Can I retire at age 62 with 733,000?

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 $733,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$60,530$59,991$59,465$58,952$58,450$57,840
2 years$29,966$29,407$28,867$28,342$27,834$27,219
3 years$19,779$19,218$18,679$18,159$17,659$17,059
4 years$14,686$14,127$13,593$13,083$12,594$12,014
5 years$11,631$11,076$10,549$10,049$9,574$9,015
6 years$9,596$9,044$8,525$8,036$7,576$7,038
7 years$8,142$7,595$7,084$6,607$6,161$5,645
8 years$7,052$6,511$6,008$5,542$5,111$4,617
9 years$6,205$5,669$5,175$4,721$4,304$3,832
10 years$5,528$4,997$4,512$4,069$3,667$3,217
11 years$4,974$4,448$3,972$3,542$3,154$2,725
12 years$4,513$3,993$3,525$3,106$2,733$2,325
13 years$4,123$3,608$3,149$2,743$2,384$1,995
14 years$3,789$3,280$2,830$2,435$2,089$1,721
15 years$3,500$2,996$2,555$2,171$1,840$1,490
16 years$3,247$2,749$2,316$1,944$1,626$1,295
17 years$3,025$2,532$2,108$1,747$1,442$1,129
18 years$2,827$2,339$1,924$1,574$1,282$986
19 years$2,650$2,168$1,761$1,422$1,143$863
20 years$2,491$2,015$1,617$1,288$1,021$757
21 years$2,348$1,877$1,487$1,169$913$666
22 years$2,217$1,752$1,370$1,063$819$586
23 years$2,098$1,638$1,265$968$735$516
24 years$1,990$1,535$1,170$883$660$455
25 years$1,890$1,441$1,084$806$594$402
26 years$1,798$1,354$1,005$737$535$355
27 years$1,713$1,274$933$675$483$314
28 years$1,634$1,201$868$618$436$277
29 years$1,560$1,133$808$567$393$246
30 years$1,492$1,070$752$520$355$217
31 years$1,428$1,011$701$478$321$193
32 years$1,369$957$654$439$291$171
33 years$1,313$906$611$404$263$151
34 years$1,260$859$571$372$238$134
35 years$1,211$815$534$342$216$119
36 years$1,164$773$499$315$195$106
37 years$1,120$734$467$290$177$94
38 years$1,079$698$438$268$161$83
39 years$1,039$664$410$247$146$74
40 years$1,002$631$384$228$132$66
41 years$967$601$360$210$120$58
42 years$933$572$338$194$109$52
43 years$901$545$317$179$99$46
44 years$871$520$298$165$90$41
45 years$842$496$280$153$81$36
46 years$814$473$263$141$74$32
47 years$788$451$247$130$67$29
48 years$763$431$232$120$61$25
49 years$739$411$218$111$55$23
50 years$716$393$205$103$50$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $733,000, adding $4,377 every year, while hoping to spend $29,965 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: 75/15/10 Blend
61$733,000$733,000$733,000$733,000
62$812,281$773,432$762,070$871,416
63$863,251$779,448$755,717$917,007
64$918,416$784,754$748,147$962,740
65$978,171$789,284$739,287$1,012,016
66$1,042,954$792,967$729,062$1,065,174
67$1,113,241$795,729$717,392$1,122,592
68$1,189,561$797,489$704,194$1,184,682
69$1,272,493$798,163$689,381$1,251,903
70$1,362,675$797,660$672,863$1,324,757
71$1,460,807$795,885$654,543$1,403,799
72$1,567,661$792,735$634,322$1,489,641
73$1,684,087$788,104$612,096$1,582,957
74$1,811,019$781,876$587,756$1,684,490
75$1,949,485$773,930$561,189$1,795,060
76$2,100,618$764,138$532,274$1,915,569
77$2,265,663$752,363$500,887$2,047,013
78$2,445,993$738,460$466,899$2,190,491
79$2,643,117$722,278$430,172$2,347,211
80$2,858,698$703,652$390,566$2,518,509
81$3,094,566$682,413$347,932$2,705,854
82$3,352,739$658,378$302,114$2,910,869
83$3,635,434$631,354$252,951$3,135,342
84$3,945,097$601,139$200,273$3,381,242
85$4,284,419$567,517$143,905$3,650,744
86$4,656,365$530,261$83,661$3,946,242
87$5,064,200$489,129$19,349$4,270,378
88$5,511,520$443,868$0$4,626,063
89$6,002,286$394,209$0$5,021,765
90$6,540,861$339,867$0$5,458,310
91$7,132,050$280,542$0$5,937,556
92$7,781,148$215,916$0$6,463,827
93$8,493,984$145,656$0$7,041,891
94$9,276,983$69,406$0$7,677,001
95$10,137,222$0$0$8,374,946
96$11,082,495$0$0$9,144,289
97$12,121,391$0$0$10,002,452
98$13,263,373$0$0$10,945,799
99$14,518,862$0$0$11,982,945
100$15,899,344$0$0$13,123,381