Can I retire at age 63 with 418,000?

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 $418,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$34,518$34,211$33,911$33,618$33,332$32,188
2 years$17,088$16,770$16,461$16,162$15,872$14,731
3 years$11,279$10,959$10,652$10,355$10,070$8,968
4 years$8,375$8,056$7,752$7,460$7,182$6,127
5 years$6,633$6,316$6,016$5,730$5,460$4,455
6 years$5,472$5,158$4,862$4,583$4,320$3,366
7 years$4,643$4,331$4,040$3,768$3,513$2,610
8 years$4,022$3,713$3,426$3,161$2,915$2,062
9 years$3,539$3,233$2,951$2,692$2,455$1,651
10 years$3,152$2,849$2,573$2,321$2,091$1,335
11 years$2,837$2,537$2,265$2,020$1,799$1,089
12 years$2,574$2,277$2,010$1,771$1,559$893
13 years$2,351$2,058$1,796$1,564$1,359$736
14 years$2,161$1,870$1,614$1,388$1,191$610
15 years$1,996$1,709$1,457$1,238$1,049$506
16 years$1,852$1,568$1,321$1,109$927$422
17 years$1,725$1,444$1,202$996$822$352
18 years$1,612$1,334$1,097$898$731$294
19 years$1,511$1,236$1,004$811$652$247
20 years$1,421$1,149$922$735$582$207
21 years$1,339$1,070$848$667$521$173
22 years$1,264$999$781$606$467$146
23 years$1,197$934$722$552$419$123
24 years$1,135$875$667$504$377$103
25 years$1,078$821$618$460$339$87
26 years$1,025$772$573$420$305$73
27 years$977$727$532$385$275$62
28 years$932$685$495$353$248$52
29 years$890$646$460$323$224$44
30 years$851$610$429$297$203$37
31 years$814$577$400$273$183$31
32 years$780$546$373$250$166$26
33 years$749$517$348$230$150$22
34 years$719$490$325$212$136$19
35 years$690$464$304$195$123$16
36 years$664$441$285$180$111$13
37 years$639$419$266$166$101$11
38 years$615$398$250$153$92$9
39 years$593$378$234$141$83$8
40 years$571$360$219$130$75$7
41 years$551$343$205$120$68$6
42 years$532$326$193$110$62$5
43 years$514$311$181$102$56$4
44 years$497$296$170$94$51$3
45 years$480$283$159$87$46$3
46 years$464$270$150$80$42$2
47 years$449$257$141$74$38$2
48 years$435$246$132$69$35$2
49 years$421$235$124$63$32$1
50 years$408$224$117$59$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $418,000, adding $4,406 every year, while hoping to spend $34,876 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: 62/27/11 Blend
62$418,000$418,000$418,000$418,000
63$465,181$443,027$436,548$492,573
64$475,521$427,627$414,064$496,059
65$485,748$410,304$389,659$495,459
66$495,812$390,927$363,230$493,939
67$505,659$369,356$334,672$491,410
68$515,227$345,446$303,875$487,777
69$524,448$319,040$270,722$482,936
70$533,244$289,976$235,094$476,773
71$541,530$258,080$196,865$469,167
72$549,208$223,168$155,902$459,985
73$556,172$185,048$112,069$449,083
74$562,301$143,514$65,223$436,305
75$567,461$98,352$15,213$421,481
76$571,503$49,332$0$404,428
77$574,261$0$0$389,424
78$575,552$0$0$375,095
79$575,169$0$0$374,262
80$572,887$0$0$372,113
81$568,451$0$0$368,474
82$561,583$0$0$363,154
83$551,972$0$0$355,940
84$539,273$0$0$346,596
85$523,105$0$0$334,861
86$503,046$0$0$320,446
87$478,629$0$0$303,031
88$449,335$0$0$282,261
89$414,593$0$0$257,744
90$373,769$0$0$229,048
91$326,164$0$0$195,692
92$271,002$0$0$157,148
93$207,427$0$0$112,829
94$134,495$0$0$62,089
95$51,160$0$0$4,212
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