Can I retire at age 62 with 367,000?

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 $367,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$30,307$30,037$29,773$29,516$29,265$28,804
2 years$15,003$14,724$14,453$14,190$13,936$13,472
3 years$9,903$9,622$9,352$9,092$8,841$8,390
4 years$7,353$7,073$6,806$6,550$6,306$5,870
5 years$5,824$5,546$5,282$5,031$4,794$4,375
6 years$4,804$4,528$4,268$4,024$3,793$3,392
7 years$4,077$3,803$3,547$3,308$3,085$2,701
8 years$3,531$3,260$3,008$2,775$2,559$2,193
9 years$3,107$2,838$2,591$2,364$2,155$1,806
10 years$2,768$2,502$2,259$2,037$1,836$1,504
11 years$2,491$2,227$1,989$1,773$1,579$1,264
12 years$2,260$1,999$1,765$1,555$1,369$1,069
13 years$2,064$1,807$1,577$1,373$1,193$910
14 years$1,897$1,642$1,417$1,219$1,046$778
15 years$1,752$1,500$1,279$1,087$921$668
16 years$1,626$1,376$1,160$973$814$575
17 years$1,514$1,267$1,055$875$722$497
18 years$1,415$1,171$963$788$642$430
19 years$1,327$1,085$882$712$572$373
20 years$1,247$1,009$809$645$511$324
21 years$1,175$940$744$585$457$282
22 years$1,110$877$686$532$410$246
23 years$1,051$820$634$485$368$214
24 years$996$769$586$442$331$187
25 years$946$721$543$404$298$163
26 years$900$678$503$369$268$143
27 years$857$638$467$338$242$125
28 years$818$601$434$310$218$109
29 years$781$567$404$284$197$96
30 years$747$536$377$261$178$84
31 years$715$506$351$239$161$74
32 years$685$479$328$220$145$65
33 years$657$454$306$202$132$57
34 years$631$430$286$186$119$50
35 years$606$408$267$171$108$44
36 years$583$387$250$158$98$38
37 years$561$368$234$145$89$34
38 years$540$349$219$134$80$29
39 years$520$332$205$124$73$26
40 years$502$316$192$114$66$23
41 years$484$301$180$105$60$20
42 years$467$287$169$97$54$18
43 years$451$273$159$90$49$15
44 years$436$260$149$83$45$14
45 years$422$248$140$76$41$12
46 years$408$237$131$71$37$10
47 years$395$226$123$65$34$9
48 years$382$216$116$60$30$8
49 years$370$206$109$56$28$7
50 years$358$197$103$51$25$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $367,000, adding $6,375 every year, while hoping to spend $20,048 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: 41/31/28 Blend
61$367,000$367,000$367,000$367,000
62$411,010$391,559$385,870$424,260
63$431,602$389,414$377,466$432,287
64$453,622$386,493$368,108$438,623
65$477,196$382,735$357,744$445,099
66$502,459$378,078$346,318$451,740
67$529,562$372,456$333,771$458,575
68$558,668$365,797$320,043$465,639
69$589,959$358,027$305,071$472,969
70$623,631$349,068$288,788$480,612
71$659,904$338,834$271,125$488,616
72$699,015$327,238$252,008$497,042
73$741,228$314,186$231,364$505,955
74$786,829$299,578$209,111$515,429
75$836,137$283,308$185,167$525,551
76$889,500$265,267$159,447$536,416
77$947,300$245,336$131,860$548,134
78$1,009,958$223,391$102,311$560,826
79$1,077,938$199,301$70,702$574,630
80$1,151,748$172,927$36,930$589,703
81$1,231,948$144,122$889$606,218
82$1,319,154$112,732$0$624,371
83$1,414,044$78,592$0$655,606
84$1,517,363$41,529$0$689,957
85$1,629,932$1,362$0$727,468
86$1,752,654$0$0$768,486
87$1,886,522$0$0$827,754
88$2,032,630$0$0$892,993
89$2,192,183$0$0$964,282
90$2,366,504$0$0$1,042,219
91$2,557,054$0$0$1,127,463
92$2,765,439$0$0$1,220,737
93$2,993,428$0$0$1,322,842
94$3,242,968$0$0$1,434,655
95$3,516,203$0$0$1,557,145
96$3,815,496$0$0$1,691,377
97$4,143,447$0$0$1,838,527
98$4,502,920$0$0$1,999,887
99$4,897,069$0$0$2,176,881
100$5,329,370$0$0$2,371,078