Can I retire at age 63 with 592,000?

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 $592,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$48,887$48,451$48,026$47,612$47,207$46,521
2 years$24,201$23,751$23,314$22,890$22,479$21,790
3 years$15,974$15,521$15,086$14,666$14,262$13,590
4 years$11,861$11,410$10,978$10,566$10,172$9,522
5 years$9,394$8,945$8,520$8,116$7,732$7,108
6 years$7,750$7,305$6,885$6,490$6,118$5,519
7 years$6,576$6,134$5,722$5,336$4,976$4,403
8 years$5,696$5,258$4,852$4,476$4,128$3,581
9 years$5,012$4,578$4,179$3,813$3,476$2,954
10 years$4,465$4,036$3,644$3,287$2,962$2,465
11 years$4,017$3,593$3,208$2,860$2,547$2,075
12 years$3,645$3,225$2,847$2,509$2,208$1,759
13 years$3,330$2,914$2,543$2,215$1,925$1,500
14 years$3,060$2,649$2,285$1,966$1,687$1,285
15 years$2,827$2,420$2,063$1,754$1,486$1,105
16 years$2,623$2,220$1,871$1,570$1,313$954
17 years$2,443$2,045$1,702$1,411$1,164$825
18 years$2,283$1,889$1,554$1,271$1,035$716
19 years$2,140$1,751$1,423$1,149$923$622
20 years$2,012$1,627$1,306$1,040$824$542
21 years$1,896$1,516$1,201$944$738$473
22 years$1,791$1,415$1,107$859$661$413
23 years$1,695$1,323$1,022$782$593$361
24 years$1,607$1,240$945$713$533$316
25 years$1,526$1,163$875$651$480$277
26 years$1,452$1,093$812$595$432$242
27 years$1,383$1,029$754$545$390$213
28 years$1,319$970$701$499$352$187
29 years$1,260$915$652$458$318$164
30 years$1,205$864$607$420$287$144
31 years$1,154$817$566$386$259$126
32 years$1,105$773$528$355$235$111
33 years$1,060$732$493$326$212$98
34 years$1,018$694$461$300$192$86
35 years$978$658$431$276$174$76
36 years$940$624$403$254$158$66
37 years$905$593$377$234$143$59
38 years$871$564$353$216$130$51
39 years$839$536$331$199$118$45
40 years$809$510$310$184$107$40
41 years$781$485$291$170$97$35
42 years$754$462$273$156$88$31
43 years$728$440$256$144$80$27
44 years$703$420$240$133$72$24
45 years$680$400$226$123$66$21
46 years$658$382$212$114$60$19
47 years$636$364$199$105$54$16
48 years$616$348$187$97$49$14
49 years$597$332$176$90$45$13
50 years$578$317$165$83$41$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $592,000, adding $3,678 every year, while hoping to spend $21,164 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: 44/42/14 Blend
62$592,000$592,000$592,000$592,000
63$656,178$624,802$615,626$682,251
64$700,590$632,899$613,731$708,925
65$748,822$640,683$611,063$735,405
66$801,243$648,117$607,575$763,645
67$858,255$655,161$603,214$793,814
68$920,305$661,771$597,929$826,103
69$987,880$667,903$591,665$860,721
70$1,061,520$673,506$584,361$897,897
71$1,141,817$678,530$575,959$937,889
72$1,229,423$682,918$566,394$980,979
73$1,325,055$686,612$555,600$1,027,478
74$1,429,505$689,550$543,506$1,077,734
75$1,543,641$691,664$530,040$1,132,127
76$1,668,421$692,884$515,125$1,191,080
77$1,804,899$693,135$498,681$1,255,059
78$1,954,237$692,337$480,625$1,324,580
79$2,117,712$690,404$460,869$1,400,213
80$2,296,732$687,247$439,321$1,482,587
81$2,492,847$682,771$415,887$1,572,398
82$2,707,764$676,873$390,466$1,670,414
83$2,943,362$669,447$362,953$1,777,486
84$3,201,714$660,378$333,240$1,894,550
85$3,485,098$649,546$301,213$2,022,644
86$3,796,027$636,823$266,753$2,162,910
87$4,137,267$622,072$229,734$2,316,615
88$4,511,866$605,152$190,028$2,485,152
89$4,923,181$585,909$147,499$2,670,063
90$5,374,910$564,183$102,005$2,873,051
91$5,871,126$539,804$53,398$3,095,994
92$6,416,318$512,591$1,524$3,340,967
93$7,015,430$482,355$0$3,610,259
94$7,673,906$448,893$0$3,914,441
95$8,397,749$411,993$0$4,249,027
96$9,193,569$371,430$0$4,616,894
97$10,068,649$326,966$0$5,021,470
98$11,031,012$278,349$0$5,466,534
99$12,089,501$225,314$0$5,956,256
100$13,253,856$167,579$0$6,495,235