Can I retire at age 63 with 515,000?

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 $515,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$42,528$42,149$41,780$41,419$41,067$39,720
2 years$21,054$20,661$20,281$19,913$19,556$18,212
3 years$13,896$13,502$13,123$12,758$12,407$11,108
4 years$10,318$9,926$9,551$9,192$8,849$7,605
5 years$8,172$7,782$7,412$7,060$6,727$5,541
6 years$6,742$6,355$5,990$5,646$5,323$4,196
7 years$5,721$5,337$4,977$4,642$4,329$3,261
8 years$4,955$4,574$4,221$3,894$3,591$2,582
9 years$4,360$3,983$3,636$3,317$3,024$2,072
10 years$3,884$3,511$3,170$2,859$2,577$1,680
11 years$3,495$3,125$2,791$2,488$2,216$1,374
12 years$3,171$2,805$2,477$2,183$1,920$1,130
13 years$2,897$2,535$2,213$1,927$1,675$934
14 years$2,662$2,304$1,988$1,710$1,468$776
15 years$2,459$2,105$1,795$1,525$1,293$646
16 years$2,282$1,931$1,627$1,366$1,142$540
17 years$2,125$1,779$1,481$1,227$1,013$452
18 years$1,986$1,644$1,352$1,106$901$379
19 years$1,862$1,523$1,238$999$803$318
20 years$1,750$1,415$1,136$905$717$268
21 years$1,649$1,318$1,045$821$642$225
22 years$1,558$1,231$963$747$575$190
23 years$1,474$1,151$889$680$516$160
24 years$1,398$1,078$822$620$464$135
25 years$1,328$1,012$762$567$418$114
26 years$1,263$951$706$518$376$96
27 years$1,203$895$656$474$339$81
28 years$1,148$844$610$434$306$69
29 years$1,096$796$567$398$276$58
30 years$1,048$752$528$366$250$49
31 years$1,004$710$493$336$226$42
32 years$962$672$460$309$204$35
33 years$922$637$429$284$185$30
34 years$885$603$401$261$167$25
35 years$851$572$375$240$152$21
36 years$818$543$351$221$137$18
37 years$787$516$328$204$124$15
38 years$758$490$307$188$113$13
39 years$730$466$288$173$102$11
40 years$704$444$270$160$93$9
41 years$679$422$253$148$84$8
42 years$656$402$237$136$76$7
43 years$633$383$223$126$69$6
44 years$612$365$209$116$63$5
45 years$592$348$196$107$57$4
46 years$572$332$184$99$52$3
47 years$554$317$173$91$47$3
48 years$536$303$163$85$43$2
49 years$519$289$153$78$39$2
50 years$503$276$144$72$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $515,000, adding $5,621 every year, while hoping to spend $32,822 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: 55/36/9 Blend
62$515,000$515,000$515,000$515,000
63$573,328$546,033$538,051$603,300
64$596,885$537,866$521,153$616,047
65$621,745$528,199$502,589$625,822
66$648,006$516,924$482,269$635,678
67$675,775$503,926$460,097$645,627
68$705,169$489,083$435,976$655,687
69$736,316$472,268$409,801$665,876
70$769,356$453,344$381,464$676,218
71$804,440$432,168$350,853$686,740
72$841,736$408,588$317,850$697,476
73$881,427$382,442$282,332$708,463
74$923,712$353,561$244,169$719,747
75$968,810$321,765$203,228$731,380
76$1,016,960$286,864$159,368$743,423
77$1,068,426$248,656$112,443$755,946
78$1,123,495$206,929$62,299$769,028
79$1,182,483$161,460$8,778$782,761
80$1,245,736$112,012$0$797,252
81$1,313,634$58,333$0$817,260
82$1,386,594$161$0$839,483
83$1,465,073$0$0$863,247
84$1,549,574$0$0$913,618
85$1,640,648$0$0$968,013
86$1,738,903$0$0$1,026,734
87$1,845,003$0$0$1,090,183
88$1,959,680$0$0$1,158,805
89$2,083,738$0$0$1,233,085
90$2,218,062$0$0$1,313,558
91$2,363,623$0$0$1,400,812
92$2,521,490$0$0$1,495,494
93$2,692,838$0$0$1,598,315
94$2,878,959$0$0$1,710,058
95$3,081,275$0$0$1,831,583
96$3,301,350$0$0$1,963,837
97$3,540,905$0$0$2,107,862
98$3,801,834$0$0$2,264,805
99$4,086,219$0$0$2,435,928
100$4,396,355$0$0$2,622,618