Can I retire at age 63 with 535,000?

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 $535,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$44,180$43,786$43,402$43,028$42,662$42,304
2 years$21,871$21,464$21,069$20,686$20,315$19,955
3 years$14,436$14,027$13,633$13,254$12,889$12,537
4 years$10,719$10,311$9,921$9,549$9,192$8,851
5 years$8,490$8,084$7,699$7,334$6,988$6,659
6 years$7,004$6,601$6,222$5,865$5,529$5,213
7 years$5,943$5,544$5,171$4,822$4,497$4,193
8 years$5,147$4,752$4,385$4,045$3,731$3,439
9 years$4,529$4,137$3,777$3,446$3,142$2,863
10 years$4,035$3,647$3,293$2,970$2,677$2,411
11 years$3,631$3,247$2,899$2,585$2,302$2,048
12 years$3,294$2,914$2,573$2,267$1,995$1,753
13 years$3,009$2,633$2,299$2,002$1,740$1,509
14 years$2,766$2,394$2,065$1,777$1,525$1,306
15 years$2,555$2,187$1,865$1,585$1,343$1,135
16 years$2,370$2,006$1,691$1,419$1,187$989
17 years$2,208$1,848$1,538$1,275$1,052$865
18 years$2,063$1,707$1,404$1,149$936$759
19 years$1,934$1,582$1,286$1,038$834$667
20 years$1,818$1,470$1,180$940$745$587
21 years$1,714$1,370$1,085$853$667$518
22 years$1,618$1,279$1,000$776$597$457
23 years$1,532$1,196$924$707$536$404
24 years$1,452$1,120$854$644$482$358
25 years$1,379$1,051$791$589$434$317
26 years$1,312$988$734$538$391$281
27 years$1,250$930$681$493$352$250
28 years$1,192$876$633$451$318$222
29 years$1,139$827$589$414$287$197
30 years$1,089$781$549$380$259$175
31 years$1,042$738$512$349$234$156
32 years$999$698$478$321$212$139
33 years$958$661$446$295$192$124
34 years$920$627$417$271$174$110
35 years$884$595$389$250$157$98
36 years$850$564$364$230$143$87
37 years$818$536$341$212$129$78
38 years$787$509$319$195$117$69
39 years$759$484$299$180$106$62
40 years$731$461$280$166$96$55
41 years$706$439$263$153$87$49
42 years$681$418$247$141$79$44
43 years$658$398$231$131$72$39
44 years$636$379$217$121$65$35
45 years$615$362$204$111$59$31
46 years$594$345$192$103$54$28
47 years$575$329$180$95$49$25
48 years$557$314$169$88$44$22
49 years$539$300$159$81$40$20
50 years$522$287$149$75$37$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $535,000, adding $5,354 every year, while hoping to spend $50,375 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: 36/42/22 Blend
62$535,000$535,000$535,000$535,000
63$595,093$566,738$558,445$612,395
64$602,193$540,909$523,554$599,723
65$608,330$512,127$485,807$581,003
66$613,351$480,192$445,053$559,772
67$617,088$444,897$401,137$535,835
68$619,354$406,019$353,897$508,983
69$619,938$363,325$303,163$478,993
70$618,611$316,567$248,759$445,624
71$615,115$265,484$190,498$408,616
72$609,165$209,801$128,187$367,690
73$600,443$149,225$61,625$322,547
74$588,601$83,449$0$272,865
75$573,248$12,148$0$220,505
76$553,954$0$0$178,465
77$530,243$0$0$161,966
78$501,586$0$0$149,073
79$467,400$0$0$133,938
80$427,039$0$0$116,304
81$379,787$0$0$95,886
82$324,856$0$0$72,368
83$261,371$0$0$45,402
84$188,367$0$0$14,604
85$104,777$0$0$0
86$9,422$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0