Can I retire at age 63 with 408,000?

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 $408,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$33,692$33,392$33,099$32,814$32,534$32,195
2 years$16,679$16,369$16,068$15,776$15,493$15,150
3 years$11,009$10,697$10,397$10,108$9,829$9,495
4 years$8,175$7,864$7,566$7,282$7,010$6,687
5 years$6,474$6,165$5,872$5,593$5,329$5,018
6 years$5,341$5,034$4,745$4,473$4,217$3,917
7 years$4,532$4,228$3,943$3,677$3,429$3,142
8 years$3,925$3,624$3,344$3,085$2,845$2,570
9 years$3,454$3,155$2,880$2,628$2,396$2,133
10 years$3,077$2,781$2,511$2,265$2,041$1,791
11 years$2,769$2,476$2,211$1,971$1,756$1,517
12 years$2,512$2,222$1,962$1,729$1,521$1,294
13 years$2,295$2,008$1,753$1,527$1,327$1,111
14 years$2,109$1,826$1,575$1,355$1,163$958
15 years$1,948$1,668$1,422$1,209$1,024$829
16 years$1,808$1,530$1,289$1,082$905$721
17 years$1,684$1,409$1,173$972$802$628
18 years$1,573$1,302$1,071$876$713$549
19 years$1,475$1,207$980$792$636$481
20 years$1,387$1,121$900$717$568$422
21 years$1,307$1,045$828$651$508$370
22 years$1,234$975$763$592$456$326
23 years$1,168$912$704$539$409$287
24 years$1,108$854$651$491$368$253
25 years$1,052$802$603$449$331$224
26 years$1,001$754$560$410$298$197
27 years$953$709$520$376$269$175
28 years$909$668$483$344$242$154
29 years$869$630$449$316$219$137
30 years$831$595$419$290$198$121
31 years$795$563$390$266$179$107
32 years$762$533$364$244$162$95
33 years$731$504$340$225$146$84
34 years$701$478$318$207$133$75
35 years$674$453$297$190$120$66
36 years$648$430$278$175$109$59
37 years$624$409$260$162$99$52
38 years$600$388$244$149$89$46
39 years$579$369$228$137$81$41
40 years$558$351$214$127$74$37
41 years$538$335$201$117$67$32
42 years$519$319$188$108$61$29
43 years$502$304$177$100$55$26
44 years$485$289$166$92$50$23
45 years$469$276$156$85$45$20
46 years$453$263$146$78$41$18
47 years$439$251$137$72$37$16
48 years$425$240$129$67$34$14
49 years$411$229$121$62$31$13
50 years$398$219$114$57$28$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $408,000, adding $6,226 every year, while hoping to spend $20,327 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: 50/30/20 Blend
62$408,000$408,000$408,000$408,000
63$456,038$434,414$428,090$476,008
64$480,926$434,073$420,803$490,139
65$507,672$433,033$412,591$502,900
66$536,442$431,240$403,401$516,340
67$567,423$428,634$393,179$530,530
68$600,816$425,153$381,866$545,549
69$636,843$420,730$369,403$561,488
70$675,750$415,294$355,726$578,446
71$717,805$408,772$340,771$596,534
72$763,303$401,084$324,469$615,875
73$812,568$392,145$306,747$636,608
74$865,958$381,868$287,531$658,885
75$923,865$370,159$266,743$682,877
76$986,720$356,917$244,299$708,773
77$1,054,998$342,039$220,116$736,785
78$1,129,220$325,411$194,102$767,145
79$1,209,962$306,918$166,166$800,116
80$1,297,854$286,433$136,209$835,984
81$1,393,592$263,825$104,129$875,071
82$1,497,941$238,955$69,820$917,733
83$1,611,744$211,677$33,171$964,365
84$1,735,926$181,833$0$1,015,403
85$1,871,508$149,260$0$1,072,602
86$2,019,612$113,785$0$1,142,868
87$2,181,476$75,223$0$1,219,738
88$2,358,459$33,382$0$1,303,902
89$2,552,060$0$0$1,396,119
90$2,763,929$0$0$1,501,175
91$2,995,883$0$0$1,628,297
92$3,249,923$0$0$1,767,566
93$3,528,250$0$0$1,920,195
94$3,833,293$0$0$2,087,522
95$4,167,723$0$0$2,271,017
96$4,534,482$0$0$2,472,301
97$4,936,813$0$0$2,693,160
98$5,378,286$0$0$2,935,561
99$5,862,834$0$0$3,201,669
100$6,394,788$0$0$3,493,870