Can I retire at age 63 with 566,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $566,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$46,740$46,323$45,917$45,521$45,134$44,718
2 years$23,138$22,708$22,290$21,885$21,492$21,074
3 years$15,272$14,840$14,423$14,022$13,636$13,227
4 years$11,340$10,909$10,496$10,102$9,725$9,329
5 years$8,981$8,553$8,146$7,759$7,393$7,011
6 years$7,409$6,984$6,583$6,205$5,850$5,483
7 years$6,287$5,865$5,470$5,102$4,757$4,405
8 years$5,446$5,027$4,639$4,280$3,947$3,609
9 years$4,792$4,377$3,996$3,645$3,324$3,001
10 years$4,269$3,858$3,484$3,142$2,832$2,524
11 years$3,841$3,435$3,067$2,735$2,436$2,142
12 years$3,485$3,083$2,722$2,399$2,111$1,831
13 years$3,184$2,786$2,432$2,118$1,840$1,574
14 years$2,926$2,532$2,185$1,880$1,613$1,360
15 years$2,703$2,313$1,973$1,677$1,421$1,180
16 years$2,508$2,123$1,789$1,501$1,255$1,028
17 years$2,336$1,955$1,628$1,349$1,113$898
18 years$2,183$1,806$1,486$1,215$990$786
19 years$2,046$1,674$1,360$1,098$882$690
20 years$1,924$1,556$1,248$995$788$606
21 years$1,813$1,449$1,148$903$705$534
22 years$1,712$1,353$1,058$821$632$471
23 years$1,620$1,265$977$748$567$416
24 years$1,536$1,185$904$682$510$368
25 years$1,459$1,112$837$623$459$325
26 years$1,388$1,045$776$569$413$288
27 years$1,322$984$721$521$373$255
28 years$1,261$927$670$477$336$226
29 years$1,205$875$624$438$304$201
30 years$1,152$826$581$402$274$178
31 years$1,103$781$541$369$248$158
32 years$1,057$739$505$339$224$141
33 years$1,014$700$472$312$203$125
34 years$973$663$441$287$184$111
35 years$935$629$412$264$167$99
36 years$899$597$385$243$151$88
37 years$865$567$361$224$137$78
38 years$833$539$338$207$124$70
39 years$803$512$317$191$112$62
40 years$774$487$297$176$102$55
41 years$747$464$278$162$93$49
42 years$721$442$261$150$84$44
43 years$696$421$245$138$76$39
44 years$672$401$230$128$69$35
45 years$650$383$216$118$63$31
46 years$629$365$203$109$57$28
47 years$608$348$190$101$52$24
48 years$589$333$179$93$47$22
49 years$570$318$168$86$43$19
50 years$553$303$158$79$39$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $566,000, adding $3,823 every year, while hoping to spend $38,672 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: 65/11/24 Blend
62$566,000$566,000$566,000$566,000
63$627,675$597,677$588,904$664,327
64$650,552$585,817$567,486$677,627
65$674,465$572,079$544,054$687,463
66$699,481$556,331$518,500$697,332
67$725,669$538,433$490,711$707,243
68$753,106$518,234$460,568$717,202
69$781,874$495,579$427,949$727,220
70$812,063$470,300$392,723$737,311
71$843,770$442,222$354,756$747,490
72$877,101$411,157$313,906$757,776
73$912,170$376,909$270,027$768,193
74$949,103$339,269$222,965$778,768
75$988,036$298,017$172,558$789,534
76$1,029,117$252,921$118,640$800,528
77$1,072,507$203,735$61,035$811,795
78$1,118,384$150,199$0$823,385
79$1,166,939$92,039$0$835,471
80$1,218,383$28,965$0$864,695
81$1,272,945$0$0$895,539
82$1,330,877$0$0$932,907
83$1,392,452$0$0$976,371
84$1,457,972$0$0$1,022,640
85$1,527,765$0$0$1,071,948
86$1,602,191$0$0$1,124,554
87$1,681,644$0$0$1,180,739
88$1,766,556$0$0$1,240,811
89$1,857,400$0$0$1,305,109
90$1,954,697$0$0$1,374,004
91$2,059,014$0$0$1,447,903
92$2,170,978$0$0$1,527,253
93$2,291,273$0$0$1,612,544
94$2,420,652$0$0$1,704,314
95$2,559,941$0$0$1,803,155
96$2,710,048$0$0$1,909,715
97$2,871,970$0$0$2,024,707
98$3,046,800$0$0$2,148,915
99$3,235,742$0$0$2,283,199
100$3,440,119$0$0$2,428,505