Can I retire at age 62 with 736,000?

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 $736,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$60,778$60,237$59,709$59,193$58,690$56,450
2 years$30,088$29,528$28,985$28,458$27,947$25,718
3 years$19,860$19,297$18,755$18,233$17,731$15,581
4 years$14,746$14,185$13,649$13,136$12,646$10,592
5 years$11,679$11,121$10,592$10,090$9,613$7,661
6 years$9,635$9,081$8,560$8,069$7,607$5,757
7 years$8,175$7,627$7,113$6,634$6,186$4,439
8 years$7,081$6,537$6,033$5,565$5,132$3,485
9 years$6,231$5,692$5,196$4,740$4,322$2,773
10 years$5,551$5,017$4,530$4,086$3,683$2,229
11 years$4,995$4,467$3,988$3,556$3,167$1,806
12 years$4,532$4,009$3,539$3,119$2,745$1,472
13 years$4,140$3,623$3,162$2,754$2,393$1,205
14 years$3,805$3,293$2,841$2,444$2,098$991
15 years$3,515$3,008$2,565$2,180$1,847$817
16 years$3,261$2,760$2,326$1,952$1,633$676
17 years$3,037$2,542$2,116$1,754$1,448$560
18 years$2,838$2,349$1,932$1,581$1,287$465
19 years$2,661$2,177$1,769$1,428$1,147$386
20 years$2,501$2,023$1,623$1,293$1,025$321
21 years$2,357$1,884$1,493$1,174$917$268
22 years$2,226$1,759$1,376$1,067$822$223
23 years$2,107$1,645$1,271$972$738$186
24 years$1,998$1,541$1,175$887$663$155
25 years$1,898$1,446$1,088$810$597$130
26 years$1,805$1,359$1,009$740$538$108
27 years$1,720$1,279$937$678$485$90
28 years$1,640$1,206$871$621$437$76
29 years$1,567$1,137$811$569$395$63
30 years$1,498$1,074$755$523$357$53
31 years$1,434$1,015$704$480$323$44
32 years$1,374$961$657$441$292$37
33 years$1,318$910$613$406$264$31
34 years$1,265$862$573$373$239$26
35 years$1,216$818$536$344$217$22
36 years$1,169$776$501$316$196$18
37 years$1,125$737$469$291$178$15
38 years$1,083$701$439$269$161$13
39 years$1,044$666$412$248$146$11
40 years$1,006$634$386$228$133$9
41 years$971$603$362$211$120$7
42 years$937$575$339$195$109$6
43 years$905$548$318$180$99$5
44 years$874$522$299$166$90$4
45 years$845$498$281$153$82$4
46 years$818$475$264$141$74$3
47 years$791$453$248$131$67$3
48 years$766$433$233$121$61$2
49 years$742$413$219$112$56$2
50 years$719$395$206$103$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $736,000, adding $6,450 every year, while hoping to spend $38,609 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: 63/18/19 Blend
61$736,000$736,000$736,000$736,000
62$817,725$778,717$767,309$864,895
63$860,053$775,795$751,934$894,503
64$905,405$771,435$734,750$921,895
65$954,048$765,527$715,656$950,906
66$1,006,276$757,952$694,545$981,700
67$1,062,410$748,586$671,307$1,014,453
68$1,122,806$737,297$645,826$1,049,364
69$1,187,851$723,943$617,979$1,086,653
70$1,257,971$708,376$587,641$1,126,562
71$1,333,636$690,439$554,680$1,169,361
72$1,415,361$669,964$518,955$1,215,350
73$1,503,711$646,775$480,323$1,264,859
74$1,599,308$620,686$438,632$1,318,256
75$1,702,836$591,498$393,725$1,375,946
76$1,815,046$559,002$345,436$1,438,380
77$1,936,765$522,977$293,592$1,506,057
78$2,068,902$483,190$238,014$1,579,526
79$2,212,456$439,393$178,514$1,659,400
80$2,368,528$391,324$114,895$1,746,355
81$2,538,326$338,707$46,953$1,841,136
82$2,723,182$281,251$0$1,944,573
83$2,924,561$218,646$0$2,062,760
84$3,144,075$150,568$0$2,202,023
85$3,383,497$76,672$0$2,354,001
86$3,644,779$0$0$2,519,980
87$3,930,072$0$0$2,702,053
88$4,241,741$0$0$2,917,600
89$4,582,390$0$0$3,153,240
90$4,954,888$0$0$3,410,964
91$5,362,390$0$0$3,692,962
92$5,808,374$0$0$4,001,648
93$6,296,668$0$0$4,339,678
94$6,831,486$0$0$4,709,978
95$7,417,471$0$0$5,115,770
96$8,059,736$0$0$5,560,601
97$8,763,911$0$0$6,048,380
98$9,536,197$0$0$6,583,412
99$10,383,425$0$0$7,170,437
100$11,313,118$0$0$7,814,678