Can I retire at age 63 with 546,000?

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 $546,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$45,088$44,687$44,295$43,912$43,539$42,111
2 years$22,321$21,905$21,502$21,112$20,733$19,308
3 years$14,733$14,315$13,913$13,526$13,154$11,777
4 years$10,939$10,523$10,125$9,745$9,381$8,063
5 years$8,664$8,250$7,858$7,485$7,132$5,875
6 years$7,148$6,737$6,350$5,986$5,643$4,449
7 years$6,065$5,658$5,277$4,921$4,589$3,458
8 years$5,253$4,850$4,475$4,128$3,807$2,737
9 years$4,622$4,223$3,855$3,516$3,206$2,197
10 years$4,118$3,722$3,361$3,031$2,732$1,782
11 years$3,705$3,313$2,959$2,638$2,349$1,456
12 years$3,362$2,974$2,626$2,314$2,036$1,198
13 years$3,071$2,688$2,346$2,043$1,775$991
14 years$2,823$2,443$2,108$1,813$1,556$822
15 years$2,607$2,232$1,903$1,617$1,370$685
16 years$2,419$2,048$1,725$1,448$1,211$572
17 years$2,253$1,886$1,570$1,301$1,074$479
18 years$2,106$1,742$1,433$1,173$955$402
19 years$1,974$1,615$1,312$1,059$851$337
20 years$1,856$1,501$1,204$960$760$284
21 years$1,749$1,398$1,108$871$680$239
22 years$1,652$1,305$1,021$792$610$201
23 years$1,563$1,220$943$721$547$170
24 years$1,482$1,143$872$658$492$143
25 years$1,408$1,073$807$601$443$121
26 years$1,339$1,008$749$549$399$102
27 years$1,276$949$695$503$360$86
28 years$1,217$894$646$461$324$73
29 years$1,162$844$602$422$293$62
30 years$1,111$797$560$388$265$52
31 years$1,064$753$522$356$239$44
32 years$1,019$713$487$327$216$37
33 years$978$675$455$301$196$32
34 years$939$640$425$277$177$27
35 years$902$607$397$255$161$23
36 years$867$576$372$235$146$19
37 years$834$547$348$216$132$16
38 years$803$520$326$199$120$14
39 years$774$494$305$184$108$12
40 years$746$470$286$170$98$10
41 years$720$448$268$156$89$8
42 years$695$426$252$144$81$7
43 years$671$406$236$133$73$6
44 years$649$387$222$123$67$5
45 years$627$369$208$114$61$4
46 years$607$352$196$105$55$4
47 years$587$336$184$97$50$3
48 years$568$321$173$90$45$3
49 years$550$306$162$83$41$2
50 years$533$293$153$77$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $546,000, adding $3,020 every year, while hoping to spend $25,611 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: 42/42/16 Blend
62$546,000$546,000$546,000$546,000
63$604,807$575,869$567,406$627,257
64$639,248$576,837$559,164$644,350
65$676,343$576,994$549,788$660,096
66$716,336$576,273$539,212$676,601
67$759,495$574,603$527,369$693,946
68$806,114$571,909$514,187$712,222
69$856,517$568,112$499,591$731,530
70$911,059$563,126$483,504$751,987
71$970,130$556,863$465,845$773,718
72$1,034,160$549,225$446,527$796,868
73$1,103,620$540,114$425,462$821,595
74$1,179,031$529,421$402,556$848,077
75$1,260,963$517,033$377,713$876,514
76$1,350,045$502,832$350,830$907,125
77$1,446,968$486,689$321,801$940,158
78$1,552,493$468,470$290,515$975,887
79$1,667,455$448,034$256,856$1,014,618
80$1,792,778$425,229$220,703$1,056,691
81$1,929,473$399,898$181,928$1,102,483
82$2,078,657$371,870$140,400$1,152,416
83$2,241,557$340,969$95,981$1,206,957
84$2,419,526$307,007$48,527$1,266,624
85$2,614,052$269,784$0$1,331,995
86$2,826,773$229,092$0$1,404,070
87$3,059,493$184,706$0$1,492,063
88$3,314,199$136,395$0$1,588,497
89$3,593,078$83,909$0$1,694,274
90$3,898,539$26,987$0$1,810,395
91$4,233,234$0$0$1,937,966
92$4,600,086$0$0$2,094,221
93$5,002,310$0$0$2,279,288
94$5,443,452$0$0$2,482,332
95$5,927,413$0$0$2,705,160
96$6,458,493$0$0$2,949,759
97$7,041,428$0$0$3,218,321
98$7,681,434$0$0$3,513,258
99$8,384,256$0$0$3,837,229
100$9,156,224$0$0$4,193,161