Can I retire at age 62 with 463,000?

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 $463,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$38,234$37,894$37,561$37,237$36,920$36,657
2 years$18,928$18,575$18,234$17,902$17,581$17,315
3 years$12,493$12,139$11,798$11,470$11,154$10,895
4 years$9,277$8,924$8,586$8,264$7,955$7,704
5 years$7,347$6,996$6,663$6,347$6,047$5,805
6 years$6,061$5,713$5,385$5,076$4,785$4,551
7 years$5,143$4,798$4,475$4,173$3,892$3,667
8 years$4,455$4,113$3,795$3,501$3,228$3,013
9 years$3,920$3,581$3,269$2,982$2,719$2,513
10 years$3,492$3,156$2,850$2,570$2,317$2,119
11 years$3,142$2,810$2,509$2,237$1,992$1,804
12 years$2,851$2,522$2,227$1,962$1,727$1,547
13 years$2,604$2,279$1,989$1,732$1,506$1,334
14 years$2,394$2,072$1,787$1,538$1,320$1,157
15 years$2,211$1,892$1,614$1,371$1,162$1,007
16 years$2,051$1,736$1,463$1,228$1,027$880
17 years$1,911$1,599$1,331$1,103$911$771
18 years$1,786$1,478$1,215$994$810$678
19 years$1,674$1,369$1,113$898$722$597
20 years$1,574$1,273$1,021$814$645$527
21 years$1,483$1,185$939$738$577$466
22 years$1,401$1,106$866$671$517$412
23 years$1,326$1,035$799$612$464$365
24 years$1,257$970$739$558$417$324
25 years$1,194$910$685$509$375$288
26 years$1,136$855$635$466$338$256
27 years$1,082$805$590$426$305$228
28 years$1,032$758$548$391$275$203
29 years$986$715$510$358$248$181
30 years$942$676$475$329$224$161
31 years$902$639$443$302$203$144
32 years$864$604$413$277$184$128
33 years$829$572$386$255$166$114
34 years$796$542$361$235$150$102
35 years$765$514$337$216$136$91
36 years$735$488$315$199$123$81
37 years$708$464$295$183$112$73
38 years$681$441$276$169$101$65
39 years$657$419$259$156$92$58
40 years$633$399$243$144$83$52
41 years$611$380$228$133$76$46
42 years$589$362$213$122$69$42
43 years$569$344$200$113$62$37
44 years$550$328$188$104$57$33
45 years$532$313$177$96$51$30
46 years$514$299$166$89$47$27
47 years$498$285$156$82$42$24
48 years$482$272$146$76$38$21
49 years$467$260$138$70$35$19
50 years$452$248$129$65$32$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $463,000, adding $3,127 every year, while hoping to spend $21,639 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: 66/15/19 Blend
61$463,000$463,000$463,000$463,000
62$513,452$488,913$481,736$544,709
63$542,800$489,845$474,850$566,976
64$574,416$490,099$467,009$588,530
65$608,510$489,617$458,157$611,574
66$645,309$488,339$448,236$636,252
67$685,066$486,203$437,187$662,727
68$728,057$483,141$424,947$691,176
69$774,586$479,083$411,451$721,797
70$824,988$473,952$396,628$754,808
71$879,629$467,668$380,408$790,449
72$938,915$460,147$362,715$828,986
73$1,003,288$451,298$343,470$870,713
74$1,073,239$441,028$322,592$915,954
75$1,149,305$429,233$299,994$965,068
76$1,232,077$415,809$275,587$1,018,450
77$1,322,207$400,641$249,277$1,076,538
78$1,420,410$383,611$220,966$1,139,815
79$1,527,475$364,591$190,551$1,208,814
80$1,644,270$343,448$157,927$1,284,124
81$1,771,749$320,040$122,981$1,366,396
82$1,910,963$294,218$85,597$1,456,348
83$2,063,070$265,824$45,653$1,554,773
84$2,229,343$234,689$3,022$1,662,546
85$2,411,185$200,638$0$1,780,633
86$2,610,140$163,483$0$1,918,712
87$2,827,908$123,027$0$2,070,563
88$3,066,362$79,063$0$2,236,901
89$3,327,563$31,370$0$2,419,192
90$3,613,783$0$0$2,619,050
91$3,927,521$0$0$2,841,604
92$4,271,533$0$0$3,091,339
93$4,648,851$0$0$3,365,283
94$5,062,816$0$0$3,665,867
95$5,517,109$0$0$3,995,766
96$6,015,783$0$0$4,357,929
97$6,563,304$0$0$4,755,601
98$7,164,590$0$0$5,192,361
99$7,825,060$0$0$5,672,148
100$8,550,683$0$0$6,199,304