Can I retire at age 62 with 735,000?

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 $735,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$60,696$60,155$59,627$59,113$58,610$57,544
2 years$30,047$29,488$28,945$28,420$27,909$26,840
3 years$19,833$19,271$18,730$18,209$17,707$16,666
4 years$14,726$14,166$13,630$13,118$12,629$11,625
5 years$11,663$11,106$10,578$10,076$9,600$8,637
6 years$9,622$9,069$8,548$8,058$7,596$6,674
7 years$8,164$7,616$7,104$6,625$6,178$5,297
8 years$7,072$6,528$6,025$5,557$5,125$4,285
9 years$6,222$5,684$5,189$4,734$4,316$3,517
10 years$5,543$5,010$4,524$4,081$3,678$2,918
11 years$4,988$4,460$3,983$3,551$3,163$2,443
12 years$4,525$4,003$3,535$3,115$2,741$2,059
13 years$4,134$3,618$3,158$2,750$2,390$1,745
14 years$3,800$3,289$2,837$2,441$2,095$1,486
15 years$3,510$3,004$2,562$2,177$1,845$1,270
16 years$3,256$2,756$2,323$1,949$1,630$1,089
17 years$3,033$2,538$2,113$1,751$1,446$937
18 years$2,835$2,346$1,929$1,578$1,285$807
19 years$2,657$2,174$1,766$1,426$1,146$697
20 years$2,498$2,020$1,621$1,292$1,023$603
21 years$2,354$1,882$1,491$1,172$916$522
22 years$2,223$1,756$1,374$1,066$821$453
23 years$2,104$1,643$1,269$971$737$393
24 years$1,995$1,539$1,173$885$662$342
25 years$1,895$1,444$1,087$809$596$297
26 years$1,803$1,358$1,008$739$537$259
27 years$1,717$1,278$936$677$484$225
28 years$1,638$1,204$870$620$437$196
29 years$1,565$1,136$810$569$394$171
30 years$1,496$1,073$754$522$356$149
31 years$1,432$1,014$703$479$322$130
32 years$1,372$959$656$440$291$113
33 years$1,316$909$613$405$264$99
34 years$1,264$861$572$373$239$86
35 years$1,214$817$535$343$216$75
36 years$1,167$775$501$316$196$66
37 years$1,123$736$469$291$178$57
38 years$1,082$700$439$268$161$50
39 years$1,042$665$411$247$146$44
40 years$1,005$633$385$228$132$38
41 years$969$603$361$211$120$33
42 years$936$574$339$194$109$29
43 years$904$547$318$179$99$26
44 years$873$521$298$166$90$22
45 years$844$497$280$153$82$20
46 years$817$474$263$141$74$17
47 years$790$452$247$131$67$15
48 years$765$432$232$121$61$13
49 years$741$412$218$111$55$11
50 years$718$394$205$103$50$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $735,000, adding $6,191 every year, while hoping to spend $45,734 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: 37/41/22 Blend
61$735,000$735,000$735,000$735,000
62$816,356$777,401$766,009$840,964
63$850,964$766,833$743,009$848,890
64$887,569$754,214$717,707$852,735
65$926,326$739,396$689,975$855,963
66$967,406$722,221$659,684$858,545
67$1,010,994$702,523$626,696$860,454
68$1,057,292$680,123$590,867$861,665
69$1,106,523$654,836$552,048$862,153
70$1,158,929$626,464$510,083$861,897
71$1,214,776$594,797$464,807$860,878
72$1,274,355$559,614$416,050$859,081
73$1,337,985$520,681$363,633$856,495
74$1,406,015$477,750$307,370$853,113
75$1,478,828$430,559$247,066$848,935
76$1,556,844$378,832$182,518$843,967
77$1,640,523$322,276$113,514$838,222
78$1,730,372$260,583$39,832$831,725
79$1,826,944$193,426$0$824,507
80$1,930,849$120,460$0$825,724
81$2,042,756$41,323$0$836,895
82$2,163,398$0$0$848,795
83$2,293,583$0$0$881,597
84$2,434,196$0$0$937,242
85$2,586,212$0$0$997,484
86$2,750,701$0$0$1,062,757
87$2,928,839$0$0$1,133,538
88$3,121,922$0$0$1,210,354
89$3,331,370$0$0$1,293,784
90$3,558,749$0$0$1,384,462
91$3,805,779$0$0$1,483,089
92$4,074,353$0$0$1,590,434
93$4,366,555$0$0$1,707,344
94$4,684,674$0$0$1,834,752
95$5,031,232$0$0$1,973,684
96$5,409,004$0$0$2,125,267
97$5,821,044$0$0$2,290,746
98$6,270,711$0$0$2,471,488
99$6,761,706$0$0$2,668,998
100$7,298,101$0$0$2,884,935