Can I retire at age 63 with 567,000?

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 $567,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$46,822$46,405$45,998$45,601$45,213$43,731
2 years$23,179$22,748$22,329$21,924$21,530$20,051
3 years$15,299$14,866$14,449$14,047$13,660$12,230
4 years$11,360$10,928$10,515$10,120$9,742$8,373
5 years$8,997$8,568$8,160$7,773$7,406$6,101
6 years$7,423$6,996$6,594$6,216$5,860$4,620
7 years$6,298$5,875$5,480$5,111$4,766$3,591
8 years$5,455$5,036$4,647$4,287$3,954$2,843
9 years$4,800$4,385$4,003$3,652$3,330$2,281
10 years$4,276$3,865$3,490$3,148$2,837$1,850
11 years$3,848$3,441$3,072$2,740$2,440$1,512
12 years$3,491$3,088$2,727$2,403$2,114$1,244
13 years$3,189$2,791$2,436$2,121$1,844$1,029
14 years$2,931$2,537$2,189$1,883$1,616$854
15 years$2,708$2,318$1,976$1,679$1,423$711
16 years$2,512$2,126$1,792$1,504$1,258$594
17 years$2,340$1,958$1,630$1,351$1,115$497
18 years$2,187$1,809$1,488$1,218$992$417
19 years$2,050$1,677$1,363$1,100$884$350
20 years$1,927$1,558$1,250$996$789$295
21 years$1,816$1,452$1,150$904$706$248
22 years$1,715$1,355$1,060$822$633$209
23 years$1,623$1,267$979$749$568$176
24 years$1,539$1,187$905$683$511$149
25 years$1,462$1,114$838$624$460$126
26 years$1,391$1,047$778$570$414$106
27 years$1,325$986$722$522$373$90
28 years$1,264$929$671$478$337$76
29 years$1,207$876$625$439$304$64
30 years$1,154$827$582$403$275$54
31 years$1,105$782$542$370$249$46
32 years$1,059$740$506$340$225$39
33 years$1,015$701$473$312$203$33
34 years$975$664$442$287$184$28
35 years$937$630$413$265$167$23
36 years$901$598$386$244$151$20
37 years$867$568$361$225$137$17
38 years$834$540$338$207$124$14
39 years$804$513$317$191$113$12
40 years$775$488$297$176$102$10
41 years$748$465$279$162$93$9
42 years$722$443$261$150$84$7
43 years$697$422$245$138$76$6
44 years$674$402$230$128$69$5
45 years$651$383$216$118$63$4
46 years$630$366$203$109$57$4
47 years$610$349$191$101$52$3
48 years$590$333$179$93$47$3
49 years$571$318$169$86$43$2
50 years$554$304$158$79$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $567,000, adding $2,776 every year, while hoping to spend $45,314 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: 74/7/19 Blend
62$567,000$567,000$567,000$567,000
63$627,697$597,646$588,858$671,147
64$643,509$578,717$560,371$681,412
65$659,414$557,342$529,411$686,863
66$675,375$533,353$495,847$691,661
67$691,349$506,572$459,543$695,729
68$707,285$476,812$420,356$698,986
69$723,126$443,875$378,137$701,343
70$738,811$407,550$332,730$702,701
71$754,266$367,616$283,972$702,953
72$769,410$323,839$231,694$701,984
73$784,152$275,969$175,719$699,665
74$798,391$223,747$115,860$695,859
75$812,010$166,894$51,926$690,413
76$824,883$105,120$0$683,162
77$836,866$38,115$0$677,230
78$847,797$0$0$680,564
79$857,499$0$0$685,107
80$865,773$0$0$691,408
81$872,396$0$0$696,348
82$877,121$0$0$699,727
83$879,674$0$0$701,319
84$879,749$0$0$700,876
85$877,009$0$0$698,120
86$871,076$0$0$692,744
87$861,533$0$0$684,407
88$847,917$0$0$672,732
89$829,715$0$0$657,299
90$806,359$0$0$637,644
91$777,219$0$0$613,253
92$741,599$0$0$583,558
93$698,725$0$0$547,928
94$647,745$0$0$505,666
95$587,715$0$0$456,002
96$517,589$0$0$398,082
97$436,213$0$0$330,966
98$342,310$0$0$253,610
99$234,470$0$0$164,864
100$111,133$0$0$63,456