Can I retire at age 63 with 321,000?

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 $321,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$26,508$26,272$26,041$25,817$25,597$24,738
2 years$13,123$12,878$12,641$12,412$12,189$11,332
3 years$8,662$8,416$8,180$7,952$7,733$6,905
4 years$6,431$6,187$5,953$5,729$5,515$4,723
5 years$5,094$4,850$4,620$4,401$4,193$3,437
6 years$4,202$3,961$3,733$3,519$3,318$2,600
7 years$3,566$3,326$3,102$2,893$2,698$2,019
8 years$3,088$2,851$2,631$2,427$2,238$1,596
9 years$2,717$2,482$2,266$2,067$1,885$1,280
10 years$2,421$2,188$1,976$1,782$1,606$1,036
11 years$2,178$1,948$1,739$1,551$1,381$846
12 years$1,976$1,748$1,544$1,360$1,197$695
13 years$1,806$1,580$1,379$1,201$1,044$574
14 years$1,659$1,436$1,239$1,066$915$476
15 years$1,533$1,312$1,119$951$806$396
16 years$1,422$1,204$1,014$851$712$330
17 years$1,325$1,109$923$765$631$276
18 years$1,238$1,024$843$689$561$231
19 years$1,161$949$771$623$500$194
20 years$1,091$882$708$564$447$163
21 years$1,028$822$651$512$400$137
22 years$971$767$600$466$358$115
23 years$919$717$554$424$322$97
24 years$871$672$512$387$289$82
25 years$828$631$475$353$260$69
26 years$787$593$440$323$234$58
27 years$750$558$409$296$211$49
28 years$715$526$380$271$191$41
29 years$683$496$354$248$172$35
30 years$653$468$329$228$156$29
31 years$625$443$307$209$141$25
32 years$599$419$287$192$127$21
33 years$575$397$268$177$115$18
34 years$552$376$250$163$104$15
35 years$530$357$234$150$94$13
36 years$510$339$219$138$86$11
37 years$491$322$205$127$78$9
38 years$472$306$192$117$70$8
39 years$455$291$180$108$64$6
40 years$439$276$168$100$58$5
41 years$423$263$158$92$52$5
42 years$409$251$148$85$48$4
43 years$395$239$139$78$43$3
44 years$381$228$130$72$39$3
45 years$369$217$122$67$36$2
46 years$357$207$115$62$32$2
47 years$345$198$108$57$29$2
48 years$334$189$102$53$27$1
49 years$324$180$95$49$24$1
50 years$313$172$90$45$22$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $321,000, adding $4,737 every year, while hoping to spend $23,470 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: 67/10/23 Blend
62$321,000$321,000$321,000$321,000
63$358,628$341,615$336,640$380,250
64$370,236$333,382$322,945$387,119
65$382,242$323,960$308,005$391,507
66$394,661$313,264$291,754$395,757
67$407,509$301,207$274,121$399,855
68$420,805$287,696$255,033$403,788
69$434,567$272,632$234,416$407,539
70$448,813$255,912$212,190$411,095
71$463,565$237,425$188,272$414,439
72$478,845$217,055$162,575$417,555
73$494,675$194,678$135,009$420,424
74$511,080$170,165$105,479$423,030
75$528,085$143,379$73,888$425,353
76$545,718$114,173$40,132$427,375
77$564,009$82,395$4,104$429,075
78$582,988$47,883$0$430,432
79$602,689$10,465$0$439,854
80$623,147$0$0$450,514
81$644,399$0$0$464,715
82$666,487$0$0$480,675
83$689,453$0$0$497,271
84$713,343$0$0$514,539
85$738,207$0$0$532,515
86$764,099$0$0$551,237
87$791,075$0$0$570,748
88$819,198$0$0$591,092
89$848,533$0$0$612,318
90$879,152$0$0$634,479
91$911,133$0$0$657,630
92$944,559$0$0$681,834
93$979,519$0$0$707,156
94$1,016,112$0$0$733,668
95$1,054,443$0$0$761,448
96$1,094,626$0$0$790,578
97$1,136,785$0$0$821,151
98$1,181,056$0$0$853,265
99$1,227,585$0$0$887,028
100$1,276,530$0$0$922,557