Can I retire at age 62 with 768,000?

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 $768,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$63,421$62,856$62,305$61,767$61,241$59,400
2 years$31,396$30,812$30,245$29,696$29,163$27,323
3 years$20,723$20,136$19,571$19,026$18,502$16,722
4 years$15,387$14,802$14,242$13,707$13,196$11,489
5 years$12,187$11,605$11,053$10,529$10,031$8,402
6 years$10,054$9,476$8,932$8,420$7,937$6,387
7 years$8,531$7,958$7,423$6,922$6,455$4,984
8 years$7,389$6,822$6,295$5,807$5,355$3,962
9 years$6,502$5,939$5,422$4,946$4,510$3,193
10 years$5,792$5,235$4,727$4,264$3,843$2,601
11 years$5,212$4,661$4,162$3,711$3,305$2,136
12 years$4,729$4,183$3,693$3,255$2,864$1,765
13 years$4,320$3,780$3,300$2,873$2,497$1,466
14 years$3,970$3,436$2,965$2,551$2,189$1,223
15 years$3,667$3,139$2,677$2,275$1,927$1,024
16 years$3,403$2,880$2,427$2,037$1,704$860
17 years$3,169$2,652$2,208$1,830$1,510$723
18 years$2,962$2,451$2,016$1,649$1,343$610
19 years$2,777$2,272$1,846$1,490$1,197$515
20 years$2,610$2,111$1,694$1,350$1,069$435
21 years$2,460$1,966$1,558$1,225$957$369
22 years$2,323$1,835$1,436$1,114$858$312
23 years$2,199$1,717$1,326$1,014$770$265
24 years$2,085$1,608$1,226$925$692$225
25 years$1,980$1,509$1,136$845$623$191
26 years$1,884$1,418$1,053$773$561$162
27 years$1,794$1,335$978$707$506$138
28 years$1,712$1,258$909$648$456$117
29 years$1,635$1,187$846$594$412$100
30 years$1,563$1,121$788$545$372$85
31 years$1,496$1,059$735$501$337$72
32 years$1,434$1,002$685$460$304$61
33 years$1,375$949$640$423$276$52
34 years$1,320$900$598$389$249$44
35 years$1,269$853$559$358$226$38
36 years$1,220$810$523$330$205$32
37 years$1,174$769$490$304$186$27
38 years$1,130$731$458$280$168$23
39 years$1,089$695$430$259$153$20
40 years$1,050$661$403$238$138$17
41 years$1,013$630$377$220$126$14
42 years$978$600$354$203$114$12
43 years$944$571$332$187$103$10
44 years$912$545$312$173$94$9
45 years$882$519$293$160$85$8
46 years$853$495$275$148$77$6
47 years$826$473$258$136$70$5
48 years$799$451$243$126$64$5
49 years$774$431$228$116$58$4
50 years$750$412$215$108$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $768,000, adding $2,879 every year, while hoping to spend $50,936 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: 52/41/7 Blend
61$768,000$768,000$768,000$768,000
62$849,306$808,602$796,698$891,871
63$881,739$794,028$769,192$906,513
64$915,774$777,032$739,057$916,655
65$951,519$757,443$706,152$926,466
66$989,094$735,078$670,328$935,925
67$1,028,628$709,743$631,430$945,010
68$1,070,262$681,234$589,297$953,704
69$1,114,149$649,335$543,758$961,990
70$1,160,456$613,816$494,638$969,851
71$1,209,366$574,436$441,751$977,275
72$1,261,076$530,939$384,905$984,252
73$1,315,804$483,053$323,897$990,774
74$1,373,786$430,492$258,518$996,841
75$1,435,281$372,955$188,547$1,002,453
76$1,500,572$310,122$113,756$1,007,620
77$1,569,967$241,656$33,904$1,012,355
78$1,643,806$167,198$0$1,016,682
79$1,722,457$86,375$0$1,024,464
80$1,806,327$0$0$1,034,863
81$1,895,860$0$0$1,045,965
82$1,991,541$0$0$1,099,520
83$2,093,904$0$0$1,156,865
84$2,203,534$0$0$1,218,332
85$2,321,072$0$0$1,284,288
86$2,447,222$0$0$1,355,134
87$2,582,754$0$0$1,431,312
88$2,728,517$0$0$1,513,306
89$2,885,442$0$0$1,601,647
90$3,054,549$0$0$1,696,920
91$3,236,960$0$0$1,799,765
92$3,433,910$0$0$1,910,888
93$3,646,752$0$0$2,031,063
94$3,876,975$0$0$2,161,142
95$4,126,216$0$0$2,302,061
96$4,396,273$0$0$2,454,848
97$4,689,126$0$0$2,620,636
98$5,006,950$0$0$2,800,670
99$5,352,137$0$0$2,996,317
100$5,727,319$0$0$3,209,086