Can I retire at age 62 with 445,000?

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 $445,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$36,748$36,420$36,101$35,789$35,485$34,797
2 years$18,192$17,853$17,525$17,206$16,898$16,207
3 years$12,007$11,667$11,340$11,024$10,721$10,049
4 years$8,916$8,577$8,252$7,942$7,646$6,999
5 years$7,061$6,724$6,404$6,101$5,812$5,192
6 years$5,825$5,491$5,176$4,879$4,599$4,005
7 years$4,943$4,611$4,301$4,011$3,740$3,174
8 years$4,281$3,953$3,647$3,365$3,103$2,563
9 years$3,767$3,441$3,142$2,866$2,613$2,100
10 years$3,356$3,033$2,739$2,471$2,227$1,739
11 years$3,020$2,701$2,411$2,150$1,915$1,453
12 years$2,740$2,424$2,140$1,886$1,659$1,222
13 years$2,503$2,190$1,912$1,665$1,447$1,034
14 years$2,300$1,991$1,718$1,478$1,268$879
15 years$2,125$1,819$1,551$1,318$1,117$750
16 years$1,972$1,669$1,406$1,180$987$641
17 years$1,836$1,537$1,280$1,060$875$550
18 years$1,716$1,420$1,168$956$778$473
19 years$1,609$1,316$1,069$864$694$408
20 years$1,512$1,223$981$782$620$352
21 years$1,425$1,139$903$710$554$304
22 years$1,346$1,063$832$645$497$263
23 years$1,274$995$768$588$446$228
24 years$1,208$932$710$536$401$198
25 years$1,147$875$658$490$361$171
26 years$1,091$822$610$448$325$149
27 years$1,040$774$567$410$293$129
28 years$992$729$527$375$264$112
29 years$947$688$490$344$239$98
30 years$906$649$457$316$216$85
31 years$867$614$426$290$195$74
32 years$831$581$397$267$176$64
33 years$797$550$371$245$160$56
34 years$765$521$347$226$145$49
35 years$735$494$324$208$131$42
36 years$707$469$303$191$119$37
37 years$680$446$284$176$108$32
38 years$655$424$266$162$97$28
39 years$631$403$249$150$88$24
40 years$608$383$233$138$80$21
41 years$587$365$219$127$73$19
42 years$567$347$205$118$66$16
43 years$547$331$193$109$60$14
44 years$529$316$181$100$54$12
45 years$511$301$170$93$49$11
46 years$494$287$159$86$45$9
47 years$478$274$150$79$41$8
48 years$463$262$141$73$37$7
49 years$448$250$132$67$34$6
50 years$434$239$124$62$30$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $445,000, adding $4,449 every year, while hoping to spend $34,127 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: 61/13/26 Blend
61$445,000$445,000$445,000$445,000
62$494,979$471,394$464,497$521,479
63$509,156$458,182$443,746$526,793
64$523,635$443,178$421,157$528,499
65$538,412$426,259$396,632$529,625
66$553,478$407,294$370,067$530,123
67$568,826$386,145$341,358$529,939
68$584,445$362,664$310,392$529,015
69$600,321$336,698$277,052$527,291
70$616,439$308,081$241,219$524,701
71$632,779$276,641$202,763$521,174
72$649,321$242,194$161,554$516,636
73$666,037$204,547$117,452$511,006
74$682,899$163,496$70,313$504,196
75$699,873$118,825$19,985$496,115
76$716,917$70,305$0$486,662
77$733,989$17,696$0$485,086
78$751,036$0$0$488,441
79$768,001$0$0$496,717
80$784,818$0$0$507,405
81$801,412$0$0$517,925
82$817,699$0$0$528,219
83$833,586$0$0$538,222
84$848,967$0$0$547,864
85$863,723$0$0$557,064
86$877,721$0$0$565,732
87$890,812$0$0$573,768
88$902,831$0$0$581,058
89$913,593$0$0$587,478
90$922,890$0$0$592,888
91$930,493$0$0$597,133
92$936,146$0$0$600,039
93$939,564$0$0$601,415
94$940,430$0$0$601,047
95$938,393$0$0$598,697
96$933,063$0$0$594,103
97$924,006$0$0$586,971
98$910,742$0$0$576,978
99$892,738$0$0$563,766
100$869,405$0$0$546,936