Can I retire at age 63 with 578,000?

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 $578,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$47,731$47,306$46,891$46,486$46,091$45,234
2 years$23,629$23,189$22,762$22,349$21,948$21,088
3 years$15,596$15,154$14,729$14,319$13,925$13,088
4 years$11,581$11,140$10,719$10,316$9,931$9,125
5 years$9,172$8,734$8,318$7,924$7,550$6,776
6 years$7,567$7,132$6,722$6,337$5,974$5,233
7 years$6,420$5,989$5,586$5,210$4,858$4,151
8 years$5,561$5,134$4,738$4,370$4,030$3,356
9 years$4,893$4,470$4,081$3,723$3,394$2,753
10 years$4,359$3,940$3,558$3,209$2,892$2,283
11 years$3,922$3,508$3,132$2,793$2,487$1,910
12 years$3,559$3,148$2,780$2,450$2,155$1,608
13 years$3,251$2,845$2,483$2,163$1,880$1,362
14 years$2,988$2,586$2,231$1,920$1,648$1,159
15 years$2,760$2,362$2,015$1,712$1,451$990
16 years$2,561$2,168$1,826$1,533$1,282$849
17 years$2,385$1,996$1,662$1,377$1,137$729
18 years$2,229$1,845$1,517$1,241$1,011$628
19 years$2,090$1,710$1,389$1,122$901$542
20 years$1,964$1,589$1,275$1,016$805$468
21 years$1,851$1,480$1,172$922$720$405
22 years$1,748$1,381$1,081$838$646$351
23 years$1,655$1,292$998$763$579$305
24 years$1,569$1,210$923$696$521$265
25 years$1,490$1,136$855$636$469$230
26 years$1,418$1,068$793$581$422$200
27 years$1,350$1,005$736$532$381$174
28 years$1,288$947$684$488$343$151
29 years$1,230$893$637$447$310$132
30 years$1,177$843$593$410$280$115
31 years$1,126$797$553$377$253$100
32 years$1,079$754$516$346$229$87
33 years$1,035$714$482$319$207$76
34 years$994$677$450$293$188$66
35 years$955$642$421$270$170$58
36 years$918$610$394$248$154$50
37 years$883$579$368$229$140$44
38 years$851$550$345$211$127$38
39 years$820$523$323$195$115$34
40 years$790$498$303$179$104$29
41 years$762$474$284$166$94$26
42 years$736$451$266$153$86$22
43 years$711$430$250$141$78$19
44 years$687$410$235$130$71$17
45 years$664$391$220$120$64$15
46 years$642$373$207$111$58$13
47 years$621$356$194$103$53$11
48 years$601$340$183$95$48$10
49 years$583$324$172$88$44$9
50 years$564$310$162$81$40$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $578,000, adding $6,555 every year, while hoping to spend $48,018 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: 63/30/7 Blend
62$578,000$578,000$578,000$578,000
63$643,717$613,083$604,124$683,000
64$658,286$592,034$573,272$688,962
65$672,731$568,343$539,776$689,243
66$686,989$541,832$503,499$688,309
67$700,990$512,309$464,293$686,041
68$714,652$479,573$422,008$682,309
69$727,885$443,412$376,485$676,971
70$740,590$403,599$327,557$669,875
71$752,651$359,897$275,052$660,855
72$763,944$312,054$218,788$649,731
73$774,325$259,803$158,576$636,307
74$783,638$202,866$94,220$620,371
75$791,706$140,943$25,514$601,693
76$798,334$73,723$0$580,024
77$803,303$874$0$558,661
78$806,369$0$0$536,005
79$807,265$0$0$535,578
80$805,689$0$0$533,701
81$801,308$0$0$529,851
82$793,755$0$0$523,774
83$782,618$0$0$515,182
84$767,444$0$0$503,760
85$747,730$0$0$489,159
86$722,919$0$0$470,989
87$692,392$0$0$448,823
88$655,468$0$0$422,183
89$611,390$0$0$390,546
90$559,321$0$0$353,328
91$498,336$0$0$309,887
92$427,413$0$0$259,511
93$345,420$0$0$201,414
94$251,109$0$0$134,728
95$143,096$0$0$58,491
96$19,858$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0