Can I retire at age 63 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$53,263$52,789$52,326$51,874$51,433$51,216
2 years$26,368$25,877$25,401$24,940$24,492$24,273
3 years$17,404$16,911$16,436$15,979$15,539$15,325
4 years$12,923$12,431$11,961$11,512$11,082$10,875
5 years$10,235$9,746$9,282$8,842$8,425$8,224
6 years$8,444$7,959$7,502$7,071$6,666$6,473
7 years$7,165$6,684$6,234$5,814$5,421$5,235
8 years$6,206$5,729$5,287$4,877$4,498$4,319
9 years$5,460$4,988$4,554$4,154$3,788$3,616
10 years$4,864$4,397$3,970$3,581$3,227$3,063
11 years$4,377$3,914$3,495$3,116$2,775$2,618
12 years$3,971$3,513$3,102$2,734$2,405$2,255
13 years$3,628$3,175$2,771$2,413$2,097$1,954
14 years$3,334$2,886$2,490$2,142$1,839$1,702
15 years$3,080$2,636$2,248$1,911$1,619$1,489
16 years$2,858$2,419$2,038$1,711$1,431$1,307
17 years$2,662$2,228$1,855$1,537$1,269$1,151
18 years$2,488$2,058$1,693$1,385$1,128$1,016
19 years$2,332$1,908$1,550$1,252$1,005$899
20 years$2,192$1,773$1,422$1,134$898$798
21 years$2,066$1,651$1,308$1,029$804$709
22 years$1,951$1,541$1,206$935$720$631
23 years$1,847$1,442$1,113$852$647$562
24 years$1,751$1,351$1,030$777$581$501
25 years$1,663$1,268$954$710$523$448
26 years$1,582$1,191$885$649$471$400
27 years$1,507$1,121$821$594$425$358
28 years$1,438$1,056$764$544$383$320
29 years$1,373$997$711$499$346$287
30 years$1,313$941$662$458$313$257
31 years$1,257$890$617$421$283$231
32 years$1,204$842$576$387$256$207
33 years$1,155$797$538$355$231$186
34 years$1,109$756$502$327$210$167
35 years$1,065$717$470$301$190$150
36 years$1,024$680$439$277$172$135
37 years$986$646$411$255$156$121
38 years$949$614$385$235$141$109
39 years$915$584$361$217$128$98
40 years$882$556$338$200$116$88
41 years$851$529$317$185$105$79
42 years$821$504$297$171$96$71
43 years$793$480$279$157$87$64
44 years$766$457$262$145$79$58
45 years$741$436$246$134$72$52
46 years$717$416$231$124$65$47
47 years$693$397$217$115$59$42
48 years$671$379$204$106$54$38
49 years$650$362$192$98$49$34
50 years$630$346$180$90$44$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $645,000, adding $4,300 every year, while hoping to spend $38,996 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: 36/46/18 Blend
62$645,000$645,000$645,000$645,000
63$715,225$681,040$671,043$736,918
64$746,687$672,920$652,031$744,943
65$780,051$663,095$631,076$749,625
66$815,469$651,440$608,071$753,860
67$853,110$637,823$582,904$757,632
68$893,156$622,105$555,459$760,922
69$935,806$604,137$525,616$763,717
70$981,281$583,762$493,247$766,004
71$1,029,820$560,815$458,219$767,774
72$1,081,686$535,119$420,394$769,020
73$1,137,167$506,489$379,626$769,741
74$1,196,580$474,729$335,765$769,939
75$1,260,270$439,630$288,653$769,622
76$1,328,619$400,973$238,124$768,804
77$1,402,043$358,525$184,005$767,506
78$1,481,000$312,041$126,118$765,758
79$1,565,993$261,263$64,274$763,601
80$1,657,574$205,914$0$761,084
81$1,756,350$145,707$0$758,601
82$1,862,987$80,336$0$769,094
83$1,978,216$9,477$0$780,340
84$2,102,843$0$0$792,493
85$2,237,751$0$0$839,751
86$2,383,914$0$0$896,224
87$2,542,399$0$0$957,538
88$2,714,382$0$0$1,024,158
89$2,901,156$0$0$1,096,596
90$3,104,143$0$0$1,175,413
91$3,324,908$0$0$1,261,228
92$3,565,171$0$0$1,354,724
93$3,826,827$0$0$1,456,649
94$4,111,958$0$0$1,567,828
95$4,422,859$0$0$1,689,170
96$4,762,054$0$0$1,821,673
97$5,132,320$0$0$1,966,438
98$5,536,717$0$0$2,124,676
99$5,978,610$0$0$2,297,720
100$6,461,707$0$0$2,487,040