Can I retire at age 63 with 470,000?

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 $470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$38,812$38,466$38,129$37,800$37,478$37,258
2 years$19,214$18,856$18,509$18,173$17,847$17,624
3 years$12,682$12,323$11,977$11,644$11,323$11,105
4 years$9,417$9,058$8,716$8,389$8,076$7,865
5 years$7,458$7,102$6,764$6,443$6,139$5,935
6 years$6,153$5,799$5,466$5,153$4,857$4,661
7 years$5,221$4,870$4,543$4,236$3,950$3,762
8 years$4,522$4,175$3,852$3,554$3,277$3,096
9 years$3,979$3,635$3,318$3,027$2,760$2,586
10 years$3,545$3,204$2,893$2,609$2,352$2,186
11 years$3,190$2,852$2,547$2,271$2,022$1,864
12 years$2,894$2,560$2,260$1,992$1,753$1,601
13 years$2,644$2,314$2,019$1,759$1,528$1,384
14 years$2,430$2,103$1,814$1,561$1,340$1,202
15 years$2,244$1,921$1,638$1,392$1,180$1,049
16 years$2,082$1,763$1,485$1,247$1,043$918
17 years$1,939$1,623$1,351$1,120$924$806
18 years$1,813$1,500$1,234$1,009$822$710
19 years$1,699$1,390$1,129$912$733$627
20 years$1,597$1,292$1,037$826$654$554
21 years$1,505$1,203$953$750$586$491
22 years$1,422$1,123$879$682$525$436
23 years$1,346$1,050$811$621$471$387
24 years$1,276$984$750$566$423$344
25 years$1,212$924$695$517$381$306
26 years$1,153$868$645$473$343$273
27 years$1,098$817$599$433$309$243
28 years$1,048$770$556$396$279$217
29 years$1,001$726$518$364$252$194
30 years$957$686$482$334$228$173
31 years$916$648$450$306$206$155
32 years$878$613$420$282$186$139
33 years$842$581$392$259$169$124
34 years$808$551$366$238$153$111
35 years$776$522$342$219$138$99
36 years$746$496$320$202$125$89
37 years$718$471$300$186$114$80
38 years$692$447$281$172$103$71
39 years$666$425$263$158$93$64
40 years$643$405$246$146$85$57
41 years$620$385$231$135$77$51
42 years$598$367$217$124$70$46
43 years$578$350$203$115$63$41
44 years$558$333$191$106$57$37
45 years$540$318$179$98$52$33
46 years$522$303$168$90$47$30
47 years$505$289$158$83$43$27
48 years$489$276$149$77$39$24
49 years$474$264$140$71$35$22
50 years$459$252$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 $470,000, adding $2,878 every year, while hoping to spend $28,292 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: 70/21/9 Blend
62$470,000$470,000$470,000$470,000
63$520,909$495,999$488,714$556,299
64$543,939$490,200$474,983$574,311
65$568,370$483,169$459,844$590,280
66$594,315$474,816$443,220$606,991
67$621,897$465,044$425,031$624,509
68$651,252$453,753$405,191$642,909
69$682,528$440,835$383,613$662,273
70$715,887$426,177$360,205$682,693
71$751,506$409,658$334,870$704,271
72$789,580$391,152$307,509$727,120
73$830,323$370,523$278,016$751,364
74$873,968$347,631$246,281$777,143
75$920,771$322,324$212,190$804,611
76$971,015$294,442$175,623$833,939
77$1,025,008$263,819$136,456$865,316
78$1,083,088$230,277$94,558$898,954
79$1,145,630$193,626$49,792$935,084
80$1,213,040$153,671$2,016$973,967
81$1,285,770$110,199$0$1,015,888
82$1,364,310$62,992$0$1,065,868
83$1,449,205$11,813$0$1,120,068
84$1,541,050$0$0$1,178,700
85$1,640,500$0$0$1,252,283
86$1,748,275$0$0$1,335,005
87$1,865,167$0$0$1,424,747
88$1,992,047$0$0$1,522,180
89$2,129,873$0$0$1,628,042
90$2,279,698$0$0$1,743,146
91$2,442,681$0$0$1,868,386
92$2,620,098$0$0$2,004,745
93$2,813,352$0$0$2,153,304
94$3,023,987$0$0$2,315,255
95$3,253,702$0$0$2,491,908
96$3,504,368$0$0$2,684,705
97$3,778,044$0$0$2,895,233
98$4,076,996$0$0$3,125,242
99$4,403,719$0$0$3,376,654
100$4,760,961$0$0$3,651,588