Can I retire at age 63 with 457,000?

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 $457,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$37,739$37,402$37,075$36,754$36,442$36,001
2 years$18,682$18,335$17,997$17,670$17,353$16,910
3 years$12,331$11,982$11,645$11,322$11,010$10,577
4 years$9,156$8,808$8,475$8,157$7,852$7,434
5 years$7,252$6,906$6,577$6,265$5,969$5,567
6 years$5,983$5,639$5,315$5,010$4,723$4,337
7 years$5,076$4,736$4,417$4,119$3,841$3,471
8 years$4,397$4,059$3,746$3,455$3,187$2,832
9 years$3,869$3,534$3,226$2,943$2,684$2,345
10 years$3,447$3,115$2,813$2,537$2,287$1,964
11 years$3,101$2,773$2,476$2,208$1,967$1,659
12 years$2,814$2,489$2,198$1,937$1,704$1,412
13 years$2,571$2,250$1,963$1,710$1,486$1,209
14 years$2,363$2,045$1,764$1,518$1,303$1,040
15 years$2,182$1,868$1,593$1,354$1,147$898
16 years$2,025$1,714$1,444$1,212$1,014$778
17 years$1,886$1,578$1,314$1,089$899$676
18 years$1,762$1,458$1,200$981$799$589
19 years$1,652$1,352$1,098$887$712$514
20 years$1,553$1,256$1,008$803$636$450
21 years$1,464$1,170$927$729$569$394
22 years$1,382$1,092$854$663$510$346
23 years$1,308$1,021$789$604$458$304
24 years$1,241$957$730$551$412$267
25 years$1,178$898$676$503$371$235
26 years$1,121$844$627$460$334$207
27 years$1,068$794$582$421$301$182
28 years$1,019$749$541$386$272$161
29 years$973$706$503$354$245$142
30 years$930$667$469$324$222$125
31 years$890$630$437$298$200$111
32 years$853$597$408$274$181$98
33 years$818$565$381$252$164$86
34 years$786$535$356$232$148$76
35 years$755$508$333$213$134$67
36 years$726$482$311$196$122$60
37 years$698$458$291$181$110$53
38 years$673$435$273$167$100$47
39 years$648$414$256$154$91$41
40 years$625$394$240$142$82$37
41 years$603$375$225$131$75$32
42 years$582$357$211$121$68$29
43 years$562$340$198$112$62$25
44 years$543$324$186$103$56$22
45 years$525$309$174$95$51$20
46 years$508$295$164$88$46$18
47 years$491$281$154$81$42$16
48 years$476$269$145$75$38$14
49 years$461$256$136$69$34$12
50 years$446$245$128$64$31$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $457,000, adding $5,592 every year, while hoping to spend $26,929 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: 36/48/16 Blend
62$457,000$457,000$457,000$457,000
63$509,382$485,161$478,078$525,047
64$532,687$480,282$465,441$532,004
65$557,466$474,261$451,478$536,553
66$583,842$467,014$436,117$540,889
67$611,948$458,451$419,281$545,007
68$641,930$448,479$400,890$548,904
69$673,948$436,996$380,862$552,579
70$708,179$423,897$359,108$556,035
71$744,813$409,068$335,539$559,276
72$784,064$392,391$310,059$562,311
73$826,160$373,741$282,568$565,151
74$871,358$352,984$252,964$567,813
75$919,935$329,979$221,136$570,318
76$972,198$304,577$186,974$572,696
77$1,028,482$276,620$150,357$574,979
78$1,089,156$245,944$111,163$577,211
79$1,154,625$212,371$69,262$579,442
80$1,225,335$175,715$24,521$581,733
81$1,301,775$135,781$0$584,157
82$1,384,483$92,361$0$590,763
83$1,474,050$45,237$0$602,410
84$1,571,126$0$0$615,049
85$1,676,425$0$0$631,918
86$1,790,734$0$0$676,222
87$1,914,916$0$0$724,410
88$2,049,923$0$0$776,859
89$2,196,801$0$0$833,982
90$2,356,701$0$0$896,236
91$2,530,889$0$0$964,120
92$2,720,759$0$0$1,038,187
93$2,927,845$0$0$1,119,045
94$3,153,835$0$0$1,207,361
95$3,400,588$0$0$1,303,872
96$3,670,149$0$0$1,409,389
97$3,964,770$0$0$1,524,802
98$4,286,931$0$0$1,651,094
99$4,639,362$0$0$1,789,348
100$5,025,068$0$0$1,940,753