Can I retire at age 63 with 566,000?

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 $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%12.3%
1 years$46,740$46,323$45,917$45,521$45,134$44,700
2 years$23,138$22,708$22,290$21,885$21,492$21,055
3 years$15,272$14,840$14,423$14,022$13,636$13,209
4 years$11,340$10,909$10,496$10,102$9,725$9,312
5 years$8,981$8,553$8,146$7,759$7,393$6,994
6 years$7,409$6,984$6,583$6,205$5,850$5,467
7 years$6,287$5,865$5,470$5,102$4,757$4,390
8 years$5,446$5,027$4,639$4,280$3,947$3,595
9 years$4,792$4,377$3,996$3,645$3,324$2,987
10 years$4,269$3,858$3,484$3,142$2,832$2,510
11 years$3,841$3,435$3,067$2,735$2,436$2,129
12 years$3,485$3,083$2,722$2,399$2,111$1,819
13 years$3,184$2,786$2,432$2,118$1,840$1,563
14 years$2,926$2,532$2,185$1,880$1,613$1,350
15 years$2,703$2,313$1,973$1,677$1,421$1,170
16 years$2,508$2,123$1,789$1,501$1,255$1,018
17 years$2,336$1,955$1,628$1,349$1,113$889
18 years$2,183$1,806$1,486$1,215$990$778
19 years$2,046$1,674$1,360$1,098$882$682
20 years$1,924$1,556$1,248$995$788$599
21 years$1,813$1,449$1,148$903$705$527
22 years$1,712$1,353$1,058$821$632$465
23 years$1,620$1,265$977$748$567$410
24 years$1,536$1,185$904$682$510$362
25 years$1,459$1,112$837$623$459$320
26 years$1,388$1,045$776$569$413$283
27 years$1,322$984$721$521$373$251
28 years$1,261$927$670$477$336$222
29 years$1,205$875$624$438$304$197
30 years$1,152$826$581$402$274$175
31 years$1,103$781$541$369$248$155
32 years$1,057$739$505$339$224$138
33 years$1,014$700$472$312$203$122
34 years$973$663$441$287$184$109
35 years$935$629$412$264$167$96
36 years$899$597$385$243$151$86
37 years$865$567$361$224$137$76
38 years$833$539$338$207$124$68
39 years$803$512$317$191$112$60
40 years$774$487$297$176$102$54
41 years$747$464$278$162$93$48
42 years$721$442$261$150$84$42
43 years$696$421$245$138$76$38
44 years$672$401$230$128$69$34
45 years$650$383$216$118$63$30
46 years$629$365$203$109$57$27
47 years$608$348$190$101$52$24
48 years$589$333$179$93$47$21
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 $6,185 every year, while hoping to spend $43,495 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: 76/16/8 Blend
62$566,000$566,000$566,000$566,000
63$630,112$600,114$591,341$676,785
64$648,105$583,241$564,872$691,470
65$666,475$564,084$536,060$701,386
66$685,216$542,484$504,778$711,003
67$704,317$518,275$470,897$720,273
68$723,767$491,280$434,281$729,145
69$743,550$461,311$394,789$737,563
70$763,649$428,172$352,271$745,469
71$784,042$391,653$306,572$752,795
72$804,704$351,534$257,532$759,471
73$825,605$307,580$204,981$765,419
74$846,710$259,546$148,741$770,553
75$867,981$207,170$88,631$774,782
76$889,371$150,177$24,455$778,005
77$910,827$88,276$0$780,113
78$932,291$21,161$0$784,747
79$953,693$0$0$790,489
80$974,957$0$0$804,196
81$995,996$0$0$821,427
82$1,016,711$0$0$838,375
83$1,036,991$0$0$854,946
84$1,056,712$0$0$871,035
85$1,075,733$0$0$886,526
86$1,093,899$0$0$901,286
87$1,111,034$0$0$915,168
88$1,126,941$0$0$928,007
89$1,141,402$0$0$939,620
90$1,154,173$0$0$949,802
91$1,164,982$0$0$958,324
92$1,173,525$0$0$964,932
93$1,179,466$0$0$969,343
94$1,182,429$0$0$971,242
95$1,181,998$0$0$970,281
96$1,177,711$0$0$966,070
97$1,169,053$0$0$958,180
98$1,155,455$0$0$946,133
99$1,136,286$0$0$929,399
100$1,110,846$0$0$907,391