Can I retire at age 62 with 539,000?

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 $539,000?

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$44,510$44,114$43,727$43,349$42,981$42,199
2 years$22,035$21,624$21,227$20,841$20,467$19,682
3 years$14,544$14,132$13,735$13,353$12,985$12,222
4 years$10,799$10,388$9,996$9,620$9,261$8,525
5 years$8,553$8,145$7,757$7,389$7,040$6,334
6 years$7,056$6,651$6,269$5,909$5,571$4,894
7 years$5,987$5,585$5,209$4,858$4,530$3,884
8 years$5,186$4,788$4,418$4,075$3,758$3,143
9 years$4,563$4,168$3,805$3,471$3,165$2,579
10 years$4,065$3,674$3,317$2,992$2,697$2,140
11 years$3,658$3,271$2,921$2,604$2,319$1,791
12 years$3,319$2,936$2,592$2,284$2,010$1,510
13 years$3,032$2,653$2,316$2,017$1,753$1,280
14 years$2,786$2,412$2,081$1,790$1,536$1,090
15 years$2,574$2,203$1,879$1,597$1,353$932
16 years$2,388$2,021$1,703$1,430$1,196$799
17 years$2,224$1,862$1,550$1,284$1,060$687
18 years$2,079$1,720$1,415$1,158$943$592
19 years$1,949$1,594$1,295$1,046$840$511
20 years$1,832$1,481$1,189$947$750$442
21 years$1,726$1,380$1,093$860$672$383
22 years$1,630$1,288$1,008$782$602$332
23 years$1,543$1,205$930$712$540$288
24 years$1,463$1,129$861$649$486$251
25 years$1,390$1,059$797$593$437$218
26 years$1,322$996$739$542$394$190
27 years$1,259$937$686$496$355$165
28 years$1,201$883$638$455$320$144
29 years$1,147$833$594$417$289$125
30 years$1,097$787$553$383$261$109
31 years$1,050$744$516$351$236$95
32 years$1,006$704$481$323$214$83
33 years$965$666$449$297$193$73
34 years$927$631$420$273$175$63
35 years$890$599$392$252$159$55
36 years$856$568$367$232$144$48
37 years$824$540$344$213$130$42
38 years$793$513$322$197$118$37
39 years$764$488$301$181$107$32
40 years$737$464$283$167$97$28
41 years$711$442$265$154$88$25
42 years$686$421$249$142$80$21
43 years$663$401$233$132$73$19
44 years$640$382$219$121$66$16
45 years$619$364$206$112$60$14
46 years$599$348$193$104$54$13
47 years$579$332$181$96$49$11
48 years$561$317$170$88$45$10
49 years$543$302$160$82$41$8
50 years$526$289$151$76$37$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $539,000, adding $4,486 every year, while hoping to spend $23,823 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: 40/44/16 Blend
61$539,000$539,000$539,000$539,000
62$598,605$570,038$561,684$619,539
63$634,316$572,623$555,153$637,423
64$672,870$574,535$547,604$654,106
65$714,533$575,718$538,980$671,647
66$759,596$576,109$529,216$690,134
67$808,380$575,643$518,250$709,669
68$861,235$574,250$506,012$730,362
69$918,550$571,857$492,432$752,339
70$980,748$568,384$477,435$775,739
71$1,048,299$563,750$460,943$800,716
72$1,121,717$557,865$442,876$827,444
73$1,201,568$550,636$423,148$856,115
74$1,288,475$541,964$401,671$886,943
75$1,383,123$531,744$378,351$920,167
76$1,486,267$519,865$353,091$956,051
77$1,598,737$506,209$325,790$994,891
78$1,721,446$490,651$296,342$1,037,015
79$1,855,400$473,060$264,636$1,082,785
80$2,001,706$453,295$230,556$1,132,607
81$2,161,582$431,209$193,982$1,186,931
82$2,336,370$406,645$154,787$1,246,253
83$2,527,547$379,438$112,840$1,311,127
84$2,736,740$349,413$68,003$1,382,168
85$2,965,739$316,386$20,133$1,460,054
86$3,216,516$280,161$0$1,545,541
87$3,491,243$240,531$0$1,644,750
88$3,792,312$197,279$0$1,757,333
89$4,122,356$150,173$0$1,880,905
90$4,484,275$98,971$0$2,016,632
91$4,881,266$43,416$0$2,165,803
92$5,316,848$0$0$2,329,845
93$5,794,896$0$0$2,518,450
94$6,319,680$0$0$2,748,643
95$6,895,904$0$0$3,001,475
96$7,528,749$0$0$3,279,228
97$8,223,922$0$0$3,584,418
98$8,987,711$0$0$3,919,814
99$9,827,042$0$0$4,288,469
100$10,749,546$0$0$4,693,746