Can I retire at age 63 with 433,000?

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 $433,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$35,757$35,438$35,127$34,824$34,528$34,196
2 years$17,701$17,372$17,052$16,742$16,442$16,107
3 years$11,684$11,353$11,034$10,727$10,431$10,105
4 years$8,675$8,345$8,030$7,728$7,440$7,124
5 years$6,871$6,543$6,231$5,936$5,656$5,351
6 years$5,668$5,343$5,036$4,747$4,475$4,182
7 years$4,810$4,487$4,185$3,903$3,639$3,358
8 years$4,166$3,846$3,549$3,274$3,019$2,750
9 years$3,666$3,349$3,057$2,789$2,543$2,285
10 years$3,266$2,952$2,665$2,404$2,166$1,921
11 years$2,938$2,628$2,346$2,092$1,863$1,629
12 years$2,666$2,358$2,082$1,835$1,615$1,391
13 years$2,436$2,131$1,860$1,620$1,408$1,196
14 years$2,238$1,937$1,672$1,438$1,234$1,033
15 years$2,068$1,770$1,509$1,283$1,087$895
16 years$1,918$1,624$1,368$1,148$960$779
17 years$1,787$1,495$1,245$1,032$852$680
18 years$1,670$1,382$1,137$930$757$595
19 years$1,565$1,281$1,041$840$675$522
20 years$1,472$1,190$955$761$603$458
21 years$1,387$1,109$878$691$539$403
22 years$1,310$1,035$810$628$484$355
23 years$1,240$968$747$572$434$314
24 years$1,175$907$691$522$390$277
25 years$1,116$851$640$476$351$245
26 years$1,062$800$594$436$316$217
27 years$1,012$753$551$399$285$192
28 years$965$709$513$365$257$170
29 years$922$669$477$335$232$151
30 years$881$632$444$307$210$134
31 years$844$597$414$282$190$119
32 years$808$565$386$259$172$105
33 years$775$535$361$239$155$94
34 years$744$507$337$220$141$83
35 years$715$481$315$202$127$74
36 years$688$457$295$186$115$66
37 years$662$434$276$171$105$58
38 years$637$412$258$158$95$52
39 years$614$392$242$146$86$46
40 years$592$373$227$134$78$41
41 years$571$355$213$124$71$36
42 years$551$338$200$114$64$32
43 years$532$322$187$106$58$29
44 years$514$307$176$98$53$26
45 years$497$293$165$90$48$23
46 years$481$279$155$83$44$20
47 years$465$267$146$77$40$18
48 years$451$254$137$71$36$16
49 years$436$243$129$66$33$14
50 years$423$232$121$61$30$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $433,000, adding $4,817 every year, while hoping to spend $23,997 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: 55/38/7 Blend
62$433,000$433,000$433,000$433,000
63$482,135$459,186$452,474$507,614
64$505,780$456,153$442,100$522,336
65$531,033$452,168$430,573$535,281
66$558,031$447,158$417,831$548,790
67$586,928$441,046$403,806$562,920
68$617,890$433,752$388,428$577,734
69$651,099$425,191$371,625$593,304
70$686,757$415,270$353,320$609,709
71$725,083$403,895$333,433$627,040
72$766,318$390,963$311,880$645,396
73$810,729$376,367$288,574$664,889
74$858,607$359,992$263,425$685,642
75$910,271$341,719$236,336$707,797
76$966,074$321,418$207,209$731,507
77$1,026,402$298,956$175,939$756,945
78$1,091,680$274,189$142,417$784,305
79$1,162,375$246,968$106,532$813,802
80$1,238,999$217,132$68,163$845,674
81$1,322,118$184,513$27,188$880,187
82$1,412,353$148,933$0$917,638
83$1,510,387$110,203$0$959,592
84$1,616,969$68,127$0$1,007,426
85$1,732,928$22,493$0$1,059,525
86$1,859,172$0$0$1,116,352
87$1,996,701$0$0$1,189,676
88$2,146,618$0$0$1,279,894
89$2,310,132$0$0$1,378,333
90$2,488,579$0$0$1,485,802
91$2,683,426$0$0$1,603,189
92$2,896,289$0$0$1,731,473
93$3,128,948$0$0$1,871,733
94$3,383,360$0$0$2,025,154
95$3,661,684$0$0$2,193,042
96$3,966,293$0$0$2,376,837
97$4,299,802$0$0$2,578,122
98$4,665,091$0$0$2,798,642
99$5,065,331$0$0$3,040,318
100$5,504,014$0$0$3,305,266