Can I retire at age 63 with 569,000?

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 $569,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$46,987$46,569$46,161$45,762$45,373$44,880
2 years$23,261$22,828$22,408$22,001$21,606$21,110
3 years$15,353$14,918$14,499$14,096$13,708$13,224
4 years$11,400$10,967$10,552$10,156$9,777$9,308
5 years$9,029$8,598$8,189$7,800$7,432$6,981
6 years$7,449$7,021$6,618$6,238$5,881$5,447
7 years$6,320$5,896$5,499$5,129$4,783$4,367
8 years$5,475$5,054$4,664$4,302$3,968$3,570
9 years$4,817$4,400$4,017$3,665$3,341$2,961
10 years$4,291$3,879$3,502$3,159$2,847$2,484
11 years$3,861$3,453$3,083$2,749$2,448$2,103
12 years$3,503$3,099$2,736$2,411$2,122$1,793
13 years$3,201$2,801$2,445$2,129$1,850$1,538
14 years$2,942$2,546$2,197$1,890$1,622$1,325
15 years$2,717$2,326$1,983$1,685$1,428$1,147
16 years$2,521$2,134$1,798$1,509$1,262$996
17 years$2,348$1,965$1,636$1,356$1,119$867
18 years$2,194$1,816$1,494$1,222$995$757
19 years$2,057$1,683$1,367$1,104$887$663
20 years$1,934$1,564$1,255$1,000$792$581
21 years$1,822$1,457$1,154$908$709$510
22 years$1,721$1,360$1,064$825$635$448
23 years$1,629$1,272$982$752$570$395
24 years$1,545$1,192$908$685$513$348
25 years$1,467$1,118$841$626$461$307
26 years$1,395$1,051$780$572$416$271
27 years$1,329$989$725$524$375$239
28 years$1,268$932$674$480$338$211
29 years$1,211$879$627$440$305$187
30 years$1,158$830$584$404$276$166
31 years$1,109$785$544$371$249$147
32 years$1,062$743$508$341$226$130
33 years$1,019$703$474$314$204$115
34 years$978$667$443$288$185$102
35 years$940$632$414$266$167$90
36 years$904$600$388$245$152$80
37 years$870$570$363$225$137$71
38 years$837$542$340$208$125$63
39 years$807$515$318$192$113$56
40 years$778$490$298$177$103$50
41 years$750$466$280$163$93$44
42 years$724$444$262$150$84$39
43 years$700$423$246$139$77$35
44 years$676$403$231$128$70$31
45 years$654$385$217$118$63$27
46 years$632$367$204$109$57$24
47 years$612$350$191$101$52$21
48 years$592$334$180$93$47$19
49 years$573$319$169$86$43$17
50 years$556$305$159$80$39$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $569,000, adding $6,688 every year, while hoping to spend $34,316 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: 50/22/28 Blend
62$569,000$569,000$569,000$569,000
63$633,937$603,780$594,960$660,318
64$662,086$596,853$578,379$672,521
65$691,957$588,437$560,093$681,827
66$723,688$578,422$540,008$691,272
67$757,432$566,692$518,026$700,884
68$793,356$553,126$494,045$710,698
69$831,642$537,592$467,959$720,752
70$872,490$519,955$439,656$731,094
71$916,119$500,068$409,020$741,777
72$962,769$477,777$375,928$752,863
73$1,012,703$452,920$340,254$764,422
74$1,066,211$425,325$301,864$776,535
75$1,123,608$394,809$260,620$789,295
76$1,185,241$361,181$216,376$802,806
77$1,251,493$324,235$168,982$817,188
78$1,322,781$283,759$118,278$832,576
79$1,399,565$239,523$64,101$849,124
80$1,482,349$191,288$6,277$867,004
81$1,571,688$138,801$0$886,411
82$1,668,191$81,793$0$924,125
83$1,772,528$19,982$0$966,912
84$1,885,434$0$0$1,013,228
85$2,007,717$0$0$1,074,808
86$2,140,268$0$0$1,146,853
87$2,284,063$0$0$1,225,063
88$2,440,178$0$0$1,310,028
89$2,609,795$0$0$1,402,400
90$2,794,217$0$0$1,502,895
91$2,994,873$0$0$1,612,300
92$3,213,339$0$0$1,731,482
93$3,451,348$0$0$1,861,394
94$3,710,807$0$0$2,003,087
95$3,993,814$0$0$2,157,714
96$4,302,680$0$0$2,326,549
97$4,639,947$0$0$2,510,990
98$5,008,415$0$0$2,712,578
99$5,411,165$0$0$2,933,011
100$5,851,591$0$0$3,174,157