Can I retire at age 63 with 490,000?

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 $490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$40,464$40,103$39,752$39,408$39,073$37,898
2 years$20,032$19,658$19,297$18,946$18,606$17,433
3 years$13,222$12,847$12,486$12,139$11,805$10,669
4 years$9,817$9,444$9,087$8,746$8,419$7,330
5 years$7,775$7,404$7,052$6,717$6,400$5,360
6 years$6,415$6,046$5,699$5,372$5,064$4,075
7 years$5,443$5,077$4,736$4,417$4,119$3,180
8 years$4,714$4,352$4,016$3,705$3,417$2,528
9 years$4,148$3,789$3,459$3,156$2,877$2,037
10 years$3,695$3,340$3,016$2,720$2,452$1,659
11 years$3,325$2,974$2,655$2,368$2,109$1,363
12 years$3,017$2,669$2,356$2,077$1,827$1,126
13 years$2,756$2,412$2,105$1,833$1,593$936
14 years$2,533$2,192$1,892$1,627$1,397$781
15 years$2,340$2,003$1,708$1,451$1,230$653
16 years$2,171$1,838$1,548$1,300$1,087$549
17 years$2,022$1,692$1,409$1,168$964$462
18 years$1,890$1,564$1,286$1,052$857$389
19 years$1,772$1,449$1,177$951$764$329
20 years$1,665$1,347$1,081$861$682$278
21 years$1,569$1,254$994$782$610$235
22 years$1,482$1,171$916$711$547$199
23 years$1,403$1,095$846$647$491$169
24 years$1,330$1,026$782$590$442$143
25 years$1,263$963$725$539$397$122
26 years$1,202$905$672$493$358$103
27 years$1,145$852$624$451$323$88
28 years$1,092$803$580$413$291$75
29 years$1,043$757$540$379$263$64
30 years$997$715$503$348$238$54
31 years$955$676$469$319$215$46
32 years$915$640$437$294$194$39
33 years$878$606$408$270$176$33
34 years$842$574$382$248$159$28
35 years$809$544$357$229$144$24
36 years$778$517$334$211$131$21
37 years$749$491$312$194$118$17
38 years$721$466$292$179$107$15
39 years$695$444$274$165$97$13
40 years$670$422$257$152$88$11
41 years$646$402$241$140$80$9
42 years$624$383$226$130$73$8
43 years$603$365$212$120$66$7
44 years$582$347$199$110$60$6
45 years$563$331$187$102$54$5
46 years$544$316$175$94$49$4
47 years$527$302$165$87$45$4
48 years$510$288$155$80$41$3
49 years$494$275$146$74$37$3
50 years$478$263$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 $490,000, adding $6,837 every year, while hoping to spend $31,035 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: 62/33/5 Blend
62$490,000$490,000$490,000$490,000
63$547,032$521,062$513,467$580,092
64$569,809$513,573$497,648$595,493
65$593,868$504,677$480,258$608,038
66$619,308$494,272$461,212$620,921
67$646,237$482,251$440,422$634,173
68$674,771$468,499$417,794$647,831
69$705,038$452,895$393,230$661,935
70$737,177$435,313$366,628$676,532
71$771,341$415,616$337,883$691,672
72$807,698$393,661$306,882$707,415
73$846,431$369,297$273,510$723,828
74$887,739$342,365$237,644$740,986
75$931,842$312,694$199,159$758,975
76$978,980$280,107$157,922$777,888
77$1,029,417$244,414$113,793$797,835
78$1,083,443$205,415$66,630$818,936
79$1,141,373$162,899$16,281$841,327
80$1,203,556$116,644$0$865,161
81$1,270,372$66,414$0$892,605
82$1,342,242$11,960$0$922,911
83$1,419,625$0$0$955,432
84$1,503,026$0$0$1,007,478
85$1,593,000$0$0$1,068,339
86$1,690,156$0$0$1,134,088
87$1,795,164$0$0$1,205,182
88$1,908,759$0$0$1,282,123
89$2,031,753$0$0$1,365,463
90$2,165,033$0$0$1,455,810
91$2,309,577$0$0$1,553,830
92$2,466,463$0$0$1,660,259
93$2,636,871$0$0$1,775,904
94$2,822,105$0$0$1,901,653
95$3,023,595$0$0$2,038,484
96$3,242,916$0$0$2,187,471
97$3,481,802$0$0$2,349,799
98$3,742,160$0$0$2,526,769
99$4,026,089$0$0$2,719,815
100$4,335,898$0$0$2,930,513