Can I retire at age 63 with 582,000?

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 $582,000?

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$48,061$47,633$47,215$46,808$46,409$44,710
2 years$23,793$23,349$22,920$22,504$22,100$20,406
3 years$15,704$15,259$14,831$14,418$14,021$12,387
4 years$11,661$11,217$10,793$10,388$10,000$8,438
5 years$9,235$8,794$8,376$7,979$7,602$6,115
6 years$7,619$7,181$6,769$6,381$6,015$4,606
7 years$6,465$6,031$5,625$5,246$4,892$3,559
8 years$5,600$5,169$4,770$4,401$4,058$2,801
9 years$4,927$4,501$4,109$3,748$3,418$2,234
10 years$4,389$3,967$3,582$3,231$2,912$1,801
11 years$3,950$3,532$3,154$2,812$2,504$1,462
12 years$3,583$3,170$2,799$2,467$2,170$1,195
13 years$3,274$2,865$2,501$2,178$1,893$981
14 years$3,009$2,604$2,247$1,933$1,659$809
15 years$2,779$2,379$2,028$1,724$1,461$669
16 years$2,578$2,183$1,839$1,544$1,291$555
17 years$2,402$2,010$1,674$1,387$1,145$461
18 years$2,245$1,857$1,528$1,250$1,018$384
19 years$2,104$1,721$1,399$1,129$907$320
20 years$1,978$1,600$1,284$1,023$810$267
21 years$1,864$1,490$1,181$928$725$223
22 years$1,761$1,391$1,088$844$650$187
23 years$1,666$1,301$1,005$769$583$156
24 years$1,580$1,219$929$701$524$131
25 years$1,500$1,144$861$640$472$109
26 years$1,427$1,075$798$585$425$92
27 years$1,360$1,012$741$536$383$77
28 years$1,297$953$689$491$346$64
29 years$1,239$899$641$450$312$54
30 years$1,185$849$597$413$282$45
31 years$1,134$803$557$379$255$38
32 years$1,087$760$519$349$231$32
33 years$1,042$719$485$321$209$27
34 years$1,001$682$453$295$189$22
35 years$961$647$424$272$171$19
36 years$924$614$396$250$155$16
37 years$889$583$371$230$141$13
38 years$856$554$347$212$127$11
39 years$825$527$325$196$116$9
40 years$796$501$305$181$105$8
41 years$768$477$286$167$95$7
42 years$741$454$268$154$86$6
43 years$716$433$252$142$78$5
44 years$691$413$236$131$71$4
45 years$669$394$222$121$65$3
46 years$647$375$208$112$59$3
47 years$626$358$196$103$53$2
48 years$606$342$184$95$48$2
49 years$587$327$173$88$44$2
50 years$568$312$163$82$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $582,000, adding $3,113 every year, while hoping to spend $46,522 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: 33/39/28 Blend
62$582,000$582,000$582,000$582,000
63$644,575$613,729$604,708$660,280
64$660,823$594,303$575,467$653,055
65$677,168$572,365$543,687$640,925
66$693,573$547,745$509,233$626,948
67$709,992$520,258$471,967$610,993
68$726,374$489,714$431,741$592,920
69$742,662$455,908$388,403$572,581
70$758,791$418,625$341,791$549,819
71$774,687$377,637$291,740$524,464
72$790,267$332,703$238,076$496,337
73$805,437$283,569$180,615$465,249
74$820,094$229,966$119,167$430,996
75$834,120$171,610$53,536$393,363
76$847,383$108,202$0$352,118
77$859,737$39,425$0$311,948
78$871,017$0$0$285,049
79$881,041$0$0$270,243
80$889,605$0$0$271,777
81$896,481$0$0$272,648
82$901,416$0$0$272,762
83$904,130$0$0$272,015
84$904,311$0$0$270,292
85$901,610$0$0$267,465
86$895,643$0$0$263,392
87$885,983$0$0$257,916
88$872,156$0$0$250,863
89$853,636$0$0$242,039
90$829,841$0$0$231,232
91$800,127$0$0$218,204
92$763,779$0$0$202,693
93$720,009$0$0$184,411
94$667,941$0$0$163,037
95$606,609$0$0$138,217
96$534,943$0$0$109,560
97$451,760$0$0$76,633
98$355,754$0$0$38,959
99$245,479$0$0$0
100$119,340$0$0$0