Can I retire at age 63 with 450,000?

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 $450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$37,161$36,830$36,507$36,191$35,884$35,016
2 years$18,396$18,054$17,722$17,400$17,087$16,219
3 years$12,142$11,798$11,467$11,148$10,841$9,998
4 years$9,016$8,673$8,345$8,032$7,732$6,921
5 years$7,141$6,800$6,476$6,169$5,878$5,102
6 years$5,891$5,552$5,234$4,933$4,651$3,910
7 years$4,999$4,663$4,349$4,056$3,782$3,077
8 years$4,330$3,997$3,688$3,403$3,138$2,468
9 years$3,810$3,480$3,177$2,898$2,642$2,007
10 years$3,394$3,068$2,770$2,498$2,252$1,650
11 years$3,054$2,731$2,438$2,174$1,936$1,368
12 years$2,771$2,451$2,164$1,907$1,678$1,142
13 years$2,531$2,215$1,933$1,684$1,463$958
14 years$2,326$2,013$1,737$1,495$1,283$808
15 years$2,149$1,839$1,568$1,333$1,129$683
16 years$1,994$1,688$1,422$1,193$998$580
17 years$1,857$1,554$1,294$1,072$885$493
18 years$1,735$1,436$1,181$966$787$421
19 years$1,627$1,331$1,081$873$701$359
20 years$1,529$1,237$992$791$627$307
21 years$1,441$1,152$913$718$561$263
22 years$1,361$1,075$841$653$503$225
23 years$1,288$1,006$777$594$451$193
24 years$1,222$942$718$542$405$166
25 years$1,160$884$665$495$365$143
26 years$1,104$831$617$453$329$123
27 years$1,051$782$573$414$296$106
28 years$1,003$737$533$380$267$91
29 years$958$695$496$348$241$78
30 years$916$657$462$319$218$67
31 years$877$621$430$293$197$58
32 years$840$587$402$270$178$50
33 years$806$556$375$248$161$43
34 years$774$527$350$228$146$37
35 years$743$500$328$210$132$32
36 years$715$475$306$193$120$28
37 years$688$451$287$178$109$24
38 years$662$428$269$164$99$21
39 years$638$407$252$151$89$18
40 years$615$388$236$140$81$15
41 years$594$369$221$129$74$13
42 years$573$351$207$119$67$11
43 years$553$335$195$110$61$10
44 years$535$319$183$101$55$8
45 years$517$304$172$94$50$7
46 years$500$290$161$86$45$6
47 years$484$277$151$80$41$5
48 years$468$264$142$74$37$5
49 years$454$253$134$68$34$4
50 years$439$241$126$63$31$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $450,000, adding $2,486 every year, while hoping to spend $21,680 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: 68/23/9 Blend
62$450,000$450,000$450,000$450,000
63$498,464$474,614$467,639$531,322
64$526,240$474,803$460,238$553,638
65$556,123$474,274$451,862$575,185
66$588,304$472,970$442,456$598,173
67$622,994$470,829$431,961$622,741
68$660,426$467,786$420,318$649,039
69$700,852$463,771$407,462$677,238
70$744,554$458,710$393,327$707,522
71$791,838$452,527$377,843$740,095
72$843,043$445,137$360,937$775,186
73$898,538$436,455$342,534$813,044
74$958,734$426,386$322,554$853,945
75$1,024,079$414,833$300,914$898,194
76$1,095,068$401,692$277,527$946,130
77$1,172,242$386,853$252,302$998,123
78$1,256,201$370,199$225,144$1,054,585
79$1,347,603$351,607$195,955$1,115,971
80$1,447,170$330,948$164,631$1,182,781
81$1,555,699$308,082$131,065$1,255,570
82$1,674,068$282,865$95,142$1,334,948
83$1,803,240$255,143$56,747$1,421,591
84$1,944,278$224,752$15,755$1,516,243
85$2,098,350$191,522$0$1,619,728
86$2,266,745$155,269$0$1,735,642
87$2,450,878$115,802$0$1,864,088
88$2,652,310$72,918$0$2,004,673
89$2,872,758$26,404$0$2,158,631
90$3,114,114$0$0$2,327,326
91$3,378,461$0$0$2,518,326
92$3,668,093$0$0$2,734,944
93$3,985,535$0$0$2,972,389
94$4,333,571$0$0$3,232,745
95$4,715,263$0$0$3,518,308
96$5,133,988$0$0$3,831,608
97$5,593,463$0$0$4,175,428
98$6,097,782$0$0$4,552,838
99$6,651,455$0$0$4,967,216
100$7,259,452$0$0$5,422,285