Can I retire at age 63 with 438,000?

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 $438,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$36,170$35,847$35,533$35,226$34,927$34,476
2 years$17,906$17,572$17,249$16,936$16,632$16,178
3 years$11,819$11,484$11,161$10,851$10,552$10,110
4 years$8,776$8,442$8,123$7,817$7,526$7,098
5 years$6,950$6,618$6,303$6,005$5,721$5,310
6 years$5,734$5,404$5,094$4,802$4,527$4,132
7 years$4,865$4,539$4,233$3,948$3,681$3,303
8 years$4,214$3,890$3,590$3,312$3,054$2,693
9 years$3,708$3,387$3,092$2,821$2,572$2,227
10 years$3,303$2,986$2,696$2,432$2,191$1,863
11 years$2,972$2,658$2,373$2,116$1,885$1,572
12 years$2,697$2,386$2,106$1,856$1,633$1,336
13 years$2,464$2,156$1,882$1,639$1,424$1,142
14 years$2,264$1,960$1,691$1,455$1,248$981
15 years$2,092$1,790$1,527$1,297$1,099$846
16 years$1,941$1,643$1,384$1,162$972$732
17 years$1,807$1,513$1,259$1,044$861$635
18 years$1,689$1,398$1,150$941$766$553
19 years$1,584$1,295$1,053$850$683$482
20 years$1,489$1,204$966$770$610$421
21 years$1,403$1,121$888$699$546$368
22 years$1,325$1,047$819$635$489$323
23 years$1,254$979$756$578$439$283
24 years$1,189$917$699$528$395$248
25 years$1,129$861$648$482$355$218
26 years$1,074$809$601$441$320$192
27 years$1,023$761$558$403$288$169
28 years$976$717$519$369$260$149
29 years$932$677$483$339$235$131
30 years$892$639$449$311$212$115
31 years$853$604$419$286$192$102
32 years$818$572$391$262$174$90
33 years$784$541$365$241$157$79
34 years$753$513$341$222$142$70
35 years$723$487$319$204$129$62
36 years$696$462$298$188$117$54
37 years$669$439$279$173$106$48
38 years$645$417$261$160$96$42
39 years$621$397$245$147$87$37
40 years$599$377$230$136$79$33
41 years$578$359$215$125$72$29
42 years$558$342$202$116$65$26
43 years$539$326$190$107$59$23
44 years$520$311$178$99$54$20
45 years$503$296$167$91$49$18
46 years$487$283$157$84$44$16
47 years$471$270$147$78$40$14
48 years$456$257$138$72$36$12
49 years$441$246$130$66$33$11
50 years$428$235$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 $438,000, adding $2,917 every year, while hoping to spend $24,371 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: 58/24/18 Blend
62$438,000$438,000$438,000$438,000
63$485,685$462,471$455,682$511,401
64$509,294$459,201$445,017$525,911
65$534,495$454,955$433,177$538,809
66$561,423$449,658$420,099$552,319
67$590,230$443,232$405,713$566,504
68$621,078$435,595$389,949$581,434
69$654,147$426,659$372,732$597,190
70$689,636$416,331$353,985$613,859
71$727,761$404,514$333,626$631,540
72$768,760$391,102$311,569$650,343
73$812,894$375,987$287,727$670,392
74$860,450$359,051$262,007$691,822
75$911,743$340,171$234,311$714,787
76$967,119$319,217$204,538$739,455
77$1,026,958$296,052$172,583$766,016
78$1,091,678$270,529$138,335$794,680
79$1,161,739$242,494$101,679$825,680
80$1,237,645$211,785$62,494$859,275
81$1,319,952$178,230$20,655$895,754
82$1,409,270$141,646$0$935,438
83$1,506,271$101,843$0$983,290
84$1,611,695$58,617$0$1,039,629
85$1,726,352$11,753$0$1,100,949
86$1,851,138$0$0$1,167,765
87$1,987,036$0$0$1,250,939
88$2,135,128$0$0$1,344,992
89$2,296,607$0$0$1,447,583
90$2,472,783$0$0$1,559,547
91$2,665,099$0$0$1,681,808
92$2,875,145$0$0$1,815,380
93$3,104,669$0$0$1,961,380
94$3,355,596$0$0$2,121,038
95$3,630,047$0$0$2,295,708
96$3,930,355$0$0$2,486,883
97$4,259,091$0$0$2,696,203
98$4,619,086$0$0$2,925,476
99$5,013,455$0$0$3,176,695
100$5,445,631$0$0$3,452,052