Can I retire at age 63 with 537,000?

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 $537,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$44,345$43,950$43,565$43,188$42,821$42,587
2 years$21,953$21,544$21,148$20,764$20,391$20,155
3 years$14,490$14,079$13,684$13,303$12,937$12,706
4 years$10,759$10,350$9,958$9,584$9,227$9,003
5 years$8,521$8,114$7,728$7,362$7,014$6,798
6 years$7,030$6,626$6,246$5,887$5,550$5,341
7 years$5,965$5,564$5,190$4,840$4,514$4,313
8 years$5,167$4,770$4,402$4,060$3,744$3,552
9 years$4,546$4,153$3,791$3,459$3,153$2,969
10 years$4,050$3,661$3,305$2,981$2,687$2,510
11 years$3,644$3,259$2,910$2,595$2,311$2,142
12 years$3,306$2,925$2,582$2,276$2,002$1,841
13 years$3,021$2,643$2,307$2,009$1,746$1,592
14 years$2,776$2,403$2,073$1,784$1,531$1,384
15 years$2,564$2,195$1,872$1,591$1,348$1,208
16 years$2,379$2,014$1,697$1,424$1,191$1,059
17 years$2,216$1,855$1,544$1,280$1,056$930
18 years$2,071$1,714$1,410$1,153$939$820
19 years$1,942$1,588$1,290$1,042$837$724
20 years$1,825$1,476$1,184$944$748$641
21 years$1,720$1,375$1,089$857$669$568
22 years$1,624$1,283$1,004$779$600$504
23 years$1,537$1,200$927$709$538$448
24 years$1,458$1,125$857$647$484$399
25 years$1,384$1,055$794$591$435$356
26 years$1,317$992$736$540$392$317
27 years$1,255$933$684$494$354$283
28 years$1,197$880$636$453$319$253
29 years$1,143$830$592$415$288$226
30 years$1,093$784$551$381$260$202
31 years$1,046$741$514$350$235$181
32 years$1,003$701$479$322$213$162
33 years$962$664$448$296$193$145
34 years$923$629$418$272$174$130
35 years$887$597$391$251$158$116
36 years$853$566$366$231$143$104
37 years$821$538$342$213$130$93
38 years$790$511$321$196$118$84
39 years$761$486$300$181$107$75
40 years$734$463$281$167$97$67
41 years$708$440$264$154$88$60
42 years$684$419$248$142$80$54
43 years$660$400$232$131$72$49
44 years$638$381$218$121$66$44
45 years$617$363$205$112$60$39
46 years$597$346$192$103$54$35
47 years$577$331$181$95$49$32
48 years$559$316$170$88$45$28
49 years$541$301$160$81$41$25
50 years$524$288$150$75$37$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $537,000, adding $4,565 every year, while hoping to spend $35,721 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: 72/13/15 Blend
62$537,000$537,000$537,000$537,000
63$596,483$568,022$559,698$637,102
64$619,317$557,848$540,441$654,471
65$643,283$545,978$519,342$668,699
66$668,459$532,292$496,301$683,341
67$694,929$516,662$471,214$698,431
68$722,785$498,952$443,973$714,006
69$752,127$479,018$414,464$730,109
70$783,064$456,710$382,568$746,787
71$815,714$431,866$348,162$764,094
72$850,208$404,318$311,116$782,089
73$886,685$373,885$271,294$800,838
74$925,300$340,379$228,556$820,416
75$966,221$303,598$182,753$840,906
76$1,009,632$263,331$133,732$862,403
77$1,055,734$219,354$81,332$885,009
78$1,104,747$171,430$25,384$908,841
79$1,156,911$119,310$0$934,029
80$1,212,489$62,730$0$966,210
81$1,271,770$1,411$0$1,004,746
82$1,335,069$0$0$1,045,779
83$1,402,733$0$0$1,098,832
84$1,475,139$0$0$1,155,837
85$1,552,706$0$0$1,216,921
86$1,635,887$0$0$1,282,446
87$1,725,185$0$0$1,352,809
88$1,821,147$0$0$1,428,445
89$1,924,378$0$0$1,509,832
90$2,035,539$0$0$1,597,494
91$2,155,356$0$0$1,692,008
92$2,284,629$0$0$1,794,007
93$2,424,235$0$0$1,904,187
94$2,575,137$0$0$2,023,311
95$2,738,396$0$0$2,152,220
96$2,915,177$0$0$2,291,838
97$3,106,758$0$0$2,443,179
98$3,314,550$0$0$2,607,361
99$3,540,100$0$0$2,785,612
100$3,785,111$0$0$2,979,281