Can I retire at age 63 with 459,000?

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 $459,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$37,904$37,566$37,237$36,915$36,601$36,310
2 years$18,764$18,415$18,076$17,748$17,429$17,135
3 years$12,385$12,034$11,696$11,371$11,058$10,771
4 years$9,196$8,846$8,512$8,192$7,887$7,608
5 years$7,284$6,936$6,606$6,292$5,995$5,727
6 years$6,009$5,664$5,338$5,032$4,744$4,486
7 years$5,099$4,756$4,436$4,137$3,858$3,610
8 years$4,416$4,077$3,762$3,471$3,201$2,963
9 years$3,886$3,550$3,240$2,956$2,695$2,468
10 years$3,462$3,129$2,825$2,548$2,297$2,079
11 years$3,115$2,785$2,487$2,218$1,975$1,768
12 years$2,826$2,500$2,207$1,945$1,712$1,514
13 years$2,582$2,259$1,972$1,717$1,493$1,304
14 years$2,373$2,054$1,772$1,524$1,308$1,129
15 years$2,192$1,876$1,600$1,360$1,152$982
16 years$2,034$1,721$1,450$1,217$1,018$857
17 years$1,894$1,585$1,320$1,094$903$750
18 years$1,770$1,465$1,205$986$803$658
19 years$1,659$1,358$1,103$891$715$579
20 years$1,560$1,262$1,012$807$639$510
21 years$1,470$1,175$931$732$572$450
22 years$1,388$1,097$858$666$513$398
23 years$1,314$1,026$792$606$460$352
24 years$1,246$961$733$553$414$312
25 years$1,183$902$679$505$372$277
26 years$1,126$848$629$462$335$245
27 years$1,072$798$585$423$302$218
28 years$1,023$752$543$387$273$194
29 years$977$709$506$355$246$172
30 years$934$670$471$326$223$153
31 years$894$633$439$299$201$137
32 years$857$599$410$275$182$122
33 years$822$567$383$253$165$108
34 years$789$538$357$233$149$97
35 years$758$510$334$214$135$86
36 years$729$484$313$197$122$77
37 years$701$460$293$182$111$68
38 years$675$437$274$168$101$61
39 years$651$416$257$154$91$55
40 years$628$395$241$142$83$49
41 years$605$376$226$131$75$43
42 years$584$358$212$121$68$39
43 years$564$341$199$112$62$35
44 years$545$325$186$103$56$31
45 years$527$310$175$96$51$28
46 years$510$296$164$88$46$25
47 years$493$283$154$82$42$22
48 years$478$270$145$75$38$20
49 years$463$258$136$70$35$18
50 years$448$246$128$64$31$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $459,000, adding $5,175 every year, while hoping to spend $25,792 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: 69/11/20 Blend
62$459,000$459,000$459,000$459,000
63$511,156$486,829$479,715$543,565
64$535,851$483,241$468,342$562,281
65$562,201$478,613$455,725$579,247
66$590,347$472,866$441,793$597,179
67$620,444$465,919$426,475$616,172
68$652,663$457,682$409,695$636,329
69$687,189$448,062$391,374$657,766
70$724,227$436,962$371,430$680,609
71$764,001$424,277$349,776$704,999
72$806,759$409,896$326,323$731,093
73$852,770$393,703$300,977$759,063
74$902,332$375,573$273,639$789,100
75$955,770$355,376$244,206$821,416
76$1,013,443$332,974$212,571$856,245
77$1,075,744$308,220$178,622$893,848
78$1,143,106$280,959$142,242$934,510
79$1,216,005$251,028$103,309$978,550
80$1,294,963$218,254$61,696$1,026,318
81$1,380,555$182,454$17,268$1,078,203
82$1,473,412$143,435$0$1,134,635
83$1,574,231$100,994$0$1,202,522
84$1,683,775$54,915$0$1,280,306
85$1,802,884$4,970$0$1,364,912
86$1,932,485$0$0$1,457,015
87$2,073,595$0$0$1,563,301
88$2,227,334$0$0$1,679,778
89$2,394,935$0$0$1,806,782
90$2,577,754$0$0$1,945,344
91$2,777,284$0$0$2,096,599
92$2,995,169$0$0$2,261,796
93$3,233,219$0$0$2,442,311
94$3,493,425$0$0$2,639,657
95$3,777,979$0$0$2,855,501
96$4,089,298$0$0$3,091,680
97$4,430,039$0$0$3,350,214
98$4,803,130$0$0$3,633,328
99$5,211,795$0$0$3,943,474
100$5,659,584$0$0$4,283,351