Can I retire at age 62 with 440,000?

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 $440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$36,335$36,011$35,695$35,387$35,086$34,894
2 years$17,988$17,653$17,328$17,013$16,708$16,514
3 years$11,873$11,536$11,212$10,900$10,600$10,411
4 years$8,816$8,480$8,160$7,853$7,560$7,376
5 years$6,982$6,649$6,332$6,032$5,747$5,570
6 years$5,760$5,429$5,117$4,824$4,547$4,377
7 years$4,887$4,559$4,253$3,966$3,698$3,534
8 years$4,233$3,908$3,607$3,327$3,068$2,910
9 years$3,725$3,403$3,106$2,834$2,584$2,433
10 years$3,318$2,999$2,708$2,443$2,201$2,057
11 years$2,986$2,670$2,384$2,126$1,893$1,755
12 years$2,709$2,397$2,116$1,865$1,641$1,509
13 years$2,475$2,166$1,890$1,646$1,431$1,305
14 years$2,275$1,969$1,699$1,461$1,254$1,134
15 years$2,101$1,798$1,534$1,303$1,104$990
16 years$1,949$1,650$1,390$1,167$976$868
17 years$1,816$1,520$1,265$1,049$865$762
18 years$1,697$1,404$1,155$945$769$672
19 years$1,591$1,301$1,057$854$686$593
20 years$1,495$1,209$970$773$613$525
21 years$1,409$1,126$893$702$548$465
22 years$1,331$1,051$823$638$491$413
23 years$1,260$983$760$581$441$367
24 years$1,194$921$702$530$396$327
25 years$1,134$865$651$484$357$291
26 years$1,079$813$603$443$321$260
27 years$1,028$765$560$405$290$232
28 years$981$721$521$371$261$207
29 years$937$680$485$340$236$185
30 years$896$642$452$312$213$166
31 years$857$607$421$287$193$148
32 years$822$574$393$264$174$133
33 years$788$544$367$242$158$119
34 years$756$515$343$223$143$106
35 years$727$489$320$205$129$95
36 years$699$464$300$189$117$85
37 years$672$441$280$174$106$77
38 years$648$419$263$161$96$69
39 years$624$398$246$148$87$62
40 years$602$379$231$137$79$55
41 years$580$361$216$126$72$50
42 years$560$344$203$116$65$44
43 years$541$327$190$107$59$40
44 years$523$312$179$99$54$36
45 years$505$298$168$92$49$32
46 years$489$284$158$85$44$29
47 years$473$271$148$78$40$26
48 years$458$259$139$72$37$23
49 years$443$247$131$67$33$21
50 years$430$236$123$62$30$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $440,000, adding $4,030 every year, while hoping to spend $20,258 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: 45/49/6 Blend
61$440,000$440,000$440,000$440,000
62$489,037$465,717$458,897$510,054
63$517,364$466,983$452,716$526,218
64$547,902$467,632$445,648$541,306
65$580,855$467,612$437,644$557,191
66$616,446$466,869$428,649$573,952
67$654,922$465,344$418,607$591,680
68$696,554$462,976$407,461$610,472
69$741,640$459,699$395,148$630,439
70$790,506$455,444$381,605$651,704
71$843,514$450,136$366,765$674,403
72$901,058$443,699$350,557$698,688
73$963,574$436,048$332,909$724,727
74$1,031,541$427,097$313,743$752,709
75$1,105,485$416,752$292,981$782,842
76$1,185,987$404,915$270,538$815,357
77$1,273,684$391,482$246,327$850,513
78$1,369,278$376,342$220,257$888,595
79$1,473,541$359,380$192,232$929,920
80$1,587,323$340,471$162,154$974,841
81$1,711,562$319,485$129,917$1,023,747
82$1,847,286$296,285$95,414$1,077,073
83$1,995,629$270,723$58,531$1,135,299
84$2,157,842$242,647$19,150$1,198,958
85$2,335,298$211,893$0$1,268,639
86$2,529,511$178,288$0$1,346,462
87$2,742,148$141,652$0$1,433,091
88$2,975,045$101,790$0$1,528,110
89$3,230,223$58,502$0$1,632,417
90$3,509,909$11,571$0$1,747,005
91$3,816,554$0$0$1,872,975
92$4,152,859$0$0$2,032,693
93$4,521,797$0$0$2,214,809
94$4,926,646$0$0$2,414,706
95$5,371,014$0$0$2,634,172
96$5,858,876$0$0$2,875,180
97$6,394,610$0$0$3,139,898
98$6,983,040$0$0$3,430,718
99$7,629,479$0$0$3,750,274
100$8,339,782$0$0$4,101,467