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%
1 years$63,090$62,528$61,980$61,445$60,922$60,666
2 years$31,233$30,651$30,087$29,541$29,011$28,752
3 years$20,615$20,031$19,469$18,927$18,406$18,152
4 years$15,307$14,725$14,168$13,636$13,127$12,881
5 years$12,123$11,544$10,995$10,474$9,979$9,741
6 years$10,001$9,427$8,886$8,376$7,896$7,667
7 years$8,486$7,917$7,384$6,886$6,422$6,201
8 years$7,351$6,786$6,262$5,777$5,327$5,115
9 years$6,468$5,908$5,394$4,920$4,486$4,283
10 years$5,762$5,208$4,702$4,242$3,823$3,628
11 years$5,185$4,636$4,140$3,691$3,288$3,101
12 years$4,704$4,161$3,674$3,238$2,849$2,671
13 years$4,298$3,761$3,282$2,859$2,484$2,314
14 years$3,950$3,418$2,949$2,537$2,178$2,016
15 years$3,648$3,123$2,663$2,263$1,917$1,763
16 years$3,385$2,865$2,414$2,026$1,695$1,548
17 years$3,153$2,639$2,197$1,821$1,503$1,363
18 years$2,946$2,438$2,005$1,641$1,336$1,204
19 years$2,762$2,260$1,836$1,483$1,191$1,065
20 years$2,597$2,100$1,685$1,343$1,064$945
21 years$2,447$1,956$1,550$1,219$952$839
22 years$2,311$1,826$1,428$1,108$853$747
23 years$2,187$1,708$1,319$1,009$766$666
24 years$2,074$1,600$1,220$920$688$594
25 years$1,970$1,501$1,130$840$619$530
26 years$1,874$1,411$1,048$769$558$474
27 years$1,785$1,328$973$703$503$424
28 years$1,703$1,251$904$644$454$380
29 years$1,626$1,181$842$591$410$340
30 years$1,555$1,115$784$542$370$305
31 years$1,489$1,054$731$498$335$273
32 years$1,427$997$682$458$303$245
33 years$1,368$944$637$421$274$220
34 years$1,313$895$595$387$248$198
35 years$1,262$849$556$357$225$178
36 years$1,213$806$520$328$204$160
37 years$1,168$765$487$303$185$143
38 years$1,124$727$456$279$167$129
39 years$1,083$692$427$257$152$116
40 years$1,045$658$400$237$138$104
41 years$1,008$626$376$219$125$94
42 years$973$597$352$202$113$84
43 years$939$568$331$186$103$76
44 years$908$542$310$172$93$68
45 years$878$517$291$159$85$61
46 years$849$493$274$147$77$55
47 years$821$470$257$136$70$50
48 years$795$449$242$125$63$45
49 years$770$429$227$116$58$40
50 years$746$410$213$107$52$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $764,000, adding $6,876 every year, while hoping to spend $35,876 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: 37/49/14 Blend
61$764,000$764,000$764,000$764,000
62$849,021$808,529$796,687$876,573
63$897,449$809,975$785,204$898,408
64$949,615$810,289$772,134$918,029
65$1,005,861$809,379$757,386$938,443
66$1,066,565$807,145$740,865$959,741
67$1,132,141$803,481$722,470$982,022
68$1,203,044$798,277$702,098$1,005,400
69$1,279,776$791,414$679,639$1,030,002
70$1,362,886$782,766$654,980$1,055,973
71$1,452,979$772,200$628,001$1,083,472
72$1,550,721$759,576$598,577$1,112,682
73$1,656,843$744,744$566,578$1,143,803
74$1,772,150$727,545$531,867$1,177,065
75$1,897,526$707,812$494,301$1,212,720
76$2,033,947$685,368$453,733$1,251,053
77$2,182,483$660,024$410,007$1,292,383
78$2,344,313$631,582$362,959$1,337,065
79$2,520,736$599,832$312,421$1,385,494
80$2,713,178$564,552$258,215$1,438,114
81$2,923,213$525,505$200,155$1,495,418
82$3,152,569$482,444$138,049$1,557,956
83$3,403,153$435,105$71,695$1,626,339
84$3,677,060$383,211$883$1,701,251
85$3,976,600$326,467$0$1,783,449
86$4,304,313$264,565$0$1,884,934
87$4,663,000$197,175$0$1,996,354
88$5,055,741$123,952$0$2,118,655
89$5,485,932$44,530$0$2,253,033
90$5,957,308$0$0$2,400,813
91$6,473,987$0$0$2,585,828
92$7,040,502$0$0$2,815,122
93$7,661,846$0$0$3,066,718
94$8,343,518$0$0$3,342,857
95$9,091,576$0$0$3,646,007
96$9,912,691$0$0$3,978,888
97$10,814,214$0$0$4,344,493
98$11,804,242$0$0$4,746,123
99$12,891,691$0$0$5,187,411
100$14,086,389$0$0$5,672,362