Can I retire at age 63 with 536,000?

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 $536,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$44,262$43,868$43,483$43,108$42,741$42,543
2 years$21,912$21,504$21,108$20,725$20,353$20,153
3 years$14,463$14,053$13,659$13,279$12,913$12,717
4 years$10,739$10,331$9,940$9,567$9,210$9,020
5 years$8,505$8,099$7,714$7,348$7,001$6,818
6 years$7,017$6,614$6,234$5,876$5,540$5,363
7 years$5,954$5,554$5,180$4,831$4,505$4,335
8 years$5,157$4,761$4,393$4,053$3,737$3,574
9 years$4,538$4,145$3,784$3,452$3,147$2,991
10 years$4,042$3,654$3,299$2,976$2,682$2,532
11 years$3,637$3,253$2,904$2,590$2,306$2,163
12 years$3,300$2,920$2,578$2,272$1,999$1,862
13 years$3,015$2,638$2,303$2,005$1,743$1,612
14 years$2,771$2,398$2,069$1,780$1,528$1,403
15 years$2,559$2,191$1,868$1,588$1,345$1,227
16 years$2,375$2,010$1,694$1,422$1,189$1,076
17 years$2,212$1,851$1,541$1,277$1,054$947
18 years$2,067$1,711$1,407$1,151$937$836
19 years$1,938$1,585$1,288$1,040$835$739
20 years$1,822$1,473$1,182$942$746$655
21 years$1,717$1,372$1,087$855$668$582
22 years$1,621$1,281$1,002$777$599$517
23 years$1,534$1,198$925$708$537$460
24 years$1,455$1,122$856$646$483$410
25 years$1,382$1,053$793$590$435$366
26 years$1,315$990$735$539$391$327
27 years$1,252$932$683$494$353$292
28 years$1,195$878$635$452$318$262
29 years$1,141$828$590$415$288$234
30 years$1,091$782$550$381$260$210
31 years$1,044$739$513$349$235$188
32 years$1,001$700$478$321$212$168
33 years$960$663$447$295$192$151
34 years$921$628$417$272$174$136
35 years$885$596$390$250$158$122
36 years$851$565$365$230$143$109
37 years$819$537$342$212$130$98
38 years$789$510$320$196$117$88
39 years$760$485$300$180$106$79
40 years$733$462$281$166$97$71
41 years$707$439$263$154$88$64
42 years$682$419$247$142$79$57
43 years$659$399$232$131$72$52
44 years$637$380$218$121$65$46
45 years$616$362$204$112$59$42
46 years$595$346$192$103$54$38
47 years$576$330$180$95$49$34
48 years$558$315$169$88$45$30
49 years$540$301$159$81$40$27
50 years$523$287$150$75$37$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $536,000, adding $6,804 every year, while hoping to spend $33,316 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: 32/46/22 Blend
62$536,000$536,000$536,000$536,000
63$597,690$569,282$560,974$612,581
64$623,207$561,729$544,319$616,804
65$650,209$552,689$525,989$617,866
66$678,814$542,055$505,893$618,324
67$709,149$529,711$483,936$618,147
68$741,352$515,537$460,018$617,302
69$775,576$499,404$434,035$615,757
70$811,987$481,177$405,877$613,481
71$850,767$460,712$375,431$610,443
72$892,115$437,857$342,578$606,612
73$936,249$412,450$307,193$601,960
74$983,409$384,323$269,146$596,460
75$1,033,857$353,295$228,303$590,086
76$1,087,879$319,175$184,520$582,816
77$1,145,792$281,764$137,651$574,631
78$1,207,941$240,849$87,540$565,515
79$1,274,706$196,205$34,027$555,456
80$1,346,502$147,595$0$544,451
81$1,423,788$94,770$0$537,916
82$1,507,065$37,464$0$539,319
83$1,596,884$0$0$540,722
84$1,693,853$0$0$554,650
85$1,798,636$0$0$590,257
86$1,911,965$0$0$628,835
87$2,034,644$0$0$670,666
88$2,167,559$0$0$716,062
89$2,311,679$0$0$765,363
90$2,468,076$0$0$818,945
91$2,637,924$0$0$877,222
92$2,822,517$0$0$940,647
93$3,023,278$0$0$1,009,720
94$3,241,771$0$0$1,084,993
95$3,479,719$0$0$1,167,070
96$3,739,018$0$0$1,256,618
97$4,021,752$0$0$1,354,372
98$4,330,219$0$0$1,461,138
99$4,666,943$0$0$1,577,805
100$5,034,708$0$0$1,705,354