Can I retire at age 63 with 531,000?

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 $531,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$43,849$43,459$43,078$42,706$42,343$41,607
2 years$21,708$21,303$20,912$20,532$20,163$19,424
3 years$14,328$13,922$13,531$13,155$12,792$12,073
4 years$10,639$10,234$9,847$9,477$9,124$8,430
5 years$8,426$8,024$7,642$7,279$6,936$6,270
6 years$6,951$6,552$6,176$5,821$5,488$4,850
7 years$5,898$5,502$5,132$4,786$4,463$3,854
8 years$5,109$4,716$4,352$4,015$3,703$3,121
9 years$4,495$4,107$3,749$3,420$3,118$2,565
10 years$4,005$3,620$3,268$2,948$2,657$2,131
11 years$3,603$3,222$2,877$2,566$2,285$1,786
12 years$3,269$2,892$2,554$2,250$1,980$1,507
13 years$2,987$2,614$2,281$1,987$1,727$1,279
14 years$2,745$2,376$2,050$1,764$1,514$1,091
15 years$2,536$2,170$1,851$1,573$1,333$934
16 years$2,353$1,991$1,678$1,408$1,178$802
17 years$2,191$1,834$1,527$1,265$1,044$690
18 years$2,048$1,695$1,394$1,140$929$596
19 years$1,920$1,571$1,276$1,030$828$515
20 years$1,805$1,459$1,171$933$739$446
21 years$1,701$1,359$1,077$847$662$387
22 years$1,606$1,269$993$770$593$336
23 years$1,520$1,187$917$701$532$292
24 years$1,441$1,112$848$640$478$255
25 years$1,369$1,044$785$584$431$222
26 years$1,302$981$728$534$388$193
27 years$1,241$923$676$489$350$169
28 years$1,183$870$629$448$315$147
29 years$1,130$821$585$411$285$128
30 years$1,081$775$545$377$257$112
31 years$1,035$733$508$346$233$98
32 years$991$693$474$318$211$86
33 years$951$656$443$293$191$75
34 years$913$622$413$269$172$65
35 years$877$590$387$248$156$57
36 years$843$560$362$228$142$50
37 years$812$532$338$210$128$44
38 years$781$506$317$194$116$38
39 years$753$481$297$179$105$33
40 years$726$457$278$165$96$29
41 years$700$435$261$152$87$26
42 years$676$415$245$140$79$22
43 years$653$395$230$130$71$20
44 years$631$377$216$120$65$17
45 years$610$359$202$110$59$15
46 years$590$343$190$102$53$13
47 years$571$327$179$94$49$12
48 years$553$312$168$87$44$10
49 years$535$298$158$81$40$9
50 years$518$285$148$74$36$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $531,000, adding $2,255 every year, while hoping to spend $33,766 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: 52/25/23 Blend
62$531,000$531,000$531,000$531,000
63$587,488$559,345$551,115$614,175
64$611,485$550,826$533,650$624,333
65$636,798$540,758$514,469$631,722
66$663,526$529,030$493,478$639,057
67$691,775$515,522$470,579$646,348
68$721,665$500,111$445,672$653,604
69$753,321$482,663$418,649$660,839
70$786,885$463,039$389,399$668,070
71$822,510$441,090$357,806$675,317
72$860,362$416,660$323,749$682,608
73$900,625$389,582$287,100$689,974
74$943,498$359,681$247,727$697,450
75$989,201$326,772$205,493$705,083
76$1,037,974$290,658$160,251$712,923
77$1,090,081$251,133$111,853$721,032
78$1,145,808$207,978$60,139$729,479
79$1,205,472$160,960$4,945$738,347
80$1,269,420$109,838$0$747,729
81$1,338,032$54,351$0$770,974
82$1,411,725$0$0$797,120
83$1,490,957$0$0$826,727
84$1,576,231$0$0$874,721
85$1,668,098$0$0$926,466
86$1,767,165$0$0$982,309
87$1,874,098$0$0$1,042,629
88$1,989,629$0$0$1,107,847
89$2,114,561$0$0$1,178,421
90$2,249,779$0$0$1,254,857
91$2,396,255$0$0$1,337,712
92$2,555,057$0$0$1,427,595
93$2,727,359$0$0$1,525,180
94$2,914,455$0$0$1,631,205
95$3,117,765$0$0$1,746,485
96$3,338,852$0$0$1,871,913
97$3,579,437$0$0$2,008,474
98$3,841,413$0$0$2,157,252
99$4,126,862$0$0$2,319,439
100$4,438,076$0$0$2,496,346