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%13.8%
1 years$52,025$51,561$51,109$50,668$50,237$49,446
2 years$25,755$25,275$24,810$24,360$23,922$23,127
3 years$16,999$16,518$16,054$15,607$15,177$14,403
4 years$12,622$12,142$11,683$11,244$10,825$10,077
5 years$9,997$9,520$9,067$8,637$8,229$7,510
6 years$8,247$7,773$7,327$6,907$6,511$5,822
7 years$6,998$6,528$6,089$5,678$5,295$4,636
8 years$6,061$5,596$5,164$4,764$4,393$3,764
9 years$5,333$4,872$4,448$4,057$3,699$3,100
10 years$4,751$4,295$3,878$3,498$3,152$2,582
11 years$4,275$3,823$3,414$3,044$2,711$2,169
12 years$3,879$3,432$3,030$2,670$2,349$1,836
13 years$3,544$3,101$2,707$2,357$2,049$1,562
14 years$3,257$2,819$2,432$2,092$1,796$1,336
15 years$3,008$2,575$2,196$1,866$1,581$1,146
16 years$2,791$2,363$1,991$1,671$1,397$987
17 years$2,600$2,176$1,812$1,501$1,239$853
18 years$2,430$2,011$1,654$1,353$1,102$738
19 years$2,278$1,863$1,514$1,222$982$640
20 years$2,141$1,732$1,389$1,107$877$556
21 years$2,018$1,613$1,278$1,005$785$484
22 years$1,906$1,506$1,178$914$704$422
23 years$1,804$1,408$1,088$832$632$368
24 years$1,710$1,319$1,006$759$568$321
25 years$1,624$1,238$932$693$511$281
26 years$1,545$1,164$864$634$460$245
27 years$1,472$1,095$802$580$415$215
28 years$1,404$1,032$746$531$374$188
29 years$1,341$973$694$487$338$165
30 years$1,282$919$646$447$305$144
31 years$1,228$869$603$411$276$126
32 years$1,176$822$562$378$250$111
33 years$1,128$779$525$347$226$97
34 years$1,083$738$491$319$205$85
35 years$1,041$700$459$294$185$75
36 years$1,001$664$429$271$168$66
37 years$963$631$402$250$152$58
38 years$927$600$376$230$138$51
39 years$893$570$352$212$125$44
40 years$861$543$330$196$114$39
41 years$831$517$310$180$103$34
42 years$802$492$290$167$93$30
43 years$775$469$273$154$85$26
44 years$749$447$256$142$77$23
45 years$724$426$240$131$70$20
46 years$700$406$226$121$63$18
47 years$677$388$212$112$58$16
48 years$656$370$199$103$52$14
49 years$635$354$187$96$48$12
50 years$615$338$176$88$43$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $630,000, adding $4,440 every year, while hoping to spend $46,310 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: 29/45/26 Blend
61$630,000$630,000$630,000$630,000
62$698,840$665,450$655,685$713,374
63$720,848$648,783$628,377$708,451
64$743,549$629,748$598,602$698,813
65$766,964$608,179$566,228$687,512
66$791,117$583,902$531,119$674,436
67$816,029$556,732$493,130$659,467
68$841,725$526,473$452,111$642,479
69$868,230$492,919$407,906$623,341
70$895,569$455,851$360,350$601,914
71$923,768$415,039$309,273$578,052
72$952,854$370,238$254,495$551,600
73$982,855$321,189$195,831$522,394
74$1,013,800$267,621$133,084$490,264
75$1,045,718$209,244$66,053$455,027
76$1,078,639$145,756$0$416,494
77$1,112,596$76,833$0$375,983
78$1,147,620$2,137$0$351,416
79$1,183,745$0$0$324,292
80$1,221,005$0$0$333,406
81$1,259,437$0$0$343,899
82$1,299,076$0$0$354,721
83$1,339,960$0$0$365,883
84$1,382,128$0$0$377,396
85$1,425,620$0$0$389,269
86$1,470,478$0$0$401,515
87$1,516,744$0$0$414,146
88$1,564,462$0$0$427,172
89$1,613,676$0$0$440,607
90$1,664,435$0$0$454,463
91$1,716,784$0$0$468,753
92$1,770,775$0$0$483,491
93$1,826,457$0$0$498,690
94$1,883,883$0$0$514,364
95$1,943,108$0$0$530,529
96$2,004,186$0$0$547,199
97$2,067,174$0$0$564,390
98$2,132,133$0$0$582,118
99$2,199,121$0$0$600,399
100$2,268,201$0$0$619,250