Can I retire at age 63 with 509,000?

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 $509,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$42,033$41,658$41,293$40,937$40,588$40,031
2 years$20,808$20,421$20,045$19,681$19,328$18,768
3 years$13,734$13,345$12,971$12,610$12,262$11,716
4 years$10,198$9,810$9,439$9,085$8,746$8,218
5 years$8,077$7,691$7,325$6,978$6,648$6,141
6 years$6,663$6,280$5,920$5,580$5,261$4,774
7 years$5,654$5,274$4,919$4,588$4,278$3,812
8 years$4,897$4,521$4,172$3,849$3,549$3,104
9 years$4,309$3,936$3,593$3,278$2,989$2,564
10 years$3,839$3,470$3,133$2,826$2,547$2,142
11 years$3,454$3,089$2,758$2,459$2,190$1,805
12 years$3,134$2,772$2,448$2,157$1,898$1,532
13 years$2,863$2,505$2,187$1,904$1,655$1,308
14 years$2,631$2,277$1,965$1,691$1,451$1,122
15 years$2,431$2,080$1,774$1,508$1,277$967
16 years$2,255$1,909$1,608$1,350$1,129$835
17 years$2,100$1,758$1,464$1,213$1,001$724
18 years$1,963$1,624$1,336$1,093$890$629
19 years$1,840$1,505$1,223$988$793$548
20 years$1,730$1,399$1,123$895$709$477
21 years$1,630$1,303$1,033$812$634$417
22 years$1,540$1,216$952$738$568$365
23 years$1,457$1,138$879$672$510$319
24 years$1,382$1,066$813$613$459$280
25 years$1,312$1,000$753$560$413$246
26 years$1,248$940$698$512$372$216
27 years$1,189$885$648$469$335$189
28 years$1,134$834$603$429$302$166
29 years$1,084$787$561$394$273$146
30 years$1,036$743$522$361$247$129
31 years$992$702$487$332$223$113
32 years$950$664$454$305$202$100
33 years$912$629$424$280$183$88
34 years$875$596$396$258$165$77
35 years$841$566$371$238$150$68
36 years$808$537$347$219$136$60
37 years$778$510$324$202$123$53
38 years$749$485$304$186$111$47
39 years$722$461$285$171$101$41
40 years$696$438$267$158$92$36
41 years$671$417$250$146$83$32
42 years$648$397$235$135$75$28
43 years$626$379$220$124$69$25
44 years$605$361$207$115$62$22
45 years$585$344$194$106$56$19
46 years$565$328$182$98$51$17
47 years$547$313$171$90$47$15
48 years$530$299$161$84$42$13
49 years$513$286$151$77$38$12
50 years$497$273$142$71$35$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $509,000, adding $4,674 every year, while hoping to spend $32,296 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: 60/22/18 Blend
62$509,000$509,000$509,000$509,000
63$565,739$538,762$530,873$596,784
64$589,082$530,799$514,294$610,354
65$613,723$521,363$496,078$621,164
66$639,761$510,348$476,135$632,216
67$667,304$497,642$454,372$643,536
68$696,467$483,125$430,692$655,156
69$727,380$466,671$404,994$667,114
70$760,182$448,148$377,170$679,450
71$795,026$427,412$347,111$692,213
72$832,080$404,316$314,700$705,458
73$871,525$378,701$279,816$719,247
74$913,563$350,400$242,332$733,650
75$958,413$319,236$202,117$748,746
76$1,006,315$285,022$159,032$764,627
77$1,057,533$247,562$112,933$781,394
78$1,112,355$206,646$63,669$799,161
79$1,171,098$162,054$11,085$818,059
80$1,234,109$113,554$0$838,233
81$1,301,769$60,899$0$868,495
82$1,374,496$3,830$0$903,214
83$1,452,751$0$0$940,499
84$1,537,035$0$0$994,640
85$1,627,905$0$0$1,054,041
86$1,725,966$0$0$1,118,176
87$1,831,889$0$0$1,187,486
88$1,946,406$0$0$1,262,457
89$2,070,326$0$0$1,343,621
90$2,204,536$0$0$1,431,564
91$2,350,010$0$0$1,526,930
92$2,507,822$0$0$1,630,428
93$2,679,151$0$0$1,742,837
94$2,865,295$0$0$1,865,014
95$3,067,681$0$0$1,997,902
96$3,287,880$0$0$2,142,538
97$3,527,619$0$0$2,300,064
98$3,788,799$0$0$2,471,735
99$4,073,512$0$0$2,658,935
100$4,384,061$0$0$2,863,184