Can I retire at age 63 with 541,000?

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 $541,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$44,675$44,277$43,889$43,510$43,140$41,860
2 years$22,116$21,705$21,305$20,918$20,543$19,264
3 years$14,598$14,184$13,786$13,403$13,033$11,795
4 years$10,839$10,427$10,033$9,656$9,295$8,108
5 years$8,585$8,175$7,786$7,417$7,066$5,932
6 years$7,082$6,675$6,292$5,931$5,591$4,512
7 years$6,009$5,606$5,229$4,876$4,547$3,523
8 years$5,205$4,805$4,434$4,091$3,772$2,802
9 years$4,580$4,184$3,819$3,484$3,177$2,260
10 years$4,080$3,688$3,330$3,003$2,707$1,842
11 years$3,671$3,283$2,931$2,614$2,328$1,514
12 years$3,331$2,947$2,602$2,293$2,017$1,252
13 years$3,043$2,663$2,324$2,024$1,759$1,041
14 years$2,797$2,421$2,088$1,797$1,542$869
15 years$2,583$2,211$1,886$1,602$1,358$728
16 years$2,397$2,029$1,710$1,435$1,200$611
17 years$2,232$1,868$1,556$1,289$1,064$515
18 years$2,086$1,727$1,420$1,162$946$434
19 years$1,956$1,600$1,300$1,050$843$367
20 years$1,839$1,487$1,193$951$753$311
21 years$1,733$1,385$1,097$863$674$263
22 years$1,637$1,293$1,011$785$604$223
23 years$1,549$1,209$934$715$542$189
24 years$1,469$1,133$864$652$487$161
25 years$1,395$1,063$800$595$439$137
26 years$1,327$999$742$544$395$116
27 years$1,264$940$689$498$356$99
28 years$1,206$886$640$456$321$84
29 years$1,152$836$596$419$290$72
30 years$1,101$789$555$384$262$61
31 years$1,054$746$518$353$237$52
32 years$1,010$706$483$324$214$44
33 years$969$669$451$298$194$38
34 years$930$634$421$274$176$32
35 years$894$601$394$253$159$27
36 years$859$571$368$233$144$23
37 years$827$542$345$214$131$20
38 years$796$515$323$197$119$17
39 years$767$490$303$182$107$14
40 years$740$466$284$168$97$12
41 years$714$444$266$155$88$10
42 years$689$422$249$143$80$9
43 years$665$402$234$132$73$8
44 years$643$384$220$122$66$6
45 years$621$366$206$113$60$6
46 years$601$349$194$104$54$5
47 years$582$333$182$96$49$4
48 years$563$318$171$89$45$3
49 years$545$304$161$82$41$3
50 years$528$290$151$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $541,000, adding $6,062 every year, while hoping to spend $27,945 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: 23/47/30 Blend
62$541,000$541,000$541,000$541,000
63$602,435$573,762$565,376$610,516
64$634,150$572,143$554,583$616,445
65$668,163$569,508$542,492$620,071
66$704,680$565,778$529,029$623,368
67$743,925$560,869$514,119$626,328
68$786,145$554,691$497,682$628,945
69$831,611$547,150$479,634$631,215
70$880,621$538,146$459,887$633,137
71$933,502$527,573$438,351$634,714
72$990,613$515,317$414,929$635,951
73$1,052,349$501,261$389,523$636,859
74$1,119,143$485,278$362,027$637,454
75$1,191,474$467,235$332,333$637,756
76$1,269,865$446,990$300,327$637,795
77$1,354,893$424,394$265,889$637,605
78$1,447,192$399,290$228,897$637,232
79$1,547,460$371,509$189,219$636,729
80$1,656,464$340,876$146,721$636,162
81$1,775,048$307,204$101,260$635,608
82$1,904,140$270,294$52,690$635,161
83$2,044,763$229,939$856$634,929
84$2,198,042$185,919$0$635,038
85$2,365,213$138,000$0$653,067
86$2,547,639$85,936$0$673,181
87$2,746,820$29,469$0$695,355
88$2,964,406$0$0$719,873
89$3,202,213$0$0$763,435
90$3,462,244$0$0$827,824
91$3,746,700$0$0$898,357
92$4,058,007$0$0$975,645
93$4,398,835$0$0$1,060,365
94$4,772,125$0$0$1,153,260
95$5,181,116$0$0$1,255,150
96$5,629,374$0$0$1,366,937
97$6,120,828$0$0$1,489,615
98$6,659,804$0$0$1,624,278
99$7,251,067$0$0$1,772,132
100$7,899,865$0$0$1,934,506