Can I retire at age 62 with 442,000?

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 $442,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$36,500$36,175$35,858$35,548$35,246$34,733
2 years$18,069$17,733$17,407$17,090$16,784$16,269
3 years$11,927$11,589$11,263$10,950$10,648$10,146
4 years$8,856$8,519$8,197$7,889$7,594$7,110
5 years$7,014$6,679$6,361$6,059$5,773$5,307
6 years$5,786$5,454$5,141$4,846$4,568$4,121
7 years$4,910$4,580$4,272$3,984$3,715$3,287
8 years$4,253$3,926$3,623$3,342$3,082$2,673
9 years$3,742$3,418$3,120$2,847$2,596$2,206
10 years$3,333$3,013$2,720$2,454$2,212$1,840
11 years$2,999$2,682$2,395$2,136$1,902$1,549
12 years$2,721$2,408$2,126$1,873$1,648$1,313
13 years$2,486$2,176$1,899$1,654$1,437$1,120
14 years$2,285$1,978$1,706$1,468$1,260$959
15 years$2,111$1,807$1,541$1,309$1,109$825
16 years$1,958$1,658$1,397$1,172$980$712
17 years$1,824$1,527$1,271$1,053$869$616
18 years$1,705$1,411$1,160$949$773$535
19 years$1,598$1,307$1,062$858$689$465
20 years$1,502$1,215$975$777$615$405
21 years$1,416$1,132$897$705$551$353
22 years$1,337$1,056$826$641$494$308
23 years$1,265$988$763$584$443$269
24 years$1,200$926$706$532$398$236
25 years$1,140$869$654$486$358$206
26 years$1,084$816$606$445$323$181
27 years$1,033$768$563$407$291$159
28 years$985$724$523$373$263$139
29 years$941$683$487$342$237$122
30 years$900$645$454$314$214$107
31 years$861$610$423$288$194$94
32 years$825$577$395$265$175$83
33 years$792$546$368$244$159$73
34 years$760$518$344$224$144$64
35 years$730$491$322$206$130$56
36 years$702$466$301$190$118$50
37 years$675$443$282$175$107$44
38 years$650$421$264$161$97$38
39 years$627$400$247$149$88$34
40 years$604$381$232$137$80$30
41 years$583$362$217$127$72$26
42 years$563$345$204$117$66$23
43 years$543$329$191$108$59$20
44 years$525$313$180$100$54$18
45 years$508$299$169$92$49$16
46 years$491$285$158$85$45$14
47 years$475$272$149$78$40$12
48 years$460$260$140$73$37$11
49 years$445$248$131$67$33$9
50 years$432$237$124$62$30$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $442,000, adding $3,536 every year, while hoping to spend $26,265 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: 57/33/10 Blend
61$442,000$442,000$442,000$442,000
62$490,731$467,305$460,454$517,320
63$512,840$462,258$447,934$530,619
64$536,324$456,082$434,114$541,873
65$561,295$448,696$418,922$553,502
66$587,876$440,012$402,286$565,545
67$616,203$429,935$384,125$578,049
68$646,422$418,369$364,360$591,061
69$678,696$405,207$342,905$604,640
70$713,201$390,341$319,670$618,849
71$750,132$373,652$294,564$633,760
72$789,702$355,018$267,488$649,454
73$832,144$334,306$238,342$666,022
74$877,716$311,380$207,019$683,567
75$926,697$286,091$173,408$702,202
76$979,397$258,287$137,394$722,057
77$1,036,155$227,802$98,856$743,276
78$1,097,343$194,465$57,669$766,019
79$1,163,371$158,093$13,699$790,467
80$1,234,688$118,492$0$816,822
81$1,311,787$75,460$0$848,853
82$1,395,213$28,781$0$885,058
83$1,485,561$0$0$924,268
84$1,583,487$0$0$974,720
85$1,689,714$0$0$1,040,817
86$1,805,034$0$0$1,112,607
87$1,930,320$0$0$1,190,636
88$2,066,533$0$0$1,275,507
89$2,214,728$0$0$1,367,884
90$2,376,067$0$0$1,468,494
91$2,551,829$0$0$1,578,141
92$2,743,420$0$0$1,697,707
93$2,952,391$0$0$1,828,165
94$3,180,444$0$0$1,970,584
95$3,429,456$0$0$2,126,143
96$3,701,492$0$0$2,296,137
97$3,998,827$0$0$2,481,993
98$4,323,963$0$0$2,685,285
99$4,679,656$0$0$2,907,741
100$5,068,942$0$0$3,151,267