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%12.6%
1 years$38,482$38,139$37,805$37,478$37,159$36,756
2 years$19,050$18,696$18,352$18,018$17,695$17,289
3 years$12,574$12,218$11,875$11,545$11,226$10,830
4 years$9,337$8,981$8,642$8,317$8,007$7,623
5 years$7,395$7,042$6,706$6,388$6,087$5,717
6 years$6,100$5,750$5,420$5,109$4,816$4,461
7 years$5,176$4,829$4,504$4,200$3,917$3,576
8 years$4,484$4,139$3,820$3,524$3,249$2,924
9 years$3,945$3,604$3,290$3,001$2,736$2,425
10 years$3,514$3,177$2,868$2,587$2,332$2,035
11 years$3,162$2,828$2,525$2,252$2,005$1,722
12 years$2,869$2,538$2,241$1,975$1,738$1,468
13 years$2,621$2,294$2,002$1,744$1,515$1,259
14 years$2,409$2,085$1,799$1,548$1,328$1,085
15 years$2,225$1,905$1,624$1,380$1,170$939
16 years$2,065$1,748$1,473$1,236$1,034$816
17 years$1,923$1,609$1,340$1,110$917$710
18 years$1,797$1,487$1,223$1,001$815$620
19 years$1,685$1,378$1,120$904$726$543
20 years$1,584$1,281$1,028$819$649$476
21 years$1,493$1,193$945$743$581$418
22 years$1,410$1,114$871$676$520$367
23 years$1,334$1,042$804$615$467$323
24 years$1,265$976$744$561$420$285
25 years$1,201$916$689$513$378$251
26 years$1,143$861$639$469$340$222
27 years$1,089$810$593$429$307$196
28 years$1,039$763$552$393$277$173
29 years$992$720$513$360$250$153
30 years$949$680$478$331$226$136
31 years$908$643$446$304$204$120
32 years$870$608$416$279$185$106
33 years$835$576$388$257$167$94
34 years$801$546$363$236$151$83
35 years$770$518$339$217$137$74
36 years$740$491$317$200$124$66
37 years$712$467$297$185$113$58
38 years$686$444$278$170$102$52
39 years$661$422$261$157$93$46
40 years$637$401$244$145$84$41
41 years$615$382$229$133$76$36
42 years$593$364$215$123$69$32
43 years$573$347$202$114$63$28
44 years$554$330$189$105$57$25
45 years$535$315$178$97$52$22
46 years$518$301$167$90$47$20
47 years$501$287$157$83$43$18
48 years$485$274$147$76$39$16
49 years$470$262$138$71$35$14
50 years$455$250$130$65$32$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $466,000, adding $2,487 every year, while hoping to spend $26,142 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: 67/8/25 Blend
61$466,000$466,000$466,000$466,000
62$516,097$491,399$484,176$547,186
63$540,924$487,663$472,581$564,657
64$567,408$482,867$459,722$580,556
65$595,688$476,933$445,528$597,344
66$625,922$469,776$429,926$615,110
67$658,277$461,306$412,840$633,951
68$692,941$451,430$394,189$653,977
69$730,117$440,046$373,891$675,309
70$770,030$427,049$351,857$698,079
71$812,925$412,327$327,997$722,438
72$859,073$395,760$302,214$748,550
73$908,769$377,224$274,409$776,596
74$962,340$356,584$244,478$806,781
75$1,020,143$333,701$212,312$839,327
76$1,082,570$308,425$177,798$874,483
77$1,150,054$280,599$140,815$912,524
78$1,223,068$250,058$101,242$953,755
79$1,302,135$216,624$58,947$998,512
80$1,387,828$180,113$13,797$1,047,169
81$1,480,776$140,329$0$1,100,137
82$1,581,675$97,064$0$1,167,047
83$1,691,285$50,100$0$1,243,755
84$1,810,447$0$0$1,327,176
85$1,940,082$0$0$1,418,041
86$2,081,207$0$0$1,521,785
87$2,234,938$0$0$1,634,824
88$2,402,506$0$0$1,758,063
89$2,585,263$0$0$1,892,502
90$2,784,699$0$0$2,039,240
91$3,002,453$0$0$2,199,487
92$3,240,331$0$0$2,374,575
93$3,500,317$0$0$2,565,970
94$3,784,601$0$0$2,775,287
95$4,095,591$0$0$3,004,304
96$4,435,937$0$0$3,254,977
97$4,808,561$0$0$3,529,461
98$5,216,677$0$0$3,830,132
99$5,663,827$0$0$4,159,602
100$6,153,910$0$0$4,520,750