Can I retire at age 62 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$52,025$51,561$51,109$50,668$50,237$49,303
2 years$25,755$25,275$24,810$24,360$23,922$22,985
3 years$16,999$16,518$16,054$15,607$15,177$14,266
4 years$12,622$12,142$11,683$11,244$10,825$9,946
5 years$9,997$9,520$9,067$8,637$8,229$7,385
6 years$8,247$7,773$7,327$6,907$6,511$5,704
7 years$6,998$6,528$6,089$5,678$5,295$4,524
8 years$6,061$5,596$5,164$4,764$4,393$3,658
9 years$5,333$4,872$4,448$4,057$3,699$3,001
10 years$4,751$4,295$3,878$3,498$3,152$2,488
11 years$4,275$3,823$3,414$3,044$2,711$2,081
12 years$3,879$3,432$3,030$2,670$2,349$1,753
13 years$3,544$3,101$2,707$2,357$2,049$1,485
14 years$3,257$2,819$2,432$2,092$1,796$1,264
15 years$3,008$2,575$2,196$1,866$1,581$1,080
16 years$2,791$2,363$1,991$1,671$1,397$925
17 years$2,600$2,176$1,812$1,501$1,239$795
18 years$2,430$2,011$1,654$1,353$1,102$685
19 years$2,278$1,863$1,514$1,222$982$591
20 years$2,141$1,732$1,389$1,107$877$511
21 years$2,018$1,613$1,278$1,005$785$442
22 years$1,906$1,506$1,178$914$704$383
23 years$1,804$1,408$1,088$832$632$332
24 years$1,710$1,319$1,006$759$568$288
25 years$1,624$1,238$932$693$511$251
26 years$1,545$1,164$864$634$460$218
27 years$1,472$1,095$802$580$415$190
28 years$1,404$1,032$746$531$374$165
29 years$1,341$973$694$487$338$144
30 years$1,282$919$646$447$305$125
31 years$1,228$869$603$411$276$109
32 years$1,176$822$562$378$250$95
33 years$1,128$779$525$347$226$83
34 years$1,083$738$491$319$205$72
35 years$1,041$700$459$294$185$63
36 years$1,001$664$429$271$168$55
37 years$963$631$402$250$152$48
38 years$927$600$376$230$138$42
39 years$893$570$352$212$125$37
40 years$861$543$330$196$114$32
41 years$831$517$310$180$103$28
42 years$802$492$290$167$93$24
43 years$775$469$273$154$85$21
44 years$749$447$256$142$77$19
45 years$724$426$240$131$70$16
46 years$700$406$226$121$63$14
47 years$677$388$212$112$58$12
48 years$656$370$199$103$52$11
49 years$635$354$187$96$48$9
50 years$615$338$176$88$43$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $630,000, adding $3,272 every year, while hoping to spend $31,856 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: 53/22/25 Blend
61$630,000$630,000$630,000$630,000
62$697,635$664,245$654,480$729,609
63$734,899$662,899$642,511$750,699
64$774,897$660,418$629,073$770,094
65$817,873$656,715$614,083$790,548
66$864,096$651,695$597,455$812,173
67$913,863$645,257$579,099$835,097
68$967,497$637,294$558,918$859,459
69$1,025,355$627,695$536,815$885,417
70$1,087,828$616,339$512,686$913,144
71$1,155,347$603,100$486,421$942,835
72$1,228,385$587,844$457,909$974,706
73$1,307,461$570,430$427,030$1,008,997
74$1,393,147$550,706$393,660$1,045,976
75$1,486,071$528,513$357,671$1,085,939
76$1,586,924$503,685$318,927$1,129,216
77$1,696,467$476,041$277,287$1,176,174
78$1,815,535$445,396$232,604$1,227,220
79$1,945,047$411,548$184,725$1,282,805
80$2,086,016$374,288$133,487$1,343,431
81$2,239,555$333,393$78,724$1,409,652
82$2,406,889$288,629$20,261$1,482,086
83$2,589,366$239,747$0$1,561,415
84$2,788,471$186,484$0$1,659,634
85$3,005,837$128,563$0$1,772,842
86$3,243,262$65,692$0$1,896,612
87$3,502,725$0$0$2,032,028
88$3,786,406$0$0$2,180,876
89$4,096,704$0$0$2,361,145
90$4,436,261$0$0$2,558,472
91$4,807,986$0$0$2,774,556
92$5,215,083$0$0$3,011,266
93$5,661,079$0$0$3,270,663
94$6,149,860$0$0$3,555,014
95$6,685,704$0$0$3,866,818
96$7,273,323$0$0$4,208,825
97$7,917,909$0$0$4,584,066
98$8,625,177$0$0$4,995,878
99$9,401,426$0$0$5,447,939
100$10,253,591$0$0$5,944,298