Can I retire at age 63 with 576,000?

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 $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%14.1%
1 years$47,566$47,142$46,728$46,325$45,931$45,152
2 years$23,547$23,109$22,684$22,272$21,872$21,089
3 years$15,542$15,102$14,678$14,270$13,876$13,114
4 years$11,541$11,101$10,682$10,280$9,897$9,162
5 years$9,140$8,704$8,289$7,896$7,523$6,817
6 years$7,540$7,107$6,699$6,315$5,953$5,277
7 years$6,398$5,969$5,567$5,192$4,841$4,195
8 years$5,542$5,116$4,721$4,355$4,016$3,400
9 years$4,876$4,455$4,066$3,710$3,382$2,795
10 years$4,344$3,926$3,545$3,198$2,882$2,324
11 years$3,909$3,496$3,121$2,783$2,479$1,949
12 years$3,546$3,137$2,770$2,441$2,148$1,646
13 years$3,240$2,835$2,475$2,155$1,873$1,398
14 years$2,978$2,577$2,224$1,913$1,642$1,192
15 years$2,750$2,354$2,008$1,706$1,446$1,021
16 years$2,552$2,160$1,820$1,528$1,278$878
17 years$2,377$1,989$1,656$1,373$1,133$756
18 years$2,221$1,838$1,512$1,237$1,007$653
19 years$2,083$1,704$1,384$1,118$898$565
20 years$1,958$1,583$1,270$1,012$802$490
21 years$1,845$1,475$1,168$919$718$426
22 years$1,742$1,376$1,077$835$643$370
23 years$1,649$1,287$994$761$577$322
24 years$1,564$1,206$920$694$519$280
25 years$1,485$1,132$852$634$467$244
26 years$1,413$1,064$790$579$421$213
27 years$1,346$1,001$734$530$379$186
28 years$1,284$943$682$486$342$162
29 years$1,226$890$635$446$309$142
30 years$1,172$841$591$409$279$124
31 years$1,122$795$551$376$252$108
32 years$1,075$752$514$345$228$95
33 years$1,032$712$480$317$207$83
34 years$990$675$449$292$187$73
35 years$951$640$419$269$169$64
36 years$915$608$392$248$154$56
37 years$880$577$367$228$139$49
38 years$848$548$344$210$126$43
39 years$817$521$322$194$114$37
40 years$787$496$302$179$104$33
41 years$760$472$283$165$94$29
42 years$733$450$266$152$85$25
43 years$708$429$249$141$78$22
44 years$684$408$234$130$70$19
45 years$662$390$220$120$64$17
46 years$640$372$206$111$58$15
47 years$619$355$194$102$53$13
48 years$599$339$182$95$48$11
49 years$580$323$171$87$43$10
50 years$562$309$161$81$39$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $576,000, adding $4,998 every year, while hoping to spend $49,284 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: 53/29/18 Blend
62$576,000$576,000$576,000$576,000
63$639,907$609,379$600,451$670,443
64$652,740$586,801$568,129$669,335
65$665,230$561,465$533,071$662,524
66$677,290$533,183$495,136$654,033
67$688,823$501,758$454,172$643,719
68$699,719$466,981$410,023$631,425
69$709,857$428,629$362,525$616,982
70$719,100$386,469$311,507$600,208
71$727,295$340,254$256,791$580,904
72$734,275$289,722$198,189$558,859
73$739,850$234,597$135,506$533,842
74$743,809$174,587$68,541$505,604
75$745,920$109,385$0$473,875
76$745,924$38,664$0$438,925
77$743,530$0$0$413,963
78$738,421$0$0$397,612
79$730,241$0$0$391,774
80$718,596$0$0$383,878
81$703,050$0$0$373,670
82$683,120$0$0$360,866
83$658,270$0$0$345,151
84$627,908$0$0$326,180
85$591,378$0$0$303,566
86$547,953$0$0$276,886
87$496,832$0$0$245,668
88$437,124$0$0$209,394
89$367,850$0$0$167,487
90$287,923$0$0$119,313
91$196,144$0$0$64,170
92$91,187$0$0$1,281
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0