Can I retire at age 63 with 558,000?

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 $558,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$46,079$45,669$45,268$44,877$44,496$43,615
2 years$22,811$22,387$21,975$21,576$21,188$20,305
3 years$15,057$14,630$14,219$13,824$13,443$12,584
4 years$11,180$10,755$10,348$9,959$9,588$8,760
5 years$8,854$8,432$8,030$7,650$7,288$6,494
6 years$7,305$6,885$6,490$6,117$5,767$5,008
7 years$6,198$5,782$5,393$5,030$4,690$3,965
8 years$5,369$4,956$4,574$4,219$3,891$3,201
9 years$4,724$4,315$3,939$3,594$3,277$2,621
10 years$4,208$3,804$3,434$3,098$2,792$2,169
11 years$3,787$3,386$3,024$2,696$2,401$1,811
12 years$3,436$3,039$2,683$2,365$2,081$1,523
13 years$3,139$2,747$2,397$2,088$1,814$1,287
14 years$2,885$2,497$2,154$1,853$1,591$1,093
15 years$2,665$2,281$1,945$1,653$1,400$932
16 years$2,472$2,093$1,763$1,480$1,238$797
17 years$2,303$1,927$1,605$1,330$1,097$683
18 years$2,152$1,781$1,465$1,198$976$587
19 years$2,017$1,650$1,341$1,083$870$506
20 years$1,896$1,534$1,231$981$777$436
21 years$1,787$1,429$1,132$890$695$376
22 years$1,688$1,333$1,043$809$623$325
23 years$1,597$1,247$963$737$559$282
24 years$1,515$1,169$891$672$503$244
25 years$1,439$1,097$825$614$452$212
26 years$1,369$1,031$765$561$408$183
27 years$1,304$970$711$514$367$159
28 years$1,244$914$661$471$332$138
29 years$1,188$862$615$432$299$120
30 years$1,136$814$573$396$271$104
31 years$1,087$770$534$364$245$91
32 years$1,042$728$498$334$221$79
33 years$999$690$465$307$200$69
34 years$959$654$435$283$181$60
35 years$922$620$406$260$164$52
36 years$886$589$380$240$149$45
37 years$853$559$356$221$135$39
38 years$821$531$333$204$122$34
39 years$791$505$312$188$111$30
40 years$763$481$293$173$101$26
41 years$736$457$274$160$91$23
42 years$710$436$257$148$83$20
43 years$686$415$241$136$75$17
44 years$663$396$227$126$68$15
45 years$641$377$213$116$62$13
46 years$620$360$200$107$56$11
47 years$600$344$188$99$51$10
48 years$581$328$176$92$46$9
49 years$562$313$166$85$42$7
50 years$545$299$156$78$38$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $558,000, adding $5,119 every year, while hoping to spend $45,982 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: 64/18/18 Blend
62$558,000$558,000$558,000$558,000
63$620,196$590,622$581,973$656,775
64$634,532$570,638$552,545$661,981
65$648,788$548,134$520,590$661,965
66$662,910$522,937$485,974$660,855
67$676,831$494,866$448,559$658,544
68$690,482$463,728$408,199$654,919
69$703,780$429,320$364,743$649,857
70$716,635$391,426$318,031$643,222
71$728,944$349,818$267,898$634,870
72$740,595$304,258$214,171$624,643
73$751,458$254,489$156,669$612,369
74$761,393$200,245$95,203$597,862
75$770,239$141,241$29,576$580,920
76$777,820$77,179$0$561,323
77$783,938$7,741$0$546,604
78$788,374$0$0$535,299
79$790,884$0$0$534,834
80$791,195$0$0$534,330
81$789,006$0$0$532,041
82$783,984$0$0$527,729
83$775,756$0$0$521,132
84$763,910$0$0$511,959
85$747,991$0$0$499,887
86$727,491$0$0$484,558
87$701,852$0$0$465,577
88$670,453$0$0$442,504
89$632,607$0$0$414,856
90$587,554$0$0$382,095
91$534,454$0$0$343,627
92$472,377$0$0$298,796
93$400,296$0$0$246,877
94$317,074$0$0$187,066
95$221,457$0$0$118,477
96$112,055$0$0$40,130
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0