Can I retire at age 63 with 517,000?

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 $517,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$42,693$42,313$41,942$41,580$41,226$40,864
2 years$21,135$20,742$20,360$19,990$19,632$19,266
3 years$13,950$13,555$13,174$12,808$12,455$12,098
4 years$10,358$9,964$9,588$9,227$8,883$8,538
5 years$8,204$7,812$7,440$7,088$6,753$6,420
6 years$6,768$6,379$6,013$5,668$5,343$5,023
7 years$5,743$5,357$4,997$4,660$4,345$4,038
8 years$4,974$4,592$4,238$3,909$3,605$3,310
9 years$4,377$3,998$3,650$3,330$3,036$2,754
10 years$3,899$3,524$3,182$2,870$2,587$2,317
11 years$3,508$3,137$2,801$2,498$2,225$1,968
12 years$3,183$2,816$2,486$2,191$1,928$1,683
13 years$2,908$2,545$2,221$1,934$1,681$1,448
14 years$2,673$2,313$1,996$1,717$1,474$1,252
15 years$2,469$2,113$1,802$1,531$1,298$1,087
16 years$2,291$1,939$1,634$1,371$1,147$947
17 years$2,133$1,786$1,487$1,232$1,017$828
18 years$1,994$1,650$1,357$1,110$904$726
19 years$1,869$1,529$1,242$1,003$806$637
20 years$1,757$1,421$1,140$909$720$561
21 years$1,656$1,324$1,049$825$644$494
22 years$1,564$1,235$967$750$577$436
23 years$1,480$1,156$892$683$518$385
24 years$1,403$1,083$825$623$466$341
25 years$1,333$1,016$764$569$419$302
26 years$1,268$955$709$520$378$267
27 years$1,208$899$658$476$340$237
28 years$1,152$847$612$436$307$211
29 years$1,101$799$570$400$277$187
30 years$1,052$754$531$367$251$166
31 years$1,007$713$495$337$227$148
32 years$965$675$461$310$205$131
33 years$926$639$431$285$185$117
34 years$889$606$403$262$168$104
35 years$854$574$376$241$152$92
36 years$821$545$352$222$138$82
37 years$790$518$330$205$125$73
38 years$761$492$309$189$113$65
39 years$733$468$289$174$103$58
40 years$707$445$271$161$93$52
41 years$682$424$254$148$85$46
42 years$658$404$238$137$77$41
43 years$636$385$224$126$70$37
44 years$614$367$210$116$63$33
45 years$594$350$197$108$57$29
46 years$574$334$185$99$52$26
47 years$556$318$174$92$47$23
48 years$538$304$163$85$43$21
49 years$521$290$154$78$39$18
50 years$505$277$144$72$35$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $517,000, adding $6,482 every year, while hoping to spend $29,766 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: 56/27/17 Blend
62$517,000$517,000$517,000$517,000
63$576,420$549,019$541,006$605,763
64$603,544$544,250$527,459$621,687
65$632,437$538,250$512,460$635,259
66$663,248$530,927$495,930$649,373
67$696,141$522,183$477,785$664,088
68$731,293$511,917$457,937$679,470
69$768,902$500,017$436,294$695,592
70$809,182$486,370$412,762$712,538
71$852,368$470,852$387,239$730,401
72$898,721$453,334$359,623$749,287
73$948,522$433,680$329,802$769,312
74$1,002,085$411,743$297,663$790,607
75$1,059,750$387,371$263,088$813,319
76$1,121,894$360,402$225,951$837,613
77$1,188,929$330,664$186,122$863,671
78$1,261,309$297,976$143,467$891,699
79$1,339,532$262,146$97,842$921,925
80$1,424,145$222,971$49,100$954,603
81$1,515,749$180,239$0$990,017
82$1,615,007$133,722$0$1,029,012
83$1,722,646$83,182$0$1,080,950
84$1,839,466$28,368$0$1,137,337
85$1,966,346$0$0$1,198,641
86$2,104,254$0$0$1,274,587
87$2,254,256$0$0$1,366,400
88$2,417,521$0$0$1,466,375
89$2,595,340$0$0$1,575,306
90$2,789,130$0$0$1,694,068
91$3,000,452$0$0$1,823,624
92$3,231,024$0$0$1,965,032
93$3,482,737$0$0$2,119,459
94$3,757,672$0$0$2,288,188
95$4,058,121$0$0$2,472,633
96$4,386,607$0$0$2,674,349
97$4,745,907$0$0$2,895,049
98$5,139,079$0$0$3,136,621
99$5,569,492$0$0$3,401,141
100$6,040,852$0$0$3,690,895