Can I retire at age 62 with 475,000?

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 $475,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$39,225$38,876$38,535$38,202$37,877$36,724
2 years$19,418$19,057$18,706$18,366$18,037$16,884
3 years$12,817$12,454$12,104$11,768$11,443$10,328
4 years$9,517$9,155$8,809$8,478$8,161$7,092
5 years$7,537$7,178$6,836$6,512$6,204$5,184
6 years$6,218$5,861$5,524$5,208$4,909$3,939
7 years$5,276$4,922$4,591$4,281$3,992$3,072
8 years$4,570$4,219$3,893$3,592$3,312$2,441
9 years$4,021$3,673$3,353$3,059$2,789$1,966
10 years$3,582$3,238$2,924$2,637$2,377$1,600
11 years$3,223$2,883$2,574$2,295$2,044$1,313
12 years$2,925$2,587$2,284$2,013$1,771$1,085
13 years$2,672$2,338$2,041$1,777$1,545$900
14 years$2,456$2,125$1,834$1,578$1,354$751
15 years$2,268$1,941$1,656$1,407$1,192$628
16 years$2,104$1,781$1,501$1,260$1,054$527
17 years$1,960$1,640$1,366$1,132$934$443
18 years$1,832$1,516$1,247$1,020$831$373
19 years$1,717$1,405$1,141$922$740$315
20 years$1,614$1,306$1,048$835$661$266
21 years$1,521$1,216$964$758$592$225
22 years$1,437$1,135$888$689$530$190
23 years$1,360$1,062$820$627$476$161
24 years$1,289$995$758$572$428$137
25 years$1,225$933$702$523$385$116
26 years$1,165$877$651$478$347$99
27 years$1,110$826$605$437$313$84
28 years$1,059$778$562$401$282$71
29 years$1,011$734$523$367$255$60
30 years$967$693$487$337$230$51
31 years$926$655$454$310$208$44
32 years$887$620$424$285$188$37
33 years$851$587$396$262$170$32
34 years$817$556$370$241$154$27
35 years$785$528$346$222$140$23
36 years$754$501$323$204$127$19
37 years$726$476$303$188$115$17
38 years$699$452$284$173$104$14
39 years$674$430$266$160$94$12
40 years$649$409$249$147$86$10
41 years$626$389$233$136$78$9
42 years$605$371$219$126$70$7
43 years$584$353$206$116$64$6
44 years$564$337$193$107$58$5
45 years$546$321$181$99$53$5
46 years$528$306$170$91$48$4
47 years$511$292$160$84$43$3
48 years$494$279$150$78$39$3
49 years$479$267$141$72$36$2
50 years$464$255$133$67$33$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $475,000, adding $2,950 every year, while hoping to spend $32,959 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: 36/40/24 Blend
61$475,000$475,000$475,000$475,000
62$526,493$501,318$493,955$541,548
63$545,127$490,814$475,435$542,392
64$564,557$478,692$455,189$540,063
65$584,830$464,835$433,126$536,892
66$605,995$449,125$409,148$532,825
67$628,107$431,432$383,154$527,804
68$651,223$411,621$355,040$521,769
69$675,407$389,551$324,693$514,659
70$700,728$365,068$291,999$506,407
71$727,259$338,012$256,838$496,947
72$755,080$308,216$219,083$486,208
73$784,279$275,499$178,603$474,117
74$814,949$239,673$135,260$460,598
75$847,195$200,537$88,912$445,573
76$881,126$157,881$39,408$428,960
77$916,866$111,482$0$410,675
78$954,545$61,104$0$394,070
79$994,309$6,498$0$386,609
80$1,036,315$0$0$378,144
81$1,080,733$0$0$391,776
82$1,127,752$0$0$409,265
83$1,177,575$0$0$427,829
84$1,230,426$0$0$447,557
85$1,286,549$0$0$468,544
86$1,346,212$0$0$490,895
87$1,409,705$0$0$514,724
88$1,477,350$0$0$540,157
89$1,549,496$0$0$567,332
90$1,626,526$0$0$596,399
91$1,708,862$0$0$627,524
92$1,796,963$0$0$660,887
93$1,891,336$0$0$696,688
94$1,992,533$0$0$735,145
95$2,101,163$0$0$776,498
96$2,217,894$0$0$821,010
97$2,343,457$0$0$868,969
98$2,478,656$0$0$920,692
99$2,624,375$0$0$976,529
100$2,781,584$0$0$1,036,861