Can I retire at age 63 with 518,000?

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 $518,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$42,776$42,395$42,023$41,660$41,306$40,722
2 years$21,176$20,782$20,400$20,029$19,670$19,083
3 years$13,977$13,581$13,200$12,833$12,479$11,907
4 years$10,378$9,984$9,606$9,245$8,900$8,348
5 years$8,220$7,827$7,455$7,101$6,766$6,234
6 years$6,781$6,392$6,025$5,679$5,354$4,844
7 years$5,754$5,368$5,006$4,669$4,354$3,866
8 years$4,984$4,601$4,246$3,917$3,612$3,146
9 years$4,385$4,006$3,657$3,336$3,042$2,597
10 years$3,907$3,531$3,188$2,876$2,592$2,168
11 years$3,515$3,144$2,807$2,503$2,229$1,826
12 years$3,189$2,821$2,491$2,195$1,932$1,549
13 years$2,914$2,550$2,226$1,938$1,684$1,322
14 years$2,678$2,318$2,000$1,720$1,477$1,133
15 years$2,474$2,117$1,805$1,534$1,300$975
16 years$2,295$1,943$1,637$1,374$1,149$842
17 years$2,138$1,789$1,490$1,234$1,019$729
18 years$1,998$1,653$1,360$1,112$906$633
19 years$1,873$1,532$1,245$1,005$807$551
20 years$1,761$1,424$1,142$910$721$480
21 years$1,659$1,326$1,051$826$645$419
22 years$1,567$1,238$968$751$578$366
23 years$1,483$1,158$894$684$519$320
24 years$1,406$1,085$827$624$467$281
25 years$1,335$1,018$766$570$420$246
26 years$1,270$957$710$521$378$216
27 years$1,210$900$660$477$341$189
28 years$1,155$848$613$437$308$166
29 years$1,103$800$571$401$278$146
30 years$1,054$756$532$368$251$128
31 years$1,009$715$496$338$227$113
32 years$967$676$462$310$205$99
33 years$928$640$432$285$186$87
34 years$891$607$403$263$168$77
35 years$856$576$377$242$152$68
36 years$823$546$353$223$138$60
37 years$792$519$330$205$125$53
38 years$762$493$309$189$113$46
39 years$735$469$290$174$103$41
40 years$708$446$272$161$93$36
41 years$683$425$255$148$85$32
42 years$659$404$239$137$77$28
43 years$637$385$224$126$70$25
44 years$615$367$210$117$63$22
45 years$595$350$198$108$57$19
46 years$575$334$186$100$52$17
47 years$557$319$174$92$47$15
48 years$539$304$164$85$43$13
49 years$522$291$154$79$39$12
50 years$506$278$145$73$35$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $518,000, adding $6,344 every year, while hoping to spend $36,183 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: 24/47/29 Blend
62$518,000$518,000$518,000$518,000
63$577,380$549,926$541,897$585,875
64$597,774$538,374$521,552$582,054
65$619,036$525,043$499,313$574,509
66$641,216$509,808$475,078$565,671
67$664,367$492,536$448,741$555,459
68$688,549$473,087$420,190$543,785
69$713,825$451,312$389,310$530,558
70$740,263$427,054$355,980$515,682
71$767,937$400,147$320,072$499,056
72$796,927$370,415$281,455$480,576
73$827,320$337,671$239,990$460,132
74$859,209$301,720$195,532$437,609
75$892,698$262,353$147,932$412,885
76$927,896$219,352$97,031$385,835
77$964,926$172,484$42,666$356,328
78$1,003,917$121,505$0$324,226
79$1,045,014$66,156$0$294,137
80$1,088,371$6,163$0$275,558
81$1,134,159$0$0$255,175
82$1,182,563$0$0$263,278
83$1,233,784$0$0$275,266
84$1,288,044$0$0$288,009
85$1,345,584$0$0$301,569
86$1,406,667$0$0$316,013
87$1,471,581$0$0$331,417
88$1,540,641$0$0$347,861
89$1,614,193$0$0$365,437
90$1,692,613$0$0$384,241
91$1,776,317$0$0$404,381
92$1,865,756$0$0$425,975
93$1,961,428$0$0$449,153
94$2,063,878$0$0$474,056
95$2,173,703$0$0$500,841
96$2,291,559$0$0$529,679
97$2,418,163$0$0$560,757
98$2,554,307$0$0$594,282
99$2,700,857$0$0$630,481
100$2,858,764$0$0$669,603