Can I retire at age 63 with 530,000?

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 $530,000?

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$43,767$43,377$42,997$42,625$42,263$41,478
2 years$21,667$21,263$20,872$20,493$20,125$19,337
3 years$14,301$13,896$13,506$13,130$12,768$12,002
4 years$10,619$10,215$9,829$9,459$9,106$8,367
5 years$8,410$8,009$7,627$7,266$6,923$6,213
6 years$6,938$6,540$6,164$5,811$5,478$4,798
7 years$5,887$5,492$5,122$4,777$4,455$3,806
8 years$5,099$4,708$4,344$4,007$3,696$3,078
9 years$4,487$4,099$3,742$3,413$3,112$2,524
10 years$3,997$3,613$3,262$2,942$2,652$2,093
11 years$3,597$3,216$2,872$2,561$2,281$1,751
12 years$3,263$2,887$2,549$2,246$1,976$1,475
13 years$2,981$2,609$2,277$1,983$1,723$1,249
14 years$2,740$2,371$2,046$1,760$1,511$1,063
15 years$2,531$2,166$1,847$1,570$1,330$908
16 years$2,348$1,988$1,675$1,406$1,176$778
17 years$2,187$1,830$1,524$1,263$1,042$669
18 years$2,044$1,691$1,391$1,138$927$576
19 years$1,916$1,568$1,274$1,028$826$497
20 years$1,801$1,457$1,169$931$738$430
21 years$1,697$1,357$1,075$845$660$372
22 years$1,603$1,267$991$769$592$322
23 years$1,517$1,185$915$700$531$280
24 years$1,439$1,110$846$638$478$243
25 years$1,366$1,042$784$583$430$211
26 years$1,300$979$727$533$387$183
27 years$1,238$921$675$488$349$160
28 years$1,181$868$627$447$315$139
29 years$1,128$819$584$410$284$121
30 years$1,079$773$544$376$257$105
31 years$1,033$731$507$346$232$92
32 years$990$692$473$318$210$80
33 years$949$655$442$292$190$70
34 years$911$621$413$269$172$61
35 years$875$589$386$247$156$53
36 years$842$559$361$228$141$46
37 years$810$531$338$210$128$40
38 years$780$505$316$193$116$35
39 years$752$480$296$178$105$31
40 years$725$456$278$165$95$27
41 years$699$435$261$152$87$23
42 years$675$414$244$140$79$20
43 years$652$394$229$129$71$18
44 years$630$376$215$119$65$16
45 years$609$358$202$110$59$14
46 years$589$342$190$102$53$12
47 years$570$326$178$94$48$10
48 years$552$311$168$87$44$9
49 years$534$297$158$80$40$8
50 years$517$284$148$74$36$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $530,000, adding $6,874 every year, while hoping to spend $25,523 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: 50/27/23 Blend
62$530,000$530,000$530,000$530,000
63$591,151$563,061$554,846$616,579
64$624,292$563,494$546,277$635,389
65$659,958$563,094$536,565$652,681
66$698,379$561,791$525,646$670,950
67$739,810$559,515$513,451$690,300
68$784,527$556,188$499,908$710,846
69$832,838$551,730$484,944$732,715
70$885,077$546,054$468,479$756,049
71$941,614$539,070$450,432$781,007
72$1,002,855$530,681$430,718$807,765
73$1,069,246$520,784$409,248$836,519
74$1,141,278$509,272$385,927$867,486
75$1,219,491$496,029$360,658$900,908
76$1,304,479$480,934$333,340$937,054
77$1,396,895$463,858$303,865$976,221
78$1,497,456$444,666$272,123$1,018,741
79$1,606,954$423,212$237,996$1,064,982
80$1,726,259$399,345$201,365$1,115,349
81$1,856,328$372,903$162,101$1,170,296
82$1,998,215$343,717$120,073$1,230,323
83$2,153,079$311,605$75,141$1,295,985
84$2,322,197$276,378$27,163$1,367,898
85$2,506,975$237,834$0$1,446,744
86$2,708,959$195,761$0$1,539,176
87$2,929,854$149,934$0$1,647,628
88$3,171,534$100,115$0$1,766,395
89$3,436,064$46,055$0$1,896,541
90$3,725,719$0$0$2,039,245
91$4,043,004$0$0$2,199,525
92$4,390,674$0$0$2,390,204
93$4,771,769$0$0$2,599,272
94$5,189,633$0$0$2,828,571
95$5,647,949$0$0$3,080,129
96$6,150,777$0$0$3,356,183
97$6,702,585$0$0$3,659,193
98$7,308,298$0$0$3,991,872
99$7,973,337$0$0$4,357,206
100$8,703,678$0$0$4,758,487