Can I retire at age 63 with 554,000?

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 $554,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$45,749$45,341$44,944$44,556$44,177$43,752
2 years$22,648$22,226$21,817$21,421$21,037$20,608
3 years$14,949$14,525$14,117$13,725$13,346$12,929
4 years$11,100$10,677$10,274$9,888$9,519$9,114
5 years$8,791$8,371$7,973$7,595$7,236$6,846
6 years$7,252$6,836$6,443$6,074$5,726$5,351
7 years$6,154$5,741$5,354$4,993$4,656$4,297
8 years$5,330$4,921$4,541$4,189$3,863$3,518
9 years$4,690$4,284$3,911$3,568$3,253$2,924
10 years$4,178$3,777$3,410$3,076$2,772$2,457
11 years$3,760$3,362$3,002$2,677$2,384$2,084
12 years$3,411$3,018$2,664$2,348$2,066$1,780
13 years$3,116$2,727$2,380$2,073$1,801$1,530
14 years$2,864$2,479$2,139$1,840$1,579$1,321
15 years$2,645$2,264$1,931$1,641$1,390$1,146
16 years$2,454$2,078$1,751$1,469$1,229$997
17 years$2,286$1,913$1,593$1,320$1,090$870
18 years$2,137$1,768$1,454$1,190$969$761
19 years$2,003$1,639$1,331$1,075$864$668
20 years$1,883$1,523$1,222$974$771$586
21 years$1,774$1,418$1,124$884$690$516
22 years$1,676$1,324$1,036$803$619$455
23 years$1,586$1,238$956$732$555$401
24 years$1,504$1,160$884$667$499$354
25 years$1,428$1,089$819$609$449$313
26 years$1,359$1,023$760$557$405$277
27 years$1,294$963$705$510$365$245
28 years$1,235$907$656$467$329$218
29 years$1,179$856$610$429$297$193
30 years$1,128$808$568$393$269$171
31 years$1,080$764$530$361$243$152
32 years$1,034$723$494$332$220$135
33 years$992$685$462$305$199$120
34 years$952$649$431$281$180$106
35 years$915$616$403$259$163$94
36 years$880$584$377$238$148$84
37 years$847$555$353$219$134$75
38 years$815$527$331$202$121$66
39 years$786$502$310$186$110$59
40 years$757$477$290$172$100$52
41 years$731$454$272$159$91$47
42 years$705$433$255$146$82$42
43 years$681$412$240$135$75$37
44 years$658$393$225$125$68$33
45 years$636$375$211$115$61$29
46 years$615$357$198$106$56$26
47 years$596$341$186$98$51$23
48 years$577$326$175$91$46$21
49 years$558$311$165$84$42$18
50 years$541$297$155$78$38$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $554,000, adding $2,621 every year, while hoping to spend $31,513 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: 45/40/15 Blend
62$554,000$554,000$554,000$554,000
63$613,212$583,850$575,263$638,064
64$642,230$578,929$561,004$650,734
65$673,151$572,710$545,212$661,086
66$706,137$565,098$527,802$671,627
67$741,364$555,989$508,684$682,389
68$779,025$545,274$487,767$693,409
69$819,332$532,839$464,953$704,727
70$862,517$518,561$440,142$716,391
71$908,834$502,311$413,227$728,459
72$958,564$483,952$384,099$740,993
73$1,012,012$463,341$352,641$754,069
74$1,069,516$440,323$318,733$767,768
75$1,131,444$414,737$282,248$782,188
76$1,198,204$386,412$243,056$797,439
77$1,270,242$355,166$201,019$813,642
78$1,348,046$320,809$155,993$830,940
79$1,432,156$283,138$107,828$849,492
80$1,523,163$241,939$56,367$869,476
81$1,621,718$196,986$1,448$891,096
82$1,728,536$148,042$0$914,580
83$1,844,405$94,853$0$949,333
84$1,970,187$37,154$0$987,337
85$2,106,836$0$0$1,028,715
86$2,255,397$0$0$1,085,011
87$2,417,021$0$0$1,164,107
88$2,592,976$0$0$1,250,277
89$2,784,655$0$0$1,344,210
90$2,993,592$0$0$1,446,665
91$3,221,475$0$0$1,558,480
92$3,470,161$0$0$1,680,574
93$3,741,697$0$0$1,813,959
94$4,038,333$0$0$1,959,753
95$4,362,549$0$0$2,119,181
96$4,717,071$0$0$2,293,596
97$5,104,906$0$0$2,484,487
98$5,529,360$0$0$2,693,492
99$5,994,077$0$0$2,922,417
100$6,503,068$0$0$3,173,249