Can I retire at age 62 with 726,000?

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 $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%15.4%
1 years$59,952$59,418$58,897$58,389$57,892$56,608
2 years$29,679$29,127$28,591$28,072$27,568$26,280
3 years$19,590$19,035$18,500$17,986$17,490$16,240
4 years$14,546$13,992$13,463$12,958$12,474$11,271
5 years$11,520$10,970$10,448$9,953$9,483$8,330
6 years$9,504$8,958$8,444$7,959$7,503$6,402
7 years$8,064$7,523$7,017$6,544$6,102$5,052
8 years$6,985$6,449$5,951$5,489$5,062$4,064
9 years$6,146$5,615$5,125$4,676$4,263$3,315
10 years$5,475$4,949$4,468$4,031$3,632$2,734
11 years$4,927$4,406$3,934$3,508$3,124$2,274
12 years$4,470$3,954$3,491$3,077$2,707$1,904
13 years$4,084$3,574$3,119$2,716$2,361$1,603
14 years$3,753$3,248$2,803$2,411$2,069$1,356
15 years$3,467$2,967$2,530$2,150$1,822$1,151
16 years$3,216$2,723$2,294$1,925$1,610$980
17 years$2,996$2,507$2,088$1,730$1,428$837
18 years$2,800$2,317$1,906$1,559$1,270$716
19 years$2,625$2,147$1,745$1,409$1,132$614
20 years$2,467$1,995$1,601$1,276$1,011$527
21 years$2,325$1,859$1,473$1,158$905$453
22 years$2,196$1,735$1,357$1,053$811$390
23 years$2,078$1,623$1,253$959$728$336
24 years$1,971$1,520$1,159$875$654$289
25 years$1,872$1,427$1,074$799$589$250
26 years$1,781$1,341$996$730$530$216
27 years$1,696$1,262$925$668$478$186
28 years$1,618$1,189$859$612$431$161
29 years$1,545$1,122$800$562$390$139
30 years$1,478$1,059$745$515$352$120
31 years$1,415$1,002$695$473$318$104
32 years$1,356$948$648$435$288$90
33 years$1,300$897$605$400$260$78
34 years$1,248$851$565$368$236$67
35 years$1,199$807$529$339$214$58
36 years$1,153$766$494$312$194$51
37 years$1,110$727$463$288$175$44
38 years$1,068$691$433$265$159$38
39 years$1,029$657$406$244$144$33
40 years$993$625$381$225$131$28
41 years$958$595$357$208$119$25
42 years$924$567$335$192$108$21
43 years$893$540$314$177$98$18
44 years$863$515$295$164$89$16
45 years$834$491$277$151$81$14
46 years$807$468$260$140$73$12
47 years$780$447$244$129$66$10
48 years$756$427$230$119$60$9
49 years$732$407$216$110$55$8
50 years$709$389$203$102$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $726,000, adding $4,527 every year, while hoping to spend $24,348 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: 69/16/15 Blend
61$726,000$726,000$726,000$726,000
62$804,722$766,244$754,991$857,154
63$860,897$777,883$754,377$904,273
64$921,987$789,278$752,926$952,479
65$988,465$800,388$750,585$1,004,600
66$1,060,857$811,175$747,298$1,061,018
67$1,139,736$821,595$743,005$1,122,155
68$1,225,738$831,602$737,644$1,188,474
69$1,319,558$841,146$731,150$1,260,488
70$1,421,966$850,174$723,456$1,338,761
71$1,533,805$858,632$714,491$1,423,915
72$1,656,006$866,457$704,179$1,516,636
73$1,789,593$873,588$692,443$1,617,680
74$1,935,693$879,955$679,201$1,727,880
75$2,095,547$885,486$664,368$1,848,154
76$2,270,522$890,104$647,854$1,979,515
77$2,462,123$893,728$629,565$2,123,080
78$2,672,008$896,269$609,404$2,280,078
79$2,902,002$897,635$587,268$2,451,867
80$3,154,115$897,728$563,050$2,639,941
81$3,430,561$896,443$536,638$2,845,950
82$3,733,778$893,668$507,916$3,071,711
83$4,066,452$889,287$476,760$3,319,227
84$4,431,542$883,173$443,043$3,590,707
85$4,832,306$875,195$406,631$3,888,586
86$5,272,333$865,212$367,385$4,215,548
87$5,755,577$853,074$325,159$4,574,553
88$6,286,395$838,623$279,800$4,968,862
89$6,869,584$821,692$231,150$5,402,071
90$7,510,430$802,104$179,043$5,878,145
91$8,214,758$779,671$123,305$6,401,452
92$8,988,982$754,194$63,754$6,976,811
93$9,840,172$725,462$203$7,609,531
94$10,776,113$693,254$0$8,305,466
95$11,805,386$657,333$0$9,081,890
96$12,937,444$617,451$0$9,935,832
97$14,182,700$573,343$0$10,875,134
98$15,552,630$524,732$0$11,908,474
99$17,059,877$471,322$0$13,045,417
100$18,718,371$412,803$0$14,296,502