Can I retire at age 62 with 451,000?

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 $451,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$37,243$36,911$36,588$36,272$35,963$35,812
2 years$18,437$18,094$17,761$17,438$17,125$16,972
3 years$12,169$11,825$11,493$11,173$10,865$10,715
4 years$9,036$8,692$8,364$8,049$7,749$7,604
5 years$7,157$6,815$6,491$6,183$5,891$5,750
6 years$5,904$5,565$5,245$4,944$4,661$4,526
7 years$5,010$4,673$4,359$4,065$3,791$3,661
8 years$4,339$4,006$3,697$3,410$3,145$3,020
9 years$3,818$3,488$3,184$2,905$2,648$2,528
10 years$3,401$3,074$2,776$2,504$2,257$2,142
11 years$3,061$2,737$2,444$2,179$1,941$1,831
12 years$2,777$2,457$2,169$1,911$1,682$1,577
13 years$2,537$2,220$1,938$1,687$1,467$1,366
14 years$2,331$2,018$1,741$1,498$1,286$1,190
15 years$2,154$1,843$1,572$1,336$1,132$1,041
16 years$1,998$1,691$1,425$1,196$1,000$914
17 years$1,861$1,558$1,297$1,075$887$805
18 years$1,739$1,439$1,184$969$789$711
19 years$1,631$1,334$1,084$875$703$629
20 years$1,533$1,240$995$793$628$558
21 years$1,444$1,155$915$719$562$496
22 years$1,364$1,078$843$654$504$441
23 years$1,291$1,008$779$596$452$393
24 years$1,224$944$720$543$406$350
25 years$1,163$886$667$496$366$313
26 years$1,106$833$618$454$329$280
27 years$1,054$784$574$415$297$250
28 years$1,005$739$534$380$268$224
29 years$960$697$497$349$242$201
30 years$918$658$463$320$219$180
31 years$879$622$431$294$198$161
32 years$842$589$403$270$179$145
33 years$808$557$376$249$162$130
34 years$775$528$351$229$147$117
35 years$745$501$328$210$133$105
36 years$716$476$307$194$120$94
37 years$689$452$287$179$109$85
38 years$664$429$269$165$99$76
39 years$640$408$252$152$90$68
40 years$617$388$236$140$81$62
41 years$595$370$222$129$74$55
42 years$574$352$208$119$67$50
43 years$555$336$195$110$61$45
44 years$536$320$183$102$55$40
45 years$518$305$172$94$50$36
46 years$501$291$162$87$45$33
47 years$485$278$152$80$41$29
48 years$469$265$143$74$37$26
49 years$455$253$134$68$34$24
50 years$440$242$126$63$31$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $451,000, adding $2,984 every year, while hoping to spend $41,876 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: 44/37/19 Blend
61$451,000$451,000$451,000$451,000
62$500,080$476,177$469,186$519,216
63$506,532$454,954$440,349$511,749
64$512,239$431,287$409,141$499,300
65$517,081$405,014$375,440$484,932
66$520,923$375,959$339,117$468,489
67$523,616$343,940$300,037$449,801
68$524,996$308,764$258,059$428,684
69$524,877$270,225$213,035$404,941
70$523,055$228,107$164,813$378,358
71$519,304$182,181$113,231$348,706
72$513,372$132,207$58,123$315,737
73$504,979$77,928$0$279,180
74$493,816$19,075$0$238,886
75$479,540$0$0$206,986
76$461,772$0$0$189,555
77$440,091$0$0$177,960
78$414,032$0$0$164,209
79$383,080$0$0$148,050
80$346,665$0$0$129,205
81$304,159$0$0$107,370
82$254,864$0$0$82,204
83$198,011$0$0$53,334
84$132,749$0$0$20,346
85$58,138$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0