Can I retire at age 63 with 562,000?

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 $562,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$46,409$45,996$45,593$45,199$44,815$44,090
2 years$22,975$22,547$22,132$21,730$21,340$20,613
3 years$15,164$14,735$14,321$13,923$13,539$12,831
4 years$11,260$10,832$10,422$10,031$9,656$8,972
5 years$8,918$8,492$8,088$7,704$7,341$6,683
6 years$7,357$6,934$6,536$6,161$5,808$5,179
7 years$6,243$5,824$5,432$5,066$4,724$4,122
8 years$5,407$4,992$4,607$4,249$3,919$3,344
9 years$4,758$4,346$3,968$3,620$3,300$2,753
10 years$4,238$3,831$3,459$3,120$2,812$2,291
11 years$3,814$3,411$3,045$2,715$2,418$1,924
12 years$3,460$3,061$2,703$2,382$2,096$1,627
13 years$3,161$2,766$2,415$2,103$1,827$1,383
14 years$2,905$2,515$2,170$1,867$1,602$1,182
15 years$2,684$2,297$1,959$1,665$1,410$1,014
16 years$2,490$2,108$1,776$1,491$1,247$873
17 years$2,319$1,941$1,616$1,339$1,105$753
18 years$2,167$1,794$1,475$1,207$983$651
19 years$2,032$1,662$1,350$1,091$876$565
20 years$1,910$1,545$1,239$988$782$490
21 years$1,800$1,439$1,140$896$700$426
22 years$1,700$1,343$1,051$815$628$371
23 years$1,609$1,256$970$742$563$323
24 years$1,526$1,177$897$677$506$282
25 years$1,449$1,104$831$618$456$246
26 years$1,378$1,038$771$565$410$215
27 years$1,313$977$716$517$370$188
28 years$1,253$921$665$474$334$165
29 years$1,196$868$619$435$302$144
30 years$1,144$820$577$399$272$126
31 years$1,095$775$538$366$246$110
32 years$1,049$734$502$337$223$97
33 years$1,006$695$468$310$202$85
34 years$966$658$438$285$183$74
35 years$928$625$409$262$165$65
36 years$893$593$383$242$150$57
37 years$859$563$358$223$136$50
38 years$827$535$335$205$123$44
39 years$797$509$314$189$112$39
40 years$768$484$295$174$101$34
41 years$741$461$276$161$92$30
42 years$716$439$259$149$83$26
43 years$691$418$243$137$76$23
44 years$668$399$228$127$69$20
45 years$646$380$214$117$62$18
46 years$624$363$201$108$57$15
47 years$604$346$189$100$51$14
48 years$585$330$178$92$47$12
49 years$566$315$167$85$42$10
50 years$549$301$157$79$39$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $562,000, adding $5,246 every year, while hoping to spend $20,003 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: 77/14/9 Blend
62$562,000$562,000$562,000$562,000
63$624,735$594,949$586,238$671,538
64$667,175$602,819$584,594$710,913
65$713,274$610,403$582,225$750,982
66$763,383$617,668$579,084$794,337
67$817,889$624,576$575,125$841,297
68$877,220$631,086$570,298$892,214
69$941,843$637,156$564,550$947,473
70$1,012,275$642,741$557,826$1,007,502
71$1,089,084$647,791$550,070$1,072,769
72$1,172,894$652,257$541,221$1,143,791
73$1,264,394$656,082$531,216$1,221,139
74$1,364,340$659,208$519,990$1,305,441
75$1,473,567$661,573$507,474$1,397,388
76$1,592,991$663,111$493,595$1,497,743
77$1,723,625$663,752$478,278$1,607,346
78$1,866,579$663,420$461,446$1,727,123
79$2,023,080$662,038$443,014$1,858,095
80$2,194,477$659,520$422,897$2,001,385
81$2,382,255$655,778$401,006$2,158,234
82$2,588,050$650,716$377,245$2,330,006
83$2,813,665$644,235$351,516$2,518,208
84$3,061,084$636,228$323,717$2,724,498
85$3,332,493$626,582$293,741$2,950,705
86$3,630,300$615,177$261,474$3,198,844
87$3,957,157$601,887$226,799$3,471,135
88$4,315,986$586,578$189,595$3,770,028
89$4,710,003$569,107$149,734$4,098,218
90$5,142,755$549,325$107,081$4,458,682
91$5,618,145$527,071$61,498$4,854,694
92$6,140,477$502,179$12,839$5,289,869
93$6,714,489$474,469$0$5,768,186
94$7,345,402$443,753$0$6,297,789
95$8,038,968$409,832$0$6,881,318
96$8,801,525$372,496$0$7,522,886
97$9,640,053$331,521$0$8,228,386
98$10,562,246$286,673$0$9,004,308
99$11,576,579$237,703$0$9,857,809
100$12,692,388$184,349$0$10,796,773