Can I retire at age 63 with 576,000?

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 $576,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$47,566$47,142$46,728$46,325$45,931$44,249
2 years$23,547$23,109$22,684$22,272$21,872$20,196
3 years$15,542$15,102$14,678$14,270$13,876$12,259
4 years$11,541$11,101$10,682$10,280$9,897$8,351
5 years$9,140$8,704$8,289$7,896$7,523$6,052
6 years$7,540$7,107$6,699$6,315$5,953$4,558
7 years$6,398$5,969$5,567$5,192$4,841$3,523
8 years$5,542$5,116$4,721$4,355$4,016$2,772
9 years$4,876$4,455$4,066$3,710$3,382$2,211
10 years$4,344$3,926$3,545$3,198$2,882$1,782
11 years$3,909$3,496$3,121$2,783$2,479$1,447
12 years$3,546$3,137$2,770$2,441$2,148$1,183
13 years$3,240$2,835$2,475$2,155$1,873$971
14 years$2,978$2,577$2,224$1,913$1,642$801
15 years$2,750$2,354$2,008$1,706$1,446$662
16 years$2,552$2,160$1,820$1,528$1,278$549
17 years$2,377$1,989$1,656$1,373$1,133$456
18 years$2,221$1,838$1,512$1,237$1,007$380
19 years$2,083$1,704$1,384$1,118$898$317
20 years$1,958$1,583$1,270$1,012$802$264
21 years$1,845$1,475$1,168$919$718$221
22 years$1,742$1,376$1,077$835$643$185
23 years$1,649$1,287$994$761$577$154
24 years$1,564$1,206$920$694$519$129
25 years$1,485$1,132$852$634$467$108
26 years$1,413$1,064$790$579$421$91
27 years$1,346$1,001$734$530$379$76
28 years$1,284$943$682$486$342$64
29 years$1,226$890$635$446$309$53
30 years$1,172$841$591$409$279$45
31 years$1,122$795$551$376$252$38
32 years$1,075$752$514$345$228$32
33 years$1,032$712$480$317$207$26
34 years$990$675$449$292$187$22
35 years$951$640$419$269$169$19
36 years$915$608$392$248$154$16
37 years$880$577$367$228$139$13
38 years$848$548$344$210$126$11
39 years$817$521$322$194$114$9
40 years$787$496$302$179$104$8
41 years$760$472$283$165$94$7
42 years$733$450$266$152$85$5
43 years$708$429$249$141$78$5
44 years$684$408$234$130$70$4
45 years$662$390$220$120$64$3
46 years$640$372$206$111$58$3
47 years$619$355$194$102$53$2
48 years$599$339$182$95$48$2
49 years$580$323$171$87$43$2
50 years$562$309$161$81$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $576,000, adding $5,074 every year, while hoping to spend $39,993 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: 37/48/15 Blend
62$576,000$576,000$576,000$576,000
63$639,986$609,458$600,530$660,572
64$662,712$596,769$578,095$663,139
65$686,416$582,118$553,569$661,714
66$711,155$565,367$526,838$659,314
67$736,992$546,368$497,786$655,873
68$763,992$524,968$466,289$651,322
69$792,230$501,001$432,220$645,586
70$821,782$474,295$395,444$638,592
71$852,734$444,666$355,822$630,258
72$885,178$411,919$313,207$620,502
73$919,213$375,850$267,446$609,238
74$954,948$336,242$218,381$596,376
75$992,499$292,865$165,844$581,822
76$1,031,996$245,477$109,661$565,481
77$1,073,577$193,823$49,652$547,253
78$1,117,393$137,631$0$527,032
79$1,163,609$76,617$0$507,015
80$1,212,405$10,479$0$493,420
81$1,263,976$0$0$478,210
82$1,318,537$0$0$493,577
83$1,376,320$0$0$515,750
84$1,437,581$0$0$539,297
85$1,502,598$0$0$564,331
86$1,571,676$0$0$590,974
87$1,645,148$0$0$619,361
88$1,723,378$0$0$649,639
89$1,806,767$0$0$681,969
90$1,895,750$0$0$716,527
91$1,990,808$0$0$753,508
92$2,092,465$0$0$793,124
93$2,201,297$0$0$835,607
94$2,317,935$0$0$881,213
95$2,443,071$0$0$930,223
96$2,577,466$0$0$982,945
97$2,721,952$0$0$1,039,716
98$2,877,446$0$0$1,100,908
99$3,044,953$0$0$1,166,928
100$3,225,576$0$0$1,238,225