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%19%
1 years$40,546$40,185$39,833$39,489$39,153$37,734
2 years$20,072$19,699$19,336$18,985$18,644$17,230
3 years$13,249$12,873$12,512$12,164$11,829$10,464
4 years$9,838$9,463$9,105$8,763$8,436$7,131
5 years$7,791$7,419$7,066$6,731$6,413$5,171
6 years$6,428$6,058$5,711$5,383$5,075$3,897
7 years$5,454$5,088$4,745$4,426$4,127$3,013
8 years$4,724$4,361$4,025$3,713$3,424$2,373
9 years$4,157$3,797$3,466$3,162$2,883$1,894
10 years$3,703$3,347$3,022$2,726$2,457$1,527
11 years$3,332$2,980$2,661$2,372$2,113$1,241
12 years$3,023$2,674$2,361$2,081$1,831$1,015
13 years$2,762$2,417$2,110$1,837$1,597$834
14 years$2,538$2,197$1,895$1,631$1,400$688
15 years$2,345$2,007$1,711$1,454$1,232$569
16 years$2,175$1,841$1,552$1,302$1,089$473
17 years$2,026$1,696$1,412$1,170$966$393
18 years$1,894$1,567$1,289$1,054$859$327
19 years$1,775$1,452$1,180$953$765$273
20 years$1,669$1,349$1,083$863$684$228
21 years$1,573$1,257$996$783$612$191
22 years$1,485$1,173$918$712$548$160
23 years$1,406$1,097$848$648$492$134
24 years$1,333$1,028$784$591$442$112
25 years$1,266$965$726$540$398$94
26 years$1,204$907$673$494$359$79
27 years$1,147$853$625$452$323$66
28 years$1,094$804$581$414$292$55
29 years$1,045$759$541$380$263$46
30 years$999$717$504$349$238$39
31 years$957$677$470$320$215$33
32 years$917$641$438$294$195$28
33 years$879$607$409$271$176$23
34 years$844$575$382$249$159$19
35 years$811$546$357$229$144$16
36 years$780$518$334$211$131$14
37 years$750$492$313$194$119$12
38 years$723$467$293$179$108$10
39 years$696$444$275$165$98$8
40 years$671$423$257$152$88$7
41 years$648$403$241$141$80$6
42 years$625$383$226$130$73$5
43 years$604$365$212$120$66$4
44 years$583$348$199$111$60$3
45 years$564$332$187$102$54$3
46 years$545$317$176$94$49$2
47 years$528$302$165$87$45$2
48 years$511$289$155$81$41$2
49 years$495$276$146$74$37$1
50 years$479$263$137$69$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $491,000, adding $6,122 every year, while hoping to spend $25,391 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: 88/6/6 Blend
62$491,000$491,000$491,000$491,000
63$547,397$521,374$513,763$594,919
64$576,215$519,905$503,959$625,323
65$607,123$517,514$492,974$654,544
66$640,305$514,127$480,744$685,834
67$675,966$509,670$467,199$719,382
68$714,330$504,059$452,266$755,396
69$755,644$497,211$435,870$794,104
70$800,179$489,033$417,930$835,759
71$848,231$479,429$398,365$880,637
72$900,126$468,298$377,086$929,044
73$956,225$455,530$354,004$981,314
74$1,016,921$441,012$329,024$1,037,818
75$1,082,647$424,622$302,047$1,098,962
76$1,153,880$406,231$272,969$1,165,194
77$1,231,145$385,705$241,682$1,237,007
78$1,315,017$362,900$208,073$1,314,944
79$1,406,130$337,664$172,025$1,399,603
80$1,505,181$309,835$133,414$1,491,641
81$1,612,938$279,246$92,112$1,591,786
82$1,730,245$245,715$47,985$1,700,835
83$1,858,029$209,055$892$1,819,668
84$1,997,314$169,064$0$1,949,256
85$2,149,223$125,531$0$2,093,825
86$2,314,994$78,233$0$2,251,660
87$2,495,991$26,934$0$2,424,010
88$2,693,712$0$0$2,612,313
89$2,909,810$0$0$2,820,043
90$3,146,102$0$0$3,049,134
91$3,404,589$0$0$3,299,747
92$3,687,476$0$0$3,574,020
93$3,997,190$0$0$3,874,307
94$4,336,403$0$0$4,203,198
95$4,708,057$0$0$4,563,549
96$5,115,395$0$0$4,958,501
97$5,561,985$0$0$5,391,517
98$6,051,759$0$0$5,866,409
99$6,589,048$0$0$6,387,376
100$7,178,620$0$0$6,959,043