Can I retire at age 63 with 542,000?

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 $542,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$44,758$44,359$43,970$43,591$43,220$42,929
2 years$22,157$21,745$21,345$20,957$20,581$20,288
3 years$14,625$14,210$13,811$13,427$13,057$12,771
4 years$10,859$10,446$10,051$9,674$9,313$9,035
5 years$8,601$8,190$7,800$7,430$7,079$6,811
6 years$7,095$6,688$6,304$5,942$5,602$5,344
7 years$6,020$5,616$5,238$4,885$4,556$4,308
8 years$5,215$4,814$4,443$4,098$3,779$3,542
9 years$4,588$4,192$3,826$3,491$3,183$2,955
10 years$4,088$3,695$3,336$3,009$2,712$2,494
11 years$3,678$3,289$2,937$2,619$2,332$2,124
12 years$3,337$2,952$2,606$2,297$2,021$1,823
13 years$3,049$2,668$2,329$2,028$1,762$1,573
14 years$2,802$2,425$2,092$1,800$1,545$1,365
15 years$2,588$2,215$1,889$1,605$1,360$1,189
16 years$2,401$2,033$1,713$1,437$1,202$1,040
17 years$2,237$1,872$1,559$1,292$1,066$912
18 years$2,090$1,730$1,423$1,164$948$802
19 years$1,960$1,603$1,302$1,052$845$707
20 years$1,842$1,490$1,195$953$755$624
21 years$1,736$1,388$1,099$864$675$552
22 years$1,640$1,295$1,013$786$605$489
23 years$1,552$1,211$936$716$543$434
24 years$1,471$1,135$865$653$488$385
25 years$1,397$1,065$801$596$439$342
26 years$1,329$1,001$743$545$396$305
27 years$1,266$942$690$499$357$271
28 years$1,208$888$642$457$322$242
29 years$1,154$837$597$419$291$215
30 years$1,103$791$556$385$263$192
31 years$1,056$748$519$353$238$172
32 years$1,012$707$484$325$215$153
33 years$971$670$452$299$194$137
34 years$932$635$422$275$176$122
35 years$895$602$395$253$159$109
36 years$861$572$369$233$144$98
37 years$828$543$345$215$131$87
38 years$798$516$324$198$119$78
39 years$769$491$303$182$108$70
40 years$741$467$284$168$98$63
41 years$715$444$266$155$89$56
42 years$690$423$250$143$80$50
43 years$666$403$234$132$73$45
44 years$644$384$220$122$66$40
45 years$623$367$207$113$60$36
46 years$602$350$194$104$55$32
47 years$583$334$182$96$50$29
48 years$564$319$171$89$45$26
49 years$546$304$161$82$41$23
50 years$529$291$151$76$37$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $542,000, adding $3,406 every year, while hoping to spend $21,748 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: 32/50/18 Blend
62$542,000$542,000$542,000$542,000
63$600,797$572,071$563,670$616,554
64$638,939$576,963$559,414$633,462
65$680,242$581,366$554,285$649,428
66$725,006$585,232$548,233$666,164
67$773,561$588,512$541,203$683,748
68$826,268$591,154$533,138$702,270
69$883,526$593,099$523,976$721,829
70$945,774$594,289$513,657$742,538
71$1,013,492$594,658$502,115$764,521
72$1,087,213$594,141$489,279$787,915
73$1,167,518$592,663$475,080$812,877
74$1,255,051$590,150$459,442$839,578
75$1,350,519$586,520$442,285$868,211
76$1,454,699$581,687$423,529$898,990
77$1,568,448$575,559$403,087$932,152
78$1,692,708$568,040$380,869$967,963
79$1,828,518$559,027$356,782$1,006,718
80$1,977,020$548,413$330,727$1,048,745
81$2,139,471$536,080$302,602$1,094,407
82$2,317,258$521,909$272,299$1,144,110
83$2,511,905$505,769$239,708$1,198,302
84$2,725,093$487,525$204,711$1,257,484
85$2,958,669$467,031$167,187$1,322,208
86$3,214,673$444,135$127,007$1,393,090
87$3,495,347$418,675$84,039$1,470,811
88$3,803,163$390,480$38,144$1,556,127
89$4,140,841$359,369$0$1,649,876
90$4,511,379$325,151$0$1,755,067
91$4,918,080$287,624$0$1,878,602
92$5,364,580$246,573$0$2,014,318
93$5,854,887$201,775$0$2,163,510
94$6,393,413$152,989$0$2,327,607
95$6,985,020$99,965$0$2,508,194
96$7,635,065$42,436$0$2,707,017
97$8,349,448$0$0$2,926,012
98$9,134,670$0$0$3,178,251
99$9,997,892$0$0$3,481,303
100$10,947,005$0$0$3,814,601