Can I retire at age 63 with 489,000?

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 $489,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$40,381$40,021$39,671$39,328$38,994$37,791
2 years$19,991$19,618$19,258$18,908$18,568$17,367
3 years$13,195$12,821$12,461$12,114$11,781$10,618
4 years$9,797$9,425$9,068$8,728$8,402$7,288
5 years$7,760$7,389$7,037$6,704$6,387$5,324
6 years$6,401$6,034$5,687$5,361$5,054$4,043
7 years$5,432$5,067$4,726$4,408$4,110$3,151
8 years$4,705$4,343$4,008$3,697$3,410$2,502
9 years$4,140$3,782$3,452$3,149$2,872$2,014
10 years$3,688$3,333$3,010$2,715$2,447$1,639
11 years$3,318$2,968$2,650$2,363$2,104$1,344
12 years$3,011$2,664$2,352$2,072$1,823$1,109
13 years$2,751$2,407$2,101$1,830$1,590$920
14 years$2,528$2,188$1,888$1,624$1,394$767
15 years$2,335$1,999$1,704$1,448$1,227$641
16 years$2,166$1,834$1,545$1,297$1,085$537
17 years$2,018$1,689$1,406$1,165$962$451
18 years$1,886$1,561$1,284$1,050$855$380
19 years$1,768$1,446$1,175$949$762$320
20 years$1,662$1,344$1,078$859$681$270
21 years$1,566$1,252$992$780$609$229
22 years$1,479$1,169$914$709$546$193
23 years$1,400$1,093$844$646$490$164
24 years$1,327$1,024$781$589$441$139
25 years$1,261$961$723$538$396$118
26 years$1,199$903$671$492$357$100
27 years$1,143$850$623$450$322$85
28 years$1,090$801$579$413$291$72
29 years$1,041$756$539$378$262$61
30 years$995$714$502$347$237$52
31 years$953$675$468$319$214$44
32 years$913$638$436$293$194$37
33 years$876$604$408$269$175$32
34 years$841$573$381$248$159$27
35 years$808$543$356$228$144$23
36 years$777$516$333$210$130$19
37 years$747$490$312$194$118$17
38 years$720$466$292$179$107$14
39 years$693$443$273$165$97$12
40 years$669$421$256$152$88$10
41 years$645$401$240$140$80$9
42 years$623$382$225$129$73$7
43 years$601$364$212$119$66$6
44 years$581$347$199$110$60$5
45 years$562$331$186$102$54$5
46 years$543$315$175$94$49$4
47 years$526$301$165$87$45$3
48 years$509$287$155$80$41$3
49 years$493$274$145$74$37$2
50 years$477$262$137$69$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $489,000, adding $6,282 every year, while hoping to spend $21,375 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$489,000$489,000$489,000$489,000
63$545,358$519,441$511,861$579,086
64$578,242$522,151$506,266$605,138
65$613,763$524,277$499,767$630,549
66$652,169$525,768$492,311$657,814
67$693,729$526,570$483,843$687,113
68$738,743$526,626$474,305$718,647
69$787,537$525,873$463,636$752,637
70$840,472$524,246$451,774$789,326
71$897,942$521,677$438,651$828,984
72$960,385$518,092$424,198$871,908
73$1,028,279$513,413$408,343$918,426
74$1,102,151$507,557$391,010$968,900
75$1,182,581$500,438$372,120$1,023,731
76$1,270,207$491,963$351,589$1,083,358
77$1,365,732$482,033$329,331$1,148,269
78$1,469,928$470,543$305,255$1,219,002
79$1,583,646$457,386$279,266$1,296,150
80$1,707,823$442,442$251,266$1,380,368
81$1,843,489$425,590$221,152$1,472,378
82$1,991,779$406,698$188,814$1,572,977
83$2,153,943$385,628$154,142$1,683,046
84$2,331,355$362,235$117,016$1,803,555
85$2,525,532$336,363$77,315$1,935,576
86$2,738,141$307,850$34,910$2,080,291
87$2,971,019$276,522$0$2,239,003
88$3,226,188$242,196$0$2,415,140
89$3,505,877$204,681$0$2,615,585
90$3,812,538$163,772$0$2,835,405
91$4,148,874$119,254$0$3,076,563
92$4,517,861$70,900$0$3,341,220
93$4,922,778$18,469$0$3,631,758
94$5,367,235$0$0$3,950,804
95$5,855,210$0$0$4,307,571
96$6,391,085$0$0$4,702,739
97$6,979,686$0$0$5,136,821
98$7,626,332$0$0$5,613,744
99$8,336,878$0$0$6,137,831
100$9,117,780$0$0$6,713,846