Can I retire at age 62 with 466,000?

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 $466,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$38,482$38,139$37,805$37,478$37,159$36,454
2 years$19,050$18,696$18,352$18,018$17,695$16,987
3 years$12,574$12,218$11,875$11,545$11,226$10,538
4 years$9,337$8,981$8,642$8,317$8,007$7,343
5 years$7,395$7,042$6,706$6,388$6,087$5,450
6 years$6,100$5,750$5,420$5,109$4,816$4,207
7 years$5,176$4,829$4,504$4,200$3,917$3,335
8 years$4,484$4,139$3,820$3,524$3,249$2,695
9 years$3,945$3,604$3,290$3,001$2,736$2,209
10 years$3,514$3,177$2,868$2,587$2,332$1,831
11 years$3,162$2,828$2,525$2,252$2,005$1,531
12 years$2,869$2,538$2,241$1,975$1,738$1,288
13 years$2,621$2,294$2,002$1,744$1,515$1,091
14 years$2,409$2,085$1,799$1,548$1,328$927
15 years$2,225$1,905$1,624$1,380$1,170$792
16 years$2,065$1,748$1,473$1,236$1,034$678
17 years$1,923$1,609$1,340$1,110$917$582
18 years$1,797$1,487$1,223$1,001$815$501
19 years$1,685$1,378$1,120$904$726$432
20 years$1,584$1,281$1,028$819$649$373
21 years$1,493$1,193$945$743$581$323
22 years$1,410$1,114$871$676$520$279
23 years$1,334$1,042$804$615$467$242
24 years$1,265$976$744$561$420$210
25 years$1,201$916$689$513$378$182
26 years$1,143$861$639$469$340$159
27 years$1,089$810$593$429$307$138
28 years$1,039$763$552$393$277$120
29 years$992$720$513$360$250$104
30 years$949$680$478$331$226$91
31 years$908$643$446$304$204$79
32 years$870$608$416$279$185$69
33 years$835$576$388$257$167$60
34 years$801$546$363$236$151$52
35 years$770$518$339$217$137$46
36 years$740$491$317$200$124$40
37 years$712$467$297$185$113$35
38 years$686$444$278$170$102$30
39 years$661$422$261$157$93$26
40 years$637$401$244$145$84$23
41 years$615$382$229$133$76$20
42 years$593$364$215$123$69$17
43 years$573$347$202$114$63$15
44 years$554$330$189$105$57$13
45 years$535$315$178$97$52$12
46 years$518$301$167$90$47$10
47 years$501$287$157$83$43$9
48 years$485$274$147$76$39$8
49 years$470$262$138$71$35$7
50 years$455$250$130$65$32$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $466,000, adding $3,897 every year, while hoping to spend $31,474 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: 57/38/5 Blend
61$466,000$466,000$466,000$466,000
62$517,552$492,854$485,631$546,336
63$536,854$483,515$468,411$556,790
64$557,070$472,665$449,560$564,272
65$578,260$460,194$428,989$571,634
66$600,489$445,990$406,607$578,866
67$623,828$429,933$382,317$585,961
68$648,353$411,894$356,019$592,910
69$674,148$391,740$327,609$599,708
70$701,303$369,327$296,976$606,347
71$729,918$344,506$264,006$612,826
72$760,099$317,116$228,580$619,141
73$791,964$286,990$190,572$625,294
74$825,641$253,949$149,853$631,285
75$861,269$217,805$106,286$637,122
76$899,001$178,360$59,729$642,814
77$939,003$135,403$10,034$648,373
78$981,456$88,713$0$653,818
79$1,026,560$38,056$0$661,465
80$1,074,532$0$0$669,772
81$1,125,610$0$0$685,278
82$1,180,054$0$0$718,791
83$1,238,151$0$0$754,576
84$1,300,211$0$0$792,830
85$1,366,578$0$0$833,765
86$1,437,628$0$0$877,618
87$1,513,772$0$0$924,647
88$1,595,462$0$0$975,134
89$1,683,195$0$0$1,029,390
90$1,777,513$0$0$1,087,757
91$1,879,014$0$0$1,150,608
92$1,988,355$0$0$1,218,354
93$2,106,256$0$0$1,291,448
94$2,233,507$0$0$1,370,385
95$2,370,980$0$0$1,455,711
96$2,519,628$0$0$1,548,025
97$2,680,504$0$0$1,647,986
98$2,854,760$0$0$1,756,317
99$3,043,668$0$0$1,873,816
100$3,248,622$0$0$2,001,358