Can I retire at age 62 with 387,000?

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 $387,000?

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$31,958$31,673$31,396$31,125$30,860$30,374
2 years$15,821$15,526$15,241$14,964$14,695$14,207
3 years$10,442$10,147$9,862$9,587$9,323$8,847
4 years$7,754$7,459$7,177$6,907$6,649$6,190
5 years$6,141$5,848$5,569$5,305$5,055$4,613
6 years$5,066$4,775$4,501$4,243$4,000$3,577
7 years$4,299$4,010$3,740$3,488$3,253$2,848
8 years$3,723$3,437$3,172$2,926$2,699$2,312
9 years$3,276$2,993$2,732$2,492$2,273$1,904
10 years$2,919$2,638$2,382$2,149$1,936$1,586
11 years$2,626$2,349$2,097$1,870$1,665$1,333
12 years$2,383$2,108$1,861$1,640$1,443$1,128
13 years$2,177$1,905$1,663$1,448$1,258$960
14 years$2,001$1,732$1,494$1,285$1,103$820
15 years$1,848$1,582$1,349$1,146$971$704
16 years$1,715$1,451$1,223$1,026$858$606
17 years$1,597$1,337$1,113$922$761$524
18 years$1,493$1,235$1,016$831$677$453
19 years$1,399$1,145$930$751$603$393
20 years$1,315$1,064$853$680$539$342
21 years$1,239$991$785$617$482$297
22 years$1,171$925$724$561$432$259
23 years$1,108$865$668$511$388$226
24 years$1,050$810$618$466$349$197
25 years$998$761$572$426$314$172
26 years$949$715$531$389$283$151
27 years$904$673$493$356$255$132
28 years$863$634$458$326$230$115
29 years$824$598$426$299$208$101
30 years$788$565$397$275$188$89
31 years$754$534$370$252$170$78
32 years$723$505$345$232$153$68
33 years$693$478$323$213$139$60
34 years$665$453$301$196$126$52
35 years$639$430$282$181$114$46
36 years$615$408$264$166$103$40
37 years$591$388$247$153$94$35
38 years$570$368$231$141$85$31
39 years$549$350$216$130$77$27
40 years$529$333$203$120$70$24
41 years$510$317$190$111$63$21
42 years$493$302$178$102$57$18
43 years$476$288$167$94$52$16
44 years$460$274$157$87$47$14
45 years$445$262$148$81$43$13
46 years$430$250$139$74$39$11
47 years$416$238$130$69$35$10
48 years$403$227$122$64$32$8
49 years$390$217$115$59$29$7
50 years$378$207$108$54$27$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $387,000, adding $4,095 every year, while hoping to spend $31,141 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: 60/32/8 Blend
61$387,000$387,000$387,000$387,000
62$430,698$410,187$404,188$455,551
63$441,495$397,152$384,595$459,667
64$452,350$382,435$363,301$460,227
65$463,236$365,921$340,218$460,058
66$474,122$347,486$315,251$459,091
67$484,972$327,003$288,302$457,253
68$495,747$304,334$259,268$454,462
69$506,403$279,336$228,043$450,631
70$516,889$251,856$194,515$445,668
71$527,147$221,733$158,567$439,470
72$537,114$188,796$120,077$431,927
73$546,718$152,865$78,917$422,923
74$555,878$113,750$34,956$412,328
75$564,505$71,251$0$400,005
76$572,497$25,155$0$386,824
77$579,742$0$0$374,854
78$586,115$0$0$369,664
79$591,476$0$0$372,646
80$595,670$0$0$374,838
81$598,523$0$0$376,125
82$599,843$0$0$376,380
83$599,417$0$0$375,461
84$597,006$0$0$373,209
85$592,347$0$0$369,451
86$585,148$0$0$363,991
87$575,085$0$0$356,616
88$561,799$0$0$347,086
89$544,891$0$0$335,139
90$523,921$0$0$320,482
91$498,400$0$0$302,790
92$467,789$0$0$281,708
93$431,491$0$0$256,838
94$388,843$0$0$227,743
95$339,115$0$0$193,938
96$281,500$0$0$154,889
97$215,103$0$0$110,003
98$138,938$0$0$58,628
99$51,914$0$0$40
100$0$0$0$0