Can I retire at age 62 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$63,586$63,019$62,467$61,928$61,401$59,917
2 years$31,478$30,892$30,324$29,773$29,239$27,752
3 years$20,777$20,188$19,621$19,076$18,550$17,108
4 years$15,427$14,840$14,279$13,743$13,230$11,843
5 years$12,219$11,635$11,081$10,556$10,057$8,730
6 years$10,080$9,501$8,955$8,442$7,958$6,691
7 years$8,553$7,979$7,442$6,940$6,472$5,266
8 years$7,408$6,839$6,311$5,822$5,369$4,223
9 years$6,519$5,955$5,436$4,959$4,522$3,435
10 years$5,807$5,249$4,739$4,275$3,853$2,824
11 years$5,225$4,673$4,172$3,720$3,313$2,341
12 years$4,741$4,194$3,703$3,263$2,871$1,954
13 years$4,331$3,790$3,308$2,881$2,504$1,640
14 years$3,981$3,445$2,972$2,557$2,195$1,382
15 years$3,677$3,147$2,684$2,281$1,933$1,169
16 years$3,411$2,888$2,433$2,042$1,708$992
17 years$3,177$2,659$2,214$1,835$1,514$844
18 years$2,970$2,457$2,021$1,654$1,347$720
19 years$2,784$2,277$1,850$1,494$1,200$614
20 years$2,617$2,116$1,698$1,353$1,072$526
21 years$2,466$1,971$1,562$1,228$959$450
22 years$2,329$1,840$1,440$1,117$860$386
23 years$2,204$1,721$1,329$1,017$772$331
24 years$2,090$1,612$1,229$928$694$284
25 years$1,985$1,513$1,139$847$624$244
26 years$1,888$1,422$1,056$775$562$210
27 years$1,799$1,338$981$709$507$181
28 years$1,716$1,261$912$650$457$155
29 years$1,639$1,190$848$596$413$134
30 years$1,567$1,124$790$547$373$115
31 years$1,500$1,062$737$502$337$99
32 years$1,438$1,005$687$461$305$86
33 years$1,379$952$642$424$276$74
34 years$1,324$902$600$390$250$64
35 years$1,272$856$561$359$227$55
36 years$1,223$812$524$331$205$47
37 years$1,177$771$491$305$186$41
38 years$1,133$733$460$281$169$35
39 years$1,092$697$431$259$153$30
40 years$1,053$663$404$239$139$26
41 years$1,016$631$378$221$126$23
42 years$980$601$355$204$114$19
43 years$947$573$333$188$104$17
44 years$915$546$313$173$94$14
45 years$884$521$294$160$85$12
46 years$855$497$276$148$78$11
47 years$828$474$259$137$70$9
48 years$801$453$243$126$64$8
49 years$776$432$229$117$58$7
50 years$752$413$215$108$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $770,000, adding $2,057 every year, while hoping to spend $21,297 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: 63/16/21 Blend
61$770,000$770,000$770,000$770,000
62$850,662$809,852$797,917$899,514
63$914,769$826,875$801,987$949,723
64$984,702$844,018$805,480$1,001,966
65$1,061,032$861,265$808,354$1,058,536
66$1,144,388$878,598$810,564$1,119,855
67$1,235,463$895,996$812,065$1,186,393
68$1,335,019$913,439$812,809$1,258,664
69$1,443,897$930,903$812,744$1,337,236
70$1,563,020$948,363$811,816$1,422,736
71$1,693,407$965,792$809,971$1,515,854
72$1,836,179$983,160$807,150$1,617,350
73$1,992,570$1,000,436$803,290$1,728,062
74$2,163,940$1,017,585$798,327$1,848,915
75$2,351,785$1,034,570$792,195$1,980,928
76$2,557,754$1,051,351$784,821$2,125,223
77$2,783,665$1,067,887$776,132$2,283,037
78$3,031,516$1,084,131$766,050$2,455,736
79$3,303,512$1,100,034$754,494$2,644,823
80$3,602,079$1,115,545$741,378$2,851,955
81$3,929,890$1,130,606$726,613$3,078,961
82$4,289,891$1,145,157$710,107$3,327,853
83$4,685,325$1,159,135$691,760$3,600,853
84$5,119,766$1,172,471$671,472$3,900,408
85$5,597,151$1,185,090$649,135$4,229,216
86$6,121,817$1,196,917$624,638$4,590,251
87$6,698,542$1,207,865$597,863$4,986,790
88$7,332,591$1,217,848$568,689$5,422,447
89$8,029,763$1,226,770$536,988$5,901,206
90$8,796,447$1,234,531$502,626$6,427,455
91$9,639,685$1,241,023$465,464$7,006,036
92$10,567,232$1,246,132$425,355$7,642,282
93$11,587,633$1,249,736$382,149$8,342,073
94$12,710,306$1,251,708$335,685$9,111,889
95$13,945,625$1,251,909$285,798$9,958,876
96$15,305,021$1,250,194$232,314$10,890,907
97$16,801,088$1,246,409$175,052$11,916,661
98$18,447,706$1,240,390$113,823$13,045,704
99$20,260,165$1,231,962$48,429$14,288,582
100$22,255,315$1,220,941$0$15,656,916