Can I retire at age 63 with 400,000?

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 $400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$33,032$32,737$32,450$32,170$31,897$31,472
2 years$16,352$16,048$15,753$15,466$15,189$14,762
3 years$10,793$10,487$10,193$9,909$9,636$9,220
4 years$8,014$7,709$7,418$7,139$6,873$6,470
5 years$6,347$6,044$5,757$5,484$5,225$4,837
6 years$5,236$4,936$4,652$4,385$4,134$3,762
7 years$4,443$4,145$3,866$3,605$3,362$3,006
8 years$3,849$3,553$3,279$3,024$2,789$2,449
9 years$3,386$3,093$2,824$2,576$2,349$2,024
10 years$3,017$2,727$2,462$2,221$2,001$1,692
11 years$2,714$2,427$2,167$1,933$1,721$1,427
12 years$2,463$2,179$1,924$1,695$1,492$1,212
13 years$2,250$1,969$1,719$1,497$1,301$1,035
14 years$2,068$1,790$1,544$1,329$1,140$889
15 years$1,910$1,635$1,394$1,185$1,004$766
16 years$1,772$1,500$1,264$1,061$887$663
17 years$1,651$1,381$1,150$953$787$575
18 years$1,543$1,277$1,050$859$699$500
19 years$1,446$1,183$961$776$623$435
20 years$1,359$1,099$882$703$557$380
21 years$1,281$1,024$811$638$498$332
22 years$1,210$956$748$580$447$291
23 years$1,145$894$690$528$401$255
24 years$1,086$838$639$482$360$223
25 years$1,031$786$591$440$324$196
26 years$981$739$549$402$292$172
27 years$935$695$509$368$263$151
28 years$892$655$474$337$238$133
29 years$852$618$441$309$215$117
30 years$814$584$410$284$194$103
31 years$779$552$383$261$175$91
32 years$747$522$357$240$159$80
33 years$716$494$333$220$144$71
34 years$688$469$311$203$130$62
35 years$661$444$291$187$118$55
36 years$635$422$272$172$107$48
37 years$611$401$255$158$97$43
38 years$589$381$239$146$88$38
39 years$567$362$224$135$79$33
40 years$547$345$210$124$72$29
41 years$528$328$197$115$65$26
42 years$509$312$184$106$59$23
43 years$492$298$173$98$54$20
44 years$475$284$162$90$49$18
45 years$459$270$153$83$44$16
46 years$444$258$143$77$40$14
47 years$430$246$135$71$37$12
48 years$416$235$126$66$33$11
49 years$403$224$119$61$30$10
50 years$391$214$112$56$27$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $400,000, adding $3,283 every year, while hoping to spend $21,490 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: 60/31/9 Blend
62$400,000$400,000$400,000$400,000
63$444,186$422,986$416,786$469,745
64$466,628$420,848$407,884$485,145
65$490,639$417,884$397,962$499,191
66$516,356$414,032$386,966$513,979
67$543,929$409,224$374,834$529,579
68$573,525$403,391$361,506$546,074
69$605,324$396,457$346,916$563,552
70$639,525$388,341$330,996$582,113
71$676,347$378,961$313,675$601,867
72$716,031$368,226$294,879$622,938
73$758,839$356,042$274,530$645,461
74$805,061$342,308$252,548$669,588
75$855,015$326,920$228,846$695,487
76$909,052$309,765$203,338$723,345
77$967,556$290,723$175,930$753,370
78$1,030,949$269,671$146,526$785,790
79$1,099,697$246,476$115,026$820,861
80$1,174,310$220,997$81,323$858,866
81$1,255,350$193,086$45,308$900,117
82$1,343,436$162,588$6,866$944,963
83$1,439,248$129,337$0$993,789
84$1,543,535$93,157$0$1,050,300
85$1,657,119$53,866$0$1,112,607
86$1,780,908$11,268$0$1,180,585
87$1,915,898$0$0$1,254,826
88$2,063,188$0$0$1,347,872
89$2,223,984$0$0$1,453,677
90$2,399,618$0$0$1,569,277
91$2,591,554$0$0$1,695,638
92$2,801,403$0$0$1,833,826
93$3,030,940$0$0$1,985,015
94$3,282,119$0$0$2,150,495
95$3,557,092$0$0$2,331,688
96$3,858,229$0$0$2,530,162
97$4,188,139$0$0$2,747,640
98$4,549,695$0$0$2,986,022
99$4,946,063$0$0$3,247,399
100$5,380,727$0$0$3,534,077