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%16.5%
1 years$40,133$39,776$39,427$39,087$38,754$37,726
2 years$19,868$19,498$19,139$18,792$18,454$17,425
3 years$13,114$12,742$12,384$12,040$11,708$10,711
4 years$9,737$9,367$9,013$8,674$8,350$7,392
5 years$7,712$7,344$6,994$6,663$6,348$5,432
6 years$6,362$5,997$5,652$5,328$5,023$4,150
7 years$5,398$5,036$4,697$4,381$4,085$3,255
8 years$4,676$4,317$3,984$3,675$3,389$2,601
9 years$4,114$3,759$3,431$3,130$2,854$2,108
10 years$3,665$3,313$2,991$2,698$2,432$1,727
11 years$3,298$2,949$2,633$2,348$2,091$1,426
12 years$2,992$2,647$2,337$2,060$1,812$1,186
13 years$2,734$2,392$2,088$1,818$1,580$991
14 years$2,512$2,175$1,876$1,614$1,385$832
15 years$2,321$1,986$1,694$1,440$1,220$701
16 years$2,153$1,823$1,536$1,289$1,078$592
17 years$2,005$1,678$1,397$1,158$956$501
18 years$1,874$1,551$1,276$1,044$850$426
19 years$1,757$1,437$1,168$943$758$362
20 years$1,652$1,336$1,072$854$677$308
21 years$1,557$1,244$986$775$606$263
22 years$1,470$1,161$909$705$543$224
23 years$1,391$1,086$839$642$487$191
24 years$1,319$1,018$776$585$438$164
25 years$1,253$955$719$535$394$140
26 years$1,192$898$666$489$355$120
27 years$1,135$845$619$447$320$102
28 years$1,083$796$575$410$289$88
29 years$1,035$751$535$376$261$75
30 years$989$709$499$345$236$64
31 years$947$670$465$317$213$55
32 years$907$634$434$291$193$47
33 years$870$601$405$268$174$41
34 years$836$569$378$246$158$35
35 years$803$540$354$227$143$30
36 years$772$513$331$209$130$26
37 years$743$487$310$192$117$22
38 years$715$463$290$177$106$19
39 years$689$440$272$164$97$16
40 years$664$419$255$151$88$14
41 years$641$398$239$139$79$12
42 years$619$379$224$128$72$10
43 years$598$362$210$119$65$9
44 years$577$345$197$110$59$8
45 years$558$329$185$101$54$6
46 years$540$314$174$93$49$6
47 years$522$299$164$86$44$5
48 years$506$286$154$80$40$4
49 years$490$273$144$74$37$4
50 years$475$261$136$68$33$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $486,000, adding $6,197 every year, while hoping to spend $37,703 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: 25/46/29 Blend
62$486,000$486,000$486,000$486,000
63$541,964$516,206$508,673$550,489
64$557,129$501,385$485,598$543,285
65$572,577$484,573$460,486$531,975
66$588,297$465,634$433,230$519,074
67$604,276$444,423$403,716$504,472
68$620,498$420,786$371,826$488,058
69$636,944$394,560$337,437$469,709
70$653,592$365,573$300,421$449,299
71$670,416$333,643$260,643$426,693
72$687,385$298,579$217,962$401,747
73$704,467$260,178$172,232$374,310
74$721,620$218,224$123,299$344,222
75$738,800$172,492$71,004$311,313
76$755,954$122,741$15,180$275,404
77$773,025$68,719$0$236,304
78$789,946$10,158$0$207,548
79$806,643$0$0$181,092
80$823,030$0$0$179,007
81$839,013$0$0$181,907
82$854,485$0$0$184,618
83$869,328$0$0$187,107
84$883,406$0$0$189,336
85$896,570$0$0$191,260
86$908,654$0$0$192,833
87$919,470$0$0$194,002
88$928,811$0$0$194,707
89$936,444$0$0$194,882
90$942,112$0$0$194,456
91$945,528$0$0$193,347
92$946,373$0$0$191,464
93$944,293$0$0$188,709
94$938,894$0$0$184,972
95$929,741$0$0$180,129
96$916,349$0$0$174,045
97$898,182$0$0$166,570
98$874,645$0$0$157,538
99$845,080$0$0$146,765
100$808,759$0$0$134,047