Can I retire at age 63 with 554,000?

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 $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%11.2%
1 years$45,749$45,341$44,944$44,556$44,177$43,954
2 years$22,648$22,226$21,817$21,421$21,037$20,811
3 years$14,949$14,525$14,117$13,725$13,346$13,126
4 years$11,100$10,677$10,274$9,888$9,519$9,305
5 years$8,791$8,371$7,973$7,595$7,236$7,030
6 years$7,252$6,836$6,443$6,074$5,726$5,527
7 years$6,154$5,741$5,354$4,993$4,656$4,465
8 years$5,330$4,921$4,541$4,189$3,863$3,679
9 years$4,690$4,284$3,911$3,568$3,253$3,077
10 years$4,178$3,777$3,410$3,076$2,772$2,603
11 years$3,760$3,362$3,002$2,677$2,384$2,223
12 years$3,411$3,018$2,664$2,348$2,066$1,912
13 years$3,116$2,727$2,380$2,073$1,801$1,655
14 years$2,864$2,479$2,139$1,840$1,579$1,439
15 years$2,645$2,264$1,931$1,641$1,390$1,257
16 years$2,454$2,078$1,751$1,469$1,229$1,102
17 years$2,286$1,913$1,593$1,320$1,090$969
18 years$2,137$1,768$1,454$1,190$969$855
19 years$2,003$1,639$1,331$1,075$864$755
20 years$1,883$1,523$1,222$974$771$669
21 years$1,774$1,418$1,124$884$690$594
22 years$1,676$1,324$1,036$803$619$527
23 years$1,586$1,238$956$732$555$469
24 years$1,504$1,160$884$667$499$418
25 years$1,428$1,089$819$609$449$373
26 years$1,359$1,023$760$557$405$333
27 years$1,294$963$705$510$365$297
28 years$1,235$907$656$467$329$266
29 years$1,179$856$610$429$297$237
30 years$1,128$808$568$393$269$213
31 years$1,080$764$530$361$243$190
32 years$1,034$723$494$332$220$170
33 years$992$685$462$305$199$153
34 years$952$649$431$281$180$137
35 years$915$616$403$259$163$123
36 years$880$584$377$238$148$110
37 years$847$555$353$219$134$99
38 years$815$527$331$202$121$89
39 years$786$502$310$186$110$80
40 years$757$477$290$172$100$71
41 years$731$454$272$159$91$64
42 years$705$433$255$146$82$58
43 years$681$412$240$135$75$52
44 years$658$393$225$125$68$47
45 years$636$375$211$115$61$42
46 years$615$357$198$106$56$38
47 years$596$341$186$98$51$34
48 years$577$326$175$91$46$30
49 years$558$311$165$84$42$27
50 years$541$297$155$78$38$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $554,000, adding $4,726 every year, while hoping to spend $28,287 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: 63/15/22 Blend
62$554,000$554,000$554,000$554,000
63$615,383$586,021$577,434$650,352
64$648,055$584,639$566,681$673,135
65$683,111$582,241$554,619$694,428
66$720,765$578,747$541,176$717,041
67$761,252$574,074$526,273$741,105
68$804,827$568,132$509,831$766,766
69$851,774$560,824$491,765$794,186
70$902,402$552,052$471,986$823,546
71$957,052$541,708$450,403$855,042
72$1,016,099$529,679$426,919$888,897
73$1,079,953$515,846$401,433$925,353
74$1,149,067$500,081$373,840$964,681
75$1,223,938$482,251$344,030$1,007,179
76$1,305,113$462,214$311,888$1,053,180
77$1,393,192$439,820$277,293$1,103,049
78$1,488,835$414,909$240,121$1,157,191
79$1,592,771$387,315$200,240$1,216,055
80$1,705,799$356,858$157,513$1,280,138
81$1,828,799$323,352$111,798$1,349,988
82$1,962,738$286,598$62,945$1,426,213
83$2,108,682$246,387$10,798$1,509,483
84$2,267,804$202,495$0$1,600,541
85$2,441,393$154,691$0$1,710,736
86$2,630,869$102,725$0$1,833,835
87$2,837,797$46,337$0$1,968,346
88$3,063,896$0$0$2,115,419
89$3,311,062$0$0$2,278,757
90$3,581,380$0$0$2,465,799
91$3,877,147$0$0$2,670,489
92$4,200,892$0$0$2,894,583
93$4,555,400$0$0$3,140,012
94$4,943,737$0$0$3,408,907
95$5,369,281$0$0$3,703,610
96$5,835,750$0$0$4,026,703
97$6,347,242$0$0$4,381,029
98$6,908,268$0$0$4,769,720
99$7,523,797$0$0$5,196,225
100$8,199,302$0$0$5,664,343