Can I retire at age 62 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$63,256$62,692$62,142$61,606$61,082$59,056
2 years$31,315$30,731$30,166$29,618$29,087$27,065
3 years$20,669$20,083$19,520$18,977$18,454$16,500
4 years$15,347$14,763$14,205$13,672$13,161$11,291
5 years$12,155$11,575$11,024$10,501$10,005$8,222
6 years$10,028$9,452$8,909$8,398$7,917$6,223
7 years$8,509$7,937$7,403$6,904$6,438$4,834
8 years$7,370$6,804$6,279$5,792$5,341$3,825
9 years$6,485$5,924$5,408$4,933$4,498$3,068
10 years$5,777$5,222$4,715$4,253$3,833$2,486
11 years$5,198$4,649$4,151$3,701$3,296$2,031
12 years$4,716$4,172$3,684$3,246$2,856$1,670
13 years$4,309$3,771$3,291$2,866$2,491$1,380
14 years$3,960$3,427$2,957$2,544$2,183$1,145
15 years$3,658$3,131$2,670$2,269$1,922$953
16 years$3,394$2,873$2,421$2,032$1,699$795
17 years$3,161$2,646$2,203$1,825$1,507$665
18 years$2,954$2,445$2,011$1,645$1,340$557
19 years$2,769$2,266$1,841$1,486$1,194$468
20 years$2,603$2,105$1,689$1,346$1,066$393
21 years$2,453$1,961$1,554$1,222$954$331
22 years$2,317$1,831$1,432$1,111$855$279
23 years$2,193$1,712$1,322$1,012$768$235
24 years$2,079$1,604$1,223$923$690$198
25 years$1,975$1,505$1,133$843$621$167
26 years$1,879$1,415$1,050$771$559$141
27 years$1,790$1,331$975$705$504$119
28 years$1,707$1,255$907$646$455$100
29 years$1,631$1,184$844$593$411$85
30 years$1,559$1,118$786$544$371$72
31 years$1,493$1,057$733$499$336$61
32 years$1,430$1,000$684$459$304$51
33 years$1,372$947$638$422$275$43
34 years$1,317$897$596$388$249$37
35 years$1,265$851$558$358$225$31
36 years$1,217$808$522$329$204$26
37 years$1,171$767$488$303$185$22
38 years$1,127$729$457$280$168$19
39 years$1,086$693$428$258$152$16
40 years$1,047$660$402$238$138$13
41 years$1,010$628$377$219$125$11
42 years$975$598$353$202$114$10
43 years$942$570$331$187$103$8
44 years$910$543$311$173$94$7
45 years$880$518$292$159$85$6
46 years$851$494$274$147$77$5
47 years$823$472$258$136$70$4
48 years$797$450$242$126$64$4
49 years$772$430$228$116$58$3
50 years$748$411$214$107$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $766,000, adding $5,875 every year, while hoping to spend $37,810 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: 68/5/27 Blend
61$766,000$766,000$766,000$766,000
62$850,192$809,594$797,721$901,673
63$896,682$809,035$784,215$936,456
64$946,647$807,181$768,990$969,654
65$1,000,401$803,928$751,947$1,005,114
66$1,058,290$799,169$732,985$1,043,062
67$1,120,692$792,785$711,997$1,083,745
68$1,188,025$784,654$688,871$1,127,438
69$1,260,746$774,644$663,491$1,174,445
70$1,339,358$762,618$635,734$1,225,101
71$1,424,415$748,428$605,473$1,279,777
72$1,516,522$731,919$572,573$1,338,884
73$1,616,350$712,925$536,897$1,402,875
74$1,724,632$691,272$498,297$1,472,250
75$1,842,176$666,777$456,622$1,547,563
76$1,969,872$639,242$411,712$1,629,426
77$2,108,695$608,462$363,401$1,718,512
78$2,259,723$574,217$311,516$1,815,570
79$2,424,137$536,276$255,874$1,921,422
80$2,603,240$494,395$196,287$2,036,979
81$2,798,465$448,314$132,557$2,163,246
82$3,011,388$397,761$64,477$2,301,332
83$3,243,745$342,446$0$2,452,463
84$3,497,445$282,065$0$2,620,347
85$3,774,593$216,295$0$2,824,099
86$4,077,502$144,794$0$3,046,840
87$4,408,723$67,204$0$3,290,462
88$4,771,060$0$0$3,557,045
89$5,167,604$0$0$3,849,812
90$5,601,757$0$0$4,174,437
91$6,077,266$0$0$4,530,031
92$6,598,257$0$0$4,919,684
93$7,169,274$0$0$5,346,800
94$7,795,321$0$0$5,815,130
95$8,481,911$0$0$6,328,802
96$9,235,115$0$0$6,892,366
97$10,061,618$0$0$7,510,831
98$10,968,788$0$0$8,189,716
99$11,964,737$0$0$8,935,100
100$13,058,402$0$0$9,753,679