Can I retire at age 62 with 519,000?

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 $519,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$42,859$42,477$42,104$41,741$41,386$41,211
2 years$21,217$20,822$20,439$20,068$19,708$19,531
3 years$14,004$13,607$13,225$12,858$12,503$12,331
4 years$10,398$10,003$9,625$9,263$8,917$8,750
5 years$8,236$7,842$7,469$7,115$6,779$6,617
6 years$6,794$6,404$6,036$5,690$5,364$5,208
7 years$5,765$5,378$5,016$4,678$4,362$4,212
8 years$4,993$4,610$4,254$3,924$3,619$3,475
9 years$4,394$4,014$3,664$3,343$3,048$2,910
10 years$3,914$3,538$3,194$2,881$2,597$2,465
11 years$3,522$3,150$2,812$2,508$2,233$2,107
12 years$3,196$2,827$2,496$2,200$1,935$1,814
13 years$2,919$2,555$2,230$1,942$1,688$1,572
14 years$2,683$2,322$2,004$1,724$1,479$1,369
15 years$2,478$2,121$1,809$1,537$1,303$1,198
16 years$2,299$1,946$1,640$1,376$1,151$1,052
17 years$2,142$1,792$1,492$1,237$1,021$926
18 years$2,002$1,656$1,362$1,115$908$818
19 years$1,876$1,535$1,247$1,007$809$724
20 years$1,764$1,426$1,145$912$723$642
21 years$1,662$1,329$1,053$828$647$570
22 years$1,570$1,240$970$753$580$507
23 years$1,486$1,160$896$685$520$452
24 years$1,409$1,087$829$625$468$403
25 years$1,338$1,020$767$571$421$360
26 years$1,273$959$712$522$379$322
27 years$1,213$902$661$478$342$288
28 years$1,157$850$614$438$308$258
29 years$1,105$802$572$401$278$231
30 years$1,056$757$533$368$252$207
31 years$1,011$716$497$338$227$186
32 years$969$677$463$311$206$167
33 years$929$642$433$286$186$150
34 years$892$608$404$263$169$134
35 years$857$577$378$242$153$121
36 years$824$547$353$223$138$108
37 years$793$520$331$206$125$97
38 years$764$494$310$189$114$88
39 years$736$470$290$175$103$79
40 years$710$447$272$161$94$71
41 years$685$426$255$149$85$64
42 years$661$405$239$137$77$57
43 years$638$386$225$127$70$52
44 years$617$368$211$117$63$46
45 years$596$351$198$108$58$42
46 years$577$335$186$100$52$38
47 years$558$320$175$92$47$34
48 years$540$305$164$85$43$30
49 years$523$291$154$79$39$27
50 years$507$278$145$73$36$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $519,000, adding $4,291 every year, while hoping to spend $25,257 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: 80/5/15 Blend
61$519,000$519,000$519,000$519,000
62$576,364$548,857$540,813$620,355
63$608,280$548,878$532,057$649,924
64$642,605$548,053$522,161$678,683
65$679,558$546,315$511,060$709,526
66$719,379$543,591$498,687$742,652
67$762,333$539,804$484,970$778,278
68$808,710$534,873$469,836$816,644
69$858,829$528,713$453,206$858,016
70$913,040$521,231$434,999$902,685
71$971,729$512,330$415,131$950,972
72$1,035,320$501,908$393,512$1,003,232
73$1,104,278$489,857$370,050$1,059,856
74$1,179,115$476,061$344,647$1,121,273
75$1,260,395$460,398$317,203$1,187,960
76$1,348,737$442,740$287,612$1,260,438
77$1,444,824$422,949$255,762$1,339,285
78$1,549,404$400,882$221,538$1,425,137
79$1,663,304$376,386$184,820$1,518,694
80$1,787,431$349,298$145,482$1,620,729
81$1,922,785$319,450$103,391$1,732,094
82$2,070,465$286,660$58,411$1,853,728
83$2,231,683$250,736$10,399$1,986,666
84$2,407,771$211,479$0$2,132,050
85$2,600,197$168,674$0$2,297,674
86$2,810,575$122,097$0$2,480,590
87$3,040,684$71,511$0$2,680,687
88$3,292,483$16,663$0$2,899,679
89$3,568,127$0$0$3,139,451
90$3,869,990$0$0$3,404,432
91$4,200,688$0$0$3,695,744
92$4,563,100$0$0$4,015,008
93$4,960,397$0$0$4,365,018
94$5,396,072$0$0$4,748,855
95$5,873,971$0$0$5,169,909
96$6,398,333$0$0$5,631,916
97$6,973,824$0$0$6,138,990
98$7,605,585$0$0$6,695,663
99$8,299,280$0$0$7,306,927
100$9,061,146$0$0$7,978,282