Can I retire at age 63 with 531,000?

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 $531,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$43,849$43,459$43,078$42,706$42,343$41,319
2 years$21,708$21,303$20,912$20,532$20,163$19,138
3 years$14,328$13,922$13,531$13,155$12,792$11,798
4 years$10,639$10,234$9,847$9,477$9,124$8,167
5 years$8,426$8,024$7,642$7,279$6,936$6,020
6 years$6,951$6,552$6,176$5,821$5,488$4,614
7 years$5,898$5,502$5,132$4,786$4,463$3,631
8 years$5,109$4,716$4,352$4,015$3,703$2,912
9 years$4,495$4,107$3,749$3,420$3,118$2,369
10 years$4,005$3,620$3,268$2,948$2,657$1,947
11 years$3,603$3,222$2,877$2,566$2,285$1,615
12 years$3,269$2,892$2,554$2,250$1,980$1,348
13 years$2,987$2,614$2,281$1,987$1,727$1,131
14 years$2,745$2,376$2,050$1,764$1,514$953
15 years$2,536$2,170$1,851$1,573$1,333$806
16 years$2,353$1,991$1,678$1,408$1,178$684
17 years$2,191$1,834$1,527$1,265$1,044$582
18 years$2,048$1,695$1,394$1,140$929$496
19 years$1,920$1,571$1,276$1,030$828$424
20 years$1,805$1,459$1,171$933$739$362
21 years$1,701$1,359$1,077$847$662$310
22 years$1,606$1,269$993$770$593$266
23 years$1,520$1,187$917$701$532$228
24 years$1,441$1,112$848$640$478$196
25 years$1,369$1,044$785$584$431$168
26 years$1,302$981$728$534$388$145
27 years$1,241$923$676$489$350$125
28 years$1,183$870$629$448$315$107
29 years$1,130$821$585$411$285$92
30 years$1,081$775$545$377$257$79
31 years$1,035$733$508$346$233$68
32 years$991$693$474$318$211$59
33 years$951$656$443$293$191$51
34 years$913$622$413$269$172$44
35 years$877$590$387$248$156$38
36 years$843$560$362$228$142$33
37 years$812$532$338$210$128$28
38 years$781$506$317$194$116$24
39 years$753$481$297$179$105$21
40 years$726$457$278$165$96$18
41 years$700$435$261$152$87$16
42 years$676$415$245$140$79$13
43 years$653$395$230$130$71$12
44 years$631$377$216$120$65$10
45 years$610$359$202$110$59$9
46 years$590$343$190$102$53$7
47 years$571$327$179$94$49$6
48 years$553$312$168$87$44$6
49 years$535$298$158$81$40$5
50 years$518$285$148$74$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $531,000, adding $5,150 every year, while hoping to spend $29,448 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: 62/16/22 Blend
62$531,000$531,000$531,000$531,000
63$590,474$562,331$554,101$623,386
64$619,370$558,553$541,331$642,466
65$650,226$553,603$527,146$659,570
66$683,212$547,392$511,468$677,580
67$718,512$539,826$494,214$696,588
68$756,330$530,807$475,300$716,697
69$796,887$520,228$454,634$738,021
70$840,429$507,979$432,124$760,686
71$887,223$493,940$407,670$784,835
72$937,564$477,988$381,171$810,624
73$991,775$459,988$352,520$838,227
74$1,050,210$439,802$321,604$867,837
75$1,113,261$417,281$288,306$899,670
76$1,181,354$392,269$252,505$933,965
77$1,254,960$364,598$214,072$970,986
78$1,334,598$334,095$172,875$1,011,026
79$1,420,834$300,573$128,774$1,054,413
80$1,514,296$263,838$81,625$1,101,506
81$1,615,669$223,681$31,274$1,152,707
82$1,725,710$179,884$0$1,208,460
83$1,845,250$132,216$0$1,274,529
84$1,975,205$80,434$0$1,354,363
85$2,116,579$24,279$0$1,441,257
86$2,270,481$0$0$1,535,922
87$2,438,128$0$0$1,645,572
88$2,620,861$0$0$1,769,785
89$2,820,155$0$0$1,905,292
90$3,037,634$0$0$2,053,204
91$3,275,085$0$0$2,214,740
92$3,534,476$0$0$2,391,244
93$3,817,973$0$0$2,584,195
94$4,127,960$0$0$2,795,222
95$4,467,064$0$0$3,026,119
96$4,838,174$0$0$3,278,859
97$5,244,476$0$0$3,555,616
98$5,689,473$0$0$3,858,787
99$6,177,027$0$0$4,191,006
100$6,711,390$0$0$4,555,178