Can I retire at age 62 with 733,000?

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 $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%18.9%
1 years$60,530$59,991$59,465$58,952$58,450$56,354
2 years$29,966$29,407$28,867$28,342$27,834$25,744
3 years$19,779$19,218$18,679$18,159$17,659$15,642
4 years$14,686$14,127$13,593$13,083$12,594$10,666
5 years$11,631$11,076$10,549$10,049$9,574$7,739
6 years$9,596$9,044$8,525$8,036$7,576$5,835
7 years$8,142$7,595$7,084$6,607$6,161$4,514
8 years$7,052$6,511$6,008$5,542$5,111$3,557
9 years$6,205$5,669$5,175$4,721$4,304$2,841
10 years$5,528$4,997$4,512$4,069$3,667$2,292
11 years$4,974$4,448$3,972$3,542$3,154$1,864
12 years$4,513$3,993$3,525$3,106$2,733$1,525
13 years$4,123$3,608$3,149$2,743$2,384$1,254
14 years$3,789$3,280$2,830$2,435$2,089$1,035
15 years$3,500$2,996$2,555$2,171$1,840$858
16 years$3,247$2,749$2,316$1,944$1,626$712
17 years$3,025$2,532$2,108$1,747$1,442$593
18 years$2,827$2,339$1,924$1,574$1,282$494
19 years$2,650$2,168$1,761$1,422$1,143$413
20 years$2,491$2,015$1,617$1,288$1,021$345
21 years$2,348$1,877$1,487$1,169$913$289
22 years$2,217$1,752$1,370$1,063$819$242
23 years$2,098$1,638$1,265$968$735$202
24 years$1,990$1,535$1,170$883$660$170
25 years$1,890$1,441$1,084$806$594$142
26 years$1,798$1,354$1,005$737$535$120
27 years$1,713$1,274$933$675$483$100
28 years$1,634$1,201$868$618$436$84
29 years$1,560$1,133$808$567$393$71
30 years$1,492$1,070$752$520$355$59
31 years$1,428$1,011$701$478$321$50
32 years$1,369$957$654$439$291$42
33 years$1,313$906$611$404$263$35
34 years$1,260$859$571$372$238$30
35 years$1,211$815$534$342$216$25
36 years$1,164$773$499$315$195$21
37 years$1,120$734$467$290$177$18
38 years$1,079$698$438$268$161$15
39 years$1,039$664$410$247$146$12
40 years$1,002$631$384$228$132$10
41 years$967$601$360$210$120$9
42 years$933$572$338$194$109$7
43 years$901$545$317$179$99$6
44 years$871$520$298$165$90$5
45 years$842$496$280$153$81$4
46 years$814$473$263$141$74$4
47 years$788$451$247$130$67$3
48 years$763$431$232$120$61$3
49 years$739$411$218$111$55$2
50 years$716$393$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 $733,000, adding $2,437 every year, while hoping to spend $38,647 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: 55/32/13 Blend
61$733,000$733,000$733,000$733,000
62$810,280$771,431$760,069$851,992
63$851,808$768,111$744,411$877,266
64$896,277$763,333$726,934$900,366
65$943,946$756,985$707,535$924,622
66$995,099$748,947$686,107$950,154
67$1,050,048$739,094$662,541$977,093
68$1,109,135$727,292$636,718$1,005,586
69$1,172,737$713,400$608,518$1,035,798
70$1,241,265$697,266$577,813$1,067,911
71$1,315,175$678,732$544,470$1,102,129
72$1,394,963$657,630$508,350$1,138,678
73$1,481,177$633,782$469,308$1,177,812
74$1,574,419$606,999$427,191$1,219,812
75$1,675,349$577,082$381,842$1,264,989
76$1,784,695$543,819$333,094$1,313,691
77$1,903,256$506,988$280,775$1,366,306
78$2,031,911$466,353$224,703$1,423,262
79$2,171,625$421,664$164,691$1,485,036
80$2,323,464$372,658$100,540$1,552,157
81$2,488,595$319,056$32,046$1,625,215
82$2,668,306$260,564$0$1,704,860
83$2,864,012$196,871$0$1,797,512
84$3,077,272$127,648$0$1,903,392
85$3,309,800$52,550$0$2,018,973
86$3,563,483$0$0$2,145,277
87$3,840,399$0$0$2,293,570
88$4,142,833$0$0$2,475,801
89$4,473,303$0$0$2,674,991
90$4,834,580$0$0$2,892,818
91$5,229,715$0$0$3,131,131
92$5,662,066$0$0$3,391,963
93$6,135,334$0$0$3,677,556
94$6,653,590$0$0$3,990,378
95$7,221,321$0$0$4,333,145
96$7,843,466$0$0$4,708,851
97$8,525,465$0$0$5,120,791
98$9,273,310$0$0$5,572,595
99$10,093,601$0$0$6,068,262
100$10,993,604$0$0$6,612,196