Can I retire at age 62 with 543,000?

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 $543,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$44,840$44,441$44,051$43,671$43,300$42,339
2 years$22,198$21,785$21,384$20,996$20,619$19,656
3 years$14,652$14,237$13,837$13,452$13,081$12,146
4 years$10,879$10,465$10,070$9,691$9,330$8,430
5 years$8,616$8,205$7,815$7,444$7,092$6,230
6 years$7,108$6,700$6,315$5,953$5,612$4,788
7 years$6,032$5,627$5,248$4,894$4,564$3,779
8 years$5,224$4,823$4,451$4,106$3,786$3,039
9 years$4,597$4,199$3,833$3,497$3,189$2,480
10 years$4,095$3,702$3,342$3,015$2,717$2,045
11 years$3,685$3,295$2,942$2,624$2,337$1,701
12 years$3,343$2,958$2,611$2,301$2,025$1,424
13 years$3,054$2,673$2,333$2,032$1,766$1,199
14 years$2,807$2,430$2,096$1,803$1,548$1,014
15 years$2,593$2,219$1,893$1,608$1,363$861
16 years$2,406$2,036$1,716$1,440$1,204$733
17 years$2,241$1,875$1,561$1,294$1,068$626
18 years$2,094$1,733$1,425$1,166$950$536
19 years$1,963$1,606$1,305$1,054$846$459
20 years$1,845$1,492$1,198$954$756$394
21 years$1,739$1,390$1,101$866$677$339
22 years$1,643$1,298$1,015$787$606$292
23 years$1,555$1,214$937$717$544$251
24 years$1,474$1,137$867$654$489$217
25 years$1,400$1,067$803$597$440$187
26 years$1,332$1,003$745$546$397$161
27 years$1,269$944$691$500$358$139
28 years$1,210$889$643$458$323$120
29 years$1,156$839$598$420$291$104
30 years$1,105$792$557$386$263$90
31 years$1,058$749$519$354$238$78
32 years$1,014$709$485$325$215$67
33 years$972$671$453$299$195$58
34 years$934$636$423$275$176$50
35 years$897$603$395$253$160$44
36 years$862$573$370$233$145$38
37 years$830$544$346$215$131$33
38 years$799$517$324$198$119$28
39 years$770$492$304$183$108$25
40 years$742$468$285$169$98$21
41 years$716$445$267$156$89$18
42 years$691$424$250$144$81$16
43 years$668$404$235$133$73$14
44 years$645$385$221$122$66$12
45 years$624$367$207$113$60$10
46 years$603$350$194$104$55$9
47 years$584$334$183$96$50$8
48 years$565$319$172$89$45$7
49 years$547$305$161$82$41$6
50 years$530$291$152$76$37$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $543,000, adding $4,289 every year, while hoping to spend $41,406 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: 30/46/24 Blend
61$543,000$543,000$543,000$543,000
62$602,810$574,031$565,615$616,306
63$620,241$558,103$540,507$611,121
64$638,062$540,007$513,171$601,585
65$656,270$519,592$483,487$590,479
66$674,858$496,701$451,332$577,692
67$693,819$471,164$416,577$563,111
68$713,143$442,806$379,087$546,613
69$732,817$411,437$338,721$528,067
70$752,827$376,860$295,330$507,337
71$773,153$338,864$248,762$484,277
72$793,774$297,228$198,855$458,733
73$814,664$251,717$145,441$430,542
74$835,793$202,084$88,346$399,531
75$857,124$148,067$27,386$365,517
76$878,618$89,389$0$328,305
77$900,227$25,760$0$297,337
78$921,899$0$0$270,859
79$943,570$0$0$263,505
80$965,173$0$0$269,121
81$986,629$0$0$274,641
82$1,007,847$0$0$280,032
83$1,028,728$0$0$285,261
84$1,049,159$0$0$290,288
85$1,069,011$0$0$295,069
86$1,088,143$0$0$299,556
87$1,106,395$0$0$303,694
88$1,123,587$0$0$307,423
89$1,139,519$0$0$310,673
90$1,153,967$0$0$313,369
91$1,166,684$0$0$315,427
92$1,177,390$0$0$316,752
93$1,185,778$0$0$317,242
94$1,191,502$0$0$316,779
95$1,194,180$0$0$315,234
96$1,193,388$0$0$312,466
97$1,188,652$0$0$308,316
98$1,179,451$0$0$302,607
99$1,165,201$0$0$295,146
100$1,145,260$0$0$285,716