Can I retire at age 62 with 482,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $482,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$39,803$39,449$39,103$38,765$38,435$37,131
2 years$19,705$19,338$18,982$18,637$18,303$17,001
3 years$13,006$12,637$12,283$11,941$11,612$10,355
4 years$9,657$9,290$8,939$8,603$8,282$7,078
5 years$7,649$7,283$6,937$6,608$6,296$5,149
6 years$6,310$5,947$5,606$5,284$4,982$3,893
7 years$5,354$4,995$4,658$4,344$4,051$3,021
8 years$4,637$4,281$3,951$3,644$3,361$2,387
9 years$4,080$3,728$3,403$3,104$2,830$1,912
10 years$3,635$3,286$2,967$2,676$2,412$1,548
11 years$3,271$2,925$2,612$2,329$2,074$1,263
12 years$2,968$2,625$2,318$2,043$1,797$1,037
13 years$2,711$2,373$2,071$1,803$1,567$855
14 years$2,492$2,157$1,861$1,601$1,374$709
15 years$2,302$1,970$1,680$1,428$1,210$589
16 years$2,135$1,808$1,523$1,278$1,069$491
17 years$1,989$1,665$1,386$1,149$948$410
18 years$1,859$1,538$1,265$1,035$843$343
19 years$1,743$1,426$1,158$935$751$288
20 years$1,638$1,325$1,063$847$671$241
21 years$1,544$1,234$978$769$601$203
22 years$1,458$1,152$901$699$538$170
23 years$1,380$1,077$832$637$483$143
24 years$1,308$1,009$770$581$434$121
25 years$1,243$947$713$530$391$102
26 years$1,182$890$661$485$352$86
27 years$1,126$838$614$444$317$72
28 years$1,074$789$571$407$286$61
29 years$1,026$745$531$373$259$51
30 years$981$703$495$342$234$43
31 years$939$665$461$314$211$37
32 years$900$629$430$289$191$31
33 years$863$596$402$266$173$26
34 years$829$565$375$244$157$22
35 years$796$536$351$225$142$19
36 years$766$508$328$207$128$16
37 years$737$483$307$191$116$13
38 years$709$459$288$176$106$11
39 years$683$436$270$162$96$9
40 years$659$415$253$150$87$8
41 years$636$395$237$138$79$7
42 years$614$376$222$127$71$6
43 years$593$359$209$118$65$5
44 years$573$342$196$109$59$4
45 years$554$326$184$100$53$3
46 years$535$311$173$93$49$3
47 years$518$297$162$86$44$2
48 years$502$283$152$79$40$2
49 years$486$271$143$73$36$2
50 years$471$258$135$68$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $482,000, adding $2,191 every year, while hoping to spend $37,549 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: 62/10/28 Blend
61$482,000$482,000$482,000$482,000
62$533,424$507,878$500,407$562,366
63$547,881$492,812$477,219$567,225
64$562,555$475,750$451,995$568,259
65$577,427$456,553$424,629$568,588
66$592,477$435,077$395,006$568,150
67$607,681$411,167$363,010$566,878
68$623,011$384,660$328,518$564,700
69$638,436$355,386$291,400$561,541
70$653,917$323,161$251,523$557,316
71$669,414$287,793$208,747$551,937
72$684,879$249,080$162,925$545,307
73$700,258$206,806$113,904$537,323
74$715,489$160,744$61,524$527,873
75$730,504$110,655$5,620$516,837
76$745,224$56,286$0$504,085
77$759,562$0$0$505,621
78$773,420$0$0$508,280
79$786,688$0$0$516,711
80$799,242$0$0$524,633
81$810,944$0$0$531,953
82$821,640$0$0$538,565
83$831,159$0$0$544,350
84$839,309$0$0$549,177
85$845,876$0$0$552,899
86$850,623$0$0$555,354
87$853,286$0$0$556,360
88$853,572$0$0$555,716
89$851,154$0$0$553,198
90$845,671$0$0$548,559
91$836,721$0$0$541,523
92$823,859$0$0$531,785
93$806,592$0$0$519,007
94$784,372$0$0$502,815
95$756,594$0$0$482,794
96$722,588$0$0$458,484
97$681,611$0$0$429,378
98$632,843$0$0$394,913
99$575,373$0$0$354,467
100$508,198$0$0$307,353