Can I retire at age 62 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$55,163$54,671$54,192$53,724$53,267$52,493
2 years$27,308$26,800$26,307$25,829$25,365$24,587
3 years$18,025$17,514$17,022$16,549$16,093$15,334
4 years$13,384$12,875$12,388$11,923$11,478$10,745
5 years$10,600$10,094$9,613$9,158$8,725$8,020
6 years$8,745$8,242$7,769$7,323$6,904$6,228
7 years$7,420$6,922$6,456$6,021$5,615$4,968
8 years$6,427$5,933$5,475$5,051$4,658$4,040
9 years$5,655$5,166$4,716$4,302$3,923$3,334
10 years$5,038$4,554$4,111$3,709$3,342$2,781
11 years$4,533$4,054$3,620$3,228$2,874$2,341
12 years$4,113$3,639$3,212$2,831$2,491$1,985
13 years$3,758$3,288$2,870$2,499$2,172$1,692
14 years$3,453$2,989$2,579$2,219$1,904$1,450
15 years$3,190$2,730$2,328$1,979$1,677$1,247
16 years$2,959$2,505$2,111$1,772$1,482$1,076
17 years$2,756$2,307$1,921$1,592$1,314$931
18 years$2,576$2,132$1,753$1,435$1,168$808
19 years$2,415$1,976$1,605$1,296$1,041$702
20 years$2,270$1,836$1,473$1,174$930$612
21 years$2,139$1,710$1,355$1,065$832$533
22 years$2,021$1,596$1,249$969$746$466
23 years$1,912$1,493$1,153$882$670$407
24 years$1,813$1,399$1,066$805$602$356
25 years$1,722$1,313$988$735$542$312
26 years$1,638$1,234$916$672$488$274
27 years$1,561$1,161$851$615$440$240
28 years$1,489$1,094$791$564$397$211
29 years$1,422$1,032$736$517$358$185
30 years$1,360$975$685$474$324$162
31 years$1,302$922$639$436$293$143
32 years$1,247$872$596$400$265$125
33 years$1,196$826$557$368$240$110
34 years$1,148$783$520$339$217$97
35 years$1,103$742$486$312$197$85
36 years$1,061$705$455$287$178$75
37 years$1,021$669$426$265$161$66
38 years$983$636$399$244$146$58
39 years$947$605$374$225$133$51
40 years$913$575$350$207$120$45
41 years$881$548$328$191$109$40
42 years$850$522$308$177$99$35
43 years$821$497$289$163$90$31
44 years$794$474$271$151$82$27
45 years$767$452$255$139$74$24
46 years$742$431$239$128$67$21
47 years$718$411$225$119$61$18
48 years$695$393$211$110$55$16
49 years$673$375$199$101$50$14
50 years$652$358$187$94$46$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $668,000, adding $3,760 every year, while hoping to spend $55,094 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: 38/35/27 Blend
61$668,000$668,000$668,000$668,000
62$740,014$704,610$694,256$762,063
63$756,876$680,517$658,894$754,470
64$773,612$653,396$620,501$740,927
65$790,149$623,042$578,917$725,228
66$806,409$589,235$533,976$707,212
67$822,301$551,746$485,502$686,707
68$837,723$510,329$433,314$663,532
69$852,562$464,726$377,221$637,491
70$866,690$414,665$317,025$608,375
71$879,966$359,856$252,518$575,959
72$892,229$299,996$183,484$540,007
73$903,301$234,761$109,696$500,261
74$912,985$163,812$30,918$456,448
75$921,060$86,788$0$408,276
76$927,279$3,312$0$370,742
77$931,369$0$0$338,698
78$933,026$0$0$336,459
79$931,912$0$0$334,284
80$927,650$0$0$330,736
81$919,826$0$0$325,642
82$907,977$0$0$318,804
83$891,590$0$0$310,007
84$870,099$0$0$299,012
85$842,873$0$0$285,552
86$809,218$0$0$269,335
87$768,361$0$0$250,036
88$719,450$0$0$227,294
89$661,541$0$0$200,714
90$593,589$0$0$169,854
91$514,439$0$0$134,230
92$422,817$0$0$93,305
93$317,310$0$0$46,484
94$196,359$0$0$0
95$58,241$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0