Can I retire at age 62 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$63,503$62,938$62,386$61,847$61,321$60,455
2 years$31,437$30,852$30,284$29,734$29,201$28,329
3 years$20,750$20,162$19,596$19,051$18,526$17,677
4 years$15,407$14,821$14,261$13,725$13,213$12,393
5 years$12,203$11,620$11,067$10,542$10,044$9,255
6 years$10,067$9,489$8,944$8,431$7,948$7,191
7 years$8,542$7,969$7,432$6,931$6,464$5,739
8 years$7,399$6,830$6,303$5,815$5,362$4,670
9 years$6,510$5,947$5,429$4,953$4,516$3,856
10 years$5,800$5,242$4,733$4,269$3,848$3,219
11 years$5,219$4,667$4,167$3,716$3,309$2,711
12 years$4,735$4,189$3,698$3,259$2,868$2,300
13 years$4,326$3,785$3,304$2,877$2,501$1,962
14 years$3,975$3,441$2,969$2,554$2,192$1,682
15 years$3,672$3,143$2,680$2,278$1,930$1,448
16 years$3,407$2,884$2,430$2,040$1,706$1,250
17 years$3,173$2,656$2,211$1,832$1,512$1,083
18 years$2,966$2,454$2,019$1,651$1,345$940
19 years$2,780$2,274$1,848$1,492$1,199$818
20 years$2,614$2,114$1,696$1,351$1,071$713
21 years$2,463$1,969$1,560$1,227$958$622
22 years$2,326$1,838$1,438$1,115$859$544
23 years$2,202$1,719$1,327$1,016$771$476
24 years$2,087$1,610$1,228$926$693$416
25 years$1,983$1,511$1,137$846$624$365
26 years$1,886$1,420$1,055$774$562$320
27 years$1,797$1,337$979$708$506$281
28 years$1,714$1,260$910$649$457$247
29 years$1,637$1,188$847$595$413$217
30 years$1,565$1,122$789$546$373$191
31 years$1,498$1,061$736$501$337$168
32 years$1,436$1,004$686$461$305$147
33 years$1,377$951$641$424$276$130
34 years$1,322$901$599$390$250$114
35 years$1,270$855$560$359$226$101
36 years$1,221$811$524$331$205$89
37 years$1,175$770$490$305$186$78
38 years$1,132$732$459$281$168$69
39 years$1,090$696$430$259$153$61
40 years$1,051$662$403$239$139$53
41 years$1,014$630$378$220$126$47
42 years$979$600$355$203$114$41
43 years$946$572$333$188$104$36
44 years$914$545$312$173$94$32
45 years$883$520$293$160$85$28
46 years$854$496$275$148$77$25
47 years$827$473$259$137$70$22
48 years$800$452$243$126$64$19
49 years$775$432$229$117$58$17
50 years$751$412$215$108$53$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $769,000, adding $2,830 every year, while hoping to spend $45,424 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: 64/6/30 Blend
61$769,000$769,000$769,000$769,000
62$850,357$809,600$797,681$897,789
63$888,763$800,940$776,072$921,642
64$929,563$790,333$752,217$942,473
65$972,955$777,635$725,993$964,269
66$1,019,153$762,696$697,270$987,133
67$1,068,393$745,354$665,915$1,011,178
68$1,120,931$725,438$631,785$1,036,532
69$1,177,050$702,769$594,734$1,063,336
70$1,237,060$677,156$554,608$1,091,750
71$1,301,299$648,395$511,247$1,121,951
72$1,370,140$616,275$464,482$1,154,134
73$1,443,989$580,567$414,137$1,188,519
74$1,523,295$541,035$360,030$1,225,351
75$1,608,550$497,423$301,969$1,264,900
76$1,700,291$449,466$239,754$1,307,468
77$1,799,111$396,881$173,177$1,353,390
78$1,905,661$339,368$102,018$1,403,039
79$2,020,655$276,613$26,052$1,456,828
80$2,144,877$208,283$0$1,515,217
81$2,279,191$134,025$0$1,596,326
82$2,424,544$53,468$0$1,693,154
83$2,581,979$0$0$1,798,062
84$2,752,641$0$0$1,914,062
85$2,937,791$0$0$2,043,784
86$3,138,814$0$0$2,184,674
87$3,357,234$0$0$2,337,806
88$3,594,729$0$0$2,504,361
89$3,853,142$0$0$2,685,641
90$4,134,504$0$0$2,883,075
91$4,441,047$0$0$3,098,237
92$4,775,230$0$0$3,332,860
93$5,139,757$0$0$3,588,851
94$5,537,605$0$0$3,868,308
95$5,972,053$0$0$4,173,541
96$6,446,706$0$0$4,507,094
97$6,965,538$0$0$4,871,767
98$7,532,920$0$0$5,270,643
99$8,153,668$0$0$5,707,115
100$8,833,082$0$0$6,184,922