Can I retire at age 63 with 526,000?

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 $526,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$43,437$43,050$42,672$42,304$41,944$41,610
2 years$21,503$21,103$20,715$20,338$19,973$19,637
3 years$14,193$13,791$13,404$13,031$12,672$12,343
4 years$10,539$10,138$9,755$9,388$9,038$8,719
5 years$8,347$7,948$7,570$7,211$6,870$6,563
6 years$6,886$6,490$6,118$5,767$5,436$5,140
7 years$5,843$5,451$5,084$4,741$4,421$4,137
8 years$5,061$4,672$4,311$3,977$3,668$3,395
9 years$4,453$4,068$3,713$3,388$3,089$2,828
10 years$3,967$3,586$3,237$2,920$2,632$2,383
11 years$3,570$3,192$2,850$2,541$2,263$2,026
12 years$3,239$2,865$2,529$2,229$1,961$1,735
13 years$2,959$2,589$2,260$1,968$1,710$1,495
14 years$2,719$2,353$2,031$1,747$1,499$1,294
15 years$2,512$2,150$1,833$1,558$1,320$1,125
16 years$2,330$1,973$1,662$1,395$1,167$982
17 years$2,171$1,817$1,513$1,253$1,035$859
18 years$2,029$1,679$1,381$1,130$920$754
19 years$1,902$1,556$1,264$1,021$820$663
20 years$1,788$1,446$1,160$924$732$584
21 years$1,685$1,347$1,067$839$655$516
22 years$1,591$1,257$983$763$587$456
23 years$1,506$1,176$908$695$527$403
24 years$1,428$1,102$840$634$474$357
25 years$1,356$1,034$778$579$426$317
26 years$1,290$972$721$529$384$281
27 years$1,229$914$670$484$346$250
28 years$1,172$862$623$444$313$222
29 years$1,120$813$579$407$282$198
30 years$1,071$768$540$373$255$176
31 years$1,025$726$503$343$231$157
32 years$982$687$469$315$209$139
33 years$942$650$438$290$189$124
34 years$904$616$410$267$171$111
35 years$869$584$383$245$155$99
36 years$835$555$358$226$140$88
37 years$804$527$335$208$127$78
38 years$774$501$314$192$115$70
39 years$746$476$294$177$104$62
40 years$719$453$276$163$95$56
41 years$694$431$259$151$86$50
42 years$670$411$243$139$78$44
43 years$647$391$228$128$71$40
44 years$625$373$214$119$64$35
45 years$604$356$201$109$58$32
46 years$584$339$188$101$53$28
47 years$565$324$177$93$48$25
48 years$547$309$166$86$44$23
49 years$530$295$156$80$40$20
50 years$514$282$147$74$36$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $526,000, adding $2,408 every year, while hoping to spend $29,239 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: 52/32/16 Blend
62$526,000$526,000$526,000$526,000
63$582,136$554,258$546,105$609,760
64$610,404$550,306$533,289$625,002
65$640,575$545,181$519,064$638,291
66$672,813$538,794$503,352$652,097
67$707,296$531,052$486,071$666,478
68$744,221$521,854$467,135$681,499
69$783,803$511,097$446,456$697,233
70$826,278$498,668$423,939$713,762
71$871,905$484,449$399,488$731,179
72$920,969$468,316$373,000$749,589
73$973,781$450,137$344,369$769,109
74$1,030,684$429,772$313,483$789,869
75$1,092,056$407,072$280,226$812,017
76$1,158,308$381,881$244,477$835,717
77$1,229,897$354,035$206,108$861,154
78$1,307,321$323,357$164,987$888,532
79$1,391,130$289,664$120,976$918,082
80$1,481,927$252,759$73,931$950,060
81$1,580,375$212,436$23,699$984,752
82$1,687,205$168,477$0$1,022,477
83$1,803,219$120,651$0$1,068,697
84$1,929,299$68,715$0$1,123,352
85$2,066,418$12,412$0$1,182,860
86$2,215,643$0$0$1,247,744
87$2,378,151$0$0$1,335,668
88$2,555,234$0$0$1,436,290
89$2,748,317$0$0$1,546,054
90$2,958,966$0$0$1,665,856
91$3,188,907$0$0$1,796,684
92$3,440,038$0$0$1,939,625
93$3,714,448$0$0$2,095,877
94$4,014,440$0$0$2,266,755
95$4,342,546$0$0$2,453,712
96$4,701,556$0$0$2,658,345
97$5,094,541$0$0$2,882,412
98$5,524,884$0$0$3,127,852
99$5,996,308$0$0$3,396,796
100$6,512,916$0$0$3,691,594