Can I retire at age 62 with 726,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $726,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$59,952$59,418$58,897$58,389$57,892$56,723
2 years$29,679$29,127$28,591$28,072$27,568$26,395
3 years$19,590$19,035$18,500$17,986$17,490$16,351
4 years$14,546$13,992$13,463$12,958$12,474$11,376
5 years$11,520$10,970$10,448$9,953$9,483$8,430
6 years$9,504$8,958$8,444$7,959$7,503$6,496
7 years$8,064$7,523$7,017$6,544$6,102$5,141
8 years$6,985$6,449$5,951$5,489$5,062$4,147
9 years$6,146$5,615$5,125$4,676$4,263$3,394
10 years$5,475$4,949$4,468$4,031$3,632$2,807
11 years$4,927$4,406$3,934$3,508$3,124$2,342
12 years$4,470$3,954$3,491$3,077$2,707$1,968
13 years$4,084$3,574$3,119$2,716$2,361$1,663
14 years$3,753$3,248$2,803$2,411$2,069$1,411
15 years$3,467$2,967$2,530$2,150$1,822$1,202
16 years$3,216$2,723$2,294$1,925$1,610$1,027
17 years$2,996$2,507$2,088$1,730$1,428$880
18 years$2,800$2,317$1,906$1,559$1,270$756
19 years$2,625$2,147$1,745$1,409$1,132$650
20 years$2,467$1,995$1,601$1,276$1,011$560
21 years$2,325$1,859$1,473$1,158$905$483
22 years$2,196$1,735$1,357$1,053$811$418
23 years$2,078$1,623$1,253$959$728$361
24 years$1,971$1,520$1,159$875$654$313
25 years$1,872$1,427$1,074$799$589$271
26 years$1,781$1,341$996$730$530$235
27 years$1,696$1,262$925$668$478$204
28 years$1,618$1,189$859$612$431$177
29 years$1,545$1,122$800$562$390$153
30 years$1,478$1,059$745$515$352$133
31 years$1,415$1,002$695$473$318$116
32 years$1,356$948$648$435$288$100
33 years$1,300$897$605$400$260$87
34 years$1,248$851$565$368$236$76
35 years$1,199$807$529$339$214$66
36 years$1,153$766$494$312$194$57
37 years$1,110$727$463$288$175$50
38 years$1,068$691$433$265$159$43
39 years$1,029$657$406$244$144$38
40 years$993$625$381$225$131$33
41 years$958$595$357$208$119$29
42 years$924$567$335$192$108$25
43 years$893$540$314$177$98$22
44 years$863$515$295$164$89$19
45 years$834$491$277$151$81$16
46 years$807$468$260$140$73$14
47 years$780$447$244$129$66$12
48 years$756$427$230$119$60$11
49 years$732$407$216$110$55$9
50 years$709$389$203$102$50$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $726,000, adding $2,408 every year, while hoping to spend $40,925 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: 43/34/23 Blend
61$726,000$726,000$726,000$726,000
62$802,536$764,058$752,805$831,575
63$840,851$757,953$734,480$846,337
64$881,702$750,177$714,169$858,187
65$925,305$740,605$691,764$870,206
66$971,896$729,105$667,148$882,430
67$1,021,735$715,536$640,202$894,905
68$1,075,104$699,750$610,801$907,681
69$1,132,315$681,588$578,814$920,819
70$1,193,709$660,884$544,102$934,389
71$1,259,661$637,461$506,523$948,470
72$1,330,583$611,133$465,928$963,157
73$1,406,925$581,701$422,159$978,555
74$1,489,184$548,957$375,054$994,786
75$1,577,904$512,679$324,442$1,011,989
76$1,673,683$472,633$270,144$1,030,321
77$1,777,179$428,572$211,974$1,049,962
78$1,889,114$380,235$149,738$1,071,114
79$2,010,283$327,346$83,233$1,094,008
80$2,141,558$269,612$12,247$1,118,902
81$2,283,898$206,724$0$1,146,090
82$2,438,361$138,359$0$1,191,485
83$2,606,106$64,171$0$1,244,094
84$2,788,411$0$0$1,301,383
85$2,986,680$0$0$1,369,942
86$3,202,458$0$0$1,470,763
87$3,437,447$0$0$1,580,642
88$3,693,517$0$0$1,700,464
89$3,972,729$0$0$1,831,204
90$4,277,347$0$0$1,973,934
91$4,609,868$0$0$2,129,835
92$4,973,038$0$0$2,300,207
93$5,369,879$0$0$2,486,480
94$5,803,719$0$0$2,690,230
95$6,278,225$0$0$2,913,192
96$6,797,429$0$0$3,157,275
97$7,365,775$0$0$3,424,583
98$7,988,155$0$0$3,717,432
99$8,669,957$0$0$4,038,374
100$9,417,113$0$0$4,390,218