Can I retire at age 63 with 300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$24,774$24,553$24,338$24,128$23,922$23,732
2 years$12,264$12,036$11,814$11,600$11,392$11,200
3 years$8,095$7,866$7,645$7,432$7,227$7,040
4 years$6,011$5,782$5,563$5,354$5,155$4,973
5 years$4,760$4,533$4,317$4,113$3,918$3,743
6 years$3,927$3,702$3,489$3,289$3,101$2,932
7 years$3,332$3,109$2,899$2,704$2,522$2,360
8 years$2,886$2,665$2,459$2,268$2,092$1,937
9 years$2,540$2,320$2,118$1,932$1,762$1,613
10 years$2,262$2,045$1,846$1,666$1,501$1,359
11 years$2,036$1,821$1,626$1,449$1,291$1,155
12 years$1,847$1,634$1,443$1,271$1,119$989
13 years$1,688$1,477$1,289$1,122$976$852
14 years$1,551$1,342$1,158$996$855$738
15 years$1,433$1,226$1,046$889$753$642
16 years$1,329$1,125$948$796$665$560
17 years$1,238$1,036$863$715$590$490
18 years$1,157$957$787$644$525$430
19 years$1,085$887$721$582$468$378
20 years$1,020$825$662$527$418$333
21 years$961$768$609$479$374$294
22 years$907$717$561$435$335$260
23 years$859$671$518$396$301$230
24 years$814$628$479$361$270$204
25 years$773$590$444$330$243$181
26 years$736$554$411$302$219$160
27 years$701$521$382$276$198$143
28 years$669$491$355$253$178$127
29 years$639$464$330$232$161$113
30 years$611$438$308$213$145$100
31 years$585$414$287$196$131$89
32 years$560$392$268$180$119$80
33 years$537$371$250$165$108$71
34 years$516$351$234$152$97$63
35 years$496$333$218$140$88$56
36 years$476$316$204$129$80$50
37 years$458$301$191$119$72$45
38 years$441$286$179$110$66$40
39 years$425$272$168$101$60$36
40 years$410$258$157$93$54$32
41 years$396$246$147$86$49$28
42 years$382$234$138$79$44$25
43 years$369$223$130$73$40$23
44 years$356$213$122$68$37$20
45 years$345$203$114$62$33$18
46 years$333$194$107$58$30$16
47 years$323$185$101$53$27$14
48 years$312$176$95$49$25$13
49 years$302$168$89$45$23$11
50 years$293$161$84$42$21$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $300,000, adding $6,912 every year, while hoping to spend $25,237 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: 72/5/23 Blend
62$300,000$300,000$300,000$300,000
63$337,730$321,830$317,180$359,647
64$345,326$310,747$300,953$364,077
65$352,852$298,276$283,337$365,277
66$360,272$284,321$264,259$365,971
67$367,550$268,783$243,641$366,105
68$374,641$251,555$221,405$365,620
69$381,499$232,525$197,466$364,452
70$388,068$211,575$171,737$362,532
71$394,288$188,579$144,127$359,783
72$400,092$163,406$114,542$356,123
73$405,403$135,915$82,882$351,461
74$410,139$105,959$49,042$345,696
75$414,203$73,382$12,916$338,722
76$417,493$38,019$0$330,419
77$419,892$0$0$326,950
78$421,268$0$0$325,689
79$421,480$0$0$325,587
80$420,366$0$0$324,425
81$417,750$0$0$322,062
82$413,433$0$0$318,341
83$407,199$0$0$313,089
84$398,803$0$0$306,113
85$387,978$0$0$297,199
86$374,427$0$0$286,112
87$357,820$0$0$272,589
88$337,793$0$0$256,343
89$313,943$0$0$237,051
90$285,823$0$0$214,360
91$252,941$0$0$187,879
92$214,750$0$0$157,173
93$170,649$0$0$121,765
94$119,969$0$0$81,125
95$61,976$0$0$34,668
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