Can I retire at age 63 with 378,000?

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 $378,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$31,215$30,937$30,666$30,401$30,142$29,741
2 years$15,453$15,165$14,886$14,616$14,353$13,950
3 years$10,200$9,911$9,632$9,364$9,106$8,713
4 years$7,573$7,285$7,010$6,747$6,495$6,115
5 years$5,998$5,712$5,440$5,182$4,937$4,571
6 years$4,948$4,664$4,396$4,144$3,907$3,555
7 years$4,199$3,917$3,653$3,407$3,177$2,841
8 years$3,637$3,358$3,098$2,858$2,636$2,314
9 years$3,200$2,923$2,669$2,434$2,220$1,913
10 years$2,851$2,577$2,327$2,099$1,891$1,599
11 years$2,565$2,294$2,048$1,826$1,627$1,349
12 years$2,327$2,059$1,818$1,602$1,410$1,145
13 years$2,126$1,861$1,624$1,414$1,229$979
14 years$1,954$1,691$1,459$1,255$1,077$840
15 years$1,805$1,545$1,317$1,120$949$724
16 years$1,675$1,418$1,194$1,003$838$626
17 years$1,560$1,305$1,087$901$743$543
18 years$1,458$1,206$992$812$661$472
19 years$1,367$1,118$908$733$589$411
20 years$1,285$1,039$834$664$526$359
21 years$1,211$968$767$603$471$314
22 years$1,143$903$707$548$422$275
23 years$1,082$845$653$499$379$241
24 years$1,026$792$603$455$341$211
25 years$975$743$559$416$306$185
26 years$927$698$518$380$276$163
27 years$883$657$481$348$249$143
28 years$842$619$447$319$225$126
29 years$805$584$416$292$203$111
30 years$769$552$388$268$183$98
31 years$737$521$362$246$166$86
32 years$706$493$337$227$150$76
33 years$677$467$315$208$136$67
34 years$650$443$294$192$123$59
35 years$624$420$275$176$111$52
36 years$600$399$257$162$101$46
37 years$578$379$241$150$91$40
38 years$556$360$226$138$83$36
39 years$536$342$211$127$75$31
40 years$517$326$198$117$68$28
41 years$499$310$186$108$62$24
42 years$481$295$174$100$56$22
43 years$465$281$164$92$51$19
44 years$449$268$154$85$46$17
45 years$434$256$144$79$42$15
46 years$420$244$135$73$38$13
47 years$406$233$127$67$35$12
48 years$393$222$120$62$31$10
49 years$381$212$112$57$29$9
50 years$369$203$106$53$26$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $378,000, adding $2,976 every year, while hoping to spend $21,235 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: 33/50/17 Blend
62$378,000$378,000$378,000$378,000
63$419,626$399,592$393,733$431,168
64$439,834$396,578$384,329$436,922
65$461,391$392,705$373,898$440,943
66$484,413$387,907$362,384$444,823
67$509,027$382,118$349,727$448,562
68$535,369$375,264$335,865$452,161
69$563,593$367,268$320,733$455,624
70$593,865$358,049$304,262$458,957
71$626,367$347,521$286,383$462,168
72$661,300$335,593$267,020$465,270
73$698,884$322,169$246,097$468,279
74$739,361$307,146$223,532$471,215
75$782,995$290,416$199,240$474,102
76$830,080$271,866$173,134$476,972
77$880,935$251,373$145,120$479,862
78$935,911$228,812$115,103$482,816
79$995,397$204,047$82,982$485,885
80$1,059,817$176,934$48,651$489,132
81$1,129,639$147,324$12,001$492,629
82$1,205,376$115,058$0$496,458
83$1,287,595$79,966$0$505,634
84$1,376,918$41,873$0$517,993
85$1,474,028$589$0$531,507
86$1,579,678$0$0$546,345
87$1,694,697$0$0$586,953
88$1,819,994$0$0$631,594
89$1,956,575$0$0$680,310
90$2,105,541$0$0$733,499
91$2,268,107$0$0$791,604
92$2,445,611$0$0$855,108
93$2,639,524$0$0$924,548
94$2,851,467$0$0$1,000,509
95$3,083,223$0$0$1,083,642
96$3,336,758$0$0$1,174,657
97$3,614,232$0$0$1,274,342
98$3,918,029$0$0$1,383,560
99$4,250,770$0$0$1,503,265
100$4,615,343$0$0$1,634,505