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%17.7%
1 years$60,778$60,237$59,709$59,193$58,690$56,857
2 years$30,088$29,528$28,985$28,458$27,947$26,117
3 years$19,860$19,297$18,755$18,233$17,731$15,960
4 years$14,746$14,185$13,649$13,136$12,646$10,949
5 years$11,679$11,121$10,592$10,090$9,613$7,994
6 years$9,635$9,081$8,560$8,069$7,607$6,067
7 years$8,175$7,627$7,113$6,634$6,186$4,726
8 years$7,081$6,537$6,033$5,565$5,132$3,751
9 years$6,231$5,692$5,196$4,740$4,322$3,018
10 years$5,551$5,017$4,530$4,086$3,683$2,453
11 years$4,995$4,467$3,988$3,556$3,167$2,011
12 years$4,532$4,009$3,539$3,119$2,745$1,658
13 years$4,140$3,623$3,162$2,754$2,393$1,375
14 years$3,805$3,293$2,841$2,444$2,098$1,145
15 years$3,515$3,008$2,565$2,180$1,847$956
16 years$3,261$2,760$2,326$1,952$1,633$801
17 years$3,037$2,542$2,116$1,754$1,448$672
18 years$2,838$2,349$1,932$1,581$1,287$566
19 years$2,661$2,177$1,769$1,428$1,147$477
20 years$2,501$2,023$1,623$1,293$1,025$402
21 years$2,357$1,884$1,493$1,174$917$340
22 years$2,226$1,759$1,376$1,067$822$287
23 years$2,107$1,645$1,271$972$738$243
24 years$1,998$1,541$1,175$887$663$206
25 years$1,898$1,446$1,088$810$597$174
26 years$1,805$1,359$1,009$740$538$148
27 years$1,720$1,279$937$678$485$125
28 years$1,640$1,206$871$621$437$106
29 years$1,567$1,137$811$569$395$90
30 years$1,498$1,074$755$523$357$76
31 years$1,434$1,015$704$480$323$65
32 years$1,374$961$657$441$292$55
33 years$1,318$910$613$406$264$47
34 years$1,265$862$573$373$239$40
35 years$1,216$818$536$344$217$34
36 years$1,169$776$501$316$196$29
37 years$1,125$737$469$291$178$24
38 years$1,083$701$439$269$161$21
39 years$1,044$666$412$248$146$18
40 years$1,006$634$386$228$133$15
41 years$971$603$362$211$120$13
42 years$937$575$339$195$109$11
43 years$905$548$318$180$99$9
44 years$874$522$299$166$90$8
45 years$845$498$281$153$82$7
46 years$818$475$264$141$74$6
47 years$791$453$248$131$67$5
48 years$766$433$233$121$61$4
49 years$742$413$219$112$56$3
50 years$719$395$206$103$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $736,000, adding $5,205 every year, while hoping to spend $45,265 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: 57/20/23 Blend
61$736,000$736,000$736,000$736,000
62$816,441$777,433$766,025$857,626
63$851,556$767,366$743,525$876,273
64$888,736$755,288$718,755$891,320
65$928,144$741,053$691,589$906,748
66$969,957$724,507$661,900$922,606
67$1,014,370$705,485$629,551$938,949
68$1,061,595$683,814$594,400$955,841
69$1,111,866$659,309$556,301$973,354
70$1,165,437$631,776$515,098$991,572
71$1,222,588$601,009$470,630$1,010,588
72$1,283,623$566,790$422,727$1,030,508
73$1,348,879$528,888$371,215$1,051,453
74$1,418,722$487,061$315,908$1,073,558
75$1,493,555$441,051$256,614$1,096,978
76$1,573,820$390,584$193,133$1,121,885
77$1,660,001$335,375$125,254$1,148,472
78$1,752,631$275,118$52,760$1,176,960
79$1,852,293$209,493$0$1,207,593
80$1,959,630$138,161$0$1,246,684
81$2,075,344$60,762$0$1,302,714
82$2,200,210$0$0$1,363,128
83$2,335,077$0$0$1,433,454
84$2,480,880$0$0$1,523,989
85$2,638,644$0$0$1,622,005
86$2,809,500$0$0$1,728,210
87$2,994,686$0$0$1,843,382
88$3,195,568$0$0$1,968,377
89$3,413,646$0$0$2,104,135
90$3,650,570$0$0$2,251,693
91$3,908,156$0$0$2,412,189
92$4,188,399$0$0$2,586,877
93$4,493,498$0$0$2,777,135
94$4,825,871$0$0$2,984,481
95$5,188,178$0$0$3,210,585
96$5,583,347$0$0$3,457,285
97$6,014,601$0$0$3,726,603
98$6,485,489$0$0$4,020,767
99$6,999,916$0$0$4,342,229
100$7,562,180$0$0$4,693,687