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%14.4%
1 years$35,757$35,438$35,127$34,824$34,528$33,900
2 years$17,701$17,372$17,052$16,742$16,442$15,812
3 years$11,684$11,353$11,034$10,727$10,431$9,818
4 years$8,675$8,345$8,030$7,728$7,440$6,849
5 years$6,871$6,543$6,231$5,936$5,656$5,088
6 years$5,668$5,343$5,036$4,747$4,475$3,932
7 years$4,810$4,487$4,185$3,903$3,639$3,120
8 years$4,166$3,846$3,549$3,274$3,019$2,525
9 years$3,666$3,349$3,057$2,789$2,543$2,072
10 years$3,266$2,952$2,665$2,404$2,166$1,719
11 years$2,938$2,628$2,346$2,092$1,863$1,439
12 years$2,666$2,358$2,082$1,835$1,615$1,213
13 years$2,436$2,131$1,860$1,620$1,408$1,028
14 years$2,238$1,937$1,672$1,438$1,234$875
15 years$2,068$1,770$1,509$1,283$1,087$748
16 years$1,918$1,624$1,368$1,148$960$642
17 years$1,787$1,495$1,245$1,032$852$552
18 years$1,670$1,382$1,137$930$757$476
19 years$1,565$1,281$1,041$840$675$411
20 years$1,472$1,190$955$761$603$355
21 years$1,387$1,109$878$691$539$308
22 years$1,310$1,035$810$628$484$267
23 years$1,240$968$747$572$434$232
24 years$1,175$907$691$522$390$201
25 years$1,116$851$640$476$351$175
26 years$1,062$800$594$436$316$152
27 years$1,012$753$551$399$285$133
28 years$965$709$513$365$257$116
29 years$922$669$477$335$232$101
30 years$881$632$444$307$210$88
31 years$844$597$414$282$190$77
32 years$808$565$386$259$172$67
33 years$775$535$361$239$155$58
34 years$744$507$337$220$141$51
35 years$715$481$315$202$127$44
36 years$688$457$295$186$115$39
37 years$662$434$276$171$105$34
38 years$637$412$258$158$95$30
39 years$614$392$242$146$86$26
40 years$592$373$227$134$78$23
41 years$571$355$213$124$71$20
42 years$551$338$200$114$64$17
43 years$532$322$187$106$58$15
44 years$514$307$176$98$53$13
45 years$497$293$165$90$48$11
46 years$481$279$155$83$44$10
47 years$465$267$146$77$40$9
48 years$451$254$137$71$36$8
49 years$436$243$129$66$33$7
50 years$423$232$121$61$30$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $433,000, adding $6,187 every year, while hoping to spend $28,885 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: 56/38/6 Blend
62$433,000$433,000$433,000$433,000
63$483,548$460,599$453,887$509,660
64$502,136$452,435$438,359$519,800
65$521,653$442,903$421,343$527,064
66$542,161$431,905$402,758$534,262
67$563,731$419,338$382,520$541,389
68$586,439$405,093$360,542$548,444
69$610,368$389,054$336,731$555,426
70$635,606$371,098$310,992$562,335
71$662,253$351,097$283,225$569,175
72$690,414$328,912$253,325$575,951
73$720,208$304,400$221,183$582,669
74$751,760$277,407$186,684$589,341
75$785,211$247,772$149,709$595,981
76$820,712$215,322$110,134$602,606
77$858,430$179,878$67,829$609,239
78$898,546$141,248$22,657$615,909
79$941,259$99,231$0$622,647
80$986,788$53,613$0$631,132
81$1,035,370$4,170$0$641,429
82$1,087,267$0$0$652,154
83$1,142,767$0$0$684,012
84$1,202,182$0$0$720,010
85$1,265,857$0$0$758,616
86$1,334,170$0$0$800,062
87$1,407,536$0$0$844,604
88$1,486,409$0$0$892,522
89$1,571,290$0$0$944,123
90$1,662,726$0$0$999,746
91$1,761,320$0$0$1,059,760
92$1,867,735$0$0$1,124,574
93$1,982,696$0$0$1,194,636
94$2,107,005$0$0$1,270,438
95$2,241,537$0$0$1,352,521
96$2,387,260$0$0$1,441,480
97$2,545,236$0$0$1,537,970
98$2,716,630$0$0$1,642,709
99$2,902,728$0$0$1,756,490
100$3,104,941$0$0$1,880,182