Can I retire at age 63 with 567,000?

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 $567,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$46,822$46,405$45,998$45,601$45,213$44,319
2 years$23,179$22,748$22,329$21,924$21,530$20,633
3 years$15,299$14,866$14,449$14,047$13,660$12,787
4 years$11,360$10,928$10,515$10,120$9,742$8,901
5 years$8,997$8,568$8,160$7,773$7,406$6,599
6 years$7,423$6,996$6,594$6,216$5,860$5,088
7 years$6,298$5,875$5,480$5,111$4,766$4,029
8 years$5,455$5,036$4,647$4,287$3,954$3,252
9 years$4,800$4,385$4,003$3,652$3,330$2,663
10 years$4,276$3,865$3,490$3,148$2,837$2,204
11 years$3,848$3,441$3,072$2,740$2,440$1,840
12 years$3,491$3,088$2,727$2,403$2,114$1,547
13 years$3,189$2,791$2,436$2,121$1,844$1,308
14 years$2,931$2,537$2,189$1,883$1,616$1,111
15 years$2,708$2,318$1,976$1,679$1,423$947
16 years$2,512$2,126$1,792$1,504$1,258$810
17 years$2,340$1,958$1,630$1,351$1,115$694
18 years$2,187$1,809$1,488$1,218$992$597
19 years$2,050$1,677$1,363$1,100$884$514
20 years$1,927$1,558$1,250$996$789$443
21 years$1,816$1,452$1,150$904$706$383
22 years$1,715$1,355$1,060$822$633$331
23 years$1,623$1,267$979$749$568$286
24 years$1,539$1,187$905$683$511$248
25 years$1,462$1,114$838$624$460$215
26 years$1,391$1,047$778$570$414$186
27 years$1,325$986$722$522$373$162
28 years$1,264$929$671$478$337$141
29 years$1,207$876$625$439$304$122
30 years$1,154$827$582$403$275$106
31 years$1,105$782$542$370$249$92
32 years$1,059$740$506$340$225$80
33 years$1,015$701$473$312$203$70
34 years$975$664$442$287$184$61
35 years$937$630$413$265$167$53
36 years$901$598$386$244$151$46
37 years$867$568$361$225$137$40
38 years$834$540$338$207$124$35
39 years$804$513$317$191$113$30
40 years$775$488$297$176$102$26
41 years$748$465$279$162$93$23
42 years$722$443$261$150$84$20
43 years$697$422$245$138$76$17
44 years$674$402$230$128$69$15
45 years$651$383$216$118$63$13
46 years$630$366$203$109$57$11
47 years$610$349$191$101$52$10
48 years$590$333$179$93$47$9
49 years$571$318$169$86$43$8
50 years$554$304$158$79$39$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $567,000, adding $4,107 every year, while hoping to spend $35,494 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: 21/50/29 Blend
62$567,000$567,000$567,000$567,000
63$629,070$599,019$590,231$636,430
64$655,470$590,606$572,238$635,071
65$683,373$580,591$552,453$630,412
66$712,895$568,858$530,778$624,662
67$744,163$555,284$507,112$617,756
68$777,314$539,739$481,347$609,625
69$812,500$522,087$453,372$600,199
70$849,886$502,180$423,070$589,405
71$889,652$479,864$390,321$577,168
72$931,996$454,977$354,997$563,409
73$977,135$427,346$316,964$548,048
74$1,025,305$396,789$276,085$531,004
75$1,076,767$363,112$232,214$512,191
76$1,131,804$326,112$185,201$491,523
77$1,190,729$285,572$134,886$468,913
78$1,253,884$241,266$81,105$444,270
79$1,321,645$192,952$23,687$417,504
80$1,394,423$140,377$0$388,522
81$1,472,670$83,272$0$368,864
82$1,556,883$21,353$0$355,384
83$1,647,607$0$0$340,714
84$1,745,440$0$0$349,958
85$1,851,040$0$0$372,696
86$1,965,130$0$0$397,345
87$2,088,503$0$0$424,087
88$2,222,033$0$0$453,122
89$2,366,678$0$0$484,672
90$2,523,494$0$0$518,977
91$2,693,641$0$0$556,304
92$2,878,395$0$0$596,948
93$3,079,158$0$0$641,229
94$3,297,475$0$0$689,505
95$3,535,044$0$0$742,165
96$3,793,734$0$0$799,639
97$4,075,601$0$0$862,402
98$4,382,908$0$0$930,975
99$4,718,145$0$0$1,005,931
100$5,084,055$0$0$1,087,903