Can I retire at age 62 with 327,000?

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 $327,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$27,003$26,763$26,528$26,299$26,075$25,622
2 years$13,368$13,119$12,878$12,644$12,417$11,962
3 years$8,823$8,573$8,333$8,101$7,878$7,435
4 years$6,552$6,302$6,064$5,836$5,618$5,191
5 years$5,189$4,941$4,706$4,483$4,271$3,861
6 years$4,281$4,035$3,803$3,585$3,380$2,987
7 years$3,632$3,388$3,160$2,947$2,748$2,373
8 years$3,146$2,905$2,680$2,473$2,280$1,922
9 years$2,768$2,529$2,309$2,106$1,920$1,579
10 years$2,466$2,229$2,013$1,815$1,636$1,312
11 years$2,219$1,984$1,772$1,580$1,407$1,100
12 years$2,013$1,781$1,573$1,386$1,219$928
13 years$1,839$1,610$1,405$1,223$1,063$788
14 years$1,690$1,463$1,262$1,086$932$672
15 years$1,561$1,337$1,140$969$821$575
16 years$1,449$1,226$1,033$867$725$494
17 years$1,349$1,129$940$779$643$425
18 years$1,261$1,044$858$702$572$367
19 years$1,182$967$786$635$510$317
20 years$1,111$899$721$575$455$275
21 years$1,047$837$663$522$407$239
22 years$989$781$611$474$365$207
23 years$936$731$564$432$328$180
24 years$888$685$522$394$295$157
25 years$843$643$484$360$265$137
26 years$802$604$448$329$239$119
27 years$764$568$416$301$215$104
28 years$729$536$387$276$194$91
29 years$696$505$360$253$175$79
30 years$666$477$336$232$159$69
31 years$637$451$313$213$143$60
32 years$611$427$292$196$130$53
33 years$586$404$273$180$117$46
34 years$562$383$255$166$106$40
35 years$540$363$238$153$96$35
36 years$519$345$223$141$87$31
37 years$500$328$208$130$79$27
38 years$481$311$195$119$72$24
39 years$464$296$183$110$65$21
40 years$447$282$171$102$59$18
41 years$431$268$161$94$53$16
42 years$416$255$151$86$49$14
43 years$402$243$141$80$44$12
44 years$389$232$133$74$40$11
45 years$376$221$125$68$36$9
46 years$363$211$117$63$33$8
47 years$352$201$110$58$30$7
48 years$340$192$103$54$27$6
49 years$330$184$97$50$25$5
50 years$319$175$91$46$22$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $327,000, adding $6,032 every year, while hoping to spend $25,170 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: 73/20/7 Blend
61$327,000$327,000$327,000$327,000
62$366,576$349,245$344,177$392,528
63$377,186$339,577$328,926$400,790
64$388,035$328,592$312,320$406,084
65$399,120$316,199$294,289$411,173
66$410,438$302,301$274,755$416,026
67$421,985$286,796$253,642$420,615
68$433,755$269,576$230,866$424,906
69$445,739$250,527$206,342$428,862
70$457,931$229,529$179,980$432,445
71$470,318$206,453$151,687$435,612
72$482,887$181,166$121,366$438,318
73$495,622$153,525$88,913$440,513
74$508,507$123,378$54,222$442,143
75$521,519$90,568$17,183$443,151
76$534,635$54,927$0$443,472
77$547,825$16,276$0$444,708
78$561,059$0$0$446,593
79$574,300$0$0$453,400
80$587,505$0$0$463,752
81$600,629$0$0$474,030
82$613,616$0$0$484,190
83$626,408$0$0$494,182
84$638,935$0$0$503,954
85$651,123$0$0$513,442
86$662,884$0$0$522,577
87$674,124$0$0$531,282
88$684,734$0$0$539,470
89$694,595$0$0$547,045
90$703,572$0$0$553,897
91$711,516$0$0$559,906
92$718,259$0$0$564,938
93$723,617$0$0$568,843
94$727,383$0$0$571,454
95$729,326$0$0$572,586
96$729,191$0$0$572,032
97$726,695$0$0$569,566
98$721,524$0$0$564,932
99$713,326$0$0$557,849
100$701,717$0$0$548,005