Can I retire at age 63 with 499,000?

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 $499,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$41,207$40,840$40,482$40,132$39,791$38,610
2 years$20,399$20,020$19,651$19,294$18,948$17,768
3 years$13,465$13,083$12,716$12,362$12,021$10,879
4 years$9,998$9,617$9,254$8,906$8,574$7,478
5 years$7,918$7,540$7,181$6,841$6,518$5,472
6 years$6,532$6,157$5,804$5,471$5,157$4,162
7 years$5,543$5,171$4,823$4,498$4,194$3,250
8 years$4,801$4,432$4,090$3,773$3,479$2,585
9 years$4,224$3,859$3,523$3,214$2,930$2,085
10 years$3,763$3,402$3,071$2,770$2,497$1,699
11 years$3,386$3,028$2,704$2,411$2,147$1,396
12 years$3,072$2,718$2,400$2,115$1,861$1,155
13 years$2,807$2,456$2,144$1,867$1,623$960
14 years$2,580$2,233$1,926$1,657$1,422$801
15 years$2,383$2,040$1,739$1,478$1,252$671
16 years$2,211$1,871$1,577$1,323$1,107$564
17 years$2,059$1,723$1,435$1,189$981$475
18 years$1,924$1,592$1,310$1,072$873$401
19 years$1,804$1,476$1,199$968$778$338
20 years$1,696$1,371$1,100$877$695$286
21 years$1,598$1,277$1,012$796$622$243
22 years$1,509$1,192$933$724$557$206
23 years$1,429$1,115$861$659$500$175
24 years$1,355$1,045$797$601$450$148
25 years$1,286$981$738$549$405$126
26 years$1,224$922$684$502$364$107
27 years$1,166$867$635$459$329$91
28 years$1,112$817$591$421$296$78
29 years$1,062$771$550$386$268$66
30 years$1,016$728$512$354$242$56
31 years$972$688$477$325$219$48
32 years$932$651$445$299$198$41
33 years$894$617$416$275$179$35
34 years$858$585$389$253$162$30
35 years$824$554$363$233$147$25
36 years$793$526$340$214$133$21
37 years$763$500$318$198$121$18
38 years$734$475$298$182$109$16
39 years$708$452$279$168$99$13
40 years$682$430$262$155$90$11
41 years$658$409$245$143$82$10
42 years$635$390$230$132$74$8
43 years$614$371$216$122$67$7
44 years$593$354$203$112$61$6
45 years$573$337$190$104$55$5
46 years$554$322$179$96$50$4
47 years$536$307$168$89$46$4
48 years$519$293$158$82$41$3
49 years$503$280$148$76$38$3
50 years$487$268$139$70$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $499,000, adding $4,400 every year, while hoping to spend $31,523 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: 54/37/9 Blend
62$499,000$499,000$499,000$499,000
63$554,437$527,990$520,255$582,908
64$577,449$520,321$504,143$595,030
65$601,752$511,220$486,435$604,393
66$627,444$500,583$467,045$613,833
67$654,633$488,301$445,880$623,363
68$683,435$474,258$422,847$632,997
69$713,979$458,330$397,846$642,757
70$746,405$440,388$370,774$652,666
71$780,866$420,294$341,522$662,750
72$817,529$397,904$309,978$673,042
73$856,577$373,062$276,022$683,582
74$898,212$345,606$239,533$694,414
75$942,653$315,363$200,381$705,591
76$990,141$282,154$158,431$717,171
77$1,040,940$245,783$113,543$729,226
78$1,095,339$206,050$65,570$741,834
79$1,153,656$162,739$14,358$755,088
80$1,216,238$115,623$0$769,091
81$1,283,469$64,463$0$787,833
82$1,355,768$9,006$0$809,302
83$1,433,594$0$0$832,288
84$1,517,454$0$0$877,753
85$1,607,904$0$0$930,782
86$1,705,553$0$0$988,071
87$1,811,071$0$0$1,050,017
88$1,925,197$0$0$1,117,057
89$2,048,739$0$0$1,189,674
90$2,182,589$0$0$1,268,397
91$2,327,725$0$0$1,353,806
92$2,485,224$0$0$1,446,542
93$2,656,270$0$0$1,547,309
94$2,842,165$0$0$1,656,880
95$3,044,343$0$0$1,776,107
96$3,264,380$0$0$1,905,928
97$3,504,011$0$0$2,047,373
98$3,765,144$0$0$2,201,577
99$4,049,879$0$0$2,369,790
100$4,360,530$0$0$2,553,385