Can I retire at age 62 with 443,000?

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 $443,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$36,583$36,257$35,939$35,628$35,325$33,910
2 years$18,110$17,773$17,446$17,129$16,822$15,414
3 years$11,954$11,615$11,289$10,975$10,672$9,316
4 years$8,876$8,538$8,215$7,907$7,612$6,317
5 years$7,030$6,694$6,375$6,073$5,786$4,557
6 years$5,799$5,466$5,152$4,857$4,578$3,415
7 years$4,921$4,590$4,282$3,993$3,723$2,625
8 years$4,262$3,935$3,631$3,350$3,089$2,055
9 years$3,750$3,426$3,127$2,853$2,601$1,630
10 years$3,341$3,020$2,727$2,459$2,217$1,306
11 years$3,006$2,688$2,400$2,140$1,906$1,055
12 years$2,728$2,413$2,130$1,877$1,652$857
13 years$2,492$2,181$1,903$1,657$1,441$699
14 years$2,290$1,982$1,710$1,471$1,263$573
15 years$2,115$1,811$1,544$1,312$1,112$471
16 years$1,963$1,661$1,400$1,175$983$388
17 years$1,828$1,530$1,274$1,056$871$320
18 years$1,708$1,414$1,163$951$775$265
19 years$1,602$1,310$1,065$860$691$219
20 years$1,506$1,218$977$779$617$182
21 years$1,419$1,134$899$707$552$151
22 years$1,340$1,059$828$642$495$125
23 years$1,268$990$765$585$444$104
24 years$1,203$928$707$534$399$86
25 years$1,142$871$655$487$359$72
26 years$1,086$818$608$446$324$60
27 years$1,035$770$564$408$292$50
28 years$987$726$524$374$263$41
29 years$943$685$488$343$238$34
30 years$902$646$455$315$215$29
31 years$863$611$424$289$194$24
32 years$827$578$395$265$176$20
33 years$793$548$369$244$159$17
34 years$762$519$345$225$144$14
35 years$732$492$323$207$130$12
36 years$704$467$302$190$118$10
37 years$677$444$282$175$107$8
38 years$652$422$264$162$97$7
39 years$628$401$248$149$88$6
40 years$606$382$232$138$80$5
41 years$584$363$218$127$72$4
42 years$564$346$204$117$66$3
43 years$545$330$192$108$60$3
44 years$526$314$180$100$54$2
45 years$509$300$169$92$49$2
46 years$492$286$159$85$45$2
47 years$476$273$149$79$41$1
48 years$461$260$140$73$37$1
49 years$446$249$132$67$33$1
50 years$433$237$124$62$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $443,000, adding $4,696 every year, while hoping to spend $28,917 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: 72/16/12 Blend
61$443,000$443,000$443,000$443,000
62$493,030$469,551$462,684$526,968
63$512,552$461,791$447,417$542,299
64$533,095$452,683$430,669$555,076
65$554,734$442,128$412,360$568,289
66$577,550$430,024$392,406$581,973
67$601,629$416,264$370,721$596,170
68$627,066$400,733$347,211$610,924
69$653,967$383,309$321,783$626,287
70$682,444$363,863$294,335$642,314
71$712,622$342,261$264,764$659,067
72$744,635$318,358$232,959$676,618
73$778,633$292,002$198,808$695,043
74$814,777$263,034$162,192$714,431
75$853,245$231,283$122,986$734,877
76$894,230$196,570$81,060$756,491
77$937,945$158,705$36,279$779,391
78$984,622$117,489$0$803,711
79$1,034,518$72,710$0$831,075
80$1,087,911$24,145$0$865,226
81$1,145,108$0$0$901,719
82$1,206,446$0$0$945,786
83$1,272,293$0$0$997,671
84$1,343,054$0$0$1,053,443
85$1,419,174$0$0$1,113,456
86$1,501,141$0$0$1,178,095
87$1,589,490$0$0$1,247,787
88$1,684,811$0$0$1,322,997
89$1,787,750$0$0$1,404,238
90$1,899,018$0$0$1,492,074
91$2,019,397$0$0$1,587,125
92$2,149,745$0$0$1,690,071
93$2,291,005$0$0$1,801,661
94$2,444,217$0$0$1,922,718
95$2,610,522$0$0$2,054,147
96$2,791,175$0$0$2,196,944
97$2,987,557$0$0$2,352,205
98$3,201,189$0$0$2,521,134
99$3,433,741$0$0$2,705,057
100$3,687,054$0$0$2,905,434