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%12.5%
1 years$43,849$43,459$43,078$42,706$42,343$41,900
2 years$21,708$21,303$20,912$20,532$20,163$19,718
3 years$14,328$13,922$13,531$13,155$12,792$12,358
4 years$10,639$10,234$9,847$9,477$9,124$8,703
5 years$8,426$8,024$7,642$7,279$6,936$6,530
6 years$6,951$6,552$6,176$5,821$5,488$5,098
7 years$5,898$5,502$5,132$4,786$4,463$4,090
8 years$5,109$4,716$4,352$4,015$3,703$3,345
9 years$4,495$4,107$3,749$3,420$3,118$2,776
10 years$4,005$3,620$3,268$2,948$2,657$2,331
11 years$3,603$3,222$2,877$2,566$2,285$1,974
12 years$3,269$2,892$2,554$2,250$1,980$1,684
13 years$2,987$2,614$2,281$1,987$1,727$1,445
14 years$2,745$2,376$2,050$1,764$1,514$1,247
15 years$2,536$2,170$1,851$1,573$1,333$1,080
16 years$2,353$1,991$1,678$1,408$1,178$938
17 years$2,191$1,834$1,527$1,265$1,044$818
18 years$2,048$1,695$1,394$1,140$929$714
19 years$1,920$1,571$1,276$1,030$828$625
20 years$1,805$1,459$1,171$933$739$549
21 years$1,701$1,359$1,077$847$662$482
22 years$1,606$1,269$993$770$593$424
23 years$1,520$1,187$917$701$532$374
24 years$1,441$1,112$848$640$478$330
25 years$1,369$1,044$785$584$431$291
26 years$1,302$981$728$534$388$257
27 years$1,241$923$676$489$350$227
28 years$1,183$870$629$448$315$201
29 years$1,130$821$585$411$285$178
30 years$1,081$775$545$377$257$158
31 years$1,035$733$508$346$233$140
32 years$991$693$474$318$211$124
33 years$951$656$443$293$191$110
34 years$913$622$413$269$172$97
35 years$877$590$387$248$156$86
36 years$843$560$362$228$142$77
37 years$812$532$338$210$128$68
38 years$781$506$317$194$116$60
39 years$753$481$297$179$105$54
40 years$726$457$278$165$96$48
41 years$700$435$261$152$87$42
42 years$676$415$245$140$79$37
43 years$653$395$230$130$71$33
44 years$631$377$216$120$65$30
45 years$610$359$202$110$59$26
46 years$590$343$190$102$53$23
47 years$571$327$179$94$49$21
48 years$553$312$168$87$44$18
49 years$535$298$158$81$40$16
50 years$518$285$148$74$36$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $531,000, adding $5,674 every year, while hoping to spend $29,512 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: 28/45/27 Blend
62$531,000$531,000$531,000$531,000
63$591,015$562,872$554,641$602,488
64$619,898$559,052$541,821$608,242
65$650,738$554,056$527,583$611,485
66$683,703$547,795$511,847$614,371
67$718,978$540,174$494,531$616,889
68$756,766$531,095$475,550$619,032
69$797,289$520,451$454,813$620,791
70$840,789$508,130$432,227$622,164
71$887,536$494,014$407,692$623,149
72$937,821$477,978$381,107$623,750
73$991,968$459,888$352,363$623,974
74$1,050,331$439,605$321,349$623,831
75$1,113,298$416,978$287,947$623,339
76$1,181,296$391,852$252,035$622,521
77$1,254,794$364,059$213,485$621,409
78$1,334,310$333,424$172,163$620,040
79$1,420,409$299,761$127,930$618,465
80$1,513,715$262,874$80,640$616,740
81$1,614,913$222,554$30,141$614,939
82$1,724,758$178,584$0$613,145
83$1,844,079$130,729$0$618,301
84$1,973,787$78,747$0$633,395
85$2,114,886$22,379$0$649,920
86$2,268,481$0$0$668,089
87$2,435,785$0$0$707,278
88$2,618,135$0$0$762,148
89$2,817,003$0$0$822,071
90$3,034,008$0$0$887,545
91$3,270,932$0$0$959,118
92$3,529,737$0$0$1,037,395
93$3,812,583$0$0$1,123,040
94$4,121,848$0$0$1,216,786
95$4,460,150$0$0$1,319,438
96$4,830,372$0$0$1,431,885
97$5,235,688$0$0$1,555,105
98$5,679,594$0$0$1,690,173
99$6,165,939$0$0$1,838,276
100$6,698,962$0$0$2,000,721