Can I retire at age 62 with 469,000?

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 $469,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$38,730$38,385$38,048$37,720$37,399$36,115
2 years$19,173$18,816$18,470$18,134$17,809$16,529
3 years$12,655$12,296$11,951$11,619$11,299$10,062
4 years$9,397$9,039$8,697$8,371$8,058$6,875
5 years$7,442$7,087$6,750$6,430$6,126$4,999
6 years$6,140$5,787$5,455$5,142$4,847$3,777
7 years$5,210$4,860$4,533$4,227$3,942$2,929
8 years$4,512$4,166$3,844$3,546$3,270$2,313
9 years$3,970$3,627$3,311$3,021$2,754$1,852
10 years$3,537$3,197$2,887$2,604$2,347$1,498
11 years$3,183$2,846$2,541$2,266$2,018$1,221
12 years$2,888$2,555$2,255$1,988$1,749$1,002
13 years$2,638$2,309$2,015$1,755$1,525$826
14 years$2,425$2,098$1,811$1,558$1,337$684
15 years$2,240$1,917$1,635$1,389$1,177$568
16 years$2,078$1,759$1,482$1,244$1,040$473
17 years$1,935$1,620$1,349$1,118$922$395
18 years$1,809$1,497$1,231$1,007$820$330
19 years$1,696$1,387$1,127$910$731$277
20 years$1,594$1,289$1,034$824$653$232
21 years$1,502$1,201$951$748$584$195
22 years$1,419$1,121$877$680$524$164
23 years$1,343$1,048$810$619$470$137
24 years$1,273$982$749$565$423$116
25 years$1,209$922$693$516$380$97
26 years$1,150$866$643$472$343$82
27 years$1,096$815$597$432$309$69
28 years$1,045$768$555$396$279$58
29 years$998$725$517$363$252$49
30 years$955$684$481$333$227$41
31 years$914$647$449$306$206$35
32 years$876$612$419$281$186$29
33 years$840$580$391$258$168$25
34 years$806$549$365$238$152$21
35 years$775$521$341$219$138$18
36 years$745$495$319$202$125$15
37 years$717$470$299$186$113$13
38 years$690$446$280$171$103$11
39 years$665$425$262$158$93$9
40 years$641$404$246$146$84$8
41 years$619$385$231$134$77$6
42 years$597$366$216$124$70$5
43 years$577$349$203$114$63$5
44 years$557$333$190$106$57$4
45 years$539$317$179$98$52$3
46 years$521$303$168$90$47$3
47 years$504$289$158$83$43$2
48 years$488$276$148$77$39$2
49 years$473$263$139$71$35$2
50 years$458$251$131$66$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $469,000, adding $3,006 every year, while hoping to spend $20,980 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: 32/46/22 Blend
61$469,000$469,000$469,000$469,000
62$519,939$495,082$487,812$532,968
63$550,650$497,018$481,831$544,963
64$583,790$498,346$474,947$555,769
65$619,586$499,014$467,107$566,977
66$658,285$498,967$458,256$578,635
67$700,159$498,145$448,336$590,798
68$745,508$496,487$437,289$603,528
69$794,662$493,927$425,050$616,895
70$847,982$490,395$411,554$630,977
71$905,868$485,815$396,732$645,865
72$968,756$480,110$380,513$661,658
73$1,037,130$473,196$362,821$678,468
74$1,111,519$464,985$343,577$696,423
75$1,192,507$455,382$322,699$715,663
76$1,280,735$444,288$300,102$736,349
77$1,376,910$431,598$275,696$758,657
78$1,481,810$417,201$249,386$782,788
79$1,596,289$400,979$221,076$808,963
80$1,721,291$382,807$190,662$837,432
81$1,857,851$362,553$158,038$868,472
82$2,007,112$340,078$123,092$902,394
83$2,170,330$315,234$85,708$939,542
84$2,348,888$287,866$45,764$980,302
85$2,544,311$257,807$3,133$1,025,103
86$2,758,276$224,885$0$1,074,422
87$2,992,630$188,914$0$1,138,735
88$3,249,408$149,701$0$1,210,119
89$3,530,850$107,039$0$1,288,529
90$3,839,425$60,712$0$1,374,731
91$4,177,850$10,491$0$1,469,571
92$4,549,119$0$0$1,573,989
93$4,956,528$0$0$1,711,229
94$5,403,710$0$0$1,867,769
95$5,894,666$0$0$2,039,709
96$6,433,803$0$0$2,228,602
97$7,025,974$0$0$2,436,159
98$7,676,529$0$0$2,664,264
99$8,391,358$0$0$2,914,994
100$9,176,952$0$0$3,190,635