Can I retire at age 63 with 571,000?

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 $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%16.7%
1 years$47,153$46,733$46,323$45,923$45,532$44,288
2 years$23,343$22,908$22,487$22,078$21,682$20,437
3 years$15,407$14,971$14,550$14,146$13,756$12,550
4 years$11,440$11,005$10,589$10,191$9,811$8,653
5 years$9,061$8,628$8,218$7,828$7,458$6,351
6 years$7,475$7,046$6,641$6,260$5,901$4,847
7 years$6,343$5,917$5,519$5,147$4,799$3,797
8 years$5,494$5,072$4,680$4,317$3,982$3,031
9 years$4,834$4,416$4,031$3,677$3,353$2,453
10 years$4,306$3,892$3,514$3,170$2,857$2,007
11 years$3,875$3,465$3,094$2,759$2,457$1,656
12 years$3,516$3,110$2,746$2,420$2,129$1,375
13 years$3,212$2,811$2,453$2,136$1,857$1,147
14 years$2,952$2,555$2,204$1,896$1,628$962
15 years$2,727$2,334$1,990$1,691$1,433$809
16 years$2,530$2,141$1,804$1,514$1,267$683
17 years$2,356$1,972$1,642$1,361$1,123$577
18 years$2,202$1,822$1,499$1,226$999$489
19 years$2,064$1,689$1,372$1,108$890$415
20 years$1,941$1,569$1,259$1,004$795$353
21 years$1,829$1,462$1,158$911$711$300
22 years$1,727$1,365$1,068$828$638$256
23 years$1,635$1,276$986$754$572$218
24 years$1,550$1,196$912$688$515$186
25 years$1,472$1,122$844$628$463$159
26 years$1,400$1,055$783$574$417$136
27 years$1,334$993$727$526$376$116
28 years$1,273$935$676$482$339$99
29 years$1,216$882$629$442$306$85
30 years$1,162$833$586$405$277$73
31 years$1,113$788$546$372$250$62
32 years$1,066$745$510$342$226$53
33 years$1,023$706$476$315$205$46
34 years$982$669$445$290$185$39
35 years$943$635$416$267$168$33
36 years$907$602$389$245$152$29
37 years$873$572$364$226$138$24
38 years$840$544$341$208$125$21
39 years$810$517$319$192$113$18
40 years$781$492$299$177$103$15
41 years$753$468$281$164$93$13
42 years$727$446$263$151$85$11
43 years$702$425$247$139$77$10
44 years$678$405$232$129$70$8
45 years$656$386$218$119$63$7
46 years$634$368$205$110$58$6
47 years$614$352$192$101$52$5
48 years$594$336$181$94$47$4
49 years$575$320$170$87$43$4
50 years$557$306$160$80$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $571,000, adding $3,167 every year, while hoping to spend $33,787 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: 39/49/12 Blend
62$571,000$571,000$571,000$571,000
63$632,509$602,246$593,395$654,771
64$661,076$595,807$577,325$664,405
65$691,424$587,920$559,584$671,271
66$723,699$578,478$540,080$677,950
67$758,062$567,369$518,719$684,440
68$794,687$554,473$495,398$690,744
69$833,766$539,663$470,015$696,866
70$875,509$522,805$442,459$702,813
71$920,145$503,757$412,616$708,597
72$967,928$482,368$380,366$714,235
73$1,019,132$458,481$345,584$719,748
74$1,074,063$431,925$308,141$725,165
75$1,133,053$402,525$267,898$730,519
76$1,196,466$370,091$224,715$735,854
77$1,264,705$334,424$178,442$741,221
78$1,338,209$295,316$128,925$746,683
79$1,417,463$252,543$76,000$752,314
80$1,502,998$205,871$19,499$758,200
81$1,595,397$155,052$0$764,444
82$1,695,302$99,824$0$776,386
83$1,803,419$39,911$0$791,945
84$1,920,522$0$0$808,805
85$2,047,464$0$0$840,642
86$2,185,182$0$0$898,592
87$2,334,707$0$0$961,577
88$2,497,173$0$0$1,030,084
89$2,673,826$0$0$1,104,647
90$2,866,039$0$0$1,185,854
91$3,075,322$0$0$1,274,353
92$3,303,335$0$0$1,370,857
93$3,551,907$0$0$1,476,149
94$3,823,050$0$0$1,591,094
95$4,118,978$0$0$1,716,640
96$4,442,129$0$0$1,853,835
97$4,795,186$0$0$2,003,830
98$5,181,104$0$0$2,167,893
99$5,603,135$0$0$2,347,420
100$6,064,860$0$0$2,543,949