Can I retire at age 63 with 523,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $523,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$43,189$42,804$42,429$42,062$41,705$41,477
2 years$21,381$20,982$20,597$20,222$19,859$19,629
3 years$14,112$13,712$13,327$12,957$12,600$12,375
4 years$10,479$10,080$9,699$9,335$8,986$8,768
5 years$8,299$7,903$7,527$7,170$6,831$6,620
6 years$6,847$6,453$6,083$5,734$5,405$5,202
7 years$5,809$5,419$5,055$4,714$4,396$4,201
8 years$5,032$4,645$4,287$3,954$3,647$3,459
9 years$4,428$4,045$3,692$3,368$3,071$2,891
10 years$3,944$3,565$3,219$2,904$2,617$2,445
11 years$3,549$3,174$2,834$2,527$2,251$2,086
12 years$3,220$2,849$2,515$2,216$1,950$1,793
13 years$2,942$2,574$2,247$1,957$1,701$1,551
14 years$2,704$2,340$2,019$1,737$1,491$1,348
15 years$2,497$2,138$1,823$1,549$1,313$1,177
16 years$2,317$1,961$1,653$1,387$1,160$1,031
17 years$2,158$1,806$1,504$1,246$1,029$906
18 years$2,017$1,669$1,373$1,123$915$799
19 years$1,891$1,547$1,257$1,015$815$705
20 years$1,778$1,437$1,153$919$728$624
21 years$1,675$1,339$1,061$834$652$553
22 years$1,582$1,250$978$758$584$491
23 years$1,497$1,169$903$691$524$437
24 years$1,420$1,095$835$630$471$389
25 years$1,348$1,028$773$575$424$346
26 years$1,283$966$717$526$382$309
27 years$1,222$909$666$482$344$276
28 years$1,166$857$619$441$311$246
29 years$1,113$808$576$405$281$220
30 years$1,065$763$537$371$254$197
31 years$1,019$721$500$341$229$176
32 years$977$683$467$313$207$158
33 years$937$646$436$288$188$141
34 years$899$613$407$265$170$126
35 years$864$581$381$244$154$113
36 years$831$552$356$225$139$101
37 years$799$524$333$207$126$91
38 years$770$498$312$191$115$82
39 years$742$473$292$176$104$73
40 years$715$450$274$162$94$66
41 years$690$429$257$150$85$59
42 years$666$408$241$138$78$53
43 years$643$389$226$128$70$47
44 years$621$371$212$118$64$43
45 years$601$354$199$109$58$38
46 years$581$337$187$101$53$34
47 years$562$322$176$93$48$31
48 years$544$307$165$86$43$28
49 years$527$294$155$79$39$25
50 years$511$280$146$73$36$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $523,000, adding $5,245 every year, while hoping to spend $39,092 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: 59/22/19 Blend
62$523,000$523,000$523,000$523,000
63$581,756$554,037$545,931$612,890
64$599,502$539,591$522,626$620,153
65$617,747$523,128$497,230$623,330
66$636,502$504,506$469,632$625,912
67$655,776$483,577$439,715$627,847
68$675,578$460,185$407,359$629,081
69$695,916$434,164$372,435$629,556
70$716,799$405,337$334,811$629,212
71$738,234$373,520$294,348$627,982
72$760,228$338,516$250,902$625,798
73$782,785$300,118$204,322$622,586
74$805,912$258,106$154,449$618,267
75$829,610$212,249$101,119$612,759
76$853,883$162,302$44,159$605,972
77$878,731$108,006$0$597,811
78$904,153$49,090$0$591,548
79$930,145$0$0$593,477
80$956,702$0$0$598,130
81$983,816$0$0$615,006
82$1,011,475$0$0$632,213
83$1,039,667$0$0$649,741
84$1,068,371$0$0$667,578
85$1,097,568$0$0$685,709
86$1,127,229$0$0$704,115
87$1,157,324$0$0$722,775
88$1,187,815$0$0$741,664
89$1,218,657$0$0$760,753
90$1,249,801$0$0$780,007
91$1,281,187$0$0$799,386
92$1,312,747$0$0$818,847
93$1,344,404$0$0$838,338
94$1,376,070$0$0$857,800
95$1,407,643$0$0$877,166
96$1,439,010$0$0$896,361
97$1,470,041$0$0$915,301
98$1,500,592$0$0$933,889
99$1,530,498$0$0$952,018
100$1,559,576$0$0$969,566