Can I retire at age 62 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$64,659$64,083$63,522$62,973$62,438$62,122
2 years$32,010$31,413$30,836$30,276$29,732$29,414
3 years$21,128$20,529$19,953$19,398$18,863$18,552
4 years$15,688$15,091$14,520$13,975$13,453$13,152
5 years$12,425$11,832$11,268$10,734$10,227$9,935
6 years$10,250$9,661$9,107$8,584$8,092$7,811
7 years$8,697$8,114$7,568$7,058$6,581$6,311
8 years$7,533$6,955$6,418$5,920$5,460$5,200
9 years$6,629$6,055$5,528$5,043$4,598$4,349
10 years$5,905$5,338$4,819$4,347$3,918$3,679
11 years$5,314$4,752$4,243$3,783$3,369$3,141
12 years$4,821$4,265$3,765$3,318$2,920$2,702
13 years$4,404$3,854$3,364$2,930$2,546$2,339
14 years$4,048$3,503$3,023$2,601$2,232$2,034
15 years$3,739$3,200$2,729$2,319$1,965$1,777
16 years$3,469$2,936$2,474$2,077$1,737$1,558
17 years$3,231$2,704$2,252$1,866$1,540$1,370
18 years$3,020$2,499$2,055$1,682$1,369$1,208
19 years$2,831$2,316$1,882$1,519$1,220$1,068
20 years$2,661$2,152$1,727$1,376$1,090$946
21 years$2,508$2,005$1,588$1,249$976$839
22 years$2,369$1,871$1,464$1,136$874$745
23 years$2,242$1,750$1,352$1,034$785$663
24 years$2,125$1,640$1,250$943$706$591
25 years$2,019$1,539$1,158$861$635$527
26 years$1,920$1,446$1,074$788$572$470
27 years$1,829$1,361$997$721$516$420
28 years$1,745$1,283$927$661$465$375
29 years$1,667$1,210$863$606$420$336
30 years$1,594$1,143$803$556$380$300
31 years$1,526$1,080$749$511$343$269
32 years$1,462$1,022$699$469$310$241
33 years$1,402$968$653$431$281$216
34 years$1,346$917$610$397$254$194
35 years$1,293$870$570$365$230$174
36 years$1,244$826$533$337$209$156
37 years$1,197$784$499$310$189$140
38 years$1,152$745$467$286$172$125
39 years$1,110$709$438$264$156$113
40 years$1,070$674$410$243$141$101
41 years$1,033$642$385$224$128$91
42 years$997$611$361$207$116$81
43 years$963$583$339$191$105$73
44 years$930$555$318$176$96$66
45 years$899$529$299$163$87$59
46 years$870$505$280$150$79$53
47 years$842$482$263$139$72$48
48 years$815$460$248$128$65$43
49 years$789$439$233$119$59$39
50 years$764$420$219$110$54$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $783,000, adding $4,979 every year, while hoping to spend $44,760 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: 63/32/5 Blend
61$783,000$783,000$783,000$783,000
62$868,002$826,503$814,366$921,723
63$908,914$819,377$794,023$950,989
64$952,498$810,402$771,499$977,194
65$998,981$799,440$746,672$1,004,629
66$1,048,610$786,345$719,417$1,033,410
67$1,101,653$770,961$689,603$1,063,665
68$1,158,409$753,125$657,092$1,095,540
69$1,219,202$732,664$621,740$1,129,194
70$1,284,389$709,393$583,397$1,164,805
71$1,354,361$683,117$541,905$1,202,572
72$1,429,548$653,632$497,101$1,242,715
73$1,510,421$620,719$448,813$1,285,480
74$1,597,497$584,147$396,861$1,331,140
75$1,691,344$543,673$341,059$1,379,997
76$1,792,588$499,040$281,211$1,432,388
77$1,901,913$449,974$217,113$1,488,689
78$2,020,074$396,188$148,551$1,549,315
79$2,147,898$337,378$75,304$1,614,726
80$2,286,296$273,222$0$1,685,437
81$2,436,270$203,381$0$1,762,167
82$2,598,918$127,496$0$1,849,693
83$2,775,453$45,188$0$1,944,706
84$2,967,205$0$0$2,047,996
85$3,175,638$0$0$2,175,911
86$3,402,363$0$0$2,332,410
87$3,649,153$0$0$2,502,810
88$3,917,957$0$0$2,688,464
89$4,210,922$0$0$2,890,862
90$4,530,409$0$0$3,111,642
91$4,879,019$0$0$3,352,608
92$5,259,611$0$0$3,615,745
93$5,675,336$0$0$3,903,239
94$6,129,662$0$0$4,217,496
95$6,626,404$0$0$4,561,165
96$7,169,768$0$0$4,937,164
97$7,764,380$0$0$5,348,702
98$8,415,336$0$0$5,799,319
99$9,128,248$0$0$6,292,907
100$9,909,295$0$0$6,833,756