Can I retire at age 63 with 356,000?

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 $356,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$29,398$29,136$28,881$28,631$28,388$27,724
2 years$14,554$14,282$14,020$13,765$13,518$12,853
3 years$9,606$9,334$9,072$8,819$8,576$7,931
4 years$7,133$6,861$6,602$6,354$6,117$5,496
5 years$5,649$5,379$5,123$4,880$4,650$4,055
6 years$4,660$4,393$4,140$3,903$3,679$3,112
7 years$3,954$3,689$3,441$3,209$2,992$2,452
8 years$3,425$3,162$2,918$2,692$2,482$1,968
9 years$3,014$2,753$2,513$2,293$2,091$1,603
10 years$2,685$2,427$2,191$1,976$1,781$1,320
11 years$2,416$2,160$1,929$1,720$1,532$1,095
12 years$2,192$1,939$1,712$1,509$1,328$916
13 years$2,003$1,752$1,530$1,332$1,158$769
14 years$1,840$1,593$1,374$1,182$1,015$649
15 years$1,700$1,455$1,241$1,054$893$550
16 years$1,577$1,335$1,125$944$790$467
17 years$1,469$1,230$1,024$848$700$398
18 years$1,373$1,136$934$765$623$340
19 years$1,287$1,053$855$691$555$291
20 years$1,210$978$785$626$496$249
21 years$1,140$911$722$568$444$214
22 years$1,077$851$666$516$398$183
23 years$1,019$796$615$470$357$158
24 years$966$746$568$429$321$136
25 years$918$700$526$392$289$117
26 years$873$658$488$358$260$100
27 years$832$619$453$328$234$87
28 years$793$583$421$300$212$75
29 years$758$550$392$275$191$64
30 years$725$520$365$253$173$55
31 years$694$491$341$232$156$48
32 years$665$465$318$213$141$41
33 years$638$440$297$196$128$36
34 years$612$417$277$180$116$31
35 years$588$396$259$166$105$27
36 years$565$375$242$153$95$23
37 years$544$357$227$141$86$20
38 years$524$339$213$130$78$17
39 years$505$322$199$120$71$15
40 years$487$307$187$111$64$13
41 years$470$292$175$102$58$11
42 years$453$278$164$94$53$10
43 years$438$265$154$87$48$8
44 years$423$252$145$80$43$7
45 years$409$241$136$74$39$6
46 years$396$230$128$68$36$5
47 years$383$219$120$63$33$5
48 years$370$209$113$58$30$4
49 years$359$200$106$54$27$3
50 years$348$191$99$50$24$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $356,000, adding $6,994 every year, while hoping to spend $25,633 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: 51/40/9 Blend
62$356,000$356,000$356,000$356,000
63$399,526$380,658$375,140$418,621
64$413,005$372,037$360,434$423,785
65$426,999$362,135$344,376$426,065
66$441,534$350,861$326,894$427,944
67$456,638$338,120$307,913$429,389
68$472,339$323,812$287,352$430,368
69$488,670$307,831$265,130$430,846
70$505,663$290,064$241,161$430,787
71$523,354$270,390$215,354$430,152
72$541,783$248,686$187,614$428,901
73$560,990$224,817$157,845$426,994
74$581,021$198,643$125,942$424,386
75$601,923$170,014$91,799$421,033
76$623,749$138,775$55,304$416,887
77$646,554$104,758$16,340$411,899
78$670,400$67,789$0$406,020
79$695,353$27,682$0$401,619
80$721,482$0$0$398,052
81$748,865$0$0$400,639
82$777,586$0$0$416,143
83$807,735$0$0$432,430
84$839,411$0$0$449,554
85$872,720$0$0$467,575
86$907,779$0$0$486,557
87$944,714$0$0$506,571
88$983,663$0$0$527,693
89$1,024,777$0$0$550,008
90$1,068,219$0$0$573,606
91$1,114,167$0$0$598,587
92$1,162,818$0$0$625,061
93$1,214,384$0$0$653,145
94$1,269,097$0$0$682,970
95$1,327,213$0$0$714,678
96$1,389,010$0$0$748,425
97$1,454,792$0$0$784,381
98$1,524,894$0$0$822,732
99$1,599,679$0$0$863,683
100$1,679,549$0$0$907,458