Can I retire at age 63 with 532,000?

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 $532,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$43,932$43,541$43,159$42,786$42,422$41,720
2 years$21,749$21,343$20,951$20,570$20,201$19,495
3 years$14,355$13,948$13,557$13,180$12,816$12,129
4 years$10,659$10,253$9,866$9,495$9,141$8,478
5 years$8,442$8,039$7,656$7,293$6,949$6,311
6 years$6,964$6,564$6,187$5,832$5,498$4,888
7 years$5,909$5,513$5,142$4,795$4,472$3,888
8 years$5,119$4,725$4,361$4,023$3,710$3,153
9 years$4,504$4,114$3,756$3,426$3,124$2,594
10 years$4,012$3,627$3,274$2,954$2,662$2,157
11 years$3,610$3,229$2,883$2,570$2,289$1,810
12 years$3,276$2,898$2,558$2,255$1,984$1,530
13 years$2,993$2,619$2,286$1,990$1,730$1,300
14 years$2,750$2,380$2,054$1,767$1,516$1,110
15 years$2,540$2,174$1,854$1,576$1,335$952
16 years$2,357$1,995$1,681$1,411$1,180$818
17 years$2,195$1,837$1,530$1,268$1,046$706
18 years$2,052$1,698$1,396$1,142$930$610
19 years$1,923$1,574$1,278$1,032$829$528
20 years$1,808$1,462$1,173$935$741$458
21 years$1,704$1,362$1,079$849$663$398
22 years$1,609$1,271$995$772$594$346
23 years$1,523$1,189$918$703$533$302
24 years$1,444$1,114$849$641$479$263
25 years$1,372$1,045$787$585$431$229
26 years$1,305$983$730$535$389$200
27 years$1,243$925$677$490$350$175
28 years$1,186$871$630$449$316$153
29 years$1,132$822$586$412$285$134
30 years$1,083$776$546$378$258$117
31 years$1,037$734$509$347$233$102
32 years$993$694$475$319$211$90
33 years$953$658$443$293$191$78
34 years$915$623$414$270$173$69
35 years$879$591$387$248$157$60
36 years$845$561$362$229$142$53
37 years$813$533$339$211$129$46
38 years$783$506$318$194$117$40
39 years$754$482$298$179$106$35
40 years$727$458$279$165$96$31
41 years$702$436$261$152$87$27
42 years$677$415$245$141$79$24
43 years$654$396$230$130$72$21
44 years$632$377$216$120$65$18
45 years$611$360$203$111$59$16
46 years$591$343$191$102$54$14
47 years$572$328$179$94$49$12
48 years$554$313$168$87$44$11
49 years$536$299$158$81$40$10
50 years$519$285$149$75$36$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $532,000, adding $2,272 every year, while hoping to spend $30,282 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: 65/23/12 Blend
62$532,000$532,000$532,000$532,000
63$588,608$560,412$552,166$625,118
64$616,426$555,652$538,443$645,014
65$646,066$549,644$523,246$662,995
66$677,684$542,295$506,494$681,877
67$711,446$533,506$488,100$701,747
68$747,538$523,172$467,976$722,702
69$786,162$511,184$446,028$744,848
70$827,541$497,422$422,161$768,304
71$871,919$481,764$396,271$793,202
72$919,561$464,077$368,253$819,689
73$970,763$444,223$337,996$847,928
74$1,025,845$422,054$305,383$878,100
75$1,085,162$397,416$270,294$910,405
76$1,149,101$370,142$232,602$945,067
77$1,218,090$340,059$192,175$982,332
78$1,292,597$306,984$148,874$1,022,475
79$1,373,136$270,721$102,556$1,065,799
80$1,460,275$231,065$53,070$1,112,644
81$1,554,635$187,799$260$1,163,381
82$1,656,900$140,693$0$1,218,426
83$1,767,822$89,505$0$1,285,421
84$1,888,228$33,980$0$1,358,194
85$2,019,029$0$0$1,437,299
86$2,161,225$0$0$1,530,001
87$2,315,917$0$0$1,640,237
88$2,484,317$0$0$1,760,274
89$2,667,756$0$0$1,891,066
90$2,867,703$0$0$2,033,663
91$3,085,771$0$0$2,189,220
92$3,323,738$0$0$2,359,010
93$3,583,558$0$0$2,544,433
94$3,867,385$0$0$2,747,031
95$4,177,589$0$0$2,968,500
96$4,516,779$0$0$3,210,709
97$4,887,829$0$0$3,475,715
98$5,293,901$0$0$3,765,783
99$5,738,479$0$0$4,083,408
100$6,225,400$0$0$4,431,336