Can I retire at age 63 with 491,000?

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 $491,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$40,546$40,185$39,833$39,489$39,153$38,378
2 years$20,072$19,699$19,336$18,985$18,644$17,867
3 years$13,249$12,873$12,512$12,164$11,829$11,073
4 years$9,838$9,463$9,105$8,763$8,436$7,708
5 years$7,791$7,419$7,066$6,731$6,413$5,715
6 years$6,428$6,058$5,711$5,383$5,075$4,406
7 years$5,454$5,088$4,745$4,426$4,127$3,489
8 years$4,724$4,361$4,025$3,713$3,424$2,816
9 years$4,157$3,797$3,466$3,162$2,883$2,306
10 years$3,703$3,347$3,022$2,726$2,457$1,909
11 years$3,332$2,980$2,661$2,372$2,113$1,594
12 years$3,023$2,674$2,361$2,081$1,831$1,340
13 years$2,762$2,417$2,110$1,837$1,597$1,133
14 years$2,538$2,197$1,895$1,631$1,400$962
15 years$2,345$2,007$1,711$1,454$1,232$820
16 years$2,175$1,841$1,552$1,302$1,089$701
17 years$2,026$1,696$1,412$1,170$966$601
18 years$1,894$1,567$1,289$1,054$859$517
19 years$1,775$1,452$1,180$953$765$445
20 years$1,669$1,349$1,083$863$684$384
21 years$1,573$1,257$996$783$612$331
22 years$1,485$1,173$918$712$548$286
23 years$1,406$1,097$848$648$492$248
24 years$1,333$1,028$784$591$442$215
25 years$1,266$965$726$540$398$186
26 years$1,204$907$673$494$359$161
27 years$1,147$853$625$452$323$140
28 years$1,094$804$581$414$292$122
29 years$1,045$759$541$380$263$106
30 years$999$717$504$349$238$92
31 years$957$677$470$320$215$80
32 years$917$641$438$294$195$69
33 years$879$607$409$271$176$60
34 years$844$575$382$249$159$53
35 years$811$546$357$229$144$46
36 years$780$518$334$211$131$40
37 years$750$492$313$194$119$35
38 years$723$467$293$179$108$30
39 years$696$444$275$165$98$26
40 years$671$423$257$152$88$23
41 years$648$403$241$141$80$20
42 years$625$383$226$130$73$17
43 years$604$365$212$120$66$15
44 years$583$348$199$111$60$13
45 years$564$332$187$102$54$11
46 years$545$317$176$94$49$10
47 years$528$302$165$87$45$9
48 years$511$289$155$81$41$8
49 years$495$276$146$74$37$7
50 years$479$263$137$69$34$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $491,000, adding $5,725 every year, while hoping to spend $24,869 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: 84/8/8 Blend
62$491,000$491,000$491,000$491,000
63$546,987$520,964$513,354$591,954
64$576,320$520,031$504,091$621,249
65$607,810$518,219$493,684$649,463
66$641,653$515,458$482,069$679,678
67$678,061$511,675$469,177$712,079
68$717,268$506,791$454,940$746,870
69$759,531$500,725$439,281$784,274
70$805,131$493,389$422,125$824,541
71$854,378$484,689$403,390$867,942
72$907,613$474,526$382,992$914,776
73$965,209$462,798$360,842$965,375
74$1,027,579$449,394$336,848$1,020,102
75$1,095,173$434,195$310,914$1,079,358
76$1,168,490$417,080$282,939$1,143,585
77$1,248,076$397,917$252,817$1,213,269
78$1,334,532$376,567$220,439$1,288,946
79$1,428,520$352,885$185,689$1,371,207
80$1,530,768$326,715$148,449$1,460,703
81$1,642,075$297,893$108,591$1,558,151
82$1,763,324$266,247$65,986$1,664,341
83$1,895,484$231,594$20,497$1,780,143
84$2,039,622$193,740$0$1,906,519
85$2,196,911$152,482$0$2,046,920
86$2,368,646$107,603$0$2,202,141
87$2,556,248$58,876$0$2,371,727
88$2,761,285$6,061$0$2,557,110
89$2,985,481$0$0$2,759,864
90$3,230,736$0$0$2,986,223
91$3,499,139$0$0$3,234,540
92$3,792,994$0$0$3,506,412
93$4,114,836$0$0$3,804,187
94$4,467,457$0$0$4,130,449
95$4,853,931$0$0$4,488,044
96$5,277,646$0$0$4,880,106
97$5,742,332$0$0$5,310,089
98$6,252,096$0$0$5,781,795
99$6,811,463$0$0$6,299,412
100$7,425,417$0$0$6,867,554