Can I retire at age 63 with 486,000?

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 $486,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$40,133$39,776$39,427$39,087$38,754$37,741
2 years$19,868$19,498$19,139$18,792$18,454$17,440
3 years$13,114$12,742$12,384$12,040$11,708$10,725
4 years$9,737$9,367$9,013$8,674$8,350$7,406
5 years$7,712$7,344$6,994$6,663$6,348$5,445
6 years$6,362$5,997$5,652$5,328$5,023$4,162
7 years$5,398$5,036$4,697$4,381$4,085$3,266
8 years$4,676$4,317$3,984$3,675$3,389$2,612
9 years$4,114$3,759$3,431$3,130$2,854$2,118
10 years$3,665$3,313$2,991$2,698$2,432$1,736
11 years$3,298$2,949$2,633$2,348$2,091$1,434
12 years$2,992$2,647$2,337$2,060$1,812$1,193
13 years$2,734$2,392$2,088$1,818$1,580$998
14 years$2,512$2,175$1,876$1,614$1,385$838
15 years$2,321$1,986$1,694$1,440$1,220$707
16 years$2,153$1,823$1,536$1,289$1,078$598
17 years$2,005$1,678$1,397$1,158$956$507
18 years$1,874$1,551$1,276$1,044$850$430
19 years$1,757$1,437$1,168$943$758$366
20 years$1,652$1,336$1,072$854$677$312
21 years$1,557$1,244$986$775$606$266
22 years$1,470$1,161$909$705$543$227
23 years$1,391$1,086$839$642$487$194
24 years$1,319$1,018$776$585$438$166
25 years$1,253$955$719$535$394$142
26 years$1,192$898$666$489$355$122
27 years$1,135$845$619$447$320$104
28 years$1,083$796$575$410$289$89
29 years$1,035$751$535$376$261$77
30 years$989$709$499$345$236$66
31 years$947$670$465$317$213$56
32 years$907$634$434$291$193$48
33 years$870$601$405$268$174$42
34 years$836$569$378$246$158$36
35 years$803$540$354$227$143$31
36 years$772$513$331$209$130$26
37 years$743$487$310$192$117$23
38 years$715$463$290$177$106$19
39 years$689$440$272$164$97$17
40 years$664$419$255$151$88$14
41 years$641$398$239$139$79$12
42 years$619$379$224$128$72$11
43 years$598$362$210$119$65$9
44 years$577$345$197$110$59$8
45 years$558$329$185$101$54$7
46 years$540$314$174$93$49$6
47 years$522$299$164$86$44$5
48 years$506$286$154$80$40$4
49 years$490$273$144$74$37$4
50 years$475$261$136$68$33$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $486,000, adding $2,265 every year, while hoping to spend $27,515 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: 70/9/21 Blend
62$486,000$486,000$486,000$486,000
63$537,908$512,150$504,617$572,621
64$563,499$507,970$492,246$591,901
65$590,778$502,663$478,539$609,544
66$619,888$496,144$463,420$628,182
67$650,987$488,325$446,815$647,910
68$684,245$479,110$428,641$668,835
69$719,851$468,400$408,814$691,074
70$758,013$456,088$387,245$714,758
71$798,956$442,062$363,844$740,030
72$842,930$426,203$338,513$767,051
73$890,207$408,386$311,151$795,998
74$941,087$388,476$281,654$827,066
75$995,899$366,333$249,911$860,473
76$1,055,006$341,807$215,807$896,458
77$1,118,803$314,742$179,223$935,287
78$1,187,727$284,971$140,034$977,253
79$1,262,258$252,318$98,108$1,022,682
80$1,342,922$216,595$53,309$1,071,933
81$1,430,300$177,608$5,494$1,125,403
82$1,525,028$135,148$0$1,183,533
83$1,627,806$88,996$0$1,257,010
84$1,739,406$38,920$0$1,338,147
85$1,860,674$0$0$1,426,342
86$1,992,542$0$0$1,523,806
87$2,136,037$0$0$1,634,081
88$2,292,286$0$0$1,754,181
89$2,462,531$0$0$1,885,064
90$2,648,138$0$0$2,027,784
91$2,850,613$0$0$2,183,501
92$3,071,609$0$0$2,353,490
93$3,312,949$0$0$2,539,158
94$3,576,638$0$0$2,742,050
95$3,864,886$0$0$2,963,870
96$4,180,124$0$0$3,206,492
97$4,525,027$0$0$3,471,982
98$4,902,545$0$0$3,762,612
99$5,315,922$0$0$4,080,886
100$5,768,733$0$0$4,429,561