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%12.3%
1 years$59,952$59,418$58,897$58,389$57,892$57,335
2 years$29,679$29,127$28,591$28,072$27,568$27,007
3 years$19,590$19,035$18,500$17,986$17,490$16,942
4 years$14,546$13,992$13,463$12,958$12,474$11,944
5 years$11,520$10,970$10,448$9,953$9,483$8,972
6 years$9,504$8,958$8,444$7,959$7,503$7,012
7 years$8,064$7,523$7,017$6,544$6,102$5,631
8 years$6,985$6,449$5,951$5,489$5,062$4,611
9 years$6,146$5,615$5,125$4,676$4,263$3,831
10 years$5,475$4,949$4,468$4,031$3,632$3,220
11 years$4,927$4,406$3,934$3,508$3,124$2,731
12 years$4,470$3,954$3,491$3,077$2,707$2,333
13 years$4,084$3,574$3,119$2,716$2,361$2,005
14 years$3,753$3,248$2,803$2,411$2,069$1,731
15 years$3,467$2,967$2,530$2,150$1,822$1,501
16 years$3,216$2,723$2,294$1,925$1,610$1,306
17 years$2,996$2,507$2,088$1,730$1,428$1,140
18 years$2,800$2,317$1,906$1,559$1,270$998
19 years$2,625$2,147$1,745$1,409$1,132$875
20 years$2,467$1,995$1,601$1,276$1,011$769
21 years$2,325$1,859$1,473$1,158$905$676
22 years$2,196$1,735$1,357$1,053$811$596
23 years$2,078$1,623$1,253$959$728$526
24 years$1,971$1,520$1,159$875$654$464
25 years$1,872$1,427$1,074$799$589$411
26 years$1,781$1,341$996$730$530$363
27 years$1,696$1,262$925$668$478$322
28 years$1,618$1,189$859$612$431$285
29 years$1,545$1,122$800$562$390$253
30 years$1,478$1,059$745$515$352$224
31 years$1,415$1,002$695$473$318$199
32 years$1,356$948$648$435$288$177
33 years$1,300$897$605$400$260$157
34 years$1,248$851$565$368$236$139
35 years$1,199$807$529$339$214$124
36 years$1,153$766$494$312$194$110
37 years$1,110$727$463$288$175$98
38 years$1,068$691$433$265$159$87
39 years$1,029$657$406$244$144$77
40 years$993$625$381$225$131$69
41 years$958$595$357$208$119$61
42 years$924$567$335$192$108$54
43 years$893$540$314$177$98$48
44 years$863$515$295$164$89$43
45 years$834$491$277$151$81$38
46 years$807$468$260$140$73$34
47 years$780$447$244$129$66$30
48 years$756$427$230$119$60$27
49 years$732$407$216$110$55$24
50 years$709$389$203$102$50$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $726,000, adding $3,515 every year, while hoping to spend $30,837 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: 36/48/16 Blend
61$726,000$726,000$726,000$726,000
62$803,678$765,200$753,947$828,563
63$852,843$769,884$746,394$851,568
64$905,989$773,765$737,554$873,212
65$963,490$776,769$727,352$895,919
66$1,025,756$778,821$715,709$919,802
67$1,093,239$779,840$702,541$944,983
68$1,166,435$779,738$687,762$971,604
69$1,245,891$778,424$671,282$999,818
70$1,332,206$775,801$653,004$1,029,799
71$1,426,041$771,766$632,829$1,061,742
72$1,528,123$766,208$610,655$1,095,861
73$1,639,251$759,011$586,371$1,132,398
74$1,760,305$750,053$559,864$1,171,621
75$1,892,252$739,201$531,016$1,213,829
76$2,036,158$726,319$499,702$1,259,353
77$2,193,196$711,259$465,792$1,308,564
78$2,364,657$693,865$429,150$1,361,873
79$2,551,961$673,973$389,636$1,419,738
80$2,756,672$651,409$347,100$1,482,667
81$2,980,513$625,988$301,388$1,551,225
82$3,225,379$597,515$252,338$1,626,040
83$3,493,358$565,784$199,782$1,707,807
84$3,786,750$530,577$143,544$1,797,300
85$4,108,085$491,662$83,439$1,895,377
86$4,460,152$448,795$19,276$2,002,989
87$4,846,020$401,719$0$2,121,191
88$5,269,071$350,160$0$2,259,551
89$5,733,029$293,831$0$2,415,026
90$6,241,996$232,427$0$2,585,794
91$6,800,490$165,626$0$2,773,486
92$7,413,488$93,089$0$2,979,905
93$8,086,470$14,457$0$3,207,045
94$8,825,476$0$0$3,457,110
95$9,637,158$0$0$3,769,853
96$10,528,843$0$0$4,121,920
97$11,508,604$0$0$4,508,876
98$12,585,333$0$0$4,934,246
99$13,768,829$0$0$5,401,916
100$15,069,885$0$0$5,916,167