Can I retire at age 63 with 442,000?

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 $442,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$36,500$36,175$35,858$35,548$35,246$34,159
2 years$18,069$17,733$17,407$17,090$16,784$15,698
3 years$11,927$11,589$11,263$10,950$10,648$9,598
4 years$8,856$8,519$8,197$7,889$7,594$6,587
5 years$7,014$6,679$6,361$6,059$5,773$4,812
6 years$5,786$5,454$5,141$4,846$4,568$3,654
7 years$4,910$4,580$4,272$3,984$3,715$2,848
8 years$4,253$3,926$3,623$3,342$3,082$2,262
9 years$3,742$3,418$3,120$2,847$2,596$1,821
10 years$3,333$3,013$2,720$2,454$2,212$1,481
11 years$2,999$2,682$2,395$2,136$1,902$1,215
12 years$2,721$2,408$2,126$1,873$1,648$1,003
13 years$2,486$2,176$1,899$1,654$1,437$832
14 years$2,285$1,978$1,706$1,468$1,260$693
15 years$2,111$1,807$1,541$1,309$1,109$579
16 years$1,958$1,658$1,397$1,172$980$486
17 years$1,824$1,527$1,271$1,053$869$408
18 years$1,705$1,411$1,160$949$773$343
19 years$1,598$1,307$1,062$858$689$290
20 years$1,502$1,215$975$777$615$244
21 years$1,416$1,132$897$705$551$207
22 years$1,337$1,056$826$641$494$175
23 years$1,265$988$763$584$443$148
24 years$1,200$926$706$532$398$125
25 years$1,140$869$654$486$358$106
26 years$1,084$816$606$445$323$90
27 years$1,033$768$563$407$291$76
28 years$985$724$523$373$263$65
29 years$941$683$487$342$237$55
30 years$900$645$454$314$214$47
31 years$861$610$423$288$194$40
32 years$825$577$395$265$175$34
33 years$792$546$368$244$159$29
34 years$760$518$344$224$144$24
35 years$730$491$322$206$130$21
36 years$702$466$301$190$118$18
37 years$675$443$282$175$107$15
38 years$650$421$264$161$97$13
39 years$627$400$247$149$88$11
40 years$604$381$232$137$80$9
41 years$583$362$217$127$72$8
42 years$563$345$204$117$66$7
43 years$543$329$191$108$59$6
44 years$525$313$180$100$54$5
45 years$508$299$169$92$49$4
46 years$491$285$158$85$45$3
47 years$475$272$149$78$40$3
48 years$460$260$140$73$37$3
49 years$445$248$131$67$33$2
50 years$432$237$124$62$30$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $442,000, adding $3,747 every year, while hoping to spend $20,065 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: 42/43/15 Blend
62$442,000$442,000$442,000$442,000
63$490,949$467,523$460,672$509,266
64$519,677$469,083$454,756$524,087
65$550,662$470,046$447,968$537,857
66$584,115$470,363$440,260$552,336
67$620,264$469,980$431,578$567,598
68$659,362$468,841$421,867$583,725
69$701,687$466,884$411,070$600,811
70$747,543$464,046$399,125$618,957
71$797,267$460,259$385,970$638,280
72$851,228$455,450$371,539$658,906
73$909,830$449,544$355,763$680,979
74$973,521$442,460$338,569$704,658
75$1,042,791$434,112$319,883$730,120
76$1,118,181$424,409$299,624$757,561
77$1,200,285$413,254$277,711$787,201
78$1,289,757$400,547$254,057$819,283
79$1,387,317$386,178$228,573$854,077
80$1,493,758$370,035$201,164$891,885
81$1,609,950$351,996$171,733$933,041
82$1,736,856$331,934$140,176$977,915
83$1,875,530$309,714$106,387$1,026,918
84$2,027,136$285,193$70,253$1,080,509
85$2,192,956$258,219$31,659$1,139,193
86$2,374,400$228,634$0$1,203,533
87$2,573,021$196,269$0$1,275,677
88$2,790,528$160,945$0$1,360,297
89$3,028,806$122,475$0$1,453,107
90$3,289,927$80,660$0$1,554,977
91$3,576,177$35,290$0$1,666,870
92$3,890,071$0$0$1,789,850
93$4,234,379$0$0$1,931,650
94$4,612,154$0$0$2,105,612
95$5,026,756$0$0$2,296,590
96$5,481,889$0$0$2,506,299
97$5,981,632$0$0$2,736,626
98$6,530,476$0$0$2,989,648
99$7,133,373$0$0$3,267,655
100$7,795,773$0$0$3,573,171