Can I retire at age 62 with 527,000?

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 $527,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$43,519$43,132$42,753$42,384$42,024$41,075
2 years$21,544$21,143$20,754$20,377$20,011$19,060
3 years$14,220$13,817$13,429$13,056$12,696$11,773
4 years$10,559$10,157$9,773$9,406$9,055$8,166
5 years$8,363$7,963$7,584$7,225$6,883$6,032
6 years$6,899$6,503$6,129$5,778$5,447$4,633
7 years$5,854$5,461$5,093$4,750$4,430$3,655
8 years$5,070$4,681$4,320$3,985$3,675$2,938
9 years$4,461$4,076$3,720$3,394$3,095$2,395
10 years$3,974$3,592$3,244$2,926$2,637$1,974
11 years$3,576$3,198$2,856$2,546$2,268$1,641
12 years$3,245$2,870$2,534$2,233$1,965$1,373
13 years$2,964$2,594$2,264$1,972$1,714$1,156
14 years$2,724$2,358$2,034$1,750$1,502$977
15 years$2,517$2,154$1,837$1,561$1,323$829
16 years$2,335$1,976$1,665$1,398$1,169$705
17 years$2,175$1,820$1,515$1,256$1,036$601
18 years$2,032$1,682$1,383$1,132$922$514
19 years$1,905$1,559$1,266$1,023$821$440
20 years$1,791$1,448$1,162$926$734$378
21 years$1,688$1,349$1,069$841$657$325
22 years$1,594$1,259$985$764$589$279
23 years$1,509$1,178$910$696$528$240
24 years$1,431$1,104$841$635$475$207
25 years$1,359$1,036$779$580$427$178
26 years$1,292$973$723$530$385$154
27 years$1,231$916$671$485$347$133
28 years$1,175$863$624$445$313$115
29 years$1,122$814$581$408$283$99
30 years$1,073$769$541$374$255$86
31 years$1,027$727$504$344$231$74
32 years$984$688$470$316$209$64
33 years$944$651$439$290$189$55
34 years$906$617$410$267$171$48
35 years$870$586$384$246$155$41
36 years$837$556$359$227$140$36
37 years$805$528$336$209$127$31
38 years$776$502$315$192$115$27
39 years$747$477$295$177$105$23
40 years$720$454$276$164$95$20
41 years$695$432$259$151$86$17
42 years$671$411$243$139$78$15
43 years$648$392$228$129$71$13
44 years$626$374$214$119$64$11
45 years$605$356$201$110$58$10
46 years$585$340$189$101$53$8
47 years$567$324$177$94$48$7
48 years$548$310$167$86$44$6
49 years$531$296$157$80$40$5
50 years$515$283$147$74$36$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $527,000, adding $3,280 every year, while hoping to spend $37,277 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: 64/10/26 Blend
61$527,000$527,000$527,000$527,000
62$584,137$556,206$548,038$617,323
63$604,057$543,798$526,735$627,741
64$624,759$529,532$503,468$634,692
65$646,284$513,279$478,134$641,463
66$668,675$494,900$450,622$648,039
67$691,979$474,249$420,817$654,407
68$716,245$451,171$388,598$660,555
69$741,528$425,505$353,842$666,470
70$767,884$397,075$316,417$672,139
71$795,377$365,700$276,185$677,549
72$824,073$331,187$233,005$682,691
73$854,044$293,330$186,726$687,552
74$885,368$251,916$137,193$692,125
75$918,130$206,714$84,244$696,400
76$952,422$157,485$27,708$700,372
77$988,341$103,974$0$704,036
78$1,025,995$45,912$0$716,442
79$1,065,501$0$0$737,329
80$1,106,984$0$0$760,929
81$1,150,581$0$0$791,054
82$1,196,443$0$0$822,755
83$1,244,729$0$0$856,147
84$1,295,618$0$0$891,353
85$1,349,301$0$0$928,509
86$1,405,989$0$0$967,761
87$1,465,908$0$0$1,009,269
88$1,529,310$0$0$1,053,210
89$1,596,465$0$0$1,099,774
90$1,667,672$0$0$1,149,170
91$1,743,256$0$0$1,201,627
92$1,823,572$0$0$1,257,395
93$1,909,009$0$0$1,316,747
94$1,999,993$0$0$1,379,982
95$2,096,990$0$0$1,447,429
96$2,200,509$0$0$1,519,446
97$2,311,111$0$0$1,596,427
98$2,429,408$0$0$1,678,802
99$2,556,072$0$0$1,767,046
100$2,691,840$0$0$1,861,676