Can I retire at age 63 with 402,000?

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 $402,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$33,197$32,901$32,613$32,331$32,056$31,180
2 years$16,434$16,128$15,831$15,544$15,265$14,389
3 years$10,847$10,540$10,244$9,959$9,685$8,836
4 years$8,054$7,748$7,455$7,175$6,907$6,092
5 years$6,379$6,074$5,785$5,511$5,251$4,472
6 years$5,263$4,960$4,675$4,407$4,155$3,412
7 years$4,465$4,166$3,885$3,623$3,379$2,673
8 years$3,868$3,571$3,295$3,040$2,803$2,134
9 years$3,403$3,109$2,838$2,589$2,361$1,727
10 years$3,032$2,740$2,474$2,232$2,011$1,413
11 years$2,728$2,440$2,178$1,942$1,730$1,166
12 years$2,475$2,190$1,933$1,704$1,499$968
13 years$2,261$1,979$1,727$1,504$1,307$808
14 years$2,078$1,799$1,552$1,335$1,146$677
15 years$1,920$1,643$1,401$1,191$1,009$570
16 years$1,781$1,508$1,270$1,066$892$481
17 years$1,659$1,388$1,156$958$791$406
18 years$1,550$1,283$1,055$863$703$344
19 years$1,453$1,189$966$780$627$292
20 years$1,366$1,105$887$707$560$249
21 years$1,288$1,029$815$641$501$212
22 years$1,216$961$752$583$449$180
23 years$1,151$898$694$531$403$154
24 years$1,091$842$642$484$362$131
25 years$1,036$790$594$442$326$112
26 years$986$742$551$404$294$96
27 years$939$699$512$370$265$82
28 years$896$658$476$339$239$70
29 years$856$621$443$311$216$60
30 years$818$587$413$285$195$51
31 years$783$555$385$262$176$44
32 years$751$525$359$241$159$37
33 years$720$497$335$222$144$32
34 years$691$471$313$204$131$27
35 years$664$447$293$188$118$23
36 years$638$424$274$173$107$20
37 years$614$403$256$159$97$17
38 years$592$383$240$147$88$15
39 years$570$364$225$135$80$13
40 years$550$346$211$125$72$11
41 years$530$330$198$115$66$9
42 years$512$314$185$106$60$8
43 years$494$299$174$98$54$7
44 years$478$285$163$91$49$6
45 years$462$272$153$84$45$5
46 years$447$259$144$77$40$4
47 years$432$247$135$71$37$4
48 years$418$236$127$66$33$3
49 years$405$226$119$61$30$3
50 years$392$216$112$56$28$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $402,000, adding $4,156 every year, while hoping to spend $20,857 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: 57/32/11 Blend
62$402,000$402,000$402,000$402,000
63$447,291$425,985$419,754$471,343
64$470,723$424,666$411,624$486,747
65$495,846$422,584$402,523$500,849
66$522,810$419,679$392,395$515,716
67$551,782$415,888$381,185$531,424
68$582,940$411,144$368,832$548,059
69$616,486$405,376$355,274$565,714
70$652,637$398,509$340,445$584,494
71$691,634$390,463$324,278$604,516
72$733,740$381,155$306,700$625,909
73$779,244$370,495$287,637$648,816
74$828,466$358,388$267,012$673,397
75$881,756$344,735$244,743$699,830
76$939,497$329,429$220,745$728,310
77$1,002,115$312,360$194,928$759,056
78$1,070,072$293,408$167,200$792,310
79$1,143,883$272,448$137,464$828,340
80$1,224,109$249,348$105,619$867,445
81$1,311,370$223,967$71,559$909,954
82$1,406,347$196,159$35,174$956,234
83$1,509,790$165,767$0$1,006,690
84$1,622,524$132,625$0$1,062,199
85$1,745,458$96,559$0$1,127,265
86$1,879,589$57,386$0$1,198,320
87$2,026,020$14,910$0$1,275,990
88$2,185,959$0$0$1,360,967
89$2,360,741$0$0$1,464,957
90$2,551,833$0$0$1,584,425
91$2,760,850$0$0$1,715,135
92$2,989,572$0$0$1,858,204
93$3,239,958$0$0$2,014,862
94$3,514,165$0$0$2,186,464
95$3,814,569$0$0$2,374,500
96$4,143,785$0$0$2,580,614
97$4,504,696$0$0$2,806,615
98$4,900,474$0$0$3,054,496
99$5,334,615$0$0$3,326,451
100$5,810,969$0$0$3,624,898