Can I retire at age 62 with 444,000?

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 $444,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$36,665$36,339$36,020$35,709$35,405$34,847
2 years$18,151$17,813$17,485$17,168$16,860$16,299
3 years$11,980$11,641$11,314$11,000$10,696$10,151
4 years$8,896$8,557$8,234$7,925$7,629$7,102
5 years$7,046$6,709$6,390$6,087$5,799$5,293
6 years$5,812$5,478$5,164$4,868$4,589$4,103
7 years$4,932$4,601$4,291$4,002$3,732$3,268
8 years$4,272$3,944$3,639$3,357$3,096$2,653
9 years$3,759$3,434$3,135$2,860$2,607$2,185
10 years$3,348$3,027$2,733$2,465$2,222$1,820
11 years$3,013$2,694$2,406$2,145$1,911$1,529
12 years$2,734$2,418$2,135$1,882$1,656$1,294
13 years$2,498$2,186$1,908$1,661$1,444$1,101
14 years$2,295$1,987$1,714$1,475$1,266$941
15 years$2,120$1,815$1,548$1,315$1,114$808
16 years$1,967$1,665$1,403$1,178$985$696
17 years$1,832$1,533$1,277$1,058$873$601
18 years$1,712$1,417$1,165$954$776$520
19 years$1,605$1,313$1,067$862$692$451
20 years$1,509$1,220$979$780$618$392
21 years$1,422$1,137$901$708$553$341
22 years$1,343$1,061$830$644$496$297
23 years$1,271$992$766$586$445$259
24 years$1,205$930$709$535$400$226
25 years$1,145$873$657$488$360$198
26 years$1,089$820$609$447$324$173
27 years$1,037$772$565$409$292$151
28 years$990$727$526$375$264$132
29 years$945$686$489$343$238$116
30 years$904$648$456$315$215$102
31 years$865$612$425$290$195$89
32 years$829$580$396$266$176$78
33 years$795$549$370$245$159$68
34 years$763$520$346$225$144$60
35 years$733$493$323$207$131$53
36 years$705$468$302$191$118$46
37 years$679$445$283$176$107$41
38 years$653$423$265$162$97$36
39 years$630$402$248$149$88$31
40 years$607$382$233$138$80$27
41 years$586$364$218$127$73$24
42 years$565$347$205$117$66$21
43 years$546$330$192$108$60$19
44 years$528$315$180$100$54$16
45 years$510$300$169$92$49$14
46 years$493$286$159$85$45$13
47 years$477$273$149$79$41$11
48 years$462$261$140$73$37$10
49 years$447$249$132$67$33$9
50 years$433$238$124$62$30$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $444,000, adding $6,978 every year, while hoping to spend $32,251 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: 62/31/7 Blend
61$444,000$444,000$444,000$444,000
62$496,486$472,954$466,072$526,155
63$512,813$461,814$447,370$535,688
64$529,724$449,047$426,962$541,702
65$547,245$434,539$404,754$547,439
66$565,403$418,171$380,653$552,871
67$584,227$399,814$354,557$557,971
68$603,747$379,335$326,364$562,708
69$623,997$356,589$295,964$567,049
70$645,009$331,427$263,244$570,961
71$666,822$303,689$228,085$574,409
72$689,475$273,206$190,362$577,357
73$713,009$239,801$149,947$579,765
74$737,470$203,285$106,704$581,593
75$762,905$163,459$60,492$582,800
76$789,366$120,114$11,164$583,342
77$816,909$73,027$0$583,174
78$845,593$21,964$0$585,346
79$875,481$0$0$587,803
80$906,642$0$0$601,038
81$939,150$0$0$622,669
82$973,086$0$0$645,257
83$1,008,534$0$0$668,859
84$1,045,587$0$0$693,539
85$1,084,347$0$0$719,365
86$1,124,923$0$0$746,410
87$1,167,430$0$0$774,754
88$1,211,999$0$0$804,484
89$1,258,766$0$0$835,694
90$1,307,882$0$0$868,485
91$1,359,511$0$0$902,969
92$1,413,831$0$0$939,267
93$1,471,033$0$0$977,508
94$1,531,330$0$0$1,017,837
95$1,594,950$0$0$1,060,409
96$1,662,143$0$0$1,105,395
97$1,733,182$0$0$1,152,978
98$1,808,364$0$0$1,203,363
99$1,888,014$0$0$1,256,769
100$1,972,487$0$0$1,313,439