Can I retire at age 63 with 441,000?

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 $441,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$36,417$36,093$35,776$35,468$35,166$34,274
2 years$18,028$17,693$17,367$17,052$16,746$15,853
3 years$11,900$11,562$11,238$10,925$10,624$9,758
4 years$8,836$8,500$8,178$7,871$7,577$6,745
5 years$6,998$6,664$6,347$6,046$5,760$4,964
6 years$5,773$5,441$5,129$4,835$4,558$3,799
7 years$4,899$4,570$4,262$3,975$3,707$2,984
8 years$4,243$3,917$3,615$3,334$3,075$2,389
9 years$3,733$3,411$3,113$2,840$2,590$1,940
10 years$3,326$3,006$2,714$2,448$2,207$1,592
11 years$2,993$2,676$2,390$2,131$1,898$1,317
12 years$2,715$2,402$2,121$1,869$1,644$1,097
13 years$2,481$2,171$1,895$1,650$1,434$919
14 years$2,280$1,973$1,702$1,465$1,257$773
15 years$2,106$1,803$1,537$1,306$1,107$653
16 years$1,954$1,654$1,394$1,170$978$553
17 years$1,820$1,523$1,268$1,051$867$469
18 years$1,701$1,407$1,158$947$771$399
19 years$1,594$1,304$1,060$856$687$340
20 years$1,499$1,212$973$775$614$290
21 years$1,412$1,129$895$703$549$248
22 years$1,334$1,054$824$640$493$212
23 years$1,263$986$761$582$442$181
24 years$1,197$924$704$531$397$155
25 years$1,137$867$652$485$358$133
26 years$1,082$815$605$444$322$114
27 years$1,030$767$562$406$290$98
28 years$983$722$522$372$262$84
29 years$939$681$486$341$237$72
30 years$898$644$453$313$214$62
31 years$859$608$422$288$193$53
32 years$823$576$394$264$175$46
33 years$790$545$368$243$158$39
34 years$758$517$343$224$143$34
35 years$728$490$321$206$130$29
36 years$700$465$300$190$118$25
37 years$674$442$281$175$107$22
38 years$649$420$263$161$97$19
39 years$625$399$247$148$88$16
40 years$603$380$231$137$79$14
41 years$582$362$217$126$72$12
42 years$561$344$203$117$65$10
43 years$542$328$191$108$59$9
44 years$524$313$179$99$54$8
45 years$507$298$168$92$49$6
46 years$490$284$158$85$44$6
47 years$474$271$148$78$40$5
48 years$459$259$139$72$37$4
49 years$444$247$131$67$33$4
50 years$431$236$123$62$30$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $441,000, adding $5,743 every year, while hoping to spend $33,412 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: 31/40/29 Blend
62$441,000$441,000$441,000$441,000
63$491,906$468,533$461,697$502,658
64$506,530$455,941$441,614$498,878
65$521,526$441,612$419,738$491,501
66$536,897$425,426$395,974$482,908
67$552,644$407,255$370,223$473,017
68$568,768$386,965$342,380$461,742
69$585,269$364,413$312,336$448,989
70$602,146$339,449$279,979$434,661
71$619,395$311,912$245,188$418,654
72$637,012$281,634$207,841$400,859
73$654,991$248,438$167,807$381,161
74$673,323$212,135$124,952$359,436
75$691,998$172,526$79,134$335,557
76$711,003$129,401$30,206$309,386
77$730,322$82,538$0$280,778
78$749,935$31,702$0$256,391
79$769,820$0$0$239,670
80$789,951$0$0$231,419
81$810,295$0$0$237,158
82$830,817$0$0$242,920
83$851,475$0$0$248,689
84$872,222$0$0$254,447
85$893,003$0$0$260,175
86$913,755$0$0$265,851
87$934,409$0$0$271,448
88$954,884$0$0$276,938
89$975,091$0$0$282,289
90$994,926$0$0$287,464
91$1,014,277$0$0$292,424
92$1,033,015$0$0$297,121
93$1,050,995$0$0$301,507
94$1,068,056$0$0$305,523
95$1,084,019$0$0$309,107
96$1,098,680$0$0$312,187
97$1,111,816$0$0$314,685
98$1,123,176$0$0$316,514
99$1,132,479$0$0$317,576
100$1,139,416$0$0$317,763