Can I retire at age 63 with 499,000?

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 $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%16.2%
1 years$41,207$40,840$40,482$40,132$39,791$38,782
2 years$20,399$20,020$19,651$19,294$18,948$17,938
3 years$13,465$13,083$12,716$12,362$12,021$11,042
4 years$9,998$9,617$9,254$8,906$8,574$7,632
5 years$7,918$7,540$7,181$6,841$6,518$5,617
6 years$6,532$6,157$5,804$5,471$5,157$4,298
7 years$5,543$5,171$4,823$4,498$4,194$3,377
8 years$4,801$4,432$4,090$3,773$3,479$2,703
9 years$4,224$3,859$3,523$3,214$2,930$2,195
10 years$3,763$3,402$3,071$2,770$2,497$1,801
11 years$3,386$3,028$2,704$2,411$2,147$1,490
12 years$3,072$2,718$2,400$2,115$1,861$1,242
13 years$2,807$2,456$2,144$1,867$1,623$1,040
14 years$2,580$2,233$1,926$1,657$1,422$875
15 years$2,383$2,040$1,739$1,478$1,252$738
16 years$2,211$1,871$1,577$1,323$1,107$625
17 years$2,059$1,723$1,435$1,189$981$531
18 years$1,924$1,592$1,310$1,072$873$451
19 years$1,804$1,476$1,199$968$778$385
20 years$1,696$1,371$1,100$877$695$328
21 years$1,598$1,277$1,012$796$622$280
22 years$1,509$1,192$933$724$557$240
23 years$1,429$1,115$861$659$500$205
24 years$1,355$1,045$797$601$450$176
25 years$1,286$981$738$549$405$151
26 years$1,224$922$684$502$364$129
27 years$1,166$867$635$459$329$111
28 years$1,112$817$591$421$296$95
29 years$1,062$771$550$386$268$82
30 years$1,016$728$512$354$242$70
31 years$972$688$477$325$219$60
32 years$932$651$445$299$198$52
33 years$894$617$416$275$179$45
34 years$858$585$389$253$162$38
35 years$824$554$363$233$147$33
36 years$793$526$340$214$133$28
37 years$763$500$318$198$121$24
38 years$734$475$298$182$109$21
39 years$708$452$279$168$99$18
40 years$682$430$262$155$90$16
41 years$658$409$245$143$82$13
42 years$635$390$230$132$74$11
43 years$614$371$216$122$67$10
44 years$593$354$203$112$61$9
45 years$573$337$190$104$55$7
46 years$554$322$179$96$50$6
47 years$536$307$168$89$46$5
48 years$519$293$158$82$41$5
49 years$503$280$148$76$38$4
50 years$487$268$139$70$34$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $499,000, adding $3,442 every year, while hoping to spend $35,970 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: 58/12/30 Blend
62$499,000$499,000$499,000$499,000
63$553,448$527,001$519,267$580,813
64$571,628$514,553$498,391$587,534
65$590,457$500,288$475,609$590,800
66$609,963$484,082$450,821$593,635
67$630,175$465,798$423,920$596,008
68$651,127$445,295$394,795$597,887
69$672,850$422,423$363,329$599,239
70$695,381$397,023$329,401$600,030
71$718,759$368,926$292,885$600,222
72$743,023$337,954$253,647$599,779
73$768,217$303,919$211,550$598,661
74$794,387$266,623$166,449$596,829
75$821,583$225,855$118,193$594,241
76$849,856$181,395$66,624$590,855
77$879,265$133,006$11,580$586,625
78$909,869$80,442$0$581,507
79$941,733$23,442$0$590,550
80$974,928$0$0$603,548
81$1,009,529$0$0$621,853
82$1,045,617$0$0$644,182
83$1,083,278$0$0$667,493
84$1,122,608$0$0$691,847
85$1,163,708$0$0$717,308
86$1,206,687$0$0$743,944
87$1,251,666$0$0$771,832
88$1,298,772$0$0$801,052
89$1,348,145$0$0$831,694
90$1,399,936$0$0$863,852
91$1,454,310$0$0$897,632
92$1,511,445$0$0$933,145
93$1,571,535$0$0$970,515
94$1,634,791$0$0$1,009,876
95$1,701,441$0$0$1,051,374
96$1,771,737$0$0$1,095,166
97$1,845,951$0$0$1,141,427
98$1,924,380$0$0$1,190,345
99$2,007,348$0$0$1,242,126
100$2,095,209$0$0$1,296,996