3,965$3,508$3,097$2,729$2,401$2,043
13 years$3,623$3,170$2,767$2,410$2,094$1,753
14 years$3,329$2,881$2,486$2,139$1,836$1,512
15 years$3,075$2,632$2,245$1,908$1,616$1,309
16 years$2,853$2,415$2,035$1,708$1,428$1,138
17 years$2,657$2,224$1,852$1,535$1,267$992
18 years$2,484$2,055$1,690$1,383$1,126$866
19 years$2,328$1,905$1,548$1,250$1,004$759
20 years$2,189$1,770$1,420$1,132$897$665
21 years$2,063$1,649$1,306$1,027$802$585
22 years$1,948$1,539$1,204$934$719$515
23 years$1,844$1,439$1,112$851$646$453
24 years$1,748$1,349$1,028$776$580$400
25 years$1,660$1,266$952$708$522$353
26 years$1,579$1,189$883$648$470$312
27 years$1,505$1,119$820$593$424$276
28 years$1,435$1,055$762$543$383$244
29 years$1,371$995$709$498$346$216
30 years$1,311$940$661$457$312$191
31 years$1,255$888$616$420$282$169
32 years$1,202$841$575$386$255$150
33 years$1,153$796$537$355$231$133
34 years$1,107$754$501$327$209$118
35 years$1,064$716$469$301$189$105
36 years$1,023$679$439$277$172$93
37 years$984$645$411$255$156$82
38 years$948$613$384$235$141$73
39 years$913$583$360$217$128$65
40 years$880$555$338$200$116$58
41 years$849$528$317$184$105$51
42 years$820$503$297$170$96$45
43 years$792$479$279$157$87$40
44 years$765$457$262$145$79$36
45 years$740$435$246$134$71$32
46 years$715$415$231$124$65$28
47 years$692$396$217$114$59$25
48 years$670$378$204$106$53$22
49 years$649$361$191$98$49$20
50 years$629$345$180$90$44$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $644,000, adding $6,425 every year, while hoping to spend $29,762 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: 68/25/7 Blend
62$644,000$644,000$644,000$644,000
63$716,315$682,183$672,201$763,755
64$757,713$683,944$663,054$797,791
65$802,336$684,793$652,602$830,780
66$850,481$684,655$640,771$866,052
67$902,476$683,449$627,483$903,827
68$958,679$681,089$612,654$944,344
69$1,019,486$677,484$596,200$987,869
70$1,085,331$672,537$578,029$1,034,696
71$1,156,690$666,147$558,049$1,085,149
72$1,234,088$658,204$536,160$1,139,586
73$1,318,103$648,594$512,259$1,198,401
74$1,409,368$637,194$486,238$1,262,031
75$1,508,583$623,875$457,986$1,330,955
76$1,616,514$608,501$427,384$1,405,707
77$1,734,007$590,926$394,310$1,486,871
78$1,861,991$570,997$358,635$1,575,095
79$2,001,490$548,552$320,225$1,671,094
80$2,153,630$523,418$278,940$1,775,657
81$2,319,649$495,415$234,634$1,889,653
82$2,500,912$464,349$187,153$2,014,045
83$2,698,921$430,018$136,338$2,149,892
84$2,915,329$392,207$82,023$2,298,364
85$3,151,955$350,687$24,034$2,460,755
86$3,410,804$305,221$0$2,638,488
87$3,694,082$255,553$0$2,835,966
88$4,004,219$201,415$0$3,054,197
89$4,343,890$142,525$0$3,293,313
90$4,716,041$78,584$0$3,555,445
91$5,123,918$9,275$0$3,842,941
92$5,571,094$0$0$4,158,392
93$6,061,505$0$0$4,522,739
94$6,599,485$0$0$4,925,266
95$7,189,811$0$0$5,366,998
96$7,837,740$0$0$5,851,876
97$8,549,067$0$0$6,384,242
98$9,330,174$0$0$6,968,877
99$10,188,091$0$0$7,611,047
100$11,130,561$0$0$8,316,557