Can I retire at age 62 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$64,247$63,674$63,116$62,571$62,039$59,672
2 years$31,805$31,213$30,639$30,082$29,542$27,185
3 years$20,993$20,398$19,825$19,274$18,743$16,470
4 years$15,588$14,995$14,428$13,886$13,368$11,196
5 years$12,346$11,756$11,197$10,666$10,162$8,098
6 years$10,185$9,600$9,048$8,529$8,041$6,085
7 years$8,642$8,062$7,519$7,012$6,539$4,692
8 years$7,485$6,910$6,377$5,883$5,425$3,684
9 years$6,586$6,017$5,492$5,011$4,569$2,931
10 years$5,867$5,303$4,788$4,319$3,893$2,356
11 years$5,280$4,721$4,216$3,759$3,348$1,909
12 years$4,790$4,238$3,741$3,297$2,901$1,556
13 years$4,376$3,830$3,343$2,911$2,530$1,274
14 years$4,022$3,481$3,003$2,584$2,218$1,047
15 years$3,715$3,180$2,712$2,304$1,953$864
16 years$3,447$2,918$2,458$2,063$1,726$714
17 years$3,210$2,687$2,237$1,854$1,530$592
18 years$3,000$2,483$2,042$1,671$1,361$491
19 years$2,813$2,301$1,870$1,510$1,213$408
20 years$2,644$2,138$1,716$1,367$1,083$340
21 years$2,492$1,992$1,578$1,241$969$283
22 years$2,353$1,859$1,455$1,128$869$236
23 years$2,227$1,739$1,343$1,028$780$197
24 years$2,112$1,629$1,242$937$701$164
25 years$2,006$1,529$1,150$856$631$137
26 years$1,908$1,437$1,067$783$568$114
27 years$1,818$1,352$991$716$512$96
28 years$1,734$1,274$921$656$462$80
29 years$1,656$1,202$857$602$417$67
30 years$1,584$1,135$798$552$377$56
31 years$1,516$1,073$744$507$341$47
32 years$1,453$1,016$694$466$308$39
33 years$1,393$962$648$429$279$33
34 years$1,338$911$606$394$253$27
35 years$1,285$865$566$363$229$23
36 years$1,236$821$530$334$207$19
37 years$1,189$779$496$308$188$16
38 years$1,145$741$464$284$170$13
39 years$1,103$704$435$262$155$11
40 years$1,064$670$408$242$140$9
41 years$1,026$638$382$223$127$8
42 years$991$607$359$206$115$7
43 years$957$579$337$190$105$5
44 years$924$552$316$175$95$5
45 years$894$526$297$162$86$4
46 years$864$502$279$150$78$3
47 years$836$479$262$138$71$3
48 years$810$457$246$128$65$2
49 years$784$437$231$118$59$2
50 years$760$417$217$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $778,000, adding $4,500 every year, while hoping to spend $50,094 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: 43/40/17 Blend
61$778,000$778,000$778,000$778,000
62$861,998$820,764$808,705$894,623
63$896,622$807,682$782,497$904,943
64$933,099$792,279$753,732$910,828
65$971,564$774,391$722,271$916,141
66$1,012,167$753,839$687,971$920,855
67$1,055,069$730,438$650,678$924,940
68$1,100,446$703,989$610,236$928,371
69$1,148,491$674,284$566,478$931,120
70$1,199,414$641,101$519,232$933,166
71$1,253,445$604,206$468,318$934,487
72$1,310,835$563,351$413,545$935,065
73$1,371,860$518,275$354,719$934,886
74$1,436,820$468,701$291,632$933,941
75$1,506,045$414,336$224,071$932,226
76$1,579,894$354,871$151,810$929,741
77$1,658,764$289,980$74,616$926,497
78$1,743,086$219,317$0$922,511
79$1,833,336$142,519$0$919,218
80$1,930,033$59,199$0$929,785
81$2,033,749$0$0$940,761
82$2,145,110$0$0$965,930
83$2,264,803$0$0$1,021,055
84$2,393,583$0$0$1,080,436
85$2,532,279$0$0$1,144,464
86$2,681,799$0$0$1,213,568
87$2,843,145$0$0$1,288,221
88$3,017,413$0$0$1,368,940
89$3,205,811$0$0$1,456,296
90$3,409,665$0$0$1,550,916
91$3,630,434$0$0$1,653,489
92$3,869,720$0$0$1,764,772
93$4,129,286$0$0$1,885,598
94$4,411,071$0$0$2,016,885
95$4,717,206$0$0$2,159,640
96$5,050,038$0$0$2,314,972
97$5,412,147$0$0$2,484,103
98$5,806,371$0$0$2,668,375
99$6,235,835$0$0$2,869,265
100$6,703,977$0$0$3,088,401