Can I retire at age 62 with 468,000?

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 $468,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$38,647$38,303$37,967$37,639$37,319$36,776
2 years$19,132$18,776$18,431$18,096$17,771$17,226
3 years$12,628$12,270$11,926$11,594$11,275$10,743
4 years$9,377$9,020$8,679$8,353$8,041$7,528
5 years$7,426$7,072$6,735$6,416$6,113$5,619
6 years$6,127$5,775$5,443$5,131$4,837$4,363
7 years$5,198$4,849$4,523$4,218$3,934$3,481
8 years$4,503$4,157$3,836$3,539$3,263$2,831
9 years$3,962$3,619$3,304$3,014$2,748$2,335
10 years$3,529$3,190$2,880$2,598$2,342$1,949
11 years$3,176$2,840$2,536$2,261$2,014$1,640
12 years$2,882$2,549$2,251$1,983$1,745$1,391
13 years$2,633$2,304$2,011$1,751$1,522$1,186
14 years$2,419$2,094$1,807$1,554$1,334$1,016
15 years$2,235$1,913$1,631$1,386$1,175$874
16 years$2,073$1,755$1,479$1,241$1,038$754
17 years$1,931$1,616$1,346$1,115$920$653
18 years$1,805$1,494$1,228$1,005$818$566
19 years$1,692$1,384$1,125$908$729$492
20 years$1,591$1,286$1,032$822$652$428
21 years$1,499$1,198$949$746$583$374
22 years$1,416$1,118$875$679$523$326
23 years$1,340$1,046$808$618$469$285
24 years$1,270$980$747$564$422$250
25 years$1,207$920$692$515$379$219
26 years$1,148$864$642$471$342$192
27 years$1,093$813$596$431$308$168
28 years$1,043$767$554$395$278$147
29 years$996$723$516$362$251$129
30 years$953$683$480$332$227$114
31 years$912$646$448$305$205$100
32 years$874$611$418$280$186$88
33 years$838$579$390$258$168$77
34 years$805$548$364$237$152$68
35 years$773$520$341$218$138$60
36 years$743$494$319$201$125$53
37 years$715$469$298$185$113$46
38 years$689$446$279$171$103$41
39 years$664$424$262$158$93$36
40 years$640$403$245$145$84$32
41 years$617$384$230$134$76$28
42 years$596$365$216$124$69$24
43 years$575$348$202$114$63$22
44 years$556$332$190$105$57$19
45 years$538$316$178$97$52$17
46 years$520$302$168$90$47$15
47 years$503$288$157$83$43$13
48 years$487$275$148$77$39$11
49 years$472$263$139$71$35$10
50 years$457$251$131$66$32$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $468,000, adding $4,074 every year, while hoping to spend $29,994 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: 56/37/7 Blend
61$468,000$468,000$468,000$468,000
62$519,938$495,134$487,880$548,010
63$541,059$487,483$472,311$559,750
64$563,328$478,451$455,215$568,829
65$586,832$467,939$436,509$577,981
66$611,664$455,843$416,107$587,217
67$637,925$442,051$393,918$596,551
68$665,726$426,445$369,847$605,997
69$695,190$408,900$343,797$615,577
70$726,448$389,285$315,663$625,312
71$759,646$367,459$285,337$635,231
72$794,941$343,276$252,707$645,365
73$832,507$316,579$217,655$655,754
74$872,534$287,203$180,058$666,440
75$915,231$254,974$139,788$677,476
76$960,823$219,706$96,710$688,920
77$1,009,562$181,207$50,684$700,842
78$1,061,720$139,268$1,565$713,319
79$1,117,597$93,675$0$726,442
80$1,177,523$44,195$0$744,110
81$1,241,858$0$0$763,015
82$1,310,998$0$0$787,016
83$1,385,379$0$0$832,224
84$1,465,477$0$0$880,939
85$1,551,816$0$0$933,482
86$1,644,974$0$0$990,210
87$1,745,582$0$0$1,051,512
88$1,854,336$0$0$1,117,816
89$1,972,001$0$0$1,189,593
90$2,099,415$0$0$1,267,361
91$2,237,503$0$0$1,351,689
92$2,387,281$0$0$1,443,203
93$2,549,864$0$0$1,542,590
94$2,726,483$0$0$1,650,609
95$2,918,487$0$0$1,768,092
96$3,127,364$0$0$1,895,955
97$3,354,748$0$0$2,035,208
98$3,602,440$0$0$2,186,959
99$3,872,420$0$0$2,352,429
100$4,166,868$0$0$2,532,963