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%11.2%
1 years$45,501$45,096$44,700$44,314$43,938$43,716
2 years$22,525$22,106$21,699$21,305$20,923$20,699
3 years$14,868$14,446$14,041$13,650$13,274$13,055
4 years$11,040$10,620$10,218$9,834$9,467$9,255
5 years$8,743$8,326$7,930$7,554$7,197$6,992
6 years$7,213$6,799$6,408$6,041$5,695$5,497
7 years$6,120$5,710$5,325$4,966$4,631$4,441
8 years$5,301$4,894$4,516$4,166$3,842$3,659
9 years$4,665$4,261$3,890$3,549$3,236$3,060
10 years$4,155$3,756$3,391$3,059$2,757$2,589
11 years$3,739$3,344$2,986$2,662$2,371$2,211
12 years$3,393$3,001$2,650$2,335$2,055$1,902
13 years$3,099$2,712$2,367$2,062$1,792$1,646
14 years$2,848$2,465$2,127$1,830$1,571$1,431
15 years$2,631$2,252$1,920$1,632$1,383$1,250
16 years$2,441$2,066$1,741$1,461$1,222$1,096
17 years$2,274$1,903$1,584$1,313$1,084$964
18 years$2,125$1,758$1,446$1,183$964$850
19 years$1,992$1,630$1,324$1,069$859$751
20 years$1,873$1,514$1,215$968$767$665
21 years$1,765$1,411$1,118$879$686$590
22 years$1,667$1,317$1,030$799$615$525
23 years$1,577$1,232$951$728$552$467
24 years$1,496$1,154$880$664$496$416
25 years$1,421$1,083$815$606$447$371
26 years$1,351$1,018$756$554$402$331
27 years$1,287$958$702$507$363$295
28 years$1,228$903$652$465$327$264
29 years$1,173$851$607$426$296$236
30 years$1,122$804$565$391$267$211
31 years$1,074$760$527$359$241$189
32 years$1,029$719$492$330$218$170
33 years$987$681$459$304$198$152
34 years$947$646$429$279$179$136
35 years$910$612$401$257$162$122
36 years$875$581$375$237$147$110
37 years$842$552$351$218$133$98
38 years$811$525$329$201$121$88
39 years$781$499$308$185$109$79
40 years$753$475$289$171$99$71
41 years$727$452$271$158$90$64
42 years$702$430$254$146$82$57
43 years$678$410$238$134$74$52
44 years$655$391$224$124$67$46
45 years$633$373$210$115$61$42
46 years$612$355$197$106$55$37
47 years$592$339$185$98$50$34
48 years$573$324$174$90$46$30
49 years$555$309$164$84$42$27
50 years$538$295$154$77$38$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $551,000, adding $6,245 every year, while hoping to spend $21,426 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: 75/20/5 Blend
62$551,000$551,000$551,000$551,000
63$613,644$584,441$575,900$658,985
64$653,438$590,281$572,396$695,492
65$696,574$595,690$568,056$732,117
66$743,368$600,623$562,830$771,623
67$794,172$605,033$556,665$814,286
68$849,369$608,872$549,505$860,411
69$909,384$612,085$541,292$910,335
70$974,681$614,618$531,966$964,426
71$1,045,774$616,409$521,462$1,023,094
72$1,123,226$617,397$509,714$1,086,786
73$1,207,658$617,512$496,652$1,155,999
74$1,299,753$616,684$482,204$1,231,279
75$1,400,262$614,835$466,292$1,313,226
76$1,510,013$611,886$448,837$1,402,503
77$1,629,917$607,751$429,755$1,499,841
78$1,760,976$602,339$408,959$1,606,046
79$1,904,294$595,552$386,359$1,722,005
80$2,061,088$587,290$361,857$1,848,696
81$2,232,695$577,443$335,355$1,987,197
82$2,420,589$565,897$306,749$2,138,699
83$2,626,394$552,531$275,930$2,304,510
84$2,851,896$537,215$242,783$2,486,075
85$3,099,064$519,813$207,191$2,684,986
86$3,370,066$500,181$169,029$2,903,000
87$3,667,289$478,166$128,168$3,142,050
88$3,993,364$453,607$84,473$3,404,269
89$4,351,186$426,334$37,802$3,692,008
90$4,743,947$396,164$0$4,007,860
91$5,175,162$362,908$0$4,355,321
92$5,648,701$326,363$0$4,739,094
93$6,168,830$286,316$0$5,160,641
94$6,740,246$242,542$0$5,623,797
95$7,368,127$194,802$0$6,132,791
96$8,058,173$142,844$0$6,692,281
97$8,816,667$86,404$0$7,307,405
98$9,650,528$25,199$0$7,983,824
99$10,567,382$0$0$8,727,776
100$11,575,629$0$0$9,555,177