Can I retire at age 62 with 486,000?

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 $486,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$40,133$39,776$39,427$39,087$38,754$37,559
2 years$19,868$19,498$19,139$18,792$18,454$17,261
3 years$13,114$12,742$12,384$12,040$11,708$10,553
4 years$9,737$9,367$9,013$8,674$8,350$7,243
5 years$7,712$7,344$6,994$6,663$6,348$5,291
6 years$6,362$5,997$5,652$5,328$5,023$4,018
7 years$5,398$5,036$4,697$4,381$4,085$3,132
8 years$4,676$4,317$3,984$3,675$3,389$2,487
9 years$4,114$3,759$3,431$3,130$2,854$2,002
10 years$3,665$3,313$2,991$2,698$2,432$1,629
11 years$3,298$2,949$2,633$2,348$2,091$1,336
12 years$2,992$2,647$2,337$2,060$1,812$1,102
13 years$2,734$2,392$2,088$1,818$1,580$915
14 years$2,512$2,175$1,876$1,614$1,385$762
15 years$2,321$1,986$1,694$1,440$1,220$637
16 years$2,153$1,823$1,536$1,289$1,078$534
17 years$2,005$1,678$1,397$1,158$956$449
18 years$1,874$1,551$1,276$1,044$850$378
19 years$1,757$1,437$1,168$943$758$318
20 years$1,652$1,336$1,072$854$677$269
21 years$1,557$1,244$986$775$606$227
22 years$1,470$1,161$909$705$543$192
23 years$1,391$1,086$839$642$487$163
24 years$1,319$1,018$776$585$438$138
25 years$1,253$955$719$535$394$117
26 years$1,192$898$666$489$355$99
27 years$1,135$845$619$447$320$84
28 years$1,083$796$575$410$289$71
29 years$1,035$751$535$376$261$61
30 years$989$709$499$345$236$51
31 years$947$670$465$317$213$44
32 years$907$634$434$291$193$37
33 years$870$601$405$268$174$32
34 years$836$569$378$246$158$27
35 years$803$540$354$227$143$23
36 years$772$513$331$209$130$19
37 years$743$487$310$192$117$16
38 years$715$463$290$177$106$14
39 years$689$440$272$164$97$12
40 years$664$419$255$151$88$10
41 years$641$398$239$139$79$9
42 years$619$379$224$128$72$7
43 years$598$362$210$119$65$6
44 years$577$345$197$110$59$5
45 years$558$329$185$101$54$4
46 years$540$314$174$93$49$4
47 years$522$299$164$86$44$3
48 years$506$286$154$80$40$3
49 years$490$273$144$74$37$2
50 years$475$261$136$68$33$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $486,000, adding $5,609 every year, while hoping to spend $32,980 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: 48/38/14 Blend
61$486,000$486,000$486,000$486,000
62$541,358$515,600$508,067$564,979
63$561,486$505,774$489,996$572,049
64$582,561$494,361$470,216$575,865
65$604,647$481,248$448,632$579,280
66$627,809$466,317$425,149$582,267
67$652,120$449,442$399,666$584,800
68$677,660$430,488$372,078$586,853
69$704,514$409,315$342,276$588,399
70$732,775$385,772$310,143$589,411
71$762,546$359,703$275,561$589,862
72$793,937$330,940$238,404$589,727
73$827,069$299,306$198,540$588,981
74$862,073$264,615$155,834$587,597
75$899,092$226,669$110,143$585,554
76$938,284$185,260$61,317$582,830
77$979,819$140,168$9,201$579,405
78$1,023,884$91,160$0$575,261
79$1,070,684$37,990$0$577,318
80$1,120,442$0$0$580,550
81$1,173,402$0$0$591,796
82$1,229,833$0$0$620,736
83$1,290,027$0$0$651,638
84$1,354,305$0$0$684,670
85$1,423,020$0$0$720,019
86$1,496,556$0$0$757,887
87$1,575,338$0$0$798,497
88$1,659,829$0$0$842,093
89$1,750,537$0$0$888,943
90$1,848,022$0$0$939,343
91$1,952,897$0$0$993,615
92$2,065,835$0$0$1,052,114
93$2,187,576$0$0$1,115,230
94$2,318,931$0$0$1,183,391
95$2,460,794$0$0$1,257,069
96$2,614,145$0$0$1,336,781
97$2,780,061$0$0$1,423,095
98$2,959,728$0$0$1,516,637
99$3,154,449$0$0$1,618,095
100$3,365,654$0$0$1,728,224