Can I retire at age 63 with 571,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$47,153$46,733$46,323$45,923$45,532$44,870
2 years$23,343$22,908$22,487$22,078$21,682$21,017
3 years$15,407$14,971$14,550$14,146$13,756$13,108
4 years$11,440$11,005$10,589$10,191$9,811$9,185
5 years$9,061$8,628$8,218$7,828$7,458$6,856
6 years$7,475$7,046$6,641$6,260$5,901$5,324
7 years$6,343$5,917$5,519$5,147$4,799$4,247
8 years$5,494$5,072$4,680$4,317$3,982$3,454
9 years$4,834$4,416$4,031$3,677$3,353$2,850
10 years$4,306$3,892$3,514$3,170$2,857$2,378
11 years$3,875$3,465$3,094$2,759$2,457$2,001
12 years$3,516$3,110$2,746$2,420$2,129$1,697
13 years$3,212$2,811$2,453$2,136$1,857$1,447
14 years$2,952$2,555$2,204$1,896$1,628$1,239
15 years$2,727$2,334$1,990$1,691$1,433$1,066
16 years$2,530$2,141$1,804$1,514$1,267$920
17 years$2,356$1,972$1,642$1,361$1,123$796
18 years$2,202$1,822$1,499$1,226$999$691
19 years$2,064$1,689$1,372$1,108$890$600
20 years$1,941$1,569$1,259$1,004$795$523
21 years$1,829$1,462$1,158$911$711$456
22 years$1,727$1,365$1,068$828$638$398
23 years$1,635$1,276$986$754$572$348
24 years$1,550$1,196$912$688$515$305
25 years$1,472$1,122$844$628$463$267
26 years$1,400$1,055$783$574$417$234
27 years$1,334$993$727$526$376$205
28 years$1,273$935$676$482$339$180
29 years$1,216$882$629$442$306$158
30 years$1,162$833$586$405$277$139
31 years$1,113$788$546$372$250$122
32 years$1,066$745$510$342$226$107
33 years$1,023$706$476$315$205$94
34 years$982$669$445$290$185$83
35 years$943$635$416$267$168$73
36 years$907$602$389$245$152$64
37 years$873$572$364$226$138$56
38 years$840$544$341$208$125$50
39 years$810$517$319$192$113$44
40 years$781$492$299$177$103$38
41 years$753$468$281$164$93$34
42 years$727$446$263$151$85$30
43 years$702$425$247$139$77$26
44 years$678$405$232$129$70$23
45 years$656$386$218$119$63$20
46 years$634$368$205$110$58$18
47 years$614$352$192$101$52$16
48 years$594$336$181$94$47$14
49 years$575$320$170$87$43$12
50 years$557$306$160$80$39$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $571,000, adding $2,764 every year, while hoping to spend $22,092 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: 46/30/24 Blend
62$571,000$571,000$571,000$571,000
63$632,093$601,830$592,980$656,701
64$673,061$607,814$589,339$680,284
65$717,467$613,351$584,835$703,471
66$765,639$618,395$579,417$728,187
67$817,936$622,899$573,030$754,586
68$874,755$626,810$565,616$782,837
69$936,532$630,076$557,116$813,131
70$1,003,745$632,636$547,466$845,675
71$1,076,922$634,430$536,601$880,701
72$1,156,643$635,392$524,452$918,467
73$1,243,546$635,452$510,948$959,255
74$1,338,335$634,537$496,011$1,003,381
75$1,441,783$632,567$479,565$1,051,192
76$1,554,741$629,459$461,527$1,103,073
77$1,678,146$625,124$441,810$1,159,449
78$1,813,031$619,469$420,324$1,220,793
79$1,960,530$612,393$396,976$1,287,625
80$2,121,896$603,792$371,666$1,360,523
81$2,298,505$593,553$344,292$1,440,122
82$2,491,874$581,559$314,747$1,527,129
83$2,703,672$567,682$282,918$1,622,322
84$2,935,739$551,791$248,688$1,726,562
85$3,190,099$533,744$211,935$1,840,803
86$3,468,985$513,393$172,530$1,966,096
87$3,774,852$490,579$130,340$2,103,604
88$4,110,406$465,137$85,226$2,254,612
89$4,478,628$436,890$37,042$2,420,539
90$4,882,801$405,650$0$2,602,952
91$5,326,542$371,222$0$2,807,267
92$5,813,833$333,396$0$3,042,076
93$6,349,063$291,951$0$3,300,037
94$6,937,067$246,656$0$3,583,529
95$7,583,170$197,265$0$3,895,173
96$8,293,239$143,516$0$4,237,861
97$9,073,737$85,136$0$4,614,783
98$9,931,786$21,835$0$5,029,457
99$10,875,230$0$0$5,485,763
100$11,912,713$0$0$6,003,394