Can I retire at age 62 with 754,000?

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 $754,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$62,265$61,710$61,169$60,641$60,125$58,863
2 years$30,824$30,250$29,694$29,154$28,631$27,365
3 years$20,345$19,769$19,214$18,679$18,165$16,935
4 years$15,107$14,532$13,983$13,457$12,955$11,771
5 years$11,965$11,393$10,851$10,337$9,848$8,713
6 years$9,871$9,304$8,769$8,266$7,793$6,707
7 years$8,375$7,813$7,287$6,796$6,338$5,302
8 years$7,254$6,697$6,180$5,701$5,258$4,272
9 years$6,383$5,831$5,323$4,856$4,428$3,492
10 years$5,686$5,140$4,641$4,186$3,773$2,885
11 years$5,117$4,576$4,086$3,643$3,245$2,404
12 years$4,642$4,107$3,626$3,195$2,812$2,017
13 years$4,241$3,711$3,240$2,821$2,452$1,702
14 years$3,898$3,374$2,911$2,504$2,149$1,442
15 years$3,600$3,082$2,628$2,233$1,892$1,227
16 years$3,341$2,828$2,383$2,000$1,672$1,047
17 years$3,111$2,604$2,168$1,797$1,483$896
18 years$2,908$2,406$1,979$1,619$1,319$768
19 years$2,726$2,230$1,812$1,463$1,175$660
20 years$2,563$2,072$1,663$1,325$1,050$568
21 years$2,415$1,930$1,530$1,203$939$489
22 years$2,281$1,802$1,410$1,093$842$422
23 years$2,159$1,685$1,302$996$756$364
24 years$2,047$1,579$1,204$908$679$315
25 years$1,944$1,482$1,115$829$611$272
26 years$1,849$1,393$1,034$758$551$236
27 years$1,762$1,311$960$694$496$204
28 years$1,681$1,235$893$636$448$177
29 years$1,605$1,165$831$583$405$153
30 years$1,535$1,100$774$535$366$133
31 years$1,469$1,040$721$492$330$115
32 years$1,408$984$673$452$299$100
33 years$1,350$932$628$415$271$87
34 years$1,296$883$587$382$245$75
35 years$1,245$838$549$352$222$65
36 years$1,198$795$514$324$201$57
37 years$1,152$755$481$299$182$49
38 years$1,110$718$450$275$165$43
39 years$1,069$683$422$254$150$37
40 years$1,031$649$395$234$136$32
41 years$994$618$371$216$123$28
42 years$960$589$348$199$112$24
43 years$927$561$326$184$101$21
44 years$896$535$306$170$92$18
45 years$866$510$288$157$84$16
46 years$838$486$270$145$76$14
47 years$811$464$254$134$69$12
48 years$785$443$238$124$63$10
49 years$760$423$224$114$57$9
50 years$736$404$211$106$52$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $754,000, adding $2,396 every year, while hoping to spend $32,034 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: 71/16/13 Blend
61$754,000$754,000$754,000$754,000
62$833,379$793,417$781,730$890,040
63$884,300$798,211$773,835$932,718
64$939,341$802,166$764,600$975,298
65$998,889$805,207$753,949$1,021,062
66$1,063,368$807,255$741,799$1,070,320
67$1,133,246$808,224$728,064$1,123,411
68$1,209,036$808,026$712,653$1,180,709
69$1,291,303$806,565$695,472$1,242,629
70$1,380,668$803,738$676,422$1,309,625
71$1,477,814$799,439$655,400$1,382,201
72$1,583,493$793,554$632,298$1,460,911
73$1,698,532$785,960$607,003$1,546,367
74$1,823,840$776,531$579,396$1,639,243
75$1,960,420$765,129$549,354$1,740,284
76$2,109,374$751,611$516,748$1,850,311
77$2,271,914$735,824$481,443$1,970,228
78$2,449,376$717,606$443,298$2,101,035
79$2,643,229$696,786$402,165$2,243,833
80$2,855,092$673,181$357,891$2,399,838
81$3,086,745$646,602$310,314$2,570,389
82$3,340,151$616,843$259,268$2,756,965
83$3,617,469$583,691$204,576$2,961,196
84$3,921,077$546,918$146,056$3,184,879
85$4,253,594$506,284$83,515$3,429,999
86$4,617,904$461,535$16,756$3,698,741
87$5,017,182$412,402$0$3,993,519
88$5,454,926$358,601$0$4,324,550
89$5,934,989$299,833$0$4,690,181
90$6,461,613$235,781$0$5,091,352
91$7,039,473$166,109$0$5,531,664
92$7,673,716$90,465$0$6,015,085
93$8,370,013$8,476$0$6,545,989
94$9,134,609$0$0$7,129,197
95$9,974,387$0$0$7,784,153
96$10,896,925$0$0$8,505,335
97$11,910,574$0$0$9,297,784
98$13,024,534$0$0$10,168,698
99$14,248,938$0$0$11,126,005
100$15,594,953$0$0$12,178,440