Can I retire at age 63 with 398,000?

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 $398,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$32,866$32,574$32,288$32,009$31,737$31,353
2 years$16,271$15,968$15,674$15,389$15,113$14,727
3 years$10,739$10,435$10,142$9,860$9,588$9,212
4 years$7,974$7,671$7,381$7,104$6,838$6,474
5 years$6,316$6,014$5,728$5,456$5,198$4,848
6 years$5,210$4,911$4,629$4,363$4,113$3,777
7 years$4,421$4,124$3,847$3,587$3,345$3,023
8 years$3,829$3,535$3,262$3,009$2,775$2,467
9 years$3,369$3,078$2,810$2,563$2,337$2,043
10 years$3,002$2,713$2,450$2,210$1,991$1,710
11 years$2,701$2,415$2,157$1,923$1,713$1,445
12 years$2,451$2,168$1,914$1,687$1,484$1,230
13 years$2,239$1,959$1,710$1,489$1,294$1,053
14 years$2,058$1,781$1,536$1,322$1,134$906
15 years$1,901$1,627$1,387$1,179$999$782
16 years$1,763$1,493$1,258$1,056$883$678
17 years$1,642$1,375$1,144$948$783$589
18 years$1,535$1,270$1,045$855$696$513
19 years$1,439$1,177$956$772$620$448
20 years$1,353$1,094$878$699$554$392
21 years$1,275$1,019$807$635$496$343
22 years$1,204$951$744$577$444$301
23 years$1,139$890$687$526$399$265
24 years$1,080$833$635$479$359$233
25 years$1,026$782$589$438$323$205
26 years$976$735$546$400$291$180
27 years$930$692$507$366$262$159
28 years$887$652$471$336$236$140
29 years$847$615$438$308$214$124
30 years$810$581$408$283$193$109
31 years$776$549$381$260$174$96
32 years$743$520$355$238$158$85
33 years$713$492$332$219$143$75
34 years$684$466$310$202$129$66
35 years$657$442$290$186$117$59
36 years$632$420$271$171$106$52
37 years$608$399$254$158$96$46
38 years$586$379$238$145$87$41
39 years$564$360$223$134$79$36
40 years$544$343$209$124$72$32
41 years$525$326$196$114$65$28
42 years$507$311$184$105$59$25
43 years$489$296$172$97$54$22
44 years$473$282$162$90$49$20
45 years$457$269$152$83$44$17
46 years$442$257$143$76$40$15
47 years$428$245$134$71$36$14
48 years$414$234$126$65$33$12
49 years$401$223$118$60$30$11
50 years$389$213$111$56$27$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $398,000, adding $5,348 every year, while hoping to spend $26,723 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: 45/26/29 Blend
62$398,000$398,000$398,000$398,000
63$444,112$423,018$416,849$460,168
64$460,979$415,313$402,381$464,415
65$478,670$406,335$386,532$466,050
66$497,242$395,993$369,228$467,316
67$516,755$384,191$350,392$468,194
68$537,275$370,828$329,941$468,663
69$558,875$355,796$307,792$468,705
70$581,632$338,982$283,855$468,302
71$605,631$320,265$258,037$467,434
72$630,966$299,518$230,241$466,084
73$657,737$276,606$200,366$464,235
74$686,054$251,388$168,307$461,872
75$716,038$223,713$133,952$458,980
76$747,821$193,422$97,186$455,547
77$781,547$160,347$57,890$451,561
78$817,372$124,312$15,936$447,016
79$855,468$85,128$0$441,906
80$896,025$42,597$0$445,152
81$939,246$0$0$453,676
82$985,359$0$0$463,591
83$1,034,611$0$0$487,226
84$1,087,271$0$0$512,526
85$1,143,638$0$0$539,639
86$1,204,035$0$0$568,724
87$1,268,822$0$0$599,958
88$1,338,389$0$0$633,535
89$1,413,166$0$0$669,667
90$1,493,626$0$0$708,587
91$1,580,287$0$0$750,550
92$1,673,718$0$0$795,840
93$1,774,545$0$0$844,764
94$1,883,454$0$0$897,662
95$2,001,201$0$0$954,908
96$2,128,616$0$0$1,016,912
97$2,266,610$0$0$1,084,126
98$2,416,188$0$0$1,157,045
99$2,578,452$0$0$1,236,216
100$2,754,615$0$0$1,322,238