Can I retire at age 62 with 464,000?

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 $464,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$38,317$37,975$37,642$37,317$37,000$36,782
2 years$18,969$18,615$18,273$17,941$17,619$17,399
3 years$12,520$12,165$11,824$11,495$11,178$10,963
4 years$9,297$8,943$8,605$8,282$7,972$7,764
5 years$7,363$7,011$6,678$6,361$6,061$5,859
6 years$6,074$5,725$5,397$5,087$4,795$4,602
7 years$5,154$4,808$4,485$4,182$3,900$3,714
8 years$4,464$4,121$3,803$3,508$3,235$3,057
9 years$3,928$3,588$3,276$2,988$2,725$2,553
10 years$3,499$3,163$2,856$2,576$2,322$2,158
11 years$3,149$2,816$2,514$2,242$1,997$1,840
12 years$2,857$2,527$2,231$1,966$1,730$1,581
13 years$2,610$2,284$1,994$1,736$1,509$1,366
14 years$2,399$2,076$1,791$1,541$1,323$1,187
15 years$2,216$1,897$1,617$1,374$1,165$1,035
16 years$2,056$1,740$1,466$1,231$1,029$907
17 years$1,915$1,603$1,334$1,106$913$796
18 years$1,789$1,481$1,218$996$811$701
19 years$1,678$1,372$1,115$900$723$619
20 years$1,577$1,275$1,023$815$646$547
21 years$1,486$1,188$941$740$578$485
22 years$1,404$1,109$867$673$518$430
23 years$1,328$1,037$801$613$465$382
24 years$1,260$972$741$559$418$340
25 years$1,196$912$686$510$376$302
26 years$1,138$857$636$467$339$270
27 years$1,084$807$591$427$306$240
28 years$1,034$760$549$391$276$214
29 years$988$717$511$359$249$192
30 years$945$677$476$329$225$171
31 years$904$640$444$303$203$153
32 years$866$606$414$278$184$137
33 years$831$574$387$256$166$122
34 years$798$544$361$235$151$110
35 years$766$516$338$217$137$98
36 years$737$489$316$199$124$88
37 years$709$465$296$184$112$79
38 years$683$442$277$169$102$70
39 years$658$420$259$156$92$63
40 years$634$400$243$144$84$57
41 years$612$380$228$133$76$51
42 years$591$362$214$123$69$46
43 years$571$345$201$113$62$41
44 years$551$329$188$105$57$37
45 years$533$314$177$97$51$33
46 years$515$299$166$89$47$29
47 years$499$286$156$82$42$26
48 years$483$273$147$76$39$24
49 years$468$260$138$70$35$21
50 years$453$249$130$65$32$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $464,000, adding $5,104 every year, while hoping to spend $29,987 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: 46/28/26 Blend
61$464,000$464,000$464,000$464,000
62$516,593$492,001$484,809$536,290
63$537,379$484,203$469,144$542,905
64$559,281$475,018$451,949$546,759
65$582,380$464,346$433,142$550,352
66$606,766$452,082$412,635$553,675
67$632,536$438,114$390,338$556,721
68$659,797$422,324$366,157$559,483
69$688,664$404,586$339,992$561,957
70$719,266$384,769$311,739$564,141
71$751,741$362,732$281,292$566,036
72$786,239$338,327$248,536$567,643
73$822,928$311,397$213,355$568,970
74$861,989$281,778$175,624$570,027
75$903,620$249,293$135,216$570,830
76$948,040$213,759$91,996$571,397
77$995,486$174,979$45,824$571,756
78$1,046,220$132,748$0$571,938
79$1,100,528$86,846$0$572,941
80$1,158,726$37,045$0$587,486
81$1,221,156$0$0$602,949
82$1,288,199$0$0$624,654
83$1,360,267$0$0$660,294
84$1,437,818$0$0$698,684
85$1,521,352$0$0$740,078
86$1,611,417$0$0$784,754
87$1,708,618$0$0$833,016
88$1,813,618$0$0$885,199
89$1,927,146$0$0$941,673
90$2,050,003$0$0$1,002,841
91$2,183,068$0$0$1,069,150
92$2,327,312$0$0$1,141,089
93$2,483,798$0$0$1,219,197
94$2,653,697$0$0$1,304,065
95$2,838,297$0$0$1,396,347
96$3,039,015$0$0$1,496,758
97$3,257,409$0$0$1,606,087
98$3,495,195$0$0$1,725,203
99$3,754,259$0$0$1,855,060
100$4,036,677$0$0$1,996,710