Can I retire at age 62 with 764,000?

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 $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%11.3%
1 years$63,090$62,528$61,980$61,445$60,922$60,589
2 years$31,233$30,651$30,087$29,541$29,011$28,675
3 years$20,615$20,031$19,469$18,927$18,406$18,077
4 years$15,307$14,725$14,168$13,636$13,127$12,808
5 years$12,123$11,544$10,995$10,474$9,979$9,671
6 years$10,001$9,427$8,886$8,376$7,896$7,599
7 years$8,486$7,917$7,384$6,886$6,422$6,136
8 years$7,351$6,786$6,262$5,777$5,327$5,053
9 years$6,468$5,908$5,394$4,920$4,486$4,224
10 years$5,762$5,208$4,702$4,242$3,823$3,571
11 years$5,185$4,636$4,140$3,691$3,288$3,047
12 years$4,704$4,161$3,674$3,238$2,849$2,620
13 years$4,298$3,761$3,282$2,859$2,484$2,266
14 years$3,950$3,418$2,949$2,537$2,178$1,969
15 years$3,648$3,123$2,663$2,263$1,917$1,719
16 years$3,385$2,865$2,414$2,026$1,695$1,506
17 years$3,153$2,639$2,197$1,821$1,503$1,324
18 years$2,946$2,438$2,005$1,641$1,336$1,167
19 years$2,762$2,260$1,836$1,483$1,191$1,030
20 years$2,597$2,100$1,685$1,343$1,064$912
21 years$2,447$1,956$1,550$1,219$952$808
22 years$2,311$1,826$1,428$1,108$853$718
23 years$2,187$1,708$1,319$1,009$766$638
24 years$2,074$1,600$1,220$920$688$568
25 years$1,970$1,501$1,130$840$619$506
26 years$1,874$1,411$1,048$769$558$451
27 years$1,785$1,328$973$703$503$403
28 years$1,703$1,251$904$644$454$360
29 years$1,626$1,181$842$591$410$321
30 years$1,555$1,115$784$542$370$287
31 years$1,489$1,054$731$498$335$257
32 years$1,427$997$682$458$303$230
33 years$1,368$944$637$421$274$206
34 years$1,313$895$595$387$248$185
35 years$1,262$849$556$357$225$165
36 years$1,213$806$520$328$204$148
37 years$1,168$765$487$303$185$133
38 years$1,124$727$456$279$167$119
39 years$1,083$692$427$257$152$107
40 years$1,045$658$400$237$138$96
41 years$1,008$626$376$219$125$86
42 years$973$597$352$202$113$77
43 years$939$568$331$186$103$69
44 years$908$542$310$172$93$62
45 years$878$517$291$159$85$56
46 years$849$493$274$147$77$50
47 years$821$470$257$136$70$45
48 years$795$449$242$125$63$40
49 years$770$429$227$116$58$36
50 years$746$410$213$107$52$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $764,000, adding $5,190 every year, while hoping to spend $40,991 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: 64/18/18 Blend
61$764,000$764,000$764,000$764,000
62$847,281$806,789$794,947$897,364
63$890,090$802,708$777,964$927,550
64$935,891$797,053$759,038$955,374
65$984,947$789,703$738,061$984,795
66$1,037,545$780,532$714,919$1,015,972
67$1,094,000$769,403$689,494$1,049,078
68$1,154,658$756,174$661,662$1,084,308
69$1,219,899$740,693$631,294$1,121,877
70$1,290,139$722,797$598,253$1,162,023
71$1,365,838$702,318$562,398$1,205,012
72$1,447,496$679,075$523,582$1,251,135
73$1,535,668$652,877$481,649$1,300,719
74$1,630,960$623,522$436,438$1,354,123
75$1,734,039$590,796$387,780$1,411,746
76$1,845,639$554,473$335,498$1,474,031
77$1,966,566$514,314$279,410$1,541,466
78$2,097,707$470,066$219,321$1,614,594
79$2,240,037$421,463$155,032$1,694,014
80$2,394,627$368,221$86,332$1,780,392
81$2,562,658$310,043$13,003$1,874,461
82$2,745,428$246,614$0$1,977,035
83$2,944,363$177,600$0$2,101,547
84$3,161,035$102,649$0$2,239,938
85$3,397,173$21,391$0$2,390,859
86$3,654,679$0$0$2,555,577
87$3,935,646$0$0$2,748,674
88$4,242,380$0$0$2,964,156
89$4,577,418$0$0$3,199,572
90$4,943,553$0$0$3,456,893
91$5,343,860$0$0$3,738,286
92$5,781,724$0$0$4,046,137
93$6,260,873$0$0$4,383,076
94$6,785,411$0$0$4,751,996
95$7,359,859$0$0$5,156,084
96$7,989,195$0$0$5,598,849
97$8,678,900$0$0$6,084,157
98$9,435,011$0$0$6,616,265
99$10,264,177$0$0$7,199,861
100$11,173,722$0$0$7,840,108