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%14.7%
1 years$46,987$46,569$46,161$45,762$45,373$44,493
2 years$23,261$22,828$22,408$22,001$21,606$20,723
3 years$15,353$14,918$14,499$14,096$13,708$12,850
4 years$11,400$10,967$10,552$10,156$9,777$8,949
5 years$9,029$8,598$8,189$7,800$7,432$6,638
6 years$7,449$7,021$6,618$6,238$5,881$5,121
7 years$6,320$5,896$5,499$5,129$4,783$4,058
8 years$5,475$5,054$4,664$4,302$3,968$3,277
9 years$4,817$4,400$4,017$3,665$3,341$2,685
10 years$4,291$3,879$3,502$3,159$2,847$2,224
11 years$3,861$3,453$3,083$2,749$2,448$1,858
12 years$3,503$3,099$2,736$2,411$2,122$1,563
13 years$3,201$2,801$2,445$2,129$1,850$1,322
14 years$2,942$2,546$2,197$1,890$1,622$1,123
15 years$2,717$2,326$1,983$1,685$1,428$958
16 years$2,521$2,134$1,798$1,509$1,262$820
17 years$2,348$1,965$1,636$1,356$1,119$704
18 years$2,194$1,816$1,494$1,222$995$605
19 years$2,057$1,683$1,367$1,104$887$521
20 years$1,934$1,564$1,255$1,000$792$450
21 years$1,822$1,457$1,154$908$709$389
22 years$1,721$1,360$1,064$825$635$337
23 years$1,629$1,272$982$752$570$291
24 years$1,545$1,192$908$685$513$253
25 years$1,467$1,118$841$626$461$219
26 years$1,395$1,051$780$572$416$190
27 years$1,329$989$725$524$375$165
28 years$1,268$932$674$480$338$144
29 years$1,211$879$627$440$305$125
30 years$1,158$830$584$404$276$109
31 years$1,109$785$544$371$249$94
32 years$1,062$743$508$341$226$82
33 years$1,019$703$474$314$204$72
34 years$978$667$443$288$185$62
35 years$940$632$414$266$167$54
36 years$904$600$388$245$152$47
37 years$870$570$363$225$137$41
38 years$837$542$340$208$125$36
39 years$807$515$318$192$113$31
40 years$778$490$298$177$103$27
41 years$750$466$280$163$93$24
42 years$724$444$262$150$84$21
43 years$700$423$246$139$77$18
44 years$676$403$231$128$70$16
45 years$654$385$217$118$63$14
46 years$632$367$204$109$57$12
47 years$612$350$191$101$52$10
48 years$592$334$180$93$47$9
49 years$573$319$169$86$43$8
50 years$556$305$159$80$39$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $569,000, adding $5,348 every year, while hoping to spend $34,059 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: 78/7/15 Blend
62$569,000$569,000$569,000$569,000
63$632,554$602,397$593,578$679,486
64$660,837$595,676$577,224$704,443
65$690,862$587,485$559,181$726,953
66$722,772$577,714$539,356$750,695
67$756,723$566,250$517,653$775,778
68$792,884$552,971$493,969$802,324
69$831,441$537,749$468,200$830,467
70$872,598$520,449$440,235$860,356
71$916,577$500,926$409,957$892,153
72$963,625$479,028$377,247$926,039
73$1,014,008$454,594$341,979$962,213
74$1,068,022$427,454$304,020$1,000,897
75$1,125,988$397,427$263,232$1,042,331
76$1,188,261$364,323$219,473$1,086,785
77$1,255,230$327,941$172,592$1,134,555
78$1,327,321$288,068$122,431$1,185,968
79$1,405,003$244,479$68,828$1,241,386
80$1,488,791$196,936$11,612$1,301,206
81$1,579,251$145,189$0$1,365,869
82$1,677,004$88,972$0$1,443,775
83$1,782,732$28,006$0$1,530,044
84$1,897,187$0$0$1,623,440
85$2,021,194$0$0$1,727,576
86$2,155,660$0$0$1,842,850
87$2,301,583$0$0$1,967,963
88$2,460,061$0$0$2,103,857
89$2,632,300$0$0$2,251,569
90$2,819,630$0$0$2,412,242
91$3,023,510$0$0$2,587,130
92$3,245,549$0$0$2,777,616
93$3,487,515$0$0$2,985,218
94$3,751,356$0$0$3,211,611
95$4,039,214$0$0$3,458,636
96$4,353,449$0$0$3,728,320
97$4,696,655$0$0$4,022,894
98$5,071,692$0$0$4,344,815
99$5,481,707$0$0$4,696,787
100$5,930,162$0$0$5,081,787