Can I retire at age 62 with 537,000?

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 $537,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$44,345$43,950$43,565$43,188$42,821$41,204
2 years$21,953$21,544$21,148$20,764$20,391$18,780
3 years$14,490$14,079$13,684$13,303$12,937$11,383
4 years$10,759$10,350$9,958$9,584$9,227$7,742
5 years$8,521$8,114$7,728$7,362$7,014$5,603
6 years$7,030$6,626$6,246$5,887$5,550$4,213
7 years$5,965$5,564$5,190$4,840$4,514$3,250
8 years$5,167$4,770$4,402$4,060$3,744$2,553
9 years$4,546$4,153$3,791$3,459$3,153$2,033
10 years$4,050$3,661$3,305$2,981$2,687$1,635
11 years$3,644$3,259$2,910$2,595$2,311$1,325
12 years$3,306$2,925$2,582$2,276$2,002$1,081
13 years$3,021$2,643$2,307$2,009$1,746$886
14 years$2,776$2,403$2,073$1,784$1,531$729
15 years$2,564$2,195$1,872$1,591$1,348$601
16 years$2,379$2,014$1,697$1,424$1,191$498
17 years$2,216$1,855$1,544$1,280$1,056$413
18 years$2,071$1,714$1,410$1,153$939$343
19 years$1,942$1,588$1,290$1,042$837$285
20 years$1,825$1,476$1,184$944$748$237
21 years$1,720$1,375$1,089$857$669$198
22 years$1,624$1,283$1,004$779$600$165
23 years$1,537$1,200$927$709$538$138
24 years$1,458$1,125$857$647$484$115
25 years$1,384$1,055$794$591$435$96
26 years$1,317$992$736$540$392$80
27 years$1,255$933$684$494$354$67
28 years$1,197$880$636$453$319$56
29 years$1,143$830$592$415$288$47
30 years$1,093$784$551$381$260$39
31 years$1,046$741$514$350$235$33
32 years$1,003$701$479$322$213$28
33 years$962$664$448$296$193$23
34 years$923$629$418$272$174$19
35 years$887$597$391$251$158$16
36 years$853$566$366$231$143$14
37 years$821$538$342$213$130$11
38 years$790$511$321$196$118$9
39 years$761$486$300$181$107$8
40 years$734$463$281$167$97$7
41 years$708$440$264$154$88$6
42 years$684$419$248$142$80$5
43 years$660$400$232$131$72$4
44 years$638$381$218$121$66$3
45 years$617$363$205$112$60$3
46 years$597$346$192$103$54$2
47 years$577$331$181$95$49$2
48 years$559$316$170$88$45$2
49 years$541$301$160$81$41$1
50 years$524$288$150$75$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $537,000, adding $2,156 every year, while hoping to spend $42,381 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: 59/16/25 Blend
61$537,000$537,000$537,000$537,000
62$593,998$565,537$557,213$624,925
63$609,493$548,155$530,787$628,869
64$625,147$528,501$502,055$628,434
65$640,934$506,419$470,895$627,053
66$656,819$481,744$437,180$624,644
67$672,766$454,300$400,777$621,119
68$688,731$423,904$361,546$616,384
69$704,666$390,360$319,342$610,337
70$720,515$353,461$274,013$602,868
71$736,216$312,989$225,401$593,858
72$751,698$268,713$173,340$583,181
73$766,882$220,391$117,658$570,699
74$781,677$167,763$58,172$556,264
75$795,984$110,559$0$539,717
76$809,689$48,491$0$522,301
77$822,666$0$0$519,067
78$834,774$0$0$517,635
79$845,855$0$0$524,048
80$855,733$0$0$529,655
81$864,213$0$0$534,326
82$871,075$0$0$537,919
83$876,076$0$0$540,275
84$878,946$0$0$541,217
85$879,385$0$0$540,550
86$877,058$0$0$538,054
87$871,595$0$0$533,488
88$862,584$0$0$526,583
89$849,571$0$0$517,043
90$832,048$0$0$504,537
91$809,457$0$0$488,701
92$781,176$0$0$469,129
93$746,519$0$0$445,374
94$704,726$0$0$416,941
95$654,954$0$0$383,281
96$596,274$0$0$343,788
97$527,655$0$0$297,790
98$447,960$0$0$244,548
99$355,930$0$0$183,241
100$250,175$0$0$112,964