Can I retire at age 62 with 409,000?

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 $409,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$33,775$33,474$33,180$32,894$32,614$31,995
2 years$16,720$16,409$16,107$15,814$15,531$14,909
3 years$11,036$10,723$10,422$10,132$9,853$9,249
4 years$8,195$7,883$7,585$7,300$7,027$6,445
5 years$6,490$6,180$5,886$5,607$5,342$4,783
6 years$5,354$5,047$4,757$4,484$4,227$3,692
7 years$4,543$4,238$3,953$3,687$3,438$2,927
8 years$3,935$3,633$3,352$3,093$2,852$2,365
9 years$3,462$3,163$2,887$2,634$2,402$1,939
10 years$3,085$2,788$2,517$2,271$2,046$1,607
11 years$2,776$2,482$2,216$1,976$1,760$1,343
12 years$2,518$2,228$1,967$1,733$1,525$1,131
13 years$2,301$2,013$1,757$1,530$1,330$957
14 years$2,114$1,830$1,579$1,358$1,166$814
15 years$1,953$1,672$1,426$1,211$1,026$695
16 years$1,812$1,534$1,292$1,085$907$595
17 years$1,688$1,413$1,176$975$804$511
18 years$1,577$1,305$1,074$878$715$440
19 years$1,479$1,210$983$794$638$379
20 years$1,390$1,124$902$719$569$327
21 years$1,310$1,047$830$652$510$283
22 years$1,237$977$765$593$457$245
23 years$1,171$914$706$540$410$213
24 years$1,110$856$653$493$369$184
25 years$1,054$804$605$450$332$160
26 years$1,003$755$561$411$299$139
27 years$956$711$521$377$269$121
28 years$912$670$484$345$243$105
29 years$871$632$451$316$219$92
30 years$833$597$420$290$198$80
31 years$797$564$391$267$179$69
32 years$764$534$365$245$162$60
33 years$732$506$341$225$147$53
34 years$703$479$318$207$133$46
35 years$676$454$298$191$120$40
36 years$650$431$279$176$109$35
37 years$625$410$261$162$99$30
38 years$602$389$244$149$90$26
39 years$580$370$229$138$81$23
40 years$559$352$214$127$74$20
41 years$539$335$201$117$67$18
42 years$521$319$189$108$61$15
43 years$503$304$177$100$55$13
44 years$486$290$166$92$50$12
45 years$470$277$156$85$45$10
46 years$454$264$146$79$41$9
47 years$440$252$138$73$37$8
48 years$426$240$129$67$34$7
49 years$412$230$122$62$31$6
50 years$399$219$114$57$28$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $409,000, adding $3,024 every year, while hoping to spend $32,438 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: 80/5/15 Blend
61$409,000$409,000$409,000$409,000
62$453,837$432,160$425,821$488,505
63$465,615$418,822$405,572$498,401
64$477,507$403,744$383,558$504,778
65$489,490$386,805$359,684$510,853
66$501,539$367,879$333,855$516,582
67$513,623$346,833$305,967$521,915
68$525,710$323,524$275,913$526,798
69$537,760$297,804$243,584$531,173
70$549,729$269,515$208,862$534,975
71$561,568$238,488$171,625$538,133
72$573,222$204,547$131,749$540,569
73$584,627$167,507$89,099$542,197
74$595,713$127,168$43,537$542,924
75$606,400$83,324$0$542,646
76$616,600$35,755$0$542,064
77$626,214$0$0$547,729
78$635,130$0$0$553,423
79$643,224$0$0$560,354
80$650,357$0$0$566,432
81$656,377$0$0$571,520
82$661,111$0$0$575,469
83$664,367$0$0$578,108
84$665,935$0$0$579,250
85$665,576$0$0$578,687
86$663,031$0$0$576,188
87$658,007$0$0$571,497
88$650,182$0$0$564,327
89$639,198$0$0$554,364
90$624,659$0$0$541,258
91$606,125$0$0$524,621
92$583,110$0$0$504,025
93$555,075$0$0$478,992
94$521,423$0$0$448,999
95$481,496$0$0$413,462
96$434,563$0$0$371,739
97$379,817$0$0$323,117
98$316,367$0$0$266,810
99$243,226$0$0$201,947
100$159,304$0$0$127,568