Can I retire at age 63 with 461,000?

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 $461,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$38,069$37,730$37,399$37,076$36,761$35,814
2 years$18,846$18,495$18,155$17,825$17,505$16,558
3 years$12,439$12,087$11,747$11,421$11,106$10,187
4 years$9,236$8,885$8,549$8,228$7,921$7,038
5 years$7,315$6,966$6,634$6,320$6,021$5,177
6 years$6,035$5,688$5,362$5,054$4,764$3,959
7 years$5,121$4,777$4,456$4,155$3,875$3,109
8 years$4,435$4,095$3,779$3,486$3,215$2,487
9 years$3,903$3,565$3,255$2,969$2,707$2,018
10 years$3,477$3,143$2,837$2,559$2,307$1,655
11 years$3,128$2,798$2,498$2,227$1,984$1,369
12 years$2,838$2,511$2,217$1,954$1,719$1,140
13 years$2,593$2,269$1,981$1,725$1,499$954
14 years$2,383$2,063$1,780$1,531$1,314$802
15 years$2,201$1,884$1,607$1,365$1,157$676
16 years$2,042$1,729$1,457$1,223$1,023$572
17 years$1,902$1,592$1,326$1,099$907$485
18 years$1,778$1,471$1,210$990$806$413
19 years$1,667$1,364$1,108$895$719$351
20 years$1,567$1,267$1,017$810$642$299
21 years$1,476$1,180$935$735$574$256
22 years$1,395$1,102$862$669$515$218
23 years$1,320$1,030$796$609$462$187
24 years$1,251$965$736$555$415$160
25 years$1,189$906$682$507$374$137
26 years$1,131$851$632$464$337$117
27 years$1,077$801$587$424$304$101
28 years$1,027$755$546$389$274$86
29 years$981$712$508$357$247$74
30 years$938$673$473$327$223$64
31 years$898$636$441$301$202$55
32 years$861$602$411$276$183$47
33 years$826$570$384$254$165$40
34 years$793$540$359$234$150$35
35 years$761$512$336$215$136$30
36 years$732$486$314$198$123$26
37 years$705$462$294$183$111$22
38 years$678$439$275$168$101$19
39 years$654$417$258$155$92$16
40 years$630$397$242$143$83$14
41 years$608$378$227$132$75$12
42 years$587$360$213$122$68$10
43 years$567$343$199$112$62$9
44 years$548$327$187$104$56$8
45 years$530$312$176$96$51$7
46 years$512$297$165$89$46$6
47 years$496$284$155$82$42$5
48 years$480$271$146$76$38$4
49 years$465$259$137$70$35$4
50 years$450$247$129$65$32$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $461,000, adding $6,014 every year, while hoping to spend $23,620 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: 50/33/17 Blend
62$461,000$461,000$461,000$461,000
63$514,225$489,792$482,647$537,236
64$541,545$488,661$473,684$552,606
65$570,859$486,682$463,629$566,364
66$602,347$483,790$452,421$580,803
67$636,205$479,913$439,995$595,995
68$672,647$474,978$426,284$612,021
69$711,910$468,905$411,218$628,970
70$754,253$461,610$394,722$646,945
71$799,962$453,004$376,720$666,058
72$849,349$442,992$357,132$686,435
73$902,760$431,476$335,872$708,216
74$960,571$418,348$312,854$731,559
75$1,023,200$403,498$287,986$756,636
76$1,091,104$386,807$261,171$783,643
77$1,164,785$368,149$232,309$812,795
78$1,244,798$347,393$201,295$844,334
79$1,331,749$324,397$168,020$878,526
80$1,426,308$299,013$132,370$915,670
81$1,529,213$271,086$94,226$956,096
82$1,641,272$240,449$53,462$1,000,171
83$1,763,378$206,927$9,949$1,048,303
84$1,896,512$170,336$0$1,100,945
85$2,041,754$130,480$0$1,165,218
86$2,200,291$87,152$0$1,237,417
87$2,373,434$40,135$0$1,316,382
88$2,562,621$0$0$1,402,825
89$2,769,439$0$0$1,501,459
90$2,995,633$0$0$1,625,321
91$3,243,127$0$0$1,760,893
92$3,514,035$0$0$1,909,343
93$3,810,690$0$0$2,071,952
94$4,135,657$0$0$2,250,136
95$4,491,764$0$0$2,445,449
96$4,882,124$0$0$2,659,608
97$5,310,164$0$0$2,894,499
98$5,779,661$0$0$3,152,203
99$6,294,775$0$0$3,435,010
100$6,860,086$0$0$3,745,444