Can I retire at age 62 with 381,000?

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 $381,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$31,463$31,182$30,909$30,642$30,381$29,635
2 years$15,576$15,285$15,004$14,732$14,467$13,720
3 years$10,281$9,989$9,709$9,439$9,179$8,454
4 years$7,634$7,343$7,066$6,800$6,546$5,849
5 years$6,046$5,757$5,483$5,223$4,976$4,309
6 years$4,988$4,701$4,431$4,177$3,938$3,301
7 years$4,232$3,948$3,682$3,434$3,202$2,596
8 years$3,666$3,384$3,123$2,881$2,657$2,081
9 years$3,225$2,947$2,690$2,454$2,237$1,692
10 years$2,873$2,597$2,345$2,115$1,906$1,390
11 years$2,586$2,312$2,064$1,841$1,639$1,152
12 years$2,346$2,075$1,832$1,615$1,421$961
13 years$2,143$1,875$1,637$1,426$1,239$806
14 years$1,970$1,705$1,471$1,265$1,086$679
15 years$1,819$1,557$1,328$1,129$956$574
16 years$1,688$1,429$1,204$1,010$845$486
17 years$1,572$1,316$1,096$908$749$413
18 years$1,469$1,216$1,000$818$666$352
19 years$1,377$1,127$916$739$594$301
20 years$1,295$1,047$840$670$530$257
21 years$1,220$975$773$608$475$220
22 years$1,153$910$712$553$425$188
23 years$1,091$852$658$503$382$161
24 years$1,034$798$608$459$343$138
25 years$982$749$563$419$309$119
26 years$934$704$522$383$278$102
27 years$890$662$485$351$251$88
28 years$849$624$451$321$226$76
29 years$811$589$420$295$204$65
30 years$776$556$391$270$185$56
31 years$742$526$364$248$167$48
32 years$711$497$340$228$151$41
33 years$682$471$318$210$137$36
34 years$655$446$297$193$124$31
35 years$629$423$277$178$112$26
36 years$605$402$259$164$102$23
37 years$582$382$243$151$92$20
38 years$561$363$227$139$83$17
39 years$540$345$213$128$76$15
40 years$521$328$200$118$69$13
41 years$503$312$187$109$62$11
42 years$485$297$176$101$57$9
43 years$468$283$165$93$51$8
44 years$453$270$155$86$47$7
45 years$438$258$145$79$42$6
46 years$423$246$136$73$38$5
47 years$410$235$128$68$35$4
48 years$396$224$120$63$32$4
49 years$384$214$113$58$29$3
50 years$372$204$106$53$26$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $381,000, adding $6,739 every year, while hoping to spend $20,692 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: 61/34/5 Blend
61$381,000$381,000$381,000$381,000
62$426,813$406,620$400,715$452,085
63$448,332$404,529$392,123$467,693
64$471,352$401,641$382,549$481,699
65$496,005$397,896$371,939$496,445
66$522,435$393,230$360,237$512,002
67$550,799$387,575$347,380$528,449
68$581,272$380,857$333,309$545,874
69$614,043$373,000$317,956$564,372
70$649,321$363,922$301,253$584,054
71$687,335$353,539$283,129$605,037
72$728,339$341,757$263,509$627,456
73$772,608$328,482$242,315$651,459
74$820,446$313,610$219,465$677,208
75$872,189$297,034$194,874$704,887
76$928,204$278,640$168,454$734,696
77$988,894$258,307$140,110$766,860
78$1,054,703$235,906$109,747$801,626
79$1,126,122$211,304$77,261$839,271
80$1,203,685$184,357$42,549$880,097
81$1,287,985$154,915$5,498$924,445
82$1,379,672$122,818$0$972,687
83$1,479,461$87,898$0$1,027,055
84$1,588,138$49,978$0$1,086,623
85$1,706,571$8,869$0$1,151,612
86$1,835,711$0$0$1,222,593
87$1,976,609$0$0$1,313,525
88$2,130,418$0$0$1,416,440
89$2,298,410$0$0$1,528,874
90$2,481,984$0$0$1,651,767
91$2,682,680$0$0$1,786,154
92$2,902,195$0$0$1,933,174
93$3,142,395$0$0$2,094,083
94$3,405,337$0$0$2,270,261
95$3,693,286$0$0$2,463,232
96$4,008,734$0$0$2,674,669
97$4,354,428$0$0$2,906,419
98$4,733,392$0$0$3,160,514
99$5,148,957$0$0$3,439,192
100$5,604,792$0$0$3,744,919