Can I retire at age 63 with 515,000?

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 $515,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$42,528$42,149$41,780$41,419$41,067$40,587
2 years$21,054$20,661$20,281$19,913$19,556$19,073
3 years$13,896$13,502$13,123$12,758$12,407$11,936
4 years$10,318$9,926$9,551$9,192$8,849$8,393
5 years$8,172$7,782$7,412$7,060$6,727$6,288
6 years$6,742$6,355$5,990$5,646$5,323$4,901
7 years$5,721$5,337$4,977$4,642$4,329$3,925
8 years$4,955$4,574$4,221$3,894$3,591$3,205
9 years$4,360$3,983$3,636$3,317$3,024$2,655
10 years$3,884$3,511$3,170$2,859$2,577$2,225
11 years$3,495$3,125$2,791$2,488$2,216$1,881
12 years$3,171$2,805$2,477$2,183$1,920$1,602
13 years$2,897$2,535$2,213$1,927$1,675$1,372
14 years$2,662$2,304$1,988$1,710$1,468$1,181
15 years$2,459$2,105$1,795$1,525$1,293$1,021
16 years$2,282$1,931$1,627$1,366$1,142$885
17 years$2,125$1,779$1,481$1,227$1,013$770
18 years$1,986$1,644$1,352$1,106$901$671
19 years$1,862$1,523$1,238$999$803$586
20 years$1,750$1,415$1,136$905$717$513
21 years$1,649$1,318$1,045$821$642$450
22 years$1,558$1,231$963$747$575$395
23 years$1,474$1,151$889$680$516$347
24 years$1,398$1,078$822$620$464$305
25 years$1,328$1,012$762$567$418$269
26 years$1,263$951$706$518$376$237
27 years$1,203$895$656$474$339$209
28 years$1,148$844$610$434$306$185
29 years$1,096$796$567$398$276$163
30 years$1,048$752$528$366$250$144
31 years$1,004$710$493$336$226$127
32 years$962$672$460$309$204$112
33 years$922$637$429$284$185$99
34 years$885$603$401$261$167$88
35 years$851$572$375$240$152$78
36 years$818$543$351$221$137$69
37 years$787$516$328$204$124$61
38 years$758$490$307$188$113$54
39 years$730$466$288$173$102$48
40 years$704$444$270$160$93$42
41 years$679$422$253$148$84$38
42 years$656$402$237$136$76$33
43 years$633$383$223$126$69$29
44 years$612$365$209$116$63$26
45 years$592$348$196$107$57$23
46 years$572$332$184$99$52$20
47 years$554$317$173$91$47$18
48 years$536$303$163$85$43$16
49 years$519$289$153$78$39$14
50 years$503$276$144$72$35$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $515,000, adding $3,429 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: 47/27/26 Blend
62$515,000$515,000$515,000$515,000
63$571,067$543,772$535,790$593,516
64$589,595$530,696$514,018$596,581
65$608,761$515,728$490,265$595,974
66$628,592$498,736$464,426$594,579
67$649,115$479,580$436,390$592,343
68$670,357$458,112$406,042$589,206
69$692,350$434,176$373,261$585,107
70$715,125$407,605$337,920$579,984
71$738,715$378,226$299,888$573,767
72$763,158$345,853$259,028$566,386
73$788,490$310,289$215,195$557,768
74$814,751$271,329$168,240$547,834
75$841,986$228,754$118,006$536,502
76$870,238$182,333$64,329$523,686
77$899,557$131,821$7,038$509,298
78$929,993$76,962$0$493,242
79$961,603$17,484$0$490,429
80$994,445$0$0$488,807
81$1,028,581$0$0$500,302
82$1,064,079$0$0$517,666
83$1,101,011$0$0$535,741
84$1,139,455$0$0$554,565
85$1,179,494$0$0$574,181
86$1,221,217$0$0$594,634
87$1,264,720$0$0$615,973
88$1,310,107$0$0$638,250
89$1,357,490$0$0$661,521
90$1,406,988$0$0$685,849
91$1,458,734$0$0$711,299
92$1,512,866$0$0$737,943
93$1,569,539$0$0$765,859
94$1,628,916$0$0$795,130
95$1,691,177$0$0$825,848
96$1,756,517$0$0$858,113
97$1,825,145$0$0$892,031
98$1,897,292$0$0$927,720
99$1,973,206$0$0$965,308
100$2,053,159$0$0$1,004,932