Can I retire at age 63 with 471,000?

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 $471,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$38,895$38,548$38,210$37,880$37,558$37,120
2 years$19,255$18,896$18,549$18,212$17,885$17,443
3 years$12,709$12,349$12,002$11,668$11,347$10,916
4 years$9,437$9,078$8,735$8,406$8,093$7,676
5 years$7,474$7,117$6,778$6,457$6,152$5,751
6 years$6,166$5,812$5,478$5,164$4,868$4,483
7 years$5,232$4,881$4,552$4,245$3,959$3,590
8 years$4,532$4,184$3,861$3,561$3,284$2,931
9 years$3,987$3,643$3,325$3,033$2,766$2,428
10 years$3,552$3,211$2,899$2,615$2,357$2,035
11 years$3,196$2,858$2,552$2,276$2,027$1,720
12 years$2,900$2,565$2,265$1,996$1,756$1,465
13 years$2,649$2,318$2,024$1,762$1,532$1,255
14 years$2,435$2,107$1,818$1,564$1,343$1,080
15 years$2,249$1,925$1,642$1,395$1,182$933
16 years$2,087$1,766$1,488$1,249$1,045$809
17 years$1,944$1,627$1,354$1,122$926$704
18 years$1,816$1,503$1,236$1,011$824$614
19 years$1,703$1,393$1,132$914$734$536
20 years$1,601$1,295$1,039$828$656$469
21 years$1,509$1,206$955$751$587$412
22 years$1,425$1,126$881$683$526$361
23 years$1,348$1,053$813$622$472$318
24 years$1,279$986$752$567$424$279
25 years$1,214$926$696$518$382$246
26 years$1,155$870$646$474$344$217
27 years$1,100$819$600$434$310$191
28 years$1,050$771$558$397$280$169
29 years$1,003$728$519$364$253$149
30 years$959$687$483$334$228$132
31 years$918$650$451$307$206$116
32 years$879$615$420$282$187$103
33 years$843$582$393$260$169$91
34 years$810$552$367$239$153$80
35 years$778$523$343$220$139$71
36 years$748$497$321$202$126$63
37 years$720$472$300$187$114$56
38 years$693$448$281$172$103$49
39 years$668$426$263$159$94$44
40 years$644$406$247$146$85$39
41 years$621$386$232$135$77$34
42 years$600$368$217$125$70$30
43 years$579$350$204$115$63$27
44 years$560$334$191$106$58$24
45 years$541$319$180$98$52$21
46 years$523$304$169$91$47$19
47 years$506$290$158$84$43$17
48 years$490$277$149$77$39$15
49 years$475$264$140$71$36$13
50 years$460$252$132$66$32$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $471,000, adding $5,165 every year, while hoping to spend $28,573 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: 62/29/9 Blend
62$471,000$471,000$471,000$471,000
63$524,370$499,407$492,106$555,539
64$547,454$493,476$478,190$571,088
65$571,935$486,297$462,851$584,281
66$597,926$477,779$446,009$597,960
67$625,548$467,824$427,585$612,173
68$654,937$456,331$407,492$626,972
69$686,240$443,190$385,642$642,416
70$719,617$428,287$361,942$658,573
71$755,245$411,501$336,294$675,516
72$793,318$392,701$308,597$693,329
73$834,046$371,754$278,745$712,106
74$877,663$348,514$246,627$731,952
75$924,423$322,829$212,127$752,982
76$974,605$294,539$175,125$775,329
77$1,028,517$263,473$135,493$799,139
78$1,086,494$229,452$93,101$824,574
79$1,148,906$192,286$47,810$851,816
80$1,216,160$151,773$0$881,070
81$1,288,701$107,702$0$912,610
82$1,367,018$59,849$0$951,542
83$1,451,651$7,978$0$993,565
84$1,543,189$0$0$1,039,008
85$1,642,284$0$0$1,103,603
86$1,749,649$0$0$1,176,378
87$1,866,071$0$0$1,255,322
88$1,992,414$0$0$1,341,025
89$2,129,628$0$0$1,434,137
90$2,278,758$0$0$1,535,370
91$2,440,955$0$0$1,645,510
92$2,617,483$0$0$1,765,420
93$2,809,735$0$0$1,896,052
94$3,019,243$0$0$2,038,450
95$3,247,692$0$0$2,193,767
96$3,496,939$0$0$2,363,268
97$3,769,025$0$0$2,548,350
98$4,066,199$0$0$2,750,547
99$4,390,936$0$0$2,971,550
100$4,745,960$0$0$3,213,218