Can I retire at age 62 with 765,000?

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 $765,000?

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%
1 years$63,173$62,610$62,061$61,525$61,002$60,720
2 years$31,274$30,691$30,127$29,580$29,049$28,763
3 years$20,642$20,057$19,494$18,952$18,430$18,151
4 years$15,327$14,744$14,187$13,654$13,144$12,873
5 years$12,139$11,560$11,009$10,487$9,992$9,730
6 years$10,015$9,439$8,897$8,387$7,906$7,654
7 years$8,498$7,927$7,394$6,895$6,430$6,187
8 years$7,360$6,795$6,270$5,784$5,334$5,101
9 years$6,476$5,916$5,401$4,927$4,492$4,269
10 years$5,769$5,215$4,708$4,247$3,828$3,614
11 years$5,191$4,642$4,145$3,696$3,292$3,087
12 years$4,710$4,167$3,679$3,242$2,853$2,657
13 years$4,303$3,766$3,287$2,862$2,488$2,301
14 years$3,955$3,423$2,953$2,541$2,181$2,003
15 years$3,653$3,127$2,666$2,266$1,920$1,751
16 years$3,389$2,869$2,417$2,029$1,697$1,536
17 years$3,157$2,642$2,200$1,823$1,505$1,352
18 years$2,950$2,441$2,008$1,643$1,338$1,193
19 years$2,766$2,263$1,838$1,484$1,192$1,055
20 years$2,600$2,103$1,687$1,344$1,065$935
21 years$2,450$1,958$1,552$1,220$953$830
22 years$2,314$1,828$1,430$1,109$854$738
23 years$2,190$1,710$1,321$1,010$767$657
24 years$2,077$1,602$1,221$922$689$586
25 years$1,972$1,503$1,131$842$620$523
26 years$1,876$1,413$1,049$770$559$467
27 years$1,787$1,330$974$704$504$417
28 years$1,705$1,253$906$645$455$373
29 years$1,628$1,182$843$592$410$334
30 years$1,557$1,116$785$543$371$299
31 years$1,491$1,055$732$499$335$268
32 years$1,428$999$683$458$303$240
33 years$1,370$946$638$422$274$216
34 years$1,315$896$596$388$249$193
35 years$1,264$850$557$357$225$174
36 years$1,215$807$521$329$204$156
37 years$1,169$766$488$303$185$140
38 years$1,126$728$457$279$168$126
39 years$1,085$693$428$257$152$113
40 years$1,046$659$401$237$138$102
41 years$1,009$627$376$219$125$91
42 years$974$597$353$202$113$82
43 years$941$569$331$187$103$74
44 years$909$542$311$172$93$66
45 years$879$517$292$159$85$60
46 years$850$493$274$147$77$54
47 years$822$471$257$136$70$48
48 years$796$450$242$126$64$43
49 years$771$429$227$116$58$39
50 years$747$410$214$107$52$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $765,000, adding $6,420 every year, while hoping to spend $49,107 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: 34/45/21 Blend
61$765,000$765,000$765,000$765,000
62$849,652$809,107$797,250$872,896
63$884,067$796,504$771,708$878,051
64$920,347$781,637$743,665$878,645
65$958,629$764,345$712,985$878,276
66$999,065$744,453$679,526$876,886
67$1,041,819$721,781$643,139$874,421
68$1,087,071$696,134$603,670$870,822
69$1,135,017$667,309$560,958$866,032
70$1,185,870$635,089$514,832$859,992
71$1,239,866$599,245$465,115$852,643
72$1,297,259$559,536$411,624$843,927
73$1,358,332$515,705$354,165$833,788
74$1,423,389$467,482$292,537$822,167
75$1,492,767$414,581$226,530$809,012
76$1,566,834$356,700$155,923$794,268
77$1,645,992$293,520$80,488$777,888
78$1,730,684$224,703$0$759,825
79$1,821,393$149,893$0$740,043
80$1,918,652$68,714$0$737,749
81$2,023,042$0$0$734,920
82$2,135,204$0$0$741,120
83$2,255,840$0$0$784,465
84$2,385,720$0$0$831,215
85$2,525,691$0$0$881,685
86$2,676,683$0$0$936,222
87$2,839,717$0$0$995,208
88$3,015,916$0$0$1,059,059
89$3,206,513$0$0$1,128,238
90$3,412,865$0$0$1,203,249
91$3,636,463$0$0$1,284,648
92$3,878,945$0$0$1,373,049
93$4,142,115$0$0$1,469,124
94$4,427,955$0$0$1,573,613
95$4,738,646$0$0$1,687,330
96$5,076,587$0$0$1,811,174
97$5,444,418$0$0$1,946,129
98$5,845,044$0$0$2,093,281
99$6,281,660$0$0$2,253,825
100$6,757,784$0$0$2,429,076