Can I retire at age 62 with 459,000?

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 $459,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$37,904$37,566$37,237$36,915$36,601$36,264
2 years$18,764$18,415$18,076$17,748$17,429$17,090
3 years$12,385$12,034$11,696$11,371$11,058$10,726
4 years$9,196$8,846$8,512$8,192$7,887$7,566
5 years$7,284$6,936$6,606$6,292$5,995$5,686
6 years$6,009$5,664$5,338$5,032$4,744$4,446
7 years$5,099$4,756$4,436$4,137$3,858$3,572
8 years$4,416$4,077$3,762$3,471$3,201$2,927
9 years$3,886$3,550$3,240$2,956$2,695$2,434
10 years$3,462$3,129$2,825$2,548$2,297$2,047
11 years$3,115$2,785$2,487$2,218$1,975$1,737
12 years$2,826$2,500$2,207$1,945$1,712$1,485
13 years$2,582$2,259$1,972$1,717$1,493$1,277
14 years$2,373$2,054$1,772$1,524$1,308$1,103
15 years$2,192$1,876$1,600$1,360$1,152$957
16 years$2,034$1,721$1,450$1,217$1,018$834
17 years$1,894$1,585$1,320$1,094$903$728
18 years$1,770$1,465$1,205$986$803$637
19 years$1,659$1,358$1,103$891$715$559
20 years$1,560$1,262$1,012$807$639$492
21 years$1,470$1,175$931$732$572$433
22 years$1,388$1,097$858$666$513$382
23 years$1,314$1,026$792$606$460$337
24 years$1,246$961$733$553$414$298
25 years$1,183$902$679$505$372$264
26 years$1,126$848$629$462$335$234
27 years$1,072$798$585$423$302$207
28 years$1,023$752$543$387$273$184
29 years$977$709$506$355$246$163
30 years$934$670$471$326$223$145
31 years$894$633$439$299$201$128
32 years$857$599$410$275$182$114
33 years$822$567$383$253$165$101
34 years$789$538$357$233$149$90
35 years$758$510$334$214$135$80
36 years$729$484$313$197$122$71
37 years$701$460$293$182$111$63
38 years$675$437$274$168$101$56
39 years$651$416$257$154$91$50
40 years$628$395$241$142$83$45
41 years$605$376$226$131$75$40
42 years$584$358$212$121$68$35
43 years$564$341$199$112$62$32
44 years$545$325$186$103$56$28
45 years$527$310$175$96$51$25
46 years$510$296$164$88$46$22
47 years$493$283$154$82$42$20
48 years$478$270$145$75$38$18
49 years$463$258$136$70$35$16
50 years$448$246$128$64$31$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $459,000, adding $5,306 every year, while hoping to spend $27,528 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: 56/19/25 Blend
61$459,000$459,000$459,000$459,000
62$511,291$486,964$479,850$536,157
63$534,153$481,536$466,635$548,369
64$558,425$474,919$452,055$558,331
65$584,220$467,026$436,035$568,609
66$611,665$457,765$418,497$579,242
67$640,897$447,037$399,358$590,274
68$672,066$434,739$378,534$601,755
69$705,336$420,761$355,935$613,743
70$740,889$404,987$331,467$626,301
71$778,922$387,294$305,034$639,501
72$819,652$367,552$276,533$653,426
73$863,317$345,622$245,857$668,167
74$910,178$321,359$212,895$683,827
75$960,520$294,610$177,531$700,524
76$1,014,659$265,212$139,644$718,385
77$1,072,939$232,993$99,108$737,559
78$1,135,740$197,770$55,788$758,208
79$1,203,477$159,352$9,549$780,516
80$1,276,608$117,537$0$804,687
81$1,355,635$72,109$0$841,565
82$1,441,110$22,843$0$884,198
83$1,533,641$0$0$930,364
84$1,633,894$0$0$986,799
85$1,742,603$0$0$1,053,208
86$1,860,576$0$0$1,125,313
87$1,988,699$0$0$1,203,659
88$2,127,948$0$0$1,288,849
89$2,279,397$0$0$1,381,544
90$2,444,228$0$0$1,482,473
91$2,623,740$0$0$1,592,438
92$2,819,363$0$0$1,712,319
93$3,032,672$0$0$1,843,088
94$3,265,399$0$0$1,985,813
95$3,519,452$0$0$2,141,669
96$3,796,928$0$0$2,311,953
97$4,100,140$0$0$2,498,088
98$4,431,631$0$0$2,701,643
99$4,794,202$0$0$2,924,347
100$5,190,937$0$0$3,168,102