Can I retire at age 63 with 472,000?

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 $472,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$38,977$38,630$38,291$37,961$37,638$36,818
2 years$19,296$18,936$18,588$18,250$17,923$17,101
3 years$12,736$12,375$12,028$11,693$11,371$10,573
4 years$9,457$9,097$8,753$8,424$8,110$7,341
5 years$7,490$7,132$6,793$6,471$6,165$5,428
6 years$6,179$5,824$5,490$5,175$4,878$4,174
7 years$5,243$4,891$4,562$4,254$3,967$3,296
8 years$4,541$4,192$3,869$3,569$3,291$2,653
9 years$3,996$3,650$3,332$3,040$2,772$2,165
10 years$3,560$3,218$2,905$2,620$2,362$1,787
11 years$3,203$2,864$2,558$2,281$2,031$1,487
12 years$2,906$2,571$2,270$2,000$1,760$1,246
13 years$2,655$2,323$2,028$1,766$1,535$1,050
14 years$2,440$2,112$1,822$1,568$1,345$889
15 years$2,254$1,929$1,645$1,398$1,185$755
16 years$2,091$1,770$1,492$1,252$1,047$643
17 years$1,948$1,630$1,357$1,125$928$550
18 years$1,820$1,506$1,239$1,014$825$471
19 years$1,706$1,396$1,134$916$736$404
20 years$1,604$1,297$1,041$830$657$347
21 years$1,512$1,208$957$753$588$298
22 years$1,428$1,128$882$685$527$257
23 years$1,351$1,055$815$623$473$222
24 years$1,281$988$754$569$425$191
25 years$1,217$928$698$519$383$165
26 years$1,158$872$647$475$345$143
27 years$1,103$820$601$435$311$123
28 years$1,052$773$559$398$280$107
29 years$1,005$729$520$365$253$92
30 years$961$689$484$335$229$80
31 years$920$651$452$308$207$69
32 years$881$616$421$283$187$60
33 years$845$583$393$260$169$52
34 years$811$553$368$239$153$45
35 years$780$524$344$220$139$39
36 years$750$498$321$203$126$34
37 years$721$473$301$187$114$29
38 years$695$449$282$172$103$25
39 years$669$427$264$159$94$22
40 years$645$407$247$147$85$19
41 years$623$387$232$135$77$16
42 years$601$369$218$125$70$14
43 years$580$351$204$115$64$12
44 years$561$335$192$106$58$11
45 years$542$319$180$98$52$9
46 years$524$304$169$91$48$8
47 years$507$291$159$84$43$7
48 years$491$277$149$77$39$6
49 years$476$265$140$72$36$5
50 years$461$253$132$66$32$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $472,000, adding $5,058 every year, while hoping to spend $29,881 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: 48/31/21 Blend
62$472,000$472,000$472,000$472,000
63$525,361$500,345$493,029$547,236
64$547,155$493,069$477,753$555,717
65$570,170$484,435$460,963$561,510
66$594,500$474,344$442,577$567,182
67$620,246$462,694$422,510$572,732
68$647,518$449,374$400,672$578,165
69$676,439$434,267$376,969$583,487
70$707,140$417,250$351,301$588,705
71$739,767$398,194$323,568$593,833
72$774,477$376,959$293,661$598,886
73$811,443$353,400$261,469$603,883
74$850,857$327,363$226,875$608,850
75$892,925$298,685$189,756$613,818
76$937,876$267,192$149,985$618,822
77$985,958$232,704$107,428$623,908
78$1,037,446$195,026$61,947$629,126
79$1,092,639$153,957$13,397$634,539
80$1,151,868$109,280$0$640,217
81$1,215,493$60,769$0$654,853
82$1,283,911$8,185$0$673,696
83$1,357,558$0$0$693,889
84$1,436,911$0$0$732,221
85$1,522,496$0$0$776,615
86$1,614,889$0$0$824,583
87$1,714,726$0$0$876,459
88$1,822,702$0$0$932,611
89$1,939,583$0$0$993,444
90$2,066,212$0$0$1,059,401
91$2,203,513$0$0$1,130,972
92$2,352,506$0$0$1,208,693
93$2,514,310$0$0$1,293,156
94$2,690,155$0$0$1,385,012
95$2,881,398$0$0$1,484,975
96$3,089,527$0$0$1,593,834
97$3,316,185$0$0$1,712,454
98$3,563,174$0$0$1,841,789
99$3,832,482$0$0$1,982,888
100$4,126,293$0$0$2,136,905