Can I retire at age 62 with 635,000?

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 $635,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$52,438$51,971$51,515$51,070$50,636$49,232
2 years$25,959$25,476$25,007$24,553$24,112$22,709
3 years$17,134$16,649$16,181$15,731$15,298$13,938
4 years$12,723$12,239$11,776$11,334$10,911$9,605
5 years$10,076$9,595$9,139$8,705$8,294$7,046
6 years$8,313$7,835$7,385$6,962$6,563$5,374
7 years$7,053$6,580$6,137$5,724$5,337$4,208
8 years$6,110$5,640$5,205$4,801$4,428$3,357
9 years$5,376$4,911$4,483$4,090$3,729$2,716
10 years$4,789$4,329$3,908$3,525$3,177$2,220
11 years$4,309$3,854$3,441$3,068$2,732$1,830
12 years$3,910$3,459$3,054$2,691$2,368$1,519
13 years$3,572$3,126$2,728$2,376$2,065$1,267
14 years$3,283$2,841$2,451$2,109$1,810$1,061
15 years$3,032$2,595$2,213$1,881$1,594$892
16 years$2,813$2,381$2,007$1,684$1,409$752
17 years$2,620$2,193$1,826$1,513$1,249$636
18 years$2,449$2,027$1,667$1,364$1,110$538
19 years$2,296$1,878$1,526$1,232$990$457
20 years$2,158$1,745$1,400$1,116$884$388
21 years$2,034$1,626$1,288$1,013$791$330
22 years$1,921$1,517$1,187$921$709$281
23 years$1,818$1,419$1,096$839$637$239
24 years$1,724$1,330$1,014$765$572$204
25 years$1,637$1,248$939$699$515$174
26 years$1,557$1,173$871$639$464$149
27 years$1,484$1,104$809$585$418$127
28 years$1,415$1,040$752$536$377$108
29 years$1,352$981$700$491$341$93
30 years$1,293$927$652$451$308$79
31 years$1,237$876$607$414$278$68
32 years$1,186$829$567$381$252$58
33 years$1,137$785$529$350$228$49
34 years$1,092$744$494$322$206$42
35 years$1,049$706$462$296$187$36
36 years$1,009$670$432$273$169$31
37 years$970$636$405$251$153$27
38 years$934$605$379$232$139$23
39 years$900$575$355$214$126$19
40 years$868$547$333$197$114$17
41 years$838$521$312$182$104$14
42 years$808$496$293$168$94$12
43 years$781$472$275$155$85$10
44 years$754$450$258$143$78$9
45 years$729$429$242$132$70$8
46 years$705$410$227$122$64$7
47 years$683$391$214$113$58$6
48 years$661$373$201$104$53$5
49 years$640$356$189$96$48$4
50 years$620$340$177$89$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $635,000, adding $2,833 every year, while hoping to spend $26,587 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: 54/31/15 Blend
61$635,000$635,000$635,000$635,000
62$702,692$669,037$659,195$737,694
63$746,078$673,532$652,989$766,362
64$792,999$677,355$645,685$794,461
65$843,786$680,447$637,217$824,446
66$898,806$682,742$627,517$856,501
67$958,459$684,172$616,514$890,832
68$1,023,189$684,663$604,134$927,668
69$1,093,480$684,137$590,298$967,259
70$1,169,868$682,513$574,926$1,009,886
71$1,252,940$679,702$557,932$1,055,855
72$1,343,343$675,610$539,226$1,105,508
73$1,441,790$670,141$518,715$1,159,222
74$1,549,062$663,188$496,303$1,217,414
75$1,666,024$654,641$471,886$1,280,545
76$1,793,623$644,383$445,358$1,349,125
77$1,932,903$632,288$416,608$1,423,718
78$2,085,014$618,226$385,520$1,504,948
79$2,251,221$602,055$351,971$1,593,502
80$2,432,918$583,628$315,834$1,690,142
81$2,631,639$562,789$276,978$1,795,710
82$2,849,071$539,371$235,262$1,911,135
83$3,087,076$513,199$190,542$2,037,444
84$3,347,700$484,088$142,668$2,175,772
85$3,633,199$451,842$91,480$2,327,374
86$3,946,055$416,252$36,815$2,493,633
87$4,289,004$377,100$0$2,676,080
88$4,665,059$334,154$0$2,879,849
89$5,077,536$287,168$0$3,109,873
90$5,530,090$235,885$0$3,362,342
91$6,026,745$180,030$0$3,639,565
92$6,571,936$119,314$0$3,944,084
93$7,170,547$53,433$0$4,278,706
94$7,827,956$0$0$4,646,529
95$8,550,090$0$0$5,057,085
96$9,343,478$0$0$5,528,241
97$10,215,311$0$0$6,046,047
98$11,173,514$0$0$6,615,219
99$12,226,815$0$0$7,240,949
100$13,384,831$0$0$7,928,960