Can I retire at age 63 with 387,000?

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 $387,000?

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$31,958$31,673$31,396$31,125$30,860$30,550
2 years$15,821$15,526$15,241$14,964$14,695$14,383
3 years$10,442$10,147$9,862$9,587$9,323$9,019
4 years$7,754$7,459$7,177$6,907$6,649$6,355
5 years$6,141$5,848$5,569$5,305$5,055$4,771
6 years$5,066$4,775$4,501$4,243$4,000$3,727
7 years$4,299$4,010$3,740$3,488$3,253$2,991
8 years$3,723$3,437$3,172$2,926$2,699$2,448
9 years$3,276$2,993$2,732$2,492$2,273$2,033
10 years$2,919$2,638$2,382$2,149$1,936$1,708
11 years$2,626$2,349$2,097$1,870$1,665$1,447
12 years$2,383$2,108$1,861$1,640$1,443$1,235
13 years$2,177$1,905$1,663$1,448$1,258$1,061
14 years$2,001$1,732$1,494$1,285$1,103$916
15 years$1,848$1,582$1,349$1,146$971$793
16 years$1,715$1,451$1,223$1,026$858$690
17 years$1,597$1,337$1,113$922$761$602
18 years$1,493$1,235$1,016$831$677$526
19 years$1,399$1,145$930$751$603$461
20 years$1,315$1,064$853$680$539$405
21 years$1,239$991$785$617$482$356
22 years$1,171$925$724$561$432$313
23 years$1,108$865$668$511$388$276
24 years$1,050$810$618$466$349$244
25 years$998$761$572$426$314$215
26 years$949$715$531$389$283$190
27 years$904$673$493$356$255$169
28 years$863$634$458$326$230$149
29 years$824$598$426$299$208$132
30 years$788$565$397$275$188$117
31 years$754$534$370$252$170$104
32 years$723$505$345$232$153$92
33 years$693$478$323$213$139$82
34 years$665$453$301$196$126$73
35 years$639$430$282$181$114$64
36 years$615$408$264$166$103$57
37 years$591$388$247$153$94$51
38 years$570$368$231$141$85$45
39 years$549$350$216$130$77$40
40 years$529$333$203$120$70$36
41 years$510$317$190$111$63$32
42 years$493$302$178$102$57$28
43 years$476$288$167$94$52$25
44 years$460$274$157$87$47$22
45 years$445$262$148$81$43$20
46 years$430$250$139$74$39$18
47 years$416$238$130$69$35$16
48 years$403$227$122$64$32$14
49 years$390$217$115$59$29$12
50 years$378$207$108$54$27$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $387,000, adding $4,904 every year, while hoping to spend $27,065 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: 42/40/18 Blend
62$387,000$387,000$387,000$387,000
63$431,532$411,021$405,023$447,195
64$446,752$402,365$389,794$450,092
65$462,616$392,376$373,148$450,209
66$479,164$380,963$355,009$449,768
67$496,433$368,025$335,297$448,732
68$514,469$353,458$313,929$447,060
69$533,318$337,150$290,818$444,712
70$553,029$318,984$265,874$441,645
71$573,659$298,835$239,002$437,815
72$595,266$276,572$210,102$433,175
73$617,915$252,055$179,071$427,677
74$641,674$225,138$145,802$421,272
75$666,620$195,664$110,182$413,909
76$692,834$163,471$72,092$405,536
77$720,406$128,384$31,410$396,097
78$749,433$90,220$0$385,537
79$780,020$48,786$0$376,105
80$812,283$3,878$0$372,024
81$846,347$0$0$367,222
82$882,348$0$0$381,353
83$920,436$0$0$398,130
84$960,774$0$0$415,922
85$1,003,540$0$0$434,809
86$1,048,928$0$0$454,882
87$1,097,151$0$0$476,238
88$1,148,442$0$0$498,983
89$1,203,054$0$0$523,234
90$1,261,268$0$0$549,119
91$1,323,388$0$0$576,780
92$1,389,748$0$0$606,368
93$1,460,715$0$0$638,053
94$1,536,691$0$0$672,020
95$1,618,116$0$0$708,472
96$1,705,475$0$0$747,630
97$1,799,296$0$0$789,740
98$1,900,164$0$0$835,070
99$2,008,716$0$0$883,913
100$2,125,654$0$0$936,594