Can I retire at age 62 with 526,000?

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 $526,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$43,437$43,050$42,672$42,304$41,944$41,232
2 years$21,503$21,103$20,715$20,338$19,973$19,258
3 years$14,193$13,791$13,404$13,031$12,672$11,976
4 years$10,539$10,138$9,755$9,388$9,038$8,366
5 years$8,347$7,948$7,570$7,211$6,870$6,225
6 years$6,886$6,490$6,118$5,767$5,436$4,818
7 years$5,843$5,451$5,084$4,741$4,421$3,831
8 years$5,061$4,672$4,311$3,977$3,668$3,105
9 years$4,453$4,068$3,713$3,388$3,089$2,552
10 years$3,967$3,586$3,237$2,920$2,632$2,122
11 years$3,570$3,192$2,850$2,541$2,263$1,779
12 years$3,239$2,865$2,529$2,229$1,961$1,503
13 years$2,959$2,589$2,260$1,968$1,710$1,276
14 years$2,719$2,353$2,031$1,747$1,499$1,089
15 years$2,512$2,150$1,833$1,558$1,320$933
16 years$2,330$1,973$1,662$1,395$1,167$802
17 years$2,171$1,817$1,513$1,253$1,035$691
18 years$2,029$1,679$1,381$1,130$920$597
19 years$1,902$1,556$1,264$1,021$820$516
20 years$1,788$1,446$1,160$924$732$448
21 years$1,685$1,347$1,067$839$655$389
22 years$1,591$1,257$983$763$587$338
23 years$1,506$1,176$908$695$527$294
24 years$1,428$1,102$840$634$474$256
25 years$1,356$1,034$778$579$426$223
26 years$1,290$972$721$529$384$195
27 years$1,229$914$670$484$346$170
28 years$1,172$862$623$444$313$148
29 years$1,120$813$579$407$282$130
30 years$1,071$768$540$373$255$113
31 years$1,025$726$503$343$231$99
32 years$982$687$469$315$209$87
33 years$942$650$438$290$189$76
34 years$904$616$410$267$171$66
35 years$869$584$383$245$155$58
36 years$835$555$358$226$140$51
37 years$804$527$335$208$127$44
38 years$774$501$314$192$115$39
39 years$746$476$294$177$104$34
40 years$719$453$276$163$95$30
41 years$694$431$259$151$86$26
42 years$670$411$243$139$78$23
43 years$647$391$228$128$71$20
44 years$625$373$214$119$64$18
45 years$604$356$201$109$58$15
46 years$584$339$188$101$53$13
47 years$565$324$177$93$48$12
48 years$547$309$166$86$44$10
49 years$530$295$156$80$40$9
50 years$514$282$147$74$36$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $526,000, adding $2,012 every year, while hoping to spend $35,613 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: 58/29/13 Blend
61$526,000$526,000$526,000$526,000
62$581,727$553,849$545,696$613,459
63$603,172$543,096$526,085$624,366
64$625,610$530,622$504,624$632,122
65$649,105$516,306$481,212$639,734
66$673,727$500,018$455,746$647,194
67$699,550$481,622$428,116$654,493
68$726,657$460,974$398,210$661,623
69$755,134$437,920$365,909$668,580
70$785,078$412,298$331,087$675,358
71$816,593$383,939$293,616$681,955
72$849,794$352,659$253,360$688,370
73$884,803$318,270$210,177$694,606
74$921,755$280,567$163,921$700,666
75$960,797$239,338$114,435$706,560
76$1,002,090$194,358$61,561$712,300
77$1,045,809$145,386$5,128$717,903
78$1,092,144$92,173$0$723,390
79$1,141,305$34,452$0$736,432
80$1,193,519$0$0$750,679
81$1,249,038$0$0$774,440
82$1,308,133$0$0$811,459
83$1,371,105$0$0$850,931
84$1,438,280$0$0$893,066
85$1,510,017$0$0$938,091
86$1,586,710$0$0$986,259
87$1,668,790$0$0$1,037,842
88$1,756,730$0$0$1,093,143
89$1,851,048$0$0$1,152,492
90$1,952,313$0$0$1,216,252
91$2,061,149$0$0$1,284,821
92$2,178,243$0$0$1,358,636
93$2,304,345$0$0$1,438,177
94$2,440,284$0$0$1,523,971
95$2,586,967$0$0$1,616,598
96$2,745,391$0$0$1,716,695
97$2,916,653$0$0$1,824,960
98$3,101,958$0$0$1,942,163
99$3,302,629$0$0$2,069,149
100$3,520,123$0$0$2,206,847