Can I retire at age 63 with 553,000?

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 $553,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$45,666$45,259$44,863$44,475$44,097$43,101
2 years$22,607$22,186$21,778$21,382$20,999$20,000
3 years$14,922$14,499$14,092$13,700$13,322$12,353
4 years$11,080$10,658$10,255$9,870$9,502$8,569
5 years$8,775$8,356$7,958$7,581$7,223$6,330
6 years$7,239$6,823$6,432$6,063$5,715$4,862
7 years$6,143$5,730$5,345$4,984$4,648$3,835
8 years$5,321$4,912$4,533$4,181$3,856$3,083
9 years$4,681$4,277$3,904$3,562$3,247$2,513
10 years$4,171$3,770$3,404$3,070$2,767$2,072
11 years$3,753$3,356$2,997$2,672$2,380$1,722
12 years$3,405$3,012$2,659$2,344$2,062$1,441
13 years$3,111$2,722$2,376$2,069$1,798$1,213
14 years$2,859$2,474$2,135$1,837$1,576$1,025
15 years$2,641$2,260$1,927$1,638$1,388$869
16 years$2,450$2,074$1,747$1,467$1,227$740
17 years$2,282$1,910$1,590$1,318$1,088$631
18 years$2,133$1,765$1,452$1,188$967$540
19 years$1,999$1,636$1,329$1,073$862$462
20 years$1,879$1,520$1,220$972$770$396
21 years$1,771$1,416$1,122$882$689$341
22 years$1,673$1,322$1,034$802$618$293
23 years$1,583$1,236$955$730$554$252
24 years$1,501$1,158$883$666$498$217
25 years$1,426$1,087$818$608$448$187
26 years$1,356$1,021$758$556$404$161
27 years$1,292$961$704$509$364$139
28 years$1,233$906$655$466$329$120
29 years$1,177$854$609$428$297$104
30 years$1,126$807$567$393$268$90
31 years$1,078$763$529$361$242$78
32 years$1,033$722$494$331$219$67
33 years$990$684$461$305$198$58
34 years$951$648$431$280$180$50
35 years$913$615$403$258$163$43
36 years$878$583$377$238$147$38
37 years$845$554$353$219$134$32
38 years$814$526$330$202$121$28
39 years$784$501$309$186$110$24
40 years$756$476$290$172$100$21
41 years$729$453$272$158$90$18
42 years$704$432$255$146$82$16
43 years$680$411$239$135$74$14
44 years$657$392$225$125$68$12
45 years$635$374$211$115$61$10
46 years$614$357$198$106$56$9
47 years$594$340$186$98$51$8
48 years$575$325$175$91$46$7
49 years$557$310$164$84$42$6
50 years$540$296$155$78$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $553,000, adding $6,739 every year, while hoping to spend $37,599 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: 59/29/12 Blend
62$553,000$553,000$553,000$553,000
63$616,357$587,048$578,477$650,527
64$639,221$575,809$557,851$663,097
65$663,156$562,758$535,274$671,988
66$688,233$547,768$510,640$680,779
67$714,527$530,703$483,841$689,465
68$742,120$511,418$454,760$698,040
69$771,100$489,762$423,279$706,503
70$801,565$465,574$389,272$714,850
71$833,620$438,682$352,608$723,082
72$867,379$408,907$313,150$731,203
73$902,966$376,058$270,755$739,217
74$940,517$339,933$225,273$747,132
75$980,180$300,320$176,550$754,961
76$1,022,116$256,993$124,422$762,721
77$1,066,501$209,715$68,719$770,432
78$1,113,527$158,234$9,265$778,121
79$1,163,405$102,285$0$785,821
80$1,216,363$41,589$0$800,510
81$1,272,654$0$0$817,015
82$1,332,551$0$0$841,941
83$1,396,355$0$0$882,655
84$1,464,396$0$0$926,099
85$1,537,034$0$0$972,507
86$1,614,664$0$0$1,022,135
87$1,697,719$0$0$1,075,263
88$1,786,674$0$0$1,132,200
89$1,882,049$0$0$1,193,284
90$1,984,417$0$0$1,258,884
91$2,094,404$0$0$1,329,408
92$2,212,698$0$0$1,405,302
93$2,340,055$0$0$1,487,056
94$2,477,304$0$0$1,575,209
95$2,625,358$0$0$1,670,353
96$2,785,218$0$0$1,773,138
97$2,957,983$0$0$1,884,277
98$3,144,864$0$0$2,004,557
99$3,347,189$0$0$2,134,839
100$3,566,421$0$0$2,276,074