Can I retire at age 63 with 469,000?

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 $469,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$38,730$38,385$38,048$37,720$37,399$35,915
2 years$19,173$18,816$18,470$18,134$17,809$16,332
3 years$12,655$12,296$11,951$11,619$11,299$9,876
4 years$9,397$9,039$8,697$8,371$8,058$6,700
5 years$7,442$7,087$6,750$6,430$6,126$4,836
6 years$6,140$5,787$5,455$5,142$4,847$3,626
7 years$5,210$4,860$4,533$4,227$3,942$2,789
8 years$4,512$4,166$3,844$3,546$3,270$2,185
9 years$3,970$3,627$3,311$3,021$2,754$1,734
10 years$3,537$3,197$2,887$2,604$2,347$1,390
11 years$3,183$2,846$2,541$2,266$2,018$1,123
12 years$2,888$2,555$2,255$1,988$1,749$913
13 years$2,638$2,309$2,015$1,755$1,525$746
14 years$2,425$2,098$1,811$1,558$1,337$611
15 years$2,240$1,917$1,635$1,389$1,177$503
16 years$2,078$1,759$1,482$1,244$1,040$414
17 years$1,935$1,620$1,349$1,118$922$342
18 years$1,809$1,497$1,231$1,007$820$283
19 years$1,696$1,387$1,127$910$731$235
20 years$1,594$1,289$1,034$824$653$195
21 years$1,502$1,201$951$748$584$162
22 years$1,419$1,121$877$680$524$134
23 years$1,343$1,048$810$619$470$112
24 years$1,273$982$749$565$423$93
25 years$1,209$922$693$516$380$77
26 years$1,150$866$643$472$343$64
27 years$1,096$815$597$432$309$54
28 years$1,045$768$555$396$279$45
29 years$998$725$517$363$252$37
30 years$955$684$481$333$227$31
31 years$914$647$449$306$206$26
32 years$876$612$419$281$186$22
33 years$840$580$391$258$168$18
34 years$806$549$365$238$152$15
35 years$775$521$341$219$138$12
36 years$745$495$319$202$125$10
37 years$717$470$299$186$113$9
38 years$690$446$280$171$103$7
39 years$665$425$262$158$93$6
40 years$641$404$246$146$84$5
41 years$619$385$231$134$77$4
42 years$597$366$216$124$70$3
43 years$577$349$203$114$63$3
44 years$557$333$190$106$57$2
45 years$539$317$179$98$52$2
46 years$521$303$168$90$47$2
47 years$504$289$158$83$43$1
48 years$488$276$148$77$39$1
49 years$473$263$139$71$35$1
50 years$458$251$131$66$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $469,000, adding $3,767 every year, while hoping to spend $29,572 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: 72/12/16 Blend
62$469,000$469,000$469,000$469,000
63$520,724$495,867$488,597$556,048
64$542,373$488,700$473,501$572,821
65$565,240$480,191$456,908$587,233
66$589,416$470,242$438,736$602,245
67$615,004$458,751$418,901$617,910
68$642,115$445,610$397,314$634,289
69$670,868$430,703$373,882$651,447
70$701,397$413,908$348,508$669,458
71$733,846$395,096$321,089$688,403
72$768,373$374,130$291,521$708,374
73$805,152$350,868$259,692$729,472
74$844,373$325,155$225,486$751,809
75$886,242$296,831$188,783$775,509
76$930,987$265,724$149,456$800,712
77$978,859$231,656$107,374$827,570
78$1,030,131$194,435$62,399$856,254
79$1,085,102$153,860$14,387$886,953
80$1,144,101$109,718$0$919,876
81$1,207,491$61,786$0$961,549
82$1,275,668$9,826$0$1,008,966
83$1,349,066$0$0$1,059,984
84$1,428,164$0$0$1,121,078
85$1,513,488$0$0$1,188,396
86$1,605,613$0$0$1,261,099
87$1,705,174$0$0$1,339,690
88$1,812,868$0$0$1,424,721
89$1,929,460$0$0$1,516,799
90$2,055,793$0$0$1,616,591
91$2,192,791$0$0$1,724,833
92$2,341,474$0$0$1,842,331
93$2,502,960$0$0$1,969,973
94$2,678,482$0$0$2,108,735
95$2,869,393$0$0$2,259,693
96$3,077,186$0$0$2,424,028
97$3,303,499$0$0$2,603,042
98$3,550,138$0$0$2,798,166
99$3,819,090$0$0$3,010,975
100$4,112,539$0$0$3,243,203