Can I retire at age 62 with 552,000?

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 $552,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$45,584$45,178$44,781$44,395$44,017$42,988
2 years$22,566$22,146$21,739$21,344$20,961$19,930
3 years$14,895$14,473$14,066$13,675$13,298$12,298
4 years$11,060$10,639$10,237$9,852$9,484$8,522
5 years$8,759$8,341$7,944$7,567$7,210$6,288
6 years$7,226$6,811$6,420$6,052$5,705$4,825
7 years$6,132$5,720$5,335$4,975$4,640$3,801
8 years$5,311$4,903$4,525$4,174$3,849$3,052
9 years$4,673$4,269$3,897$3,555$3,241$2,486
10 years$4,163$3,763$3,397$3,065$2,762$2,046
11 years$3,746$3,350$2,991$2,667$2,375$1,699
12 years$3,399$3,007$2,655$2,339$2,058$1,420
13 years$3,105$2,717$2,372$2,065$1,795$1,193
14 years$2,854$2,470$2,131$1,833$1,573$1,007
15 years$2,636$2,256$1,924$1,635$1,385$853
16 years$2,446$2,070$1,744$1,464$1,224$725
17 years$2,278$1,906$1,587$1,315$1,086$617
18 years$2,129$1,762$1,449$1,185$965$527
19 years$1,996$1,633$1,326$1,071$860$451
20 years$1,876$1,517$1,217$970$769$386
21 years$1,768$1,413$1,120$880$688$331
22 years$1,670$1,319$1,032$801$616$284
23 years$1,580$1,234$953$729$553$244
24 years$1,498$1,156$881$665$497$210
25 years$1,423$1,085$816$607$448$181
26 years$1,354$1,020$757$555$403$156
27 years$1,290$960$703$508$363$134
28 years$1,230$904$653$466$328$116
29 years$1,175$853$608$427$296$100
30 years$1,124$806$566$392$268$86
31 years$1,076$761$528$360$242$74
32 years$1,031$721$493$331$219$64
33 years$989$682$460$304$198$55
34 years$949$647$430$280$179$48
35 years$912$613$402$258$162$41
36 years$877$582$376$237$147$36
37 years$844$553$352$219$133$31
38 years$812$526$330$202$121$27
39 years$783$500$309$186$110$23
40 years$755$475$289$171$99$20
41 years$728$453$271$158$90$17
42 years$703$431$255$146$82$15
43 years$679$411$239$135$74$13
44 years$656$391$224$124$67$11
45 years$634$373$210$115$61$10
46 years$613$356$198$106$56$8
47 years$593$340$186$98$50$7
48 years$574$324$175$91$46$6
49 years$556$310$164$84$42$5
50 years$539$296$154$77$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $552,000, adding $3,304 every year, while hoping to spend $38,474 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: 63/24/13 Blend
61$552,000$552,000$552,000$552,000
62$611,712$582,456$573,900$648,159
63$633,171$570,060$552,190$660,583
64$655,529$555,768$528,463$669,423
65$678,837$539,445$502,610$678,129
66$703,151$520,950$474,520$686,689
67$728,529$500,134$444,074$695,091
68$755,036$476,838$411,148$703,322
69$782,742$450,894$375,613$711,372
70$811,720$422,126$337,334$719,230
71$842,051$390,347$296,171$726,885
72$873,824$355,357$251,976$734,330
73$907,133$316,949$204,596$741,556
74$942,081$274,900$153,871$748,559
75$978,780$228,977$99,632$755,335
76$1,017,352$178,933$41,706$761,882
77$1,057,928$124,506$0$768,203
78$1,100,652$65,423$0$777,091
79$1,145,681$1,391$0$792,121
80$1,193,184$0$0$807,543
81$1,243,349$0$0$841,334
82$1,296,376$0$0$877,460
83$1,352,488$0$0$915,706
84$1,411,926$0$0$956,238
85$1,474,953$0$0$999,239
86$1,541,857$0$0$1,044,908
87$1,612,954$0$0$1,093,463
88$1,688,589$0$0$1,145,143
89$1,769,138$0$0$1,200,210
90$1,855,016$0$0$1,258,948
91$1,946,673$0$0$1,321,671
92$2,044,607$0$0$1,388,723
93$2,149,361$0$0$1,460,480
94$2,261,529$0$0$1,537,355
95$2,381,767$0$0$1,619,800
96$2,510,789$0$0$1,708,312
97$2,649,384$0$0$1,803,435
98$2,798,414$0$0$1,905,769
99$2,958,827$0$0$2,015,970
100$3,131,663$0$0$2,134,759