Can I retire at age 62 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$63,090$62,528$61,980$61,445$60,922$59,281
2 years$31,233$30,651$30,087$29,541$29,011$27,369
3 years$20,615$20,031$19,469$18,927$18,406$16,815
4 years$15,307$14,725$14,168$13,636$13,127$11,599
5 years$12,123$11,544$10,995$10,474$9,979$8,518
6 years$10,001$9,427$8,886$8,376$7,896$6,504
7 years$8,486$7,917$7,384$6,886$6,422$5,098
8 years$7,351$6,786$6,262$5,777$5,327$4,072
9 years$6,468$5,908$5,394$4,920$4,486$3,298
10 years$5,762$5,208$4,702$4,242$3,823$2,700
11 years$5,185$4,636$4,140$3,691$3,288$2,228
12 years$4,704$4,161$3,674$3,238$2,849$1,851
13 years$4,298$3,761$3,282$2,859$2,484$1,546
14 years$3,950$3,418$2,949$2,537$2,178$1,297
15 years$3,648$3,123$2,663$2,263$1,917$1,092
16 years$3,385$2,865$2,414$2,026$1,695$922
17 years$3,153$2,639$2,197$1,821$1,503$780
18 years$2,946$2,438$2,005$1,641$1,336$662
19 years$2,762$2,260$1,836$1,483$1,191$562
20 years$2,597$2,100$1,685$1,343$1,064$478
21 years$2,447$1,956$1,550$1,219$952$407
22 years$2,311$1,826$1,428$1,108$853$347
23 years$2,187$1,708$1,319$1,009$766$296
24 years$2,074$1,600$1,220$920$688$253
25 years$1,970$1,501$1,130$840$619$216
26 years$1,874$1,411$1,048$769$558$185
27 years$1,785$1,328$973$703$503$158
28 years$1,703$1,251$904$644$454$135
29 years$1,626$1,181$842$591$410$116
30 years$1,555$1,115$784$542$370$99
31 years$1,489$1,054$731$498$335$85
32 years$1,427$997$682$458$303$73
33 years$1,368$944$637$421$274$62
34 years$1,313$895$595$387$248$53
35 years$1,262$849$556$357$225$46
36 years$1,213$806$520$328$204$39
37 years$1,168$765$487$303$185$34
38 years$1,124$727$456$279$167$29
39 years$1,083$692$427$257$152$25
40 years$1,045$658$400$237$138$21
41 years$1,008$626$376$219$125$18
42 years$973$597$352$202$113$16
43 years$939$568$331$186$103$13
44 years$908$542$310$172$93$11
45 years$878$517$291$159$85$10
46 years$849$493$274$147$77$8
47 years$821$470$257$136$70$7
48 years$795$449$242$125$63$6
49 years$770$429$227$116$58$5
50 years$746$410$213$107$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $764,000, adding $3,946 every year, while hoping to spend $30,303 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: 55/37/8 Blend
61$764,000$764,000$764,000$764,000
62$845,998$805,506$793,664$890,708
63$900,048$812,734$788,010$928,598
64$958,595$819,300$781,150$966,143
65$1,022,066$825,140$773,014$1,006,287
66$1,090,931$830,186$763,524$1,049,283
67$1,165,705$834,365$752,601$1,095,408
68$1,246,957$837,598$740,163$1,144,970
69$1,335,310$839,804$726,122$1,198,307
70$1,431,452$840,895$710,387$1,255,795
71$1,536,138$840,777$692,863$1,317,848
72$1,650,201$839,352$673,451$1,384,923
73$1,774,556$836,514$652,045$1,457,527
74$1,910,209$832,152$628,538$1,536,217
75$2,058,271$826,148$602,815$1,621,610
76$2,219,962$818,376$574,756$1,714,387
77$2,396,625$808,704$544,237$1,815,302
78$2,589,740$796,990$511,128$1,925,186
79$2,800,936$783,084$475,293$2,044,956
80$3,032,005$766,829$436,589$2,175,626
81$3,284,923$748,057$394,868$2,318,316
82$3,561,863$726,590$349,974$2,474,262
83$3,865,220$702,240$301,746$2,644,830
84$4,197,631$674,808$250,013$2,831,525
85$4,562,001$644,085$194,599$3,036,013
86$4,961,526$609,846$135,320$3,260,129
87$5,399,731$571,858$71,982$3,505,903
88$5,880,494$529,869$4,384$3,775,572
89$6,408,090$483,619$0$4,071,608
90$6,987,226$432,827$0$4,402,521
91$7,623,087$377,200$0$4,766,312
92$8,321,386$316,426$0$5,165,949
93$9,088,415$250,179$0$5,605,118
94$9,931,106$178,110$0$6,087,886
95$10,857,094$99,853$0$6,618,739
96$11,874,794$15,022$0$7,202,625
97$12,993,473$0$0$7,845,004
98$14,223,341$0$0$8,583,163
99$15,575,649$0$0$9,401,612
100$17,062,791$0$0$10,301,747