Can I retire at age 62 with 570,000?

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 $570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$47,070$46,651$46,242$45,842$45,453$44,847
2 years$23,302$22,868$22,447$22,040$21,644$21,035
3 years$15,380$14,945$14,525$14,121$13,732$13,139
4 years$11,420$10,986$10,570$10,173$9,794$9,220
5 years$9,045$8,613$8,203$7,814$7,445$6,893
6 years$7,462$7,033$6,629$6,249$5,891$5,361
7 years$6,331$5,906$5,509$5,138$4,791$4,284
8 years$5,484$5,063$4,672$4,310$3,975$3,490
9 years$4,825$4,408$4,024$3,671$3,347$2,885
10 years$4,299$3,886$3,508$3,164$2,852$2,411
11 years$3,868$3,459$3,089$2,754$2,453$2,033
12 years$3,510$3,105$2,741$2,416$2,126$1,727
13 years$3,206$2,806$2,449$2,133$1,853$1,476
14 years$2,947$2,550$2,200$1,893$1,625$1,267
15 years$2,722$2,330$1,987$1,688$1,431$1,092
16 years$2,525$2,138$1,801$1,512$1,264$944
17 years$2,352$1,969$1,639$1,358$1,121$819
18 years$2,198$1,819$1,496$1,224$997$712
19 years$2,061$1,686$1,370$1,106$888$620
20 years$1,937$1,567$1,257$1,002$794$541
21 years$1,826$1,459$1,156$909$710$473
22 years$1,724$1,362$1,066$827$637$414
23 years$1,632$1,274$984$753$571$363
24 years$1,547$1,194$910$687$514$318
25 years$1,470$1,120$843$627$462$279
26 years$1,398$1,053$782$573$416$245
27 years$1,332$991$726$525$375$216
28 years$1,270$934$675$481$339$190
29 years$1,213$881$628$441$306$167
30 years$1,160$832$585$405$276$147
31 years$1,111$786$545$372$250$130
32 years$1,064$744$509$342$226$114
33 years$1,021$705$475$314$205$101
34 years$980$668$444$289$185$89
35 years$942$633$415$266$168$78
36 years$905$601$388$245$152$69
37 years$871$571$363$226$138$61
38 years$839$543$340$208$125$54
39 years$808$516$319$192$113$47
40 years$779$491$299$177$103$42
41 years$752$467$280$163$93$37
42 years$726$445$263$151$85$33
43 years$701$424$247$139$77$29
44 years$677$404$231$128$70$25
45 years$655$385$217$119$63$22
46 years$633$368$204$110$57$20
47 years$613$351$192$101$52$17
48 years$593$335$180$94$47$15
49 years$574$320$169$86$43$14
50 years$557$306$159$80$39$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $570,000, adding $2,875 every year, while hoping to spend $25,690 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: 33/40/27 Blend
61$570,000$570,000$570,000$570,000
62$631,106$600,896$592,061$646,670
63$668,144$603,005$584,561$660,820
64$708,100$604,358$575,948$673,568
65$751,243$604,888$566,160$686,804
66$797,871$604,528$555,127$700,588
67$848,309$603,206$542,779$714,989
68$902,918$600,844$529,043$730,085
69$962,091$597,361$513,842$745,963
70$1,026,263$592,670$497,094$762,723
71$1,095,910$586,680$478,715$780,475
72$1,171,559$579,292$458,618$799,346
73$1,253,784$570,405$436,708$819,477
74$1,343,223$559,907$412,891$841,024
75$1,440,574$547,685$387,064$864,167
76$1,546,605$533,614$359,124$889,103
77$1,662,163$517,565$328,958$916,055
78$1,788,178$499,400$296,453$945,273
79$1,925,676$478,975$261,488$977,033
80$2,075,784$456,134$223,937$1,011,647
81$2,239,745$430,715$183,670$1,049,462
82$2,418,925$402,546$140,549$1,090,864
83$2,614,829$371,445$94,431$1,136,284
84$2,829,115$337,218$45,167$1,186,203
85$3,063,606$299,663$0$1,241,155
86$3,320,311$258,565$0$1,303,868
87$3,601,444$213,695$0$1,386,897
88$3,909,439$164,815$0$1,477,999
89$4,246,981$111,669$0$1,578,044
90$4,617,023$53,991$0$1,687,994
91$5,022,820$0$0$1,808,913
92$5,467,957$0$0$1,945,721
93$5,956,381$0$0$2,121,995
94$6,492,442$0$0$2,315,549
95$7,080,928$0$0$2,528,125
96$7,727,118$0$0$2,761,640
97$8,436,822$0$0$3,018,207
98$9,216,445$0$0$3,300,151
99$10,073,040$0$0$3,610,039
100$11,014,378$0$0$3,950,692