Can I retire at age 63 with 404,000?

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 $404,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$33,362$33,065$32,775$32,492$32,216$31,959
2 years$16,516$16,208$15,910$15,621$15,341$15,082
3 years$10,901$10,592$10,295$10,009$9,733$9,480
4 years$8,094$7,786$7,492$7,211$6,942$6,697
5 years$6,411$6,105$5,814$5,538$5,277$5,041
6 years$5,289$4,985$4,699$4,429$4,175$3,948
7 years$4,488$4,186$3,905$3,641$3,396$3,177
8 years$3,887$3,588$3,311$3,055$2,817$2,608
9 years$3,420$3,124$2,852$2,602$2,372$2,172
10 years$3,047$2,754$2,487$2,243$2,021$1,830
11 years$2,742$2,452$2,189$1,952$1,738$1,556
12 years$2,487$2,201$1,943$1,712$1,507$1,332
13 years$2,273$1,989$1,736$1,512$1,314$1,148
14 years$2,089$1,808$1,560$1,342$1,152$994
15 years$1,929$1,651$1,408$1,197$1,014$864
16 years$1,790$1,515$1,277$1,071$896$754
17 years$1,667$1,395$1,162$963$795$660
18 years$1,558$1,289$1,060$868$706$579
19 years$1,461$1,195$971$784$630$509
20 years$1,373$1,110$891$710$562$449
21 years$1,294$1,034$820$644$503$396
22 years$1,222$965$755$586$451$350
23 years$1,157$903$697$534$405$310
24 years$1,097$846$645$487$364$274
25 years$1,042$794$597$444$328$243
26 years$991$746$554$406$295$216
27 years$944$702$514$372$266$192
28 years$900$662$478$341$240$171
29 years$860$624$445$313$217$152
30 years$822$590$415$287$196$135
31 years$787$557$386$263$177$120
32 years$754$527$361$242$160$107
33 years$724$499$337$223$145$95
34 years$695$473$315$205$131$85
35 years$667$449$294$189$119$76
36 years$642$426$275$174$108$68
37 years$617$405$258$160$98$60
38 years$595$385$241$147$88$54
39 years$573$366$226$136$80$48
40 years$552$348$212$125$73$43
41 years$533$331$199$116$66$38
42 years$514$315$186$107$60$34
43 years$497$301$175$99$54$30
44 years$480$286$164$91$49$27
45 years$464$273$154$84$45$24
46 years$449$261$145$78$41$22
47 years$434$249$136$72$37$19
48 years$420$237$128$66$34$17
49 years$407$227$120$61$30$15
50 years$394$217$113$57$28$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $404,000, adding $5,193 every year, while hoping to spend $27,236 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: 46/29/25 Blend
62$404,000$404,000$404,000$404,000
63$450,565$429,153$422,891$467,845
64$467,543$421,202$408,079$472,592
65$485,341$411,949$391,857$474,672
66$504,012$401,302$374,151$476,388
67$523,617$389,161$354,881$477,721
68$544,220$375,423$333,963$478,651
69$565,890$359,979$311,311$479,157
70$588,705$342,712$286,834$479,220
71$612,748$323,500$260,438$478,819
72$638,109$302,212$232,023$477,936
73$664,886$278,711$201,486$476,553
74$693,189$252,852$168,720$474,651
75$723,133$224,481$133,611$472,215
76$754,848$193,435$96,042$469,230
77$788,473$159,544$55,891$465,683
78$824,162$122,627$13,027$461,564
79$862,082$82,491$0$456,865
80$902,416$38,935$0$460,307
81$945,365$0$0$467,440
82$991,149$0$0$477,462
83$1,040,007$0$0$501,442
84$1,092,202$0$0$527,090
85$1,148,025$0$0$554,550
86$1,207,790$0$0$583,983
87$1,271,846$0$0$615,564
88$1,340,572$0$0$649,484
89$1,414,387$0$0$685,955
90$1,493,749$0$0$725,208
91$1,579,162$0$0$767,497
92$1,671,177$0$0$813,102
93$1,770,403$0$0$862,328
94$1,877,506$0$0$915,515
95$1,993,218$0$0$973,030
96$2,118,346$0$0$1,035,283
97$2,253,775$0$0$1,102,720
98$2,400,477$0$0$1,175,834
99$2,559,522$0$0$1,255,165
100$2,732,087$0$0$1,341,309