Can I retire at age 63 with 437,000?

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 $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%19.1%
1 years$36,087$35,766$35,452$35,146$34,847$33,571
2 years$17,865$17,532$17,210$16,897$16,594$15,322
3 years$11,792$11,457$11,136$10,826$10,528$9,301
4 years$8,756$8,422$8,104$7,800$7,509$6,335
5 years$6,934$6,603$6,289$5,991$5,708$4,592
6 years$5,721$5,392$5,082$4,791$4,516$3,458
7 years$4,854$4,528$4,224$3,939$3,673$2,672
8 years$4,204$3,882$3,582$3,304$3,047$2,103
9 years$3,699$3,380$3,085$2,814$2,566$1,678
10 years$3,296$2,979$2,690$2,426$2,186$1,352
11 years$2,966$2,652$2,368$2,111$1,880$1,098
12 years$2,691$2,380$2,101$1,852$1,630$897
13 years$2,458$2,151$1,878$1,635$1,421$737
14 years$2,259$1,955$1,687$1,451$1,246$607
15 years$2,087$1,786$1,523$1,294$1,097$502
16 years$1,936$1,639$1,381$1,159$969$417
17 years$1,803$1,509$1,257$1,041$859$346
18 years$1,685$1,395$1,147$938$764$288
19 years$1,580$1,293$1,050$848$681$240
20 years$1,485$1,201$964$768$608$201
21 years$1,400$1,119$886$697$544$168
22 years$1,322$1,044$817$634$488$140
23 years$1,251$977$754$577$438$117
24 years$1,186$915$698$526$394$98
25 years$1,127$859$646$481$354$82
26 years$1,072$807$599$440$319$69
27 years$1,021$760$556$402$288$58
28 years$974$716$517$369$260$48
29 years$930$675$481$338$234$41
30 years$890$638$448$310$212$34
31 years$852$603$418$285$192$29
32 years$816$570$390$262$173$24
33 years$783$540$364$241$157$20
34 years$751$512$340$222$142$17
35 years$722$486$318$204$129$14
36 years$694$461$298$188$116$12
37 years$668$438$279$173$106$10
38 years$643$416$261$160$96$8
39 years$620$396$244$147$87$7
40 years$597$376$229$136$79$6
41 years$576$358$215$125$71$5
42 years$556$341$201$116$65$4
43 years$537$325$189$107$59$3
44 years$519$310$177$98$53$3
45 years$502$296$167$91$48$2
46 years$485$282$157$84$44$2
47 years$470$269$147$78$40$2
48 years$455$257$138$72$36$1
49 years$440$245$130$66$33$1
50 years$427$234$122$61$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $437,000, adding $2,414 every year, while hoping to spend $30,910 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: 73/7/20 Blend
62$437,000$437,000$437,000$437,000
63$484,064$460,903$454,130$516,912
64$500,551$450,599$436,455$528,758
65$517,683$438,755$417,152$537,768
66$535,494$425,261$396,134$546,851
67$554,019$410,004$373,310$556,009
68$573,297$392,862$348,584$565,245
69$593,369$373,708$321,857$574,560
70$614,278$352,405$293,025$583,959
71$636,073$328,811$261,979$593,447
72$658,803$302,773$228,606$603,031
73$682,523$274,132$192,787$612,719
74$707,294$242,718$154,399$622,520
75$733,179$208,352$113,312$632,447
76$760,247$170,845$69,391$642,513
77$788,572$129,996$22,496$652,734
78$818,237$85,596$0$663,130
79$849,328$37,421$0$679,603
80$881,940$0$0$701,805
81$916,178$0$0$726,133
82$952,152$0$0$754,730
83$989,986$0$0$784,811
84$1,029,811$0$0$816,484
85$1,071,771$0$0$849,863
86$1,116,025$0$0$885,074
87$1,162,743$0$0$922,256
88$1,212,112$0$0$961,558
89$1,264,336$0$0$1,003,144
90$1,319,637$0$0$1,047,192
91$1,378,259$0$0$1,093,897
92$1,440,467$0$0$1,143,473
93$1,506,551$0$0$1,196,152
94$1,576,829$0$0$1,252,190
95$1,651,649$0$0$1,311,866
96$1,731,390$0$0$1,375,485
97$1,816,471$0$0$1,443,382
98$1,907,347$0$0$1,515,924
99$2,004,518$0$0$1,593,513
100$2,108,534$0$0$1,676,590