Can I retire at age 63 with 563,000?

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 $563,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$46,492$46,078$45,674$45,279$44,894$44,611
2 years$23,016$22,587$22,172$21,769$21,378$21,093
3 years$15,191$14,761$14,347$13,948$13,563$13,284
4 years$11,280$10,851$10,441$10,048$9,673$9,403
5 years$8,934$8,507$8,102$7,718$7,354$7,092
6 years$7,370$6,947$6,548$6,172$5,819$5,567
7 years$6,254$5,834$5,441$5,075$4,732$4,490
8 years$5,417$5,001$4,615$4,257$3,926$3,694
9 years$4,766$4,354$3,975$3,626$3,306$3,084
10 years$4,246$3,838$3,465$3,126$2,817$2,604
11 years$3,821$3,417$3,051$2,720$2,423$2,219
12 years$3,466$3,067$2,707$2,386$2,099$1,906
13 years$3,167$2,771$2,419$2,106$1,831$1,646
14 years$2,910$2,519$2,173$1,870$1,605$1,429
15 years$2,688$2,301$1,962$1,668$1,413$1,246
16 years$2,494$2,111$1,779$1,493$1,249$1,090
17 years$2,323$1,944$1,619$1,342$1,107$957
18 years$2,171$1,797$1,478$1,209$985$842
19 years$2,036$1,665$1,353$1,092$878$742
20 years$1,913$1,547$1,242$989$784$656
21 years$1,803$1,441$1,142$898$701$581
22 years$1,703$1,345$1,053$816$629$515
23 years$1,612$1,258$972$744$564$457
24 years$1,528$1,179$899$678$507$406
25 years$1,452$1,106$832$619$456$361
26 years$1,381$1,040$772$566$411$322
27 years$1,315$979$717$518$371$287
28 years$1,255$922$666$475$335$256
29 years$1,198$870$620$436$302$228
30 years$1,146$822$578$400$273$204
31 years$1,097$777$539$367$247$182
32 years$1,051$735$503$337$223$163
33 years$1,008$696$469$310$202$145
34 years$968$660$438$285$183$130
35 years$930$626$410$263$166$116
36 years$894$594$383$242$150$104
37 years$860$564$359$223$136$93
38 years$829$536$336$206$123$83
39 years$798$510$315$190$112$75
40 years$770$485$295$175$101$67
41 years$743$462$277$161$92$60
42 years$717$440$260$149$84$54
43 years$692$419$244$137$76$48
44 years$669$399$229$127$69$43
45 years$647$381$215$117$62$39
46 years$625$363$202$108$57$35
47 years$605$347$189$100$51$31
48 years$586$331$178$92$47$28
49 years$567$316$167$85$42$25
50 years$550$302$157$79$39$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $563,000, adding $5,516 every year, while hoping to spend $21,292 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: 69/11/20 Blend
62$563,000$563,000$563,000$563,000
63$626,116$596,277$587,550$665,868
64$667,325$602,840$584,579$699,683
65$712,024$609,011$580,794$733,660
66$760,546$614,748$576,146$770,317
67$813,258$620,007$570,584$809,918
68$870,564$624,741$564,051$852,753
69$932,907$628,899$556,493$899,141
70$1,000,776$632,427$547,847$949,436
71$1,074,707$635,268$538,053$1,004,026
72$1,155,293$637,362$527,043$1,063,341
73$1,243,185$638,644$514,750$1,127,855
74$1,339,097$639,046$501,103$1,198,088
75$1,443,820$638,494$486,024$1,274,617
76$1,558,221$636,911$469,437$1,358,076
77$1,683,255$634,215$451,259$1,449,167
78$1,819,975$630,320$431,404$1,548,660
79$1,969,538$625,131$409,782$1,657,408
80$2,133,221$618,552$386,299$1,776,350
81$2,312,427$610,479$360,858$1,906,521
82$2,508,703$600,801$333,355$2,049,064
83$2,723,752$589,402$303,684$2,205,237
84$2,959,450$576,158$271,733$2,376,431
85$3,217,862$560,937$237,384$2,564,175
86$3,501,263$543,603$200,516$2,770,160
87$3,812,159$524,007$161,000$2,996,247
88$4,153,311$501,994$118,705$3,244,489
89$4,527,758$477,401$73,491$3,517,151
90$4,938,848$450,053$25,212$3,816,729
91$5,390,272$419,767$0$4,145,976
92$5,886,092$386,348$0$4,513,541
93$6,430,786$349,591$0$4,923,262
94$7,029,283$309,278$0$5,373,478
95$7,687,019$265,181$0$5,868,294
96$8,409,976$217,057$0$6,412,231
97$9,204,750$164,649$0$7,010,275
98$10,078,606$107,688$0$7,667,918
99$11,039,546$45,887$0$8,391,212
100$12,096,389$0$0$9,186,827