Can I retire at age 63 with 377,000?

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 $377,000?

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 years$31,132$30,855$30,584$30,320$30,063$29,687
2 years$15,412$15,125$14,847$14,577$14,315$13,937
3 years$10,173$9,884$9,607$9,340$9,082$8,714
4 years$7,553$7,266$6,991$6,729$6,478$6,121
5 years$5,982$5,697$5,426$5,168$4,924$4,581
6 years$4,935$4,652$4,385$4,133$3,896$3,567
7 years$4,188$3,907$3,644$3,398$3,169$2,853
8 years$3,627$3,349$3,090$2,851$2,629$2,327
9 years$3,192$2,916$2,662$2,428$2,214$1,926
10 years$2,843$2,570$2,320$2,093$1,886$1,612
11 years$2,558$2,288$2,043$1,822$1,622$1,361
12 years$2,321$2,053$1,813$1,598$1,406$1,157
13 years$2,121$1,856$1,620$1,411$1,226$990
14 years$1,949$1,687$1,455$1,252$1,075$851
15 years$1,800$1,541$1,314$1,117$946$735
16 years$1,670$1,414$1,191$1,000$836$636
17 years$1,556$1,302$1,084$898$741$552
18 years$1,454$1,203$990$810$659$481
19 years$1,363$1,115$906$732$588$420
20 years$1,281$1,036$831$663$525$367
21 years$1,207$965$765$601$470$321
22 years$1,140$901$705$547$421$281
23 years$1,079$843$651$498$378$247
24 years$1,023$789$602$454$340$217
25 years$972$741$557$415$306$191
26 years$925$696$517$379$275$168
27 years$881$655$480$347$248$148
28 years$840$618$446$318$224$130
29 years$803$583$415$292$202$115
30 years$767$550$387$268$183$101
31 years$735$520$361$246$165$89
32 years$704$492$337$226$149$79
33 years$675$466$314$208$135$70
34 years$648$442$294$191$122$61
35 years$623$419$274$176$111$54
36 years$599$398$257$162$101$48
37 years$576$378$240$149$91$42
38 years$555$359$225$138$83$37
39 years$535$341$211$127$75$33
40 years$515$325$198$117$68$29
41 years$497$309$185$108$62$26
42 years$480$294$174$100$56$23
43 years$464$280$163$92$51$20
44 years$448$267$153$85$46$18
45 years$433$255$144$78$42$16
46 years$419$243$135$72$38$14
47 years$405$232$127$67$34$12
48 years$392$222$119$62$31$11
49 years$380$212$112$57$28$10
50 years$368$202$105$53$26$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $377,000, adding $3,450 every year, while hoping to spend $23,227 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: 30/50/20 Blend
62$377,000$377,000$377,000$377,000
63$419,013$399,032$393,188$428,870
64$437,039$393,871$381,647$431,484
65$456,125$387,679$368,940$431,968
66$476,355$380,380$355,005$431,997
67$497,820$371,896$339,774$431,546
68$520,620$362,141$323,179$430,590
69$544,864$351,027$305,147$429,103
70$570,673$338,460$285,602$427,060
71$598,176$324,339$264,464$424,435
72$627,517$308,559$241,650$421,203
73$658,853$291,008$217,075$417,339
74$692,357$271,568$190,648$412,820
75$728,216$250,113$162,273$407,623
76$766,638$226,513$131,854$401,727
77$807,850$200,626$99,285$395,112
78$852,100$172,306$64,461$387,761
79$899,662$141,397$27,268$379,659
80$950,835$107,734$0$370,796
81$1,005,950$71,142$0$363,814
82$1,065,367$31,439$0$362,442
83$1,129,485$0$0$360,884
84$1,198,739$0$0$365,542
85$1,273,610$0$0$389,325
86$1,354,624$0$0$415,109
87$1,442,362$0$0$443,084
88$1,537,460$0$0$473,460
89$1,640,619$0$0$506,468
90$1,752,611$0$0$542,361
91$1,874,282$0$0$581,418
92$2,006,565$0$0$623,947
93$2,150,485$0$0$670,285
94$2,307,172$0$0$720,805
95$2,477,867$0$0$775,915
96$2,663,937$0$0$836,067
97$2,866,886$0$0$901,756
98$3,088,369$0$0$973,528
99$3,330,209$0$0$1,051,985
100$3,594,412$0$0$1,137,787