Can I retire at age 63 with 507,000?

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 $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%14.6%
1 years$41,868$41,495$41,131$40,776$40,429$39,661
2 years$20,727$20,341$19,966$19,604$19,252$18,481
3 years$13,680$13,293$12,920$12,560$12,214$11,465
4 years$10,158$9,772$9,402$9,049$8,711$7,989
5 years$8,045$7,661$7,296$6,950$6,622$5,929
6 years$6,637$6,256$5,897$5,558$5,240$4,577
7 years$5,632$5,254$4,900$4,570$4,261$3,628
8 years$4,878$4,503$4,156$3,834$3,535$2,932
9 years$4,292$3,921$3,579$3,265$2,977$2,403
10 years$3,824$3,456$3,121$2,815$2,537$1,992
11 years$3,441$3,077$2,747$2,450$2,182$1,665
12 years$3,122$2,762$2,438$2,149$1,891$1,402
13 years$2,852$2,496$2,178$1,897$1,649$1,187
14 years$2,621$2,268$1,957$1,684$1,445$1,009
15 years$2,421$2,072$1,767$1,502$1,272$861
16 years$2,246$1,901$1,602$1,345$1,125$738
17 years$2,092$1,751$1,458$1,208$997$633
18 years$1,955$1,618$1,331$1,089$887$545
19 years$1,833$1,500$1,218$984$790$470
20 years$1,723$1,393$1,118$891$706$406
21 years$1,624$1,298$1,028$809$632$351
22 years$1,534$1,212$948$735$566$304
23 years$1,451$1,133$875$670$508$264
24 years$1,376$1,062$809$611$457$229
25 years$1,307$996$750$558$411$198
26 years$1,243$936$695$510$370$172
27 years$1,185$881$646$467$334$150
28 years$1,130$830$600$428$301$130
29 years$1,079$783$559$392$272$113
30 years$1,032$740$520$360$246$99
31 years$988$699$485$331$222$86
32 years$947$662$453$304$201$75
33 years$908$627$423$279$182$65
34 years$872$594$395$257$165$57
35 years$837$563$369$237$149$50
36 years$805$535$345$218$135$43
37 years$775$508$323$201$122$38
38 years$746$483$303$185$111$33
39 years$719$459$284$171$101$29
40 years$693$437$266$157$91$25
41 years$669$416$249$145$83$22
42 years$645$396$234$134$75$19
43 years$623$377$219$124$68$17
44 years$602$360$206$114$62$14
45 years$582$343$193$105$56$13
46 years$563$327$182$97$51$11
47 years$545$312$171$90$46$10
48 years$528$298$160$83$42$8
49 years$511$285$151$77$38$7
50 years$495$272$142$71$35$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $507,000, adding $3,379 every year, while hoping to spend $42,057 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: 64/10/26 Blend
62$507,000$507,000$507,000$507,000
63$562,199$535,328$527,470$594,125
64$574,795$516,811$500,392$597,596
65$587,267$495,977$470,997$596,418
66$599,556$472,668$439,164$594,202
67$611,599$446,717$404,764$590,848
68$623,324$417,948$367,665$586,252
69$634,648$386,173$327,727$580,300
70$645,482$351,195$284,806$572,868
71$655,723$312,805$238,748$563,822
72$665,257$270,783$189,397$553,015
73$673,957$224,895$136,586$540,289
74$681,681$174,895$80,142$525,471
75$688,271$120,523$19,885$508,375
76$693,550$61,505$0$488,797
77$697,323$0$0$478,838
78$699,370$0$0$472,893
79$699,451$0$0$472,309
80$697,296$0$0$470,127
81$692,605$0$0$466,136
82$685,048$0$0$460,103
83$674,257$0$0$451,766
84$659,824$0$0$440,837
85$641,297$0$0$426,999
86$618,178$0$0$409,896
87$589,911$0$0$389,138
88$555,885$0$0$364,293
89$515,420$0$0$334,879
90$467,768$0$0$300,369
91$412,098$0$0$260,176
92$347,493$0$0$213,652
93$272,940$0$0$160,080
94$187,317$0$0$98,671
95$89,386$0$0$28,549
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0