Can I retire at age 62 with 665,000?

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 $665,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$54,915$54,426$53,949$53,483$53,028$51,830
2 years$27,186$26,679$26,189$25,713$25,251$24,051
3 years$17,944$17,435$16,946$16,475$16,021$14,855
4 years$13,324$12,817$12,332$11,869$11,426$10,305
5 years$10,552$10,049$9,570$9,117$8,686$7,612
6 years$8,705$8,205$7,734$7,291$6,873$5,847
7 years$7,387$6,891$6,427$5,994$5,589$4,612
8 years$6,398$5,907$5,451$5,028$4,637$3,707
9 years$5,630$5,143$4,695$4,283$3,905$3,023
10 years$5,015$4,533$4,093$3,692$3,327$2,491
11 years$4,513$4,036$3,603$3,213$2,862$2,071
12 years$4,094$3,622$3,198$2,818$2,480$1,733
13 years$3,741$3,273$2,857$2,488$2,162$1,458
14 years$3,438$2,975$2,567$2,209$1,896$1,232
15 years$3,175$2,718$2,318$1,970$1,669$1,045
16 years$2,946$2,494$2,101$1,764$1,475$890
17 years$2,744$2,297$1,912$1,585$1,308$759
18 years$2,565$2,122$1,746$1,428$1,163$649
19 years$2,404$1,967$1,598$1,290$1,037$556
20 years$2,260$1,828$1,467$1,169$926$477
21 years$2,130$1,702$1,349$1,061$829$410
22 years$2,012$1,589$1,243$964$743$352
23 years$1,904$1,486$1,148$878$667$303
24 years$1,805$1,393$1,062$801$599$261
25 years$1,714$1,307$983$732$539$225
26 years$1,631$1,228$912$669$486$194
27 years$1,554$1,156$847$612$438$168
28 years$1,482$1,089$787$561$395$145
29 years$1,416$1,028$733$514$357$125
30 years$1,354$970$682$472$322$108
31 years$1,296$917$636$434$291$93
32 years$1,242$868$594$398$264$81
33 years$1,191$822$554$366$239$70
34 years$1,143$779$518$337$216$60
35 years$1,098$739$484$310$196$52
36 years$1,056$701$453$286$177$45
37 years$1,016$666$424$263$161$39
38 years$979$633$397$243$146$34
39 years$943$602$372$224$132$29
40 years$909$573$349$206$120$25
41 years$877$545$327$190$109$22
42 years$847$519$307$176$99$19
43 years$818$495$288$162$90$16
44 years$790$472$270$150$81$14
45 years$764$450$254$138$74$12
46 years$739$429$238$128$67$11
47 years$715$409$224$118$61$9
48 years$692$391$210$109$55$8
49 years$670$373$198$101$50$7
50 years$649$357$186$93$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $665,000, adding $2,977 every year, while hoping to spend $40,643 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: 65/27/8 Blend
61$665,000$665,000$665,000$665,000
62$735,901$700,656$690,348$782,398
63$767,719$691,744$670,231$804,809
64$801,420$681,034$648,078$824,196
65$837,154$668,393$623,777$844,319
66$875,083$653,684$597,213$865,244
67$915,386$636,759$568,265$887,049
68$958,258$617,463$536,804$909,818
69$1,003,912$595,630$502,699$933,648
70$1,052,582$571,087$465,810$958,644
71$1,104,524$543,649$425,993$984,925
72$1,160,018$513,120$383,097$1,012,626
73$1,219,372$479,295$336,962$1,041,895
74$1,282,922$441,955$287,425$1,072,897
75$1,351,039$400,869$234,312$1,105,818
76$1,424,127$355,794$177,444$1,140,865
77$1,502,631$306,471$116,632$1,178,268
78$1,587,041$252,629$51,680$1,218,283
79$1,677,890$193,980$0$1,261,196
80$1,775,769$130,219$0$1,308,831
81$1,881,324$61,026$0$1,364,841
82$1,995,265$0$0$1,425,224
83$2,118,372$0$0$1,494,578
84$2,251,504$0$0$1,589,221
85$2,395,602$0$0$1,691,697
86$2,551,703$0$0$1,802,748
87$2,720,946$0$0$1,923,188
88$2,904,585$0$0$2,053,915
89$3,103,997$0$0$2,195,915
90$3,320,698$0$0$2,350,273
91$3,556,356$0$0$2,518,181
92$3,812,804$0$0$2,700,955
93$4,092,062$0$0$2,900,037
94$4,396,351$0$0$3,117,019
95$4,728,114$0$0$3,353,650
96$5,090,042$0$0$3,611,857
97$5,485,096$0$0$3,893,758
98$5,916,535$0$0$4,201,689
99$6,387,948$0$0$4,538,218
100$6,903,284$0$0$4,906,173