Can I retire at age 62 with 732,000?

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 $732,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$60,448$59,909$59,384$58,871$58,371$56,434
2 years$29,925$29,367$28,827$28,304$27,796$25,864
3 years$19,752$19,192$18,653$18,134$17,635$15,768
4 years$14,666$14,108$13,575$13,065$12,577$10,789
5 years$11,616$11,061$10,535$10,035$9,561$7,857
6 years$9,583$9,032$8,513$8,025$7,565$5,947
7 years$8,131$7,585$7,075$6,598$6,153$4,619
8 years$7,043$6,502$6,000$5,535$5,104$3,655
9 years$6,197$5,661$5,168$4,714$4,298$2,932
10 years$5,520$4,990$4,505$4,064$3,662$2,376
11 years$4,967$4,442$3,966$3,537$3,150$1,941
12 years$4,507$3,987$3,520$3,102$2,730$1,596
13 years$4,118$3,603$3,145$2,739$2,380$1,318
14 years$3,784$3,275$2,826$2,431$2,087$1,094
15 years$3,495$2,992$2,551$2,168$1,837$910
16 years$3,243$2,745$2,313$1,941$1,624$760
17 years$3,021$2,528$2,105$1,744$1,440$636
18 years$2,823$2,336$1,921$1,572$1,280$533
19 years$2,647$2,165$1,759$1,420$1,141$447
20 years$2,488$2,012$1,614$1,286$1,019$376
21 years$2,344$1,874$1,485$1,168$912$316
22 years$2,214$1,749$1,369$1,062$817$266
23 years$2,096$1,636$1,264$967$734$224
24 years$1,987$1,533$1,169$882$660$189
25 years$1,887$1,439$1,082$805$594$160
26 years$1,795$1,352$1,004$736$535$135
27 years$1,710$1,272$932$674$482$114
28 years$1,631$1,199$867$617$435$96
29 years$1,558$1,131$806$566$393$81
30 years$1,490$1,068$751$520$355$69
31 years$1,426$1,010$700$477$321$58
32 years$1,367$955$653$439$290$49
33 years$1,311$905$610$403$263$41
34 years$1,258$858$570$371$238$35
35 years$1,209$813$533$342$215$30
36 years$1,163$772$499$315$195$25
37 years$1,119$733$467$290$177$21
38 years$1,077$697$437$267$160$18
39 years$1,038$663$409$246$145$15
40 years$1,001$630$384$227$132$13
41 years$965$600$360$210$120$11
42 years$932$572$338$194$109$9
43 years$900$545$317$179$99$8
44 years$870$519$297$165$89$7
45 years$841$495$279$152$81$6
46 years$813$472$262$141$74$5
47 years$787$451$246$130$67$4
48 years$762$430$231$120$61$3
49 years$738$411$218$111$55$3
50 years$715$392$205$103$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $732,000, adding $5,627 every year, while hoping to spend $20,682 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: 54/41/5 Blend
61$732,000$732,000$732,000$732,000
62$812,468$773,672$762,326$855,179
63$873,335$789,577$765,859$900,560
64$939,716$805,567$768,816$947,145
65$1,012,153$821,626$771,158$997,334
66$1,091,242$837,735$772,841$1,051,470
67$1,177,636$853,872$773,819$1,109,931
68$1,272,059$870,015$774,045$1,173,135
69$1,375,303$886,140$773,469$1,241,541
70$1,488,242$902,219$772,040$1,315,655
71$1,611,841$918,226$769,701$1,396,035
72$1,747,158$934,128$766,395$1,483,297
73$1,895,361$949,893$762,062$1,578,116
74$2,057,735$965,486$756,639$1,681,241
75$2,235,697$980,867$750,059$1,793,493
76$2,430,805$995,997$742,253$1,915,779
77$2,644,777$1,010,830$733,148$2,049,098
78$2,879,504$1,025,321$722,668$2,194,552
79$3,137,069$1,039,417$710,733$2,353,355
80$3,419,767$1,053,066$697,260$2,526,844
81$3,730,126$1,066,209$682,161$2,716,495
82$4,070,931$1,078,785$665,345$2,923,934
83$4,445,248$1,090,727$646,716$3,150,952
84$4,856,456$1,101,966$626,174$3,399,525
85$5,308,278$1,112,425$603,614$3,671,830
86$5,804,814$1,122,026$578,927$3,970,268
87$6,350,583$1,130,683$551,999$4,297,484
88$6,950,560$1,138,305$522,709$4,656,396
89$7,610,231$1,144,795$490,933$5,050,217
90$8,335,635$1,150,050$456,540$5,482,493
91$9,133,429$1,153,962$419,393$5,957,130
92$10,010,946$1,156,413$379,350$6,478,435
93$10,976,266$1,157,281$336,261$7,051,155
94$12,038,290$1,156,434$289,972$7,680,523
95$13,206,829$1,153,732$240,319$8,372,309
96$14,492,688$1,149,027$187,132$9,132,870
97$15,907,776$1,142,163$130,235$9,969,216
98$17,465,213$1,132,973$69,442$10,889,075
99$19,179,457$1,121,281$4,560$11,900,963
100$21,066,436$1,106,898$0$13,014,269