Can I retire at age 63 with 465,000?

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 $465,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$38,399$38,057$37,724$37,398$37,080$35,821
2 years$19,010$18,656$18,312$17,980$17,657$16,402
3 years$12,547$12,192$11,849$11,520$11,202$9,990
4 years$9,317$8,962$8,623$8,299$7,990$6,829
5 years$7,379$7,026$6,692$6,375$6,074$4,968
6 years$6,087$5,738$5,408$5,098$4,806$3,756
7 years$5,165$4,818$4,494$4,191$3,908$2,914
8 years$4,474$4,130$3,811$3,516$3,242$2,303
9 years$3,937$3,596$3,283$2,995$2,731$1,845
10 years$3,507$3,170$2,862$2,582$2,327$1,493
11 years$3,156$2,822$2,520$2,247$2,001$1,218
12 years$2,863$2,533$2,236$1,971$1,734$1,000
13 years$2,616$2,289$1,998$1,740$1,512$825
14 years$2,404$2,081$1,795$1,544$1,325$684
15 years$2,220$1,901$1,621$1,377$1,167$568
16 years$2,060$1,744$1,469$1,233$1,031$474
17 years$1,919$1,606$1,337$1,108$915$396
18 years$1,793$1,484$1,221$999$813$331
19 years$1,681$1,375$1,117$902$725$277
20 years$1,580$1,278$1,025$817$647$233
21 years$1,489$1,190$943$742$579$196
22 years$1,407$1,111$869$674$519$164
23 years$1,331$1,039$803$614$466$138
24 years$1,262$974$742$560$419$116
25 years$1,199$914$688$512$377$98
26 years$1,140$859$638$468$340$83
27 years$1,086$808$592$428$306$70
28 years$1,036$762$550$392$276$59
29 years$990$719$512$360$249$50
30 years$947$679$477$330$225$42
31 years$906$641$445$303$204$35
32 years$868$607$415$279$184$30
33 years$833$575$388$256$167$25
34 years$799$545$362$236$151$21
35 years$768$517$339$217$137$18
36 years$739$490$317$200$124$15
37 years$711$466$296$184$112$13
38 years$684$443$278$170$102$11
39 years$659$421$260$157$92$9
40 years$636$400$244$144$84$8
41 years$613$381$229$133$76$6
42 years$592$363$214$123$69$5
43 years$572$346$201$113$63$5
44 years$552$330$189$105$57$4
45 years$534$314$177$97$52$3
46 years$517$300$167$89$47$3
47 years$500$286$156$83$43$2
48 years$484$273$147$76$39$2
49 years$469$261$138$71$35$2
50 years$454$249$130$65$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $465,000, adding $3,030 every year, while hoping to spend $34,375 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: 77/18/5 Blend
62$465,000$465,000$465,000$465,000
63$515,555$490,910$483,703$554,880
64$531,567$478,390$463,332$568,585
65$548,060$464,105$441,127$578,838
66$565,047$447,931$416,990$589,056
67$582,541$429,738$390,818$599,222
68$600,555$409,390$362,505$609,315
69$619,102$386,740$331,939$619,312
70$638,195$361,635$299,003$629,191
71$657,848$333,912$263,577$638,926
72$678,074$303,400$225,533$648,489
73$698,887$269,915$184,737$657,850
74$720,299$233,267$141,052$666,978
75$742,325$193,253$94,332$675,837
76$764,976$149,656$44,427$684,392
77$788,267$102,253$0$692,601
78$812,209$50,802$0$700,894
79$836,814$0$0$711,312
80$862,095$0$0$722,423
81$888,062$0$0$744,171
82$914,726$0$0$766,500
83$942,096$0$0$789,420
84$970,181$0$0$812,937
85$998,988$0$0$837,056
86$1,028,524$0$0$861,784
87$1,058,793$0$0$887,123
88$1,089,799$0$0$913,076
89$1,121,541$0$0$939,644
90$1,154,020$0$0$966,825
91$1,187,231$0$0$994,615
92$1,221,168$0$0$1,023,009
93$1,255,822$0$0$1,051,998
94$1,291,177$0$0$1,081,569
95$1,327,218$0$0$1,111,709
96$1,363,922$0$0$1,142,397
97$1,401,261$0$0$1,173,610
98$1,439,203$0$0$1,205,320
99$1,477,707$0$0$1,237,492
100$1,516,728$0$0$1,270,086