Can I retire at age 62 with 451,000?

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 $451,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$37,243$36,911$36,588$36,272$35,963$35,023
2 years$18,437$18,094$17,761$17,438$17,125$16,184
3 years$12,169$11,825$11,493$11,173$10,865$9,953
4 years$9,036$8,692$8,364$8,049$7,749$6,873
5 years$7,157$6,815$6,491$6,183$5,891$5,053
6 years$5,904$5,565$5,245$4,944$4,661$3,862
7 years$5,010$4,673$4,359$4,065$3,791$3,031
8 years$4,339$4,006$3,697$3,410$3,145$2,424
9 years$3,818$3,488$3,184$2,905$2,648$1,965
10 years$3,401$3,074$2,776$2,504$2,257$1,611
11 years$3,061$2,737$2,444$2,179$1,941$1,331
12 years$2,777$2,457$2,169$1,911$1,682$1,107
13 years$2,537$2,220$1,938$1,687$1,467$926
14 years$2,331$2,018$1,741$1,498$1,286$778
15 years$2,154$1,843$1,572$1,336$1,132$656
16 years$1,998$1,691$1,425$1,196$1,000$555
17 years$1,861$1,558$1,297$1,075$887$470
18 years$1,739$1,439$1,184$969$789$399
19 years$1,631$1,334$1,084$875$703$340
20 years$1,533$1,240$995$793$628$289
21 years$1,444$1,155$915$719$562$247
22 years$1,364$1,078$843$654$504$211
23 years$1,291$1,008$779$596$452$180
24 years$1,224$944$720$543$406$154
25 years$1,163$886$667$496$366$132
26 years$1,106$833$618$454$329$113
27 years$1,054$784$574$415$297$97
28 years$1,005$739$534$380$268$83
29 years$960$697$497$349$242$71
30 years$918$658$463$320$219$61
31 years$879$622$431$294$198$52
32 years$842$589$403$270$179$45
33 years$808$557$376$249$162$39
34 years$775$528$351$229$147$33
35 years$745$501$328$210$133$28
36 years$716$476$307$194$120$24
37 years$689$452$287$179$109$21
38 years$664$429$269$165$99$18
39 years$640$408$252$152$90$15
40 years$617$388$236$140$81$13
41 years$595$370$222$129$74$11
42 years$574$352$208$119$67$10
43 years$555$336$195$110$61$8
44 years$536$320$183$102$55$7
45 years$518$305$172$94$50$6
46 years$501$291$162$87$45$5
47 years$485$278$152$80$41$5
48 years$469$265$143$74$37$4
49 years$455$253$134$68$34$3
50 years$440$242$126$63$31$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $451,000, adding $3,487 every year, while hoping to spend $27,404 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: 56/21/23 Blend
61$451,000$451,000$451,000$451,000
62$500,599$476,696$469,705$525,322
63$522,502$470,896$456,283$536,831
64$545,721$463,894$441,492$546,171
65$570,361$455,601$425,259$555,762
66$596,538$445,925$407,504$565,638
67$624,376$434,767$388,147$575,833
68$654,013$422,022$367,101$586,391
69$685,602$407,580$344,278$597,359
70$719,306$391,324$319,584$608,791
71$755,306$373,130$292,921$620,747
72$793,802$352,868$264,189$633,299
73$835,010$330,398$233,279$646,523
74$879,169$305,576$200,082$660,509
75$926,540$278,245$164,480$675,356
76$977,410$248,242$126,353$691,177
77$1,032,094$215,394$85,575$708,098
78$1,090,939$179,520$42,013$726,261
79$1,154,323$140,424$0$745,824
80$1,222,664$97,905$0$768,066
81$1,296,419$51,746$0$803,160
82$1,376,092$1,720$0$841,047
83$1,462,236$0$0$882,014
84$1,555,459$0$0$938,493
85$1,656,430$0$0$1,000,129
86$1,765,882$0$0$1,066,978
87$1,884,623$0$0$1,139,538
88$2,013,543$0$0$1,218,357
89$2,153,619$0$0$1,304,037
90$2,305,925$0$0$1,397,240
91$2,471,644$0$0$1,498,697
92$2,652,078$0$0$1,609,208
93$2,848,659$0$0$1,729,657
94$3,062,962$0$0$1,861,016
95$3,296,721$0$0$2,004,354
96$3,551,846$0$0$2,160,848
97$3,830,438$0$0$2,331,794
98$4,134,810$0$0$2,518,619
99$4,467,509$0$0$2,722,893
100$4,831,337$0$0$2,946,345