Can I retire at age 62 with 525,000?

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 $525,000?

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$43,354$42,968$42,591$42,223$41,864$41,120
2 years$21,462$21,063$20,675$20,300$19,935$19,188
3 years$14,166$13,765$13,378$13,006$12,648$11,921
4 years$10,519$10,118$9,736$9,370$9,021$8,319
5 years$8,331$7,933$7,556$7,197$6,857$6,184
6 years$6,873$6,478$6,106$5,756$5,426$4,781
7 years$5,832$5,440$5,074$4,732$4,413$3,797
8 years$5,051$4,663$4,303$3,970$3,661$3,073
9 years$4,444$4,060$3,706$3,381$3,083$2,524
10 years$3,959$3,579$3,231$2,915$2,627$2,096
11 years$3,563$3,186$2,845$2,537$2,259$1,755
12 years$3,232$2,860$2,525$2,225$1,958$1,480
13 years$2,953$2,584$2,256$1,964$1,707$1,256
14 years$2,714$2,349$2,027$1,744$1,496$1,070
15 years$2,507$2,146$1,830$1,555$1,318$915
16 years$2,326$1,969$1,659$1,392$1,165$785
17 years$2,166$1,813$1,510$1,251$1,033$676
18 years$2,025$1,675$1,378$1,127$918$583
19 years$1,898$1,553$1,262$1,019$818$504
20 years$1,784$1,443$1,158$923$731$436
21 years$1,681$1,344$1,065$837$654$378
22 years$1,588$1,255$982$761$586$328
23 years$1,503$1,173$906$693$526$285
24 years$1,425$1,099$838$632$473$248
25 years$1,354$1,032$776$578$426$216
26 years$1,288$970$720$528$383$188
27 years$1,227$913$669$483$346$164
28 years$1,170$860$622$443$312$143
29 years$1,118$811$578$406$282$124
30 years$1,069$766$539$373$255$109
31 years$1,023$724$502$342$230$95
32 years$980$685$469$315$208$83
33 years$940$649$438$289$188$72
34 years$903$615$409$266$171$63
35 years$867$583$382$245$154$55
36 years$834$554$358$226$140$48
37 years$802$526$335$208$127$42
38 years$773$500$313$192$115$37
39 years$744$475$294$177$104$32
40 years$718$452$275$163$95$28
41 years$692$430$258$150$86$25
42 years$668$410$242$139$78$22
43 years$646$391$227$128$71$19
44 years$624$372$213$118$64$16
45 years$603$355$200$109$58$14
46 years$583$339$188$101$53$13
47 years$564$323$177$93$48$11
48 years$546$309$166$86$44$10
49 years$529$295$156$80$40$8
50 years$513$281$147$74$36$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $525,000, adding $6,337 every year, while hoping to spend $21,823 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: 62/12/26 Blend
61$525,000$525,000$525,000$525,000
62$585,087$557,262$549,124$616,949
63$621,546$561,348$544,300$643,394
64$660,993$564,903$538,583$669,314
65$703,709$567,878$531,921$697,142
66$750,003$570,220$524,256$727,068
67$800,217$571,875$515,533$759,303
68$854,725$572,782$505,689$794,078
69$913,939$572,880$494,661$831,651
70$978,311$572,102$482,382$872,304
71$1,048,340$570,377$468,784$916,350
72$1,124,576$567,630$453,793$964,136
73$1,207,620$563,781$437,332$1,016,043
74$1,298,137$558,746$419,323$1,072,492
75$1,396,858$552,436$399,682$1,133,951
76$1,504,588$544,756$378,321$1,200,932
77$1,622,212$535,604$355,150$1,274,004
78$1,750,704$524,875$330,074$1,353,794
79$1,891,137$512,456$302,994$1,440,994
80$2,044,694$498,227$273,804$1,536,369
81$2,212,674$482,061$242,398$1,640,762
82$2,396,509$463,825$208,661$1,755,104
83$2,597,778$443,377$172,476$1,880,424
84$2,818,216$420,567$133,718$2,017,856
85$3,059,735$395,236$92,259$2,168,652
86$3,324,443$367,217$47,965$2,334,194
87$3,614,658$336,333$693$2,516,007
88$3,932,935$302,395$0$2,715,773
89$4,282,088$265,207$0$2,949,151
90$4,665,217$224,558$0$3,205,491
91$5,085,735$180,227$0$3,486,903
92$5,547,404$131,982$0$3,795,927
93$6,054,364$79,574$0$4,135,362
94$6,611,180$22,743$0$4,508,293
95$7,222,877$0$0$4,918,119
96$7,894,995$0$0$5,373,709
97$8,633,634$0$0$5,877,732
98$9,445,514$0$0$6,431,776
99$10,338,040$0$0$7,040,899
100$11,319,370$0$0$7,710,676