Can I retire at age 63 with 415,000?

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 $415,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$34,270$33,965$33,667$33,377$33,093$32,149
2 years$16,966$16,650$16,343$16,046$15,758$14,815
3 years$11,198$10,881$10,575$10,281$9,998$9,085
4 years$8,315$7,998$7,696$7,407$7,131$6,254
5 years$6,585$6,271$5,972$5,689$5,420$4,583
6 years$5,433$5,121$4,827$4,550$4,289$3,492
7 years$4,610$4,300$4,011$3,741$3,488$2,731
8 years$3,993$3,686$3,402$3,138$2,894$2,176
9 years$3,513$3,209$2,930$2,673$2,437$1,758
10 years$3,130$2,829$2,554$2,304$2,076$1,436
11 years$2,816$2,518$2,249$2,005$1,786$1,182
12 years$2,555$2,260$1,996$1,759$1,548$979
13 years$2,334$2,043$1,783$1,553$1,349$816
14 years$2,145$1,857$1,602$1,378$1,183$683
15 years$1,982$1,696$1,446$1,229$1,042$573
16 years$1,839$1,556$1,311$1,101$921$482
17 years$1,712$1,433$1,193$989$816$407
18 years$1,600$1,324$1,089$891$726$344
19 years$1,500$1,227$997$805$647$292
20 years$1,410$1,141$915$729$578$247
21 years$1,329$1,062$842$662$517$210
22 years$1,255$992$776$602$463$178
23 years$1,188$928$716$548$416$152
24 years$1,127$869$663$500$374$129
25 years$1,070$816$614$457$336$110
26 years$1,018$767$569$417$303$94
27 years$970$721$528$382$273$80
28 years$925$680$491$350$247$68
29 years$883$641$457$321$223$58
30 years$845$606$426$295$201$50
31 years$809$572$397$271$182$42
32 years$775$542$370$249$165$36
33 years$743$513$346$229$149$31
34 years$713$486$323$210$135$26
35 years$685$461$302$194$122$23
36 years$659$438$283$178$111$19
37 years$634$416$265$164$100$16
38 years$611$395$248$151$91$14
39 years$588$376$232$140$82$12
40 years$567$357$218$129$75$10
41 years$547$340$204$119$68$9
42 years$528$324$191$110$62$7
43 years$510$309$180$101$56$6
44 years$493$294$169$94$51$5
45 years$477$281$158$86$46$5
46 years$461$268$149$80$42$4
47 years$446$255$140$74$38$3
48 years$432$244$131$68$34$3
49 years$418$233$123$63$31$2
50 years$405$222$116$58$28$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $415,000, adding $3,251 every year, while hoping to spend $28,266 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: 36/39/25 Blend
62$415,000$415,000$415,000$415,000
63$460,683$438,688$432,256$473,703
64$477,598$430,109$416,662$475,021
65$495,291$420,163$399,598$473,622
66$513,812$408,751$380,985$471,555
67$533,213$395,773$360,740$468,776
68$553,554$381,118$338,778$465,243
69$574,897$364,674$315,008$460,910
70$597,310$346,317$289,335$455,729
71$620,869$325,919$261,660$449,654
72$645,653$303,345$231,882$442,633
73$671,752$278,451$199,892$434,614
74$699,260$251,085$165,578$425,546
75$728,282$221,086$128,822$415,373
76$758,932$188,284$89,503$404,039
77$791,334$152,501$47,492$391,488
78$825,623$113,546$2,656$377,661
79$861,947$71,220$0$362,499
80$900,467$25,312$0$357,997
81$941,361$0$0$353,580
82$984,820$0$0$358,990
83$1,031,057$0$0$376,334
84$1,080,303$0$0$394,841
85$1,132,809$0$0$414,608
86$1,188,855$0$0$435,746
87$1,248,742$0$0$458,374
88$1,312,805$0$0$482,623
89$1,381,408$0$0$508,636
90$1,454,952$0$0$536,571
91$1,533,875$0$0$566,602
92$1,618,659$0$0$598,917
93$1,709,834$0$0$633,726
94$1,807,980$0$0$671,258
95$1,913,735$0$0$711,764
96$2,027,799$0$0$755,520
97$2,150,942$0$0$802,832
98$2,284,009$0$0$854,032
99$2,427,930$0$0$909,487
100$2,583,725$0$0$969,602