Can I retire at age 63 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$46,244$45,832$45,430$45,038$44,655$43,611
2 years$22,893$22,467$22,054$21,653$21,264$20,218
3 years$15,111$14,682$14,270$13,873$13,491$12,476
4 years$11,220$10,793$10,385$9,995$9,622$8,645
5 years$8,886$8,462$8,059$7,677$7,314$6,379
6 years$7,331$6,910$6,513$6,139$5,788$4,895
7 years$6,220$5,803$5,412$5,048$4,707$3,856
8 years$5,388$4,974$4,590$4,234$3,905$3,096
9 years$4,741$4,331$3,953$3,607$3,288$2,522
10 years$4,223$3,817$3,447$3,109$2,802$2,076
11 years$3,800$3,398$3,034$2,706$2,410$1,723
12 years$3,448$3,050$2,693$2,373$2,088$1,440
13 years$3,150$2,757$2,406$2,095$1,821$1,210
14 years$2,895$2,506$2,162$1,860$1,596$1,021
15 years$2,674$2,289$1,952$1,659$1,405$865
16 years$2,481$2,100$1,770$1,485$1,242$735
17 years$2,311$1,934$1,610$1,334$1,101$626
18 years$2,160$1,787$1,470$1,203$979$535
19 years$2,025$1,656$1,346$1,087$873$457
20 years$1,903$1,539$1,235$984$780$392
21 years$1,794$1,434$1,136$893$698$336
22 years$1,694$1,338$1,047$812$625$288
23 years$1,603$1,252$967$740$561$248
24 years$1,520$1,173$894$675$505$213
25 years$1,444$1,101$828$616$454$184
26 years$1,373$1,034$768$563$409$158
27 years$1,308$973$713$516$369$136
28 years$1,248$917$663$472$333$117
29 years$1,192$865$617$433$300$101
30 years$1,140$817$575$398$271$87
31 years$1,091$773$536$365$245$75
32 years$1,046$731$500$336$222$65
33 years$1,003$692$467$309$201$56
34 years$963$656$436$284$182$48
35 years$925$622$408$261$165$42
36 years$889$591$381$241$149$36
37 years$856$561$357$222$135$31
38 years$824$533$334$204$123$27
39 years$794$507$313$188$111$23
40 years$766$482$294$174$101$20
41 years$739$459$275$160$92$17
42 years$713$437$258$148$83$15
43 years$689$417$242$137$75$13
44 years$665$397$227$126$68$11
45 years$643$379$214$117$62$10
46 years$622$361$201$108$56$8
47 years$602$345$188$99$51$7
48 years$583$329$177$92$47$6
49 years$564$314$166$85$42$5
50 years$547$300$156$78$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $560,000, adding $3,075 every year, while hoping to spend $22,343 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: 49/22/29 Blend
62$560,000$560,000$560,000$560,000
63$620,292$590,612$581,932$645,437
64$659,789$595,779$577,654$668,574
65$702,566$600,451$572,484$691,253
66$748,933$604,579$566,368$715,465
67$799,234$608,112$559,250$741,365
68$853,843$610,997$551,072$769,125
69$913,174$613,175$541,773$798,938
70$977,683$614,586$531,287$831,017
71$1,047,870$615,164$519,549$865,595
72$1,124,286$614,840$506,486$902,933
73$1,207,536$613,540$492,027$943,320
74$1,298,287$611,186$476,093$987,076
75$1,397,275$607,696$458,604$1,034,551
76$1,505,305$602,982$439,475$1,086,139
77$1,623,269$596,950$418,620$1,142,271
78$1,752,143$589,502$395,945$1,203,425
79$1,893,007$580,533$371,355$1,270,130
80$2,047,047$569,933$344,748$1,342,972
81$2,215,569$557,582$316,020$1,422,596
82$2,400,011$543,358$285,061$1,509,719
83$2,601,958$527,128$251,756$1,605,131
84$2,823,154$508,753$215,986$1,709,706
85$3,065,519$488,085$177,625$1,824,409
86$3,331,168$464,969$136,542$1,950,308
87$3,622,433$439,237$92,602$2,088,582
88$3,941,878$410,717$45,661$2,240,533
89$4,292,331$379,223$0$2,407,600
90$4,676,903$344,560$0$2,592,746
91$5,099,025$306,521$0$2,811,520
92$5,562,473$264,888$0$3,051,768
93$6,071,409$219,431$0$3,315,683
94$6,630,415$169,905$0$3,605,684
95$7,244,540$116,054$0$3,924,437
96$7,919,348$57,606$0$4,274,882
97$8,660,967$0$0$4,660,262
98$9,476,146$0$0$5,085,538
99$10,372,324$0$0$5,568,467
100$11,357,695$0$0$6,099,528