Can I retire at age 63 with 400,000?

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 $400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$33,032$32,737$32,450$32,170$31,897$31,616
2 years$16,352$16,048$15,753$15,466$15,189$14,906
3 years$10,793$10,487$10,193$9,909$9,636$9,360
4 years$8,014$7,709$7,418$7,139$6,873$6,605
5 years$6,347$6,044$5,757$5,484$5,225$4,967
6 years$5,236$4,936$4,652$4,385$4,134$3,886
7 years$4,443$4,145$3,866$3,605$3,362$3,124
8 years$3,849$3,553$3,279$3,024$2,789$2,561
9 years$3,386$3,093$2,824$2,576$2,349$2,131
10 years$3,017$2,727$2,462$2,221$2,001$1,793
11 years$2,714$2,427$2,167$1,933$1,721$1,522
12 years$2,463$2,179$1,924$1,695$1,492$1,302
13 years$2,250$1,969$1,719$1,497$1,301$1,120
14 years$2,068$1,790$1,544$1,329$1,140$969
15 years$1,910$1,635$1,394$1,185$1,004$841
16 years$1,772$1,500$1,264$1,061$887$733
17 years$1,651$1,381$1,150$953$787$641
18 years$1,543$1,277$1,050$859$699$561
19 years$1,446$1,183$961$776$623$493
20 years$1,359$1,099$882$703$557$434
21 years$1,281$1,024$811$638$498$382
22 years$1,210$956$748$580$447$337
23 years$1,145$894$690$528$401$298
24 years$1,086$838$639$482$360$264
25 years$1,031$786$591$440$324$233
26 years$981$739$549$402$292$207
27 years$935$695$509$368$263$184
28 years$892$655$474$337$238$163
29 years$852$618$441$309$215$145
30 years$814$584$410$284$194$128
31 years$779$552$383$261$175$114
32 years$747$522$357$240$159$102
33 years$716$494$333$220$144$90
34 years$688$469$311$203$130$80
35 years$661$444$291$187$118$72
36 years$635$422$272$172$107$64
37 years$611$401$255$158$97$57
38 years$589$381$239$146$88$51
39 years$567$362$224$135$79$45
40 years$547$345$210$124$72$40
41 years$528$328$197$115$65$36
42 years$509$312$184$106$59$32
43 years$492$298$173$98$54$28
44 years$475$284$162$90$49$25
45 years$459$270$153$83$44$23
46 years$444$258$143$77$40$20
47 years$430$246$135$71$37$18
48 years$416$235$126$66$33$16
49 years$403$224$119$61$30$14
50 years$391$214$112$56$27$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $400,000, adding $6,461 every year, while hoping to spend $25,463 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: 74/20/6 Blend
62$400,000$400,000$400,000$400,000
63$447,465$426,265$420,065$479,795
64$466,013$420,059$407,044$495,759
65$485,601$412,696$392,734$509,374
66$506,306$404,092$377,065$523,559
67$528,215$394,158$359,962$538,360
68$551,422$382,801$341,350$553,830
69$576,031$369,922$321,149$570,027
70$602,152$355,414$299,274$587,016
71$629,910$339,168$275,638$604,867
72$659,439$321,066$250,150$623,662
73$690,887$300,982$222,714$643,487
74$724,413$278,787$193,232$664,441
75$760,196$254,340$161,598$686,632
76$798,428$227,495$127,703$710,181
77$839,322$198,096$91,435$735,220
78$883,110$165,980$52,675$761,898
79$930,046$130,972$11,299$790,378
80$980,411$92,890$0$820,843
81$1,034,512$51,540$0$855,597
82$1,092,685$6,719$0$893,669
83$1,155,300$0$0$934,591
84$1,222,764$0$0$987,844
85$1,295,522$0$0$1,046,884
86$1,374,064$0$0$1,110,632
87$1,458,930$0$0$1,179,526
88$1,550,710$0$0$1,254,049
89$1,650,055$0$0$1,334,732
90$1,757,680$0$0$1,422,156
91$1,874,372$0$0$1,516,963
92$2,000,994$0$0$1,619,857
93$2,138,498$0$0$1,731,614
94$2,287,930$0$0$1,853,086
95$2,450,440$0$0$1,985,210
96$2,627,294$0$0$2,129,019
97$2,819,885$0$0$2,285,648
98$3,029,745$0$0$2,456,347
99$3,258,561$0$0$2,642,489
100$3,508,189$0$0$2,845,590