Can I retire at age 62 with 465,000?

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 $465,000?

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%
1 years$38,399$38,057$37,724$37,398$37,080$36,908
2 years$19,010$18,656$18,312$17,980$17,657$17,484
3 years$12,547$12,192$11,849$11,520$11,202$11,033
4 years$9,317$8,962$8,623$8,299$7,990$7,825
5 years$7,379$7,026$6,692$6,375$6,074$5,915
6 years$6,087$5,738$5,408$5,098$4,806$4,653
7 years$5,165$4,818$4,494$4,191$3,908$3,761
8 years$4,474$4,130$3,811$3,516$3,242$3,101
9 years$3,937$3,596$3,283$2,995$2,731$2,595
10 years$3,507$3,170$2,862$2,582$2,327$2,197
11 years$3,156$2,822$2,520$2,247$2,001$1,877
12 years$2,863$2,533$2,236$1,971$1,734$1,615
13 years$2,616$2,289$1,998$1,740$1,512$1,399
14 years$2,404$2,081$1,795$1,544$1,325$1,217
15 years$2,220$1,901$1,621$1,377$1,167$1,064
16 years$2,060$1,744$1,469$1,233$1,031$934
17 years$1,919$1,606$1,337$1,108$915$822
18 years$1,793$1,484$1,221$999$813$725
19 years$1,681$1,375$1,117$902$725$641
20 years$1,580$1,278$1,025$817$647$568
21 years$1,489$1,190$943$742$579$505
22 years$1,407$1,111$869$674$519$449
23 years$1,331$1,039$803$614$466$399
24 years$1,262$974$742$560$419$356
25 years$1,199$914$688$512$377$318
26 years$1,140$859$638$468$340$284
27 years$1,086$808$592$428$306$254
28 years$1,036$762$550$392$276$227
29 years$990$719$512$360$249$203
30 years$947$679$477$330$225$182
31 years$906$641$445$303$204$163
32 years$868$607$415$279$184$146
33 years$833$575$388$256$167$131
34 years$799$545$362$236$151$118
35 years$768$517$339$217$137$106
36 years$739$490$317$200$124$95
37 years$711$466$296$184$112$85
38 years$684$443$278$170$102$76
39 years$659$421$260$157$92$69
40 years$636$400$244$144$84$62
41 years$613$381$229$133$76$55
42 years$592$363$214$123$69$50
43 years$572$346$201$113$63$45
44 years$552$330$189$105$57$40
45 years$534$314$177$97$52$36
46 years$517$300$167$89$47$33
47 years$500$286$156$83$43$29
48 years$484$273$147$76$39$26
49 years$469$261$138$71$35$24
50 years$454$249$130$65$32$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $465,000, adding $4,853 every year, while hoping to spend $27,917 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: 75/7/18 Blend
61$465,000$465,000$465,000$465,000
62$517,436$492,791$485,583$553,749
63$540,511$487,234$472,147$572,897
64$565,004$480,469$457,325$589,966
65$591,030$472,408$441,041$607,939
66$618,715$462,956$423,216$626,896
67$648,197$452,015$403,767$646,930
68$679,628$439,477$382,607$668,141
69$713,171$425,233$359,646$690,641
70$749,009$409,164$334,789$714,554
71$787,340$391,145$307,936$740,016
72$828,381$371,044$278,985$767,178
73$872,372$348,721$247,826$796,207
74$919,574$324,028$214,349$827,288
75$970,274$296,810$178,433$860,625
76$1,024,789$266,900$139,957$896,444
77$1,083,463$234,124$98,792$934,994
78$1,146,678$198,297$54,803$976,551
79$1,214,851$159,226$7,851$1,021,421
80$1,288,441$116,703$0$1,069,939
81$1,367,952$70,511$0$1,130,595
82$1,453,937$20,421$0$1,197,820
83$1,547,007$0$0$1,270,591
84$1,647,830$0$0$1,352,047
85$1,757,142$0$0$1,442,082
86$1,875,752$0$0$1,539,792
87$2,004,552$0$0$1,645,914
88$2,144,520$0$0$1,761,255
89$2,296,732$0$0$1,886,706
90$2,462,375$0$0$2,023,246
91$2,642,751$0$0$2,171,953
92$2,839,296$0$0$2,334,010
93$3,053,589$0$0$2,510,724
94$3,287,367$0$0$2,703,530
95$3,542,544$0$0$2,914,009
96$3,821,224$0$0$3,143,900
97$4,125,725$0$0$3,395,119
98$4,458,601$0$0$3,669,774
99$4,822,659$0$0$3,970,188
100$5,220,993$0$0$4,298,915