Can I retire at age 63 with 375,000?

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 $375,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$30,967$30,691$30,422$30,160$29,903$29,615
2 years$15,330$15,045$14,768$14,500$14,240$13,950
3 years$10,119$9,832$9,556$9,290$9,034$8,751
4 years$7,513$7,227$6,954$6,693$6,443$6,169
5 years$5,951$5,666$5,397$5,141$4,898$4,634
6 years$4,909$4,627$4,361$4,111$3,876$3,622
7 years$4,165$3,886$3,624$3,380$3,152$2,908
8 years$3,608$3,331$3,074$2,835$2,615$2,382
9 years$3,175$2,900$2,647$2,415$2,202$1,979
10 years$2,828$2,556$2,308$2,082$1,876$1,663
11 years$2,545$2,276$2,032$1,812$1,614$1,411
12 years$2,309$2,043$1,803$1,589$1,398$1,205
13 years$2,109$1,846$1,611$1,403$1,219$1,035
14 years$1,939$1,678$1,448$1,245$1,069$894
15 years$1,791$1,533$1,307$1,111$941$775
16 years$1,661$1,406$1,185$995$832$675
17 years$1,547$1,295$1,078$894$738$589
18 years$1,446$1,197$984$805$656$515
19 years$1,356$1,109$901$728$585$452
20 years$1,275$1,031$827$659$522$397
21 years$1,201$960$761$598$467$349
22 years$1,134$896$701$544$419$308
23 years$1,074$838$647$495$376$272
24 years$1,018$785$599$452$338$240
25 years$967$737$554$413$304$212
26 years$920$693$514$377$274$188
27 years$876$652$478$345$247$166
28 years$836$614$444$316$223$147
29 years$798$579$413$290$201$131
30 years$763$547$385$266$182$116
31 years$731$517$359$245$164$103
32 years$700$489$335$225$149$91
33 years$672$464$313$207$135$81
34 years$645$439$292$190$122$72
35 years$619$417$273$175$110$64
36 years$596$396$255$161$100$57
37 years$573$376$239$149$91$51
38 years$552$357$224$137$82$45
39 years$532$339$210$126$74$40
40 years$513$323$197$116$68$36
41 years$495$307$184$107$61$32
42 years$477$293$173$99$56$28
43 years$461$279$162$92$50$25
44 years$446$266$152$84$46$22
45 years$431$254$143$78$42$20
46 years$417$242$134$72$38$18
47 years$403$231$126$67$34$16
48 years$390$220$119$62$31$14
49 years$378$210$111$57$28$12
50 years$366$201$105$53$26$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $375,000, adding $6,999 every year, while hoping to spend $24,552 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: 30/47/23 Blend
62$375,000$375,000$375,000$375,000
63$420,469$400,594$394,782$429,911
64$437,234$394,100$381,884$431,231
65$454,886$386,465$367,731$429,989
66$473,490$377,607$352,255$428,145
67$493,115$367,440$335,386$425,664
68$513,840$355,871$317,047$422,508
69$535,746$342,803$297,164$418,638
70$558,926$328,135$275,653$414,015
71$583,480$311,756$252,430$408,598
72$609,515$293,553$227,407$402,345
73$637,151$273,403$200,491$395,214
74$666,519$251,178$171,585$387,161
75$697,760$226,741$140,589$378,142
76$731,030$199,950$107,397$368,114
77$766,500$170,652$71,900$357,030
78$804,356$138,688$33,982$344,848
79$844,803$103,886$0$331,522
80$888,065$66,069$0$318,601
81$934,389$25,047$0$313,452
82$984,043$0$0$307,719
83$1,037,324$0$0$311,416
84$1,094,557$0$0$329,345
85$1,156,097$0$0$348,665
86$1,222,335$0$0$369,507
87$1,293,703$0$0$392,012
88$1,370,670$0$0$416,333
89$1,453,756$0$0$442,641
90$1,543,529$0$0$471,125
91$1,640,617$0$0$501,988
92$1,745,706$0$0$535,458
93$1,859,554$0$0$571,783
94$1,982,991$0$0$611,238
95$2,116,932$0$0$654,122
96$2,262,383$0$0$700,767
97$2,420,451$0$0$751,538
98$2,592,351$0$0$806,836
99$2,779,423$0$0$867,100
100$2,983,139$0$0$932,818