Can I retire at age 63 with 463,000?

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 $463,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$38,234$37,894$37,561$37,237$36,920$36,611
2 years$18,928$18,575$18,234$17,902$17,581$17,269
3 years$12,493$12,139$11,798$11,470$11,154$10,850
4 years$9,277$8,924$8,586$8,264$7,955$7,660
5 years$7,347$6,996$6,663$6,347$6,047$5,763
6 years$6,061$5,713$5,385$5,076$4,785$4,511
7 years$5,143$4,798$4,475$4,173$3,892$3,629
8 years$4,455$4,113$3,795$3,501$3,228$2,977
9 years$3,920$3,581$3,269$2,982$2,719$2,478
10 years$3,492$3,156$2,850$2,570$2,317$2,086
11 years$3,142$2,810$2,509$2,237$1,992$1,773
12 years$2,851$2,522$2,227$1,962$1,727$1,517
13 years$2,604$2,279$1,989$1,732$1,506$1,306
14 years$2,394$2,072$1,787$1,538$1,320$1,130
15 years$2,211$1,892$1,614$1,371$1,162$982
16 years$2,051$1,736$1,463$1,228$1,027$856
17 years$1,911$1,599$1,331$1,103$911$749
18 years$1,786$1,478$1,215$994$810$657
19 years$1,674$1,369$1,113$898$722$577
20 years$1,574$1,273$1,021$814$645$508
21 years$1,483$1,185$939$738$577$448
22 years$1,401$1,106$866$671$517$396
23 years$1,326$1,035$799$612$464$350
24 years$1,257$970$739$558$417$310
25 years$1,194$910$685$509$375$275
26 years$1,136$855$635$466$338$244
27 years$1,082$805$590$426$305$216
28 years$1,032$758$548$391$275$192
29 years$986$715$510$358$248$171
30 years$942$676$475$329$224$152
31 years$902$639$443$302$203$135
32 years$864$604$413$277$184$120
33 years$829$572$386$255$166$107
34 years$796$542$361$235$150$95
35 years$765$514$337$216$136$85
36 years$735$488$315$199$123$76
37 years$708$464$295$183$112$67
38 years$681$441$276$169$101$60
39 years$657$419$259$156$92$54
40 years$633$399$243$144$83$48
41 years$611$380$228$133$76$43
42 years$589$362$213$122$69$38
43 years$569$344$200$113$62$34
44 years$550$328$188$104$57$30
45 years$532$313$177$96$51$27
46 years$514$299$166$89$47$24
47 years$498$285$156$82$42$21
48 years$482$272$146$76$38$19
49 years$467$260$138$70$35$17
50 years$452$248$129$65$32$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $463,000, adding $6,635 every year, while hoping to spend $29,130 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: 68/10/22 Blend
62$463,000$463,000$463,000$463,000
63$517,070$492,531$485,355$548,934
64$538,817$485,671$470,620$564,250
65$561,806$477,498$454,415$577,015
66$586,133$467,918$436,661$590,285
67$611,902$456,830$417,272$604,108
68$639,228$444,127$396,163$618,541
69$668,236$429,696$373,242$633,643
70$699,063$413,418$348,412$649,484
71$731,859$395,167$321,575$666,139
72$766,786$374,808$292,625$683,693
73$804,025$352,200$261,455$702,242
74$843,772$327,193$227,950$721,890
75$886,241$299,630$191,991$742,756
76$931,669$269,344$153,454$764,971
77$980,314$236,156$112,209$788,680
78$1,032,460$199,882$68,122$814,046
79$1,088,417$160,323$21,051$841,249
80$1,148,527$117,270$0$870,489
81$1,213,166$70,505$0$908,841
82$1,282,743$19,794$0$955,418
83$1,357,710$0$0$1,005,588
84$1,438,565$0$0$1,063,558
85$1,525,851$0$0$1,128,512
86$1,620,168$0$0$1,198,720
87$1,722,173$0$0$1,274,674
88$1,832,591$0$0$1,356,918
89$1,952,216$0$0$1,446,045
90$2,081,923$0$0$1,542,711
91$2,222,673$0$0$1,647,635
92$2,375,525$0$0$1,761,611
93$2,541,640$0$0$1,885,508
94$2,722,300$0$0$2,020,285
95$2,918,911$0$0$2,166,997
96$3,133,023$0$0$2,326,804
97$3,366,340$0$0$2,500,983
98$3,620,739$0$0$2,690,938
99$3,898,284$0$0$2,898,217
100$4,201,248$0$0$3,124,521