Can I retire at age 63 with 483,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $483,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$39,886$39,530$39,184$38,845$38,515$37,908
2 years$19,745$19,378$19,021$18,676$18,341$17,731
3 years$13,033$12,664$12,308$11,966$11,636$11,042
4 years$9,677$9,309$8,957$8,621$8,299$7,726
5 years$7,664$7,298$6,951$6,621$6,309$5,758
6 years$6,323$5,960$5,617$5,295$4,992$4,464
7 years$5,365$5,005$4,668$4,354$4,060$3,555
8 years$4,647$4,290$3,959$3,652$3,368$2,886
9 years$4,089$3,735$3,410$3,111$2,836$2,377
10 years$3,643$3,293$2,973$2,681$2,417$1,980
11 years$3,278$2,931$2,617$2,334$2,078$1,663
12 years$2,974$2,631$2,323$2,047$1,801$1,407
13 years$2,717$2,378$2,075$1,807$1,571$1,198
14 years$2,497$2,161$1,865$1,604$1,377$1,024
15 years$2,306$1,974$1,683$1,431$1,212$879
16 years$2,140$1,811$1,526$1,281$1,071$757
17 years$1,993$1,668$1,389$1,151$950$654
18 years$1,863$1,541$1,268$1,037$845$566
19 years$1,746$1,429$1,161$937$753$491
20 years$1,642$1,328$1,065$849$672$426
21 years$1,547$1,237$980$770$602$371
22 years$1,461$1,154$903$700$539$323
23 years$1,383$1,080$834$638$484$282
24 years$1,311$1,011$771$582$435$246
25 years$1,245$949$714$531$392$215
26 years$1,185$892$662$486$353$188
27 years$1,128$840$615$445$318$165
28 years$1,077$791$572$407$287$144
29 years$1,028$746$532$374$259$126
30 years$983$705$496$343$234$111
31 years$941$666$462$315$212$97
32 years$902$630$431$289$191$85
33 years$865$597$403$266$173$74
34 years$830$566$376$245$157$65
35 years$798$537$352$225$142$57
36 years$767$509$329$208$129$50
37 years$738$484$308$191$117$44
38 years$711$460$288$176$106$39
39 years$685$437$270$163$96$34
40 years$660$416$253$150$87$30
41 years$637$396$237$138$79$26
42 years$615$377$223$128$72$23
43 years$594$359$209$118$65$20
44 years$574$343$196$109$59$18
45 years$555$327$184$101$54$16
46 years$537$312$173$93$49$14
47 years$519$297$163$86$44$12
48 years$503$284$153$79$40$11
49 years$487$271$144$73$36$9
50 years$472$259$135$68$33$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $483,000, adding $6,418 every year, while hoping to spend $26,610 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: 60/14/26 Blend
62$483,000$483,000$483,000$483,000
63$538,886$513,287$505,801$567,098
64$565,540$510,125$494,432$583,884
65$594,020$505,917$481,791$598,769
66$624,485$500,582$467,806$614,442
67$657,109$494,037$452,404$630,986
68$692,082$486,193$435,507$648,493
69$729,613$476,954$417,035$667,065
70$769,930$466,221$396,902$686,816
71$813,285$453,888$375,021$707,874
72$859,954$439,843$351,298$730,380
73$910,240$423,966$325,638$754,490
74$964,477$406,133$297,939$780,380
75$1,023,030$386,209$268,095$808,243
76$1,086,300$364,055$235,998$838,296
77$1,154,730$339,522$201,532$870,776
78$1,228,806$312,451$164,576$905,951
79$1,309,060$282,677$125,005$944,116
80$1,396,080$250,024$82,689$985,596
81$1,490,511$214,306$37,490$1,030,756
82$1,593,063$175,327$0$1,079,996
83$1,704,517$132,880$0$1,136,745
84$1,825,732$86,745$0$1,209,808
85$1,957,652$36,691$0$1,289,364
86$2,101,317$0$0$1,376,065
87$2,257,871$0$0$1,473,329
88$2,428,575$0$0$1,585,581
89$2,614,812$0$0$1,708,085
90$2,818,109$0$0$1,841,849
91$3,040,145$0$0$1,987,982
92$3,282,768$0$0$2,147,707
93$3,548,013$0$0$2,322,367
94$3,838,121$0$0$2,513,443
95$4,155,559$0$0$2,722,567
96$4,503,042$0$0$2,951,533
97$4,883,563$0$0$3,202,318
98$5,300,415$0$0$3,477,100
99$5,757,226$0$0$3,778,276
100$6,257,991$0$0$4,108,487