Can I retire at age 63 with 383,000?

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 $383,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$31,628$31,346$31,071$30,803$30,541$30,235
2 years$15,657$15,366$15,083$14,809$14,543$14,235
3 years$10,335$10,042$9,760$9,488$9,227$8,926
4 years$7,674$7,382$7,103$6,836$6,581$6,289
5 years$6,078$5,787$5,512$5,251$5,003$4,722
6 years$5,014$4,726$4,454$4,199$3,958$3,688
7 years$4,254$3,969$3,702$3,452$3,219$2,960
8 years$3,685$3,402$3,139$2,896$2,671$2,423
9 years$3,242$2,962$2,704$2,467$2,249$2,012
10 years$2,888$2,611$2,357$2,126$1,916$1,690
11 years$2,599$2,324$2,075$1,851$1,648$1,432
12 years$2,358$2,086$1,842$1,623$1,428$1,223
13 years$2,154$1,885$1,646$1,433$1,245$1,050
14 years$1,980$1,714$1,479$1,272$1,092$906
15 years$1,829$1,565$1,335$1,134$961$785
16 years$1,697$1,436$1,210$1,016$850$683
17 years$1,580$1,323$1,101$913$753$596
18 years$1,477$1,222$1,005$823$670$521
19 years$1,385$1,133$920$743$597$456
20 years$1,302$1,053$845$673$533$401
21 years$1,227$981$777$611$477$352
22 years$1,159$915$716$555$428$310
23 years$1,096$856$661$506$384$273
24 years$1,040$802$611$461$345$241
25 years$987$753$566$421$311$213
26 years$939$707$525$385$280$188
27 years$895$666$488$353$252$167
28 years$854$627$453$323$228$148
29 years$815$592$422$296$205$131
30 years$780$559$393$272$186$116
31 years$746$528$366$250$168$103
32 years$715$500$342$230$152$91
33 years$686$473$319$211$137$81
34 years$658$449$298$194$124$72
35 years$633$426$279$179$113$64
36 years$608$404$261$165$102$57
37 years$585$384$244$152$93$50
38 years$564$365$229$140$84$45
39 years$543$347$214$129$76$40
40 years$524$330$201$119$69$35
41 years$505$314$188$110$63$31
42 years$488$299$177$101$57$28
43 years$471$285$166$93$52$25
44 years$455$272$156$86$47$22
45 years$440$259$146$80$42$20
46 years$426$247$137$74$39$17
47 years$412$236$129$68$35$15
48 years$399$225$121$63$32$14
49 years$386$215$114$58$29$12
50 years$374$205$107$54$26$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $383,000, adding $4,018 every year, while hoping to spend $22,231 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: 47/40/13 Blend
62$383,000$383,000$383,000$383,000
63$426,211$405,912$399,975$444,513
64$446,030$402,148$389,721$453,820
65$467,127$397,454$378,378$461,306
66$489,607$391,762$365,886$468,938
67$513,586$384,998$352,183$476,736
68$539,194$377,086$337,203$484,726
69$566,571$367,942$320,879$492,935
70$595,870$357,479$303,137$501,399
71$627,260$345,607$283,903$510,156
72$660,926$332,227$263,099$519,251
73$697,071$317,237$240,643$528,733
74$735,917$300,527$216,450$538,662
75$777,710$281,982$190,431$549,105
76$822,718$261,481$162,492$560,135
77$871,236$238,894$132,536$571,840
78$923,588$214,085$100,461$584,316
79$980,129$186,911$66,162$597,673
80$1,041,251$157,218$29,527$612,034
81$1,107,383$124,847$0$627,541
82$1,178,999$89,627$0$645,676
83$1,256,617$51,379$0$669,747
84$1,340,809$9,914$0$695,871
85$1,432,204$0$0$724,289
86$1,531,491$0$0$770,661
87$1,639,432$0$0$825,858
88$1,756,862$0$0$885,946
89$1,884,702$0$0$951,404
90$2,023,963$0$0$1,022,753
91$2,175,760$0$0$1,100,570
92$2,341,319$0$0$1,185,490
93$2,521,990$0$0$1,278,210
94$2,719,257$0$0$1,379,500
95$2,934,756$0$0$1,490,205
96$3,170,288$0$0$1,611,257
97$3,427,834$0$0$1,743,681
98$3,709,576$0$0$1,888,607
99$4,017,916$0$0$2,047,278
100$4,355,502$0$0$2,221,064