Can I retire at age 62 with 536,000?

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 $536,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$44,262$43,868$43,483$43,108$42,741$41,964
2 years$21,912$21,504$21,108$20,725$20,353$19,573
3 years$14,463$14,053$13,659$13,279$12,913$12,154
4 years$10,739$10,331$9,940$9,567$9,210$8,478
5 years$8,505$8,099$7,714$7,348$7,001$6,298
6 years$7,017$6,614$6,234$5,876$5,540$4,867
7 years$5,954$5,554$5,180$4,831$4,505$3,863
8 years$5,157$4,761$4,393$4,053$3,737$3,125
9 years$4,538$4,145$3,784$3,452$3,147$2,565
10 years$4,042$3,654$3,299$2,976$2,682$2,128
11 years$3,637$3,253$2,904$2,590$2,306$1,781
12 years$3,300$2,920$2,578$2,272$1,999$1,501
13 years$3,015$2,638$2,303$2,005$1,743$1,273
14 years$2,771$2,398$2,069$1,780$1,528$1,084
15 years$2,559$2,191$1,868$1,588$1,345$926
16 years$2,375$2,010$1,694$1,422$1,189$794
17 years$2,212$1,851$1,541$1,277$1,054$683
18 years$2,067$1,711$1,407$1,151$937$589
19 years$1,938$1,585$1,288$1,040$835$508
20 years$1,822$1,473$1,182$942$746$440
21 years$1,717$1,372$1,087$855$668$381
22 years$1,621$1,281$1,002$777$599$330
23 years$1,534$1,198$925$708$537$287
24 years$1,455$1,122$856$646$483$249
25 years$1,382$1,053$793$590$435$217
26 years$1,315$990$735$539$391$189
27 years$1,252$932$683$494$353$164
28 years$1,195$878$635$452$318$143
29 years$1,141$828$590$415$288$125
30 years$1,091$782$550$381$260$109
31 years$1,044$739$513$349$235$95
32 years$1,001$700$478$321$212$83
33 years$960$663$447$295$192$72
34 years$921$628$417$272$174$63
35 years$885$596$390$250$158$55
36 years$851$565$365$230$143$48
37 years$819$537$342$212$130$42
38 years$789$510$320$196$117$37
39 years$760$485$300$180$106$32
40 years$733$462$281$166$97$28
41 years$707$439$263$154$88$24
42 years$682$419$247$142$79$21
43 years$659$399$232$131$72$19
44 years$637$380$218$121$65$16
45 years$616$362$204$112$59$14
46 years$595$346$192$103$54$12
47 years$576$330$180$95$49$11
48 years$558$315$169$88$45$9
49 years$540$301$159$81$40$8
50 years$523$287$150$75$37$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $536,000, adding $5,642 every year, while hoping to spend $22,354 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: 54/35/11 Blend
61$536,000$536,000$536,000$536,000
62$596,492$568,084$559,776$626,729
63$633,549$572,135$554,744$651,944
64$673,638$575,636$548,794$676,465
65$717,042$578,536$541,872$702,631
66$764,077$580,781$533,921$730,601
67$815,087$582,313$524,882$760,553
68$870,452$583,072$514,691$792,684
69$930,589$582,994$503,284$827,212
70$995,957$582,009$490,593$864,375
71$1,067,063$580,045$476,545$904,441
72$1,144,461$577,025$461,067$947,704
73$1,228,763$572,866$444,080$994,487
74$1,320,642$567,482$425,502$1,045,152
75$1,420,839$560,780$405,248$1,100,094
76$1,530,169$552,663$383,228$1,159,753
77$1,649,530$543,027$359,350$1,224,615
78$1,779,909$531,762$333,515$1,295,215
79$1,922,393$518,752$305,621$1,372,148
80$2,078,180$503,874$275,563$1,456,068
81$2,248,589$486,998$243,228$1,547,698
82$2,435,069$467,985$208,501$1,647,840
83$2,639,220$446,690$171,260$1,757,377
84$2,862,801$422,959$131,378$1,877,284
85$3,107,751$396,628$88,722$2,008,641
86$3,376,203$367,524$43,156$2,152,639
87$3,670,508$335,466$0$2,310,592
88$3,993,256$300,259$0$2,484,596
89$4,347,296$261,700$0$2,681,060
90$4,735,771$219,574$0$2,896,704
91$5,162,140$173,653$0$3,133,502
92$5,630,212$123,696$0$3,393,633
93$6,144,186$69,450$0$3,679,503
94$6,708,686$10,646$0$3,993,764
95$7,328,806$0$0$4,339,343
96$8,010,156$0$0$4,739,883
97$8,758,919$0$0$5,184,613
98$9,581,906$0$0$5,673,485
99$10,486,618$0$0$6,210,963
100$11,481,323$0$0$6,801,965