Can I retire at age 62 with 781,000?

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 $781,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$64,494$63,920$63,359$62,812$62,278$61,756
2 years$31,928$31,333$30,757$30,198$29,656$29,130
3 years$21,074$20,477$19,902$19,348$18,815$18,301
4 years$15,648$15,052$14,483$13,939$13,419$12,922
5 years$12,393$11,801$11,240$10,707$10,201$9,721
6 years$10,224$9,637$9,083$8,562$8,072$7,610
7 years$8,675$8,093$7,548$7,040$6,564$6,121
8 years$7,514$6,937$6,402$5,905$5,446$5,021
9 years$6,612$6,040$5,514$5,030$4,586$4,180
10 years$5,890$5,324$4,807$4,336$3,908$3,519
11 years$5,300$4,740$4,232$3,774$3,361$2,990
12 years$4,809$4,254$3,756$3,310$2,912$2,559
13 years$4,393$3,844$3,356$2,922$2,540$2,203
14 years$4,037$3,494$3,015$2,594$2,226$1,906
15 years$3,729$3,192$2,722$2,313$1,960$1,657
16 years$3,460$2,929$2,468$2,071$1,732$1,444
17 years$3,223$2,697$2,246$1,861$1,536$1,263
18 years$3,012$2,492$2,050$1,677$1,366$1,108
19 years$2,824$2,310$1,877$1,516$1,217$973
20 years$2,654$2,147$1,722$1,373$1,087$857
21 years$2,501$1,999$1,584$1,246$973$756
22 years$2,363$1,866$1,460$1,133$872$668
23 years$2,236$1,746$1,348$1,032$783$590
24 years$2,120$1,636$1,247$941$704$523
25 years$2,014$1,535$1,155$859$633$463
26 years$1,915$1,443$1,071$786$570$411
27 years$1,825$1,358$995$719$514$365
28 years$1,741$1,279$925$659$464$324
29 years$1,663$1,207$860$604$419$288
30 years$1,590$1,140$801$554$379$256
31 years$1,522$1,077$747$509$342$228
32 years$1,458$1,019$697$468$310$203
33 years$1,399$965$651$430$280$180
34 years$1,343$915$608$396$254$161
35 years$1,290$868$569$365$230$143
36 years$1,240$824$532$336$208$127
37 years$1,194$782$498$309$189$114
38 years$1,149$744$466$285$171$101
39 years$1,107$707$437$263$155$90
40 years$1,068$673$409$242$141$81
41 years$1,030$640$384$224$128$72
42 years$994$610$360$206$116$64
43 years$960$581$338$191$105$57
44 years$928$554$317$176$95$51
45 years$897$528$298$163$87$45
46 years$868$504$280$150$79$41
47 years$840$481$263$139$71$36
48 years$813$459$247$128$65$32
49 years$787$438$232$118$59$29
50 years$763$419$218$109$54$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $781,000, adding $5,705 every year, while hoping to spend $31,179 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: 64/9/27 Blend
61$781,000$781,000$781,000$781,000
62$866,547$825,154$813,048$915,475
63$921,760$832,412$807,111$956,519
64$981,561$838,981$799,930$997,394
65$1,046,383$844,794$791,431$1,041,374
66$1,116,705$849,780$781,535$1,088,767
67$1,193,053$853,863$770,160$1,139,916
68$1,276,005$856,964$757,222$1,195,196
69$1,366,199$858,996$742,630$1,255,024
70$1,464,333$859,869$726,290$1,319,858
71$1,571,179$859,486$708,104$1,390,206
72$1,687,584$857,745$687,970$1,466,626
73$1,814,480$854,538$665,780$1,549,738
74$1,952,895$849,749$641,422$1,640,222
75$2,103,959$843,255$614,778$1,738,832
76$2,268,915$834,926$585,725$1,846,398
77$2,449,133$824,626$554,135$1,963,838
78$2,646,119$812,207$519,874$2,092,163
79$2,861,534$797,517$482,801$2,232,490
80$3,097,205$780,390$442,769$2,386,051
81$3,355,145$760,653$399,626$2,554,208
82$3,637,567$738,123$353,212$2,738,460
83$3,946,913$712,605$303,358$2,940,464
84$4,285,870$683,894$249,892$3,162,045
85$4,657,395$651,771$192,630$3,405,221
86$5,064,749$616,008$131,382$3,672,215
87$5,511,520$576,359$65,951$3,965,480
88$6,001,662$532,567$0$4,287,722
89$6,539,529$484,361$0$4,643,044
90$7,129,919$431,452$0$5,053,970
91$7,778,114$373,536$0$5,505,178
92$8,489,934$310,293$0$6,000,741
93$9,271,792$241,381$0$6,545,149
94$10,130,749$166,443$0$7,143,349
95$11,074,587$85,101$0$7,800,792
96$12,111,877$0$0$8,523,485
97$13,252,063$0$0$9,318,350
98$14,505,548$0$0$10,201,524
99$15,883,794$0$0$11,172,661
100$17,399,430$0$0$12,240,668