Can I retire at age 63 with 485,000?

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 $485,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$40,051$39,694$39,346$39,006$38,675$38,271
2 years$19,827$19,458$19,100$18,753$18,416$18,010
3 years$13,087$12,716$12,359$12,015$11,684$11,287
4 years$9,717$9,348$8,994$8,656$8,333$7,949
5 years$7,696$7,329$6,980$6,649$6,335$5,965
6 years$6,349$5,984$5,641$5,317$5,013$4,657
7 years$5,387$5,026$4,687$4,372$4,077$3,735
8 years$4,666$4,308$3,975$3,667$3,382$3,055
9 years$4,106$3,751$3,424$3,124$2,848$2,536
10 years$3,658$3,306$2,985$2,693$2,427$2,129
11 years$3,291$2,943$2,628$2,343$2,087$1,803
12 years$2,986$2,642$2,332$2,055$1,809$1,538
13 years$2,728$2,387$2,084$1,815$1,577$1,320
14 years$2,507$2,170$1,872$1,611$1,382$1,139
15 years$2,316$1,982$1,690$1,437$1,217$986
16 years$2,149$1,819$1,533$1,286$1,076$857
17 years$2,001$1,675$1,395$1,156$954$747
18 years$1,870$1,548$1,273$1,042$848$652
19 years$1,753$1,434$1,165$941$756$571
20 years$1,648$1,333$1,070$852$675$501
21 years$1,553$1,242$984$774$604$440
22 years$1,467$1,159$907$703$542$387
23 years$1,388$1,084$837$641$486$341
24 years$1,317$1,016$774$584$437$301
25 years$1,250$953$717$534$393$266
26 years$1,189$896$665$488$354$235
27 years$1,133$843$618$447$319$208
28 years$1,081$794$574$409$288$184
29 years$1,032$749$534$375$260$163
30 years$987$708$498$344$235$144
31 years$945$669$464$316$213$127
32 years$906$633$433$291$192$113
33 years$869$600$404$267$174$100
34 years$834$568$378$246$158$89
35 years$801$539$353$226$143$79
36 years$770$512$330$208$129$70
37 years$741$486$309$192$117$62
38 years$714$462$290$177$106$55
39 years$688$439$271$163$96$49
40 years$663$418$254$151$87$43
41 years$640$398$238$139$79$39
42 years$617$379$224$128$72$34
43 years$596$361$210$118$65$30
44 years$576$344$197$109$59$27
45 years$557$328$185$101$54$24
46 years$539$313$174$93$49$21
47 years$521$299$163$86$44$19
48 years$505$285$153$80$40$17
49 years$489$272$144$74$37$15
50 years$474$260$136$68$33$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $485,000, adding $5,097 every year, while hoping to spend $20,845 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: 66/19/15 Blend
62$485,000$485,000$485,000$485,000
63$539,728$514,023$506,505$573,096
64$572,601$517,031$501,294$599,038
65$608,129$519,488$495,210$624,481
66$646,559$521,344$488,201$651,775
67$688,167$522,549$480,214$681,100
68$733,252$523,045$471,193$712,654
69$782,144$522,775$461,079$746,657
70$835,208$521,676$449,810$783,352
71$892,843$519,682$437,322$823,006
72$955,488$516,722$423,548$865,915
73$1,023,628$512,721$408,417$912,404
74$1,097,794$507,601$391,855$962,834
75$1,178,573$501,277$373,786$1,017,603
76$1,266,609$493,661$354,129$1,077,148
77$1,362,610$484,658$332,800$1,141,953
78$1,467,358$474,168$309,711$1,212,554
79$1,581,712$462,085$284,769$1,289,539
80$1,706,618$448,298$257,880$1,373,560
81$1,843,116$432,689$228,942$1,465,334
82$1,992,354$415,130$197,852$1,565,655
83$2,155,593$395,490$164,499$1,675,397
84$2,334,222$373,629$128,769$1,795,524
85$2,529,773$349,397$90,543$1,927,103
86$2,743,931$322,637$49,696$2,071,308
87$2,978,550$293,185$6,099$2,229,435
88$3,235,674$260,863$0$2,402,915
89$3,517,555$225,487$0$2,599,796
90$3,826,670$186,861$0$2,816,812
91$4,165,750$144,777$0$3,054,929
92$4,537,803$99,017$0$3,316,292
93$4,946,139$49,350$0$3,603,262
94$5,394,409$0$0$3,918,445
95$5,886,631$0$0$4,265,647
96$6,427,232$0$0$4,658,339
97$7,021,090$0$0$5,089,750
98$7,673,577$0$0$5,563,786
99$8,390,613$0$0$6,084,754
100$9,178,717$0$0$6,657,394