Can I retire at age 63 with 572,000?

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 $572,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$47,235$46,814$46,404$46,003$45,612$44,099
2 years$23,384$22,948$22,526$22,117$21,720$20,210
3 years$15,434$14,997$14,576$14,171$13,780$12,321
4 years$11,460$11,024$10,608$10,209$9,828$8,431
5 years$9,077$8,643$8,232$7,842$7,471$6,140
6 years$7,488$7,058$6,653$6,271$5,912$4,647
7 years$6,354$5,927$5,528$5,156$4,808$3,610
8 years$5,503$5,081$4,688$4,325$3,989$2,856
9 years$4,842$4,424$4,038$3,684$3,359$2,291
10 years$4,314$3,899$3,521$3,176$2,862$1,856
11 years$3,882$3,471$3,099$2,764$2,461$1,517
12 years$3,522$3,116$2,751$2,424$2,133$1,247
13 years$3,218$2,816$2,458$2,140$1,860$1,030
14 years$2,957$2,559$2,208$1,900$1,630$855
15 years$2,731$2,338$1,994$1,694$1,436$711
16 years$2,534$2,145$1,808$1,517$1,269$594
17 years$2,360$1,976$1,645$1,363$1,125$497
18 years$2,206$1,825$1,501$1,228$1,000$416
19 years$2,068$1,692$1,375$1,110$892$349
20 years$1,944$1,572$1,261$1,005$796$294
21 years$1,832$1,464$1,160$912$713$247
22 years$1,730$1,367$1,069$830$639$208
23 years$1,638$1,278$987$755$573$175
24 years$1,553$1,198$913$689$515$148
25 years$1,475$1,124$846$629$464$125
26 years$1,403$1,056$784$575$418$105
27 years$1,336$994$728$527$377$89
28 years$1,275$937$677$483$340$75
29 years$1,218$884$630$442$307$63
30 years$1,164$835$587$406$277$54
31 years$1,115$789$547$373$251$45
32 years$1,068$747$511$343$227$38
33 years$1,024$707$477$315$205$32
34 years$983$670$445$290$186$27
35 years$945$636$416$267$168$23
36 years$908$603$390$246$152$20
37 years$874$573$365$227$138$17
38 years$842$545$341$209$125$14
39 years$811$518$320$193$114$12
40 years$782$493$300$178$103$10
41 years$754$469$281$164$93$8
42 years$728$447$264$151$85$7
43 years$703$426$247$140$77$6
44 years$680$406$232$129$70$5
45 years$657$387$218$119$63$4
46 years$635$369$205$110$58$4
47 years$615$352$192$102$52$3
48 years$595$336$181$94$48$3
49 years$576$321$170$87$43$2
50 years$558$307$160$80$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $572,000, adding $2,395 every year, while hoping to spend $45,917 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: 45/44/11 Blend
62$572,000$572,000$572,000$572,000
63$632,814$602,498$593,632$659,213
64$648,506$583,166$564,664$658,430
65$664,260$561,346$533,186$652,702
66$680,032$536,871$499,066$645,461
67$695,776$509,558$462,165$636,583
68$711,438$479,218$422,340$625,939
69$726,954$445,650$379,438$613,386
70$742,256$408,639$333,302$598,774
71$757,265$367,961$283,766$581,942
72$771,893$323,378$230,659$562,717
73$786,040$274,638$173,801$540,913
74$799,596$221,476$113,003$516,331
75$812,437$163,610$48,070$488,757
76$824,422$100,743$0$457,963
77$835,397$32,564$0$426,193
78$845,189$0$0$396,877
79$853,603$0$0$384,085
80$860,425$0$0$386,233
81$865,416$0$0$387,434
82$868,308$0$0$387,553
83$868,805$0$0$386,444
84$866,579$0$0$383,942
85$861,264$0$0$379,864
86$852,456$0$0$374,008
87$839,704$0$0$366,150
88$822,512$0$0$356,040
89$800,325$0$0$343,405
90$772,535$0$0$327,939
91$738,463$0$0$309,306
92$697,360$0$0$287,130
93$648,397$0$0$261,001
94$590,657$0$0$230,461
95$523,125$0$0$195,005
96$444,680$0$0$154,075
97$354,082$0$0$107,054
98$249,961$0$0$53,261
99$130,801$0$0$0
100$0$0$0$0