Can I retire at age 63 with 399,000?

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 $399,000?

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$32,949$32,656$32,369$32,090$31,817$31,432
2 years$16,311$16,008$15,713$15,428$15,151$14,764
3 years$10,766$10,461$10,167$9,885$9,612$9,235
4 years$7,994$7,690$7,399$7,121$6,856$6,491
5 years$6,331$6,029$5,742$5,470$5,212$4,860
6 years$5,223$4,923$4,641$4,374$4,124$3,786
7 years$4,432$4,135$3,856$3,596$3,354$3,030
8 years$3,839$3,544$3,270$3,017$2,782$2,473
9 years$3,378$3,086$2,817$2,570$2,343$2,048
10 years$3,009$2,720$2,456$2,215$1,996$1,715
11 years$2,708$2,421$2,162$1,928$1,717$1,449
12 years$2,457$2,173$1,919$1,691$1,488$1,233
13 years$2,244$1,964$1,714$1,493$1,297$1,055
14 years$2,063$1,785$1,540$1,325$1,137$908
15 years$1,905$1,631$1,391$1,182$1,001$784
16 years$1,768$1,496$1,261$1,058$885$679
17 years$1,646$1,378$1,147$951$785$590
18 years$1,539$1,273$1,047$857$698$514
19 years$1,443$1,180$959$774$622$449
20 years$1,356$1,097$880$701$556$393
21 years$1,278$1,021$809$636$497$344
22 years$1,207$954$746$579$446$302
23 years$1,142$892$689$527$400$265
24 years$1,083$836$637$481$360$233
25 years$1,029$784$590$439$324$205
26 years$979$737$547$401$291$181
27 years$932$694$508$367$263$159
28 years$889$654$472$337$237$140
29 years$849$617$440$309$214$124
30 years$812$582$409$283$193$109
31 years$777$550$382$260$175$97
32 years$745$521$356$239$158$85
33 years$715$493$333$220$143$75
34 years$686$467$311$202$130$67
35 years$659$443$290$186$117$59
36 years$634$421$272$172$106$52
37 years$610$400$254$158$96$46
38 years$587$380$238$146$87$41
39 years$566$361$223$134$79$36
40 years$545$344$209$124$72$32
41 years$526$327$196$114$65$28
42 years$508$312$184$105$59$25
43 years$491$297$173$97$54$22
44 years$474$283$162$90$49$20
45 years$458$270$152$83$44$17
46 years$443$257$143$77$40$15
47 years$429$246$134$71$36$14
48 years$415$234$126$65$33$12
49 years$402$224$119$61$30$11
50 years$390$214$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 $399,000, adding $3,402 every year, while hoping to spend $28,693 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: 67/12/21 Blend
62$399,000$399,000$399,000$399,000
63$443,207$422,060$415,876$470,341
64$457,885$412,212$399,278$479,102
65$473,099$400,920$381,163$485,060
66$488,872$388,082$361,450$490,892
67$505,231$373,592$340,052$496,586
68$522,203$357,337$316,883$502,128
69$539,818$339,196$291,848$507,505
70$558,106$319,043$264,852$512,703
71$577,101$296,745$235,793$517,709
72$596,840$272,159$204,566$522,507
73$617,358$245,137$171,060$527,084
74$638,699$215,518$135,161$531,424
75$660,905$183,137$96,747$535,513
76$684,023$147,817$55,694$539,336
77$708,104$109,371$11,870$542,878
78$733,202$67,601$0$546,126
79$759,376$22,301$0$556,884
80$786,688$0$0$570,667
81$815,206$0$0$588,365
82$845,004$0$0$609,940
83$876,161$0$0$632,504
84$908,762$0$0$656,121
85$942,900$0$0$680,859
86$978,675$0$0$706,791
87$1,016,198$0$0$733,997
88$1,055,584$0$0$762,565
89$1,096,965$0$0$792,587
90$1,140,477$0$0$824,168
91$1,186,274$0$0$857,418
92$1,234,521$0$0$892,460
93$1,285,397$0$0$929,424
94$1,339,098$0$0$968,455
95$1,395,839$0$0$1,009,711
96$1,455,852$0$0$1,053,363
97$1,519,392$0$0$1,099,598
98$1,586,737$0$0$1,148,621
99$1,658,191$0$0$1,200,656
100$1,734,085$0$0$1,255,947