Can I retire at age 63 with 422,000?

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 $422,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$34,848$34,538$34,235$33,940$33,651$32,877
2 years$17,252$16,930$16,619$16,317$16,024$15,249
3 years$11,387$11,064$10,754$10,455$10,166$9,414
4 years$8,455$8,133$7,826$7,532$7,251$6,527
5 years$6,696$6,377$6,073$5,785$5,512$4,819
6 years$5,524$5,207$4,908$4,626$4,361$3,699
7 years$4,688$4,373$4,079$3,804$3,547$2,916
8 years$4,060$3,748$3,459$3,191$2,943$2,343
9 years$3,572$3,264$2,979$2,718$2,478$1,909
10 years$3,183$2,877$2,597$2,343$2,111$1,572
11 years$2,864$2,561$2,287$2,039$1,816$1,306
12 years$2,598$2,299$2,029$1,788$1,574$1,092
13 years$2,374$2,077$1,813$1,579$1,372$919
14 years$2,182$1,888$1,629$1,402$1,203$776
15 years$2,015$1,725$1,471$1,250$1,059$658
16 years$1,870$1,583$1,334$1,119$936$559
17 years$1,741$1,457$1,213$1,006$830$477
18 years$1,627$1,347$1,108$906$738$407
19 years$1,526$1,248$1,014$819$658$349
20 years$1,434$1,160$931$742$588$299
21 years$1,352$1,080$856$673$526$257
22 years$1,277$1,008$789$612$471$220
23 years$1,208$943$728$557$423$190
24 years$1,146$884$674$508$380$163
25 years$1,088$829$624$464$342$141
26 years$1,035$779$579$424$308$121
27 years$986$734$537$389$278$104
28 years$941$691$500$356$251$90
29 years$898$652$465$326$226$78
30 years$859$616$433$300$205$67
31 years$822$582$404$275$185$58
32 years$788$551$377$253$167$50
33 years$756$522$352$233$151$43
34 years$725$494$329$214$137$37
35 years$697$469$307$197$124$32
36 years$670$445$287$181$112$28
37 years$645$423$269$167$102$24
38 years$621$402$252$154$92$21
39 years$598$382$236$142$84$18
40 years$577$363$221$131$76$16
41 years$557$346$207$121$69$13
42 years$537$329$195$112$63$12
43 years$519$314$183$103$57$10
44 years$501$299$171$95$52$9
45 years$485$285$161$88$47$8
46 years$469$272$151$81$42$7
47 years$454$260$142$75$39$6
48 years$439$248$133$69$35$5
49 years$425$237$125$64$32$4
50 years$412$226$118$59$29$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $422,000, adding $2,821 every year, while hoping to spend $32,806 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: 49/41/10 Blend
62$422,000$422,000$422,000$422,000
63$467,954$445,588$439,047$489,490
64$480,780$432,516$418,850$491,483
65$493,815$417,705$396,876$489,961
66$507,045$401,033$373,033$487,554
67$520,454$382,375$347,220$484,188
68$534,025$361,596$319,337$479,786
69$547,735$338,554$289,274$474,264
70$561,560$313,099$256,920$467,531
71$575,470$285,072$222,158$459,493
72$589,433$254,305$184,866$450,047
73$603,412$220,622$144,915$439,083
74$617,362$183,835$102,172$426,483
75$631,236$143,746$56,498$412,123
76$644,979$100,147$7,747$395,867
77$658,528$52,815$0$377,571
78$671,814$1,519$0$361,807
79$684,758$0$0$344,872
80$697,271$0$0$350,138
81$709,254$0$0$355,778
82$720,597$0$0$361,046
83$731,175$0$0$365,874
84$740,850$0$0$370,187
85$749,467$0$0$373,899
86$756,855$0$0$376,918
87$762,821$0$0$379,139
88$767,151$0$0$380,445
89$769,609$0$0$380,707
90$769,929$0$0$379,782
91$767,820$0$0$377,511
92$762,956$0$0$373,715
93$754,975$0$0$368,200
94$743,477$0$0$360,749
95$728,019$0$0$351,119
96$708,108$0$0$339,044
97$683,200$0$0$324,230
98$652,691$0$0$306,348
99$615,914$0$0$285,038
100$572,131$0$0$259,898