Can I retire at age 63 with 511,000?

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 $511,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$42,198$41,822$41,455$41,097$40,748$39,380
2 years$20,890$20,501$20,124$19,758$19,404$18,040
3 years$13,788$13,398$13,022$12,659$12,311$10,992
4 years$10,238$9,849$9,476$9,120$8,780$7,518
5 years$8,109$7,721$7,354$7,005$6,674$5,472
6 years$6,689$6,305$5,943$5,602$5,281$4,139
7 years$5,676$5,295$4,939$4,606$4,295$3,214
8 years$4,916$4,539$4,188$3,864$3,563$2,541
9 years$4,326$3,952$3,608$3,291$3,001$2,037
10 years$3,854$3,483$3,145$2,837$2,557$1,650
11 years$3,468$3,101$2,769$2,469$2,199$1,347
12 years$3,146$2,783$2,457$2,166$1,906$1,106
13 years$2,874$2,515$2,195$1,912$1,662$914
14 years$2,642$2,286$1,973$1,697$1,457$757
15 years$2,440$2,089$1,781$1,514$1,282$630
16 years$2,264$1,916$1,615$1,355$1,133$525
17 years$2,109$1,765$1,469$1,218$1,005$439
18 years$1,971$1,631$1,341$1,097$894$368
19 years$1,847$1,511$1,228$992$796$308
20 years$1,737$1,404$1,127$898$711$259
21 years$1,637$1,308$1,037$815$637$218
22 years$1,546$1,221$955$741$571$183
23 years$1,463$1,142$882$675$512$154
24 years$1,387$1,070$816$616$460$130
25 years$1,317$1,004$756$562$414$110
26 years$1,253$944$701$514$373$92
27 years$1,194$888$651$470$336$78
28 years$1,139$837$605$431$304$66
29 years$1,088$790$563$395$274$56
30 years$1,040$746$524$363$248$47
31 years$996$705$489$333$224$40
32 years$954$667$456$306$203$33
33 years$915$632$426$282$183$28
34 years$879$599$398$259$166$24
35 years$844$568$372$238$150$20
36 years$812$539$348$220$136$17
37 years$781$512$326$202$123$14
38 years$752$486$305$187$112$12
39 years$725$463$286$172$102$10
40 years$699$440$268$159$92$9
41 years$674$419$251$146$84$7
42 years$651$399$236$135$76$6
43 years$628$380$221$125$69$5
44 years$607$362$208$115$62$4
45 years$587$346$195$106$57$4
46 years$568$330$183$98$51$3
47 years$549$315$172$91$47$3
48 years$532$300$162$84$42$2
49 years$515$287$152$77$39$2
50 years$499$274$143$72$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $511,000, adding $4,228 every year, while hoping to spend $43,475 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: 46/28/26 Blend
62$511,000$511,000$511,000$511,000
63$567,483$540,400$532,480$589,175
64$579,109$520,623$504,061$585,134
65$590,464$498,419$473,233$576,185
66$601,475$473,624$439,869$565,623
67$612,058$446,065$403,837$553,318
68$622,121$415,555$364,999$539,133
69$631,561$381,901$323,210$522,919
70$640,262$344,896$278,320$504,516
71$648,096$304,324$230,171$483,754
72$654,919$259,952$178,598$460,447
73$660,570$211,539$123,430$434,397
74$664,871$158,828$64,488$405,390
75$667,624$101,546$1,585$373,196
76$668,608$39,409$0$337,567
77$667,579$0$0$316,417
78$664,264$0$0$301,519
79$658,362$0$0$297,418
80$649,537$0$0$291,800
81$637,419$0$0$284,477
82$621,596$0$0$275,239
83$601,612$0$0$263,853
84$576,964$0$0$250,063
85$547,092$0$0$233,585
86$511,379$0$0$214,103
87$469,140$0$0$191,270
88$419,619$0$0$164,700
89$361,979$0$0$133,969
90$295,297$0$0$98,607
91$218,549$0$0$58,093
92$130,607$0$0$11,853
93$30,222$0$0$0
94$0$0$0$0
95$0$0$0$0
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