Can I retire at age 62 with 396,000?

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 $396,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$32,701$32,410$32,126$31,848$31,578$31,379
2 years$16,189$15,887$15,595$15,312$15,037$14,836
3 years$10,685$10,383$10,091$9,810$9,540$9,344
4 years$7,934$7,632$7,344$7,068$6,804$6,614
5 years$6,284$5,984$5,699$5,429$5,172$4,989
6 years$5,184$4,886$4,606$4,341$4,093$3,916
7 years$4,399$4,103$3,827$3,569$3,328$3,158
8 years$3,810$3,517$3,246$2,994$2,761$2,598
9 years$3,352$3,063$2,796$2,550$2,325$2,169
10 years$2,986$2,699$2,437$2,198$1,981$1,832
11 years$2,687$2,403$2,146$1,913$1,704$1,561
12 years$2,438$2,157$1,904$1,678$1,477$1,340
13 years$2,228$1,949$1,701$1,482$1,288$1,158
14 years$2,047$1,772$1,529$1,315$1,129$1,005
15 years$1,891$1,619$1,380$1,173$994$876
16 years$1,754$1,485$1,251$1,050$878$767
17 years$1,634$1,368$1,139$944$779$673
18 years$1,527$1,264$1,039$850$693$592
19 years$1,432$1,171$952$768$617$522
20 years$1,346$1,088$873$696$551$461
21 years$1,268$1,014$803$632$493$408
22 years$1,198$946$740$574$442$362
23 years$1,134$885$684$523$397$321
24 years$1,075$829$632$477$357$286
25 years$1,021$778$586$436$321$254
26 years$971$731$543$398$289$226
27 years$925$688$504$365$261$202
28 years$883$649$469$334$235$180
29 years$843$612$436$306$212$160
30 years$806$578$406$281$192$143
31 years$772$546$379$258$174$128
32 years$739$517$353$237$157$114
33 years$709$490$330$218$142$102
34 years$681$464$308$201$129$91
35 years$654$440$288$185$117$82
36 years$629$418$270$170$106$73
37 years$605$397$252$157$96$65
38 years$583$377$236$145$87$59
39 years$562$358$221$133$79$52
40 years$541$341$208$123$71$47
41 years$522$325$195$113$65$42
42 years$504$309$183$105$59$38
43 years$487$295$171$97$53$34
44 years$471$281$161$89$48$30
45 years$455$268$151$82$44$27
46 years$440$255$142$76$40$24
47 years$426$244$133$70$36$22
48 years$412$233$125$65$33$20
49 years$399$222$118$60$30$17
50 years$387$212$111$56$27$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $396,000, adding $4,802 every year, while hoping to spend $27,551 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: 37/46/17 Blend
61$396,000$396,000$396,000$396,000
62$441,345$420,357$414,219$455,243
63$457,048$411,641$398,782$456,988
64$473,430$401,574$381,903$455,905
65$490,530$390,061$363,507$454,153
66$508,391$377,001$343,512$451,686
67$527,062$362,289$321,834$448,457
68$546,591$345,810$298,384$444,417
69$567,033$327,445$273,071$439,514
70$588,449$307,068$245,797$433,695
71$610,902$284,545$216,462$426,904
72$634,462$259,736$184,961$419,082
73$659,203$232,489$151,184$410,169
74$685,210$202,649$115,017$400,102
75$712,570$170,048$76,338$388,817
76$741,382$134,509$35,025$376,245
77$771,750$95,848$0$362,318
78$803,790$53,866$0$348,608
79$837,628$8,357$0$340,284
80$873,401$0$0$330,936
81$911,258$0$0$341,215
82$951,363$0$0$356,612
83$993,894$0$0$372,967
84$1,039,046$0$0$390,361
85$1,087,033$0$0$408,878
86$1,138,087$0$0$428,613
87$1,192,464$0$0$449,669
88$1,250,444$0$0$472,158
89$1,312,334$0$0$496,205
90$1,378,467$0$0$521,946
91$1,449,213$0$0$549,528
92$1,524,975$0$0$579,116
93$1,606,194$0$0$610,888
94$1,693,356$0$0$645,041
95$1,786,994$0$0$681,790
96$1,887,692$0$0$721,374
97$1,996,091$0$0$764,050
98$2,112,897$0$0$810,107
99$2,238,882$0$0$859,857
100$2,374,898$0$0$913,646