Can I retire at age 62 with 400,000?

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 $400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$33,032$32,737$32,450$32,170$31,897$31,656
2 years$16,352$16,048$15,753$15,466$15,189$14,946
3 years$10,793$10,487$10,193$9,909$9,636$9,399
4 years$8,014$7,709$7,418$7,139$6,873$6,643
5 years$6,347$6,044$5,757$5,484$5,225$5,003
6 years$5,236$4,936$4,652$4,385$4,134$3,921
7 years$4,443$4,145$3,866$3,605$3,362$3,157
8 years$3,849$3,553$3,279$3,024$2,789$2,593
9 years$3,386$3,093$2,824$2,576$2,349$2,161
10 years$3,017$2,727$2,462$2,221$2,001$1,821
11 years$2,714$2,427$2,167$1,933$1,721$1,549
12 years$2,463$2,179$1,924$1,695$1,492$1,328
13 years$2,250$1,969$1,719$1,497$1,301$1,145
14 years$2,068$1,790$1,544$1,329$1,140$992
15 years$1,910$1,635$1,394$1,185$1,004$863
16 years$1,772$1,500$1,264$1,061$887$753
17 years$1,651$1,381$1,150$953$787$660
18 years$1,543$1,277$1,050$859$699$579
19 years$1,446$1,183$961$776$623$510
20 years$1,359$1,099$882$703$557$450
21 years$1,281$1,024$811$638$498$397
22 years$1,210$956$748$580$447$351
23 years$1,145$894$690$528$401$311
24 years$1,086$838$639$482$360$276
25 years$1,031$786$591$440$324$245
26 years$981$739$549$402$292$217
27 years$935$695$509$368$263$193
28 years$892$655$474$337$238$172
29 years$852$618$441$309$215$153
30 years$814$584$410$284$194$136
31 years$779$552$383$261$175$121
32 years$747$522$357$240$159$108
33 years$716$494$333$220$144$97
34 years$688$469$311$203$130$86
35 years$661$444$291$187$118$77
36 years$635$422$272$172$107$69
37 years$611$401$255$158$97$61
38 years$589$381$239$146$88$55
39 years$567$362$224$135$79$49
40 years$547$345$210$124$72$44
41 years$528$328$197$115$65$39
42 years$509$312$184$106$59$35
43 years$492$298$173$98$54$31
44 years$475$284$162$90$49$28
45 years$459$270$153$83$44$25
46 years$444$258$143$77$40$22
47 years$430$246$135$71$37$20
48 years$416$235$126$66$33$18
49 years$403$224$119$61$30$16
50 years$391$214$112$56$27$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $400,000, adding $5,130 every year, while hoping to spend $32,860 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: 66/10/24 Blend
61$400,000$400,000$400,000$400,000
62$446,092$424,892$418,692$472,450
63$456,630$410,748$397,755$476,669
64$467,142$394,811$375,016$477,091
65$477,591$376,957$350,379$476,798
66$487,933$357,056$323,744$475,720
67$498,122$334,971$295,009$473,783
68$508,102$310,557$264,064$470,906
69$517,815$283,661$230,797$467,000
70$527,193$254,120$195,089$461,971
71$536,158$221,763$156,816$455,714
72$544,626$186,410$115,849$448,117
73$552,502$147,868$72,054$439,056
74$559,679$105,936$25,290$428,399
75$566,040$60,400$0$416,000
76$571,451$11,035$0$408,007
77$575,767$0$0$405,264
78$578,822$0$0$405,808
79$580,435$0$0$406,503
80$580,404$0$0$405,987
81$578,503$0$0$404,096
82$574,485$0$0$400,648
83$568,070$0$0$395,442
84$558,954$0$0$388,253
85$546,796$0$0$378,834
86$531,218$0$0$366,910
87$511,804$0$0$352,177
88$488,092$0$0$334,298
89$459,569$0$0$312,901
90$425,670$0$0$287,573
91$385,769$0$0$257,858
92$339,174$0$0$223,253
93$285,119$0$0$183,200
94$222,758$0$0$137,082
95$151,155$0$0$84,218
96$69,278$0$0$23,857
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0