Can I retire at age 63 with 376,000?

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 $376,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$31,050$30,773$30,503$30,240$29,983$29,831
2 years$15,371$15,085$14,807$14,538$14,278$14,125
3 years$10,146$9,858$9,581$9,315$9,058$8,909
4 years$7,533$7,247$6,973$6,711$6,460$6,315
5 years$5,966$5,682$5,411$5,155$4,911$4,771
6 years$4,922$4,639$4,373$4,122$3,886$3,751
7 years$4,177$3,896$3,634$3,389$3,160$3,031
8 years$3,618$3,340$3,082$2,843$2,622$2,497
9 years$3,183$2,908$2,654$2,422$2,208$2,088
10 years$2,836$2,563$2,314$2,087$1,881$1,767
11 years$2,552$2,282$2,037$1,817$1,618$1,509
12 years$2,315$2,048$1,808$1,593$1,402$1,298
13 years$2,115$1,851$1,615$1,407$1,223$1,123
14 years$1,944$1,682$1,451$1,249$1,072$977
15 years$1,795$1,537$1,311$1,114$944$853
16 years$1,666$1,410$1,188$997$834$748
17 years$1,552$1,299$1,081$896$739$658
18 years$1,450$1,200$987$807$658$580
19 years$1,359$1,112$904$730$586$513
20 years$1,278$1,033$829$661$523$454
21 years$1,204$963$763$600$468$403
22 years$1,137$899$703$545$420$358
23 years$1,076$840$649$497$377$318
24 years$1,021$787$600$453$339$284
25 years$969$739$556$414$305$253
26 years$922$694$516$378$275$226
27 years$878$654$479$346$248$202
28 years$838$616$445$317$223$180
29 years$800$581$414$291$202$161
30 years$765$549$386$267$182$144
31 years$733$519$360$245$165$129
32 years$702$491$336$225$149$116
33 years$673$465$313$207$135$104
34 years$646$441$293$191$122$93
35 years$621$418$274$175$111$83
36 years$597$397$256$162$100$75
37 years$575$377$240$149$91$67
38 years$553$358$224$137$82$60
39 years$533$340$210$127$75$54
40 years$514$324$197$117$68$49
41 years$496$308$185$108$61$44
42 years$479$294$173$99$56$39
43 years$462$280$163$92$51$35
44 years$447$267$153$85$46$32
45 years$432$254$143$78$42$28
46 years$418$243$135$72$38$25
47 years$404$231$127$67$34$23
48 years$391$221$119$62$31$21
49 years$379$211$112$57$28$18
50 years$367$202$105$53$26$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $376,000, adding $3,633 every year, while hoping to spend $30,190 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: 35/50/15 Blend
62$376,000$376,000$376,000$376,000
63$418,099$398,171$392,343$430,680
64$428,624$385,560$373,365$427,522
65$439,210$371,319$352,739$421,004
66$449,831$355,336$330,378$413,320
67$460,460$337,493$306,192$404,381
68$471,062$317,666$280,085$394,096
69$481,601$295,721$251,957$382,366
70$492,032$271,520$221,706$369,083
71$502,309$244,914$189,223$354,136
72$512,377$215,747$154,395$337,404
73$522,175$183,854$117,102$318,758
74$531,635$149,061$77,223$298,063
75$540,680$111,184$34,629$275,171
76$549,225$70,027$0$249,928
77$557,173$25,385$0$223,899
78$564,417$0$0$201,201
79$570,838$0$0$188,751
80$576,303$0$0$189,869
81$580,663$0$0$190,530
82$583,754$0$0$190,669
83$585,392$0$0$190,215
84$585,373$0$0$189,087
85$583,470$0$0$187,197
86$579,433$0$0$184,448
87$572,982$0$0$180,730
88$563,808$0$0$175,923
89$551,568$0$0$169,894
90$535,883$0$0$162,494
91$516,332$0$0$153,561
92$492,449$0$0$142,913
93$463,718$0$0$130,351
94$429,570$0$0$115,652
95$389,373$0$0$98,572
96$342,429$0$0$78,840
97$287,967$0$0$56,157
98$225,135$0$0$30,193
99$152,989$0$0$582
100$70,488$0$0$0