Can I retire at age 63 with 531,000?

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 $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%11.4%
1 years$43,849$43,459$43,078$42,706$42,343$42,093
2 years$21,708$21,303$20,912$20,532$20,163$19,912
3 years$14,328$13,922$13,531$13,155$12,792$12,547
4 years$10,639$10,234$9,847$9,477$9,124$8,885
5 years$8,426$8,024$7,642$7,279$6,936$6,705
6 years$6,951$6,552$6,176$5,821$5,488$5,266
7 years$5,898$5,502$5,132$4,786$4,463$4,250
8 years$5,109$4,716$4,352$4,015$3,703$3,498
9 years$4,495$4,107$3,749$3,420$3,118$2,922
10 years$4,005$3,620$3,268$2,948$2,657$2,469
11 years$3,603$3,222$2,877$2,566$2,285$2,106
12 years$3,269$2,892$2,554$2,250$1,980$1,809
13 years$2,987$2,614$2,281$1,987$1,727$1,563
14 years$2,745$2,376$2,050$1,764$1,514$1,358
15 years$2,536$2,170$1,851$1,573$1,333$1,185
16 years$2,353$1,991$1,678$1,408$1,178$1,037
17 years$2,191$1,834$1,527$1,265$1,044$911
18 years$2,048$1,695$1,394$1,140$929$802
19 years$1,920$1,571$1,276$1,030$828$708
20 years$1,805$1,459$1,171$933$739$626
21 years$1,701$1,359$1,077$847$662$555
22 years$1,606$1,269$993$770$593$492
23 years$1,520$1,187$917$701$532$437
24 years$1,441$1,112$848$640$478$389
25 years$1,369$1,044$785$584$431$346
26 years$1,302$981$728$534$388$308
27 years$1,241$923$676$489$350$275
28 years$1,183$870$629$448$315$245
29 years$1,130$821$585$411$285$219
30 years$1,081$775$545$377$257$196
31 years$1,035$733$508$346$233$175
32 years$991$693$474$318$211$157
33 years$951$656$443$293$191$140
34 years$913$622$413$269$172$125
35 years$877$590$387$248$156$112
36 years$843$560$362$228$142$101
37 years$812$532$338$210$128$90
38 years$781$506$317$194$116$81
39 years$753$481$297$179$105$72
40 years$726$457$278$165$96$65
41 years$700$435$261$152$87$58
42 years$676$415$245$140$79$52
43 years$653$395$230$130$71$47
44 years$631$377$216$120$65$42
45 years$610$359$202$110$59$38
46 years$590$343$190$102$53$34
47 years$571$327$179$94$49$30
48 years$553$312$168$87$44$27
49 years$535$298$158$81$40$24
50 years$518$285$148$74$36$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $531,000, adding $4,416 every year, while hoping to spend $26,359 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: 71/7/22 Blend
62$531,000$531,000$531,000$531,000
63$589,717$561,574$553,344$628,078
64$621,822$561,045$543,835$653,710
65$656,319$559,607$533,124$678,233
66$693,423$557,188$521,143$704,438
67$733,372$553,710$507,821$732,489
68$776,426$549,091$493,083$762,565
69$822,871$543,247$476,851$794,869
70$873,022$536,084$459,044$829,619
71$927,224$527,506$439,576$867,060
72$985,858$517,410$418,358$907,462
73$1,049,340$505,688$395,297$951,121
74$1,118,128$492,223$370,296$998,367
75$1,192,729$476,893$343,253$1,049,562
76$1,273,697$459,570$314,061$1,105,106
77$1,361,641$440,116$282,609$1,165,443
78$1,457,233$418,387$248,781$1,231,059
79$1,561,212$394,229$212,457$1,302,495
80$1,674,391$367,481$173,509$1,380,345
81$1,797,662$337,971$131,805$1,465,267
82$1,932,010$305,518$87,207$1,557,985
83$2,078,518$269,931$39,571$1,659,300
84$2,238,377$231,008$0$1,770,096
85$2,412,899$188,535$0$1,893,991
86$2,603,528$142,287$0$2,039,502
87$2,811,853$92,024$0$2,198,557
88$3,039,625$37,496$0$2,372,506
89$3,288,769$0$0$2,562,837
90$3,561,408$0$0$2,772,850
91$3,859,877$0$0$3,005,947
92$4,186,750$0$0$3,261,255
93$4,544,858$0$0$3,540,987
94$4,937,321$0$0$3,847,586
95$5,367,575$0$0$4,183,738
96$5,839,405$0$0$4,552,405
97$6,356,978$0$0$4,956,845
98$6,924,885$0$0$5,400,652
99$7,548,183$0$0$5,887,781
100$8,232,441$0$0$6,422,589