Can I retire at age 63 with 310,000?

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 $310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$25,600$25,371$25,149$24,932$24,720$24,260
2 years$12,673$12,437$12,208$11,986$11,771$11,310
3 years$8,365$8,128$7,900$7,680$7,468$7,020
4 years$6,211$5,975$5,749$5,533$5,326$4,894
5 years$4,919$4,684$4,461$4,250$4,049$3,634
6 years$4,058$3,825$3,605$3,399$3,204$2,807
7 years$3,443$3,212$2,996$2,794$2,606$2,226
8 years$2,983$2,754$2,541$2,344$2,162$1,800
9 years$2,624$2,397$2,189$1,997$1,820$1,476
10 years$2,338$2,113$1,908$1,721$1,551$1,224
11 years$2,104$1,881$1,680$1,498$1,334$1,024
12 years$1,909$1,689$1,491$1,314$1,156$863
13 years$1,744$1,526$1,332$1,160$1,008$731
14 years$1,603$1,387$1,197$1,030$884$622
15 years$1,480$1,267$1,080$918$778$531
16 years$1,373$1,163$980$822$688$455
17 years$1,279$1,071$891$739$610$391
18 years$1,196$989$814$666$542$337
19 years$1,121$917$745$602$483$291
20 years$1,054$852$684$545$432$251
21 years$993$794$629$494$386$217
22 years$938$741$580$450$346$188
23 years$887$693$535$409$311$163
24 years$841$649$495$373$279$142
25 years$799$609$458$341$251$123
26 years$760$573$425$312$226$107
27 years$724$539$395$285$204$93
28 years$691$508$367$262$184$81
29 years$660$479$342$240$166$71
30 years$631$452$318$220$150$62
31 years$604$428$297$202$136$54
32 years$579$405$277$186$123$47
33 years$555$383$258$171$111$41
34 years$533$363$241$157$101$36
35 years$512$344$226$145$91$31
36 years$492$327$211$133$83$27
37 years$474$311$198$123$75$24
38 years$456$295$185$113$68$21
39 years$440$281$173$104$62$18
40 years$424$267$163$96$56$16
41 years$409$254$152$89$51$14
42 years$395$242$143$82$46$12
43 years$381$231$134$76$42$10
44 years$368$220$126$70$38$9
45 years$356$210$118$65$34$8
46 years$344$200$111$60$31$7
47 years$333$191$104$55$28$6
48 years$323$182$98$51$26$5
49 years$312$174$92$47$23$5
50 years$303$166$87$43$21$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $310,000, adding $6,662 every year, while hoping to spend $24,512 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: 32/48/20 Blend
62$310,000$310,000$310,000$310,000
63$348,492$332,062$327,257$357,304
64$357,957$322,252$312,139$354,649
65$367,567$311,141$295,694$349,095
66$377,309$298,637$277,850$342,600
67$387,171$284,646$258,534$335,096
68$397,137$269,069$237,670$326,510
69$407,190$251,798$215,177$316,768
70$417,309$232,721$190,970$305,788
71$427,470$211,720$164,964$293,483
72$437,647$188,670$137,065$279,763
73$447,809$163,437$107,179$264,530
74$457,922$135,881$75,205$247,681
75$467,946$105,855$41,041$229,106
76$477,836$73,202$4,576$208,687
77$487,544$37,758$0$186,302
78$497,012$0$0$169,146
79$506,178$0$0$151,614
80$514,971$0$0$153,868
81$523,311$0$0$155,935
82$531,109$0$0$157,785
83$538,268$0$0$159,379
84$544,676$0$0$160,680
85$550,210$0$0$161,643
86$554,732$0$0$162,218
87$558,091$0$0$162,350
88$560,115$0$0$161,978
89$560,617$0$0$161,036
90$559,385$0$0$159,447
91$556,189$0$0$157,128
92$550,768$0$0$153,988
93$542,836$0$0$149,924
94$532,076$0$0$144,822
95$518,135$0$0$138,557
96$500,624$0$0$130,991
97$479,110$0$0$121,970
98$453,116$0$0$111,323
99$422,112$0$0$98,863
100$385,513$0$0$84,382