Can I retire at age 63 with 405,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $405,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$33,445$33,147$32,856$32,572$32,295$31,337
2 years$16,557$16,248$15,949$15,660$15,379$14,421
3 years$10,928$10,618$10,320$10,033$9,757$8,830
4 years$8,114$7,806$7,511$7,228$6,959$6,070
5 years$6,427$6,120$5,829$5,552$5,290$4,441
6 years$5,302$4,997$4,710$4,440$4,186$3,378
7 years$4,499$4,197$3,914$3,650$3,404$2,637
8 years$3,897$3,597$3,320$3,062$2,824$2,098
9 years$3,429$3,132$2,859$2,608$2,378$1,692
10 years$3,054$2,761$2,493$2,248$2,026$1,379
11 years$2,748$2,458$2,195$1,957$1,743$1,133
12 years$2,494$2,206$1,948$1,716$1,510$937
13 years$2,278$1,994$1,740$1,515$1,317$779
14 years$2,094$1,812$1,563$1,345$1,154$650
15 years$1,934$1,655$1,412$1,200$1,016$545
16 years$1,794$1,519$1,280$1,074$898$458
17 years$1,671$1,399$1,165$965$797$385
18 years$1,562$1,292$1,063$870$708$325
19 years$1,464$1,198$973$786$631$275
20 years$1,376$1,113$893$712$564$232
21 years$1,297$1,037$822$646$505$197
22 years$1,225$968$757$587$452$167
23 years$1,159$905$699$535$406$142
24 years$1,099$848$647$488$365$120
25 years$1,044$796$599$446$328$102
26 years$993$748$555$407$296$87
27 years$946$704$516$373$267$74
28 years$903$663$479$342$241$63
29 years$862$626$446$313$217$54
30 years$824$591$416$288$196$46
31 years$789$559$387$264$178$39
32 years$756$529$361$243$161$33
33 years$725$501$338$223$145$28
34 years$696$474$315$205$132$24
35 years$669$450$295$189$119$20
36 years$643$427$276$174$108$17
37 years$619$406$258$160$98$15
38 years$596$386$242$148$89$13
39 years$574$367$227$136$80$11
40 years$554$349$212$126$73$9
41 years$534$332$199$116$66$8
42 years$516$316$187$107$60$7
43 years$498$301$175$99$55$6
44 years$481$287$164$91$49$5
45 years$465$274$154$84$45$4
46 years$450$261$145$78$41$4
47 years$435$249$136$72$37$3
48 years$421$238$128$66$34$3
49 years$408$227$120$61$31$2
50 years$395$217$113$57$28$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $405,000, adding $2,238 every year, while hoping to spend $32,238 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: 39/49/12 Blend
62$405,000$405,000$405,000$405,000
63$448,618$427,153$420,876$464,409
64$460,077$413,783$400,674$462,438
65$471,623$398,677$378,715$456,986
66$483,233$381,716$354,906$450,380
67$494,877$362,775$329,150$442,532
68$506,523$341,719$301,345$433,346
69$518,133$318,409$271,386$422,722
70$529,667$292,694$239,161$410,550
71$541,075$264,419$204,555$396,716
72$552,304$233,415$167,447$381,095
73$563,294$199,507$127,712$363,555
74$573,977$162,510$85,217$343,956
75$584,275$122,226$39,825$322,146
76$594,105$78,448$0$297,965
77$603,370$30,958$0$272,344
78$611,962$0$0$249,508
79$619,763$0$0$235,217
80$626,639$0$0$237,191
81$632,442$0$0$238,673
82$637,006$0$0$239,591
83$640,148$0$0$239,864
84$641,662$0$0$239,404
85$641,321$0$0$238,112
86$638,873$0$0$235,878
87$634,038$0$0$232,581
88$626,505$0$0$228,087
89$615,929$0$0$222,244
90$601,928$0$0$214,889
91$584,079$0$0$205,838
92$561,913$0$0$194,888
93$534,911$0$0$181,815
94$502,499$0$0$166,371
95$464,042$0$0$148,280
96$418,836$0$0$127,240
97$366,104$0$0$102,915
98$304,986$0$0$74,933
99$234,533$0$0$42,885
100$153,695$0$0$6,318