Can I retire at age 63 with 402,000?

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 $402,000?

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 years$33,197$32,901$32,613$32,331$32,056$31,655
2 years$16,434$16,128$15,831$15,544$15,265$14,862
3 years$10,847$10,540$10,244$9,959$9,685$9,292
4 years$8,054$7,748$7,455$7,175$6,907$6,527
5 years$6,379$6,074$5,785$5,511$5,251$4,885
6 years$5,263$4,960$4,675$4,407$4,155$3,804
7 years$4,465$4,166$3,885$3,623$3,379$3,042
8 years$3,868$3,571$3,295$3,040$2,803$2,481
9 years$3,403$3,109$2,838$2,589$2,361$2,053
10 years$3,032$2,740$2,474$2,232$2,011$1,719
11 years$2,728$2,440$2,178$1,942$1,730$1,451
12 years$2,475$2,190$1,933$1,704$1,499$1,234
13 years$2,261$1,979$1,727$1,504$1,307$1,056
14 years$2,078$1,799$1,552$1,335$1,146$907
15 years$1,920$1,643$1,401$1,191$1,009$783
16 years$1,781$1,508$1,270$1,066$892$678
17 years$1,659$1,388$1,156$958$791$589
18 years$1,550$1,283$1,055$863$703$513
19 years$1,453$1,189$966$780$627$447
20 years$1,366$1,105$887$707$560$391
21 years$1,288$1,029$815$641$501$342
22 years$1,216$961$752$583$449$300
23 years$1,151$898$694$531$403$263
24 years$1,091$842$642$484$362$231
25 years$1,036$790$594$442$326$203
26 years$986$742$551$404$294$179
27 years$939$699$512$370$265$158
28 years$896$658$476$339$239$139
29 years$856$621$443$311$216$122
30 years$818$587$413$285$195$108
31 years$783$555$385$262$176$95
32 years$751$525$359$241$159$84
33 years$720$497$335$222$144$74
34 years$691$471$313$204$131$66
35 years$664$447$293$188$118$58
36 years$638$424$274$173$107$51
37 years$614$403$256$159$97$45
38 years$592$383$240$147$88$40
39 years$570$364$225$135$80$35
40 years$550$346$211$125$72$31
41 years$530$330$198$115$66$28
42 years$512$314$185$106$60$24
43 years$494$299$174$98$54$22
44 years$478$285$163$91$49$19
45 years$462$272$153$84$45$17
46 years$447$259$144$77$40$15
47 years$432$247$135$71$37$13
48 years$418$236$127$66$33$12
49 years$405$226$119$61$30$10
50 years$392$216$112$56$28$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $402,000, adding $2,217 every year, while hoping to spend $36,763 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: 44/31/25 Blend
62$402,000$402,000$402,000$402,000
63$445,291$423,985$417,754$461,569
64$451,595$405,645$392,633$455,005
65$457,310$385,173$365,439$444,177
66$462,337$362,428$336,062$431,715
67$466,566$337,258$304,391$417,486
68$469,873$309,501$270,306$401,350
69$472,124$278,990$233,684$383,153
70$473,165$245,545$194,397$362,729
71$472,828$208,977$152,310$339,901
72$470,926$169,086$107,281$314,478
73$467,250$125,662$59,165$286,250
74$461,571$78,481$7,809$254,996
75$453,633$27,307$0$220,473
76$443,151$0$0$194,956
77$429,813$0$0$178,253
78$413,271$0$0$169,282
79$393,139$0$0$158,540
80$368,991$0$0$145,821
81$340,357$0$0$130,894
82$306,714$0$0$113,506
83$267,487$0$0$93,377
84$222,037$0$0$70,195
85$169,660$0$0$43,618
86$109,578$0$0$13,268
87$40,929$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0