Can I retire at age 63 with 574,000?

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 $574,000?

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$47,400$46,978$46,566$46,164$45,772$44,395
2 years$23,466$23,029$22,605$22,194$21,796$20,421
3 years$15,488$15,049$14,627$14,220$13,828$12,498
4 years$11,500$11,063$10,645$10,245$9,862$8,586
5 years$9,108$8,673$8,261$7,869$7,497$6,279
6 years$7,514$7,083$6,676$6,293$5,932$4,774
7 years$6,376$5,948$5,548$5,174$4,825$3,725
8 years$5,523$5,098$4,705$4,340$4,002$2,961
9 years$4,859$4,439$4,052$3,697$3,371$2,387
10 years$4,329$3,913$3,533$3,187$2,872$1,944
11 years$3,895$3,483$3,110$2,773$2,470$1,596
12 years$3,534$3,126$2,760$2,433$2,140$1,319
13 years$3,229$2,825$2,466$2,148$1,866$1,096
14 years$2,967$2,568$2,216$1,906$1,636$914
15 years$2,741$2,346$2,001$1,700$1,441$765
16 years$2,543$2,153$1,814$1,522$1,273$643
17 years$2,369$1,982$1,651$1,368$1,129$541
18 years$2,214$1,832$1,507$1,233$1,004$456
19 years$2,075$1,698$1,379$1,114$895$385
20 years$1,951$1,578$1,266$1,009$799$325
21 years$1,838$1,469$1,164$916$715$275
22 years$1,736$1,372$1,073$832$641$233
23 years$1,643$1,283$991$758$575$198
24 years$1,558$1,202$916$691$517$168
25 years$1,480$1,128$849$631$465$143
26 years$1,408$1,060$787$577$419$121
27 years$1,341$998$731$528$378$103
28 years$1,279$940$680$484$341$88
29 years$1,222$887$632$444$308$74
30 years$1,168$838$589$408$278$63
31 years$1,118$792$549$374$252$54
32 years$1,072$749$512$344$228$46
33 years$1,028$710$478$316$206$39
34 years$987$672$447$291$186$33
35 years$948$638$418$268$169$28
36 years$912$605$391$247$153$24
37 years$877$575$366$227$139$20
38 years$845$546$343$210$126$17
39 years$814$520$321$193$114$15
40 years$785$494$301$178$103$13
41 years$757$471$282$164$94$11
42 years$731$448$265$152$85$9
43 years$706$427$248$140$77$8
44 years$682$407$233$129$70$7
45 years$659$388$219$119$64$6
46 years$638$370$206$110$58$5
47 years$617$353$193$102$52$4
48 years$597$337$181$94$48$3
49 years$578$322$171$87$43$3
50 years$560$308$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 $574,000, adding $6,736 every year, while hoping to spend $23,231 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: 46/45/9 Blend
62$574,000$574,000$574,000$574,000
63$639,496$609,074$600,177$667,012
64$680,007$614,201$595,566$691,819
65$723,872$618,801$590,021$715,766
66$771,407$622,823$583,487$741,211
67$822,963$626,213$575,906$768,301
68$878,923$628,915$567,217$797,197
69$939,709$630,869$557,355$828,079
70$1,005,787$632,008$546,253$861,146
71$1,077,666$632,266$533,842$896,618
72$1,155,910$631,569$520,047$934,738
73$1,241,137$629,839$504,793$975,778
74$1,334,027$626,996$487,998$1,020,036
75$1,435,331$622,952$469,579$1,067,843
76$1,545,873$617,614$449,448$1,119,566
77$1,666,560$610,886$427,512$1,175,609
78$1,798,392$602,662$403,677$1,236,422
79$1,942,469$592,833$377,841$1,302,501
80$2,100,002$581,283$349,900$1,374,396
81$2,272,324$567,888$319,744$1,452,714
82$2,460,904$552,518$287,258$1,538,127
83$2,667,359$535,034$252,324$1,631,378
84$2,893,469$515,289$214,815$1,733,289
85$3,141,193$493,130$174,603$1,844,769
86$3,412,693$468,391$131,550$1,966,822
87$3,710,345$440,899$85,514$2,100,560
88$4,036,768$410,471$36,347$2,247,208
89$4,394,848$376,914$0$2,408,124
90$4,787,761$340,021$0$2,586,355
91$5,219,007$299,577$0$2,785,834
92$5,692,442$255,352$0$3,004,913
93$6,212,312$207,105$0$3,245,631
94$6,783,294$154,580$0$3,510,239
95$7,410,543$97,507$0$3,801,221
96$8,099,734$35,600$0$4,121,320
97$8,857,122$0$0$4,473,565
98$9,689,597$0$0$4,876,866
99$10,604,750$0$0$5,339,673
100$11,610,943$0$0$5,848,596