Can I retire at age 63 with 477,000?

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 $477,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$39,390$39,039$38,697$38,363$38,037$37,223
2 years$19,500$19,137$18,785$18,444$18,113$17,297
3 years$12,871$12,506$12,155$11,817$11,491$10,699
4 years$9,557$9,193$8,846$8,514$8,196$7,433
5 years$7,569$7,208$6,865$6,539$6,230$5,499
6 years$6,244$5,886$5,548$5,229$4,930$4,231
7 years$5,298$4,943$4,610$4,299$4,009$3,343
8 years$4,589$4,237$3,910$3,607$3,326$2,692
9 years$4,038$3,689$3,368$3,072$2,801$2,199
10 years$3,597$3,252$2,936$2,648$2,387$1,815
11 years$3,237$2,895$2,585$2,305$2,053$1,512
12 years$2,937$2,598$2,294$2,022$1,779$1,268
13 years$2,683$2,348$2,049$1,785$1,551$1,069
14 years$2,466$2,134$1,841$1,584$1,360$905
15 years$2,278$1,950$1,663$1,413$1,197$770
16 years$2,113$1,789$1,507$1,265$1,058$656
17 years$1,968$1,647$1,372$1,137$938$561
18 years$1,840$1,522$1,252$1,024$834$481
19 years$1,725$1,411$1,146$926$743$413
20 years$1,621$1,311$1,052$838$664$355
21 years$1,528$1,221$968$761$594$305
22 years$1,443$1,140$892$692$533$263
23 years$1,366$1,066$823$630$478$227
24 years$1,295$999$762$575$430$196
25 years$1,230$937$705$525$387$169
26 years$1,170$881$654$480$348$147
27 years$1,114$829$607$439$314$127
28 years$1,063$781$565$402$283$110
29 years$1,015$737$525$369$256$95
30 years$971$696$489$339$231$82
31 years$929$658$456$311$209$71
32 years$891$623$426$286$189$62
33 years$854$590$398$263$171$54
34 years$820$559$371$242$155$46
35 years$788$530$347$223$140$40
36 years$758$503$325$205$127$35
37 years$729$478$304$189$115$30
38 years$702$454$285$174$104$26
39 years$676$432$267$161$95$23
40 years$652$411$250$148$86$20
41 years$629$391$234$137$78$17
42 years$607$372$220$126$71$15
43 years$587$355$206$116$64$13
44 years$567$338$194$107$58$11
45 years$548$323$182$99$53$10
46 years$530$308$171$92$48$8
47 years$513$294$161$85$44$7
48 years$496$280$151$78$40$6
49 years$481$268$142$72$36$6
50 years$466$256$133$67$33$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $477,000, adding $2,490 every year, while hoping to spend $20,971 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: 66/26/8 Blend
62$477,000$477,000$477,000$477,000
63$528,222$502,941$495,548$562,118
64$559,788$505,273$489,836$587,299
65$593,871$507,015$483,229$612,075
66$630,705$508,118$475,677$638,601
67$670,548$508,527$467,123$667,047
68$713,684$508,185$457,512$697,596
69$760,424$507,030$446,783$730,455
70$811,110$504,998$434,873$765,849
71$866,120$502,020$421,719$804,029
72$925,868$498,022$407,250$845,271
73$990,810$492,928$391,395$889,878
74$1,061,446$486,656$374,081$938,188
75$1,138,329$479,117$355,228$990,571
76$1,222,065$470,220$334,754$1,047,436
77$1,313,322$459,868$312,576$1,109,237
78$1,412,836$447,956$288,602$1,176,471
79$1,521,415$434,376$262,740$1,249,691
80$1,639,950$419,011$234,892$1,329,503
81$1,769,422$401,739$204,958$1,416,580
82$1,910,908$382,430$172,829$1,511,661
83$2,065,598$360,946$138,396$1,615,566
84$2,234,799$337,142$101,542$1,729,195
85$2,419,952$310,866$62,147$1,853,544
86$2,622,642$281,953$20,084$1,989,713
87$2,844,616$250,233$0$2,138,913
88$3,087,797$215,525$0$2,304,601
89$3,354,302$177,636$0$2,488,103
90$3,646,466$136,365$0$2,689,343
91$3,966,855$91,497$0$2,910,131
92$4,318,301$42,807$0$3,152,465
93$4,703,919$0$0$3,418,546
94$5,127,143$0$0$3,713,646
95$5,591,753$0$0$4,051,080
96$6,101,915$0$0$4,421,630
97$6,662,217$0$0$4,828,632
98$7,277,714$0$0$5,275,762
99$7,953,975$0$0$5,767,070
100$8,697,133$0$0$6,307,016