Can I retire at age 63 with 573,000?

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 $573,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$47,318$46,896$46,485$46,084$45,692$44,678
2 years$23,425$22,988$22,566$22,156$21,758$20,742
3 years$15,461$15,023$14,601$14,195$13,804$12,817
4 years$11,480$11,044$10,626$10,227$9,845$8,896
5 years$9,093$8,658$8,246$7,855$7,484$6,574
6 years$7,501$7,070$6,664$6,282$5,922$5,053
7 years$6,365$5,938$5,538$5,165$4,816$3,988
8 years$5,513$5,090$4,697$4,333$3,995$3,207
9 years$4,851$4,431$4,045$3,690$3,365$2,617
10 years$4,321$3,906$3,527$3,181$2,867$2,158
11 years$3,888$3,477$3,105$2,769$2,466$1,795
12 years$3,528$3,121$2,755$2,428$2,137$1,503
13 years$3,223$2,821$2,462$2,144$1,863$1,266
14 years$2,962$2,564$2,212$1,903$1,633$1,070
15 years$2,736$2,342$1,997$1,697$1,438$909
16 years$2,539$2,149$1,811$1,520$1,271$774
17 years$2,364$1,979$1,648$1,365$1,127$661
18 years$2,210$1,829$1,504$1,231$1,002$565
19 years$2,072$1,695$1,377$1,112$893$484
20 years$1,947$1,575$1,264$1,007$798$416
21 years$1,835$1,467$1,162$914$714$358
22 years$1,733$1,369$1,071$831$640$308
23 years$1,640$1,281$989$757$574$265
24 years$1,555$1,200$915$690$516$228
25 years$1,477$1,126$847$630$465$197
26 years$1,405$1,058$786$576$418$170
27 years$1,339$996$730$528$377$147
28 years$1,277$939$678$483$340$127
29 years$1,220$885$631$443$307$110
30 years$1,166$836$588$407$278$95
31 years$1,117$790$548$374$251$82
32 years$1,070$748$511$343$227$71
33 years$1,026$708$478$316$206$61
34 years$985$671$446$291$186$53
35 years$946$637$417$267$169$46
36 years$910$604$390$246$153$40
37 years$876$574$365$227$138$35
38 years$843$545$342$209$126$30
39 years$813$519$320$193$114$26
40 years$783$494$300$178$103$22
41 years$756$470$282$164$94$19
42 years$730$447$264$151$85$17
43 years$705$426$248$140$77$15
44 years$681$406$233$129$70$13
45 years$658$387$219$119$64$11
46 years$637$370$205$110$58$9
47 years$616$353$193$102$52$8
48 years$596$337$181$94$48$7
49 years$577$322$170$87$43$6
50 years$559$307$160$80$39$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $573,000, adding $2,955 every year, while hoping to spend $40,162 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: 63/9/28 Blend
62$573,000$573,000$573,000$573,000
63$634,494$604,125$595,244$669,553
64$656,480$590,995$572,452$680,555
65$679,363$575,876$547,551$687,914
66$703,192$558,627$520,428$695,088
67$728,019$539,101$490,963$702,066
68$753,900$517,141$459,034$708,837
69$780,898$492,581$424,512$715,391
70$809,078$465,246$387,261$721,718
71$838,511$434,950$347,142$727,808
72$869,274$401,496$304,005$733,655
73$901,449$364,679$257,699$739,251
74$935,126$324,278$208,061$744,593
75$970,404$280,062$154,926$749,677
76$1,007,386$231,786$98,117$754,503
77$1,046,187$179,192$37,452$759,073
78$1,086,932$122,006$0$763,392
79$1,129,754$59,940$0$775,622
80$1,174,802$0$0$800,095
81$1,222,233$0$0$826,412
82$1,272,221$0$0$860,420
83$1,324,956$0$0$896,312
84$1,380,643$0$0$934,232
85$1,439,508$0$0$974,334
86$1,501,795$0$0$1,016,788
87$1,567,772$0$0$1,061,779
88$1,637,732$0$0$1,109,510
89$1,711,994$0$0$1,160,200
90$1,790,908$0$0$1,214,094
91$1,874,857$0$0$1,271,454
92$1,964,258$0$0$1,332,571
93$2,059,571$0$0$1,397,762
94$2,161,297$0$0$1,467,375
95$2,269,986$0$0$1,541,790
96$2,386,240$0$0$1,621,424
97$2,510,721$0$0$1,706,736
98$2,644,153$0$0$1,798,227
99$2,787,332$0$0$1,896,449
100$2,941,129$0$0$2,002,006