Can I retire at age 63 with 403,000?

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 $403,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$33,279$32,983$32,694$32,411$32,136$31,564
2 years$16,475$16,168$15,871$15,582$15,303$14,729
3 years$10,874$10,566$10,269$9,984$9,709$9,151
4 years$8,074$7,767$7,474$7,193$6,924$6,386
5 years$6,395$6,090$5,800$5,525$5,264$4,747
6 years$5,276$4,973$4,687$4,418$4,165$3,670
7 years$4,476$4,176$3,895$3,632$3,387$2,914
8 years$3,877$3,580$3,303$3,047$2,810$2,359
9 years$3,412$3,117$2,845$2,595$2,366$1,937
10 years$3,039$2,747$2,480$2,237$2,016$1,609
11 years$2,735$2,446$2,184$1,947$1,734$1,347
12 years$2,481$2,195$1,938$1,708$1,503$1,136
13 years$2,267$1,984$1,731$1,508$1,310$964
14 years$2,083$1,803$1,556$1,338$1,149$821
15 years$1,924$1,647$1,405$1,194$1,011$703
16 years$1,785$1,511$1,273$1,069$894$603
17 years$1,663$1,392$1,159$960$793$519
18 years$1,554$1,286$1,058$865$705$447
19 years$1,457$1,192$968$782$628$387
20 years$1,370$1,108$889$708$561$335
21 years$1,291$1,032$817$643$502$290
22 years$1,219$963$753$584$450$252
23 years$1,154$901$696$532$404$219
24 years$1,094$844$643$485$363$190
25 years$1,039$792$596$443$327$166
26 years$988$744$553$405$294$144
27 years$942$701$513$371$265$126
28 years$898$660$477$340$239$110
29 years$858$623$444$312$216$96
30 years$820$588$414$286$195$83
31 years$785$556$386$263$177$73
32 years$752$526$360$241$160$64
33 years$722$498$336$222$145$56
34 years$693$472$314$204$131$48
35 years$666$448$293$188$119$42
36 years$640$425$274$173$107$37
37 years$616$404$257$160$97$32
38 years$593$384$241$147$88$28
39 years$571$365$225$136$80$25
40 years$551$347$211$125$73$22
41 years$532$330$198$115$66$19
42 years$513$315$186$107$60$17
43 years$496$300$174$98$54$14
44 years$479$286$164$91$49$13
45 years$463$273$154$84$45$11
46 years$448$260$144$77$41$10
47 years$433$248$136$72$37$8
48 years$419$237$127$66$33$7
49 years$406$226$120$61$30$6
50 years$393$216$113$56$28$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $403,000, adding $6,106 every year, while hoping to spend $25,490 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: 59/11/30 Blend
62$403,000$403,000$403,000$403,000
63$450,404$429,045$422,799$472,964
64$469,224$422,947$409,841$483,006
65$489,110$415,696$395,596$490,747
66$510,142$407,209$379,991$498,671
67$532,411$397,396$362,955$506,804
68$556,014$386,165$344,411$515,175
69$581,057$373,417$324,278$523,817
70$607,656$359,046$302,474$532,769
71$635,940$342,943$278,909$542,072
72$666,048$324,988$253,494$551,776
73$698,131$305,059$226,133$561,935
74$732,357$283,024$196,725$572,614
75$768,910$258,744$165,168$583,881
76$807,989$232,073$131,352$595,819
77$849,815$202,856$95,163$608,515
78$894,629$170,928$56,483$622,072
79$942,695$136,118$15,189$636,603
80$994,303$98,241$0$652,236
81$1,049,772$57,104$0$678,358
82$1,109,451$12,505$0$711,674
83$1,173,725$0$0$747,543
84$1,243,014$0$0$790,541
85$1,317,782$0$0$838,598
86$1,398,539$0$0$890,531
87$1,485,842$0$0$946,703
88$1,580,306$0$0$1,007,512
89$1,682,608$0$0$1,073,397
90$1,793,489$0$0$1,144,841
91$1,913,767$0$0$1,222,374
92$2,044,339$0$0$1,306,579
93$2,186,194$0$0$1,398,098
94$2,340,418$0$0$1,497,637
95$2,508,207$0$0$1,605,972
96$2,690,875$0$0$1,723,957
97$2,889,871$0$0$1,852,534
98$3,106,788$0$0$1,992,737
99$3,343,377$0$0$2,145,705
100$3,601,569$0$0$2,312,692