Can I retire at age 63 with 406,000?

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 $406,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$33,527$33,228$32,937$32,653$32,375$31,389
2 years$16,598$16,288$15,989$15,698$15,417$14,432
3 years$10,955$10,645$10,346$10,058$9,781$8,828
4 years$8,134$7,825$7,529$7,246$6,976$6,062
5 years$6,443$6,135$5,843$5,566$5,303$4,431
6 years$5,315$5,010$4,722$4,451$4,196$3,367
7 years$4,510$4,207$3,924$3,659$3,413$2,626
8 years$3,906$3,606$3,328$3,070$2,831$2,086
9 years$3,437$3,140$2,866$2,615$2,384$1,680
10 years$3,062$2,768$2,499$2,254$2,031$1,368
11 years$2,755$2,464$2,200$1,962$1,747$1,122
12 years$2,500$2,211$1,952$1,721$1,514$927
13 years$2,284$1,998$1,744$1,519$1,320$770
14 years$2,099$1,817$1,567$1,348$1,157$642
15 years$1,939$1,659$1,415$1,203$1,019$537
16 years$1,799$1,523$1,283$1,077$901$450
17 years$1,675$1,402$1,167$967$799$379
18 years$1,566$1,296$1,066$872$710$319
19 years$1,468$1,201$976$788$633$269
20 years$1,380$1,116$895$714$565$227
21 years$1,300$1,039$824$648$506$192
22 years$1,228$970$759$589$453$163
23 years$1,162$907$701$536$407$138
24 years$1,102$850$648$489$366$117
25 years$1,047$798$600$447$329$99
26 years$996$750$557$408$297$84
27 years$949$706$517$374$267$72
28 years$905$665$481$342$241$61
29 years$864$627$447$314$218$52
30 years$826$592$417$288$197$44
31 years$791$560$388$265$178$37
32 years$758$530$362$243$161$32
33 years$727$502$338$224$146$27
34 years$698$476$316$206$132$23
35 years$671$451$296$189$119$19
36 years$645$428$277$175$108$17
37 years$620$407$259$161$98$14
38 years$597$387$242$148$89$12
39 years$576$368$227$137$81$10
40 years$555$350$213$126$73$9
41 years$535$333$200$116$66$7
42 years$517$317$187$107$60$6
43 years$499$302$176$99$55$5
44 years$482$288$165$91$50$5
45 years$466$275$155$84$45$4
46 years$451$262$145$78$41$3
47 years$436$250$137$72$37$3
48 years$423$239$128$67$34$2
49 years$409$228$121$62$31$2
50 years$396$218$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 $406,000, adding $3,125 every year, while hoping to spend $28,868 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: 57/26/17 Blend
62$406,000$406,000$406,000$406,000
63$450,635$429,117$422,824$474,141
64$465,885$419,429$406,274$480,768
65$481,722$408,298$388,201$484,579
66$498,177$395,624$368,525$488,078
67$515,281$381,299$347,160$491,240
68$533,067$365,210$324,018$494,039
69$551,573$347,238$299,005$496,451
70$570,836$327,256$272,024$498,447
71$590,898$305,128$242,974$499,999
72$611,805$280,715$211,749$501,079
73$633,604$253,865$178,238$501,656
74$656,348$224,420$142,325$501,700
75$680,092$192,214$103,889$501,179
76$704,897$157,068$62,805$500,060
77$730,829$118,796$18,942$498,311
78$757,957$77,201$0$495,899
79$786,360$32,075$0$497,844
80$816,118$0$0$503,053
81$847,323$0$0$512,886
82$880,071$0$0$532,847
83$914,469$0$0$553,825
84$950,631$0$0$575,891
85$988,683$0$0$599,124
86$1,028,760$0$0$623,608
87$1,071,011$0$0$649,435
88$1,115,597$0$0$676,707
89$1,162,693$0$0$705,533
90$1,212,493$0$0$736,034
91$1,265,206$0$0$768,339
92$1,321,060$0$0$802,592
93$1,380,305$0$0$838,949
94$1,443,215$0$0$877,580
95$1,510,089$0$0$918,674
96$1,581,253$0$0$962,434
97$1,657,066$0$0$1,009,085
98$1,737,919$0$0$1,058,870
99$1,824,242$0$0$1,112,060
100$1,916,505$0$0$1,168,949