Can I retire at age 62 with 536,000?

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 $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%12.2%
1 years$44,262$43,868$43,483$43,108$42,741$42,348
2 years$21,912$21,504$21,108$20,725$20,353$19,957
3 years$14,463$14,053$13,659$13,279$12,913$12,526
4 years$10,739$10,331$9,940$9,567$9,210$8,835
5 years$8,505$8,099$7,714$7,348$7,001$6,640
6 years$7,017$6,614$6,234$5,876$5,540$5,192
7 years$5,954$5,554$5,180$4,831$4,505$4,172
8 years$5,157$4,761$4,393$4,053$3,737$3,418
9 years$4,538$4,145$3,784$3,452$3,147$2,842
10 years$4,042$3,654$3,299$2,976$2,682$2,390
11 years$3,637$3,253$2,904$2,590$2,306$2,028
12 years$3,300$2,920$2,578$2,272$1,999$1,734
13 years$3,015$2,638$2,303$2,005$1,743$1,491
14 years$2,771$2,398$2,069$1,780$1,528$1,288
15 years$2,559$2,191$1,868$1,588$1,345$1,118
16 years$2,375$2,010$1,694$1,422$1,189$973
17 years$2,212$1,851$1,541$1,277$1,054$850
18 years$2,067$1,711$1,407$1,151$937$744
19 years$1,938$1,585$1,288$1,040$835$653
20 years$1,822$1,473$1,182$942$746$574
21 years$1,717$1,372$1,087$855$668$506
22 years$1,621$1,281$1,002$777$599$446
23 years$1,534$1,198$925$708$537$394
24 years$1,455$1,122$856$646$483$348
25 years$1,382$1,053$793$590$435$308
26 years$1,315$990$735$539$391$273
27 years$1,252$932$683$494$353$242
28 years$1,195$878$635$452$318$214
29 years$1,141$828$590$415$288$190
30 years$1,091$782$550$381$260$169
31 years$1,044$739$513$349$235$150
32 years$1,001$700$478$321$212$133
33 years$960$663$447$295$192$118
34 years$921$628$417$272$174$105
35 years$885$596$390$250$158$94
36 years$851$565$365$230$143$83
37 years$819$537$342$212$130$74
38 years$789$510$320$196$117$66
39 years$760$485$300$180$106$59
40 years$733$462$281$166$97$52
41 years$707$439$263$154$88$46
42 years$682$419$247$142$79$41
43 years$659$399$232$131$72$37
44 years$637$380$218$121$65$33
45 years$616$362$204$112$59$29
46 years$595$346$192$103$54$26
47 years$576$330$180$95$49$23
48 years$558$315$169$88$45$21
49 years$540$301$159$81$40$18
50 years$523$287$150$75$37$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $536,000, adding $3,665 every year, while hoping to spend $35,437 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: 63/20/17 Blend
61$536,000$536,000$536,000$536,000
62$594,452$566,044$557,736$629,151
63$617,382$556,076$538,716$642,945
64$641,462$544,431$517,871$653,653
65$666,774$530,991$495,102$664,503
66$693,404$515,628$470,306$675,512
67$721,446$498,209$443,377$686,699
68$751,005$478,592$414,201$698,086
69$782,191$456,627$382,660$709,698
70$815,128$432,155$348,633$721,566
71$849,948$405,008$311,989$733,725
72$886,798$375,009$272,596$746,215
73$925,837$341,970$230,314$759,082
74$967,238$305,692$184,995$772,381
75$1,011,191$265,966$136,487$786,172
76$1,057,905$222,570$84,631$800,526
77$1,107,605$175,270$29,261$815,521
78$1,160,542$123,820$0$831,248
79$1,216,987$67,956$0$853,221
80$1,277,239$7,405$0$882,160
81$1,341,624$0$0$912,919
82$1,410,500$0$0$958,473
83$1,484,261$0$0$1,009,028
84$1,563,337$0$0$1,063,252
85$1,648,201$0$0$1,121,473
86$1,739,371$0$0$1,184,050
87$1,837,417$0$0$1,251,379
88$1,942,963$0$0$1,323,891
89$2,056,697$0$0$1,402,063
90$2,179,370$0$0$1,486,417
91$2,311,813$0$0$1,577,527
92$2,454,934$0$0$1,676,025
93$2,609,734$0$0$1,782,604
94$2,777,312$0$0$1,898,026
95$2,958,877$0$0$2,023,130
96$3,155,757$0$0$2,158,836
97$3,369,414$0$0$2,306,159
98$3,601,455$0$0$2,466,213
99$3,853,647$0$0$2,640,225
100$4,127,935$0$0$2,829,543