Can I retire at age 62 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$61,934$61,383$60,844$60,319$59,806$58,985
2 years$30,661$30,090$29,536$29,000$28,479$27,654
3 years$20,237$19,664$19,112$18,580$18,068$17,264
4 years$15,027$14,455$13,909$13,386$12,886$12,109
5 years$11,901$11,333$10,794$10,282$9,796$9,048
6 years$9,818$9,254$8,723$8,222$7,751$7,034
7 years$8,331$7,772$7,249$6,760$6,304$5,617
8 years$7,216$6,662$6,147$5,671$5,230$4,573
9 years$6,349$5,800$5,295$4,830$4,404$3,778
10 years$5,656$5,113$4,616$4,164$3,753$3,156
11 years$5,090$4,551$4,064$3,624$3,227$2,660
12 years$4,618$4,085$3,607$3,179$2,797$2,258
13 years$4,219$3,692$3,222$2,806$2,439$1,928
14 years$3,877$3,356$2,895$2,491$2,138$1,654
15 years$3,581$3,066$2,614$2,222$1,882$1,424
16 years$3,323$2,813$2,370$1,989$1,664$1,231
17 years$3,095$2,590$2,157$1,787$1,475$1,067
18 years$2,892$2,394$1,969$1,611$1,312$927
19 years$2,712$2,218$1,802$1,455$1,169$807
20 years$2,549$2,061$1,654$1,318$1,044$704
21 years$2,402$1,920$1,521$1,196$934$614
22 years$2,269$1,792$1,402$1,088$838$537
23 years$2,147$1,676$1,295$991$752$471
24 years$2,036$1,571$1,197$903$676$412
25 years$1,934$1,474$1,109$825$608$362
26 years$1,839$1,385$1,029$754$548$318
27 years$1,752$1,304$955$691$494$279
28 years$1,672$1,228$888$633$446$245
29 years$1,597$1,159$826$580$402$216
30 years$1,527$1,094$770$532$364$190
31 years$1,461$1,035$717$489$329$167
32 years$1,400$979$669$449$297$147
33 years$1,343$927$625$413$269$129
34 years$1,289$879$584$380$244$114
35 years$1,239$833$546$350$221$100
36 years$1,191$791$511$322$200$89
37 years$1,146$751$478$297$181$78
38 years$1,104$714$448$274$164$69
39 years$1,063$679$419$252$149$61
40 years$1,025$646$393$233$135$53
41 years$989$615$369$215$123$47
42 years$955$586$346$198$111$42
43 years$922$558$324$183$101$37
44 years$891$532$305$169$92$32
45 years$861$507$286$156$83$29
46 years$833$484$269$144$76$25
47 years$806$462$252$133$69$22
48 years$780$441$237$123$62$20
49 years$756$421$223$114$57$17
50 years$732$402$210$105$51$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $750,000, adding $4,523 every year, while hoping to spend $29,767 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: 52/24/24 Blend
61$750,000$750,000$750,000$750,000
62$831,165$791,415$779,790$868,617
63$884,272$798,523$774,242$902,110
64$941,799$804,981$767,509$935,103
65$1,004,164$810,727$759,522$970,381
66$1,071,828$815,692$750,206$1,008,172
67$1,145,300$819,806$739,483$1,048,730
68$1,225,136$822,992$727,271$1,092,334
69$1,311,950$825,169$713,485$1,139,296
70$1,406,418$826,251$698,036$1,189,958
71$1,509,282$826,147$680,829$1,244,699
72$1,621,359$824,758$661,767$1,303,939
73$1,743,549$821,983$640,748$1,368,143
74$1,876,843$817,712$617,665$1,437,823
75$2,022,328$811,828$592,404$1,513,548
76$2,181,206$804,208$564,851$1,595,944
77$2,354,797$794,721$534,880$1,685,705
78$2,544,554$783,230$502,366$1,783,597
79$2,752,077$769,587$467,174$1,890,468
80$2,979,129$753,637$429,165$2,007,254
81$3,227,649$735,215$388,191$2,134,989
82$3,499,776$714,146$344,102$2,274,815
83$3,797,861$690,247$296,737$2,427,995
84$4,124,495$663,322$245,931$2,595,924
85$4,482,533$633,164$191,508$2,780,142
86$4,875,116$599,554$133,289$2,982,350
87$5,305,708$562,262$71,084$3,204,426
88$5,778,119$521,042$4,694$3,448,444
89$6,296,550$475,636$0$3,716,696
90$6,865,626$425,770$0$4,028,651
91$7,490,444$371,156$0$4,372,543
92$8,176,615$311,489$0$4,750,308
93$8,930,323$246,445$0$5,165,408
94$9,758,380$175,685$0$5,621,660
95$10,668,289$98,848$0$6,123,273
96$11,668,318$15,555$0$6,674,887
97$12,767,573$0$0$7,281,622
98$13,976,088$0$0$7,968,819
99$15,304,918$0$0$8,729,030
100$16,766,242$0$0$9,565,126