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%11.7%
1 years$38,730$38,385$38,048$37,720$37,399$37,132
2 years$19,173$18,816$18,470$18,134$17,809$17,540
3 years$12,655$12,296$11,951$11,619$11,299$11,036
4 years$9,397$9,039$8,697$8,371$8,058$7,804
5 years$7,442$7,087$6,750$6,430$6,126$5,880
6 years$6,140$5,787$5,455$5,142$4,847$4,610
7 years$5,210$4,860$4,533$4,227$3,942$3,715
8 years$4,512$4,166$3,844$3,546$3,270$3,052
9 years$3,970$3,627$3,311$3,021$2,754$2,545
10 years$3,537$3,197$2,887$2,604$2,347$2,147
11 years$3,183$2,846$2,541$2,266$2,018$1,827
12 years$2,888$2,555$2,255$1,988$1,749$1,567
13 years$2,638$2,309$2,015$1,755$1,525$1,352
14 years$2,425$2,098$1,811$1,558$1,337$1,172
15 years$2,240$1,917$1,635$1,389$1,177$1,020
16 years$2,078$1,759$1,482$1,244$1,040$892
17 years$1,935$1,620$1,349$1,118$922$781
18 years$1,809$1,497$1,231$1,007$820$687
19 years$1,696$1,387$1,127$910$731$605
20 years$1,594$1,289$1,034$824$653$534
21 years$1,502$1,201$951$748$584$472
22 years$1,419$1,121$877$680$524$417
23 years$1,343$1,048$810$619$470$370
24 years$1,273$982$749$565$423$328
25 years$1,209$922$693$516$380$292
26 years$1,150$866$643$472$343$259
27 years$1,096$815$597$432$309$231
28 years$1,045$768$555$396$279$205
29 years$998$725$517$363$252$183
30 years$955$684$481$333$227$163
31 years$914$647$449$306$206$145
32 years$876$612$419$281$186$130
33 years$840$580$391$258$168$116
34 years$806$549$365$238$152$103
35 years$775$521$341$219$138$92
36 years$745$495$319$202$125$82
37 years$717$470$299$186$113$74
38 years$690$446$280$171$103$66
39 years$665$425$262$158$93$59
40 years$641$404$246$146$84$53
41 years$619$385$231$134$77$47
42 years$597$366$216$124$70$42
43 years$577$349$203$114$63$38
44 years$557$333$190$106$57$34
45 years$539$317$179$98$52$30
46 years$521$303$168$90$47$27
47 years$504$289$158$83$43$24
48 years$488$276$148$77$39$22
49 years$473$263$139$71$35$19
50 years$458$251$131$66$32$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $469,000, adding $3,098 every year, while hoping to spend $39,206 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: 48/43/9 Blend
61$469,000$469,000$469,000$469,000
62$520,034$495,177$487,907$543,586
63$531,362$477,725$462,537$542,627
64$542,532$458,105$435,003$537,220
65$553,486$436,168$405,191$530,445
66$564,159$411,758$372,983$522,186
67$574,479$384,709$338,253$512,319
68$584,364$354,848$300,873$500,710
69$593,722$321,989$260,705$487,215
70$602,453$285,937$217,610$471,678
71$610,441$246,486$171,438$453,933
72$617,560$203,418$122,035$433,799
73$623,668$156,502$69,240$411,084
74$628,607$105,496$12,884$385,578
75$632,202$50,142$0$357,057
76$634,257$0$0$329,815
77$634,555$0$0$305,321
78$632,854$0$0$303,466
79$628,888$0$0$300,383
80$622,360$0$0$295,913
81$612,939$0$0$289,881
82$600,261$0$0$282,093
83$583,920$0$0$272,333
84$563,470$0$0$260,365
85$538,414$0$0$245,924
86$508,202$0$0$228,719
87$472,227$0$0$208,426
88$429,816$0$0$184,690
89$380,226$0$0$157,115
90$322,635$0$0$125,265
91$256,134$0$0$88,659
92$179,718$0$0$46,763
93$92,278$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0