Can I retire at age 63 with 313,000?

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 $313,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$25,847$25,617$25,392$25,173$24,959$24,356
2 years$12,796$12,557$12,326$12,102$11,885$11,281
3 years$8,446$8,206$7,976$7,754$7,541$6,954
4 years$6,271$6,033$5,804$5,586$5,378$4,814
5 years$4,967$4,730$4,505$4,291$4,088$3,549
6 years$4,097$3,862$3,640$3,431$3,235$2,720
7 years$3,477$3,243$3,025$2,821$2,631$2,140
8 years$3,011$2,780$2,566$2,367$2,183$1,717
9 years$2,650$2,421$2,210$2,016$1,838$1,396
10 years$2,361$2,134$1,926$1,738$1,566$1,148
11 years$2,124$1,899$1,696$1,512$1,347$952
12 years$1,927$1,705$1,505$1,326$1,167$794
13 years$1,761$1,541$1,345$1,171$1,018$667
14 years$1,618$1,400$1,208$1,040$892$562
15 years$1,495$1,279$1,091$927$786$475
16 years$1,387$1,174$989$830$694$403
17 years$1,292$1,081$900$746$616$343
18 years$1,207$999$822$672$547$292
19 years$1,132$926$752$607$488$250
20 years$1,064$860$690$550$436$214
21 years$1,002$801$635$499$390$183
22 years$947$748$585$454$350$157
23 years$896$700$540$413$314$135
24 years$850$655$500$377$282$116
25 years$807$615$463$344$254$99
26 years$768$578$429$315$229$85
27 years$731$544$399$288$206$73
28 years$698$513$371$264$186$63
29 years$666$484$345$242$168$54
30 years$637$457$321$222$152$47
31 years$610$432$299$204$137$40
32 years$584$409$279$188$124$35
33 years$561$387$261$172$112$30
34 years$538$367$244$159$102$26
35 years$517$348$228$146$92$22
36 years$497$330$213$135$83$19
37 years$478$314$200$124$76$17
38 years$461$298$187$114$69$14
39 years$444$283$175$105$62$12
40 years$428$270$164$97$56$11
41 years$413$257$154$90$51$9
42 years$398$244$144$83$46$8
43 years$385$233$135$76$42$7
44 years$372$222$127$71$38$6
45 years$360$212$119$65$35$5
46 years$348$202$112$60$32$4
47 years$336$193$105$56$29$4
48 years$326$184$99$51$26$3
49 years$315$176$93$47$24$3
50 years$306$168$87$44$21$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $313,000, adding $3,889 every year, while hoping to spend $21,394 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: 47/33/20 Blend
62$313,000$313,000$313,000$313,000
63$348,938$332,349$327,497$363,187
64$361,766$325,871$315,705$367,048
65$375,186$318,358$302,801$368,782
66$389,235$309,738$288,725$370,217
67$403,955$299,932$273,415$371,336
68$419,389$288,860$256,805$372,119
69$435,585$276,432$238,826$372,547
70$452,596$262,559$219,408$372,601
71$470,478$247,142$198,476$372,260
72$489,294$230,079$175,952$371,506
73$509,110$211,260$151,754$370,319
74$529,999$190,572$125,798$368,678
75$552,041$167,892$97,994$366,566
76$575,323$143,093$68,251$363,963
77$599,939$116,037$36,470$360,852
78$625,993$86,583$2,552$357,215
79$653,597$54,579$0$353,038
80$682,876$19,865$0$355,485
81$713,963$0$0$358,412
82$747,006$0$0$367,727
83$782,166$0$0$385,334
84$819,621$0$0$404,110
85$859,562$0$0$424,155
86$902,202$0$0$445,577
87$947,773$0$0$468,496
88$996,528$0$0$493,043
89$1,048,747$0$0$519,362
90$1,104,736$0$0$547,610
91$1,164,829$0$0$577,960
92$1,229,396$0$0$610,603
93$1,298,839$0$0$645,747
94$1,373,603$0$0$683,621
95$1,454,175$0$0$724,476
96$1,541,090$0$0$768,588
97$1,634,936$0$0$816,262
98$1,736,359$0$0$867,831
99$1,846,068$0$0$923,662
100$1,964,845$0$0$984,158