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%17.4%
1 years$64,247$63,674$63,116$62,571$62,039$60,173
2 years$31,805$31,213$30,639$30,082$29,542$27,679
3 years$20,993$20,398$19,825$19,274$18,743$16,939
4 years$15,588$14,995$14,428$13,886$13,368$11,638
5 years$12,346$11,756$11,197$10,666$10,162$8,511
6 years$10,185$9,600$9,048$8,529$8,041$6,470
7 years$8,642$8,062$7,519$7,012$6,539$5,049
8 years$7,485$6,910$6,377$5,883$5,425$4,014
9 years$6,586$6,017$5,492$5,011$4,569$3,235
10 years$5,867$5,303$4,788$4,319$3,893$2,635
11 years$5,280$4,721$4,216$3,759$3,348$2,164
12 years$4,790$4,238$3,741$3,297$2,901$1,788
13 years$4,376$3,830$3,343$2,911$2,530$1,486
14 years$4,022$3,481$3,003$2,584$2,218$1,239
15 years$3,715$3,180$2,712$2,304$1,953$1,037
16 years$3,447$2,918$2,458$2,063$1,726$871
17 years$3,210$2,687$2,237$1,854$1,530$733
18 years$3,000$2,483$2,042$1,671$1,361$618
19 years$2,813$2,301$1,870$1,510$1,213$522
20 years$2,644$2,138$1,716$1,367$1,083$441
21 years$2,492$1,992$1,578$1,241$969$373
22 years$2,353$1,859$1,455$1,128$869$316
23 years$2,227$1,739$1,343$1,028$780$268
24 years$2,112$1,629$1,242$937$701$228
25 years$2,006$1,529$1,150$856$631$193
26 years$1,908$1,437$1,067$783$568$164
27 years$1,818$1,352$991$716$512$140
28 years$1,734$1,274$921$656$462$119
29 years$1,656$1,202$857$602$417$101
30 years$1,584$1,135$798$552$377$86
31 years$1,516$1,073$744$507$341$73
32 years$1,453$1,016$694$466$308$62
33 years$1,393$962$648$429$279$53
34 years$1,338$911$606$394$253$45
35 years$1,285$865$566$363$229$38
36 years$1,236$821$530$334$207$33
37 years$1,189$779$496$308$188$28
38 years$1,145$741$464$284$170$24
39 years$1,103$704$435$262$155$20
40 years$1,064$670$408$242$140$17
41 years$1,026$638$382$223$127$15
42 years$991$607$359$206$115$12
43 years$957$579$337$190$105$11
44 years$924$552$316$175$95$9
45 years$894$526$297$162$86$8
46 years$864$502$279$150$78$7
47 years$836$479$262$138$71$6
48 years$810$457$246$128$65$5
49 years$784$437$231$118$59$4
50 years$760$417$217$109$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $778,000, adding $2,271 every year, while hoping to spend $50,707 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: 41/44/15 Blend
61$778,000$778,000$778,000$778,000
62$859,699$818,465$806,406$891,052
63$893,436$804,617$779,468$899,579
64$928,915$788,392$749,929$903,657
65$966,260$769,619$717,647$906,981
66$1,005,606$748,118$682,476$909,506
67$1,047,100$723,698$644,261$911,185
68$1,090,902$696,157$602,842$911,975
69$1,137,188$665,283$558,051$911,830
70$1,186,148$630,848$509,712$910,703
71$1,237,990$592,615$457,643$908,552
72$1,292,942$550,330$401,651$905,332
73$1,351,253$503,727$341,537$901,002
74$1,413,193$452,522$277,091$895,522
75$1,479,062$396,418$208,096$888,855
76$1,549,183$335,099$134,324$880,967
77$1,623,912$268,233$55,537$871,828
78$1,703,641$195,466$0$861,415
79$1,788,796$116,427$0$854,276
80$1,879,846$30,724$0$855,615
81$1,977,303$0$0$856,575
82$2,081,731$0$0$887,253
83$2,193,746$0$0$936,185
84$2,314,027$0$0$988,798
85$2,443,318$0$0$1,045,427
86$2,582,433$0$0$1,106,439
87$2,732,270$0$0$1,172,237
88$2,893,813$0$0$1,243,264
89$3,068,143$0$0$1,320,007
90$3,256,449$0$0$1,403,001
91$3,460,035$0$0$1,492,833
92$3,680,337$0$0$1,590,149
93$3,918,932$0$0$1,695,661
94$4,177,555$0$0$1,810,150
95$4,458,112$0$0$1,934,475
96$4,762,702$0$0$2,069,581
97$5,093,630$0$0$2,216,509
98$5,453,434$0$0$2,376,401
99$5,844,907$0$0$2,550,518
100$6,271,119$0$0$2,740,244