Can I retire at age 63 with 396,000?

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 $396,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$32,701$32,410$32,126$31,848$31,578$30,628
2 years$16,189$15,887$15,595$15,312$15,037$14,088
3 years$10,685$10,383$10,091$9,810$9,540$8,622
4 years$7,934$7,632$7,344$7,068$6,804$5,924
5 years$6,284$5,984$5,699$5,429$5,172$4,332
6 years$5,184$4,886$4,606$4,341$4,093$3,293
7 years$4,399$4,103$3,827$3,569$3,328$2,570
8 years$3,810$3,517$3,246$2,994$2,761$2,043
9 years$3,352$3,063$2,796$2,550$2,325$1,647
10 years$2,986$2,699$2,437$2,198$1,981$1,341
11 years$2,687$2,403$2,146$1,913$1,704$1,101
12 years$2,438$2,157$1,904$1,678$1,477$910
13 years$2,228$1,949$1,701$1,482$1,288$756
14 years$2,047$1,772$1,529$1,315$1,129$631
15 years$1,891$1,619$1,380$1,173$994$528
16 years$1,754$1,485$1,251$1,050$878$443
17 years$1,634$1,368$1,139$944$779$373
18 years$1,527$1,264$1,039$850$693$314
19 years$1,432$1,171$952$768$617$266
20 years$1,346$1,088$873$696$551$225
21 years$1,268$1,014$803$632$493$190
22 years$1,198$946$740$574$442$161
23 years$1,134$885$684$523$397$137
24 years$1,075$829$632$477$357$116
25 years$1,021$778$586$436$321$98
26 years$971$731$543$398$289$84
27 years$925$688$504$365$261$71
28 years$883$649$469$334$235$60
29 years$843$612$436$306$212$51
30 years$806$578$406$281$192$44
31 years$772$546$379$258$174$37
32 years$739$517$353$237$157$32
33 years$709$490$330$218$142$27
34 years$681$464$308$201$129$23
35 years$654$440$288$185$117$19
36 years$629$418$270$170$106$17
37 years$605$397$252$157$96$14
38 years$583$377$236$145$87$12
39 years$562$358$221$133$79$10
40 years$541$341$208$123$71$9
41 years$522$325$195$113$65$7
42 years$504$309$183$105$59$6
43 years$487$295$171$97$53$5
44 years$471$281$161$89$48$5
45 years$455$268$151$82$44$4
46 years$440$255$142$76$40$3
47 years$426$244$133$70$36$3
48 years$412$233$125$65$33$2
49 years$399$222$118$60$30$2
50 years$387$212$111$56$27$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $396,000, adding $3,293 every year, while hoping to spend $29,365 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: 49/43/8 Blend
62$396,000$396,000$396,000$396,000
63$439,789$418,801$412,663$460,254
64$453,403$408,078$395,243$463,883
65$467,422$395,845$376,255$464,437
66$481,855$381,998$355,616$464,354
67$496,714$366,425$333,239$463,580
68$512,008$349,009$309,031$462,060
69$527,748$329,626$282,899$459,738
70$543,944$308,143$254,742$456,550
71$560,606$284,423$224,456$452,431
72$577,745$258,317$191,932$447,311
73$595,371$229,670$157,058$441,117
74$613,494$198,319$119,715$433,770
75$632,124$164,090$79,778$425,186
76$651,269$126,799$37,119$415,278
77$670,939$86,252$0$403,953
78$691,142$42,246$0$391,827
79$711,887$0$0$381,508
80$733,181$0$0$372,295
81$755,030$0$0$383,350
82$777,440$0$0$394,684
83$800,417$0$0$406,299
84$823,962$0$0$418,197
85$848,079$0$0$430,378
86$872,769$0$0$442,842
87$898,029$0$0$455,586
88$923,858$0$0$468,609
89$950,249$0$0$481,907
90$977,196$0$0$495,474
91$1,004,686$0$0$509,305
92$1,032,707$0$0$523,389
93$1,061,240$0$0$537,718
94$1,090,265$0$0$552,278
95$1,119,755$0$0$567,053
96$1,149,678$0$0$582,027
97$1,179,999$0$0$597,178
98$1,210,673$0$0$612,482
99$1,241,651$0$0$627,910
100$1,272,875$0$0$643,430