Can I retire at age 63 with 471,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.3%
1 years$38,895$38,548$38,210$37,880$37,558$36,890
2 years$19,255$18,896$18,549$18,212$17,885$17,214
3 years$12,709$12,349$12,002$11,668$11,347$10,695
4 years$9,437$9,078$8,735$8,406$8,093$7,464
5 years$7,474$7,117$6,778$6,457$6,152$5,548
6 years$6,166$5,812$5,478$5,164$4,868$4,289
7 years$5,232$4,881$4,552$4,245$3,959$3,406
8 years$4,532$4,184$3,861$3,561$3,284$2,757
9 years$3,987$3,643$3,325$3,033$2,766$2,264
10 years$3,552$3,211$2,899$2,615$2,357$1,880
11 years$3,196$2,858$2,552$2,276$2,027$1,575
12 years$2,900$2,565$2,265$1,996$1,756$1,328
13 years$2,649$2,318$2,024$1,762$1,532$1,126
14 years$2,435$2,107$1,818$1,564$1,343$960
15 years$2,249$1,925$1,642$1,395$1,182$821
16 years$2,087$1,766$1,488$1,249$1,045$705
17 years$1,944$1,627$1,354$1,122$926$606
18 years$1,816$1,503$1,236$1,011$824$523
19 years$1,703$1,393$1,132$914$734$452
20 years$1,601$1,295$1,039$828$656$391
21 years$1,509$1,206$955$751$587$339
22 years$1,425$1,126$881$683$526$294
23 years$1,348$1,053$813$622$472$256
24 years$1,279$986$752$567$424$222
25 years$1,214$926$696$518$382$194
26 years$1,155$870$646$474$344$169
27 years$1,100$819$600$434$310$147
28 years$1,050$771$558$397$280$128
29 years$1,003$728$519$364$253$112
30 years$959$687$483$334$228$97
31 years$918$650$451$307$206$85
32 years$879$615$420$282$187$74
33 years$843$582$393$260$169$65
34 years$810$552$367$239$153$57
35 years$778$523$343$220$139$50
36 years$748$497$321$202$126$43
37 years$720$472$300$187$114$38
38 years$693$448$281$172$103$33
39 years$668$426$263$159$94$29
40 years$644$406$247$146$85$25
41 years$621$386$232$135$77$22
42 years$600$368$217$125$70$19
43 years$579$350$204$115$63$17
44 years$560$334$191$106$58$15
45 years$541$319$180$98$52$13
46 years$523$304$169$91$47$11
47 years$506$290$158$84$43$10
48 years$490$277$149$77$39$9
49 years$475$264$140$71$36$8
50 years$460$252$132$66$32$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $471,000, adding $2,561 every year, while hoping to spend $35,244 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: 50/37/13 Blend
62$471,000$471,000$471,000$471,000
63$521,684$496,721$489,420$545,802
64$537,396$483,561$468,316$549,466
65$553,530$468,575$445,324$549,537
66$570,091$451,636$420,344$548,821
67$587,084$432,610$393,269$547,254
68$604,515$411,356$363,992$544,771
69$622,386$387,723$332,396$541,298
70$640,700$361,552$298,362$536,761
71$659,460$332,677$261,766$531,078
72$678,666$300,918$222,476$524,163
73$698,316$266,090$180,356$515,924
74$718,410$227,994$135,263$506,266
75$738,942$186,420$87,049$495,084
76$759,907$141,148$35,558$482,268
77$781,297$91,943$0$467,702
78$803,101$38,560$0$453,951
79$825,305$0$0$443,632
80$847,893$0$0$439,534
81$870,845$0$0$451,309
82$894,137$0$0$463,244
83$917,740$0$0$475,323
84$941,621$0$0$487,525
85$965,742$0$0$499,830
86$990,057$0$0$512,210
87$1,014,516$0$0$524,638
88$1,039,059$0$0$537,078
89$1,063,619$0$0$549,494
90$1,088,118$0$0$561,842
91$1,112,472$0$0$574,073
92$1,136,580$0$0$586,131
93$1,160,332$0$0$597,955
94$1,183,603$0$0$609,473
95$1,206,253$0$0$620,609
96$1,228,124$0$0$631,272
97$1,249,039$0$0$641,366
98$1,268,800$0$0$650,778
99$1,287,186$0$0$659,386
100$1,303,950$0$0$667,053