Can I retire at age 62 with 411,000?

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 $411,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$33,940$33,638$33,343$33,055$32,774$31,548
2 years$16,802$16,489$16,186$15,892$15,607$14,386
3 years$11,090$10,776$10,473$10,182$9,901$8,724
4 years$8,235$7,921$7,622$7,336$7,062$5,937
5 years$6,522$6,210$5,915$5,634$5,368$4,298
6 years$5,380$5,071$4,780$4,506$4,248$3,234
7 years$4,565$4,259$3,972$3,705$3,455$2,496
8 years$3,954$3,651$3,369$3,108$2,866$1,962
9 years$3,479$3,179$2,902$2,647$2,413$1,563
10 years$3,100$2,802$2,530$2,282$2,056$1,258
11 years$2,789$2,494$2,227$1,986$1,769$1,020
12 years$2,531$2,239$1,976$1,742$1,533$833
13 years$2,312$2,023$1,766$1,538$1,336$683
14 years$2,125$1,839$1,587$1,365$1,172$562
15 years$1,963$1,680$1,432$1,217$1,032$464
16 years$1,821$1,541$1,299$1,090$912$384
17 years$1,696$1,419$1,182$979$808$319
18 years$1,585$1,312$1,079$883$719$265
19 years$1,486$1,216$988$798$641$221
20 years$1,397$1,130$906$722$572$184
21 years$1,316$1,052$834$656$512$153
22 years$1,243$982$768$596$459$128
23 years$1,177$919$709$543$412$107
24 years$1,116$861$656$495$370$89
25 years$1,060$808$608$452$333$75
26 years$1,008$759$564$413$300$63
27 years$960$714$523$378$271$52
28 years$916$673$487$347$244$44
29 years$875$635$453$318$221$37
30 years$837$600$422$292$199$31
31 years$801$567$393$268$180$26
32 years$767$536$367$246$163$22
33 years$736$508$343$226$147$18
34 years$707$482$320$208$134$15
35 years$679$457$299$192$121$13
36 years$653$433$280$177$110$11
37 years$628$412$262$163$99$9
38 years$605$391$245$150$90$7
39 years$583$372$230$138$82$6
40 years$562$354$215$128$74$5
41 years$542$337$202$118$67$4
42 years$523$321$190$109$61$4
43 years$505$306$178$100$55$3
44 years$488$291$167$93$50$3
45 years$472$278$157$86$46$2
46 years$457$265$147$79$41$2
47 years$442$253$138$73$38$2
48 years$428$242$130$67$34$1
49 years$414$231$122$62$31$1
50 years$401$220$115$58$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $411,000, adding $6,859 every year, while hoping to spend $26,237 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: 48/30/22 Blend
61$411,000$411,000$411,000$411,000
62$459,997$438,214$431,844$478,912
63$479,001$431,771$418,394$486,364
64$499,064$424,132$403,615$491,274
65$520,266$415,212$387,434$496,068
66$542,695$404,920$369,775$500,744
67$566,447$393,157$350,559$505,306
68$591,626$379,824$329,705$509,757
69$618,346$364,810$307,124$514,105
70$646,732$348,001$282,728$518,359
71$676,922$329,275$256,422$522,532
72$709,064$308,506$228,108$526,639
73$743,322$285,556$197,683$530,703
74$779,875$260,282$165,040$534,748
75$818,919$232,533$130,066$538,804
76$860,671$202,149$92,645$542,909
77$905,364$168,960$52,654$547,106
78$953,260$132,787$9,966$551,448
79$1,004,640$93,441$0$555,994
80$1,059,817$50,723$0$569,169
81$1,119,132$4,422$0$585,740
82$1,182,960$0$0$603,494
83$1,251,713$0$0$637,655
84$1,325,845$0$0$676,098
85$1,405,851$0$0$717,623
86$1,492,278$0$0$762,520
87$1,585,726$0$0$811,105
88$1,686,854$0$0$863,726
89$1,796,388$0$0$920,766
90$1,915,126$0$0$982,645
91$2,043,942$0$0$1,049,827
92$2,183,803$0$0$1,122,821
93$2,335,768$0$0$1,202,186
94$2,501,003$0$0$1,288,539
95$2,680,793$0$0$1,382,557
96$2,876,549$0$0$1,484,987
97$3,089,825$0$0$1,596,648
98$3,322,331$0$0$1,718,446
99$3,575,948$0$0$1,851,373
100$3,852,749$0$0$1,996,524