Can I retire at age 62 with 461,000?

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 $461,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$38,069$37,730$37,399$37,076$36,761$35,785
2 years$18,846$18,495$18,155$17,825$17,505$16,529
3 years$12,439$12,087$11,747$11,421$11,106$10,160
4 years$9,236$8,885$8,549$8,228$7,921$7,012
5 years$7,315$6,966$6,634$6,320$6,021$5,152
6 years$6,035$5,688$5,362$5,054$4,764$3,936
7 years$5,121$4,777$4,456$4,155$3,875$3,087
8 years$4,435$4,095$3,779$3,486$3,215$2,467
9 years$3,903$3,565$3,255$2,969$2,707$1,999
10 years$3,477$3,143$2,837$2,559$2,307$1,638
11 years$3,128$2,798$2,498$2,227$1,984$1,353
12 years$2,838$2,511$2,217$1,954$1,719$1,125
13 years$2,593$2,269$1,981$1,725$1,499$940
14 years$2,383$2,063$1,780$1,531$1,314$789
15 years$2,201$1,884$1,607$1,365$1,157$665
16 years$2,042$1,729$1,457$1,223$1,023$562
17 years$1,902$1,592$1,326$1,099$907$476
18 years$1,778$1,471$1,210$990$806$404
19 years$1,667$1,364$1,108$895$719$343
20 years$1,567$1,267$1,017$810$642$292
21 years$1,476$1,180$935$735$574$249
22 years$1,395$1,102$862$669$515$213
23 years$1,320$1,030$796$609$462$181
24 years$1,251$965$736$555$415$155
25 years$1,189$906$682$507$374$133
26 years$1,131$851$632$464$337$113
27 years$1,077$801$587$424$304$97
28 years$1,027$755$546$389$274$83
29 years$981$712$508$357$247$71
30 years$938$673$473$327$223$61
31 years$898$636$441$301$202$52
32 years$861$602$411$276$183$45
33 years$826$570$384$254$165$38
34 years$793$540$359$234$150$33
35 years$761$512$336$215$136$28
36 years$732$486$314$198$123$24
37 years$705$462$294$183$111$21
38 years$678$439$275$168$101$18
39 years$654$417$258$155$92$15
40 years$630$397$242$143$83$13
41 years$608$378$227$132$75$11
42 years$587$360$213$122$68$10
43 years$567$343$199$112$62$8
44 years$548$327$187$104$56$7
45 years$530$312$176$96$51$6
46 years$512$297$165$89$46$5
47 years$496$284$155$82$42$5
48 years$480$271$146$76$38$4
49 years$465$259$137$70$35$3
50 years$450$247$129$65$32$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $461,000, adding $4,082 every year, while hoping to spend $35,395 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: 67/12/21 Blend
61$461,000$461,000$461,000$461,000
62$512,233$487,800$480,654$543,583
63$526,820$474,042$459,096$551,345
64$541,710$458,424$435,629$555,376
65$556,894$440,816$410,153$558,941
66$572,365$421,084$382,561$561,994
67$588,112$399,083$352,743$564,485
68$604,123$374,661$320,582$566,361
69$620,381$347,657$285,960$567,564
70$636,868$317,901$248,748$568,032
71$653,564$285,213$208,816$567,697
72$670,442$249,403$166,026$566,487
73$687,473$210,270$120,234$564,325
74$704,624$167,602$71,290$561,126
75$721,855$121,174$19,038$556,800
76$739,123$70,750$0$551,248
77$756,377$16,080$0$552,594
78$773,560$0$0$557,582
79$790,606$0$0$567,550
80$807,442$0$0$579,472
81$823,986$0$0$591,161
82$840,144$0$0$602,548
83$855,812$0$0$613,557
84$870,872$0$0$624,099
85$885,193$0$0$634,078
86$898,628$0$0$643,383
87$911,012$0$0$651,893
88$922,161$0$0$659,472
89$931,873$0$0$665,968
90$939,918$0$0$671,213
91$946,043$0$0$675,018
92$949,965$0$0$677,174
93$951,372$0$0$677,450
94$949,914$0$0$675,586
95$945,205$0$0$671,298
96$936,815$0$0$664,265
97$924,267$0$0$654,138
98$907,035$0$0$640,523
99$884,533$0$0$622,990
100$856,113$0$0$601,058