Can I retire at age 62 with 375,000?

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 $375,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$30,967$30,691$30,422$30,160$29,903$29,628
2 years$15,330$15,045$14,768$14,500$14,240$13,962
3 years$10,119$9,832$9,556$9,290$9,034$8,763
4 years$7,513$7,227$6,954$6,693$6,443$6,181
5 years$5,951$5,666$5,397$5,141$4,898$4,645
6 years$4,909$4,627$4,361$4,111$3,876$3,633
7 years$4,165$3,886$3,624$3,380$3,152$2,919
8 years$3,608$3,331$3,074$2,835$2,615$2,391
9 years$3,175$2,900$2,647$2,415$2,202$1,988
10 years$2,828$2,556$2,308$2,082$1,876$1,672
11 years$2,545$2,276$2,032$1,812$1,614$1,419
12 years$2,309$2,043$1,803$1,589$1,398$1,213
13 years$2,109$1,846$1,611$1,403$1,219$1,043
14 years$1,939$1,678$1,448$1,245$1,069$901
15 years$1,791$1,533$1,307$1,111$941$782
16 years$1,661$1,406$1,185$995$832$681
17 years$1,547$1,295$1,078$894$738$595
18 years$1,446$1,197$984$805$656$521
19 years$1,356$1,109$901$728$585$457
20 years$1,275$1,031$827$659$522$402
21 years$1,201$960$761$598$467$354
22 years$1,134$896$701$544$419$312
23 years$1,074$838$647$495$376$276
24 years$1,018$785$599$452$338$244
25 years$967$737$554$413$304$215
26 years$920$693$514$377$274$191
27 years$876$652$478$345$247$169
28 years$836$614$444$316$223$150
29 years$798$579$413$290$201$133
30 years$763$547$385$266$182$118
31 years$731$517$359$245$164$105
32 years$700$489$335$225$149$93
33 years$672$464$313$207$135$83
34 years$645$439$292$190$122$74
35 years$619$417$273$175$110$65
36 years$596$396$255$161$100$58
37 years$573$376$239$149$91$52
38 years$552$357$224$137$82$46
39 years$532$339$210$126$74$41
40 years$513$323$197$116$68$37
41 years$495$307$184$107$61$33
42 years$477$293$173$99$56$29
43 years$461$279$162$92$50$26
44 years$446$266$152$84$46$23
45 years$431$254$143$78$42$20
46 years$417$242$134$72$38$18
47 years$403$231$126$67$34$16
48 years$390$220$119$62$31$14
49 years$378$210$111$57$28$13
50 years$366$201$105$53$26$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $375,000, adding $3,056 every year, while hoping to spend $26,480 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: 64/8/28 Blend
61$375,000$375,000$375,000$375,000
62$416,402$396,527$390,715$439,774
63$430,701$387,783$375,629$447,221
64$445,570$377,722$359,151$452,165
65$461,041$366,253$341,205$456,992
66$477,145$353,277$321,713$461,695
67$493,918$338,692$300,595$466,266
68$511,398$322,388$277,764$470,698
69$529,623$304,248$253,133$474,983
70$548,639$284,150$226,607$479,116
71$568,492$261,965$198,090$483,090
72$589,232$237,555$167,480$486,901
73$610,914$210,776$134,671$490,544
74$633,598$181,475$99,553$494,016
75$657,347$149,489$62,010$497,316
76$682,231$114,649$21,922$500,442
77$708,325$76,773$0$503,398
78$735,710$35,671$0$512,418
79$764,476$0$0$528,671
80$794,718$0$0$546,430
81$826,541$0$0$568,431
82$860,059$0$0$591,614
83$895,396$0$0$616,065
84$932,687$0$0$641,879
85$972,079$0$0$669,160
86$1,013,734$0$0$698,021
87$1,057,826$0$0$728,584
88$1,104,547$0$0$760,985
89$1,154,107$0$0$795,371
90$1,206,734$0$0$831,902
91$1,262,679$0$0$870,754
92$1,322,215$0$0$912,121
93$1,385,643$0$0$956,212
94$1,453,289$0$0$1,003,258
95$1,525,515$0$0$1,053,513
96$1,602,713$0$0$1,107,254
97$1,685,315$0$0$1,164,784
98$1,773,795$0$0$1,226,436
99$1,868,673$0$0$1,292,577
100$1,970,517$0$0$1,363,607