Can I retire at age 63 with 486,000?

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 $486,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$40,133$39,776$39,427$39,087$38,754$37,894
2 years$19,868$19,498$19,139$18,792$18,454$17,593
3 years$13,114$12,742$12,384$12,040$11,708$10,871
4 years$9,737$9,367$9,013$8,674$8,350$7,545
5 years$7,712$7,344$6,994$6,663$6,348$5,576
6 years$6,362$5,997$5,652$5,328$5,023$4,285
7 years$5,398$5,036$4,697$4,381$4,085$3,382
8 years$4,676$4,317$3,984$3,675$3,389$2,720
9 years$4,114$3,759$3,431$3,130$2,854$2,219
10 years$3,665$3,313$2,991$2,698$2,432$1,830
11 years$3,298$2,949$2,633$2,348$2,091$1,522
12 years$2,992$2,647$2,337$2,060$1,812$1,275
13 years$2,734$2,392$2,088$1,818$1,580$1,073
14 years$2,512$2,175$1,876$1,614$1,385$908
15 years$2,321$1,986$1,694$1,440$1,220$771
16 years$2,153$1,823$1,536$1,289$1,078$656
17 years$2,005$1,678$1,397$1,158$956$560
18 years$1,874$1,551$1,276$1,044$850$479
19 years$1,757$1,437$1,168$943$758$411
20 years$1,652$1,336$1,072$854$677$353
21 years$1,557$1,244$986$775$606$303
22 years$1,470$1,161$909$705$543$261
23 years$1,391$1,086$839$642$487$225
24 years$1,319$1,018$776$585$438$194
25 years$1,253$955$719$535$394$167
26 years$1,192$898$666$489$355$144
27 years$1,135$845$619$447$320$125
28 years$1,083$796$575$410$289$108
29 years$1,035$751$535$376$261$93
30 years$989$709$499$345$236$81
31 years$947$670$465$317$213$70
32 years$907$634$434$291$193$60
33 years$870$601$405$268$174$52
34 years$836$569$378$246$158$45
35 years$803$540$354$227$143$39
36 years$772$513$331$209$130$34
37 years$743$487$310$192$117$29
38 years$715$463$290$177$106$25
39 years$689$440$272$164$97$22
40 years$664$419$255$151$88$19
41 years$641$398$239$139$79$16
42 years$619$379$224$128$72$14
43 years$598$362$210$119$65$12
44 years$577$345$197$110$59$11
45 years$558$329$185$101$54$9
46 years$540$314$174$93$49$8
47 years$522$299$164$86$44$7
48 years$506$286$154$80$40$6
49 years$490$273$144$74$37$5
50 years$475$261$136$68$33$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $486,000, adding $2,500 every year, while hoping to spend $20,198 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: 69/25/6 Blend
62$486,000$486,000$486,000$486,000
63$538,151$512,393$504,860$574,662
64$571,552$516,009$500,282$602,761
65$607,682$519,126$494,874$630,774
66$646,800$521,698$488,587$660,862
67$689,188$523,675$481,368$693,224
68$735,156$525,006$473,165$728,081
69$785,047$525,636$463,921$765,674
70$839,236$525,507$453,576$806,269
71$898,136$524,555$442,070$850,162
72$962,204$522,716$429,337$897,677
73$1,031,939$519,919$415,310$949,172
74$1,107,892$516,090$399,918$1,005,043
75$1,190,669$511,151$383,087$1,065,724
76$1,280,937$505,017$364,740$1,131,696
77$1,379,430$497,601$344,797$1,203,490
78$1,486,957$488,808$323,172$1,281,690
79$1,604,406$478,539$299,778$1,366,941
80$1,732,757$466,689$274,522$1,459,954
81$1,873,088$453,146$247,308$1,561,514
82$2,026,586$437,793$218,036$1,672,486
83$2,194,557$420,505$186,600$1,793,825
84$2,378,441$401,149$152,891$1,926,584
85$2,579,823$379,586$116,793$2,071,924
86$2,800,447$355,668$78,188$2,231,125
87$3,042,236$329,239$36,950$2,405,602
88$3,307,305$300,133$0$2,596,911
89$3,597,987$268,176$0$2,807,223
90$3,916,848$233,183$0$3,040,535
91$4,266,717$194,960$0$3,296,578
92$4,650,709$153,299$0$3,577,668
93$5,072,254$107,984$0$3,886,355
94$5,535,133$58,784$0$4,225,454
95$6,043,510$5,457$0$4,598,067
96$6,601,970$0$0$5,007,614
97$7,215,566$0$0$5,472,242
98$7,889,866$0$0$5,984,515
99$8,631,001$0$0$6,547,594
100$9,445,728$0$0$7,166,615