Can I retire at age 63 with 451,000?

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 $451,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$37,243$36,911$36,588$36,272$35,963$35,692
2 years$18,437$18,094$17,761$17,438$17,125$16,852
3 years$12,169$11,825$11,493$11,173$10,865$10,598
4 years$9,036$8,692$8,364$8,049$7,749$7,490
5 years$7,157$6,815$6,491$6,183$5,891$5,641
6 years$5,904$5,565$5,245$4,944$4,661$4,420
7 years$5,010$4,673$4,359$4,065$3,791$3,560
8 years$4,339$4,006$3,697$3,410$3,145$2,923
9 years$3,818$3,488$3,184$2,905$2,648$2,436
10 years$3,401$3,074$2,776$2,504$2,257$2,054
11 years$3,061$2,737$2,444$2,179$1,941$1,747
12 years$2,777$2,457$2,169$1,911$1,682$1,497
13 years$2,537$2,220$1,938$1,687$1,467$1,291
14 years$2,331$2,018$1,741$1,498$1,286$1,118
15 years$2,154$1,843$1,572$1,336$1,132$973
16 years$1,998$1,691$1,425$1,196$1,000$850
17 years$1,861$1,558$1,297$1,075$887$744
18 years$1,739$1,439$1,184$969$789$653
19 years$1,631$1,334$1,084$875$703$575
20 years$1,533$1,240$995$793$628$507
21 years$1,444$1,155$915$719$562$448
22 years$1,364$1,078$843$654$504$396
23 years$1,291$1,008$779$596$452$351
24 years$1,224$944$720$543$406$311
25 years$1,163$886$667$496$366$276
26 years$1,106$833$618$454$329$245
27 years$1,054$784$574$415$297$218
28 years$1,005$739$534$380$268$194
29 years$960$697$497$349$242$173
30 years$918$658$463$320$219$154
31 years$879$622$431$294$198$137
32 years$842$589$403$270$179$122
33 years$808$557$376$249$162$109
34 years$775$528$351$229$147$97
35 years$745$501$328$210$133$87
36 years$716$476$307$194$120$77
37 years$689$452$287$179$109$69
38 years$664$429$269$165$99$62
39 years$640$408$252$152$90$55
40 years$617$388$236$140$81$49
41 years$595$370$222$129$74$44
42 years$574$352$208$119$67$39
43 years$555$336$195$110$61$35
44 years$536$320$183$102$55$31
45 years$518$305$172$94$50$28
46 years$501$291$162$87$45$25
47 years$485$278$152$80$41$22
48 years$469$265$143$74$37$20
49 years$455$253$134$68$34$18
50 years$440$242$126$63$31$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $451,000, adding $3,183 every year, while hoping to spend $27,425 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: 20/50/30 Blend
62$451,000$451,000$451,000$451,000
63$500,285$476,382$469,392$505,480
64$522,134$470,545$455,936$504,846
65$545,293$463,503$441,111$501,710
66$569,866$455,167$424,841$497,761
67$595,967$445,445$407,048$492,952
68$623,721$434,238$387,650$487,232
69$653,266$421,441$366,562$480,550
70$684,751$406,943$343,693$472,854
71$718,341$390,628$318,952$464,090
72$754,214$372,372$292,240$454,202
73$792,569$352,043$263,455$443,132
74$833,620$329,503$232,490$430,824
75$877,606$304,604$199,235$417,217
76$924,785$277,194$163,572$402,253
77$975,443$247,106$125,382$385,869
78$1,029,893$214,168$84,536$368,005
79$1,088,477$178,198$40,904$348,600
80$1,151,573$139,001$0$327,593
81$1,219,595$96,374$0$306,735
82$1,292,999$50,101$0$298,246
83$1,372,283$0$0$289,008
84$1,457,997$0$0$279,042
85$1,550,745$0$0$298,152
86$1,651,190$0$0$318,915
87$1,760,062$0$0$341,493
88$1,878,163$0$0$366,060
89$2,006,375$0$0$392,810
90$2,145,670$0$0$421,954
91$2,297,113$0$0$453,727
92$2,461,880$0$0$488,386
93$2,641,264$0$0$526,215
94$2,836,684$0$0$567,524
95$3,049,707$0$0$612,657
96$3,282,055$0$0$661,993
97$3,535,622$0$0$715,946
98$3,812,495$0$0$774,974
99$4,114,970$0$0$839,583
100$4,445,577$0$0$910,327