Can I retire at age 63 with 521,000?

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 $521,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$43,024$42,640$42,267$41,902$41,545$41,043
2 years$21,299$20,902$20,518$20,145$19,783$19,278
3 years$14,058$13,660$13,276$12,907$12,551$12,059
4 years$10,439$10,041$9,662$9,299$8,952$8,475
5 years$8,267$7,873$7,498$7,142$6,805$6,346
6 years$6,820$6,429$6,059$5,712$5,385$4,944
7 years$5,787$5,399$5,035$4,696$4,379$3,957
8 years$5,013$4,628$4,270$3,939$3,633$3,229
9 years$4,411$4,029$3,678$3,355$3,059$2,674
10 years$3,929$3,552$3,207$2,892$2,607$2,239
11 years$3,536$3,162$2,823$2,517$2,242$1,892
12 years$3,208$2,838$2,505$2,208$1,943$1,610
13 years$2,931$2,565$2,238$1,949$1,694$1,378
14 years$2,693$2,331$2,011$1,730$1,485$1,185
15 years$2,488$2,130$1,816$1,543$1,308$1,024
16 years$2,308$1,954$1,646$1,382$1,156$887
17 years$2,150$1,799$1,498$1,242$1,025$771
18 years$2,009$1,663$1,368$1,119$911$672
19 years$1,884$1,541$1,252$1,011$812$587
20 years$1,771$1,432$1,149$916$725$513
21 years$1,669$1,334$1,057$831$649$449
22 years$1,576$1,245$974$756$582$394
23 years$1,492$1,164$899$688$522$346
24 years$1,414$1,091$832$628$469$304
25 years$1,343$1,024$770$573$422$268
26 years$1,278$962$714$524$381$236
27 years$1,217$906$663$480$343$208
28 years$1,161$853$617$440$310$183
29 years$1,109$805$574$403$280$162
30 years$1,061$760$535$370$253$143
31 years$1,015$719$498$340$228$126
32 years$973$680$465$312$207$111
33 years$933$644$434$287$187$98
34 years$896$610$406$264$169$87
35 years$861$579$379$243$153$77
36 years$827$550$355$224$139$68
37 years$796$522$332$206$126$60
38 years$767$496$311$190$114$53
39 years$739$472$291$175$103$47
40 years$712$449$273$162$94$42
41 years$687$427$256$149$85$37
42 years$663$407$240$138$77$33
43 years$641$388$225$127$70$29
44 years$619$369$212$117$64$26
45 years$598$352$199$108$58$23
46 years$579$336$187$100$52$20
47 years$560$321$175$93$48$18
48 years$542$306$165$85$43$16
49 years$525$292$155$79$39$14
50 years$509$279$146$73$36$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $521,000, adding $4,007 every year, while hoping to spend $28,715 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: 38/48/14 Blend
62$521,000$521,000$521,000$521,000
63$578,275$550,662$542,587$597,658
64$606,707$547,092$530,211$608,299
65$637,076$542,385$516,458$616,720
66$669,550$536,454$501,252$625,199
67$704,312$529,208$484,512$633,755
68$741,564$520,552$466,155$642,410
69$781,527$510,381$446,094$651,194
70$824,441$498,589$424,237$660,140
71$870,573$485,059$400,488$669,287
72$920,216$469,671$374,748$678,683
73$973,688$452,295$346,913$688,381
74$1,031,342$432,796$316,872$698,444
75$1,093,565$411,028$284,513$708,946
76$1,160,780$386,841$249,717$719,971
77$1,233,456$360,071$212,358$731,613
78$1,312,104$330,550$172,307$743,985
79$1,397,288$298,097$129,429$757,211
80$1,489,628$262,521$83,582$771,436
81$1,589,807$223,621$34,618$786,821
82$1,698,573$181,184$0$803,551
83$1,816,752$134,986$0$824,471
84$1,945,249$84,790$0$852,870
85$2,085,064$30,344$0$883,866
86$2,237,294$0$0$917,783
87$2,403,148$0$0$970,102
88$2,583,955$0$0$1,044,675
89$2,781,177$0$0$1,126,086
90$2,996,427$0$0$1,215,010
91$3,231,477$0$0$1,312,186
92$3,488,279$0$0$1,418,432
93$3,768,981$0$0$1,534,646
94$4,075,949$0$0$1,661,817
95$4,411,787$0$0$1,801,034
96$4,779,363$0$0$1,953,497
97$5,181,836$0$0$2,120,527
98$5,622,683$0$0$2,303,580
99$6,105,734$0$0$2,504,256
100$6,635,206$0$0$2,724,322