Can I retire at age 63 with 577,000?

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 $577,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$47,648$47,224$46,810$46,405$46,011$45,759
2 years$23,588$23,149$22,723$22,310$21,910$21,656
3 years$15,569$15,128$14,703$14,294$13,901$13,652
4 years$11,561$11,121$10,700$10,298$9,914$9,673
5 years$9,156$8,719$8,304$7,910$7,536$7,304
6 years$7,553$7,120$6,711$6,326$5,963$5,739
7 years$6,409$5,979$5,577$5,201$4,850$4,634
8 years$5,551$5,125$4,729$4,363$4,023$3,817
9 years$4,885$4,462$4,073$3,716$3,388$3,190
10 years$4,352$3,933$3,551$3,203$2,887$2,697
11 years$3,916$3,502$3,127$2,788$2,483$2,301
12 years$3,553$3,143$2,775$2,445$2,152$1,978
13 years$3,246$2,840$2,479$2,159$1,876$1,711
14 years$2,983$2,582$2,227$1,916$1,645$1,487
15 years$2,755$2,358$2,011$1,709$1,448$1,298
16 years$2,556$2,164$1,823$1,530$1,280$1,138
17 years$2,381$1,993$1,659$1,375$1,135$1,000
18 years$2,225$1,841$1,515$1,239$1,009$881
19 years$2,086$1,707$1,387$1,120$899$778
20 years$1,961$1,586$1,272$1,014$803$689
21 years$1,848$1,477$1,170$920$719$610
22 years$1,745$1,379$1,079$837$644$542
23 years$1,652$1,290$996$762$578$482
24 years$1,566$1,208$921$695$520$429
25 years$1,488$1,134$853$635$468$382
26 years$1,415$1,066$791$580$421$341
27 years$1,348$1,003$735$531$380$304
28 years$1,286$945$683$487$343$272
29 years$1,228$892$636$446$310$243
30 years$1,175$842$592$410$280$217
31 years$1,124$796$552$376$253$194
32 years$1,077$753$515$346$229$174
33 years$1,033$713$481$318$207$156
34 years$992$676$449$293$187$139
35 years$953$641$420$269$170$125
36 years$916$609$393$248$154$112
37 years$882$578$368$229$139$100
38 years$849$549$344$211$126$90
39 years$818$522$323$194$115$81
40 years$789$497$302$179$104$72
41 years$761$473$284$165$94$65
42 years$735$451$266$153$86$58
43 years$709$429$250$141$78$52
44 years$686$409$234$130$70$47
45 years$663$390$220$120$64$42
46 years$641$372$207$111$58$38
47 years$620$355$194$102$53$34
48 years$600$339$182$95$48$31
49 years$581$324$171$88$44$27
50 years$563$309$161$81$40$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $577,000, adding $3,361 every year, while hoping to spend $27,904 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: 74/12/14 Blend
62$577,000$577,000$577,000$577,000
63$639,321$608,740$599,796$684,468
64$674,842$608,878$590,200$714,917
65$713,051$608,089$579,347$744,486
66$754,193$606,295$567,165$776,131
67$798,536$603,419$553,581$810,050
68$846,375$599,376$538,515$846,461
69$898,036$594,075$521,885$885,607
70$953,874$587,423$503,606$927,754
71$1,014,280$579,319$483,589$973,195
72$1,079,686$569,655$461,739$1,022,254
73$1,150,566$558,319$437,958$1,075,290
74$1,227,438$545,191$412,144$1,132,697
75$1,310,876$530,145$384,191$1,194,910
76$1,401,509$513,046$353,985$1,262,410
77$1,500,030$493,753$321,410$1,335,727
78$1,607,201$472,114$286,345$1,415,445
79$1,723,859$447,971$248,661$1,502,210
80$1,850,927$421,156$208,226$1,596,734
81$1,989,420$391,491$164,900$1,699,801
82$2,140,455$358,788$118,538$1,812,279
83$2,305,261$322,848$68,989$1,935,122
84$2,485,191$283,462$16,093$2,069,385
85$2,681,735$240,406$0$2,216,231
86$2,896,533$193,446$0$2,382,971
87$3,131,390$142,336$0$2,567,950
88$3,388,293$86,812$0$2,770,349
89$3,669,433$26,599$0$2,991,917
90$3,977,217$0$0$3,234,584
91$4,314,301$0$0$3,505,570
92$4,683,607$0$0$3,806,333
93$5,088,354$0$0$4,135,984
94$5,532,086$0$0$4,497,414
95$6,018,707$0$0$4,893,807
96$6,552,517$0$0$5,328,667
97$7,138,253$0$0$5,805,857
98$7,781,131$0$0$6,329,631
99$8,486,899$0$0$6,904,675
100$9,261,885$0$0$7,536,150