Can I retire at age 62 with 466,000?

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 $466,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$38,482$38,139$37,805$37,478$37,159$36,173
2 years$19,050$18,696$18,352$18,018$17,695$16,708
3 years$12,574$12,218$11,875$11,545$11,226$10,270
4 years$9,337$8,981$8,642$8,317$8,007$7,088
5 years$7,395$7,042$6,706$6,388$6,087$5,208
6 years$6,100$5,750$5,420$5,109$4,816$3,979
7 years$5,176$4,829$4,504$4,200$3,917$3,121
8 years$4,484$4,139$3,820$3,524$3,249$2,494
9 years$3,945$3,604$3,290$3,001$2,736$2,021
10 years$3,514$3,177$2,868$2,587$2,332$1,655
11 years$3,162$2,828$2,525$2,252$2,005$1,367
12 years$2,869$2,538$2,241$1,975$1,738$1,137
13 years$2,621$2,294$2,002$1,744$1,515$950
14 years$2,409$2,085$1,799$1,548$1,328$798
15 years$2,225$1,905$1,624$1,380$1,170$672
16 years$2,065$1,748$1,473$1,236$1,034$568
17 years$1,923$1,609$1,340$1,110$917$481
18 years$1,797$1,487$1,223$1,001$815$408
19 years$1,685$1,378$1,120$904$726$347
20 years$1,584$1,281$1,028$819$649$295
21 years$1,493$1,193$945$743$581$252
22 years$1,410$1,114$871$676$520$215
23 years$1,334$1,042$804$615$467$183
24 years$1,265$976$744$561$420$157
25 years$1,201$916$689$513$378$134
26 years$1,143$861$639$469$340$115
27 years$1,089$810$593$429$307$98
28 years$1,039$763$552$393$277$84
29 years$992$720$513$360$250$72
30 years$949$680$478$331$226$62
31 years$908$643$446$304$204$53
32 years$870$608$416$279$185$45
33 years$835$576$388$257$167$39
34 years$801$546$363$236$151$33
35 years$770$518$339$217$137$29
36 years$740$491$317$200$124$25
37 years$712$467$297$185$113$21
38 years$686$444$278$170$102$18
39 years$661$422$261$157$93$15
40 years$637$401$244$145$84$13
41 years$615$382$229$133$76$11
42 years$593$364$215$123$69$10
43 years$573$347$202$114$63$8
44 years$554$330$189$105$57$7
45 years$535$315$178$97$52$6
46 years$518$301$167$90$47$5
47 years$501$287$157$83$43$5
48 years$485$274$147$76$39$4
49 years$470$262$138$71$35$3
50 years$455$250$130$65$32$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $466,000, adding $6,970 every year, while hoping to spend $36,227 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: 41/36/23 Blend
61$466,000$466,000$466,000$466,000
62$520,722$496,024$488,801$538,298
63$535,290$481,783$466,630$537,305
64$550,130$465,631$442,503$532,256
65$565,231$447,436$416,315$526,067
66$580,581$427,056$387,958$518,653
67$596,164$404,346$357,318$509,923
68$611,962$379,148$324,277$499,784
69$627,954$351,297$288,712$488,133
70$644,114$320,620$250,493$474,862
71$660,414$286,930$209,484$459,858
72$676,820$250,034$165,546$442,997
73$693,295$209,725$118,531$424,151
74$709,794$165,785$68,285$403,179
75$726,269$117,984$14,648$379,936
76$742,662$66,079$0$354,265
77$758,911$9,814$0$336,449
78$774,942$0$0$320,376
79$790,675$0$0$322,537
80$806,019$0$0$328,376
81$820,871$0$0$333,959
82$835,115$0$0$339,232
83$848,624$0$0$344,136
84$861,253$0$0$348,604
85$872,841$0$0$352,563
86$883,209$0$0$355,931
87$892,157$0$0$358,615
88$899,462$0$0$360,515
89$904,875$0$0$361,515
90$908,121$0$0$361,491
91$908,893$0$0$360,302
92$906,850$0$0$357,793
93$901,614$0$0$353,791
94$892,766$0$0$348,106
95$879,839$0$0$340,524
96$862,319$0$0$330,813
97$839,632$0$0$318,710
98$811,146$0$0$303,929
99$776,159$0$0$286,151
100$733,896$0$0$265,022