Can I retire at age 63 with 469,000?

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 $469,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$38,730$38,385$38,048$37,720$37,399$37,163
2 years$19,173$18,816$18,470$18,134$17,809$17,571
3 years$12,655$12,296$11,951$11,619$11,299$11,066
4 years$9,397$9,039$8,697$8,371$8,058$7,833
5 years$7,442$7,087$6,750$6,430$6,126$5,908
6 years$6,140$5,787$5,455$5,142$4,847$4,638
7 years$5,210$4,860$4,533$4,227$3,942$3,741
8 years$4,512$4,166$3,844$3,546$3,270$3,077
9 years$3,970$3,627$3,311$3,021$2,754$2,569
10 years$3,537$3,197$2,887$2,604$2,347$2,169
11 years$3,183$2,846$2,541$2,266$2,018$1,849
12 years$2,888$2,555$2,255$1,988$1,749$1,587
13 years$2,638$2,309$2,015$1,755$1,525$1,371
14 years$2,425$2,098$1,811$1,558$1,337$1,190
15 years$2,240$1,917$1,635$1,389$1,177$1,038
16 years$2,078$1,759$1,482$1,244$1,040$908
17 years$1,935$1,620$1,349$1,118$922$797
18 years$1,809$1,497$1,231$1,007$820$701
19 years$1,696$1,387$1,127$910$731$618
20 years$1,594$1,289$1,034$824$653$546
21 years$1,502$1,201$951$748$584$484
22 years$1,419$1,121$877$680$524$429
23 years$1,343$1,048$810$619$470$381
24 years$1,273$982$749$565$423$338
25 years$1,209$922$693$516$380$301
26 years$1,150$866$643$472$343$268
27 years$1,096$815$597$432$309$239
28 years$1,045$768$555$396$279$213
29 years$998$725$517$363$252$190
30 years$955$684$481$333$227$170
31 years$914$647$449$306$206$152
32 years$876$612$419$281$186$135
33 years$840$580$391$258$168$121
34 years$806$549$365$238$152$108
35 years$775$521$341$219$138$97
36 years$745$495$319$202$125$87
37 years$717$470$299$186$113$78
38 years$690$446$280$171$103$69
39 years$665$425$262$158$93$62
40 years$641$404$246$146$84$56
41 years$619$385$231$134$77$50
42 years$597$366$216$124$70$45
43 years$577$349$203$114$63$40
44 years$557$333$190$106$57$36
45 years$539$317$179$98$52$32
46 years$521$303$168$90$47$29
47 years$504$289$158$83$43$26
48 years$488$276$148$77$39$23
49 years$473$263$139$71$35$21
50 years$458$251$131$66$32$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $469,000, adding $3,350 every year, while hoping to spend $25,941 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: 68/5/27 Blend
62$469,000$469,000$469,000$469,000
63$520,294$495,437$488,167$551,814
64$545,762$492,112$476,920$570,098
65$572,960$487,755$464,426$586,834
66$602,034$482,288$450,617$604,553
67$633,150$475,627$435,420$623,355
68$666,484$467,687$418,760$643,346
69$702,235$458,372$400,558$664,648
70$740,617$447,587$380,731$687,393
71$781,866$435,225$359,192$711,730
72$826,243$421,177$335,851$737,822
73$874,032$405,327$310,614$765,850
74$925,546$387,551$283,383$796,014
75$981,129$367,718$254,053$828,537
76$1,041,158$345,691$222,518$863,664
77$1,106,049$321,322$188,665$901,668
78$1,176,258$294,459$152,377$942,850
79$1,252,286$264,937$113,531$987,543
80$1,334,684$232,584$72,000$1,036,115
81$1,424,059$197,218$27,649$1,088,973
82$1,521,077$158,645$0$1,146,569
83$1,626,471$116,663$0$1,215,071
84$1,741,049$71,057$0$1,298,228
85$1,865,696$21,600$0$1,388,719
86$2,001,390$0$0$1,487,263
87$2,149,205$0$0$1,596,410
88$2,310,322$0$0$1,716,701
89$2,486,044$0$0$1,847,920
90$2,677,801$0$0$1,991,142
91$2,887,170$0$0$2,147,547
92$3,115,885$0$0$2,318,434
93$3,365,858$0$0$2,505,234
94$3,639,191$0$0$2,709,524
95$3,938,200$0$0$2,933,036
96$4,265,433$0$0$3,177,682
97$4,623,699$0$0$3,445,564
98$5,016,088$0$0$3,738,998
99$5,446,005$0$0$4,060,535
100$5,917,200$0$0$4,412,984