Can I retire at age 63 with 420,000?

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 $420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$34,683$34,374$34,073$33,779$33,491$33,155
2 years$17,170$16,850$16,540$16,240$15,948$15,610
3 years$11,333$11,012$10,703$10,405$10,118$9,788
4 years$8,415$8,095$7,789$7,496$7,216$6,897
5 years$6,665$6,346$6,044$5,758$5,486$5,178
6 years$5,498$5,182$4,885$4,605$4,341$4,045
7 years$4,665$4,352$4,059$3,786$3,530$3,246
8 years$4,041$3,731$3,443$3,176$2,929$2,657
9 years$3,556$3,248$2,965$2,705$2,466$2,206
10 years$3,167$2,863$2,585$2,332$2,101$1,853
11 years$2,850$2,549$2,276$2,029$1,807$1,571
12 years$2,586$2,288$2,020$1,780$1,566$1,341
13 years$2,363$2,067$1,805$1,571$1,366$1,151
14 years$2,171$1,879$1,621$1,395$1,197$994
15 years$2,006$1,717$1,464$1,244$1,054$861
16 years$1,861$1,575$1,327$1,114$932$749
17 years$1,733$1,451$1,208$1,001$826$653
18 years$1,620$1,340$1,102$902$734$571
19 years$1,518$1,242$1,009$815$655$500
20 years$1,427$1,154$926$738$585$439
21 years$1,345$1,075$852$670$523$386
22 years$1,270$1,004$785$609$469$340
23 years$1,202$939$725$555$421$300
24 years$1,140$880$671$506$378$265
25 years$1,083$825$621$462$341$234
26 years$1,030$776$576$422$307$207
27 years$981$730$535$387$277$183
28 years$936$688$497$354$250$162
29 years$894$649$463$325$225$143
30 years$855$613$431$298$204$127
31 years$818$579$402$274$184$113
32 years$784$548$375$252$167$100
33 years$752$519$350$231$151$89
34 years$722$492$327$213$136$79
35 years$694$467$306$196$124$70
36 years$667$443$286$181$112$62
37 years$642$421$268$166$101$55
38 years$618$400$251$153$92$49
39 years$596$380$235$141$83$44
40 years$574$362$220$130$76$39
41 years$554$344$206$120$69$34
42 years$535$328$194$111$62$31
43 years$516$312$182$102$57$27
44 years$499$298$171$95$51$24
45 years$482$284$160$87$47$21
46 years$467$271$150$81$42$19
47 years$452$259$141$75$38$17
48 years$437$247$133$69$35$15
49 years$423$236$125$64$32$13
50 years$410$225$117$59$29$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $420,000, adding $5,008 every year, while hoping to spend $42,788 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: 57/33/10 Blend
62$420,000$420,000$420,000$420,000
63$468,006$445,746$439,236$493,271
64$470,216$422,061$408,424$487,213
65$471,218$395,782$375,146$475,417
66$470,843$366,736$339,274$461,534
67$468,904$334,741$300,674$445,369
68$465,193$299,604$259,208$426,712
69$459,480$261,122$214,729$405,331
70$451,509$219,079$167,085$380,977
71$440,999$173,250$116,118$353,376
72$427,634$123,393$61,661$322,233
73$411,068$69,254$3,542$287,222
74$390,917$10,568$0$247,993
75$366,755$0$0$210,399
76$338,111$0$0$187,819
77$304,465$0$0$165,911
78$265,241$0$0$140,474
79$219,802$0$0$111,109
80$167,445$0$0$77,372
81$107,392$0$0$38,775
82$38,784$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$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