Can I retire at age 62 with 681,000?

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 $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$56,236$55,735$55,247$54,770$54,304$54,007
2 years$27,840$27,321$26,819$26,332$25,859$25,559
3 years$18,375$17,855$17,354$16,871$16,406$16,113
4 years$13,644$13,125$12,629$12,155$11,701$11,417
5 years$10,806$10,290$9,801$9,336$8,895$8,620
6 years$8,915$8,403$7,920$7,466$7,038$6,774
7 years$7,564$7,057$6,582$6,138$5,724$5,470
8 years$6,552$6,049$5,582$5,149$4,749$4,504
9 years$5,765$5,267$4,808$4,386$3,999$3,765
10 years$5,136$4,642$4,191$3,781$3,407$3,183
11 years$4,621$4,133$3,690$3,290$2,930$2,716
12 years$4,193$3,709$3,275$2,886$2,539$2,335
13 years$3,831$3,352$2,926$2,548$2,214$2,019
14 years$3,521$3,047$2,629$2,262$1,941$1,755
15 years$3,252$2,783$2,374$2,017$1,709$1,532
16 years$3,017$2,554$2,152$1,806$1,511$1,343
17 years$2,810$2,352$1,958$1,623$1,339$1,180
18 years$2,626$2,173$1,788$1,462$1,191$1,040
19 years$2,462$2,014$1,636$1,321$1,061$918
20 years$2,315$1,872$1,502$1,197$948$813
21 years$2,181$1,743$1,381$1,086$848$720
22 years$2,060$1,627$1,273$988$761$640
23 years$1,950$1,522$1,176$899$683$569
24 years$1,849$1,426$1,087$820$614$506
25 years$1,756$1,338$1,007$749$552$451
26 years$1,670$1,258$934$685$497$402
27 years$1,591$1,184$867$627$448$359
28 years$1,518$1,115$806$574$405$321
29 years$1,450$1,052$750$527$365$286
30 years$1,386$994$699$483$330$256
31 years$1,327$939$651$444$298$229
32 years$1,272$889$608$408$270$205
33 years$1,220$842$568$375$244$184
34 years$1,171$798$530$345$221$165
35 years$1,125$757$496$318$200$147
36 years$1,082$718$464$293$182$132
37 years$1,041$682$434$270$165$118
38 years$1,002$648$407$249$149$106
39 years$966$616$381$229$135$95
40 years$931$587$357$211$123$85
41 years$898$558$335$195$111$77
42 years$867$532$314$180$101$69
43 years$837$507$295$166$92$62
44 years$809$483$277$153$83$55
45 years$782$461$260$142$76$50
46 years$757$439$244$131$69$45
47 years$732$419$229$121$62$40
48 years$709$400$215$112$57$36
49 years$686$382$202$103$51$32
50 years$665$365$190$95$47$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $681,000, adding $4,225 every year, while hoping to spend $26,094 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: 49/32/19 Blend
61$681,000$681,000$681,000$681,000
62$754,820$718,727$708,172$787,596
63$804,048$726,181$704,132$818,201
64$857,422$733,125$699,082$848,424
65$915,339$739,508$692,960$880,704
66$978,233$745,273$685,703$915,242
67$1,046,581$750,360$677,244$952,265
68$1,120,912$754,707$667,510$992,021
69$1,201,803$758,246$656,430$1,034,786
70$1,289,891$760,904$643,925$1,080,864
71$1,385,878$762,606$629,914$1,130,594
72$1,490,534$763,271$614,313$1,184,346
73$1,604,709$762,812$597,033$1,242,535
74$1,729,338$761,138$577,982$1,305,615
75$1,865,449$758,152$557,063$1,374,090
76$2,014,174$753,750$534,173$1,448,518
77$2,176,760$747,825$509,209$1,529,514
78$2,354,579$740,258$482,057$1,617,759
79$2,549,144$730,929$452,604$1,714,005
80$2,762,118$719,705$420,727$1,819,083
81$2,995,334$706,450$386,301$1,933,912
82$3,250,809$691,018$349,194$2,059,507
83$3,530,766$673,252$309,266$2,196,988
84$3,837,652$652,990$266,375$2,347,593
85$4,174,164$630,057$220,369$2,512,692
86$4,543,269$604,271$171,092$2,693,794
87$4,948,239$575,436$118,380$2,892,567
88$5,392,674$543,347$62,060$3,110,855
89$5,880,543$507,787$1,955$3,350,692
90$6,416,215$468,526$0$3,614,324
91$7,004,506$425,320$0$3,916,838
92$7,650,718$377,913$0$4,249,607
93$8,360,694$326,034$0$4,615,297
94$9,140,869$269,395$0$5,017,288
95$9,998,336$207,693$0$5,459,306
96$10,940,905$140,608$0$5,945,462
97$11,977,181$67,802$0$6,480,289
98$13,116,648$0$0$7,068,787
99$14,369,751$0$0$7,720,371
100$15,747,999$0$0$8,463,368