Can I retire at age 63 with 491,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.8%
1 years$40,546$40,185$39,833$39,489$39,153$38,068
2 years$20,072$19,699$19,336$18,985$18,644$17,559
3 years$13,249$12,873$12,512$12,164$11,829$10,777
4 years$9,838$9,463$9,105$8,763$8,436$7,427
5 years$7,791$7,419$7,066$6,731$6,413$5,449
6 years$6,428$6,058$5,711$5,383$5,075$4,156
7 years$5,454$5,088$4,745$4,426$4,127$3,254
8 years$4,724$4,361$4,025$3,713$3,424$2,596
9 years$4,157$3,797$3,466$3,162$2,883$2,100
10 years$3,703$3,347$3,022$2,726$2,457$1,717
11 years$3,332$2,980$2,661$2,372$2,113$1,415
12 years$3,023$2,674$2,361$2,081$1,831$1,174
13 years$2,762$2,417$2,110$1,837$1,597$979
14 years$2,538$2,197$1,895$1,631$1,400$821
15 years$2,345$2,007$1,711$1,454$1,232$690
16 years$2,175$1,841$1,552$1,302$1,089$582
17 years$2,026$1,696$1,412$1,170$966$491
18 years$1,894$1,567$1,289$1,054$859$416
19 years$1,775$1,452$1,180$953$765$353
20 years$1,669$1,349$1,083$863$684$300
21 years$1,573$1,257$996$783$612$255
22 years$1,485$1,173$918$712$548$217
23 years$1,406$1,097$848$648$492$185
24 years$1,333$1,028$784$591$442$158
25 years$1,266$965$726$540$398$135
26 years$1,204$907$673$494$359$115
27 years$1,147$853$625$452$323$98
28 years$1,094$804$581$414$292$84
29 years$1,045$759$541$380$263$72
30 years$999$717$504$349$238$61
31 years$957$677$470$320$215$52
32 years$917$641$438$294$195$45
33 years$879$607$409$271$176$38
34 years$844$575$382$249$159$33
35 years$811$546$357$229$144$28
36 years$780$518$334$211$131$24
37 years$750$492$313$194$119$21
38 years$723$467$293$179$108$18
39 years$696$444$275$165$98$15
40 years$671$423$257$152$88$13
41 years$648$403$241$141$80$11
42 years$625$383$226$130$73$9
43 years$604$365$212$120$66$8
44 years$583$348$199$111$60$7
45 years$564$332$187$102$54$6
46 years$545$317$176$94$49$5
47 years$528$302$165$87$45$4
48 years$511$289$155$81$41$4
49 years$495$276$146$74$37$3
50 years$479$263$137$69$34$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $491,000, adding $4,606 every year, while hoping to spend $34,177 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: 60/31/9 Blend
62$491,000$491,000$491,000$491,000
63$545,833$519,810$512,200$577,207
64$565,144$508,917$492,994$587,911
65$585,279$496,344$472,000$595,274
66$606,287$481,974$449,121$602,457
67$628,218$465,681$424,257$609,444
68$651,129$447,332$397,302$616,218
69$675,081$426,788$368,148$622,765
70$700,137$403,899$336,680$629,069
71$726,370$378,509$302,777$635,114
72$753,856$350,451$266,316$640,885
73$782,677$319,551$227,165$646,368
74$812,923$285,622$185,189$651,549
75$844,693$248,469$140,244$656,417
76$878,091$207,885$92,182$660,960
77$913,235$163,649$40,848$665,169
78$950,249$115,532$0$669,037
79$989,270$63,289$0$673,898
80$1,030,447$6,661$0$682,685
81$1,073,943$0$0$691,490
82$1,119,935$0$0$718,970
83$1,168,616$0$0$750,480
84$1,220,198$0$0$783,886
85$1,274,911$0$0$819,341
86$1,333,007$0$0$857,010
87$1,394,764$0$0$897,075
88$1,460,481$0$0$939,736
89$1,530,491$0$0$985,209
90$1,605,155$0$0$1,033,734
91$1,684,869$0$0$1,085,572
92$1,770,067$0$0$1,141,008
93$1,861,225$0$0$1,200,358
94$1,958,866$0$0$1,263,964
95$2,063,563$0$0$1,332,205
96$2,175,942$0$0$1,405,495
97$2,296,693$0$0$1,484,289
98$2,426,574$0$0$1,569,086
99$2,566,414$0$0$1,660,434
100$2,717,126$0$0$1,758,936