Can I retire at age 62 with 779,000?

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 $779,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$64,329$63,756$63,197$62,651$62,119$61,342
2 years$31,846$31,253$30,678$30,121$29,580$28,799
3 years$21,020$20,424$19,851$19,299$18,767$18,005
4 years$15,608$15,014$14,446$13,904$13,385$12,648
5 years$12,361$11,771$11,211$10,679$10,175$9,466
6 years$10,198$9,612$9,060$8,540$8,051$7,370
7 years$8,653$8,072$7,529$7,021$6,548$5,896
8 years$7,495$6,919$6,385$5,890$5,432$4,808
9 years$6,595$6,025$5,500$5,017$4,574$3,979
10 years$5,875$5,310$4,795$4,325$3,898$3,330
11 years$5,286$4,727$4,221$3,764$3,352$2,812
12 years$4,796$4,243$3,746$3,301$2,905$2,391
13 years$4,382$3,835$3,347$2,915$2,533$2,046
14 years$4,027$3,485$3,007$2,587$2,221$1,759
15 years$3,720$3,184$2,715$2,307$1,955$1,518
16 years$3,451$2,921$2,462$2,066$1,728$1,314
17 years$3,215$2,690$2,240$1,856$1,532$1,141
18 years$3,004$2,486$2,045$1,673$1,362$994
19 years$2,816$2,304$1,872$1,512$1,214$867
20 years$2,648$2,141$1,718$1,369$1,085$758
21 years$2,495$1,994$1,580$1,243$971$663
22 years$2,356$1,862$1,456$1,130$870$581
23 years$2,230$1,741$1,345$1,029$781$510
24 years$2,115$1,631$1,244$938$702$448
25 years$2,008$1,531$1,152$857$632$394
26 years$1,911$1,439$1,068$784$569$347
27 years$1,820$1,354$992$717$513$305
28 years$1,736$1,276$922$657$463$269
29 years$1,658$1,204$858$603$418$237
30 years$1,586$1,137$799$553$378$209
31 years$1,518$1,075$745$508$341$185
32 years$1,455$1,017$695$467$309$163
33 years$1,395$963$649$429$279$144
34 years$1,339$913$607$395$253$127
35 years$1,287$866$567$364$229$112
36 years$1,237$822$531$335$208$99
37 years$1,191$780$497$309$188$88
38 years$1,146$742$465$284$171$77
39 years$1,105$705$436$262$155$68
40 years$1,065$671$408$242$140$61
41 years$1,027$639$383$223$127$54
42 years$992$608$359$206$116$47
43 years$958$580$337$190$105$42
44 years$926$552$316$176$95$37
45 years$895$527$297$162$86$33
46 years$865$503$279$150$78$29
47 years$837$480$262$138$71$26
48 years$811$458$246$128$65$23
49 years$785$437$232$118$59$20
50 years$761$418$218$109$53$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $779,000, adding $5,587 every year, while hoping to spend $54,776 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: 56/18/26 Blend
61$779,000$779,000$779,000$779,000
62$864,221$822,934$810,859$906,170
63$894,090$804,977$779,742$917,632
64$925,170$784,303$745,746$923,911
65$957,527$760,723$708,718$929,618
66$991,231$734,035$668,496$934,715
67$1,026,357$704,023$624,912$939,165
68$1,062,988$670,463$577,789$942,926
69$1,101,212$633,115$526,944$945,960
70$1,141,123$591,725$472,184$948,225
71$1,182,824$546,026$413,308$949,681
72$1,226,426$495,735$350,108$950,286
73$1,272,048$440,553$282,363$949,998
74$1,319,820$380,163$209,846$948,777
75$1,369,883$314,232$132,317$946,583
76$1,422,388$242,407$49,527$943,375
77$1,477,502$164,315$0$939,117
78$1,535,403$79,562$0$944,541
79$1,596,287$0$0$964,207
80$1,660,365$0$0$986,838
81$1,727,869$0$0$1,027,305
82$1,799,050$0$0$1,070,004
83$1,874,182$0$0$1,115,102
84$1,953,564$0$0$1,162,783
85$2,037,522$0$0$1,213,247
86$2,126,411$0$0$1,266,711
87$2,220,620$0$0$1,323,415
88$2,320,574$0$0$1,383,619
89$2,426,737$0$0$1,447,608
90$2,539,616$0$0$1,515,694
91$2,659,769$0$0$1,588,219
92$2,787,801$0$0$1,665,555
93$2,924,380$0$0$1,748,113
94$3,070,235$0$0$1,836,341
95$3,226,166$0$0$1,930,730
96$3,393,049$0$0$2,031,821
97$3,571,845$0$0$2,140,203
98$3,763,609$0$0$2,256,527
99$3,969,496$0$0$2,381,503
100$4,190,778$0$0$2,515,913