Can I retire at age 63 with 428,000?

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 $428,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$35,344$35,029$34,722$34,422$34,129$33,358
2 years$17,497$17,171$16,855$16,549$16,252$15,480
3 years$11,549$11,221$10,906$10,603$10,311$9,561
4 years$8,575$8,249$7,937$7,639$7,354$6,632
5 years$6,792$6,467$6,160$5,867$5,590$4,899
6 years$5,603$5,281$4,978$4,692$4,423$3,763
7 years$4,754$4,435$4,137$3,858$3,597$2,968
8 years$4,118$3,802$3,508$3,236$2,984$2,386
9 years$3,623$3,310$3,022$2,757$2,513$1,945
10 years$3,228$2,918$2,634$2,376$2,141$1,603
11 years$2,904$2,597$2,319$2,068$1,842$1,333
12 years$2,635$2,331$2,058$1,814$1,596$1,115
13 years$2,408$2,107$1,839$1,601$1,392$938
14 years$2,213$1,915$1,652$1,422$1,220$793
15 years$2,044$1,749$1,492$1,268$1,074$673
16 years$1,896$1,605$1,352$1,135$949$573
17 years$1,766$1,478$1,231$1,020$842$488
18 years$1,651$1,366$1,123$919$748$418
19 years$1,547$1,266$1,028$831$667$358
20 years$1,455$1,176$944$752$596$307
21 years$1,371$1,096$868$683$533$264
22 years$1,295$1,023$800$621$478$227
23 years$1,225$957$739$565$429$195
24 years$1,162$896$683$516$386$168
25 years$1,103$841$633$471$347$145
26 years$1,050$791$587$431$313$125
27 years$1,000$744$545$394$282$108
28 years$954$701$507$361$254$93
29 years$911$661$472$331$230$80
30 years$871$625$439$304$207$69
31 years$834$590$409$279$188$60
32 years$799$559$382$256$170$52
33 years$766$529$357$236$154$45
34 years$736$501$333$217$139$39
35 years$707$476$312$200$126$34
36 years$680$451$291$184$114$29
37 years$654$429$273$170$103$25
38 years$630$407$255$156$94$22
39 years$607$387$239$144$85$19
40 years$585$369$224$133$77$16
41 years$565$351$210$123$70$14
42 years$545$334$197$113$63$12
43 years$526$318$185$104$58$11
44 years$509$304$174$96$52$9
45 years$492$289$163$89$47$8
46 years$475$276$153$82$43$7
47 years$460$263$144$76$39$6
48 years$445$252$135$70$36$5
49 years$431$240$127$65$32$4
50 years$418$229$120$60$29$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $428,000, adding $3,154 every year, while hoping to spend $23,528 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: 62/16/22 Blend
62$428,000$428,000$428,000$428,000
63$474,909$452,225$445,591$501,437
64$498,316$449,351$435,485$516,869
65$523,323$445,547$424,252$530,823
66$550,066$440,743$411,828$545,528
67$578,698$434,865$398,150$561,060
68$609,385$427,833$383,148$577,504
69$642,310$419,564$366,751$594,953
70$677,672$409,969$348,883$613,513
71$715,691$398,954$329,468$633,300
72$756,608$386,420$308,422$654,444
73$800,688$372,261$285,660$677,089
74$848,222$356,365$261,093$701,395
75$899,530$338,616$234,628$727,538
76$954,961$318,887$206,168$755,715
77$1,014,902$297,048$175,610$786,146
78$1,079,777$272,958$142,848$819,071
79$1,150,052$246,471$107,771$854,760
80$1,226,240$217,430$70,263$893,511
81$1,308,903$185,671$30,204$935,653
82$1,398,662$151,020$0$981,551
83$1,496,198$113,292$0$1,034,557
84$1,602,262$72,295$0$1,099,931
85$1,717,677$27,822$0$1,171,105
86$1,843,353$0$0$1,248,663
87$1,980,287$0$0$1,336,829
88$2,129,579$0$0$1,438,322
89$2,292,440$0$0$1,549,068
90$2,470,199$0$0$1,669,979
91$2,664,325$0$0$1,802,053
92$2,876,429$0$0$1,946,394
93$3,108,288$0$0$2,104,214
94$3,361,859$0$0$2,276,850
95$3,639,294$0$0$2,465,772
96$3,942,966$0$0$2,672,599
97$4,275,484$0$0$2,899,115
98$4,639,725$0$0$3,147,284
99$5,038,855$0$0$3,419,269
100$5,476,362$0$0$3,717,451