Can I retire at age 63 with 526,000?

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 $526,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$43,437$43,050$42,672$42,304$41,944$41,114
2 years$21,503$21,103$20,715$20,338$19,973$19,141
3 years$14,193$13,791$13,404$13,031$12,672$11,862
4 years$10,539$10,138$9,755$9,388$9,038$8,258
5 years$8,347$7,948$7,570$7,211$6,870$6,122
6 years$6,886$6,490$6,118$5,767$5,436$4,720
7 years$5,843$5,451$5,084$4,741$4,421$3,738
8 years$5,061$4,672$4,311$3,977$3,668$3,017
9 years$4,453$4,068$3,713$3,388$3,089$2,470
10 years$3,967$3,586$3,237$2,920$2,632$2,045
11 years$3,570$3,192$2,850$2,541$2,263$1,707
12 years$3,239$2,865$2,529$2,229$1,961$1,435
13 years$2,959$2,589$2,260$1,968$1,710$1,213
14 years$2,719$2,353$2,031$1,747$1,499$1,030
15 years$2,512$2,150$1,833$1,558$1,320$878
16 years$2,330$1,973$1,662$1,395$1,167$751
17 years$2,171$1,817$1,513$1,253$1,035$644
18 years$2,029$1,679$1,381$1,130$920$553
19 years$1,902$1,556$1,264$1,021$820$477
20 years$1,788$1,446$1,160$924$732$411
21 years$1,685$1,347$1,067$839$655$355
22 years$1,591$1,257$983$763$587$307
23 years$1,506$1,176$908$695$527$266
24 years$1,428$1,102$840$634$474$230
25 years$1,356$1,034$778$579$426$199
26 years$1,290$972$721$529$384$173
27 years$1,229$914$670$484$346$150
28 years$1,172$862$623$444$313$130
29 years$1,120$813$579$407$282$113
30 years$1,071$768$540$373$255$98
31 years$1,025$726$503$343$231$86
32 years$982$687$469$315$209$74
33 years$942$650$438$290$189$65
34 years$904$616$410$267$171$56
35 years$869$584$383$245$155$49
36 years$835$555$358$226$140$43
37 years$804$527$335$208$127$37
38 years$774$501$314$192$115$32
39 years$746$476$294$177$104$28
40 years$719$453$276$163$95$24
41 years$694$431$259$151$86$21
42 years$670$411$243$139$78$19
43 years$647$391$228$128$71$16
44 years$625$373$214$119$64$14
45 years$604$356$201$109$58$12
46 years$584$339$188$101$53$11
47 years$565$324$177$93$48$9
48 years$547$309$166$86$44$8
49 years$530$295$156$80$40$7
50 years$514$282$147$74$36$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $526,000, adding $4,114 every year, while hoping to spend $33,561 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: 25/47/28 Blend
62$526,000$526,000$526,000$526,000
63$583,896$556,018$547,865$593,292
64$607,744$547,554$530,509$592,981
65$632,901$537,550$511,448$589,529
66$659,463$525,897$490,588$585,131
67$687,538$512,475$467,832$579,733
68$717,241$497,161$443,079$573,275
69$748,702$479,824$416,224$565,697
70$782,057$460,323$387,156$556,936
71$817,460$438,512$355,759$546,929
72$855,077$414,235$321,912$535,609
73$895,089$387,327$285,490$522,910
74$937,695$357,613$246,361$508,761
75$983,113$324,909$204,388$493,092
76$1,031,582$289,021$159,426$475,832
77$1,083,362$249,742$111,326$456,907
78$1,138,741$206,855$59,931$436,244
79$1,198,032$160,130$5,078$413,769
80$1,261,580$109,325$0$389,408
81$1,329,761$54,183$0$379,059
82$1,402,992$0$0$369,335
83$1,481,726$0$0$361,579
84$1,566,464$0$0$383,455
85$1,657,753$0$0$407,090
86$1,756,197$0$0$432,648
87$1,862,456$0$0$460,310
88$1,977,258$0$0$490,275
89$2,101,402$0$0$522,761
90$2,235,767$0$0$558,009
91$2,381,317$0$0$596,283
92$2,539,115$0$0$637,874
93$2,710,328$0$0$683,101
94$2,896,239$0$0$732,316
95$3,098,261$0$0$785,907
96$3,317,948$0$0$844,299
97$3,557,008$0$0$907,962
98$3,817,322$0$0$977,410
99$4,100,959$0$0$1,053,213
100$4,410,197$0$0$1,135,995