Can I retire at age 63 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$53,346$52,871$52,407$51,955$51,513$50,085
2 years$26,409$25,917$25,440$24,978$24,530$23,102
3 years$17,431$16,937$16,462$16,004$15,563$14,179
4 years$12,943$12,451$11,980$11,530$11,100$9,771
5 years$10,251$9,761$9,297$8,856$8,438$7,169
6 years$8,457$7,971$7,513$7,082$6,676$5,467
7 years$7,176$6,694$6,244$5,823$5,430$4,281
8 years$6,215$5,738$5,295$4,885$4,504$3,415
9 years$5,469$4,996$4,561$4,161$3,793$2,763
10 years$4,872$4,404$3,976$3,586$3,232$2,259
11 years$4,384$3,920$3,500$3,121$2,780$1,862
12 years$3,977$3,519$3,107$2,738$2,409$1,545
13 years$3,634$3,180$2,775$2,417$2,101$1,289
14 years$3,340$2,890$2,494$2,146$1,841$1,080
15 years$3,085$2,640$2,252$1,913$1,621$908
16 years$2,862$2,423$2,041$1,713$1,433$765
17 years$2,666$2,231$1,858$1,539$1,271$647
18 years$2,491$2,062$1,696$1,387$1,130$548
19 years$2,336$1,911$1,552$1,254$1,007$464
20 years$2,196$1,775$1,425$1,135$899$395
21 years$2,069$1,654$1,310$1,030$805$336
22 years$1,954$1,544$1,208$937$721$286
23 years$1,849$1,444$1,115$853$648$243
24 years$1,754$1,353$1,031$778$582$207
25 years$1,665$1,270$955$711$524$177
26 years$1,584$1,193$886$650$472$151
27 years$1,509$1,123$823$595$425$129
28 years$1,440$1,058$765$545$384$110
29 years$1,375$998$712$500$347$94
30 years$1,315$943$663$459$313$81
31 years$1,259$891$618$421$283$69
32 years$1,206$843$577$387$256$59
33 years$1,157$799$538$356$232$50
34 years$1,111$757$503$328$210$43
35 years$1,067$718$470$302$190$37
36 years$1,026$681$440$278$172$32
37 years$987$647$412$256$156$27
38 years$951$615$386$236$142$23
39 years$916$585$361$217$128$20
40 years$883$556$339$201$116$17
41 years$852$530$318$185$106$14
42 years$822$504$298$171$96$12
43 years$794$481$279$158$87$11
44 years$768$458$262$146$79$9
45 years$742$437$246$134$72$8
46 years$718$417$231$124$65$7
47 years$694$398$217$115$59$6
48 years$672$380$204$106$54$5
49 years$651$363$192$98$49$4
50 years$631$346$181$91$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $646,000, adding $5,929 every year, while hoping to spend $31,266 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: 66/28/6 Blend
62$646,000$646,000$646,000$646,000
63$718,008$683,770$673,757$764,330
64$757,978$684,008$663,061$796,078
65$800,977$683,209$650,959$826,455
66$847,281$681,291$637,370$858,816
67$897,193$678,164$622,212$893,352
68$951,046$673,733$605,395$930,272
69$1,009,206$667,899$586,829$969,806
70$1,072,074$660,556$566,417$1,012,211
71$1,140,093$651,590$544,059$1,057,767
72$1,213,747$640,883$519,650$1,106,787
73$1,293,572$628,308$493,081$1,159,616
74$1,380,153$613,732$464,236$1,216,633
75$1,474,137$597,013$432,995$1,278,260
76$1,576,232$578,001$399,235$1,344,961
77$1,687,222$556,536$362,823$1,417,249
78$1,807,964$532,452$323,623$1,495,693
79$1,939,404$505,570$281,492$1,580,918
80$2,082,582$475,702$236,281$1,673,616
81$2,238,643$442,649$187,834$1,774,553
82$2,408,847$406,201$135,989$1,884,573
83$2,594,580$366,136$80,575$2,004,609
84$2,797,370$322,219$21,417$2,135,690
85$3,018,895$274,201$0$2,278,956
86$3,261,006$221,821$0$2,438,333
87$3,525,739$164,800$0$2,614,174
88$3,815,336$102,847$0$2,806,652
89$4,132,266$35,653$0$3,017,472
90$4,479,248$0$0$3,248,515
91$4,859,275$0$0$3,513,291
92$5,275,644$0$0$3,815,464
93$5,731,985$0$0$4,146,689
94$6,232,297$0$0$4,509,873
95$6,780,983$0$0$4,908,220
96$7,382,895$0$0$5,345,255
97$8,043,375$0$0$5,824,864
98$8,768,308$0$0$6,351,327
99$9,564,176$0$0$6,929,358
100$10,438,120$0$0$7,564,148