Can I retire at age 62 with 737,000?

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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$60,861$60,319$59,790$59,274$58,769$58,228
2 years$30,129$29,568$29,024$28,497$27,985$27,440
3 years$19,887$19,323$18,781$18,258$17,755$17,223
4 years$14,766$14,204$13,667$13,154$12,663$12,148
5 years$11,695$11,136$10,606$10,104$9,626$9,129
6 years$9,648$9,094$8,572$8,080$7,617$7,139
7 years$8,187$7,637$7,123$6,643$6,195$5,736
8 years$7,091$6,546$6,041$5,573$5,139$4,700
9 years$6,239$5,700$5,203$4,747$4,328$3,908
10 years$5,558$5,024$4,536$4,092$3,688$3,286
11 years$5,001$4,473$3,994$3,561$3,171$2,789
12 years$4,538$4,014$3,544$3,123$2,748$2,384
13 years$4,146$3,628$3,166$2,758$2,397$2,050
14 years$3,810$3,298$2,845$2,448$2,101$1,771
15 years$3,519$3,012$2,569$2,183$1,850$1,537
16 years$3,265$2,764$2,329$1,955$1,635$1,338
17 years$3,041$2,545$2,119$1,756$1,449$1,169
18 years$2,842$2,352$1,935$1,583$1,289$1,023
19 years$2,665$2,180$1,771$1,430$1,149$898
20 years$2,505$2,026$1,625$1,295$1,026$790
21 years$2,360$1,887$1,495$1,176$918$695
22 years$2,229$1,761$1,378$1,069$823$613
23 years$2,110$1,647$1,272$973$739$541
24 years$2,001$1,543$1,177$888$664$479
25 years$1,900$1,448$1,090$811$598$423
26 years$1,808$1,361$1,011$741$538$375
27 years$1,722$1,281$939$679$485$332
28 years$1,643$1,207$872$622$438$295
29 years$1,569$1,139$812$570$395$261
30 years$1,500$1,075$756$523$357$232
31 years$1,436$1,017$705$481$323$206
32 years$1,376$962$658$442$292$183
33 years$1,320$911$614$406$264$163
34 years$1,267$863$574$374$239$145
35 years$1,217$819$537$344$217$129
36 years$1,171$777$502$317$196$114
37 years$1,126$738$470$292$178$102
38 years$1,085$702$440$269$161$91
39 years$1,045$667$412$248$146$81
40 years$1,008$635$386$229$133$72
41 years$972$604$362$211$120$64
42 years$938$575$340$195$109$57
43 years$906$548$319$180$99$51
44 years$876$523$299$166$90$45
45 years$847$498$281$153$82$40
46 years$819$475$264$142$74$36
47 years$792$454$248$131$67$32
48 years$767$433$233$121$61$28
49 years$743$414$219$112$56$25
50 years$720$395$206$103$50$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $737,000, adding $4,655 every year, while hoping to spend $23,511 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: 62/25/13 Blend
61$737,000$737,000$737,000$737,000
62$816,976$777,915$766,491$864,797
63$875,292$791,017$767,153$910,547
64$938,768$803,973$767,049$957,363
65$1,007,906$816,752$766,129$1,007,893
66$1,083,258$829,318$764,340$1,062,498
67$1,165,430$841,635$761,625$1,121,577
68$1,255,092$853,663$757,928$1,185,566
69$1,352,980$865,361$753,187$1,254,951
70$1,459,903$876,683$747,338$1,330,264
71$1,576,753$887,580$740,314$1,412,093
72$1,704,512$898,002$732,044$1,501,086
73$1,844,261$907,892$722,456$1,597,957
74$1,997,189$917,193$711,472$1,703,493
75$2,164,608$925,841$699,012$1,818,562
76$2,347,961$933,769$684,991$1,944,123
77$2,548,836$940,907$669,322$2,081,229
78$2,768,983$947,178$651,910$2,231,045
79$3,010,331$952,501$632,661$2,394,854
80$3,275,003$956,791$611,473$2,574,070
81$3,565,335$959,957$588,240$2,770,252
82$3,883,905$961,900$562,851$2,985,120
83$4,233,548$962,518$535,191$3,220,569
84$4,617,390$961,701$505,140$3,478,690
85$5,038,872$959,332$472,570$3,761,788
86$5,501,786$955,289$437,351$4,072,401
87$6,010,309$949,439$399,343$4,413,333
88$6,569,043$941,644$358,404$4,787,670
89$7,183,057$931,756$314,382$5,198,817
90$7,857,935$919,619$267,120$5,650,529
91$8,599,831$905,066$216,454$6,146,944
92$9,415,522$887,923$162,214$6,692,623
93$10,312,476$868,002$104,219$7,292,597
94$11,298,922$845,107$42,284$7,952,410
95$12,383,924$819,030$0$8,678,176
96$13,577,471$789,549$0$9,479,936
97$14,890,567$756,430$0$10,368,290
98$16,335,336$719,427$0$11,345,587
99$17,925,139$678,277$0$12,420,885
100$19,674,695$632,705$0$13,604,169