Can I retire at age 63 with 467,000?

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 $467,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$38,564$38,221$37,886$37,559$37,239$36,683
2 years$19,091$18,736$18,391$18,057$17,733$17,174
3 years$12,601$12,244$11,900$11,569$11,251$10,706
4 years$9,357$9,001$8,660$8,335$8,024$7,498
5 years$7,410$7,057$6,721$6,402$6,100$5,594
6 years$6,113$5,762$5,431$5,120$4,826$4,341
7 years$5,187$4,839$4,514$4,209$3,925$3,461
8 years$4,493$4,148$3,828$3,531$3,256$2,813
9 years$3,953$3,612$3,297$3,008$2,742$2,320
10 years$3,522$3,183$2,874$2,593$2,337$1,934
11 years$3,169$2,834$2,531$2,256$2,010$1,627
12 years$2,875$2,544$2,246$1,979$1,741$1,379
13 years$2,627$2,299$2,006$1,747$1,519$1,175
14 years$2,414$2,089$1,803$1,551$1,331$1,006
15 years$2,230$1,909$1,628$1,383$1,172$864
16 years$2,069$1,751$1,476$1,239$1,036$745
17 years$1,927$1,613$1,343$1,113$918$645
18 years$1,801$1,490$1,226$1,003$817$559
19 years$1,688$1,381$1,122$906$728$485
20 years$1,587$1,284$1,030$821$650$422
21 years$1,496$1,196$947$745$582$368
22 years$1,413$1,116$873$677$522$321
23 years$1,337$1,044$806$617$468$281
24 years$1,268$978$746$563$421$245
25 years$1,204$918$691$514$379$215
26 years$1,145$863$640$470$341$188
27 years$1,091$812$595$430$308$165
28 years$1,041$765$553$394$277$144
29 years$994$722$514$361$251$127
30 years$951$681$479$332$226$111
31 years$910$644$447$304$205$98
32 years$872$610$417$280$185$86
33 years$836$577$389$257$168$75
34 years$803$547$364$237$152$66
35 years$771$519$340$218$137$58
36 years$742$493$318$201$124$51
37 years$714$468$298$185$113$45
38 years$687$445$279$170$102$40
39 years$662$423$261$157$93$35
40 years$638$402$245$145$84$31
41 years$616$383$230$134$76$27
42 years$595$365$215$123$69$24
43 years$574$347$202$114$63$21
44 years$555$331$190$105$57$18
45 years$536$316$178$97$52$16
46 years$519$301$167$90$47$14
47 years$502$287$157$83$43$12
48 years$486$274$148$77$39$11
49 years$471$262$139$71$35$10
50 years$456$250$130$65$32$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $467,000, adding $6,227 every year, while hoping to spend $26,025 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: 54/34/12 Blend
62$467,000$467,000$467,000$467,000
63$521,057$496,306$489,068$547,251
64$546,515$492,935$477,761$562,380
65$573,696$488,526$465,203$575,491
66$602,751$483,001$451,325$589,158
67$633,841$476,278$436,054$603,437
68$667,145$468,268$419,314$618,396
69$702,859$458,878$401,026$634,106
70$741,197$448,009$381,107$650,650
71$782,395$435,557$359,470$668,121
72$826,711$421,411$336,024$686,622
73$874,429$405,454$310,674$706,268
74$925,862$387,563$283,323$727,188
75$981,351$367,605$253,866$749,528
76$1,041,274$345,442$222,195$773,447
77$1,106,043$320,928$188,197$799,126
78$1,176,113$293,907$151,756$826,765
79$1,251,983$264,215$112,747$856,589
80$1,334,204$231,680$71,042$888,846
81$1,423,378$196,118$26,508$923,813
82$1,520,171$157,336$0$961,801
83$1,625,312$115,129$0$1,005,843
84$1,739,605$69,281$0$1,057,429
85$1,863,933$19,565$0$1,113,604
86$1,999,271$0$0$1,174,863
87$2,146,687$0$0$1,254,569
88$2,307,359$0$0$1,349,461
89$2,482,584$0$0$1,452,990
90$2,673,788$0$0$1,566,005
91$2,882,542$0$0$1,689,439
92$3,110,572$0$0$1,824,319
93$3,359,784$0$0$1,971,778
94$3,632,271$0$0$2,133,062
95$3,930,339$0$0$2,309,541
96$4,256,530$0$0$2,502,727
97$4,613,638$0$0$2,714,282
98$5,004,745$0$0$2,946,039
99$5,433,241$0$0$3,200,014
100$5,902,860$0$0$3,478,429