Can I retire at age 63 with 353,000?

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 $353,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$29,150$28,891$28,637$28,390$28,149$27,855
2 years$14,431$14,162$13,902$13,649$13,404$13,108
3 years$9,525$9,255$8,995$8,745$8,504$8,215
4 years$7,073$6,803$6,546$6,300$6,065$5,786
5 years$5,601$5,334$5,080$4,839$4,611$4,341
6 years$4,621$4,356$4,106$3,870$3,648$3,389
7 years$3,921$3,658$3,412$3,182$2,967$2,719
8 years$3,396$3,135$2,893$2,669$2,461$2,224
9 years$2,988$2,730$2,492$2,273$2,073$1,846
10 years$2,662$2,406$2,173$1,960$1,766$1,549
11 years$2,396$2,142$1,913$1,706$1,519$1,312
12 years$2,173$1,923$1,698$1,496$1,316$1,120
13 years$1,986$1,738$1,517$1,321$1,148$961
14 years$1,825$1,579$1,363$1,172$1,006$829
15 years$1,686$1,443$1,230$1,046$886$718
16 years$1,564$1,324$1,115$936$783$624
17 years$1,457$1,219$1,015$841$694$544
18 years$1,361$1,127$927$758$617$475
19 years$1,276$1,044$848$685$550$416
20 years$1,200$970$778$620$491$365
21 years$1,131$904$716$563$440$321
22 years$1,068$844$660$512$394$282
23 years$1,011$789$609$466$354$248
24 years$958$739$564$425$318$219
25 years$910$694$522$388$286$193
26 years$866$652$484$355$258$171
27 years$825$614$450$325$232$151
28 years$787$578$418$298$210$134
29 years$751$545$389$273$189$118
30 years$719$515$362$251$171$105
31 years$688$487$338$230$155$93
32 years$659$461$315$212$140$82
33 years$632$436$294$195$127$73
34 years$607$414$275$179$115$65
35 years$583$392$257$165$104$57
36 years$561$372$240$152$94$51
37 years$539$354$225$140$85$45
38 years$519$336$211$129$77$40
39 years$501$320$197$119$70$36
40 years$483$304$185$110$64$32
41 years$466$289$174$101$58$28
42 years$449$276$163$93$52$25
43 years$434$263$153$86$48$22
44 years$419$250$143$80$43$20
45 years$405$239$135$73$39$17
46 years$392$228$126$68$36$16
47 years$379$217$119$63$32$14
48 years$367$207$112$58$29$12
49 years$356$198$105$54$27$11
50 years$345$189$99$49$24$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $353,000, adding $5,462 every year, while hoping to spend $20,950 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: 63/14/23 Blend
62$353,000$353,000$353,000$353,000
63$394,640$375,931$370,460$416,808
64$412,603$372,061$360,579$428,563
65$431,695$367,299$349,666$438,580
66$452,011$361,580$337,663$449,049
67$473,652$354,833$324,510$460,015
68$496,730$346,985$310,147$471,531
69$521,367$337,958$294,507$483,654
70$547,697$327,668$277,523$496,450
71$575,866$316,028$259,125$509,991
72$606,037$302,946$239,238$524,358
73$638,385$288,323$217,785$539,639
74$673,104$272,055$194,684$555,937
75$710,408$254,032$169,853$573,361
76$750,528$234,139$143,202$592,036
77$793,722$212,252$114,640$612,101
78$840,272$188,241$84,069$633,708
79$890,485$161,971$51,391$657,029
80$944,702$133,295$16,500$682,252
81$1,003,295$102,060$0$709,590
82$1,066,676$68,106$0$744,363
83$1,135,294$31,260$0$786,396
84$1,209,646$0$0$831,952
85$1,290,276$0$0$882,715
86$1,377,783$0$0$943,056
87$1,472,827$0$0$1,008,617
88$1,576,133$0$0$1,079,900
89$1,688,498$0$0$1,157,458
90$1,810,799$0$0$1,241,901
91$1,944,002$0$0$1,333,898
92$2,089,170$0$0$1,434,186
93$2,247,472$0$0$1,543,577
94$2,420,194$0$0$1,662,964
95$2,608,754$0$0$1,793,329
96$2,814,710$0$0$1,935,755
97$3,039,780$0$0$2,091,432
98$3,285,853$0$0$2,261,673
99$3,555,009$0$0$2,447,922
100$3,849,541$0$0$2,651,768