Can I retire at age 63 with 421,000?

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 $421,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$34,766$34,456$34,154$33,859$33,571$33,015
2 years$17,211$16,890$16,580$16,278$15,986$15,428
3 years$11,360$11,038$10,728$10,430$10,142$9,598
4 years$8,435$8,114$7,807$7,514$7,234$6,709
5 years$6,681$6,362$6,059$5,771$5,499$4,995
6 years$5,511$5,195$4,896$4,616$4,351$3,868
7 years$4,676$4,362$4,069$3,795$3,539$3,077
8 years$4,051$3,739$3,451$3,183$2,936$2,495
9 years$3,564$3,256$2,972$2,711$2,472$2,052
10 years$3,175$2,870$2,591$2,337$2,106$1,707
11 years$2,857$2,555$2,281$2,034$1,812$1,433
12 years$2,592$2,293$2,025$1,784$1,570$1,211
13 years$2,368$2,072$1,809$1,575$1,369$1,029
14 years$2,176$1,884$1,625$1,398$1,200$879
15 years$2,010$1,721$1,467$1,247$1,057$753
16 years$1,865$1,579$1,330$1,117$934$648
17 years$1,737$1,454$1,211$1,003$828$558
18 years$1,624$1,344$1,105$904$736$483
19 years$1,522$1,245$1,012$817$656$418
20 years$1,431$1,157$928$740$586$363
21 years$1,348$1,078$854$672$525$315
22 years$1,274$1,006$787$611$470$274
23 years$1,205$941$727$556$422$239
24 years$1,143$882$672$507$379$208
25 years$1,085$827$623$463$341$182
26 years$1,033$778$577$423$307$158
27 years$984$732$536$388$277$138
28 years$938$690$498$355$250$121
29 years$896$651$464$326$226$106
30 years$857$614$432$299$204$93
31 years$820$581$403$275$185$81
32 years$786$550$376$252$167$71
33 years$754$520$351$232$151$62
34 years$724$493$328$213$137$54
35 years$695$468$306$196$124$48
36 years$669$444$287$181$112$42
37 years$643$422$268$167$102$37
38 years$620$401$251$154$92$32
39 years$597$381$235$142$84$28
40 years$576$363$221$131$76$25
41 years$555$345$207$121$69$22
42 years$536$329$194$111$62$19
43 years$518$313$182$103$57$17
44 years$500$299$171$95$51$15
45 years$484$285$161$88$47$13
46 years$468$272$151$81$42$11
47 years$453$259$142$75$39$10
48 years$438$247$133$69$35$9
49 years$424$236$125$64$32$8
50 years$411$226$118$59$29$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $421,000, adding $6,693 every year, while hoping to spend $28,804 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: 53/41/6 Blend
62$421,000$421,000$421,000$421,000
63$470,846$448,533$442,007$494,795
64$488,225$439,864$426,167$503,094
65$506,411$429,804$408,831$508,388
66$525,457$418,256$389,919$513,448
67$545,418$405,115$369,345$518,258
68$566,355$390,271$347,023$522,798
69$588,335$373,606$322,861$527,054
70$611,430$354,998$296,761$531,007
71$635,718$334,314$268,625$534,640
72$661,284$311,418$238,346$537,938
73$688,220$286,163$205,816$540,886
74$716,627$258,394$170,919$543,467
75$746,616$227,947$133,538$545,670
76$778,305$194,651$93,546$547,482
77$811,826$158,323$50,814$548,893
78$847,321$118,770$5,205$549,894
79$884,947$75,789$0$550,482
80$924,873$29,164$0$553,437
81$967,287$0$0$556,514
82$1,012,390$0$0$569,019
83$1,060,407$0$0$596,362
84$1,111,582$0$0$625,527
85$1,166,181$0$0$656,670
86$1,224,498$0$0$689,960
87$1,286,853$0$0$725,585
88$1,353,598$0$0$763,748
89$1,425,119$0$0$804,676
90$1,501,839$0$0$848,613
91$1,584,222$0$0$895,830
92$1,672,778$0$0$946,624
93$1,768,066$0$0$1,001,321
94$1,870,700$0$0$1,060,279
95$1,981,355$0$0$1,123,890
96$2,100,772$0$0$1,192,586
97$2,229,765$0$0$1,266,843
98$2,369,229$0$0$1,347,181
99$2,520,147$0$0$1,434,173
100$2,683,600$0$0$1,528,451