Can I retire at age 63 with 553,000?

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 $553,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$45,666$45,259$44,863$44,475$44,097$42,549
2 years$22,607$22,186$21,778$21,382$20,999$19,456
3 years$14,922$14,499$14,092$13,700$13,322$11,833
4 years$11,080$10,658$10,255$9,870$9,502$8,076
5 years$8,775$8,356$7,958$7,581$7,223$5,866
6 years$7,239$6,823$6,432$6,063$5,715$4,428
7 years$6,143$5,730$5,345$4,984$4,648$3,429
8 years$5,321$4,912$4,533$4,181$3,856$2,705
9 years$4,681$4,277$3,904$3,562$3,247$2,163
10 years$4,171$3,770$3,404$3,070$2,767$1,748
11 years$3,753$3,356$2,997$2,672$2,380$1,423
12 years$3,405$3,012$2,659$2,344$2,062$1,166
13 years$3,111$2,722$2,376$2,069$1,798$960
14 years$2,859$2,474$2,135$1,837$1,576$794
15 years$2,641$2,260$1,927$1,638$1,388$658
16 years$2,450$2,074$1,747$1,467$1,227$548
17 years$2,282$1,910$1,590$1,318$1,088$456
18 years$2,133$1,765$1,452$1,188$967$381
19 years$1,999$1,636$1,329$1,073$862$319
20 years$1,879$1,520$1,220$972$770$267
21 years$1,771$1,416$1,122$882$689$224
22 years$1,673$1,322$1,034$802$618$187
23 years$1,583$1,236$955$730$554$157
24 years$1,501$1,158$883$666$498$132
25 years$1,426$1,087$818$608$448$111
26 years$1,356$1,021$758$556$404$93
27 years$1,292$961$704$509$364$78
28 years$1,233$906$655$466$329$66
29 years$1,177$854$609$428$297$56
30 years$1,126$807$567$393$268$47
31 years$1,078$763$529$361$242$39
32 years$1,033$722$494$331$219$33
33 years$990$684$461$305$198$28
34 years$951$648$431$280$180$23
35 years$913$615$403$258$163$20
36 years$878$583$377$238$147$17
37 years$845$554$353$219$134$14
38 years$814$526$330$202$121$12
39 years$784$501$309$186$110$10
40 years$756$476$290$172$100$8
41 years$729$453$272$158$90$7
42 years$704$432$255$146$82$6
43 years$680$411$239$135$74$5
44 years$657$392$225$125$68$4
45 years$635$374$211$115$61$4
46 years$614$357$198$106$56$3
47 years$594$340$186$98$51$3
48 years$575$325$175$91$46$2
49 years$557$310$164$84$42$2
50 years$540$296$155$78$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $553,000, adding $3,735 every year, while hoping to spend $30,293 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: 40/33/27 Blend
62$553,000$553,000$553,000$553,000
63$613,259$583,950$575,378$632,772
64$643,580$580,332$562,422$643,652
65$675,978$575,521$548,016$652,315
66$710,633$569,428$532,081$661,104
67$747,744$561,955$514,531$670,050
68$787,525$553,002$495,279$679,188
69$830,214$542,461$474,233$688,559
70$876,073$530,218$451,296$698,213
71$925,386$516,153$426,368$708,206
72$978,467$500,136$399,343$718,602
73$1,035,661$482,033$370,112$729,476
74$1,097,347$461,702$338,559$740,913
75$1,163,941$438,989$304,565$753,010
76$1,235,899$413,736$268,004$765,879
77$1,313,723$385,771$228,745$779,646
78$1,397,967$354,918$186,652$794,454
79$1,489,235$320,985$141,581$810,466
80$1,588,197$283,773$93,383$827,864
81$1,695,585$243,069$41,903$846,855
82$1,812,206$198,651$0$867,672
83$1,938,948$150,283$0$894,334
84$2,076,788$97,713$0$936,506
85$2,226,800$40,681$0$982,486
86$2,390,165$0$0$1,032,698
87$2,568,185$0$0$1,095,274
88$2,762,291$0$0$1,179,677
89$2,974,059$0$0$1,271,829
90$3,205,222$0$0$1,372,493
91$3,457,690$0$0$1,482,509
92$3,733,564$0$0$1,602,803
93$4,035,158$0$0$1,734,392
94$4,365,019$0$0$1,878,399
95$4,725,951$0$0$2,036,059
96$5,121,042$0$0$2,208,730
97$5,553,694$0$0$2,397,911
98$6,027,651$0$0$2,605,252
99$6,547,038$0$0$2,832,567
100$7,116,395$0$0$3,081,859