Can I retire at age 63 with 363,000?

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 $363,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$29,976$29,709$29,449$29,194$28,946$28,573
2 years$14,840$14,563$14,295$14,036$13,784$13,408
3 years$9,795$9,517$9,250$8,993$8,745$8,379
4 years$7,273$6,996$6,732$6,479$6,237$5,883
5 years$5,760$5,485$5,224$4,976$4,741$4,400
6 years$4,752$4,479$4,222$3,980$3,752$3,424
7 years$4,032$3,761$3,508$3,272$3,051$2,738
8 years$3,493$3,224$2,975$2,745$2,531$2,232
9 years$3,073$2,807$2,563$2,338$2,132$1,846
10 years$2,738$2,475$2,234$2,015$1,816$1,544
11 years$2,463$2,203$1,967$1,754$1,562$1,303
12 years$2,235$1,977$1,746$1,538$1,354$1,107
13 years$2,042$1,787$1,560$1,358$1,180$946
14 years$1,877$1,624$1,401$1,206$1,035$813
15 years$1,733$1,484$1,265$1,075$911$701
16 years$1,608$1,361$1,147$963$805$607
17 years$1,498$1,254$1,044$865$714$527
18 years$1,400$1,158$953$780$635$458
19 years$1,312$1,074$872$704$566$399
20 years$1,234$998$801$638$505$349
21 years$1,163$929$736$579$452$305
22 years$1,098$867$679$526$405$267
23 years$1,039$811$627$479$364$234
24 years$985$760$580$437$327$206
25 years$936$713$537$399$294$181
26 years$890$670$498$365$265$159
27 years$848$631$462$334$239$140
28 years$809$595$430$306$216$123
29 years$773$561$400$281$195$108
30 years$739$530$372$258$176$96
31 years$707$501$347$237$159$84
32 years$678$474$324$218$144$74
33 years$650$449$303$200$130$66
34 years$624$425$283$184$118$58
35 years$600$403$264$169$107$51
36 years$577$383$247$156$97$45
37 years$555$364$231$144$88$40
38 years$534$346$217$133$80$35
39 years$515$329$203$122$72$31
40 years$496$313$190$113$65$27
41 years$479$298$178$104$59$24
42 years$462$283$167$96$54$21
43 years$446$270$157$89$49$19
44 years$431$257$147$82$44$17
45 years$417$245$138$76$40$15
46 years$403$234$130$70$37$13
47 years$390$223$122$64$33$12
48 years$378$213$115$60$30$10
49 years$366$204$108$55$27$9
50 years$354$195$101$51$25$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $363,000, adding $2,612 every year, while hoping to spend $22,692 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: 76/7/17 Blend
62$363,000$363,000$363,000$363,000
63$402,720$383,481$377,855$431,599
64$419,654$378,128$366,369$445,695
65$437,554$371,751$353,738$458,065
66$456,495$364,278$339,899$471,017
67$476,559$355,629$324,787$484,601
68$497,835$345,722$308,334$498,874
69$520,420$334,468$290,469$513,899
70$544,421$321,775$271,118$529,745
71$569,954$307,544$250,202$546,489
72$597,146$291,670$227,641$564,215
73$626,137$274,044$203,349$583,018
74$657,079$254,549$177,238$603,001
75$690,141$233,062$149,215$624,279
76$725,505$209,452$119,183$646,980
77$763,373$183,581$87,042$671,244
78$803,965$155,305$52,686$697,227
79$847,524$124,469$16,005$725,101
80$894,314$90,911$0$755,057
81$944,628$54,459$0$791,501
82$998,786$14,933$0$833,842
83$1,057,138$0$0$879,453
84$1,120,072$0$0$930,788
85$1,188,010$0$0$987,458
86$1,261,419$0$0$1,048,703
87$1,340,812$0$0$1,114,951
88$1,426,750$0$0$1,186,674
89$1,519,853$0$0$1,264,389
90$1,620,801$0$0$1,348,667
91$1,730,343$0$0$1,440,133
92$1,849,300$0$0$1,539,477
93$1,978,579$0$0$1,647,456
94$2,119,175$0$0$1,764,904
95$2,272,183$0$0$1,892,738
96$2,438,809$0$0$2,031,968
97$2,620,379$0$0$2,183,703
98$2,818,352$0$0$2,349,166
99$3,034,336$0$0$2,529,702
100$3,270,098$0$0$2,726,791