Can I retire at age 63 with 638,000?

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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$52,685$52,216$51,758$51,311$50,875$50,576
2 years$26,082$25,596$25,125$24,669$24,226$23,924
3 years$17,215$16,727$16,258$15,806$15,370$15,075
4 years$12,783$12,296$11,832$11,387$10,962$10,676
5 years$10,124$9,641$9,182$8,746$8,333$8,057
6 years$8,352$7,872$7,420$6,995$6,594$6,327
7 years$7,087$6,611$6,166$5,751$5,363$5,106
8 years$6,138$5,667$5,229$4,824$4,449$4,203
9 years$5,401$4,934$4,504$4,109$3,746$3,511
10 years$4,812$4,349$3,927$3,542$3,192$2,967
11 years$4,330$3,872$3,457$3,083$2,745$2,530
12 years$3,928$3,475$3,068$2,704$2,379$2,173
13 years$3,589$3,140$2,741$2,387$2,075$1,879
14 years$3,298$2,855$2,463$2,119$1,819$1,632
15 years$3,047$2,608$2,224$1,890$1,601$1,424
16 years$2,827$2,393$2,016$1,692$1,415$1,246
17 years$2,633$2,203$1,835$1,520$1,255$1,095
18 years$2,461$2,036$1,675$1,370$1,116$964
19 years$2,307$1,887$1,533$1,238$994$851
20 years$2,168$1,754$1,407$1,121$888$752
21 years$2,043$1,633$1,294$1,018$795$666
22 years$1,930$1,525$1,193$925$713$591
23 years$1,827$1,426$1,101$843$640$525
24 years$1,732$1,336$1,019$769$575$467
25 years$1,645$1,254$943$702$517$416
26 years$1,565$1,178$875$642$466$371
27 years$1,491$1,109$812$587$420$330
28 years$1,422$1,045$755$538$379$295
29 years$1,358$986$703$494$342$263
30 years$1,299$931$655$453$309$235
31 years$1,243$880$610$416$280$210
32 years$1,191$833$569$382$253$188
33 years$1,143$789$532$352$229$168
34 years$1,097$747$497$323$207$151
35 years$1,054$709$464$298$188$135
36 years$1,013$673$435$274$170$121
37 years$975$639$407$253$154$108
38 years$939$607$381$233$140$97
39 years$905$578$357$215$127$87
40 years$872$549$334$198$115$78
41 years$841$523$314$183$104$70
42 years$812$498$294$169$95$63
43 years$784$475$276$156$86$56
44 years$758$452$259$144$78$50
45 years$733$431$243$133$71$45
46 years$709$412$229$123$64$40
47 years$686$393$215$113$58$36
48 years$664$375$202$105$53$33
49 years$643$358$190$97$48$29
50 years$623$342$178$89$44$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $638,000, adding $4,565 every year, while hoping to spend $27,349 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: 60/30/10 Blend
62$638,000$638,000$638,000$638,000
63$707,785$673,971$664,082$748,346
64$750,880$677,896$657,229$780,046
65$797,454$681,097$649,231$811,095
66$847,833$683,510$640,019$844,287
67$902,375$685,065$629,523$879,833
68$961,475$685,691$617,669$917,961
69$1,025,565$685,310$604,381$958,926
70$1,095,122$683,839$589,577$1,003,010
71$1,170,670$681,193$573,174$1,050,521
72$1,252,785$677,278$555,081$1,101,804
73$1,342,101$671,996$535,208$1,157,236
74$1,439,315$665,244$513,458$1,217,238
75$1,545,195$656,911$489,728$1,282,270
76$1,660,585$646,880$463,915$1,352,844
77$1,786,416$635,028$435,907$1,429,524
78$1,923,709$621,223$405,589$1,512,933
79$2,073,592$605,327$372,840$1,603,761
80$2,237,303$587,193$337,535$1,702,766
81$2,416,206$566,664$299,541$1,810,790
82$2,611,805$543,577$258,722$1,928,758
83$2,825,753$517,756$214,933$2,057,696
84$3,059,872$489,017$168,025$2,198,734
85$3,316,166$457,167$117,841$2,353,121
86$3,596,844$421,997$64,217$2,522,235
87$3,904,338$383,290$6,984$2,707,598
88$4,241,325$340,816$0$2,910,889
89$4,610,756$294,332$0$3,139,735
90$5,015,878$243,579$0$3,391,582
91$5,460,270$188,287$0$3,667,964
92$5,947,872$128,167$0$3,971,396
93$6,483,025$62,918$0$4,304,652
94$7,070,510$0$0$4,670,794
95$7,715,595$0$0$5,075,766
96$8,424,081$0$0$5,543,405
97$9,202,360$0$0$6,057,165
98$10,057,472$0$0$6,621,701
99$10,997,175$0$0$7,242,141
100$12,030,013$0$0$7,924,134