Can I retire at age 63 with 412,000?

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 $412,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$34,023$33,720$33,424$33,135$32,853$31,562
2 years$16,843$16,529$16,225$15,930$15,645$14,360
3 years$11,117$10,802$10,499$10,207$9,926$8,687
4 years$8,255$7,941$7,640$7,353$7,079$5,897
5 years$6,538$6,226$5,929$5,648$5,381$4,258
6 years$5,393$5,084$4,792$4,517$4,258$3,195
7 years$4,576$4,269$3,982$3,714$3,463$2,459
8 years$3,964$3,660$3,377$3,115$2,873$1,927
9 years$3,488$3,186$2,909$2,653$2,419$1,531
10 years$3,107$2,809$2,536$2,287$2,061$1,228
11 years$2,796$2,500$2,232$1,991$1,773$993
12 years$2,537$2,244$1,981$1,746$1,536$807
13 years$2,318$2,028$1,770$1,542$1,340$660
14 years$2,130$1,843$1,590$1,368$1,174$541
15 years$1,967$1,684$1,436$1,220$1,034$446
16 years$1,825$1,545$1,302$1,093$914$368
17 years$1,700$1,423$1,185$982$810$304
18 years$1,589$1,315$1,081$885$720$252
19 years$1,490$1,219$990$799$642$209
20 years$1,400$1,132$909$724$574$173
21 years$1,320$1,055$836$657$513$144
22 years$1,246$985$770$597$460$120
23 years$1,179$921$711$544$413$100
24 years$1,118$863$658$496$371$83
25 years$1,062$810$609$453$334$69
26 years$1,010$761$565$414$301$58
27 years$963$716$525$379$271$48
28 years$918$675$488$348$245$40
29 years$877$637$454$319$221$33
30 years$839$601$423$292$200$28
31 years$803$568$394$269$181$23
32 years$769$538$368$247$163$19
33 years$738$509$343$227$148$16
34 years$708$483$321$209$134$13
35 years$681$458$300$192$121$11
36 years$654$435$281$177$110$9
37 years$630$413$263$163$100$8
38 years$606$392$246$150$90$7
39 years$584$373$230$139$82$5
40 years$563$355$216$128$74$5
41 years$543$338$203$118$67$4
42 years$525$322$190$109$61$3
43 years$507$307$178$101$55$3
44 years$490$292$167$93$50$2
45 years$473$279$157$86$46$2
46 years$458$266$148$79$41$2
47 years$443$254$139$73$38$1
48 years$429$242$130$68$34$1
49 years$415$231$122$62$31$1
50 years$402$221$115$58$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $412,000, adding $3,132 every year, while hoping to spend $27,985 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: 63/13/24 Blend
62$412,000$412,000$412,000$412,000
63$457,255$435,419$429,033$482,995
64$474,119$426,978$413,629$492,328
65$491,765$417,187$396,772$499,136
66$510,244$405,947$378,383$505,947
67$529,610$393,160$358,380$512,765
68$549,921$378,716$336,677$519,595
69$571,243$362,503$313,185$526,443
70$593,644$344,399$287,811$533,319
71$617,200$324,280$260,457$540,234
72$641,994$302,008$231,022$547,200
73$668,114$277,444$199,398$554,235
74$695,659$250,436$165,475$561,359
75$724,734$220,825$129,137$568,594
76$755,456$188,445$90,262$575,968
77$787,951$153,117$48,723$583,514
78$822,356$114,654$4,390$591,269
79$858,823$72,858$0$599,277
80$897,516$27,521$0$618,579
81$938,615$0$0$640,156
82$982,317$0$0$666,074
83$1,028,837$0$0$697,870
84$1,078,412$0$0$731,771
85$1,131,299$0$0$767,955
86$1,187,782$0$0$806,619
87$1,248,171$0$0$847,977
88$1,312,805$0$0$892,264
89$1,382,057$0$0$939,739
90$1,456,336$0$0$990,686
91$1,536,091$0$0$1,045,414
92$1,621,814$0$0$1,104,266
93$1,714,046$0$0$1,167,615
94$1,813,380$0$0$1,235,874
95$1,920,467$0$0$1,309,494
96$2,036,025$0$0$1,388,970
97$2,160,839$0$0$1,474,850
98$2,295,773$0$0$1,567,732
99$2,441,779$0$0$1,668,275
100$2,599,900$0$0$1,777,203