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%19.3%
1 years$63,173$62,610$62,061$61,525$61,002$58,721
2 years$31,274$30,691$30,127$29,580$29,049$26,777
3 years$20,642$20,057$19,494$18,952$18,430$16,238
4 years$15,327$14,744$14,187$13,654$13,144$11,050
5 years$12,139$11,560$11,009$10,487$9,992$8,000
6 years$10,015$9,439$8,897$8,387$7,906$6,019
7 years$8,498$7,927$7,394$6,895$6,430$4,646
8 years$7,360$6,795$6,270$5,784$5,334$3,652
9 years$6,476$5,916$5,401$4,927$4,492$2,910
10 years$5,769$5,215$4,708$4,247$3,828$2,342
11 years$5,191$4,642$4,145$3,696$3,292$1,899
12 years$4,710$4,167$3,679$3,242$2,853$1,550
13 years$4,303$3,766$3,287$2,862$2,488$1,271
14 years$3,955$3,423$2,953$2,541$2,181$1,047
15 years$3,653$3,127$2,666$2,266$1,920$864
16 years$3,389$2,869$2,417$2,029$1,697$716
17 years$3,157$2,642$2,200$1,823$1,505$594
18 years$2,950$2,441$2,008$1,643$1,338$494
19 years$2,766$2,263$1,838$1,484$1,192$411
20 years$2,600$2,103$1,687$1,344$1,065$342
21 years$2,450$1,958$1,552$1,220$953$286
22 years$2,314$1,828$1,430$1,109$854$238
23 years$2,190$1,710$1,321$1,010$767$199
24 years$2,077$1,602$1,221$922$689$166
25 years$1,972$1,503$1,131$842$620$139
26 years$1,876$1,413$1,049$770$559$116
27 years$1,787$1,330$974$704$504$97
28 years$1,705$1,253$906$645$455$82
29 years$1,628$1,182$843$592$410$68
30 years$1,557$1,116$785$543$371$57
31 years$1,491$1,055$732$499$335$48
32 years$1,428$999$683$458$303$40
33 years$1,370$946$638$422$274$34
34 years$1,315$896$596$388$249$28
35 years$1,264$850$557$357$225$24
36 years$1,215$807$521$329$204$20
37 years$1,169$766$488$303$185$17
38 years$1,126$728$457$279$168$14
39 years$1,085$693$428$257$152$12
40 years$1,046$659$401$237$138$10
41 years$1,009$627$376$219$125$8
42 years$974$597$353$202$113$7
43 years$941$569$331$187$103$6
44 years$909$542$311$172$93$5
45 years$879$517$292$159$85$4
46 years$850$493$274$147$77$3
47 years$822$471$257$136$70$3
48 years$796$450$242$126$64$2
49 years$771$429$227$116$58$2
50 years$747$410$214$107$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $765,000, adding $4,662 every year, while hoping to spend $49,996 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: 70/20/10 Blend
61$765,000$765,000$765,000$765,000
62$847,839$807,294$795,436$905,195
63$881,123$793,656$768,888$930,170
64$916,127$777,674$739,775$950,951
65$952,972$759,181$707,958$972,352
66$991,793$737,998$673,292$994,422
67$1,032,734$713,939$635,626$1,017,219
68$1,075,955$686,803$594,801$1,040,808
69$1,121,627$656,382$550,652$1,065,260
70$1,169,940$622,451$503,005$1,090,656
71$1,221,098$584,776$451,681$1,117,087
72$1,275,327$543,107$396,489$1,144,654
73$1,332,873$497,181$337,233$1,173,473
74$1,394,003$446,720$273,708$1,203,669
75$1,459,011$391,429$205,697$1,235,387
76$1,528,219$330,998$132,977$1,268,786
77$1,601,979$265,098$55,312$1,304,043
78$1,680,675$193,382$0$1,341,360
79$1,764,730$115,484$0$1,383,898
80$1,854,606$31,017$0$1,435,456
81$1,950,811$0$0$1,490,430
82$2,053,900$0$0$1,562,457
83$2,164,484$0$0$1,647,071
84$2,283,231$0$0$1,737,960
85$2,410,877$0$0$1,835,692
86$2,548,227$0$0$1,940,886
87$2,696,168$0$0$2,054,225
88$2,855,671$0$0$2,176,460
89$3,027,805$0$0$2,308,412
90$3,213,743$0$0$2,450,987
91$3,414,776$0$0$2,605,179
92$3,632,321$0$0$2,772,081
93$3,867,937$0$0$2,952,893
94$4,123,337$0$0$3,148,937
95$4,400,405$0$0$3,361,666
96$4,701,214$0$0$3,592,676
97$5,028,041$0$0$3,843,725
98$5,383,396$0$0$4,116,746
99$5,770,035$0$0$4,413,865
100$6,190,993$0$0$4,737,422