Can I retire at age 62 with 565,000?

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 $565,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$46,657$46,242$45,836$45,440$45,054$44,472
2 years$23,098$22,667$22,251$21,846$21,454$20,869
3 years$15,245$14,813$14,398$13,997$13,611$13,041
4 years$11,320$10,889$10,478$10,084$9,708$9,157
5 years$8,966$8,537$8,131$7,746$7,380$6,849
6 years$7,396$6,971$6,571$6,194$5,839$5,330
7 years$6,276$5,855$5,461$5,093$4,749$4,261
8 years$5,436$5,018$4,631$4,272$3,940$3,473
9 years$4,783$4,370$3,989$3,639$3,318$2,873
10 years$4,261$3,852$3,477$3,137$2,827$2,403
11 years$3,834$3,429$3,062$2,730$2,431$2,028
12 years$3,479$3,077$2,717$2,394$2,107$1,723
13 years$3,178$2,781$2,427$2,114$1,837$1,473
14 years$2,921$2,528$2,181$1,877$1,611$1,265
15 years$2,698$2,309$1,969$1,674$1,418$1,091
16 years$2,503$2,119$1,785$1,498$1,253$945
17 years$2,331$1,951$1,625$1,346$1,111$820
18 years$2,179$1,803$1,483$1,213$988$713
19 years$2,043$1,671$1,358$1,096$881$622
20 years$1,920$1,553$1,246$993$787$543
21 years$1,810$1,446$1,146$901$704$475
22 years$1,709$1,350$1,056$819$631$416
23 years$1,618$1,263$975$746$566$365
24 years$1,534$1,183$902$681$509$320
25 years$1,457$1,110$835$622$458$281
26 years$1,386$1,044$775$568$413$247
27 years$1,320$982$719$520$372$218
28 years$1,259$925$669$477$336$192
29 years$1,203$873$622$437$303$169
30 years$1,150$824$580$401$274$149
31 years$1,101$779$541$368$248$131
32 years$1,055$737$504$339$224$116
33 years$1,012$698$471$311$203$102
34 years$971$662$440$286$184$90
35 years$933$628$411$264$166$79
36 years$897$596$385$243$151$70
37 years$863$566$360$224$137$62
38 years$831$538$337$206$124$55
39 years$801$511$316$190$112$48
40 years$772$487$296$175$102$43
41 years$745$463$278$162$92$38
42 years$719$441$261$149$84$33
43 years$695$420$244$138$76$29
44 years$671$401$229$127$69$26
45 years$649$382$215$118$63$23
46 years$628$364$202$109$57$20
47 years$607$348$190$100$52$18
48 years$588$332$179$93$47$16
49 years$569$317$168$86$43$14
50 years$552$303$158$79$39$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $565,000, adding $4,559 every year, while hoping to spend $48,642 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: 46/28/26 Blend
61$565,000$565,000$565,000$565,000
62$627,333$597,388$588,630$651,317
63$639,566$574,905$556,595$646,221
64$651,417$549,690$521,855$635,601
65$662,794$521,558$484,271$623,123
66$673,598$490,314$443,693$608,639
67$683,715$455,749$399,966$591,989
68$693,018$417,644$352,929$573,002
69$701,366$375,769$302,412$551,492
70$708,602$329,878$248,240$527,260
71$714,550$279,713$190,227$500,093
72$719,016$225,001$128,181$469,759
73$721,782$165,452$61,901$436,010
74$722,607$100,763$0$398,578
75$721,223$30,610$0$359,623
76$717,332$0$0$334,870
77$710,605$0$0$320,825
78$700,675$0$0$314,551
79$687,137$0$0$306,408
80$669,539$0$0$296,167
81$647,385$0$0$283,575
82$620,122$0$0$268,350
83$587,139$0$0$250,181
84$547,760$0$0$228,724
85$501,238$0$0$203,599
86$446,745$0$0$174,386
87$383,367$0$0$140,618
88$310,093$0$0$101,781
89$225,805$0$0$57,308
90$129,268$0$0$6,571
91$19,118$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0