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%12.3%
1 years$53,511$53,035$52,570$52,116$51,672$51,175
2 years$26,491$25,997$25,519$25,056$24,606$24,105
3 years$17,485$16,990$16,513$16,053$15,611$15,122
4 years$12,983$12,489$12,017$11,566$11,134$10,661
5 years$10,283$9,792$9,326$8,883$8,464$8,008
6 years$8,483$7,996$7,537$7,104$6,697$6,259
7 years$7,198$6,715$6,263$5,841$5,447$5,026
8 years$6,235$5,756$5,311$4,900$4,518$4,115
9 years$5,486$5,011$4,575$4,173$3,805$3,420
10 years$4,887$4,417$3,988$3,598$3,242$2,874
11 years$4,397$3,932$3,511$3,131$2,788$2,437
12 years$3,990$3,530$3,116$2,746$2,416$2,082
13 years$3,645$3,190$2,784$2,425$2,107$1,789
14 years$3,350$2,899$2,502$2,152$1,847$1,545
15 years$3,094$2,649$2,259$1,919$1,626$1,340
16 years$2,871$2,430$2,048$1,719$1,437$1,166
17 years$2,674$2,238$1,863$1,544$1,274$1,018
18 years$2,499$2,068$1,701$1,392$1,133$890
19 years$2,343$1,917$1,557$1,257$1,010$781
20 years$2,202$1,781$1,429$1,139$902$686
21 years$2,075$1,659$1,314$1,034$807$604
22 years$1,960$1,549$1,211$940$724$532
23 years$1,855$1,448$1,119$856$650$469
24 years$1,759$1,357$1,035$781$584$415
25 years$1,671$1,273$958$713$525$366
26 years$1,589$1,197$889$652$473$324
27 years$1,514$1,126$825$597$427$287
28 years$1,444$1,061$767$547$385$254
29 years$1,379$1,001$714$501$348$226
30 years$1,319$946$665$460$314$200
31 years$1,263$894$620$423$284$178
32 years$1,210$846$578$388$257$158
33 years$1,160$801$540$357$232$140
34 years$1,114$759$505$329$210$124
35 years$1,070$720$472$302$191$110
36 years$1,029$683$441$279$173$98
37 years$990$649$413$257$157$87
38 years$954$617$387$237$142$78
39 years$919$587$362$218$129$69
40 years$886$558$340$201$117$61
41 years$855$531$319$186$106$55
42 years$825$506$299$171$96$49
43 years$797$482$280$158$87$43
44 years$770$460$263$146$79$38
45 years$744$438$247$135$72$34
46 years$720$418$232$125$65$30
47 years$697$399$218$115$59$27
48 years$674$381$205$106$54$24
49 years$653$364$193$98$49$21
50 years$633$347$181$91$44$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $648,000, adding $6,821 every year, while hoping to spend $51,906 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: 22/50/28 Blend
62$648,000$648,000$648,000$648,000
63$721,132$686,788$676,744$730,491
64$739,460$665,213$644,187$717,704
65$757,917$640,841$608,800$699,254
66$776,463$613,481$570,433$678,398
67$795,050$582,928$528,930$654,973
68$813,623$548,970$484,127$628,807
69$832,121$511,378$435,854$599,717
70$850,474$469,913$383,932$567,507
71$868,604$424,320$328,176$531,972
72$886,422$374,332$268,390$492,894
73$903,828$319,664$204,371$450,041
74$920,709$260,019$135,908$403,167
75$936,940$195,078$62,780$352,012
76$952,379$124,508$0$296,301
77$966,869$47,957$0$240,298
78$980,234$0$0$199,447
79$992,276$0$0$173,946
80$1,002,776$0$0$174,393
81$1,011,490$0$0$174,341
82$1,018,145$0$0$173,722
83$1,022,439$0$0$172,460
84$1,024,035$0$0$170,471
85$1,022,559$0$0$167,663
86$1,017,596$0$0$163,931
87$1,008,684$0$0$159,164
88$995,313$0$0$153,232
89$976,916$0$0$145,998
90$952,866$0$0$137,306
91$922,466$0$0$126,984
92$884,945$0$0$114,842
93$839,452$0$0$100,672
94$785,043$0$0$84,242
95$720,672$0$0$65,294
96$645,186$0$0$43,546
97$557,306$0$0$18,685
98$455,622$0$0$0
99$338,572$0$0$0
100$204,433$0$0$0