Can I retire at age 63 with 395,000?

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 $395,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$32,619$32,328$32,045$31,768$31,498$31,286
2 years$16,148$15,847$15,556$15,273$14,999$14,786
3 years$10,658$10,356$10,066$9,786$9,516$9,307
4 years$7,914$7,613$7,325$7,050$6,787$6,585
5 years$6,268$5,969$5,685$5,415$5,159$4,964
6 years$5,171$4,874$4,594$4,330$4,082$3,894
7 years$4,388$4,093$3,818$3,560$3,320$3,139
8 years$3,800$3,509$3,238$2,987$2,754$2,581
9 years$3,344$3,055$2,789$2,544$2,320$2,154
10 years$2,979$2,693$2,431$2,193$1,976$1,818
11 years$2,681$2,397$2,140$1,909$1,700$1,548
12 years$2,432$2,152$1,900$1,674$1,473$1,328
13 years$2,222$1,944$1,697$1,478$1,284$1,147
14 years$2,042$1,767$1,525$1,312$1,126$995
15 years$1,886$1,615$1,377$1,170$991$867
16 years$1,750$1,481$1,248$1,048$876$758
17 years$1,630$1,364$1,136$941$777$665
18 years$1,523$1,261$1,037$848$691$584
19 years$1,428$1,168$949$766$616$515
20 years$1,342$1,086$871$694$550$455
21 years$1,265$1,011$801$630$492$402
22 years$1,195$944$738$573$441$356
23 years$1,131$883$682$522$396$316
24 years$1,072$827$631$476$356$281
25 years$1,018$776$584$435$320$250
26 years$969$730$542$397$288$222
27 years$923$687$503$364$260$198
28 years$880$647$468$333$235$176
29 years$841$610$435$306$212$157
30 years$804$576$405$280$191$140
31 years$770$545$378$258$173$125
32 years$738$516$353$237$157$112
33 years$707$488$329$218$142$100
34 years$679$463$308$200$128$89
35 years$652$439$288$184$116$80
36 years$627$417$269$170$105$71
37 years$604$396$252$156$95$64
38 years$581$376$236$144$87$57
39 years$560$358$221$133$78$51
40 years$540$340$207$123$71$46
41 years$521$324$194$113$65$41
42 years$503$308$182$104$59$36
43 years$486$294$171$96$53$33
44 years$469$280$160$89$48$29
45 years$454$267$151$82$44$26
46 years$439$255$141$76$40$23
47 years$425$243$133$70$36$21
48 years$411$232$125$65$33$19
49 years$398$222$117$60$30$17
50 years$386$212$110$55$27$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $395,000, adding $4,351 every year, while hoping to spend $28,103 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: 74/6/20 Blend
62$395,000$395,000$395,000$395,000
63$439,778$418,843$412,721$469,920
64$454,734$409,465$396,645$481,130
65$470,274$398,686$379,090$489,575
66$486,427$386,406$359,974$498,106
67$503,225$372,523$339,216$506,726
68$520,704$356,926$316,730$515,438
69$538,898$339,498$292,423$524,245
70$557,849$320,117$266,202$533,153
71$577,598$298,651$237,968$542,167
72$598,191$274,963$207,619$551,296
73$619,678$248,908$175,045$560,548
74$642,111$220,330$140,135$569,933
75$665,548$189,068$102,771$579,464
76$690,051$154,949$62,831$589,155
77$715,686$117,792$20,186$599,023
78$742,527$77,404$0$609,088
79$770,651$33,584$0$624,775
80$800,144$0$0$645,656
81$831,098$0$0$668,396
82$863,614$0$0$694,618
83$897,801$0$0$722,193
84$933,776$0$0$751,217
85$971,670$0$0$781,795
86$1,011,622$0$0$814,042
87$1,053,786$0$0$848,082
88$1,098,329$0$0$884,051
89$1,145,432$0$0$922,096
90$1,195,294$0$0$962,381
91$1,248,133$0$0$1,005,080
92$1,304,185$0$0$1,050,388
93$1,363,710$0$0$1,098,515
94$1,426,991$0$0$1,149,693
95$1,494,338$0$0$1,204,173
96$1,566,092$0$0$1,262,232
97$1,642,623$0$0$1,324,173
98$1,724,340$0$0$1,390,327
99$1,811,688$0$0$1,461,058
100$1,905,156$0$0$1,536,766