Can I retire at age 62 with 430,000?

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 $430,000?

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$35,509$35,193$34,884$34,583$34,289$34,073
2 years$17,579$17,251$16,934$16,626$16,328$16,110
3 years$11,603$11,274$10,957$10,653$10,359$10,146
4 years$8,615$8,288$7,974$7,675$7,388$7,182
5 years$6,823$6,498$6,188$5,895$5,616$5,417
6 years$5,629$5,306$5,001$4,714$4,444$4,252
7 years$4,776$4,456$4,156$3,876$3,614$3,430
8 years$4,137$3,819$3,525$3,251$2,998$2,821
9 years$3,640$3,325$3,036$2,769$2,525$2,355
10 years$3,243$2,931$2,647$2,387$2,151$1,989
11 years$2,918$2,610$2,330$2,078$1,850$1,695
12 years$2,648$2,342$2,068$1,822$1,603$1,455
13 years$2,419$2,117$1,847$1,609$1,398$1,257
14 years$2,223$1,924$1,660$1,428$1,226$1,091
15 years$2,053$1,758$1,499$1,274$1,079$951
16 years$1,905$1,613$1,359$1,140$954$832
17 years$1,774$1,485$1,236$1,025$846$731
18 years$1,658$1,372$1,129$923$752$643
19 years$1,555$1,272$1,033$834$670$567
20 years$1,461$1,182$948$756$599$501
21 years$1,377$1,101$872$686$536$444
22 years$1,301$1,028$804$624$480$393
23 years$1,231$961$742$568$431$349
24 years$1,167$900$686$518$387$310
25 years$1,109$845$636$473$349$276
26 years$1,055$794$590$433$314$246
27 years$1,005$747$548$396$283$219
28 years$958$704$509$363$255$195
29 years$915$664$474$333$231$174
30 years$875$627$441$305$208$156
31 years$838$593$411$280$188$139
32 years$803$561$384$258$170$124
33 years$770$532$358$237$154$111
34 years$739$504$335$218$140$99
35 years$710$478$313$201$127$89
36 years$683$454$293$185$115$79
37 years$657$431$274$170$104$71
38 years$633$409$257$157$94$64
39 years$610$389$240$145$85$57
40 years$588$370$225$133$77$51
41 years$567$353$211$123$70$46
42 years$547$336$198$114$64$41
43 years$529$320$186$105$58$37
44 years$511$305$175$97$53$33
45 years$494$291$164$89$48$29
46 years$478$277$154$83$43$26
47 years$462$265$145$76$39$24
48 years$447$253$136$71$36$21
49 years$433$241$128$65$32$19
50 years$420$231$120$60$29$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $430,000, adding $5,250 every year, while hoping to spend $20,749 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: 88/5/7 Blend
61$430,000$430,000$430,000$430,000
62$479,275$456,485$449,820$520,755
63$506,085$456,776$442,813$548,861
64$534,933$456,386$434,875$576,308
65$566,007$455,260$425,953$605,806
66$599,510$453,338$415,993$637,544
67$635,667$450,559$404,937$671,735
68$674,726$446,856$392,722$708,609
69$716,956$442,160$379,286$748,420
70$762,655$436,396$364,563$791,450
71$812,153$429,486$348,482$838,006
72$865,807$421,346$330,971$888,428
73$924,015$411,888$311,954$943,091
74$987,212$401,018$291,352$1,002,406
75$1,055,877$388,637$269,082$1,066,827
76$1,130,537$374,640$245,056$1,136,852
77$1,211,771$358,917$219,185$1,213,032
78$1,300,218$341,350$191,374$1,295,972
79$1,396,579$321,815$161,524$1,386,340
80$1,501,627$300,181$129,531$1,484,869
81$1,616,211$276,308$95,289$1,592,371
82$1,741,267$250,050$58,684$1,709,735
83$1,877,826$221,252$19,599$1,837,944
84$2,027,020$189,749$0$1,978,081
85$2,190,099$155,369$0$2,132,989
86$2,368,435$117,929$0$2,304,000
87$2,563,543$77,235$0$2,491,105
88$2,777,088$33,083$0$2,695,909
89$3,010,904$0$0$2,920,180
90$3,267,013$0$0$3,166,676
91$3,547,637$0$0$3,438,766
92$3,855,228$0$0$3,737,005
93$4,192,484$0$0$4,064,011
94$4,562,377$0$0$4,422,664
95$4,968,180$0$0$4,816,141
96$5,413,498$0$0$5,247,936
97$5,902,304$0$0$5,721,902
98$6,438,972$0$0$6,242,281
99$7,028,321$0$0$6,813,746
100$7,675,660$0$0$7,441,445