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%16.2%
1 years$43,354$42,968$42,591$42,223$41,864$40,803
2 years$21,462$21,063$20,675$20,300$19,935$18,873
3 years$14,166$13,765$13,378$13,006$12,648$11,617
4 years$10,519$10,118$9,736$9,370$9,021$8,030
5 years$8,331$7,933$7,556$7,197$6,857$5,910
6 years$6,873$6,478$6,106$5,756$5,426$4,522
7 years$5,832$5,440$5,074$4,732$4,413$3,553
8 years$5,051$4,663$4,303$3,970$3,661$2,844
9 years$4,444$4,060$3,706$3,381$3,083$2,309
10 years$3,959$3,579$3,231$2,915$2,627$1,895
11 years$3,563$3,186$2,845$2,537$2,259$1,568
12 years$3,232$2,860$2,525$2,225$1,958$1,306
13 years$2,953$2,584$2,256$1,964$1,707$1,094
14 years$2,714$2,349$2,027$1,744$1,496$920
15 years$2,507$2,146$1,830$1,555$1,318$777
16 years$2,326$1,969$1,659$1,392$1,165$658
17 years$2,166$1,813$1,510$1,251$1,033$558
18 years$2,025$1,675$1,378$1,127$918$475
19 years$1,898$1,553$1,262$1,019$818$405
20 years$1,784$1,443$1,158$923$731$345
21 years$1,681$1,344$1,065$837$654$295
22 years$1,588$1,255$982$761$586$252
23 years$1,503$1,173$906$693$526$216
24 years$1,425$1,099$838$632$473$185
25 years$1,354$1,032$776$578$426$159
26 years$1,288$970$720$528$383$136
27 years$1,227$913$669$483$346$117
28 years$1,170$860$622$443$312$100
29 years$1,118$811$578$406$282$86
30 years$1,069$766$539$373$255$74
31 years$1,023$724$502$342$230$64
32 years$980$685$469$315$208$55
33 years$940$649$438$289$188$47
34 years$903$615$409$266$171$40
35 years$867$583$382$245$154$35
36 years$834$554$358$226$140$30
37 years$802$526$335$208$127$26
38 years$773$500$313$192$115$22
39 years$744$475$294$177$104$19
40 years$718$452$275$163$95$16
41 years$692$430$258$150$86$14
42 years$668$410$242$139$78$12
43 years$646$391$227$128$71$10
44 years$624$372$213$118$64$9
45 years$603$355$200$109$58$8
46 years$583$339$188$101$53$7
47 years$564$323$177$93$48$6
48 years$546$309$166$86$44$5
49 years$529$295$156$80$40$4
50 years$513$281$147$74$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $525,000, adding $6,099 every year, while hoping to spend $39,108 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: 65/9/26 Blend
61$525,000$525,000$525,000$525,000
62$584,841$557,016$548,879$618,499
63$602,884$542,699$525,655$627,636
64$621,457$526,370$500,344$632,701
65$640,572$507,889$472,832$637,363
66$660,243$487,108$443,004$641,586
67$680,481$463,869$410,738$645,333
68$701,300$438,009$375,907$648,562
69$722,711$409,350$338,379$651,231
70$744,728$377,708$298,015$653,294
71$767,362$342,888$254,670$654,701
72$790,625$304,681$208,193$655,402
73$814,528$262,870$158,427$655,341
74$839,081$217,222$105,206$654,460
75$864,296$167,494$48,358$652,697
76$890,180$113,427$0$649,987
77$916,743$54,750$0$649,673
78$943,993$0$0$662,807
79$971,934$0$0$676,807
80$1,000,573$0$0$696,710
81$1,029,912$0$0$717,095
82$1,059,952$0$0$737,964
83$1,090,695$0$0$759,314
84$1,122,136$0$0$781,144
85$1,154,269$0$0$803,448
86$1,187,087$0$0$826,220
87$1,220,578$0$0$849,450
88$1,254,726$0$0$873,127
89$1,289,510$0$0$897,236
90$1,324,907$0$0$921,758
91$1,360,886$0$0$946,671
92$1,397,411$0$0$971,948
93$1,434,440$0$0$997,557
94$1,471,923$0$0$1,023,463
95$1,509,801$0$0$1,049,622
96$1,548,005$0$0$1,075,985
97$1,586,460$0$0$1,102,495
98$1,625,074$0$0$1,129,087
99$1,663,746$0$0$1,155,687
100$1,702,359$0$0$1,182,210