Can I retire at age 62 with 433,000?

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 $433,000?

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$35,757$35,438$35,127$34,824$34,528$34,267
2 years$17,701$17,372$17,052$16,742$16,442$16,179
3 years$11,684$11,353$11,034$10,727$10,431$10,175
4 years$8,675$8,345$8,030$7,728$7,440$7,191
5 years$6,871$6,543$6,231$5,936$5,656$5,415
6 years$5,668$5,343$5,036$4,747$4,475$4,244
7 years$4,810$4,487$4,185$3,903$3,639$3,417
8 years$4,166$3,846$3,549$3,274$3,019$2,806
9 years$3,666$3,349$3,057$2,789$2,543$2,339
10 years$3,266$2,952$2,665$2,404$2,166$1,972
11 years$2,938$2,628$2,346$2,092$1,863$1,677
12 years$2,666$2,358$2,082$1,835$1,615$1,437
13 years$2,436$2,131$1,860$1,620$1,408$1,239
14 years$2,238$1,937$1,672$1,438$1,234$1,074
15 years$2,068$1,770$1,509$1,283$1,087$934
16 years$1,918$1,624$1,368$1,148$960$816
17 years$1,787$1,495$1,245$1,032$852$714
18 years$1,670$1,382$1,137$930$757$627
19 years$1,565$1,281$1,041$840$675$552
20 years$1,472$1,190$955$761$603$487
21 years$1,387$1,109$878$691$539$430
22 years$1,310$1,035$810$628$484$380
23 years$1,240$968$747$572$434$337
24 years$1,175$907$691$522$390$299
25 years$1,116$851$640$476$351$265
26 years$1,062$800$594$436$316$235
27 years$1,012$753$551$399$285$209
28 years$965$709$513$365$257$186
29 years$922$669$477$335$232$166
30 years$881$632$444$307$210$148
31 years$844$597$414$282$190$132
32 years$808$565$386$259$172$117
33 years$775$535$361$239$155$105
34 years$744$507$337$220$141$93
35 years$715$481$315$202$127$83
36 years$688$457$295$186$115$74
37 years$662$434$276$171$105$66
38 years$637$412$258$158$95$59
39 years$614$392$242$146$86$53
40 years$592$373$227$134$78$47
41 years$571$355$213$124$71$42
42 years$551$338$200$114$64$38
43 years$532$322$187$106$58$34
44 years$514$307$176$98$53$30
45 years$497$293$165$90$48$27
46 years$481$279$155$83$44$24
47 years$465$267$146$77$40$21
48 years$451$254$137$71$36$19
49 years$436$243$129$66$33$17
50 years$423$232$121$61$30$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $433,000, adding $3,679 every year, while hoping to spend $21,621 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: 34/46/20 Blend
61$433,000$433,000$433,000$433,000
62$480,961$458,012$451,300$494,257
63$507,014$457,450$443,414$503,830
64$535,001$456,136$434,540$511,894
65$565,094$454,010$424,620$520,141
66$597,486$451,008$413,597$528,600
67$632,386$447,065$401,409$537,305
68$670,026$442,108$387,993$546,295
69$710,660$436,061$373,282$555,615
70$754,564$428,846$357,204$565,317
71$802,047$420,377$339,688$575,458
72$853,445$410,564$320,656$586,105
73$909,126$399,312$300,028$597,336
74$969,500$386,521$277,722$609,237
75$1,035,012$372,083$253,648$621,906
76$1,106,155$355,887$227,718$635,454
77$1,183,470$337,813$199,833$650,006
78$1,267,553$317,734$169,896$665,705
79$1,359,058$295,518$137,803$682,710
80$1,458,706$271,023$103,444$701,201
81$1,567,291$244,100$66,706$721,379
82$1,685,685$214,591$27,471$743,470
83$1,814,849$182,331$0$767,730
84$1,955,841$147,141$0$797,516
85$2,109,823$108,838$0$836,529
86$2,278,078$67,224$0$879,286
87$2,462,017$22,093$0$926,215
88$2,663,191$0$0$977,792
89$2,883,312$0$0$1,048,100
90$3,124,262$0$0$1,137,364
91$3,388,115$0$0$1,235,178
92$3,677,155$0$0$1,342,395
93$3,993,894$0$0$1,459,958
94$4,341,104$0$0$1,588,901
95$4,721,834$0$0$1,730,368
96$5,139,444$0$0$1,885,615
97$5,597,633$0$0$2,056,029
98$6,100,478$0$0$2,243,134
99$6,652,467$0$0$2,448,611
100$7,258,545$0$0$2,674,313