Can I retire at age 63 with 536,000?

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 $536,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$44,262$43,868$43,483$43,108$42,741$41,062
2 years$21,912$21,504$21,108$20,725$20,353$18,681
3 years$14,463$14,053$13,659$13,279$12,913$11,302
4 years$10,739$10,331$9,940$9,567$9,210$7,671
5 years$8,505$8,099$7,714$7,348$7,001$5,540
6 years$7,017$6,614$6,234$5,876$5,540$4,156
7 years$5,954$5,554$5,180$4,831$4,505$3,199
8 years$5,157$4,761$4,393$4,053$3,737$2,507
9 years$4,538$4,145$3,784$3,452$3,147$1,991
10 years$4,042$3,654$3,299$2,976$2,682$1,598
11 years$3,637$3,253$2,904$2,590$2,306$1,292
12 years$3,300$2,920$2,578$2,272$1,999$1,050
13 years$3,015$2,638$2,303$2,005$1,743$859
14 years$2,771$2,398$2,069$1,780$1,528$704
15 years$2,559$2,191$1,868$1,588$1,345$580
16 years$2,375$2,010$1,694$1,422$1,189$478
17 years$2,212$1,851$1,541$1,277$1,054$395
18 years$2,067$1,711$1,407$1,151$937$327
19 years$1,938$1,585$1,288$1,040$835$271
20 years$1,822$1,473$1,182$942$746$225
21 years$1,717$1,372$1,087$855$668$187
22 years$1,621$1,281$1,002$777$599$156
23 years$1,534$1,198$925$708$537$130
24 years$1,455$1,122$856$646$483$108
25 years$1,382$1,053$793$590$435$90
26 years$1,315$990$735$539$391$75
27 years$1,252$932$683$494$353$62
28 years$1,195$878$635$452$318$52
29 years$1,141$828$590$415$288$43
30 years$1,091$782$550$381$260$36
31 years$1,044$739$513$349$235$30
32 years$1,001$700$478$321$212$25
33 years$960$663$447$295$192$21
34 years$921$628$417$272$174$18
35 years$885$596$390$250$158$15
36 years$851$565$365$230$143$12
37 years$819$537$342$212$130$10
38 years$789$510$320$196$117$8
39 years$760$485$300$180$106$7
40 years$733$462$281$166$97$6
41 years$707$439$263$154$88$5
42 years$682$419$247$142$79$4
43 years$659$399$232$131$72$3
44 years$637$380$218$121$65$3
45 years$616$362$204$112$59$2
46 years$595$346$192$103$54$2
47 years$576$330$180$95$49$2
48 years$558$315$169$88$45$1
49 years$540$301$159$81$40$1
50 years$523$287$150$75$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $536,000, adding $5,853 every year, while hoping to spend $43,538 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: 48/43/9 Blend
62$536,000$536,000$536,000$536,000
63$596,709$568,301$559,993$623,626
64$611,250$549,824$532,429$624,243
65$625,814$528,982$502,482$619,867
66$640,358$505,614$470,027$614,111
67$654,834$479,548$434,932$606,859
68$669,184$450,603$397,059$597,988
69$683,347$418,588$356,266$587,365
70$697,249$383,300$312,403$574,846
71$710,813$344,526$265,312$560,279
72$723,947$302,039$214,831$543,498
73$736,550$255,599$160,788$524,328
74$748,510$204,955$103,007$502,576
75$759,699$149,840$41,299$478,040
76$769,978$89,972$0$450,499
77$779,188$25,053$0$422,075
78$787,154$0$0$394,542
79$793,679$0$0$385,079
80$798,547$0$0$386,559
81$801,514$0$0$387,000
82$802,312$0$0$386,257
83$800,641$0$0$384,172
84$796,169$0$0$380,567
85$788,527$0$0$375,247
86$777,308$0$0$367,994
87$762,057$0$0$358,567
88$742,272$0$0$346,699
89$717,398$0$0$332,095
90$686,818$0$0$314,427
91$649,851$0$0$293,333
92$605,741$0$0$268,413
93$553,656$0$0$239,224
94$492,670$0$0$205,275
95$421,764$0$0$166,026
96$339,809$0$0$120,877
97$245,558$0$0$69,168
98$137,633$0$0$10,167
99$14,511$0$0$0
100$0$0$0$0