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%16.8%
1 years$34,848$34,538$34,235$33,940$33,651$32,718
2 years$17,252$16,930$16,619$16,317$16,024$15,091
3 years$11,387$11,064$10,754$10,455$10,166$9,263
4 years$8,455$8,133$7,826$7,532$7,251$6,383
5 years$6,696$6,377$6,073$5,785$5,512$4,683
6 years$5,524$5,207$4,908$4,626$4,361$3,572
7 years$4,688$4,373$4,079$3,804$3,547$2,797
8 years$4,060$3,748$3,459$3,191$2,943$2,231
9 years$3,572$3,264$2,979$2,718$2,478$1,805
10 years$3,183$2,877$2,597$2,343$2,111$1,475
11 years$2,864$2,561$2,287$2,039$1,816$1,216
12 years$2,598$2,299$2,029$1,788$1,574$1,009
13 years$2,374$2,077$1,813$1,579$1,372$842
14 years$2,182$1,888$1,629$1,402$1,203$705
15 years$2,015$1,725$1,471$1,250$1,059$593
16 years$1,870$1,583$1,334$1,119$936$500
17 years$1,741$1,457$1,213$1,006$830$422
18 years$1,627$1,347$1,108$906$738$358
19 years$1,526$1,248$1,014$819$658$303
20 years$1,434$1,160$931$742$588$258
21 years$1,352$1,080$856$673$526$219
22 years$1,277$1,008$789$612$471$187
23 years$1,208$943$728$557$423$159
24 years$1,146$884$674$508$380$136
25 years$1,088$829$624$464$342$116
26 years$1,035$779$579$424$308$99
27 years$986$734$537$389$278$84
28 years$941$691$500$356$251$72
29 years$898$652$465$326$226$62
30 years$859$616$433$300$205$53
31 years$822$582$404$275$185$45
32 years$788$551$377$253$167$38
33 years$756$522$352$233$151$33
34 years$725$494$329$214$137$28
35 years$697$469$307$197$124$24
36 years$670$445$287$181$112$21
37 years$645$423$269$167$102$18
38 years$621$402$252$154$92$15
39 years$598$382$236$142$84$13
40 years$577$363$221$131$76$11
41 years$557$346$207$121$69$9
42 years$537$329$195$112$63$8
43 years$519$314$183$103$57$7
44 years$501$299$171$95$52$6
45 years$485$285$161$88$47$5
46 years$469$272$151$81$42$4
47 years$454$260$142$75$39$4
48 years$439$248$133$69$35$3
49 years$425$237$125$64$32$3
50 years$412$226$118$59$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $422,000, adding $6,499 every year, while hoping to spend $23,731 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: 88/5/7 Blend
62$422,000$422,000$422,000$422,000
63$471,748$449,382$442,841$512,456
64$494,616$446,152$432,426$536,731
65$519,022$441,968$420,868$559,419
66$545,097$436,759$408,101$583,586
67$572,985$430,449$394,061$609,364
68$602,845$422,956$378,678$636,898
69$634,851$414,196$361,878$666,345
70$669,192$404,078$343,587$697,882
71$706,077$392,506$323,726$731,699
72$745,737$379,379$302,211$768,008
73$788,423$364,589$278,955$807,041
74$834,412$348,023$253,870$849,055
75$884,006$329,561$226,859$894,330
76$937,541$309,076$197,825$943,176
77$995,382$286,432$166,664$995,935
78$1,057,933$261,489$133,269$1,052,983
79$1,125,636$234,096$97,527$1,114,732
80$1,198,978$204,094$59,321$1,181,638
81$1,278,494$171,315$18,529$1,254,204
82$1,364,774$135,583$0$1,332,980
83$1,458,464$96,710$0$1,420,444
84$1,560,277$54,499$0$1,516,996
85$1,670,996$8,740$0$1,622,000
86$1,791,483$0$0$1,736,279
87$1,922,686$0$0$1,862,986
88$2,065,649$0$0$2,001,576
89$2,221,519$0$0$2,152,682
90$2,391,561$0$0$2,317,530
91$2,577,166$0$0$2,497,468
92$2,779,865$0$0$2,693,982
93$3,001,344$0$0$2,908,706
94$3,243,459$0$0$3,143,441
95$3,508,252$0$0$3,400,166
96$3,797,975$0$0$3,681,064
97$4,115,103$0$0$3,988,538
98$4,462,366$0$0$4,325,232
99$4,842,765$0$0$4,694,059
100$5,259,611$0$0$5,098,228