Can I retire at age 63 with 529,000?

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 $529,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$43,684$43,295$42,916$42,545$42,183$41,865
2 years$21,626$21,223$20,833$20,454$20,087$19,766
3 years$14,274$13,870$13,480$13,105$12,744$12,430
4 years$10,599$10,196$9,810$9,442$9,089$8,785
5 years$8,394$7,993$7,613$7,252$6,910$6,616
6 years$6,925$6,527$6,152$5,800$5,467$5,185
7 years$5,876$5,482$5,113$4,768$4,446$4,175
8 years$5,090$4,699$4,336$4,000$3,689$3,429
9 years$4,478$4,091$3,735$3,407$3,106$2,857
10 years$3,990$3,606$3,256$2,937$2,647$2,409
11 years$3,590$3,210$2,866$2,556$2,276$2,049
12 years$3,257$2,881$2,544$2,242$1,973$1,756
13 years$2,976$2,604$2,273$1,979$1,720$1,514
14 years$2,735$2,367$2,042$1,757$1,508$1,312
15 years$2,526$2,162$1,844$1,567$1,328$1,141
16 years$2,344$1,984$1,672$1,403$1,173$996
17 years$2,183$1,827$1,521$1,261$1,040$873
18 years$2,040$1,688$1,389$1,136$925$766
19 years$1,913$1,565$1,271$1,027$825$674
20 years$1,798$1,454$1,167$930$737$595
21 years$1,694$1,354$1,073$844$659$525
22 years$1,600$1,264$989$767$591$465
23 years$1,514$1,182$913$699$530$411
24 years$1,436$1,108$845$637$477$365
25 years$1,364$1,040$782$582$429$324
26 years$1,297$977$725$532$386$288
27 years$1,236$920$674$487$348$256
28 years$1,179$866$626$446$314$227
29 years$1,126$817$583$409$284$202
30 years$1,077$772$543$376$256$180
31 years$1,031$730$506$345$232$161
32 years$988$690$472$317$210$143
33 years$947$654$441$292$190$128
34 years$909$620$412$268$172$114
35 years$874$588$385$247$156$102
36 years$840$558$360$227$141$91
37 years$808$530$337$210$128$81
38 years$778$504$316$193$116$72
39 years$750$479$296$178$105$65
40 years$723$456$277$164$95$58
41 years$698$434$260$152$86$52
42 years$673$413$244$140$78$46
43 years$650$394$229$129$71$41
44 years$629$375$215$119$65$37
45 years$608$358$202$110$59$33
46 years$588$341$189$102$53$29
47 years$569$326$178$94$48$26
48 years$551$311$167$87$44$23
49 years$533$297$157$80$40$21
50 years$516$284$148$74$36$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $529,000, adding $2,848 every year, while hoping to spend $34,424 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: 27/43/30 Blend
62$529,000$529,000$529,000$529,000
63$585,896$557,859$549,659$596,210
64$609,030$548,567$531,446$595,576
65$633,371$537,666$511,469$591,775
66$659,004$525,041$489,632$587,007
67$686,024$510,570$465,837$581,213
68$714,534$494,123$439,978$574,334
69$744,646$475,565$411,946$566,308
70$776,481$454,749$381,628$557,070
71$810,175$431,524$348,905$546,555
72$845,872$405,728$313,653$534,694
73$883,731$377,189$275,740$521,417
74$923,926$345,726$235,032$506,653
75$966,648$311,148$191,388$490,328
76$1,012,106$273,253$144,658$472,367
77$1,060,525$231,828$94,689$452,693
78$1,112,157$186,646$41,319$431,229
79$1,167,274$137,468$0$407,897
80$1,226,176$84,044$0$387,623
81$1,289,191$26,108$0$379,762
82$1,356,679$0$0$371,055
83$1,429,034$0$0$378,814
84$1,506,690$0$0$400,459
85$1,590,121$0$0$423,776
86$1,679,849$0$0$448,919
87$1,776,447$0$0$476,058
88$1,880,544$0$0$505,376
89$1,992,829$0$0$537,080
90$2,114,063$0$0$571,392
91$2,245,078$0$0$608,559
92$2,386,791$0$0$648,852
93$2,540,210$0$0$692,569
94$2,706,441$0$0$740,037
95$2,886,702$0$0$791,617
96$3,082,332$0$0$847,705
97$3,294,804$0$0$908,737
98$3,525,738$0$0$975,194
99$3,776,915$0$0$1,047,603
100$4,050,296$0$0$1,126,545