Can I retire at age 63 with 570,000?

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 $570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$47,070$46,651$46,242$45,842$45,453$44,086
2 years$23,302$22,868$22,447$22,040$21,644$20,279
3 years$15,380$14,945$14,525$14,121$13,732$12,411
4 years$11,420$10,986$10,570$10,173$9,794$8,527
5 years$9,045$8,613$8,203$7,814$7,445$6,236
6 years$7,462$7,033$6,629$6,249$5,891$4,740
7 years$6,331$5,906$5,509$5,138$4,791$3,699
8 years$5,484$5,063$4,672$4,310$3,975$2,941
9 years$4,825$4,408$4,024$3,671$3,347$2,370
10 years$4,299$3,886$3,508$3,164$2,852$1,930
11 years$3,868$3,459$3,089$2,754$2,453$1,585
12 years$3,510$3,105$2,741$2,416$2,126$1,310
13 years$3,206$2,806$2,449$2,133$1,853$1,088
14 years$2,947$2,550$2,200$1,893$1,625$908
15 years$2,722$2,330$1,987$1,688$1,431$760
16 years$2,525$2,138$1,801$1,512$1,264$638
17 years$2,352$1,969$1,639$1,358$1,121$537
18 years$2,198$1,819$1,496$1,224$997$453
19 years$2,061$1,686$1,370$1,106$888$382
20 years$1,937$1,567$1,257$1,002$794$323
21 years$1,826$1,459$1,156$909$710$274
22 years$1,724$1,362$1,066$827$637$232
23 years$1,632$1,274$984$753$571$197
24 years$1,547$1,194$910$687$514$167
25 years$1,470$1,120$843$627$462$142
26 years$1,398$1,053$782$573$416$120
27 years$1,332$991$726$525$375$102
28 years$1,270$934$675$481$339$87
29 years$1,213$881$628$441$306$74
30 years$1,160$832$585$405$276$63
31 years$1,111$786$545$372$250$53
32 years$1,064$744$509$342$226$46
33 years$1,021$705$475$314$205$39
34 years$980$668$444$289$185$33
35 years$942$633$415$266$168$28
36 years$905$601$388$245$152$24
37 years$871$571$363$226$138$20
38 years$839$543$340$208$125$17
39 years$808$516$319$192$113$15
40 years$779$491$299$177$103$13
41 years$752$467$280$163$93$11
42 years$726$445$263$151$85$9
43 years$701$424$247$139$77$8
44 years$677$404$231$128$70$7
45 years$655$385$217$119$63$6
46 years$633$368$204$110$57$5
47 years$613$351$192$101$52$4
48 years$593$335$180$94$47$3
49 years$574$320$169$86$43$3
50 years$557$306$159$80$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $570,000, adding $6,212 every year, while hoping to spend $26,741 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: 60/35/5 Blend
62$570,000$570,000$570,000$570,000
63$634,548$604,338$595,503$671,705
64$670,819$605,498$587,000$698,464
65$709,894$605,819$577,316$723,990
66$752,031$605,231$566,383$751,144
67$797,511$603,661$554,130$780,082
68$846,647$601,030$540,483$810,979
69$899,781$597,256$525,365$844,024
70$957,287$592,250$508,693$879,432
71$1,019,579$585,919$490,384$917,436
72$1,087,112$578,165$470,347$958,295
73$1,160,384$568,882$448,490$1,002,297
74$1,239,945$557,959$424,717$1,049,759
75$1,326,400$545,279$398,925$1,101,032
76$1,420,412$530,717$371,008$1,156,504
77$1,522,713$514,141$340,856$1,216,606
78$1,634,107$495,412$308,352$1,281,811
79$1,755,480$474,381$273,376$1,352,645
80$1,887,806$450,893$235,801$1,429,687
81$2,032,157$424,781$195,496$1,513,581
82$2,189,714$395,872$152,321$1,605,033
83$2,361,774$363,980$106,134$1,704,829
84$2,549,770$328,909$56,784$1,813,835
85$2,755,275$290,454$4,114$1,933,007
86$2,980,021$248,395$0$2,063,404
87$3,225,919$202,502$0$2,208,973
88$3,495,070$152,532$0$2,368,640
89$3,789,787$98,226$0$2,543,623
90$4,112,620$39,313$0$2,735,505
91$4,466,374$0$0$2,946,037
92$4,854,140$0$0$3,186,585
93$5,279,322$0$0$3,466,992
94$5,745,670$0$0$3,774,595
95$6,257,314$0$0$4,112,124
96$6,818,800$0$0$4,482,585
97$7,435,140$0$0$4,889,290
98$8,111,853$0$0$5,335,887
99$8,855,018$0$0$5,826,396
100$9,671,332$0$0$6,365,244