Can I retire at age 62 with 405,000?

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 $405,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$33,445$33,147$32,856$32,572$32,295$31,425
2 years$16,557$16,248$15,949$15,660$15,379$14,508
3 years$10,928$10,618$10,320$10,033$9,757$8,914
4 years$8,114$7,806$7,511$7,228$6,959$6,149
5 years$6,427$6,120$5,829$5,552$5,290$4,516
6 years$5,302$4,997$4,710$4,440$4,186$3,448
7 years$4,499$4,197$3,914$3,650$3,404$2,703
8 years$3,897$3,597$3,320$3,062$2,824$2,159
9 years$3,429$3,132$2,859$2,608$2,378$1,748
10 years$3,054$2,761$2,493$2,248$2,026$1,431
11 years$2,748$2,458$2,195$1,957$1,743$1,181
12 years$2,494$2,206$1,948$1,716$1,510$981
13 years$2,278$1,994$1,740$1,515$1,317$820
14 years$2,094$1,812$1,563$1,345$1,154$688
15 years$1,934$1,655$1,412$1,200$1,016$579
16 years$1,794$1,519$1,280$1,074$898$489
17 years$1,671$1,399$1,165$965$797$414
18 years$1,562$1,292$1,063$870$708$351
19 years$1,464$1,198$973$786$631$298
20 years$1,376$1,113$893$712$564$254
21 years$1,297$1,037$822$646$505$216
22 years$1,225$968$757$587$452$184
23 years$1,159$905$699$535$406$157
24 years$1,099$848$647$488$365$134
25 years$1,044$796$599$446$328$115
26 years$993$748$555$407$296$98
27 years$946$704$516$373$267$84
28 years$903$663$479$342$241$72
29 years$862$626$446$313$217$61
30 years$824$591$416$288$196$53
31 years$789$559$387$264$178$45
32 years$756$529$361$243$161$39
33 years$725$501$338$223$145$33
34 years$696$474$315$205$132$28
35 years$669$450$295$189$119$24
36 years$643$427$276$174$108$21
37 years$619$406$258$160$98$18
38 years$596$386$242$148$89$15
39 years$574$367$227$136$80$13
40 years$554$349$212$126$73$11
41 years$534$332$199$116$66$10
42 years$516$316$187$107$60$8
43 years$498$301$175$99$55$7
44 years$481$287$164$91$49$6
45 years$465$274$154$84$45$5
46 years$450$261$145$78$41$4
47 years$435$249$136$72$37$4
48 years$421$238$128$66$34$3
49 years$408$227$120$61$31$3
50 years$395$217$113$57$28$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $405,000, adding $4,972 every year, while hoping to spend $29,104 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: 44/42/14 Blend
61$405,000$405,000$405,000$405,000
62$451,439$429,974$423,696$469,276
63$466,519$420,076$406,924$472,333
64$482,162$408,718$388,614$472,333
65$498,394$395,797$368,684$471,698
66$515,245$381,205$347,049$470,382
67$532,743$364,828$323,619$468,336
68$550,922$346,543$298,299$465,509
69$569,817$326,224$270,992$461,847
70$589,463$303,734$241,596$457,294
71$609,902$278,931$210,003$451,790
72$631,175$251,662$176,101$445,273
73$653,328$221,767$139,774$437,678
74$676,411$189,077$100,900$428,936
75$700,477$153,413$59,352$418,977
76$725,582$114,586$14,996$407,725
77$751,788$72,398$0$395,103
78$779,160$26,636$0$385,859
79$807,772$0$0$377,782
80$837,700$0$0$379,158
81$869,028$0$0$393,497
82$901,847$0$0$408,532
83$936,255$0$0$424,310
84$972,358$0$0$440,882
85$1,010,274$0$0$458,303
86$1,050,126$0$0$476,632
87$1,092,054$0$0$495,936
88$1,136,204$0$0$516,286
89$1,182,740$0$0$537,760
90$1,231,837$0$0$560,441
91$1,283,689$0$0$584,422
92$1,338,505$0$0$609,804
93$1,396,515$0$0$636,696
94$1,457,968$0$0$665,220
95$1,523,139$0$0$695,505
96$1,592,325$0$0$727,697
97$1,665,854$0$0$761,951
98$1,744,083$0$0$798,440
99$1,827,403$0$0$837,353
100$1,916,242$0$0$878,894