Can I retire at age 63 with 437,000?

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 $437,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$36,087$35,766$35,452$35,146$34,847$34,426
2 years$17,865$17,532$17,210$16,897$16,594$16,170
3 years$11,792$11,457$11,136$10,826$10,528$10,114
4 years$8,756$8,422$8,104$7,800$7,509$7,109
5 years$6,934$6,603$6,289$5,991$5,708$5,323
6 years$5,721$5,392$5,082$4,791$4,516$4,147
7 years$4,854$4,528$4,224$3,939$3,673$3,319
8 years$4,204$3,882$3,582$3,304$3,047$2,708
9 years$3,699$3,380$3,085$2,814$2,566$2,243
10 years$3,296$2,979$2,690$2,426$2,186$1,878
11 years$2,966$2,652$2,368$2,111$1,880$1,587
12 years$2,691$2,380$2,101$1,852$1,630$1,350
13 years$2,458$2,151$1,878$1,635$1,421$1,156
14 years$2,259$1,955$1,687$1,451$1,246$994
15 years$2,087$1,786$1,523$1,294$1,097$859
16 years$1,936$1,639$1,381$1,159$969$744
17 years$1,803$1,509$1,257$1,041$859$647
18 years$1,685$1,395$1,147$938$764$563
19 years$1,580$1,293$1,050$848$681$492
20 years$1,485$1,201$964$768$608$430
21 years$1,400$1,119$886$697$544$377
22 years$1,322$1,044$817$634$488$331
23 years$1,251$977$754$577$438$290
24 years$1,186$915$698$526$394$255
25 years$1,127$859$646$481$354$225
26 years$1,072$807$599$440$319$198
27 years$1,021$760$556$402$288$174
28 years$974$716$517$369$260$154
29 years$930$675$481$338$234$136
30 years$890$638$448$310$212$120
31 years$852$603$418$285$192$106
32 years$816$570$390$262$173$93
33 years$783$540$364$241$157$83
34 years$751$512$340$222$142$73
35 years$722$486$318$204$129$64
36 years$694$461$298$188$116$57
37 years$668$438$279$173$106$50
38 years$643$416$261$160$96$45
39 years$620$396$244$147$87$39
40 years$597$376$229$136$79$35
41 years$576$358$215$125$71$31
42 years$556$341$201$116$65$27
43 years$537$325$189$107$59$24
44 years$519$310$177$98$53$21
45 years$502$296$167$91$48$19
46 years$485$282$157$84$44$17
47 years$470$269$147$78$40$15
48 years$455$257$138$72$36$13
49 years$440$245$130$66$33$12
50 years$427$234$122$61$30$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $437,000, adding $4,504 every year, while hoping to spend $33,573 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: 58/28/14 Blend
62$437,000$437,000$437,000$437,000
63$486,220$463,059$456,285$512,441
64$500,093$450,027$435,850$517,655
65$514,256$435,232$413,604$519,231
66$528,703$418,551$389,452$520,160
67$543,426$399,856$363,294$520,388
68$558,416$379,009$335,025$519,851
69$573,661$355,867$304,535$518,485
70$589,147$330,277$271,710$516,219
71$604,857$302,078$236,430$512,979
72$620,772$271,099$198,569$508,682
73$636,868$237,160$157,999$503,243
74$653,118$200,071$114,581$496,569
75$669,491$159,630$68,175$488,560
76$685,952$115,624$18,631$479,110
77$702,459$67,830$0$468,105
78$718,966$16,010$0$460,535
79$735,419$0$0$454,459
80$751,759$0$0$459,323
81$767,918$0$0$468,984
82$783,818$0$0$478,459
83$799,374$0$0$487,692
84$814,488$0$0$496,620
85$829,051$0$0$505,174
86$842,942$0$0$513,273
87$856,023$0$0$520,831
88$868,142$0$0$527,748
89$879,129$0$0$533,916
90$888,793$0$0$539,211
91$896,922$0$0$543,498
92$903,281$0$0$546,624
93$907,607$0$0$548,422
94$909,609$0$0$548,703
95$908,962$0$0$547,260
96$905,305$0$0$543,861
97$898,240$0$0$538,249
98$887,323$0$0$530,142
99$872,063$0$0$519,223
100$851,914$0$0$505,142