Can I retire at age 62 with 333,000?

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 $333,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$27,499$27,254$27,015$26,782$26,554$25,714
2 years$13,613$13,360$13,114$12,876$12,645$11,806
3 years$8,985$8,731$8,486$8,250$8,022$7,212
4 years$6,672$6,418$6,175$5,943$5,722$4,945
5 years$5,284$5,032$4,792$4,565$4,349$3,608
6 years$4,359$4,109$3,873$3,651$3,442$2,737
7 years$3,699$3,451$3,218$3,001$2,799$2,131
8 years$3,204$2,958$2,729$2,518$2,322$1,690
9 years$2,819$2,575$2,351$2,145$1,955$1,359
10 years$2,511$2,270$2,050$1,849$1,666$1,104
11 years$2,260$2,021$1,804$1,609$1,433$904
12 years$2,050$1,814$1,601$1,411$1,242$745
13 years$1,873$1,639$1,431$1,246$1,083$618
14 years$1,721$1,490$1,286$1,106$949$514
15 years$1,590$1,361$1,161$986$836$429
16 years$1,475$1,249$1,052$883$739$359
17 years$1,374$1,150$958$794$655$301
18 years$1,284$1,063$874$715$582$253
19 years$1,204$985$800$646$519$213
20 years$1,132$915$734$585$464$180
21 years$1,067$853$675$531$415$152
22 years$1,007$796$623$483$372$128
23 years$953$744$575$440$334$108
24 years$904$697$532$401$300$92
25 years$859$654$492$366$270$77
26 years$817$615$457$335$243$66
27 years$778$579$424$307$219$56
28 years$742$545$394$281$198$47
29 years$709$515$367$258$179$40
30 years$678$486$342$236$161$34
31 years$649$459$319$217$146$29
32 years$622$435$297$200$132$24
33 years$596$412$278$183$119$21
34 years$572$390$259$169$108$18
35 years$550$370$242$155$98$15
36 years$529$351$227$143$89$13
37 years$509$334$212$132$80$11
38 years$490$317$199$122$73$9
39 years$472$301$186$112$66$8
40 years$455$287$175$103$60$7
41 years$439$273$164$95$54$6
42 years$424$260$154$88$49$5
43 years$409$248$144$81$45$4
44 years$396$236$135$75$41$3
45 years$382$225$127$69$37$3
46 years$370$215$119$64$34$2
47 years$358$205$112$59$30$2
48 years$347$196$105$55$28$2
49 years$336$187$99$50$25$1
50 years$325$179$93$47$23$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $333,000, adding $6,390 every year, while hoping to spend $28,625 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: 80/14/6 Blend
61$333,000$333,000$333,000$333,000
62$373,557$355,908$350,747$402,750
63$381,203$342,891$332,040$409,771
64$388,670$328,277$311,747$413,036
65$395,908$311,956$289,785$415,748
66$402,865$293,816$266,066$417,838
67$409,477$273,733$240,500$419,228
68$415,678$251,580$212,991$419,834
69$421,392$227,222$183,440$419,563
70$426,532$200,514$151,744$418,311
71$431,005$171,306$117,794$415,968
72$434,704$139,437$81,477$412,408
73$437,513$104,738$42,675$407,497
74$439,299$67,030$1,265$401,085
75$439,919$26,126$0$393,008
76$439,210$0$0$385,835
77$436,992$0$0$379,685
78$433,067$0$0$376,050
79$427,215$0$0$370,710
80$419,189$0$0$363,448
81$408,720$0$0$354,025
82$395,506$0$0$342,177
83$379,215$0$0$327,610
84$359,478$0$0$309,999
85$335,888$0$0$288,984
86$307,993$0$0$264,168
87$275,295$0$0$235,109
88$237,243$0$0$201,323
89$193,226$0$0$162,272
90$142,571$0$0$117,359
91$84,532$0$0$65,930
92$18,287$0$0$7,258
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0