Can I retire at age 63 with 575,000?

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 $575,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$47,483$47,060$46,647$46,245$45,851$45,129
2 years$23,506$23,069$22,644$22,233$21,834$21,108
3 years$15,515$15,076$14,652$14,245$13,852$13,145
4 years$11,520$11,082$10,663$10,263$9,880$9,197
5 years$9,124$8,689$8,275$7,883$7,510$6,854
6 years$7,527$7,095$6,687$6,304$5,943$5,314
7 years$6,387$5,958$5,557$5,183$4,833$4,232
8 years$5,532$5,107$4,713$4,348$4,009$3,435
9 years$4,868$4,447$4,059$3,703$3,377$2,830
10 years$4,336$3,920$3,539$3,192$2,877$2,357
11 years$3,902$3,489$3,116$2,778$2,474$1,980
12 years$3,540$3,132$2,765$2,437$2,144$1,675
13 years$3,234$2,830$2,470$2,151$1,870$1,426
14 years$2,973$2,573$2,220$1,910$1,639$1,219
15 years$2,746$2,350$2,004$1,703$1,443$1,046
16 years$2,547$2,156$1,817$1,525$1,275$901
17 years$2,373$1,986$1,653$1,370$1,131$778
18 years$2,218$1,835$1,509$1,235$1,006$674
19 years$2,079$1,701$1,382$1,116$896$584
20 years$1,954$1,580$1,268$1,011$801$508
21 years$1,842$1,472$1,166$917$716$442
22 years$1,739$1,374$1,075$834$642$385
23 years$1,646$1,285$993$759$576$336
24 years$1,561$1,204$918$693$518$293
25 years$1,482$1,130$850$633$466$256
26 years$1,410$1,062$789$578$420$224
27 years$1,343$999$732$529$379$196
28 years$1,282$942$681$485$342$171
29 years$1,224$888$633$445$308$150
30 years$1,170$839$590$408$279$132
31 years$1,120$793$550$375$252$115
32 years$1,074$751$513$345$228$101
33 years$1,030$711$479$317$206$89
34 years$989$674$448$292$187$78
35 years$950$639$419$268$169$68
36 years$913$606$392$247$153$60
37 years$879$576$367$228$139$53
38 years$846$547$343$210$126$46
39 years$815$521$322$194$114$41
40 years$786$495$301$179$104$36
41 years$758$471$283$165$94$31
42 years$732$449$265$152$85$27
43 years$707$428$249$140$77$24
44 years$683$408$234$130$70$21
45 years$660$389$219$120$64$19
46 years$639$371$206$111$58$16
47 years$618$354$193$102$53$14
48 years$598$338$182$94$48$13
49 years$579$323$171$87$43$11
50 years$561$308$161$81$39$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $575,000, adding $3,056 every year, while hoping to spend $44,715 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: 35/38/27 Blend
62$575,000$575,000$575,000$575,000
63$636,802$606,327$597,415$653,815
64$654,180$588,461$569,852$648,918
65$671,831$568,220$539,867$639,386
66$689,737$545,442$507,331$628,232
67$707,874$519,953$472,111$615,340
68$726,217$491,571$434,067$600,589
69$744,735$460,101$393,051$583,849
70$763,391$425,339$348,912$564,982
71$782,144$387,069$301,488$543,841
72$800,949$345,061$250,614$520,270
73$819,751$299,074$196,114$494,105
74$838,490$248,853$137,808$465,169
75$857,096$194,127$75,505$433,274
76$875,492$134,611$9,007$398,223
77$893,590$70,005$0$359,804
78$911,292$0$0$335,641
79$928,485$0$0$311,578
80$945,046$0$0$316,500
81$960,835$0$0$321,077
82$975,694$0$0$325,249
83$989,451$0$0$328,946
84$1,001,909$0$0$332,092
85$1,012,851$0$0$334,600
86$1,022,035$0$0$336,376
87$1,029,190$0$0$337,315
88$1,034,017$0$0$337,298
89$1,036,181$0$0$336,195
90$1,035,312$0$0$333,860
91$1,030,998$0$0$330,135
92$1,022,782$0$0$324,838
93$1,010,155$0$0$317,775
94$992,558$0$0$308,724
95$969,365$0$0$297,444
96$939,887$0$0$283,667
97$903,359$0$0$267,094
98$858,934$0$0$247,398
99$805,677$0$0$224,214
100$742,550$0$0$197,140