Can I retire at age 63 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$53,346$52,871$52,407$51,955$51,513$50,639
2 years$26,409$25,917$25,440$24,978$24,530$23,652
3 years$17,431$16,937$16,462$16,004$15,563$14,708
4 years$12,943$12,451$11,980$11,530$11,100$10,275
5 years$10,251$9,761$9,297$8,856$8,438$7,646
6 years$8,457$7,971$7,513$7,082$6,676$5,918
7 years$7,176$6,694$6,244$5,823$5,430$4,705
8 years$6,215$5,738$5,295$4,885$4,504$3,813
9 years$5,469$4,996$4,561$4,161$3,793$3,135
10 years$4,872$4,404$3,976$3,586$3,232$2,606
11 years$4,384$3,920$3,500$3,121$2,780$2,185
12 years$3,977$3,519$3,107$2,738$2,409$1,846
13 years$3,634$3,180$2,775$2,417$2,101$1,567
14 years$3,340$2,890$2,494$2,146$1,841$1,337
15 years$3,085$2,640$2,252$1,913$1,621$1,146
16 years$2,862$2,423$2,041$1,713$1,433$985
17 years$2,666$2,231$1,858$1,539$1,271$848
18 years$2,491$2,062$1,696$1,387$1,130$733
19 years$2,336$1,911$1,552$1,254$1,007$634
20 years$2,196$1,775$1,425$1,135$899$550
21 years$2,069$1,654$1,310$1,030$805$477
22 years$1,954$1,544$1,208$937$721$415
23 years$1,849$1,444$1,115$853$648$361
24 years$1,754$1,353$1,031$778$582$314
25 years$1,665$1,270$955$711$524$274
26 years$1,584$1,193$886$650$472$239
27 years$1,509$1,123$823$595$425$209
28 years$1,440$1,058$765$545$384$182
29 years$1,375$998$712$500$347$159
30 years$1,315$943$663$459$313$139
31 years$1,259$891$618$421$283$122
32 years$1,206$843$577$387$256$106
33 years$1,157$799$538$356$232$93
34 years$1,111$757$503$328$210$81
35 years$1,067$718$470$302$190$71
36 years$1,026$681$440$278$172$62
37 years$987$647$412$256$156$55
38 years$951$615$386$236$142$48
39 years$916$585$361$217$128$42
40 years$883$556$339$201$116$37
41 years$852$530$318$185$106$32
42 years$822$504$298$171$96$28
43 years$794$481$279$158$87$25
44 years$768$458$262$146$79$22
45 years$742$437$246$134$72$19
46 years$718$417$231$124$65$17
47 years$694$398$217$115$59$15
48 years$672$380$204$106$54$13
49 years$651$363$192$98$49$11
50 years$631$346$181$91$44$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $646,000, adding $5,290 every year, while hoping to spend $44,550 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: 73/12/15 Blend
62$646,000$646,000$646,000$646,000
63$717,349$683,111$673,098$766,949
64$743,117$669,182$648,246$786,585
65$770,021$653,078$621,068$802,116
66$798,129$634,645$591,439$817,945
67$827,516$613,720$559,230$834,094
68$858,261$590,130$524,302$850,583
69$890,452$563,695$486,515$867,438
70$924,182$534,220$445,718$884,687
71$959,555$501,503$401,755$902,362
72$996,680$465,328$354,465$920,502
73$1,035,679$425,466$303,677$939,147
74$1,076,682$381,677$249,213$958,345
75$1,119,830$333,707$190,889$978,150
76$1,165,280$281,286$128,511$998,623
77$1,213,200$224,130$61,877$1,019,832
78$1,263,772$161,938$0$1,041,856
79$1,317,198$94,394$0$1,066,258
80$1,373,696$21,163$0$1,102,324
81$1,433,504$0$0$1,140,288
82$1,496,883$0$0$1,187,984
83$1,564,117$0$0$1,241,561
84$1,635,518$0$0$1,298,474
85$1,711,425$0$0$1,358,995
86$1,792,210$0$0$1,423,424
87$1,878,282$0$0$1,492,087
88$1,970,086$0$0$1,565,344
89$2,068,110$0$0$1,643,586
90$2,172,891$0$0$1,727,244
91$2,285,016$0$0$1,816,790
92$2,405,127$0$0$1,912,741
93$2,533,932$0$0$2,015,663
94$2,672,205$0$0$2,126,180
95$2,820,795$0$0$2,244,975
96$2,980,636$0$0$2,372,797
97$3,152,754$0$0$2,510,471
98$3,338,271$0$0$2,658,900
99$3,538,426$0$0$2,819,078
100$3,754,576$0$0$2,992,097