Can I retire at age 63 with 559,000?

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 $559,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$46,162$45,751$45,349$44,958$44,575$43,235
2 years$22,852$22,427$22,014$21,614$21,226$19,887
3 years$15,084$14,656$14,245$13,849$13,467$12,171
4 years$11,200$10,774$10,366$9,977$9,605$8,362
5 years$8,870$8,447$8,045$7,663$7,301$6,115
6 years$7,318$6,897$6,501$6,128$5,777$4,649
7 years$6,209$5,792$5,403$5,039$4,698$3,628
8 years$5,378$4,965$4,582$4,227$3,898$2,884
9 years$4,732$4,323$3,946$3,600$3,283$2,324
10 years$4,216$3,811$3,441$3,103$2,797$1,893
11 years$3,793$3,392$3,029$2,701$2,405$1,555
12 years$3,442$3,045$2,688$2,369$2,084$1,285
13 years$3,144$2,752$2,402$2,092$1,818$1,067
14 years$2,890$2,501$2,158$1,857$1,593$890
15 years$2,669$2,285$1,948$1,656$1,403$745
16 years$2,477$2,096$1,766$1,483$1,240$626
17 years$2,307$1,931$1,607$1,332$1,099$527
18 years$2,156$1,784$1,467$1,200$978$444
19 years$2,021$1,653$1,343$1,085$871$375
20 years$1,900$1,536$1,233$982$778$317
21 years$1,790$1,431$1,134$892$696$268
22 years$1,691$1,336$1,045$811$624$227
23 years$1,600$1,249$965$738$560$193
24 years$1,517$1,171$892$673$504$164
25 years$1,441$1,099$827$615$453$139
26 years$1,371$1,032$767$562$408$118
27 years$1,306$972$712$515$368$100
28 years$1,246$916$662$472$332$85
29 years$1,190$864$616$432$300$72
30 years$1,138$816$574$397$271$62
31 years$1,089$771$535$364$245$52
32 years$1,044$730$499$335$222$45
33 years$1,001$691$466$308$201$38
34 years$961$655$435$283$182$32
35 years$923$621$407$261$164$28
36 years$888$590$381$240$149$23
37 years$854$560$356$221$135$20
38 years$823$532$334$204$122$17
39 years$793$506$313$188$111$14
40 years$764$481$293$174$101$12
41 years$737$458$275$160$91$10
42 years$712$436$258$148$83$9
43 years$687$416$242$136$75$8
44 years$664$396$227$126$68$6
45 years$642$378$213$116$62$6
46 years$621$361$200$107$56$5
47 years$601$344$188$99$51$4
48 years$582$329$177$92$46$3
49 years$563$314$166$85$42$3
50 years$546$300$156$78$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $559,000, adding $2,462 every year, while hoping to spend $53,077 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: 42/43/15 Blend
62$559,000$559,000$559,000$559,000
63$618,558$588,931$580,266$641,723
64$625,177$561,315$543,231$630,657
65$630,693$530,567$503,177$613,253
66$634,936$496,477$459,946$593,265
67$637,719$458,824$413,374$570,480
68$638,834$417,374$363,290$544,669
69$638,049$371,879$309,514$515,586
70$635,106$322,077$251,859$482,965
71$629,720$267,693$190,130$446,520
72$621,575$208,433$124,122$405,939
73$610,319$143,990$53,624$360,889
74$595,563$74,037$0$311,008
75$576,877$0$0$259,365
76$553,782$0$0$212,300
77$525,751$0$0$197,939
78$492,198$0$0$180,980
79$452,477$0$0$161,120
80$405,871$0$0$138,027
81$351,590$0$0$111,334
82$288,758$0$0$80,634
83$216,408$0$0$45,478
84$133,472$0$0$5,369
85$38,768$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0