Can I retire at age 63 with 551,000?

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 $551,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$45,501$45,096$44,700$44,314$43,938$42,412
2 years$22,525$22,106$21,699$21,305$20,923$19,402
3 years$14,868$14,446$14,041$13,650$13,274$11,805
4 years$11,040$10,620$10,218$9,834$9,467$8,062
5 years$8,743$8,326$7,930$7,554$7,197$5,859
6 years$7,213$6,799$6,408$6,041$5,695$4,424
7 years$6,120$5,710$5,325$4,966$4,631$3,429
8 years$5,301$4,894$4,516$4,166$3,842$2,707
9 years$4,665$4,261$3,890$3,549$3,236$2,166
10 years$4,155$3,756$3,391$3,059$2,757$1,751
11 years$3,739$3,344$2,986$2,662$2,371$1,426
12 years$3,393$3,001$2,650$2,335$2,055$1,170
13 years$3,099$2,712$2,367$2,062$1,792$964
14 years$2,848$2,465$2,127$1,830$1,571$797
15 years$2,631$2,252$1,920$1,632$1,383$662
16 years$2,441$2,066$1,741$1,461$1,222$551
17 years$2,274$1,903$1,584$1,313$1,084$459
18 years$2,125$1,758$1,446$1,183$964$384
19 years$1,992$1,630$1,324$1,069$859$321
20 years$1,873$1,514$1,215$968$767$269
21 years$1,765$1,411$1,118$879$686$226
22 years$1,667$1,317$1,030$799$615$189
23 years$1,577$1,232$951$728$552$159
24 years$1,496$1,154$880$664$496$134
25 years$1,421$1,083$815$606$447$112
26 years$1,351$1,018$756$554$402$95
27 years$1,287$958$702$507$363$80
28 years$1,228$903$652$465$327$67
29 years$1,173$851$607$426$296$56
30 years$1,122$804$565$391$267$48
31 years$1,074$760$527$359$241$40
32 years$1,029$719$492$330$218$34
33 years$987$681$459$304$198$28
34 years$947$646$429$279$179$24
35 years$910$612$401$257$162$20
36 years$875$581$375$237$147$17
37 years$842$552$351$218$133$14
38 years$811$525$329$201$121$12
39 years$781$499$308$185$109$10
40 years$753$475$289$171$99$9
41 years$727$452$271$158$90$7
42 years$702$430$254$146$82$6
43 years$678$410$238$134$74$5
44 years$655$391$224$124$67$4
45 years$633$373$210$115$61$4
46 years$612$355$197$106$55$3
47 years$592$339$185$98$50$3
48 years$573$324$174$90$46$2
49 years$555$309$164$84$42$2
50 years$538$295$154$77$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $551,000, adding $3,580 every year, while hoping to spend $42,662 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: 45/32/23 Blend
62$551,000$551,000$551,000$551,000
63$610,895$581,692$573,151$634,190
64$627,814$564,803$546,960$634,086
65$645,029$545,656$518,461$629,521
66$662,525$524,096$487,533$623,710
67$680,285$499,959$454,047$616,560
68$698,286$473,070$417,870$607,970
69$716,506$443,244$378,863$597,833
70$734,913$410,287$336,879$586,035
71$753,476$373,993$291,766$572,453
72$772,156$334,144$243,366$556,958
73$790,909$290,510$191,511$539,411
74$809,685$242,848$136,030$519,665
75$828,425$190,900$76,740$497,563
76$847,066$134,396$13,452$472,935
77$865,534$73,049$0$445,603
78$883,746$6,555$0$428,649
79$901,608$0$0$412,980
80$919,016$0$0$418,156
81$935,850$0$0$425,320
82$951,979$0$0$432,097
83$967,254$0$0$438,412
84$981,509$0$0$444,182
85$994,560$0$0$449,314
86$1,006,200$0$0$453,704
87$1,016,198$0$0$457,236
88$1,024,298$0$0$459,781
89$1,030,214$0$0$461,198
90$1,033,629$0$0$461,326
91$1,034,190$0$0$459,990
92$1,031,504$0$0$456,993
93$1,025,137$0$0$452,118
94$1,014,606$0$0$445,124
95$999,376$0$0$435,743
96$978,852$0$0$423,680
97$952,377$0$0$408,607
98$919,222$0$0$390,160
99$878,582$0$0$367,937
100$829,563$0$0$341,494