Can I retire at age 63 with 380,000?

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 $380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$31,380$31,101$30,828$30,562$30,302$30,111
2 years$15,535$15,245$14,965$14,693$14,429$14,237
3 years$10,254$9,963$9,683$9,414$9,155$8,966
4 years$7,614$7,324$7,047$6,782$6,529$6,347
5 years$6,030$5,742$5,469$5,209$4,963$4,787
6 years$4,975$4,689$4,420$4,166$3,927$3,758
7 years$4,221$3,938$3,673$3,425$3,194$3,031
8 years$3,656$3,375$3,115$2,873$2,650$2,493
9 years$3,217$2,939$2,683$2,447$2,231$2,081
10 years$2,866$2,590$2,339$2,110$1,901$1,758
11 years$2,579$2,306$2,059$1,836$1,635$1,498
12 years$2,340$2,070$1,827$1,610$1,417$1,286
13 years$2,138$1,871$1,633$1,422$1,236$1,111
14 years$1,964$1,700$1,467$1,262$1,083$964
15 years$1,815$1,553$1,324$1,126$954$841
16 years$1,684$1,425$1,201$1,008$843$736
17 years$1,568$1,312$1,093$906$747$646
18 years$1,466$1,213$997$816$665$568
19 years$1,374$1,124$913$737$592$501
20 years$1,291$1,044$838$668$529$443
21 years$1,217$973$771$606$473$392
22 years$1,149$908$710$551$424$347
23 years$1,088$849$656$502$381$308
24 years$1,031$796$607$458$342$274
25 years$980$747$562$418$308$244
26 years$932$702$521$382$278$217
27 years$888$661$484$350$250$193
28 years$847$622$450$321$226$173
29 years$809$587$419$294$204$154
30 years$774$555$390$270$184$137
31 years$740$524$364$248$167$123
32 years$710$496$339$228$151$110
33 years$681$470$317$209$136$98
34 years$653$445$296$193$123$88
35 years$628$422$277$177$112$78
36 years$604$401$259$163$101$70
37 years$581$381$242$150$92$63
38 years$559$362$227$139$83$56
39 years$539$344$213$128$75$50
40 years$520$327$199$118$68$45
41 years$501$312$187$109$62$40
42 years$484$297$175$100$56$36
43 years$467$283$164$93$51$32
44 years$451$269$154$86$46$29
45 years$436$257$145$79$42$26
46 years$422$245$136$73$38$23
47 years$409$234$128$67$35$21
48 years$395$223$120$62$32$19
49 years$383$213$113$58$29$17
50 years$371$204$106$53$26$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $380,000, adding $6,704 every year, while hoping to spend $33,534 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: 55/27/18 Blend
62$380,000$380,000$380,000$380,000
63$425,675$405,535$399,645$446,686
64$433,414$389,726$377,353$445,962
65$440,819$372,019$353,191$441,025
66$447,819$352,285$327,060$434,905
67$454,337$330,388$298,857$427,497
68$460,287$306,185$268,476$418,689
69$465,572$279,523$235,805$408,359
70$470,083$250,242$200,728$396,373
71$473,700$218,173$163,121$382,589
72$476,290$183,136$122,858$366,850
73$477,704$144,941$79,806$348,989
74$477,776$103,390$33,825$328,822
75$476,322$58,270$0$306,152
76$473,140$9,358$0$283,692
77$468,003$0$0$265,403
78$460,659$0$0$257,509
79$450,831$0$0$250,869
80$438,212$0$0$242,516
81$422,458$0$0$232,241
82$403,194$0$0$219,815
83$380,001$0$0$204,984
84$352,416$0$0$187,466
85$319,928$0$0$166,952
86$281,970$0$0$143,096
87$237,917$0$0$115,520
88$187,076$0$0$83,802
89$128,684$0$0$47,479
90$61,896$0$0$6,037
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0