Can I retire at age 62 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$53,842$53,362$52,894$52,437$51,991$51,257
2 years$26,654$26,158$25,677$25,210$24,758$24,019
3 years$17,593$17,094$16,615$16,152$15,707$14,988
4 years$13,063$12,566$12,091$11,637$11,203$10,507
5 years$10,346$9,852$9,383$8,938$8,516$7,847
6 years$8,535$8,045$7,583$7,148$6,738$6,097
7 years$7,242$6,756$6,302$5,877$5,480$4,866
8 years$6,273$5,791$5,344$4,930$4,546$3,959
9 years$5,520$5,042$4,603$4,199$3,829$3,269
10 years$4,917$4,445$4,013$3,620$3,262$2,729
11 years$4,425$3,957$3,533$3,150$2,806$2,299
12 years$4,014$3,551$3,135$2,763$2,431$1,950
13 years$3,668$3,209$2,801$2,439$2,120$1,664
14 years$3,371$2,917$2,517$2,165$1,858$1,426
15 years$3,113$2,665$2,272$1,931$1,636$1,228
16 years$2,889$2,445$2,060$1,729$1,446$1,060
17 years$2,690$2,252$1,875$1,554$1,282$918
18 years$2,515$2,081$1,711$1,400$1,140$797
19 years$2,357$1,928$1,567$1,265$1,016$693
20 years$2,216$1,792$1,438$1,146$908$604
21 years$2,088$1,669$1,323$1,040$812$527
22 years$1,972$1,558$1,219$946$728$461
23 years$1,867$1,457$1,126$861$654$403
24 years$1,770$1,365$1,041$785$587$353
25 years$1,681$1,281$964$717$529$310
26 years$1,599$1,204$894$656$476$271
27 years$1,523$1,133$830$600$429$238
28 years$1,453$1,068$772$550$387$209
29 years$1,388$1,007$718$504$350$184
30 years$1,327$951$669$463$316$162
31 years$1,270$899$624$425$286$142
32 years$1,217$851$582$391$258$125
33 years$1,168$806$543$359$234$110
34 years$1,121$764$508$331$212$97
35 years$1,077$725$475$304$192$85
36 years$1,036$688$444$280$174$75
37 years$996$653$416$258$158$66
38 years$959$621$389$238$143$58
39 years$925$590$365$219$130$51
40 years$891$562$342$202$117$45
41 years$860$535$320$187$107$40
42 years$830$509$301$172$97$35
43 years$802$485$282$159$88$31
44 years$775$462$265$147$80$27
45 years$749$441$249$136$72$24
46 years$724$421$234$125$66$21
47 years$701$401$219$116$60$19
48 years$679$383$206$107$54$16
49 years$657$366$194$99$49$15
50 years$637$350$182$91$45$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $652,000, adding $2,549 every year, while hoping to spend $22,232 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: 59/34/7 Blend
61$652,000$652,000$652,000$652,000
62$721,133$686,577$676,471$762,472
63$771,034$696,565$675,478$800,488
64$825,280$706,297$673,707$839,160
65$884,290$715,737$671,108$880,767
66$948,526$724,847$667,629$925,592
67$1,018,497$733,585$663,215$973,948
68$1,094,761$741,909$657,811$1,026,178
69$1,177,934$749,769$651,355$1,082,661
70$1,268,694$757,118$643,785$1,143,815
71$1,367,784$763,901$635,036$1,210,101
72$1,476,028$770,061$625,039$1,282,028
73$1,594,326$775,538$613,722$1,360,156
74$1,723,676$780,268$601,009$1,445,104
75$1,865,171$784,181$586,823$1,537,554
76$2,020,017$787,204$571,080$1,638,257
77$2,189,542$789,261$553,695$1,748,043
78$2,375,209$790,268$534,578$1,867,827
79$2,578,628$790,139$513,633$1,998,618
80$2,801,571$788,779$490,763$2,141,529
81$3,045,992$786,089$465,864$2,297,786
82$3,314,041$781,966$438,829$2,468,743
83$3,608,089$776,298$409,545$2,655,893
84$3,930,744$768,966$377,895$2,860,882
85$4,284,880$759,846$343,755$3,085,525
86$4,673,664$748,805$306,997$3,331,824
87$5,100,584$735,702$267,487$3,601,987
88$5,569,481$720,389$225,085$3,898,450
89$6,084,587$702,708$179,645$4,223,896
90$6,650,565$682,491$131,014$4,581,287
91$7,272,552$659,562$79,032$4,973,889
92$7,956,206$633,734$23,532$5,405,300
93$8,707,760$604,808$0$5,879,492
94$9,534,084$572,576$0$6,403,509
95$10,442,745$536,816$0$6,981,561
96$11,442,078$497,294$0$7,617,225
97$12,541,270$453,761$0$8,316,386
98$13,750,440$405,956$0$9,085,529
99$15,080,740$353,603$0$9,931,806
100$16,544,454$296,408$0$10,863,100