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%14.4%
1 years$53,511$53,035$52,570$52,116$51,672$50,733
2 years$26,491$25,997$25,519$25,056$24,606$23,663
3 years$17,485$16,990$16,513$16,053$15,611$14,694
4 years$12,983$12,489$12,017$11,566$11,134$10,249
5 years$10,283$9,792$9,326$8,883$8,464$7,614
6 years$8,483$7,996$7,537$7,104$6,697$5,884
7 years$7,198$6,715$6,263$5,841$5,447$4,670
8 years$6,235$5,756$5,311$4,900$4,518$3,778
9 years$5,486$5,011$4,575$4,173$3,805$3,101
10 years$4,887$4,417$3,988$3,598$3,242$2,573
11 years$4,397$3,932$3,511$3,131$2,788$2,154
12 years$3,990$3,530$3,116$2,746$2,416$1,815
13 years$3,645$3,190$2,784$2,425$2,107$1,539
14 years$3,350$2,899$2,502$2,152$1,847$1,310
15 years$3,094$2,649$2,259$1,919$1,626$1,120
16 years$2,871$2,430$2,048$1,719$1,437$960
17 years$2,674$2,238$1,863$1,544$1,274$826
18 years$2,499$2,068$1,701$1,392$1,133$712
19 years$2,343$1,917$1,557$1,257$1,010$615
20 years$2,202$1,781$1,429$1,139$902$532
21 years$2,075$1,659$1,314$1,034$807$461
22 years$1,960$1,549$1,211$940$724$399
23 years$1,855$1,448$1,119$856$650$347
24 years$1,759$1,357$1,035$781$584$301
25 years$1,671$1,273$958$713$525$262
26 years$1,589$1,197$889$652$473$228
27 years$1,514$1,126$825$597$427$199
28 years$1,444$1,061$767$547$385$173
29 years$1,379$1,001$714$501$348$151
30 years$1,319$946$665$460$314$131
31 years$1,263$894$620$423$284$115
32 years$1,210$846$578$388$257$100
33 years$1,160$801$540$357$232$87
34 years$1,114$759$505$329$210$76
35 years$1,070$720$472$302$191$66
36 years$1,029$683$441$279$173$58
37 years$990$649$413$257$157$51
38 years$954$617$387$237$142$44
39 years$919$587$362$218$129$39
40 years$886$558$340$201$117$34
41 years$855$531$319$186$106$30
42 years$825$506$299$171$96$26
43 years$797$482$280$158$87$23
44 years$770$460$263$146$79$20
45 years$744$438$247$135$72$17
46 years$720$418$232$125$65$15
47 years$697$399$218$115$59$13
48 years$674$381$205$106$54$11
49 years$653$364$193$98$49$10
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 $5,090 every year, while hoping to spend $34,042 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: 44/34/22 Blend
62$648,000$648,000$648,000$648,000
63$719,346$685,002$674,958$746,213
64$756,499$682,347$661,349$763,044
65$796,301$678,421$646,143$777,564
66$838,985$673,125$629,250$792,612
67$884,810$666,356$610,578$808,255
68$934,056$658,003$590,028$824,569
69$987,033$647,949$567,498$841,637
70$1,044,082$636,070$542,881$859,557
71$1,105,576$622,235$516,065$878,437
72$1,171,925$606,304$486,933$898,400
73$1,243,578$588,131$455,362$919,584
74$1,321,033$567,558$421,226$942,145
75$1,404,831$544,422$384,391$966,258
76$1,495,573$518,547$344,716$992,118
77$1,593,914$489,749$302,058$1,019,946
78$1,700,579$457,833$256,262$1,049,987
79$1,816,363$422,591$207,171$1,082,518
80$1,942,140$383,806$154,619$1,117,848
81$2,078,872$341,246$98,433$1,156,321
82$2,227,617$294,667$38,431$1,198,323
83$2,389,541$243,813$0$1,244,283
84$2,565,924$188,410$0$1,300,691
85$2,758,176$128,170$0$1,372,089
86$2,967,850$62,790$0$1,450,091
87$3,196,654$0$0$1,535,409
88$3,446,467$0$0$1,631,847
89$3,719,359$0$0$1,762,930
90$4,017,609$0$0$1,906,269
91$4,343,725$0$0$2,063,080
92$4,700,468$0$0$2,234,700
93$5,090,881$0$0$2,422,603
94$5,518,311$0$0$2,628,410
95$5,986,446$0$0$2,853,909
96$6,499,347$0$0$3,101,068
97$7,061,486$0$0$3,372,052
98$7,677,787$0$0$3,669,249
99$8,353,677$0$0$3,995,287
100$9,095,129$0$0$4,353,062