Can I retire at age 63 with 549,000?

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 $549,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$45,336$44,932$44,538$44,154$43,778$43,539
2 years$22,444$22,026$21,620$21,228$20,847$20,605
3 years$14,814$14,394$13,990$13,601$13,226$12,990
4 years$11,000$10,581$10,181$9,799$9,433$9,204
5 years$8,712$8,296$7,901$7,526$7,171$6,949
6 years$7,187$6,774$6,385$6,019$5,674$5,461
7 years$6,098$5,689$5,306$4,948$4,614$4,409
8 years$5,282$4,876$4,500$4,151$3,828$3,631
9 years$4,648$4,246$3,876$3,536$3,224$3,035
10 years$4,140$3,742$3,379$3,048$2,747$2,566
11 years$3,726$3,332$2,975$2,653$2,362$2,190
12 years$3,380$2,990$2,640$2,327$2,047$1,882
13 years$3,088$2,702$2,359$2,054$1,785$1,628
14 years$2,838$2,456$2,119$1,823$1,565$1,415
15 years$2,622$2,244$1,913$1,626$1,378$1,235
16 years$2,432$2,059$1,735$1,456$1,218$1,082
17 years$2,265$1,896$1,579$1,308$1,080$951
18 years$2,117$1,752$1,441$1,179$960$838
19 years$1,985$1,624$1,319$1,065$856$740
20 years$1,866$1,509$1,211$965$764$655
21 years$1,758$1,405$1,114$876$684$581
22 years$1,661$1,312$1,026$796$613$516
23 years$1,572$1,227$948$725$550$458
24 years$1,490$1,150$876$661$495$408
25 years$1,415$1,079$812$604$445$364
26 years$1,346$1,014$753$552$401$324
27 years$1,283$954$699$505$362$289
28 years$1,224$899$650$463$326$258
29 years$1,169$848$605$425$295$231
30 years$1,118$801$563$390$266$207
31 years$1,070$757$525$358$241$185
32 years$1,025$717$490$329$218$165
33 years$983$679$458$303$197$148
34 years$944$643$427$278$178$133
35 years$907$610$400$256$162$119
36 years$872$579$374$236$146$107
37 years$839$550$350$217$133$95
38 years$808$523$328$200$120$86
39 years$778$497$307$185$109$77
40 years$751$473$288$170$99$69
41 years$724$450$270$157$90$62
42 years$699$429$253$145$81$55
43 years$675$408$238$134$74$50
44 years$652$389$223$124$67$45
45 years$631$371$209$114$61$40
46 years$610$354$197$106$55$36
47 years$590$338$185$97$50$32
48 years$571$323$174$90$46$29
49 years$553$308$163$83$41$26
50 years$536$294$153$77$38$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $549,000, adding $3,215 every year, while hoping to spend $32,579 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: 39/33/28 Blend
62$549,000$549,000$549,000$549,000
63$608,314$579,217$570,708$626,884
64$635,699$572,935$555,163$634,461
65$664,784$565,253$538,005$639,408
66$695,710$556,069$519,146$644,137
67$728,629$545,272$498,494$648,646
68$763,707$532,748$475,951$652,942
69$801,126$518,375$451,417$657,029
70$841,088$502,022$424,786$660,920
71$883,810$483,552$395,948$664,628
72$929,534$462,821$364,787$668,174
73$978,521$439,674$331,183$671,582
74$1,031,062$413,950$295,009$674,885
75$1,087,474$385,477$256,135$678,121
76$1,148,103$354,072$214,422$681,336
77$1,213,332$319,545$169,728$684,588
78$1,283,581$281,691$121,903$687,943
79$1,359,309$240,297$70,790$691,479
80$1,441,023$195,136$16,226$695,288
81$1,529,279$145,969$0$699,478
82$1,624,686$92,542$0$716,720
83$1,727,917$34,589$0$740,597
84$1,839,708$0$0$766,476
85$1,960,873$0$0$804,832
86$2,092,301$0$0$860,123
87$2,234,976$0$0$920,210
88$2,389,974$0$0$985,555
89$2,558,484$0$0$1,056,666
90$2,741,811$0$0$1,134,105
91$2,941,392$0$0$1,218,486
92$3,158,807$0$0$1,310,488
93$3,395,797$0$0$1,410,858
94$3,654,276$0$0$1,520,416
95$3,936,350$0$0$1,640,068
96$4,244,341$0$0$1,770,807
97$4,580,801$0$0$1,913,731
98$4,948,541$0$0$2,070,046
99$5,350,656$0$0$2,241,080
100$5,790,554$0$0$2,428,296