Can I retire at age 63 with 648,000?

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 $648,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$53,511$53,035$52,570$52,116$51,672$50,775
2 years$26,491$25,997$25,519$25,056$24,606$23,704
3 years$17,485$16,990$16,513$16,053$15,611$14,734
4 years$12,983$12,489$12,017$11,566$11,134$10,288
5 years$10,283$9,792$9,326$8,883$8,464$7,651
6 years$8,483$7,996$7,537$7,104$6,697$5,919
7 years$7,198$6,715$6,263$5,841$5,447$4,703
8 years$6,235$5,756$5,311$4,900$4,518$3,809
9 years$5,486$5,011$4,575$4,173$3,805$3,130
10 years$4,887$4,417$3,988$3,598$3,242$2,600
11 years$4,397$3,932$3,511$3,131$2,788$2,179
12 years$3,990$3,530$3,116$2,746$2,416$1,839
13 years$3,645$3,190$2,784$2,425$2,107$1,561
14 years$3,350$2,899$2,502$2,152$1,847$1,331
15 years$3,094$2,649$2,259$1,919$1,626$1,139
16 years$2,871$2,430$2,048$1,719$1,437$978
17 years$2,674$2,238$1,863$1,544$1,274$843
18 years$2,499$2,068$1,701$1,392$1,133$727
19 years$2,343$1,917$1,557$1,257$1,010$629
20 years$2,202$1,781$1,429$1,139$902$545
21 years$2,075$1,659$1,314$1,034$807$473
22 years$1,960$1,549$1,211$940$724$411
23 years$1,855$1,448$1,119$856$650$357
24 years$1,759$1,357$1,035$781$584$311
25 years$1,671$1,273$958$713$525$271
26 years$1,589$1,197$889$652$473$236
27 years$1,514$1,126$825$597$427$206
28 years$1,444$1,061$767$547$385$179
29 years$1,379$1,001$714$501$348$157
30 years$1,319$946$665$460$314$137
31 years$1,263$894$620$423$284$120
32 years$1,210$846$578$388$257$104
33 years$1,160$801$540$357$232$91
34 years$1,114$759$505$329$210$80
35 years$1,070$720$472$302$191$70
36 years$1,029$683$441$279$173$61
37 years$990$649$413$257$157$53
38 years$954$617$387$237$142$47
39 years$919$587$362$218$129$41
40 years$886$558$340$201$117$36
41 years$855$531$319$186$106$31
42 years$825$506$299$171$96$27
43 years$797$482$280$158$87$24
44 years$770$460$263$146$79$21
45 years$744$438$247$135$72$18
46 years$720$418$232$125$65$16
47 years$697$399$218$115$59$14
48 years$674$381$205$106$54$12
49 years$653$364$193$98$49$11
50 years$633$347$181$91$44$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $648,000, adding $2,882 every year, while hoping to spend $40,224 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: 44/47/9 Blend
62$648,000$648,000$648,000$648,000
63$717,069$682,725$672,681$746,655
64$747,412$673,380$652,418$758,122
65$779,502$662,230$630,127$766,206
66$813,474$649,142$605,700$774,053
67$849,477$633,979$579,020$781,654
68$887,673$616,593$549,966$789,005
69$928,239$596,829$518,413$796,104
70$971,368$574,523$484,229$802,951
71$1,017,272$549,499$447,275$809,549
72$1,066,184$521,575$407,409$815,909
73$1,118,357$490,554$364,479$822,041
74$1,174,069$456,231$318,329$827,967
75$1,233,626$418,388$268,795$833,710
76$1,297,361$376,794$215,704$839,303
77$1,365,641$331,206$158,880$844,788
78$1,438,868$281,367$98,134$850,215
79$1,517,483$227,005$33,272$855,646
80$1,601,970$167,832$0$861,155
81$1,692,861$103,545$0$870,283
82$1,790,738$33,824$0$883,317
83$1,896,243$0$0$897,202
84$2,010,079$0$0$933,653
85$2,133,019$0$0$991,973
86$2,265,914$0$0$1,055,079
87$2,409,697$0$0$1,123,423
88$2,565,394$0$0$1,197,500
89$2,734,134$0$0$1,277,857
90$2,917,159$0$0$1,365,094
91$3,115,833$0$0$1,459,872
92$3,331,657$0$0$1,562,916
93$3,566,282$0$0$1,675,026
94$3,821,525$0$0$1,797,081
95$4,099,384$0$0$1,930,049
96$4,402,059$0$0$2,074,994
97$4,731,970$0$0$2,233,087
98$5,091,781$0$0$2,405,620
99$5,484,422$0$0$2,594,010
100$5,913,121$0$0$2,799,821