Can I retire at age 62 with 392,000?

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 $392,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$32,371$32,083$31,801$31,527$31,259$30,355
2 years$16,025$15,727$15,438$15,157$14,885$13,982
3 years$10,577$10,278$9,989$9,711$9,444$8,570
4 years$7,854$7,555$7,270$6,996$6,735$5,897
5 years$6,220$5,923$5,641$5,374$5,120$4,319
6 years$5,132$4,837$4,559$4,298$4,051$3,289
7 years$4,354$4,062$3,789$3,533$3,295$2,571
8 years$3,772$3,482$3,213$2,964$2,733$2,047
9 years$3,319$3,032$2,767$2,525$2,302$1,653
10 years$2,956$2,672$2,413$2,176$1,961$1,349
11 years$2,660$2,379$2,124$1,894$1,687$1,110
12 years$2,414$2,135$1,885$1,661$1,462$919
13 years$2,205$1,930$1,684$1,467$1,275$765
14 years$2,026$1,754$1,513$1,302$1,117$640
15 years$1,872$1,602$1,366$1,161$984$537
16 years$1,737$1,470$1,239$1,040$870$451
17 years$1,618$1,354$1,127$934$771$381
18 years$1,512$1,251$1,029$842$686$322
19 years$1,417$1,159$942$761$611$272
20 years$1,332$1,077$865$689$546$231
21 years$1,256$1,004$795$625$488$196
22 years$1,186$937$733$568$438$166
23 years$1,122$876$677$518$393$141
24 years$1,064$821$626$472$353$120
25 years$1,011$770$580$431$318$102
26 years$961$724$538$394$286$87
27 years$916$681$499$361$258$74
28 years$874$642$464$331$233$63
29 years$834$606$432$303$210$54
30 years$798$572$402$278$190$46
31 years$764$541$375$256$172$39
32 years$732$512$350$235$155$33
33 years$702$485$327$216$141$29
34 years$674$459$305$199$127$24
35 years$647$436$285$183$115$21
36 years$623$413$267$169$104$18
37 years$599$393$250$155$95$15
38 years$577$373$234$143$86$13
39 years$556$355$219$132$78$11
40 years$536$338$205$122$71$9
41 years$517$321$193$112$64$8
42 years$499$306$181$104$58$7
43 years$482$292$170$96$53$6
44 years$466$278$159$88$48$5
45 years$450$265$149$82$43$4
46 years$436$253$140$75$39$4
47 years$421$241$132$70$36$3
48 years$408$230$124$64$33$3
49 years$395$220$117$59$30$2
50 years$383$210$110$55$27$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $392,000, adding $5,324 every year, while hoping to spend $25,155 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: 38/36/26 Blend
61$392,000$392,000$392,000$392,000
62$437,476$416,700$410,624$450,541
63$455,334$410,353$397,615$454,227
64$474,170$402,853$383,327$455,498
65$494,058$394,115$367,691$456,382
66$515,077$384,052$350,634$456,859
67$537,315$372,571$332,081$456,910
68$560,867$359,573$311,951$456,517
69$585,837$344,953$290,163$455,662
70$612,338$328,601$266,629$454,327
71$640,494$310,401$241,259$452,495
72$670,442$290,229$213,959$450,153
73$702,331$267,953$184,630$447,286
74$736,322$243,436$153,169$443,883
75$772,594$216,532$119,467$439,933
76$811,343$187,087$83,414$435,432
77$852,783$154,937$44,891$430,375
78$897,148$119,910$3,776$424,762
79$944,696$81,824$0$418,599
80$995,709$40,487$0$423,020
81$1,050,497$0$0$428,758
82$1,109,400$0$0$436,529
83$1,172,791$0$0$462,191
84$1,241,080$0$0$489,877
85$1,314,718$0$0$519,773
86$1,394,199$0$0$552,087
87$1,480,066$0$0$587,045
88$1,572,917$0$0$624,895
89$1,673,408$0$0$665,913
90$1,782,261$0$0$710,399
91$1,900,269$0$0$758,684
92$2,028,305$0$0$811,132
93$2,167,328$0$0$868,145
94$2,318,394$0$0$930,163
95$2,482,663$0$0$997,671
96$2,661,413$0$0$1,071,202
97$2,856,050$0$0$1,151,344
98$3,068,120$0$0$1,238,744
99$3,299,324$0$0$1,334,112
100$3,551,536$0$0$1,438,232