Can I retire at age 63 with 507,000?

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 $507,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$41,868$41,495$41,131$40,776$40,429$39,484
2 years$20,727$20,341$19,966$19,604$19,252$18,305
3 years$13,680$13,293$12,920$12,560$12,214$11,295
4 years$10,158$9,772$9,402$9,049$8,711$7,827
5 years$8,045$7,661$7,296$6,950$6,622$5,775
6 years$6,637$6,256$5,897$5,558$5,240$4,431
7 years$5,632$5,254$4,900$4,570$4,261$3,491
8 years$4,878$4,503$4,156$3,834$3,535$2,803
9 years$4,292$3,921$3,579$3,265$2,977$2,283
10 years$3,824$3,456$3,121$2,815$2,537$1,879
11 years$3,441$3,077$2,747$2,450$2,182$1,560
12 years$3,122$2,762$2,438$2,149$1,891$1,304
13 years$2,852$2,496$2,178$1,897$1,649$1,096
14 years$2,621$2,268$1,957$1,684$1,445$925
15 years$2,421$2,072$1,767$1,502$1,272$783
16 years$2,246$1,901$1,602$1,345$1,125$666
17 years$2,092$1,751$1,458$1,208$997$567
18 years$1,955$1,618$1,331$1,089$887$484
19 years$1,833$1,500$1,218$984$790$414
20 years$1,723$1,393$1,118$891$706$355
21 years$1,624$1,298$1,028$809$632$304
22 years$1,534$1,212$948$735$566$261
23 years$1,451$1,133$875$670$508$224
24 years$1,376$1,062$809$611$457$193
25 years$1,307$996$750$558$411$166
26 years$1,243$936$695$510$370$143
27 years$1,185$881$646$467$334$123
28 years$1,130$830$600$428$301$106
29 years$1,079$783$559$392$272$92
30 years$1,032$740$520$360$246$79
31 years$988$699$485$331$222$68
32 years$947$662$453$304$201$59
33 years$908$627$423$279$182$51
34 years$872$594$395$257$165$44
35 years$837$563$369$237$149$38
36 years$805$535$345$218$135$33
37 years$775$508$323$201$122$28
38 years$746$483$303$185$111$24
39 years$719$459$284$171$101$21
40 years$693$437$266$157$91$18
41 years$669$416$249$145$83$16
42 years$645$396$234$134$75$14
43 years$623$377$219$124$68$12
44 years$602$360$206$114$62$10
45 years$582$343$193$105$56$9
46 years$563$327$182$97$51$8
47 years$545$312$171$90$46$7
48 years$528$298$160$83$42$6
49 years$511$285$151$77$38$5
50 years$495$272$142$71$35$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $507,000, adding $5,004 every year, while hoping to spend $39,482 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: 61/13/26 Blend
62$507,000$507,000$507,000$507,000
63$563,876$537,005$529,146$594,068
64$579,382$521,309$504,864$599,473
65$595,148$503,522$478,445$600,648
66$611,156$483,497$449,776$601,080
67$627,389$461,084$418,739$600,705
68$643,826$436,120$385,210$599,452
69$660,441$408,435$349,059$597,248
70$677,206$377,848$310,152$594,011
71$694,086$344,168$268,348$589,655
72$711,045$307,194$223,500$584,089
73$728,037$266,713$175,453$577,211
74$745,013$222,498$124,047$568,916
75$761,917$174,312$69,114$559,086
76$778,683$121,905$10,481$547,598
77$795,240$65,009$0$534,318
78$811,505$3,345$0$533,553
79$827,386$0$0$534,738
80$842,780$0$0$543,917
81$857,570$0$0$553,147
82$871,628$0$0$561,862
83$884,806$0$0$569,963
84$896,944$0$0$577,340
85$907,859$0$0$583,870
86$917,349$0$0$589,418
87$925,189$0$0$593,830
88$931,128$0$0$596,937
89$934,888$0$0$598,552
90$936,158$0$0$598,464
91$934,593$0$0$596,440
92$929,812$0$0$592,224
93$921,390$0$0$585,529
94$908,856$0$0$576,037
95$891,688$0$0$563,397
96$869,308$0$0$547,218
97$841,075$0$0$527,069
98$806,280$0$0$502,472
99$764,138$0$0$472,898
100$713,779$0$0$437,762