Can I retire at age 62 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$62,925$62,365$61,818$61,284$60,763$60,103
2 years$31,151$30,571$30,009$29,464$28,935$28,271
3 years$20,561$19,978$19,418$18,878$18,357$17,709
4 years$15,267$14,686$14,131$13,600$13,093$12,466
5 years$12,092$11,514$10,966$10,446$9,953$9,349
6 years$9,975$9,402$8,862$8,354$7,875$7,295
7 years$8,464$7,896$7,365$6,868$6,405$5,848
8 years$7,331$6,768$6,246$5,762$5,313$4,781
9 years$6,451$5,893$5,380$4,908$4,475$3,966
10 years$5,747$5,194$4,690$4,230$3,813$3,327
11 years$5,171$4,624$4,129$3,682$3,279$2,816
12 years$4,692$4,151$3,664$3,229$2,841$2,401
13 years$4,286$3,751$3,274$2,851$2,478$2,059
14 years$3,939$3,409$2,942$2,531$2,172$1,775
15 years$3,639$3,115$2,656$2,257$1,912$1,536
16 years$3,376$2,858$2,408$2,021$1,690$1,334
17 years$3,144$2,632$2,191$1,816$1,499$1,162
18 years$2,939$2,432$2,000$1,636$1,333$1,014
19 years$2,755$2,254$1,831$1,479$1,188$887
20 years$2,590$2,094$1,680$1,339$1,061$778
21 years$2,441$1,951$1,546$1,215$949$683
22 years$2,305$1,821$1,425$1,105$851$601
23 years$2,181$1,703$1,315$1,006$764$529
24 years$2,068$1,596$1,217$918$687$466
25 years$1,965$1,497$1,127$838$618$411
26 years$1,869$1,407$1,045$766$557$363
27 years$1,780$1,325$970$702$502$320
28 years$1,698$1,248$902$643$453$283
29 years$1,622$1,177$839$589$409$250
30 years$1,551$1,112$782$541$369$222
31 years$1,485$1,051$729$497$334$196
32 years$1,423$995$680$457$302$174
33 years$1,365$942$635$420$273$154
34 years$1,310$893$593$386$248$136
35 years$1,259$847$555$356$224$121
36 years$1,210$804$519$328$203$107
37 years$1,165$763$486$302$184$95
38 years$1,121$725$455$278$167$84
39 years$1,080$690$426$256$151$75
40 years$1,042$656$399$237$137$66
41 years$1,005$625$375$218$125$59
42 years$970$595$351$201$113$52
43 years$937$567$330$186$103$46
44 years$905$540$309$172$93$41
45 years$875$515$291$159$85$36
46 years$847$492$273$146$77$32
47 years$819$469$256$135$70$29
48 years$793$448$241$125$63$26
49 years$768$428$226$116$57$23
50 years$744$409$213$107$52$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $762,000, adding $5,403 every year, while hoping to spend $28,376 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: 63/11/26 Blend
61$762,000$762,000$762,000$762,000
62$845,297$804,911$793,100$892,412
63$901,326$814,160$789,477$934,207
64$962,118$822,911$784,782$976,235
65$1,028,130$831,110$778,948$1,021,520
66$1,099,864$838,698$771,907$1,070,384
67$1,177,870$845,615$763,586$1,123,185
68$1,262,757$851,794$753,910$1,180,316
69$1,355,191$857,165$742,800$1,242,211
70$1,455,908$861,654$730,171$1,309,349
71$1,565,717$865,181$715,938$1,382,259
72$1,685,507$867,662$700,009$1,461,527
73$1,816,259$869,007$682,289$1,547,794
74$1,959,050$869,121$662,679$1,641,774
75$2,115,069$867,904$641,074$1,744,250
76$2,285,621$865,246$617,365$1,856,089
77$2,472,147$861,036$591,439$1,978,245
78$2,676,230$855,150$563,176$2,111,773
79$2,899,615$847,462$532,452$2,257,836
80$3,144,223$837,836$499,137$2,417,717
81$3,412,170$826,126$463,094$2,592,832
82$3,705,785$812,180$424,182$2,784,743
83$4,027,635$795,837$382,252$2,995,172
84$4,380,545$776,924$337,149$3,226,020
85$4,767,628$755,261$288,711$3,479,383
86$5,192,312$730,654$236,768$3,757,575
87$5,658,372$702,901$181,144$4,063,145
88$6,169,969$671,786$121,656$4,398,907
89$6,731,684$637,081$58,109$4,767,965
90$7,348,563$598,546$0$5,173,740
91$8,026,167$555,925$0$5,622,699
92$8,770,620$508,949$0$6,133,691
93$9,588,670$457,334$0$6,695,230
94$10,487,749$400,778$0$7,312,439
95$11,476,047$338,964$0$7,990,969
96$12,562,585$271,554$0$8,737,042
97$13,757,304$198,196$0$9,557,519
98$15,071,154$118,512$0$10,459,958
99$16,516,200$32,109$0$11,452,690
100$18,105,737$0$0$12,544,895