Can I retire at age 63 with 501,000?

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 $501,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$41,372$41,004$40,644$40,293$39,950$39,435
2 years$20,481$20,100$19,730$19,372$19,024$18,505
3 years$13,519$13,135$12,767$12,412$12,070$11,564
4 years$10,038$9,656$9,291$8,942$8,608$8,119
5 years$7,950$7,570$7,210$6,868$6,544$6,073
6 years$6,559$6,182$5,827$5,493$5,178$4,726
7 years$5,565$5,191$4,842$4,516$4,211$3,778
8 years$4,820$4,450$4,107$3,788$3,493$3,080
9 years$4,241$3,875$3,537$3,227$2,942$2,547
10 years$3,778$3,415$3,084$2,781$2,507$2,131
11 years$3,400$3,040$2,715$2,421$2,156$1,798
12 years$3,085$2,729$2,409$2,123$1,868$1,528
13 years$2,818$2,466$2,153$1,875$1,629$1,306
14 years$2,590$2,242$1,934$1,664$1,428$1,122
15 years$2,392$2,048$1,746$1,484$1,257$968
16 years$2,220$1,879$1,583$1,329$1,111$838
17 years$2,067$1,730$1,441$1,194$985$727
18 years$1,932$1,599$1,315$1,076$876$632
19 years$1,811$1,482$1,204$972$781$551
20 years$1,703$1,377$1,105$880$698$482
21 years$1,605$1,283$1,016$799$624$421
22 years$1,516$1,197$937$727$560$369
23 years$1,434$1,120$865$662$502$324
24 years$1,360$1,049$800$604$451$284
25 years$1,292$985$741$551$406$250
26 years$1,229$925$687$504$366$219
27 years$1,171$871$638$461$330$193
28 years$1,117$821$593$423$298$170
29 years$1,067$774$552$388$269$150
30 years$1,020$731$514$356$243$132
31 years$976$691$479$327$220$116
32 years$935$654$447$300$199$103
33 years$897$619$418$276$180$90
34 years$861$587$390$254$163$80
35 years$828$557$365$234$147$70
36 years$796$528$341$215$134$62
37 years$766$502$319$198$121$55
38 years$737$477$299$183$110$48
39 years$710$454$280$169$100$43
40 years$685$432$263$156$90$38
41 years$661$411$246$144$82$33
42 years$638$391$231$132$74$30
43 years$616$373$217$122$67$26
44 years$595$355$203$113$61$23
45 years$575$339$191$104$56$20
46 years$557$323$179$96$50$18
47 years$539$308$169$89$46$16
48 years$521$294$158$82$42$14
49 years$505$281$149$76$38$12
50 years$489$269$140$70$34$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $501,000, adding $6,397 every year, while hoping to spend $25,914 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: 69/12/19 Blend
62$501,000$501,000$501,000$501,000
63$558,701$532,148$524,382$594,236
64$588,116$530,650$514,377$617,273
65$619,663$528,211$503,167$638,825
66$653,532$524,757$490,687$661,766
67$689,931$520,209$476,864$686,233
68$729,090$514,486$461,625$712,375
69$771,260$507,498$444,892$740,356
70$816,717$499,154$426,584$770,359
71$865,764$489,355$406,617$802,586
72$918,735$477,997$384,902$837,259
73$975,997$464,969$361,347$874,626
74$1,037,950$450,154$335,854$914,958
75$1,105,039$433,429$308,322$958,557
76$1,177,749$414,663$278,647$1,005,756
77$1,256,615$393,718$246,718$1,056,922
78$1,342,225$370,446$212,419$1,112,462
79$1,435,228$344,693$175,630$1,172,824
80$1,536,333$316,295$136,226$1,238,504
81$1,646,325$285,079$94,075$1,310,051
82$1,766,064$250,862$49,041$1,388,070
83$1,896,499$213,451$980$1,473,228
84$2,038,673$172,641$0$1,566,266
85$2,193,733$128,216$0$1,678,196
86$2,362,944$79,948$0$1,800,594
87$2,547,695$27,597$0$1,934,291
88$2,749,519$0$0$2,080,416
89$2,970,101$0$0$2,244,060
90$3,211,296$0$0$2,427,008
91$3,475,148$0$0$2,627,169
92$3,763,906$0$0$2,846,254
93$4,080,048$0$0$3,086,146
94$4,426,301$0$0$3,348,919
95$4,805,670$0$0$3,636,856
96$5,221,463$0$0$3,952,472
97$5,677,324$0$0$4,298,538
98$6,177,265$0$0$4,678,104
99$6,725,707$0$0$5,094,531
100$7,327,519$0$0$5,551,521