Can I retire at age 63 with 540,000?

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 $540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$44,593$44,195$43,808$43,430$43,060$42,558
2 years$22,076$21,664$21,266$20,880$20,505$19,999
3 years$14,571$14,158$13,761$13,378$13,009$12,516
4 years$10,819$10,408$10,014$9,638$9,278$8,801
5 years$8,569$8,160$7,771$7,403$7,053$6,593
6 years$7,069$6,663$6,280$5,920$5,581$5,139
7 years$5,998$5,596$5,219$4,867$4,539$4,116
8 years$5,195$4,796$4,426$4,083$3,765$3,360
9 years$4,571$4,176$3,812$3,478$3,171$2,784
10 years$4,072$3,681$3,324$2,998$2,702$2,333
11 years$3,665$3,277$2,926$2,609$2,324$1,972
12 years$3,325$2,941$2,597$2,289$2,014$1,680
13 years$3,038$2,658$2,320$2,020$1,756$1,439
14 years$2,792$2,416$2,085$1,794$1,539$1,238
15 years$2,579$2,207$1,882$1,599$1,355$1,070
16 years$2,392$2,025$1,706$1,432$1,198$928
17 years$2,228$1,865$1,553$1,287$1,062$807
18 years$2,083$1,723$1,417$1,160$944$704
19 years$1,952$1,597$1,298$1,048$842$615
20 years$1,835$1,484$1,191$949$752$538
21 years$1,730$1,382$1,095$861$673$472
22 years$1,633$1,290$1,010$783$603$414
23 years$1,546$1,207$932$713$541$364
24 years$1,466$1,131$862$650$487$320
25 years$1,392$1,061$798$594$438$282
26 years$1,324$997$741$543$394$249
27 years$1,262$939$688$497$356$219
28 years$1,204$884$639$456$321$194
29 years$1,150$834$595$418$290$171
30 years$1,099$788$554$383$262$151
31 years$1,052$745$517$352$237$133
32 years$1,008$705$482$324$214$118
33 years$967$668$450$298$194$104
34 years$928$633$420$274$175$92
35 years$892$600$393$252$159$82
36 years$858$570$368$232$144$72
37 years$825$541$344$214$130$64
38 years$795$514$322$197$118$57
39 years$766$489$302$182$107$50
40 years$738$465$283$168$97$44
41 years$712$443$265$155$88$39
42 years$687$422$249$143$80$35
43 years$664$402$234$132$73$31
44 years$642$383$219$122$66$27
45 years$620$365$206$112$60$24
46 years$600$348$193$104$54$21
47 years$581$332$182$96$49$19
48 years$562$317$171$89$45$17
49 years$544$303$160$82$41$15
50 years$527$289$151$76$37$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $540,000, adding $4,934 every year, while hoping to spend $27,864 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: 44/33/23 Blend
62$540,000$540,000$540,000$540,000
63$600,169$571,549$563,179$622,384
64$631,740$569,908$552,399$636,949
65$665,596$567,253$540,323$649,640
66$701,943$563,504$526,880$662,837
67$741,003$558,578$511,992$676,601
68$783,022$552,385$495,581$691,001
69$828,271$544,832$477,563$706,116
70$877,043$535,818$457,851$722,034
71$929,666$525,238$436,353$738,854
72$986,497$512,979$412,975$756,689
73$1,047,927$498,922$387,617$775,664
74$1,114,388$482,942$360,175$795,919
75$1,186,355$464,905$330,541$817,614
76$1,264,349$444,671$298,599$840,925
77$1,348,943$422,091$264,233$866,051
78$1,440,768$397,006$227,318$893,213
79$1,540,518$369,251$187,725$922,659
80$1,648,955$338,649$145,318$954,666
81$1,766,919$305,013$99,957$989,544
82$1,895,333$268,147$51,493$1,027,636
83$2,035,213$227,843$0$1,069,328
84$2,187,678$183,880$0$1,115,101
85$2,353,957$136,026$0$1,178,868
86$2,535,406$84,036$0$1,248,549
87$2,733,515$27,651$0$1,324,777
88$2,949,925$0$0$1,408,253
89$3,186,443$0$0$1,511,882
90$3,445,058$0$0$1,636,235
91$3,727,960$0$0$1,772,331
92$4,037,560$0$0$1,921,338
93$4,376,515$0$0$2,084,544
94$4,747,747$0$0$2,263,365
95$5,154,476$0$0$2,459,360
96$5,600,250$0$0$2,674,248
97$6,088,973$0$0$2,909,923
98$6,624,947$0$0$3,168,467
99$7,212,910$0$0$3,452,177
100$7,858,080$0$0$3,763,583