Can I retire at age 62 with 775,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$63,999$63,429$62,873$62,330$61,800$60,726
2 years$31,683$31,093$30,521$29,966$29,428$28,350
3 years$20,912$20,319$19,749$19,200$18,671$17,621
4 years$15,528$14,937$14,372$13,832$13,316$12,304
5 years$12,298$11,711$11,153$10,624$10,123$9,150
6 years$10,145$9,563$9,014$8,496$8,010$7,079
7 years$8,609$8,031$7,490$6,985$6,514$5,624
8 years$7,456$6,884$6,352$5,860$5,404$4,556
9 years$6,561$5,994$5,471$4,991$4,551$3,743
10 years$5,845$5,283$4,770$4,303$3,878$3,110
11 years$5,259$4,703$4,199$3,745$3,335$2,606
12 years$4,772$4,221$3,727$3,284$2,890$2,200
13 years$4,359$3,815$3,330$2,900$2,520$1,867
14 years$4,006$3,468$2,992$2,574$2,209$1,592
15 years$3,701$3,168$2,701$2,296$1,945$1,363
16 years$3,434$2,906$2,449$2,055$1,719$1,170
17 years$3,198$2,677$2,229$1,847$1,524$1,008
18 years$2,989$2,473$2,034$1,664$1,355$870
19 years$2,802$2,292$1,862$1,504$1,208$752
20 years$2,634$2,130$1,709$1,362$1,079$652
21 years$2,482$1,984$1,572$1,236$966$565
22 years$2,344$1,852$1,449$1,124$866$491
23 years$2,219$1,732$1,338$1,024$777$427
24 years$2,104$1,623$1,237$934$698$372
25 years$1,998$1,523$1,146$853$628$324
26 years$1,901$1,431$1,063$780$566$282
27 years$1,811$1,347$987$714$510$246
28 years$1,727$1,269$917$654$460$215
29 years$1,650$1,198$854$600$416$187
30 years$1,578$1,131$795$550$376$164
31 years$1,510$1,069$741$505$340$143
32 years$1,447$1,012$692$464$307$125
33 years$1,388$958$646$427$278$109
34 years$1,332$908$603$393$252$95
35 years$1,280$861$564$362$228$83
36 years$1,231$817$528$333$207$73
37 years$1,184$776$494$307$187$64
38 years$1,140$738$463$283$170$56
39 years$1,099$702$433$261$154$49
40 years$1,060$667$406$241$140$43
41 years$1,022$635$381$222$127$37
42 years$987$605$357$205$115$33
43 years$953$577$335$189$104$29
44 years$921$550$315$175$95$25
45 years$890$524$296$161$86$22
46 years$861$500$278$149$78$19
47 years$833$477$261$138$71$17
48 years$807$455$245$127$64$15
49 years$781$435$230$118$58$13
50 years$757$415$217$109$53$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $775,000, adding $3,960 every year, while hoping to spend $33,345 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: 67/22/11 Blend
61$775,000$775,000$775,000$775,000
62$858,135$817,060$805,047$913,340
63$910,186$821,617$796,538$955,131
64$966,428$825,280$786,625$996,468
65$1,027,255$827,969$775,228$1,040,800
66$1,093,096$829,601$762,260$1,088,414
67$1,164,427$830,087$747,631$1,139,631
68$1,241,769$829,331$731,246$1,194,803
69$1,325,694$827,233$713,008$1,254,319
70$1,416,834$823,687$692,812$1,318,608
71$1,515,881$818,577$670,552$1,388,144
72$1,623,599$811,786$646,113$1,463,449
73$1,740,826$803,184$619,378$1,545,101
74$1,868,487$792,636$590,224$1,633,735
75$2,007,597$780,000$558,521$1,730,056
76$2,159,276$765,123$524,135$1,834,838
77$2,324,752$747,844$486,924$1,948,936
78$2,505,382$727,994$446,741$2,073,296
79$2,702,657$705,392$403,433$2,208,960
80$2,918,218$679,846$356,838$2,357,076
81$3,153,873$651,155$306,788$2,518,915
82$3,411,611$619,105$253,109$2,695,877
83$3,693,625$583,470$195,617$2,889,506
84$4,002,325$544,011$134,121$3,101,506
85$4,340,370$500,475$68,422$3,333,759
86$4,710,683$452,594$0$3,588,339
87$5,116,489$400,087$0$3,867,734
88$5,561,333$342,654$0$4,182,854
89$6,049,126$279,980$0$4,528,471
90$6,584,169$211,732$0$4,907,688
91$7,171,206$137,558$0$5,323,923
92$7,815,457$57,086$0$5,780,946
93$8,522,674$0$0$6,282,912
94$9,299,194$0$0$6,841,686
95$10,151,995$0$0$7,470,579
96$11,088,768$0$0$8,161,447
97$12,117,981$0$0$8,920,542
98$13,248,966$0$0$9,754,754
99$14,492,002$0$0$10,671,672
100$15,858,415$0$0$11,679,656