Can I retire at age 62 with 780,000?

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 $780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$64,412$63,838$63,278$62,732$62,198$59,991
2 years$31,887$31,293$30,718$30,160$29,618$27,418
3 years$21,047$20,450$19,876$19,323$18,791$16,667
4 years$15,628$15,033$14,465$13,921$13,402$11,371
5 years$12,377$11,786$11,225$10,693$10,188$8,254
6 years$10,211$9,624$9,072$8,551$8,061$6,227
7 years$8,664$8,082$7,539$7,031$6,556$4,820
8 years$7,505$6,928$6,393$5,898$5,439$3,800
9 years$6,603$6,032$5,507$5,024$4,580$3,037
10 years$5,882$5,317$4,801$4,330$3,903$2,452
11 years$5,293$4,734$4,227$3,769$3,356$1,995
12 years$4,803$4,249$3,751$3,306$2,909$1,634
13 years$4,388$3,839$3,351$2,918$2,536$1,344
14 years$4,032$3,490$3,011$2,591$2,223$1,111
15 years$3,725$3,188$2,719$2,310$1,958$921
16 years$3,456$2,925$2,465$2,069$1,730$765
17 years$3,219$2,694$2,243$1,859$1,534$637
18 years$3,008$2,489$2,047$1,675$1,364$532
19 years$2,820$2,307$1,874$1,514$1,216$444
20 years$2,651$2,144$1,720$1,371$1,086$372
21 years$2,498$1,997$1,582$1,244$972$311
22 years$2,359$1,864$1,458$1,131$871$261
23 years$2,233$1,743$1,346$1,030$782$219
24 years$2,117$1,633$1,245$940$703$184
25 years$2,011$1,533$1,153$858$632$154
26 years$1,913$1,441$1,070$785$570$129
27 years$1,822$1,356$993$718$514$109
28 years$1,738$1,278$923$658$463$91
29 years$1,660$1,205$859$603$418$77
30 years$1,588$1,138$800$554$378$65
31 years$1,520$1,076$746$509$342$54
32 years$1,456$1,018$696$467$309$46
33 years$1,397$964$650$430$280$38
34 years$1,341$914$607$395$253$32
35 years$1,288$867$568$364$229$27
36 years$1,239$823$531$335$208$23
37 years$1,192$781$497$309$188$19
38 years$1,148$743$466$285$171$16
39 years$1,106$706$436$263$155$14
40 years$1,066$672$409$242$141$11
41 years$1,029$639$383$223$127$10
42 years$993$609$360$206$116$8
43 years$959$580$337$190$105$7
44 years$927$553$317$176$95$6
45 years$896$527$297$162$87$5
46 years$867$503$279$150$79$4
47 years$839$480$262$139$71$3
48 years$812$458$247$128$65$3
49 years$786$438$232$118$59$2
50 years$762$418$218$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $780,000, adding $5,571 every year, while hoping to spend $29,781 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: 78/11/11 Blend
61$780,000$780,000$780,000$780,000
62$865,306$823,966$811,876$930,649
63$921,881$832,654$807,388$983,088
64$983,228$840,769$801,750$1,036,204
65$1,049,803$848,252$794,894$1,093,604
66$1,122,106$855,040$786,747$1,155,704
67$1,200,689$861,065$777,231$1,222,962
68$1,286,157$866,256$766,266$1,295,879
69$1,379,178$870,535$753,769$1,375,013
70$1,480,485$873,821$739,650$1,460,972
71$1,590,884$876,029$723,819$1,554,432
72$1,711,265$877,065$706,178$1,656,134
73$1,842,606$876,833$686,626$1,766,897
74$1,985,982$875,228$665,058$1,887,621
75$2,142,578$872,140$641,364$2,019,299
76$2,313,700$867,453$615,428$2,163,027
77$2,500,781$861,043$587,129$2,320,011
78$2,705,405$852,778$556,342$2,491,580
79$2,929,310$842,518$522,933$2,679,199
80$3,174,415$830,116$486,766$2,884,483
81$3,442,829$815,416$447,697$3,109,213
82$3,736,876$798,250$405,574$3,355,350
83$4,059,118$778,445$360,241$3,625,056
84$4,412,372$755,813$311,533$3,920,715
85$4,799,743$730,157$259,279$4,244,953
86$5,224,652$701,270$203,300$4,600,665
87$5,690,865$668,930$143,408$4,991,043
88$6,202,530$632,904$79,409$5,419,603
89$6,764,217$592,946$11,099$5,890,223
90$7,380,961$548,794$0$6,407,175
91$8,058,307$500,173$0$6,982,422
92$8,802,364$446,791$0$7,615,764
93$9,619,861$388,340$0$8,311,645
94$10,518,212$324,493$0$9,076,401
95$11,505,584$254,908$0$9,917,012
96$12,590,975$179,220$0$10,841,169
97$13,784,298$97,045$0$11,857,351
98$15,096,475$7,979$0$12,974,897
99$16,539,539$0$0$14,204,101
100$18,126,747$0$0$15,567,007