Can I retire at age 63 with 565,000?

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 $565,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$46,657$46,242$45,836$45,440$45,054$44,528
2 years$23,098$22,667$22,251$21,846$21,454$20,925
3 years$15,245$14,813$14,398$13,997$13,611$13,095
4 years$11,320$10,889$10,478$10,084$9,708$9,208
5 years$8,966$8,537$8,131$7,746$7,380$6,899
6 years$7,396$6,971$6,571$6,194$5,839$5,377
7 years$6,276$5,855$5,461$5,093$4,749$4,306
8 years$5,436$5,018$4,631$4,272$3,940$3,516
9 years$4,783$4,370$3,989$3,639$3,318$2,913
10 years$4,261$3,852$3,477$3,137$2,827$2,441
11 years$3,834$3,429$3,062$2,730$2,431$2,064
12 years$3,479$3,077$2,717$2,394$2,107$1,757
13 years$3,178$2,781$2,427$2,114$1,837$1,505
14 years$2,921$2,528$2,181$1,877$1,611$1,296
15 years$2,698$2,309$1,969$1,674$1,418$1,120
16 years$2,503$2,119$1,785$1,498$1,253$971
17 years$2,331$1,951$1,625$1,346$1,111$844
18 years$2,179$1,803$1,483$1,213$988$736
19 years$2,043$1,671$1,358$1,096$881$643
20 years$1,920$1,553$1,246$993$787$563
21 years$1,810$1,446$1,146$901$704$494
22 years$1,709$1,350$1,056$819$631$433
23 years$1,618$1,263$975$746$566$381
24 years$1,534$1,183$902$681$509$335
25 years$1,457$1,110$835$622$458$295
26 years$1,386$1,044$775$568$413$260
27 years$1,320$982$719$520$372$229
28 years$1,259$925$669$477$336$202
29 years$1,203$873$622$437$303$179
30 years$1,150$824$580$401$274$158
31 years$1,101$779$541$368$248$140
32 years$1,055$737$504$339$224$123
33 years$1,012$698$471$311$203$109
34 years$971$662$440$286$184$97
35 years$933$628$411$264$166$85
36 years$897$596$385$243$151$76
37 years$863$566$360$224$137$67
38 years$831$538$337$206$124$59
39 years$801$511$316$190$112$52
40 years$772$487$296$175$102$46
41 years$745$463$278$162$92$41
42 years$719$441$261$149$84$36
43 years$695$420$244$138$76$32
44 years$671$401$229$127$69$29
45 years$649$382$215$118$63$25
46 years$628$364$202$109$57$22
47 years$607$348$190$100$52$20
48 years$588$332$179$93$47$18
49 years$569$317$168$86$43$16
50 years$552$303$158$79$39$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $565,000, adding $6,080 every year, while hoping to spend $31,658 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: 46/34/20 Blend
62$565,000$565,000$565,000$565,000
63$628,902$598,957$590,199$653,980
64$659,366$594,622$576,287$667,809
65$691,876$589,013$560,848$679,172
66$726,608$582,035$543,797$690,842
67$763,754$573,587$525,045$702,862
68$803,524$563,560$504,502$715,282
69$846,149$551,840$482,068$728,157
70$891,883$538,307$457,645$741,553
71$941,004$522,833$431,125$755,542
72$993,817$505,283$402,398$770,210
73$1,050,658$485,512$371,349$785,650
74$1,111,893$463,371$337,857$801,970
75$1,177,927$438,697$301,797$819,292
76$1,249,205$411,322$263,036$837,753
77$1,326,213$381,066$221,437$857,509
78$1,409,488$347,740$176,857$878,733
79$1,499,619$311,143$129,145$901,623
80$1,597,254$271,063$78,145$926,398
81$1,703,105$227,276$23,694$953,307
82$1,817,956$179,546$0$982,626
83$1,942,666$127,623$0$1,022,011
84$2,078,185$71,243$0$1,070,338
85$2,225,553$10,127$0$1,122,976
86$2,385,918$0$0$1,180,399
87$2,560,541$0$0$1,264,095
88$2,750,810$0$0$1,359,478
89$2,958,253$0$0$1,463,534
90$3,184,552$0$0$1,577,113
91$3,431,556$0$0$1,701,153
92$3,701,303$0$0$1,836,684
93$3,996,036$0$0$1,984,844
94$4,318,224$0$0$2,146,881
95$4,670,584$0$0$2,324,173
96$5,056,110$0$0$2,518,236
97$5,478,097$0$0$2,730,738
98$5,940,175$0$0$2,963,518
99$6,446,338$0$0$3,218,601
100$7,000,989$0$0$3,498,215