Can I retire at age 62 with 425,000?

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 $425,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$35,096$34,783$34,478$34,181$33,890$33,411
2 years$17,374$17,051$16,737$16,433$16,138$15,657
3 years$11,468$11,143$10,830$10,529$10,239$9,769
4 years$8,515$8,191$7,881$7,585$7,302$6,849
5 years$6,744$6,422$6,116$5,826$5,551$5,115
6 years$5,564$5,244$4,943$4,659$4,392$3,974
7 years$4,721$4,404$4,108$3,831$3,572$3,172
8 years$4,089$3,775$3,484$3,213$2,963$2,581
9 years$3,598$3,287$3,000$2,737$2,496$2,131
10 years$3,205$2,897$2,616$2,359$2,126$1,779
11 years$2,884$2,579$2,303$2,053$1,829$1,498
12 years$2,617$2,315$2,044$1,801$1,585$1,271
13 years$2,391$2,092$1,826$1,590$1,382$1,085
14 years$2,197$1,902$1,641$1,412$1,211$930
15 years$2,029$1,737$1,481$1,259$1,067$800
16 years$1,883$1,594$1,343$1,127$943$691
17 years$1,754$1,468$1,222$1,013$836$599
18 years$1,639$1,356$1,116$913$743$520
19 years$1,537$1,257$1,021$825$662$452
20 years$1,444$1,168$937$747$592$394
21 years$1,361$1,088$862$678$530$344
22 years$1,286$1,016$795$616$475$300
23 years$1,217$950$734$561$426$263
24 years$1,154$890$679$512$383$230
25 years$1,096$835$628$468$345$202
26 years$1,042$785$583$428$310$177
27 years$993$739$541$391$280$155
28 years$947$696$503$359$253$136
29 years$905$657$468$329$228$120
30 years$865$620$436$302$206$105
31 years$828$586$407$277$186$93
32 years$794$555$379$255$168$82
33 years$761$525$354$234$152$72
34 years$731$498$331$215$138$63
35 years$702$472$309$198$125$56
36 years$675$448$289$183$113$49
37 years$650$426$271$168$103$43
38 years$625$405$254$155$93$38
39 years$603$385$238$143$84$33
40 years$581$366$223$132$77$29
41 years$561$348$209$122$69$26
42 years$541$332$196$112$63$23
43 years$523$316$184$104$57$20
44 years$505$301$173$96$52$18
45 years$488$287$162$88$47$16
46 years$472$274$152$82$43$14
47 years$457$262$143$75$39$12
48 years$442$250$134$70$35$11
49 years$428$239$126$64$32$9
50 years$415$228$119$60$29$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $425,000, adding $6,870 every year, while hoping to spend $40,001 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: 34/41/25 Blend
61$425,000$425,000$425,000$425,000
62$475,436$452,911$446,324$487,801
63$481,370$432,543$418,715$477,265
64$486,569$409,837$388,841$461,813
65$490,914$384,634$356,582$444,354
66$494,277$356,770$321,817$424,738
67$496,511$326,070$284,416$402,801
68$497,455$292,348$244,244$378,367
69$496,930$255,407$201,161$351,250
70$494,736$215,042$155,019$321,247
71$490,654$171,033$105,666$288,143
72$484,436$123,149$52,942$251,705
73$475,812$71,147$0$211,683
74$464,480$14,769$0$168,696
75$450,106$0$0$136,695
76$432,322$0$0$122,152
77$410,717$0$0$112,802
78$384,838$0$0$101,812
79$354,185$0$0$88,992
80$318,203$0$0$74,134
81$276,280$0$0$57,005
82$227,738$0$0$37,353
83$171,828$0$0$14,893
84$107,722$0$0$0
85$34,505$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0