Can I retire at age 62 with 448,000?

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 $448,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$36,995$36,666$36,344$36,031$35,724$34,636
2 years$18,315$17,973$17,643$17,322$17,011$15,925
3 years$12,088$11,746$11,416$11,099$10,793$9,741
4 years$8,976$8,634$8,308$7,996$7,698$6,689
5 years$7,109$6,770$6,447$6,142$5,852$4,889
6 years$5,865$5,528$5,210$4,912$4,630$3,715
7 years$4,976$4,642$4,330$4,038$3,766$2,897
8 years$4,310$3,979$3,672$3,387$3,124$2,302
9 years$3,793$3,465$3,163$2,885$2,631$1,854
10 years$3,379$3,054$2,757$2,487$2,242$1,509
11 years$3,040$2,719$2,428$2,165$1,928$1,238
12 years$2,758$2,440$2,154$1,899$1,671$1,023
13 years$2,520$2,205$1,925$1,676$1,457$849
14 years$2,316$2,004$1,729$1,488$1,277$708
15 years$2,139$1,831$1,561$1,327$1,124$592
16 years$1,985$1,680$1,416$1,188$994$497
17 years$1,849$1,547$1,288$1,068$881$418
18 years$1,728$1,430$1,176$962$783$352
19 years$1,620$1,325$1,077$869$698$297
20 years$1,523$1,231$988$787$624$251
21 years$1,435$1,147$909$715$558$212
22 years$1,355$1,071$838$650$500$180
23 years$1,283$1,001$773$592$449$152
24 years$1,216$938$715$540$404$129
25 years$1,155$880$662$493$363$109
26 years$1,099$827$614$451$327$93
27 years$1,047$779$571$412$295$79
28 years$998$734$530$378$266$67
29 years$954$692$494$347$240$57
30 years$912$654$460$318$217$48
31 years$873$618$429$292$196$41
32 years$836$585$400$268$178$35
33 years$802$554$373$247$161$30
34 years$770$525$349$227$146$25
35 years$740$498$326$209$132$22
36 years$712$473$305$193$119$18
37 years$685$449$286$177$108$16
38 years$659$426$267$164$98$13
39 years$635$406$251$151$89$11
40 years$612$386$235$139$81$10
41 years$591$367$220$128$73$8
42 years$570$350$207$118$66$7
43 years$551$333$194$109$60$6
44 years$532$318$182$101$55$5
45 years$515$303$171$93$50$4
46 years$498$289$160$86$45$4
47 years$482$276$151$80$41$3
48 years$466$263$142$74$37$3
49 years$451$251$133$68$34$2
50 years$437$240$125$63$31$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $448,000, adding $2,251 every year, while hoping to spend $31,599 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: 53/25/22 Blend
61$448,000$448,000$448,000$448,000
62$496,018$472,274$465,330$519,189
63$512,991$461,794$447,297$524,902
64$530,636$449,742$427,602$527,647
65$548,988$436,007$406,154$529,967
66$568,085$420,472$382,860$531,834
67$587,968$403,013$357,625$533,216
68$608,680$383,500$330,344$534,082
69$630,268$361,794$300,913$534,397
70$652,782$337,749$269,221$534,129
71$676,277$311,210$235,151$533,242
72$700,811$282,013$198,582$531,700
73$726,448$249,985$159,388$529,466
74$753,255$214,944$117,438$526,501
75$781,307$176,696$72,592$522,768
76$810,683$135,038$24,707$518,226
77$841,472$89,753$0$512,837
78$873,765$40,614$0$512,754
79$907,666$0$0$518,335
80$943,286$0$0$527,242
81$980,744$0$0$548,374
82$1,020,172$0$0$570,633
83$1,061,713$0$0$594,101
84$1,105,522$0$0$618,869
85$1,151,768$0$0$645,034
86$1,200,635$0$0$672,704
87$1,252,326$0$0$701,996
88$1,307,060$0$0$733,037
89$1,365,078$0$0$765,966
90$1,426,640$0$0$800,936
91$1,492,036$0$0$838,113
92$1,561,578$0$0$877,680
93$1,635,610$0$0$919,836
94$1,714,508$0$0$964,800
95$1,798,684$0$0$1,012,812
96$1,888,588$0$0$1,064,133
97$1,984,716$0$0$1,119,051
98$2,087,608$0$0$1,177,882
99$2,197,860$0$0$1,240,972
100$2,316,123$0$0$1,308,699