Can I retire at age 63 with 350,000?

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 $350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$28,903$28,645$28,394$28,149$27,909$27,246
2 years$14,308$14,042$13,784$13,533$13,290$12,626
3 years$9,444$9,176$8,919$8,671$8,432$7,787
4 years$7,012$6,746$6,491$6,247$6,014$5,393
5 years$5,554$5,289$5,037$4,798$4,572$3,978
6 years$4,582$4,319$4,071$3,837$3,617$3,050
7 years$3,888$3,627$3,383$3,155$2,942$2,402
8 years$3,367$3,109$2,869$2,646$2,441$1,927
9 years$2,963$2,707$2,471$2,254$2,055$1,569
10 years$2,640$2,386$2,154$1,943$1,751$1,290
11 years$2,375$2,124$1,897$1,691$1,506$1,071
12 years$2,155$1,906$1,683$1,483$1,305$894
13 years$1,969$1,723$1,504$1,310$1,138$751
14 years$1,809$1,566$1,351$1,162$998$633
15 years$1,671$1,431$1,220$1,037$878$536
16 years$1,551$1,313$1,106$928$776$455
17 years$1,444$1,209$1,006$834$688$388
18 years$1,350$1,117$919$752$612$331
19 years$1,265$1,035$841$679$546$283
20 years$1,190$962$772$615$487$242
21 years$1,121$896$710$558$436$207
22 years$1,059$836$654$508$391$178
23 years$1,002$782$604$462$351$153
24 years$950$733$559$422$315$131
25 years$902$688$518$385$284$113
26 years$858$646$480$352$256$97
27 years$818$608$446$322$230$84
28 years$780$573$414$295$208$72
29 years$745$541$386$271$188$62
30 years$712$511$359$248$170$53
31 years$682$483$335$228$153$46
32 years$654$457$312$210$139$40
33 years$627$433$292$193$126$34
34 years$602$410$273$177$114$30
35 years$578$389$255$163$103$26
36 years$556$369$238$150$93$22
37 years$535$351$223$139$85$19
38 years$515$333$209$128$77$16
39 years$496$317$196$118$70$14
40 years$479$301$183$109$63$12
41 years$462$287$172$100$57$11
42 years$446$273$161$93$52$9
43 years$430$260$151$85$47$8
44 years$416$248$142$79$43$7
45 years$402$237$133$73$39$6
46 years$389$226$125$67$35$5
47 years$376$215$118$62$32$4
48 years$364$206$111$57$29$4
49 years$353$196$104$53$26$3
50 years$342$188$98$49$24$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $350,000, adding $6,995 every year, while hoping to spend $27,261 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: 27/48/25 Blend
62$350,000$350,000$350,000$350,000
63$392,915$374,365$368,940$400,305
64$403,987$363,704$352,294$396,082
65$415,275$351,606$334,177$388,723
66$426,771$337,973$314,510$380,254
67$438,468$322,700$293,213$370,599
68$450,355$305,676$270,199$359,677
69$462,421$286,783$245,380$347,403
70$474,650$265,898$218,662$333,685
71$487,026$242,888$189,949$318,429
72$499,529$217,616$159,139$301,531
73$512,136$189,935$126,125$282,884
74$524,822$159,689$90,798$262,373
75$537,555$126,716$53,041$239,878
76$550,302$90,842$12,735$215,269
77$563,024$51,884$0$188,412
78$575,676$9,650$0$167,238
79$588,208$0$0$147,668
80$600,564$0$0$145,225
81$612,679$0$0$147,776
82$624,481$0$0$150,200
83$635,891$0$0$152,473
84$646,818$0$0$154,568
85$657,160$0$0$156,451
86$666,805$0$0$158,090
87$675,626$0$0$159,445
88$683,482$0$0$160,472
89$690,216$0$0$161,125
90$695,652$0$0$161,349
91$699,597$0$0$161,085
92$701,834$0$0$160,268
93$702,121$0$0$158,824
94$700,192$0$0$156,672
95$695,749$0$0$153,723
96$688,463$0$0$149,876
97$677,970$0$0$145,023
98$663,863$0$0$139,039
99$645,695$0$0$131,791
100$622,968$0$0$123,129