Can I retire at age 63 with 484,000?

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 $484,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$39,968$39,612$39,265$38,926$38,595$38,271
2 years$19,786$19,418$19,061$18,714$18,378$18,053
3 years$13,060$12,690$12,333$11,990$11,660$11,342
4 years$9,697$9,328$8,976$8,638$8,316$8,008
5 years$7,680$7,313$6,965$6,635$6,322$6,024
6 years$6,336$5,972$5,629$5,306$5,002$4,716
7 years$5,376$5,015$4,678$4,363$4,068$3,793
8 years$4,657$4,299$3,967$3,660$3,375$3,112
9 years$4,097$3,743$3,417$3,117$2,842$2,590
10 years$3,650$3,299$2,979$2,687$2,422$2,181
11 years$3,285$2,937$2,623$2,339$2,083$1,853
12 years$2,980$2,636$2,328$2,051$1,805$1,586
13 years$2,723$2,382$2,079$1,811$1,574$1,365
14 years$2,502$2,166$1,868$1,608$1,380$1,181
15 years$2,311$1,978$1,687$1,434$1,215$1,027
16 years$2,144$1,815$1,529$1,284$1,074$895
17 years$1,997$1,672$1,392$1,153$952$783
18 years$1,867$1,545$1,270$1,039$846$686
19 years$1,750$1,432$1,163$939$754$603
20 years$1,645$1,330$1,067$851$674$531
21 years$1,550$1,239$982$772$603$468
22 years$1,464$1,157$905$702$541$414
23 years$1,386$1,082$835$639$485$366
24 years$1,314$1,014$773$583$436$324
25 years$1,248$951$716$532$392$287
26 years$1,187$894$664$487$353$255
27 years$1,131$841$616$446$319$226
28 years$1,079$793$573$408$288$201
29 years$1,030$748$533$374$260$178
30 years$985$706$497$344$235$159
31 years$943$668$463$316$212$141
32 years$904$632$432$290$192$126
33 years$867$598$403$267$174$112
34 years$832$567$377$245$157$100
35 years$799$538$352$226$142$89
36 years$769$510$330$208$129$79
37 years$740$485$309$192$117$70
38 years$712$461$289$177$106$63
39 years$686$438$271$163$96$56
40 years$662$417$254$150$87$50
41 years$638$397$238$139$79$44
42 years$616$378$223$128$72$40
43 years$595$360$209$118$65$35
44 years$575$343$197$109$59$32
45 years$556$327$185$101$54$28
46 years$538$312$173$93$49$25
47 years$520$298$163$86$44$22
48 years$504$284$153$79$40$20
49 years$488$272$144$73$37$18
50 years$473$259$135$68$33$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $484,000, adding $4,230 every year, while hoping to spend $39,003 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: 67/15/18 Blend
62$484,000$484,000$484,000$484,000
63$537,731$512,079$504,577$571,114
64$551,081$495,672$479,982$577,561
65$564,485$477,154$453,255$579,679
66$577,908$456,380$424,285$581,042
67$591,309$433,197$392,953$581,574
68$604,643$407,444$359,137$581,193
69$617,857$378,949$322,708$579,809
70$630,891$347,531$283,532$577,327
71$643,681$312,999$241,469$573,640
72$656,152$275,151$196,373$568,636
73$668,219$233,773$148,091$562,189
74$679,789$188,639$96,464$554,167
75$690,756$139,511$41,324$544,422
76$701,003$86,137$0$532,797
77$710,399$28,252$0$522,483
78$718,797$0$0$518,617
79$726,033$0$0$518,769
80$731,927$0$0$522,575
81$736,274$0$0$525,223
82$738,849$0$0$526,545
83$739,403$0$0$526,357
84$737,657$0$0$524,451
85$733,303$0$0$520,600
86$725,996$0$0$514,549
87$715,359$0$0$506,018
88$700,968$0$0$494,695
89$682,358$0$0$480,234
90$659,012$0$0$462,254
91$630,356$0$0$440,330
92$595,757$0$0$413,994
93$554,514$0$0$382,728
94$505,850$0$0$345,957
95$448,909$0$0$303,047
96$382,740$0$0$253,298
97$306,296$0$0$195,933
98$218,417$0$0$130,096
99$117,821$0$0$54,841
100$3,095$0$0$0