Can I retire at age 62 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$42,941$42,559$42,185$41,821$41,466$40,728
2 years$21,258$20,862$20,478$20,106$19,745$19,005
3 years$14,031$13,634$13,251$12,882$12,527$11,807
4 years$10,419$10,022$9,643$9,281$8,935$8,240
5 years$8,251$7,857$7,484$7,129$6,792$6,125
6 years$6,807$6,416$6,048$5,701$5,374$4,736
7 years$5,776$5,388$5,026$4,687$4,371$3,761
8 years$5,003$4,619$4,262$3,932$3,626$3,044
9 years$4,402$4,021$3,671$3,349$3,054$2,500
10 years$3,922$3,545$3,201$2,887$2,602$2,076
11 years$3,529$3,156$2,818$2,512$2,238$1,738
12 years$3,202$2,832$2,501$2,204$1,939$1,466
13 years$2,925$2,560$2,234$1,946$1,691$1,244
14 years$2,688$2,327$2,007$1,727$1,482$1,060
15 years$2,483$2,125$1,812$1,540$1,305$906
16 years$2,304$1,950$1,643$1,379$1,153$778
17 years$2,146$1,796$1,495$1,239$1,023$669
18 years$2,005$1,660$1,365$1,117$909$577
19 years$1,880$1,538$1,250$1,009$811$499
20 years$1,767$1,429$1,147$914$724$432
21 years$1,665$1,331$1,055$829$648$374
22 years$1,573$1,243$972$754$581$325
23 years$1,489$1,162$898$687$521$282
24 years$1,412$1,089$830$626$469$246
25 years$1,341$1,022$769$572$422$214
26 years$1,275$960$713$523$380$186
27 years$1,215$904$662$479$342$162
28 years$1,159$852$616$439$309$141
29 years$1,107$804$573$402$279$123
30 years$1,058$759$534$369$252$108
31 years$1,013$717$497$339$228$94
32 years$971$679$464$312$206$82
33 years$931$643$433$287$187$72
34 years$894$609$405$264$169$63
35 years$859$578$379$243$153$55
36 years$826$548$354$224$139$48
37 years$795$521$331$206$126$42
38 years$765$495$310$190$114$36
39 years$737$471$291$175$103$32
40 years$711$448$273$161$94$28
41 years$686$426$256$149$85$24
42 years$662$406$240$137$77$21
43 years$639$387$225$127$70$19
44 years$618$369$211$117$64$16
45 years$597$352$198$108$58$14
46 years$578$335$186$100$52$12
47 years$559$320$175$92$48$11
48 years$541$306$164$85$43$10
49 years$524$292$155$79$39$8
50 years$508$279$145$73$36$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $520,000, adding $4,472 every year, while hoping to spend $23,410 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: 46/44/10 Blend
61$520,000$520,000$520,000$520,000
62$577,653$550,093$542,033$602,412
63$611,665$552,139$535,283$622,022
64$648,363$553,502$527,522$640,507
65$687,994$554,121$518,692$660,028
66$730,832$553,936$508,732$680,689
67$777,179$552,881$497,576$702,605
68$827,365$550,886$485,159$725,906
69$881,754$547,877$471,409$750,732
70$940,746$543,776$456,254$777,245
71$1,004,779$538,499$439,616$805,620
72$1,074,339$531,957$421,416$836,053
73$1,149,957$524,058$401,568$868,762
74$1,232,217$514,702$379,986$903,990
75$1,321,765$503,784$356,577$942,004
76$1,419,308$491,192$331,245$983,102
77$1,525,626$476,810$303,891$1,027,616
78$1,641,578$460,511$274,409$1,075,911
79$1,768,107$442,164$242,690$1,128,395
80$1,906,254$421,630$208,619$1,185,518
81$2,057,162$398,760$172,078$1,247,779
82$2,222,091$373,398$132,942$1,315,733
83$2,402,429$345,380$91,080$1,389,993
84$2,599,703$314,529$46,357$1,471,238
85$2,815,594$280,662$0$1,560,221
86$3,051,953$243,583$0$1,657,922
87$3,310,819$203,086$0$1,770,404
88$3,594,439$158,953$0$1,893,754
89$3,905,284$110,954$0$2,029,120
90$4,246,077$58,845$0$2,177,768
91$4,619,819$2,371$0$2,341,102
92$5,029,813$0$0$2,520,671
93$5,479,698$0$0$2,746,627
94$5,973,481$0$0$2,995,955
95$6,515,578$0$0$3,269,743
96$7,110,853$0$0$3,570,456
97$7,764,662$0$0$3,900,808
98$8,482,907$0$0$4,263,791
99$9,272,090$0$0$4,662,698
100$10,139,374$0$0$5,101,160