Can I retire at age 63 with 649,000?

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 $649,000?

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%
1 years$53,594$53,116$52,651$52,196$51,752$51,512
2 years$26,532$26,037$25,559$25,094$24,644$24,402
3 years$17,512$17,016$16,538$16,078$15,635$15,398
4 years$13,003$12,508$12,035$11,583$11,151$10,921
5 years$10,299$9,807$9,340$8,897$8,477$8,255
6 years$8,496$8,008$7,548$7,115$6,707$6,494
7 years$7,209$6,725$6,273$5,850$5,455$5,249
8 years$6,244$5,765$5,320$4,907$4,525$4,328
9 years$5,494$5,019$4,582$4,180$3,811$3,622
10 years$4,895$4,424$3,994$3,603$3,247$3,066
11 years$4,404$3,939$3,517$3,136$2,793$2,619
12 years$3,996$3,535$3,121$2,750$2,420$2,254
13 years$3,651$3,195$2,788$2,428$2,110$1,952
14 years$3,355$2,904$2,505$2,156$1,850$1,699
15 years$3,099$2,653$2,262$1,922$1,629$1,485
16 years$2,875$2,434$2,051$1,721$1,440$1,303
17 years$2,678$2,241$1,866$1,547$1,276$1,147
18 years$2,503$2,071$1,704$1,394$1,135$1,012
19 years$2,346$1,920$1,560$1,259$1,012$895
20 years$2,206$1,784$1,431$1,141$904$793
21 years$2,079$1,661$1,317$1,035$809$704
22 years$1,963$1,551$1,213$941$725$626
23 years$1,858$1,451$1,120$857$651$557
24 years$1,762$1,359$1,036$782$585$497
25 years$1,673$1,275$960$714$526$443
26 years$1,592$1,199$890$653$474$396
27 years$1,516$1,128$826$598$427$354
28 years$1,446$1,063$768$547$386$317
29 years$1,382$1,003$715$502$348$283
30 years$1,321$947$666$461$315$254
31 years$1,265$895$621$423$284$228
32 years$1,212$847$579$389$257$204
33 years$1,162$802$541$358$233$183
34 years$1,116$760$505$329$211$164
35 years$1,072$721$472$303$191$147
36 years$1,031$685$442$279$173$132
37 years$992$650$414$257$157$119
38 years$955$618$387$237$142$107
39 years$920$588$363$218$129$96
40 years$887$559$340$201$117$86
41 years$856$532$319$186$106$77
42 years$826$507$299$172$96$70
43 years$798$483$281$158$87$63
44 years$771$460$264$146$79$56
45 years$745$439$247$135$72$51
46 years$721$419$232$125$65$45
47 years$698$400$218$115$59$41
48 years$675$381$205$106$54$37
49 years$654$364$193$98$49$33
50 years$634$348$181$91$44$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $649,000, adding $3,356 every year, while hoping to spend $51,224 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: 56/37/7 Blend
62$649,000$649,000$649,000$649,000
63$718,660$684,263$674,203$757,589
64$737,461$663,290$642,287$763,240
65$756,463$639,572$607,585$763,384
66$775,633$612,921$569,949$762,285
67$794,931$583,138$529,226$759,830
68$814,314$550,012$485,255$755,899
69$833,730$513,318$437,867$750,361
70$853,121$472,822$386,887$743,078
71$872,423$428,273$332,130$733,898
72$891,560$379,409$273,407$722,659
73$910,449$325,950$210,516$709,187
74$928,995$267,601$143,248$693,295
75$947,091$204,053$71,386$674,781
76$964,619$134,976$0$653,427
77$981,444$60,023$0$629,394
78$997,415$0$0$607,749
79$1,012,365$0$0$591,522
80$1,026,107$0$0$598,956
81$1,038,430$0$0$605,481
82$1,049,101$0$0$610,952
83$1,057,861$0$0$615,209
84$1,064,419$0$0$618,072
85$1,068,453$0$0$619,339
86$1,069,607$0$0$618,790
87$1,067,481$0$0$616,178
88$1,061,635$0$0$611,229
89$1,051,579$0$0$603,639
90$1,036,769$0$0$593,072
91$1,016,603$0$0$579,156
92$990,414$0$0$561,475
93$957,463$0$0$539,574
94$916,930$0$0$512,944
95$867,910$0$0$481,026
96$809,400$0$0$443,199
97$740,290$0$0$398,777
98$659,353$0$0$346,999
99$565,232$0$0$287,029
100$456,428$0$0$217,937