Can I retire at age 63 with 455,000?

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 $455,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$37,573$37,239$36,912$36,594$36,282$35,234
2 years$18,601$18,254$17,919$17,593$17,277$16,229
3 years$12,277$11,929$11,595$11,272$10,961$9,947
4 years$9,116$8,769$8,438$8,121$7,818$6,844
5 years$7,220$6,875$6,548$6,238$5,943$5,013
6 years$5,956$5,614$5,292$4,988$4,702$3,817
7 years$5,054$4,715$4,398$4,101$3,824$2,984
8 years$4,378$4,041$3,729$3,440$3,173$2,376
9 years$3,852$3,519$3,212$2,930$2,672$1,919
10 years$3,431$3,102$2,800$2,526$2,277$1,566
11 years$3,088$2,761$2,465$2,198$1,958$1,288
12 years$2,801$2,478$2,188$1,928$1,697$1,067
13 years$2,559$2,240$1,955$1,702$1,480$888
14 years$2,352$2,036$1,756$1,511$1,297$742
15 years$2,173$1,860$1,586$1,348$1,142$623
16 years$2,016$1,706$1,438$1,207$1,009$524
17 years$1,878$1,571$1,308$1,084$895$442
18 years$1,755$1,452$1,194$977$796$373
19 years$1,645$1,346$1,093$883$709$316
20 years$1,546$1,251$1,003$800$633$268
21 years$1,457$1,165$923$726$567$227
22 years$1,376$1,087$851$660$508$193
23 years$1,303$1,017$785$601$456$164
24 years$1,235$953$726$548$410$139
25 years$1,173$894$673$501$369$119
26 years$1,116$840$624$458$332$101
27 years$1,063$791$579$419$300$86
28 years$1,014$745$539$384$270$73
29 years$969$703$501$352$244$63
30 years$926$664$467$323$221$53
31 years$887$628$435$297$199$45
32 years$850$594$406$273$180$39
33 years$815$562$379$251$163$33
34 years$782$533$354$231$148$28
35 years$752$506$331$212$134$24
36 years$723$480$310$196$121$21
37 years$695$456$290$180$110$18
38 years$670$433$272$166$100$15
39 years$645$412$254$153$90$13
40 years$622$392$239$141$82$11
41 years$600$373$224$130$74$9
42 years$579$355$210$120$67$8
43 years$559$338$197$111$61$7
44 years$541$323$185$103$56$6
45 years$523$308$174$95$50$5
46 years$505$294$163$87$46$4
47 years$489$280$153$81$42$4
48 years$473$267$144$75$38$3
49 years$459$255$135$69$34$3
50 years$444$244$127$64$31$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $455,000, adding $6,003 every year, while hoping to spend $38,417 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: 57/24/19 Blend
62$455,000$455,000$455,000$455,000
63$507,602$483,487$476,435$533,651
64$518,502$466,303$451,520$534,868
65$529,226$446,988$424,483$531,531
66$539,716$425,400$395,212$527,039
67$549,906$401,383$363,590$521,288
68$559,723$374,777$329,496$514,169
69$569,082$345,409$292,803$505,560
70$577,894$313,099$253,376$495,333
71$586,052$277,654$211,078$483,347
72$593,444$238,873$165,763$469,450
73$599,939$196,542$117,280$453,478
74$605,394$150,434$65,470$435,252
75$609,650$100,311$10,170$414,582
76$612,529$45,921$0$391,257
77$613,834$0$0$374,953
78$613,345$0$0$361,802
79$610,818$0$0$359,476
80$605,983$0$0$355,676
81$598,540$0$0$350,215
82$588,157$0$0$342,881
83$574,464$0$0$333,444
84$557,054$0$0$321,644
85$535,474$0$0$307,199
86$509,222$0$0$289,791
87$477,746$0$0$269,072
88$440,432$0$0$244,656
89$396,601$0$0$216,116
90$345,503$0$0$182,980
91$286,310$0$0$144,726
92$218,104$0$0$100,777
93$139,873$0$0$50,496
94$50,497$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0