Can I retire at age 63 with 423,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $423,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$34,931$34,620$34,316$34,020$33,731$33,504
2 years$17,293$16,970$16,658$16,356$16,062$15,834
3 years$11,414$11,090$10,779$10,479$10,191$9,967
4 years$8,475$8,153$7,844$7,550$7,268$7,051
5 years$6,712$6,392$6,088$5,799$5,525$5,316
6 years$5,537$5,219$4,920$4,637$4,372$4,170
7 years$4,699$4,383$4,088$3,813$3,555$3,362
8 years$4,070$3,757$3,467$3,198$2,950$2,764
9 years$3,581$3,271$2,986$2,724$2,484$2,306
10 years$3,190$2,884$2,604$2,348$2,116$1,946
11 years$2,871$2,567$2,292$2,044$1,820$1,658
12 years$2,604$2,304$2,034$1,793$1,577$1,422
13 years$2,379$2,082$1,817$1,583$1,375$1,228
14 years$2,187$1,893$1,633$1,405$1,206$1,065
15 years$2,020$1,729$1,474$1,253$1,062$928
16 years$1,874$1,586$1,337$1,122$938$811
17 years$1,745$1,461$1,216$1,008$832$712
18 years$1,631$1,350$1,110$908$740$626
19 years$1,529$1,251$1,016$821$659$552
20 years$1,438$1,163$933$743$589$487
21 years$1,355$1,083$858$675$527$431
22 years$1,280$1,011$791$613$472$382
23 years$1,211$945$730$559$424$338
24 years$1,148$886$675$510$381$301
25 years$1,091$831$625$465$343$267
26 years$1,037$781$580$425$309$238
27 years$988$735$539$389$279$212
28 years$943$693$501$357$251$189
29 years$900$654$466$327$227$168
30 years$861$617$434$300$205$150
31 years$824$584$405$276$185$134
32 years$790$552$378$253$168$120
33 years$758$523$353$233$152$107
34 years$727$496$329$214$137$95
35 years$699$470$308$197$124$85
36 years$672$446$288$182$113$76
37 years$646$424$270$168$102$68
38 years$622$403$253$154$93$61
39 years$600$383$237$142$84$55
40 years$578$364$222$131$76$49
41 years$558$347$208$121$69$44
42 years$539$330$195$112$63$39
43 years$520$315$183$103$57$35
44 years$503$300$172$95$52$31
45 years$486$286$161$88$47$28
46 years$470$273$152$81$43$25
47 years$455$260$142$75$39$22
48 years$440$249$134$69$35$20
49 years$426$237$126$64$32$18
50 years$413$227$118$59$29$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $423,000, adding $4,808 every year, while hoping to spend $23,187 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: 26/46/28 Blend
62$423,000$423,000$423,000$423,000
63$471,105$448,686$442,130$479,144
64$494,487$446,001$432,271$483,426
65$519,477$442,407$421,304$485,724
66$546,214$437,836$409,168$487,714
67$574,852$432,213$395,799$489,385
68$605,557$425,463$381,128$490,730
69$638,515$417,501$365,087$491,741
70$673,927$408,242$347,601$492,412
71$712,015$397,593$328,593$492,741
72$753,023$385,457$307,983$492,726
73$797,217$371,731$285,686$492,371
74$844,891$356,304$261,615$491,681
75$896,369$339,062$235,678$490,667
76$952,004$319,881$207,779$489,343
77$1,012,187$298,634$177,818$487,729
78$1,077,345$275,182$145,690$485,853
79$1,147,950$249,381$111,286$483,747
80$1,224,519$221,079$74,492$481,453
81$1,307,621$190,113$35,189$479,023
82$1,397,884$156,314$0$476,516
83$1,495,994$119,500$0$476,025
84$1,602,712$79,481$0$486,968
85$1,718,869$36,057$0$498,961
86$1,845,384$0$0$512,166
87$1,983,266$0$0$532,324
88$2,133,626$0$0$574,273
89$2,297,687$0$0$620,113
90$2,476,795$0$0$670,227
91$2,672,431$0$0$725,039
92$2,886,226$0$0$785,014
93$3,119,977$0$0$850,667
94$3,375,660$0$0$922,563
95$3,655,452$0$0$1,001,323
96$3,961,750$0$0$1,087,633
97$4,297,195$0$0$1,182,249
98$4,664,691$0$0$1,286,001
99$5,067,442$0$0$1,399,806
100$5,508,973$0$0$1,524,671