Can I retire at age 63 with 351,000?

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 $351,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$28,985$28,727$28,475$28,229$27,989$26,953
2 years$14,349$14,082$13,823$13,572$13,328$12,296
3 years$9,471$9,203$8,944$8,696$8,456$7,460
4 years$7,033$6,765$6,509$6,265$6,031$5,079
5 years$5,570$5,304$5,051$4,812$4,585$3,679
6 years$4,595$4,331$4,082$3,848$3,628$2,770
7 years$3,899$3,637$3,392$3,164$2,950$2,139
8 years$3,377$3,118$2,877$2,654$2,447$1,683
9 years$2,971$2,715$2,478$2,261$2,061$1,341
10 years$2,647$2,393$2,160$1,949$1,756$1,080
11 years$2,382$2,130$1,902$1,696$1,510$877
12 years$2,161$1,912$1,688$1,488$1,309$716
13 years$1,974$1,728$1,508$1,313$1,141$588
14 years$1,815$1,570$1,355$1,166$1,001$484
15 years$1,676$1,435$1,223$1,040$881$400
16 years$1,555$1,316$1,109$931$779$331
17 years$1,448$1,212$1,009$836$690$275
18 years$1,354$1,120$921$754$614$229
19 years$1,269$1,038$843$681$547$191
20 years$1,193$965$774$617$489$159
21 years$1,124$899$712$560$437$133
22 years$1,062$839$656$509$392$111
23 years$1,005$785$606$464$352$93
24 years$953$735$560$423$316$78
25 years$905$690$519$386$285$65
26 years$861$648$481$353$256$54
27 years$820$610$447$323$231$46
28 years$782$575$416$296$209$38
29 years$747$542$387$272$188$32
30 years$714$512$360$249$170$27
31 years$684$484$336$229$154$22
32 years$655$458$313$210$139$19
33 years$629$434$293$193$126$16
34 years$603$411$273$178$114$13
35 years$580$390$256$164$103$11
36 years$557$370$239$151$94$9
37 years$536$352$224$139$85$8
38 years$517$334$210$128$77$7
39 years$498$318$196$118$70$5
40 years$480$302$184$109$63$5
41 years$463$288$173$101$57$4
42 years$447$274$162$93$52$3
43 years$432$261$152$86$47$3
44 years$417$249$143$79$43$2
45 years$403$237$134$73$39$2
46 years$390$226$126$67$35$2
47 years$377$216$118$62$32$1
48 years$365$206$111$58$29$1
49 years$354$197$104$53$26$1
50 years$343$188$98$49$24$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $351,000, adding $5,886 every year, while hoping to spend $20,358 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: 45/36/19 Blend
62$351,000$351,000$351,000$351,000
63$392,873$374,270$368,830$408,166
64$411,286$370,949$359,525$416,154
65$430,894$366,782$349,226$422,330
66$451,798$361,708$337,878$428,601
67$474,109$355,659$325,424$434,985
68$497,946$348,564$311,804$441,505
69$523,442$340,350$296,956$448,185
70$550,743$330,936$280,813$455,054
71$580,006$320,239$263,307$462,146
72$611,406$308,170$244,367$469,499
73$645,134$294,636$223,919$477,160
74$681,401$279,536$201,883$485,178
75$720,436$262,766$178,179$493,613
76$762,494$244,214$152,721$502,532
77$807,851$223,764$125,420$512,010
78$856,814$201,290$96,183$522,133
79$909,717$176,661$64,914$533,001
80$966,930$149,740$31,510$544,723
81$1,028,859$120,378$0$557,425
82$1,095,947$88,422$0$572,085
83$1,168,687$53,708$0$594,896
84$1,247,616$16,062$0$619,665
85$1,333,327$0$0$646,617
86$1,426,472$0$0$685,784
87$1,527,767$0$0$735,336
88$1,638,003$0$0$789,300
89$1,758,046$0$0$848,106
90$1,888,852$0$0$912,225
91$2,031,472$0$0$982,180
92$2,187,063$0$0$1,058,543
93$2,356,898$0$0$1,141,945
94$2,542,379$0$0$1,233,079
95$2,745,049$0$0$1,332,711
96$2,966,607$0$0$1,441,682
97$3,208,923$0$0$1,560,919
98$3,474,056$0$0$1,691,441
99$3,764,275$0$0$1,834,373
100$4,082,075$0$0$1,990,952