Can I retire at age 63 with 519,000?

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 $519,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$42,859$42,477$42,104$41,741$41,386$41,142
2 years$21,217$20,822$20,439$20,068$19,708$19,462
3 years$14,004$13,607$13,225$12,858$12,503$12,263
4 years$10,398$10,003$9,625$9,263$8,917$8,684
5 years$8,236$7,842$7,469$7,115$6,779$6,554
6 years$6,794$6,404$6,036$5,690$5,364$5,147
7 years$5,765$5,378$5,016$4,678$4,362$4,154
8 years$4,993$4,610$4,254$3,924$3,619$3,419
9 years$4,394$4,014$3,664$3,343$3,048$2,856
10 years$3,914$3,538$3,194$2,881$2,597$2,413
11 years$3,522$3,150$2,812$2,508$2,233$2,058
12 years$3,196$2,827$2,496$2,200$1,935$1,768
13 years$2,919$2,555$2,230$1,942$1,688$1,528
14 years$2,683$2,322$2,004$1,724$1,479$1,328
15 years$2,478$2,121$1,809$1,537$1,303$1,158
16 years$2,299$1,946$1,640$1,376$1,151$1,014
17 years$2,142$1,792$1,492$1,237$1,021$891
18 years$2,002$1,656$1,362$1,115$908$784
19 years$1,876$1,535$1,247$1,007$809$692
20 years$1,764$1,426$1,145$912$723$612
21 years$1,662$1,329$1,053$828$647$542
22 years$1,570$1,240$970$753$580$481
23 years$1,486$1,160$896$685$520$427
24 years$1,409$1,087$829$625$468$380
25 years$1,338$1,020$767$571$421$338
26 years$1,273$959$712$522$379$301
27 years$1,213$902$661$478$342$269
28 years$1,157$850$614$438$308$240
29 years$1,105$802$572$401$278$214
30 years$1,056$757$533$368$252$191
31 years$1,011$716$497$338$227$171
32 years$969$677$463$311$206$153
33 years$929$642$433$286$186$137
34 years$892$608$404$263$169$123
35 years$857$577$378$242$153$110
36 years$824$547$353$223$138$98
37 years$793$520$331$206$125$88
38 years$764$494$310$189$114$79
39 years$736$470$290$175$103$71
40 years$710$447$272$161$94$63
41 years$685$426$255$149$85$57
42 years$661$405$239$137$77$51
43 years$638$386$225$127$70$46
44 years$617$368$211$117$63$41
45 years$596$351$198$108$58$37
46 years$577$335$186$100$52$33
47 years$558$320$175$92$47$30
48 years$540$305$164$85$43$26
49 years$523$291$154$79$39$24
50 years$507$278$145$73$36$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $519,000, adding $2,247 every year, while hoping to spend $37,332 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: 36/34/30 Blend
62$519,000$519,000$519,000$519,000
63$574,256$546,749$538,704$589,700
64$593,109$533,819$517,030$588,515
65$612,634$519,003$493,378$583,723
66$632,860$502,172$467,644$577,846
67$653,817$483,184$439,716$570,814
68$675,539$461,893$409,479$562,550
69$698,061$438,142$376,813$552,975
70$721,418$411,766$341,591$542,007
71$745,651$382,591$303,682$529,556
72$770,801$350,431$262,949$515,533
73$796,912$315,092$219,248$499,840
74$824,033$276,367$172,428$482,377
75$852,214$234,039$122,334$463,036
76$881,510$187,877$68,802$441,708
77$911,978$137,637$11,662$418,276
78$943,682$83,063$0$392,617
79$976,687$23,884$0$380,391
80$1,011,068$0$0$370,687
81$1,046,899$0$0$374,727
82$1,084,266$0$0$388,272
83$1,123,257$0$0$402,422
84$1,163,971$0$0$417,213
85$1,206,510$0$0$432,685
86$1,250,988$0$0$448,883
87$1,297,528$0$0$465,853
88$1,346,261$0$0$483,646
89$1,397,332$0$0$502,318
90$1,450,895$0$0$521,928
91$1,507,118$0$0$542,542
92$1,566,186$0$0$564,232
93$1,628,297$0$0$587,074
94$1,693,668$0$0$611,152
95$1,762,534$0$0$636,559
96$1,835,152$0$0$663,394
97$1,911,801$0$0$691,766
98$1,992,787$0$0$721,794
99$2,078,441$0$0$753,608
100$2,169,128$0$0$787,350