Can I retire at age 62 with 375,000?

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 $375,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$30,967$30,691$30,422$30,160$29,903$29,359
2 years$15,330$15,045$14,768$14,500$14,240$13,694
3 years$10,119$9,832$9,556$9,290$9,034$8,503
4 years$7,513$7,227$6,954$6,693$6,443$5,931
5 years$5,951$5,666$5,397$5,141$4,898$4,407
6 years$4,909$4,627$4,361$4,111$3,876$3,405
7 years$4,165$3,886$3,624$3,380$3,152$2,703
8 years$3,608$3,331$3,074$2,835$2,615$2,186
9 years$3,175$2,900$2,647$2,415$2,202$1,794
10 years$2,828$2,556$2,308$2,082$1,876$1,489
11 years$2,545$2,276$2,032$1,812$1,614$1,246
12 years$2,309$2,043$1,803$1,589$1,398$1,050
13 years$2,109$1,846$1,611$1,403$1,219$890
14 years$1,939$1,678$1,448$1,245$1,069$758
15 years$1,791$1,533$1,307$1,111$941$648
16 years$1,661$1,406$1,185$995$832$556
17 years$1,547$1,295$1,078$894$738$478
18 years$1,446$1,197$984$805$656$412
19 years$1,356$1,109$901$728$585$356
20 years$1,275$1,031$827$659$522$308
21 years$1,201$960$761$598$467$267
22 years$1,134$896$701$544$419$231
23 years$1,074$838$647$495$376$201
24 years$1,018$785$599$452$338$174
25 years$967$737$554$413$304$152
26 years$920$693$514$377$274$132
27 years$876$652$478$345$247$115
28 years$836$614$444$316$223$100
29 years$798$579$413$290$201$87
30 years$763$547$385$266$182$76
31 years$731$517$359$245$164$66
32 years$700$489$335$225$149$58
33 years$672$464$313$207$135$50
34 years$645$439$292$190$122$44
35 years$619$417$273$175$110$38
36 years$596$396$255$161$100$34
37 years$573$376$239$149$91$29
38 years$552$357$224$137$82$26
39 years$532$339$210$126$74$22
40 years$513$323$197$116$68$20
41 years$495$307$184$107$61$17
42 years$477$293$173$99$56$15
43 years$461$279$162$92$50$13
44 years$446$266$152$84$46$11
45 years$431$254$143$78$42$10
46 years$417$242$134$72$38$9
47 years$403$231$126$67$34$8
48 years$390$220$119$62$31$7
49 years$378$210$111$57$28$6
50 years$366$201$105$53$26$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $375,000, adding $6,902 every year, while hoping to spend $27,514 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: 62/12/26 Blend
61$375,000$375,000$375,000$375,000
62$420,369$400,494$394,682$443,128
63$433,972$390,844$378,629$449,727
64$448,041$379,798$361,116$453,314
65$462,593$367,261$342,066$456,633
66$477,648$353,127$321,396$459,663
67$493,227$337,289$299,021$462,380
68$509,351$319,631$274,853$464,761
69$526,043$300,031$248,799$466,780
70$543,326$278,360$220,761$468,414
71$561,227$254,481$190,638$469,633
72$579,772$228,250$158,324$470,410
73$598,989$199,515$123,708$470,717
74$618,909$168,114$86,675$470,521
75$639,564$133,878$47,105$469,791
76$660,987$96,626$4,871$468,495
77$683,216$56,168$0$466,597
78$706,288$12,305$0$475,216
79$730,246$0$0$485,327
80$755,132$0$0$500,226
81$780,995$0$0$517,401
82$807,884$0$0$535,263
83$835,853$0$0$553,846
84$864,961$0$0$573,190
85$895,269$0$0$593,337
86$926,843$0$0$614,332
87$959,757$0$0$636,224
88$994,086$0$0$659,065
89$1,029,915$0$0$682,910
90$1,067,333$0$0$707,821
91$1,106,437$0$0$733,864
92$1,147,332$0$0$761,109
93$1,190,132$0$0$789,633
94$1,234,959$0$0$819,520
95$1,281,947$0$0$850,860
96$1,331,239$0$0$883,751
97$1,382,993$0$0$918,298
98$1,437,379$0$0$954,618
99$1,494,582$0$0$992,837
100$1,554,804$0$0$1,033,090