Can I retire at age 63 with 577,000?

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 $577,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$47,648$47,224$46,810$46,405$46,011$45,156
2 years$23,588$23,149$22,723$22,310$21,910$21,052
3 years$15,569$15,128$14,703$14,294$13,901$13,066
4 years$11,561$11,121$10,700$10,298$9,914$9,109
5 years$9,156$8,719$8,304$7,910$7,536$6,764
6 years$7,553$7,120$6,711$6,326$5,963$5,224
7 years$6,409$5,979$5,577$5,201$4,850$4,144
8 years$5,551$5,125$4,729$4,363$4,023$3,350
9 years$4,885$4,462$4,073$3,716$3,388$2,748
10 years$4,352$3,933$3,551$3,203$2,887$2,279
11 years$3,916$3,502$3,127$2,788$2,483$1,906
12 years$3,553$3,143$2,775$2,445$2,152$1,606
13 years$3,246$2,840$2,479$2,159$1,876$1,360
14 years$2,983$2,582$2,227$1,916$1,645$1,157
15 years$2,755$2,358$2,011$1,709$1,448$989
16 years$2,556$2,164$1,823$1,530$1,280$847
17 years$2,381$1,993$1,659$1,375$1,135$728
18 years$2,225$1,841$1,515$1,239$1,009$627
19 years$2,086$1,707$1,387$1,120$899$541
20 years$1,961$1,586$1,272$1,014$803$468
21 years$1,848$1,477$1,170$920$719$405
22 years$1,745$1,379$1,079$837$644$351
23 years$1,652$1,290$996$762$578$304
24 years$1,566$1,208$921$695$520$264
25 years$1,488$1,134$853$635$468$230
26 years$1,415$1,066$791$580$421$200
27 years$1,348$1,003$735$531$380$174
28 years$1,286$945$683$487$343$151
29 years$1,228$892$636$446$310$132
30 years$1,175$842$592$410$280$115
31 years$1,124$796$552$376$253$100
32 years$1,077$753$515$346$229$87
33 years$1,033$713$481$318$207$76
34 years$992$676$449$293$187$66
35 years$953$641$420$269$170$58
36 years$916$609$393$248$154$50
37 years$882$578$368$229$139$44
38 years$849$549$344$211$126$38
39 years$818$522$323$194$115$33
40 years$789$497$302$179$104$29
41 years$761$473$284$165$94$26
42 years$735$451$266$153$86$22
43 years$709$429$250$141$78$19
44 years$686$409$234$130$70$17
45 years$663$390$220$120$64$15
46 years$641$372$207$111$58$13
47 years$620$355$194$102$53$11
48 years$600$339$182$95$48$10
49 years$581$324$171$88$44$9
50 years$563$309$161$81$40$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $577,000, adding $3,553 every year, while hoping to spend $24,761 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: 74/12/14 Blend
62$577,000$577,000$577,000$577,000
63$639,519$608,938$599,994$684,666
64$678,404$612,430$593,749$718,494
65$720,426$615,264$586,464$752,136
66$765,878$617,381$578,079$788,329
67$815,083$618,718$568,530$827,317
68$868,397$619,210$557,751$869,374
69$926,208$618,786$545,671$914,798
70$988,948$617,373$532,217$963,919
71$1,057,087$614,891$517,313$1,017,103
72$1,131,146$611,256$500,878$1,074,749
73$1,211,694$606,380$482,830$1,137,301
74$1,299,362$600,167$463,079$1,205,247
75$1,394,840$592,518$441,536$1,279,125
76$1,498,890$583,328$418,103$1,359,528
77$1,612,348$572,482$392,681$1,447,112
78$1,736,138$559,864$365,166$1,542,597
79$1,871,272$545,346$335,448$1,646,779
80$2,018,869$528,795$303,412$1,760,537
81$2,180,158$510,070$268,941$1,884,837
82$2,356,492$489,022$231,908$2,020,747
83$2,549,363$465,492$192,185$2,169,444
84$2,760,409$439,313$149,635$2,332,225
85$2,991,440$410,308$104,117$2,510,522
86$3,244,444$378,290$55,482$2,705,911
87$3,521,612$343,061$3,575$2,920,132
88$3,825,358$304,413$0$3,155,105
89$4,158,339$262,123$0$3,420,684
90$4,523,482$215,960$0$3,712,534
91$4,924,011$165,676$0$4,032,719
92$5,363,477$111,011$0$4,384,100
93$5,845,790$51,689$0$4,769,834
94$6,375,260$0$0$5,193,396
95$6,956,631$0$0$5,660,279
96$7,595,131$0$0$6,180,563
97$8,296,520$0$0$6,752,118
98$9,067,141$0$0$7,380,118
99$9,913,983$0$0$8,070,261
100$10,844,746$0$0$8,828,826