Can I retire at age 63 with 448,000?

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 $448,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$36,995$36,666$36,344$36,031$35,724$35,017
2 years$18,315$17,973$17,643$17,322$17,011$16,302
3 years$12,088$11,746$11,416$11,099$10,793$10,103
4 years$8,976$8,634$8,308$7,996$7,698$7,033
5 years$7,109$6,770$6,447$6,142$5,852$5,214
6 years$5,865$5,528$5,210$4,912$4,630$4,021
7 years$4,976$4,642$4,330$4,038$3,766$3,184
8 years$4,310$3,979$3,672$3,387$3,124$2,570
9 years$3,793$3,465$3,163$2,885$2,631$2,104
10 years$3,379$3,054$2,757$2,487$2,242$1,742
11 years$3,040$2,719$2,428$2,165$1,928$1,454
12 years$2,758$2,440$2,154$1,899$1,671$1,222
13 years$2,520$2,205$1,925$1,676$1,457$1,033
14 years$2,316$2,004$1,729$1,488$1,277$878
15 years$2,139$1,831$1,561$1,327$1,124$748
16 years$1,985$1,680$1,416$1,188$994$640
17 years$1,849$1,547$1,288$1,068$881$549
18 years$1,728$1,430$1,176$962$783$471
19 years$1,620$1,325$1,077$869$698$406
20 years$1,523$1,231$988$787$624$350
21 years$1,435$1,147$909$715$558$302
22 years$1,355$1,071$838$650$500$261
23 years$1,283$1,001$773$592$449$226
24 years$1,216$938$715$540$404$196
25 years$1,155$880$662$493$363$170
26 years$1,099$827$614$451$327$147
27 years$1,047$779$571$412$295$128
28 years$998$734$530$378$266$111
29 years$954$692$494$347$240$96
30 years$912$654$460$318$217$84
31 years$873$618$429$292$196$73
32 years$836$585$400$268$178$63
33 years$802$554$373$247$161$55
34 years$770$525$349$227$146$48
35 years$740$498$326$209$132$42
36 years$712$473$305$193$119$36
37 years$685$449$286$177$108$32
38 years$659$426$267$164$98$27
39 years$635$406$251$151$89$24
40 years$612$386$235$139$81$21
41 years$591$367$220$128$73$18
42 years$570$350$207$118$66$16
43 years$551$333$194$109$60$14
44 years$532$318$182$101$55$12
45 years$515$303$171$93$50$10
46 years$498$289$160$86$45$9
47 years$482$276$151$80$41$8
48 years$466$263$142$74$37$7
49 years$451$251$133$68$34$6
50 years$437$240$125$63$31$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $448,000, adding $4,159 every year, while hoping to spend $28,160 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: 33/42/25 Blend
62$448,000$448,000$448,000$448,000
63$497,986$474,242$467,298$510,509
64$518,819$467,518$452,990$513,570
65$540,832$459,520$437,260$514,047
66$564,118$450,158$420,029$513,999
67$588,774$439,332$401,216$513,398
68$614,910$426,940$380,737$512,216
69$642,643$412,872$358,504$510,426
70$672,102$397,012$334,424$507,999
71$703,430$379,239$308,401$504,909
72$736,780$359,423$280,333$501,127
73$772,323$337,425$250,115$496,629
74$810,243$313,102$217,637$491,390
75$850,744$286,301$182,784$485,386
76$894,049$256,858$145,436$478,595
77$940,401$224,604$105,468$471,000
78$990,069$189,356$62,748$462,584
79$1,043,346$150,925$17,140$453,334
80$1,100,555$109,107$0$443,241
81$1,162,048$63,690$0$440,714
82$1,228,215$14,449$0$442,768
83$1,299,481$0$0$444,878
84$1,376,316$0$0$465,059
85$1,459,232$0$0$494,095
86$1,548,796$0$0$525,514
87$1,645,627$0$0$559,540
88$1,750,410$0$0$596,419
89$1,863,893$0$0$636,424
90$1,986,903$0$0$679,854
91$2,120,346$0$0$727,037
92$2,265,219$0$0$778,334
93$2,422,621$0$0$834,143
94$2,593,757$0$0$894,902
95$2,779,956$0$0$961,093
96$2,982,679$0$0$1,033,244
97$3,203,533$0$0$1,111,940
98$3,444,288$0$0$1,197,821
99$3,706,891$0$0$1,291,596
100$3,993,485$0$0$1,394,040