Can I retire at age 62 with 405,000?

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 $405,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$33,445$33,147$32,856$32,572$32,295$31,643
2 years$16,557$16,248$15,949$15,660$15,379$14,725
3 years$10,928$10,618$10,320$10,033$9,757$9,121
4 years$8,114$7,806$7,511$7,228$6,959$6,346
5 years$6,427$6,120$5,829$5,552$5,290$4,702
6 years$5,302$4,997$4,710$4,440$4,186$3,624
7 years$4,499$4,197$3,914$3,650$3,404$2,868
8 years$3,897$3,597$3,320$3,062$2,824$2,314
9 years$3,429$3,132$2,859$2,608$2,378$1,893
10 years$3,054$2,761$2,493$2,248$2,026$1,566
11 years$2,748$2,458$2,195$1,957$1,743$1,307
12 years$2,494$2,206$1,948$1,716$1,510$1,098
13 years$2,278$1,994$1,740$1,515$1,317$927
14 years$2,094$1,812$1,563$1,345$1,154$787
15 years$1,934$1,655$1,412$1,200$1,016$671
16 years$1,794$1,519$1,280$1,074$898$573
17 years$1,671$1,399$1,165$965$797$491
18 years$1,562$1,292$1,063$870$708$422
19 years$1,464$1,198$973$786$631$363
20 years$1,376$1,113$893$712$564$313
21 years$1,297$1,037$822$646$505$270
22 years$1,225$968$757$587$452$233
23 years$1,159$905$699$535$406$202
24 years$1,099$848$647$488$365$174
25 years$1,044$796$599$446$328$151
26 years$993$748$555$407$296$131
27 years$946$704$516$373$267$114
28 years$903$663$479$342$241$99
29 years$862$626$446$313$217$86
30 years$824$591$416$288$196$74
31 years$789$559$387$264$178$64
32 years$756$529$361$243$161$56
33 years$725$501$338$223$145$49
34 years$696$474$315$205$132$42
35 years$669$450$295$189$119$37
36 years$643$427$276$174$108$32
37 years$619$406$258$160$98$28
38 years$596$386$242$148$89$24
39 years$574$367$227$136$80$21
40 years$554$349$212$126$73$18
41 years$534$332$199$116$66$16
42 years$516$316$187$107$60$14
43 years$498$301$175$99$55$12
44 years$481$287$164$91$49$10
45 years$465$274$154$84$45$9
46 years$450$261$145$78$41$8
47 years$435$249$136$72$37$7
48 years$421$238$128$66$34$6
49 years$408$227$120$61$31$5
50 years$395$217$113$57$28$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $405,000, adding $5,167 every year, while hoping to spend $25,091 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: 65/16/19 Blend
61$405,000$405,000$405,000$405,000
62$451,640$430,175$423,897$478,520
63$471,010$424,557$411,401$491,576
64$491,516$417,822$397,646$502,501
65$513,245$409,891$382,562$513,842
66$536,297$400,676$366,078$525,642
67$560,776$390,086$348,119$537,947
68$586,801$378,025$328,606$550,810
69$614,498$364,392$307,457$564,287
70$644,007$349,078$284,588$578,445
71$675,481$331,968$259,907$593,356
72$709,088$312,942$233,321$609,101
73$745,011$291,872$204,734$625,772
74$783,451$268,623$174,042$643,471
75$824,630$243,052$141,138$662,309
76$868,788$215,008$105,913$682,414
77$916,193$184,331$68,249$703,926
78$967,134$150,853$28,025$727,002
79$1,021,932$114,396$0$751,817
80$1,080,938$74,770$0$781,585
81$1,144,539$31,778$0$819,761
82$1,213,156$0$0$860,926
83$1,287,257$0$0$907,979
84$1,367,353$0$0$964,908
85$1,454,005$0$0$1,026,519
86$1,547,832$0$0$1,093,256
87$1,649,513$0$0$1,165,603
88$1,759,796$0$0$1,244,096
89$1,879,501$0$0$1,329,323
90$2,009,533$0$0$1,421,931
91$2,150,885$0$0$1,522,630
92$2,304,651$0$0$1,632,204
93$2,472,034$0$0$1,751,514
94$2,654,358$0$0$1,881,508
95$2,853,079$0$0$2,023,228
96$3,069,802$0$0$2,177,822
97$3,306,289$0$0$2,346,555
98$3,564,485$0$0$2,530,815
99$3,846,526$0$0$2,732,135
100$4,154,768$0$0$2,952,200