Can I retire at age 62 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$64,825$64,247$63,684$63,134$62,597$61,258
2 years$32,091$31,494$30,914$30,353$29,808$28,466
3 years$21,182$20,581$20,004$19,447$18,911$17,607
4 years$15,728$15,130$14,558$14,011$13,488$12,232
5 years$12,457$11,862$11,297$10,762$10,253$9,050
6 years$10,276$9,686$9,130$8,606$8,113$6,963
7 years$8,720$8,134$7,587$7,076$6,598$5,501
8 years$7,553$6,973$6,434$5,936$5,474$4,430
9 years$6,646$6,071$5,542$5,056$4,610$3,618
10 years$5,920$5,351$4,832$4,358$3,928$2,988
11 years$5,327$4,764$4,254$3,793$3,378$2,488
12 years$4,833$4,276$3,775$3,327$2,927$2,086
13 years$4,416$3,864$3,373$2,937$2,553$1,759
14 years$4,058$3,512$3,030$2,607$2,238$1,490
15 years$3,749$3,209$2,736$2,325$1,970$1,266
16 years$3,478$2,944$2,481$2,082$1,741$1,080
17 years$3,239$2,711$2,257$1,871$1,544$923
18 years$3,027$2,505$2,061$1,686$1,373$791
19 years$2,838$2,322$1,886$1,523$1,224$679
20 years$2,668$2,158$1,731$1,380$1,093$584
21 years$2,514$2,010$1,592$1,252$978$503
22 years$2,375$1,876$1,468$1,138$877$433
23 years$2,247$1,755$1,355$1,037$787$374
24 years$2,131$1,644$1,253$946$707$323
25 years$2,024$1,543$1,161$864$636$279
26 years$1,925$1,450$1,077$790$573$241
27 years$1,834$1,365$1,000$723$517$209
28 years$1,750$1,286$929$662$466$181
29 years$1,671$1,213$865$607$421$156
30 years$1,598$1,146$806$557$381$135
31 years$1,530$1,083$751$512$344$117
32 years$1,466$1,025$701$470$311$102
33 years$1,406$970$654$433$282$88
34 years$1,350$920$611$398$255$76
35 years$1,297$872$571$366$231$66
36 years$1,247$828$535$337$209$57
37 years$1,200$786$500$311$190$50
38 years$1,155$747$469$287$172$43
39 years$1,113$711$439$264$156$38
40 years$1,073$676$411$244$141$33
41 years$1,035$644$386$225$128$28
42 years$999$613$362$208$116$24
43 years$965$584$340$192$106$21
44 years$933$557$319$177$96$18
45 years$902$531$299$163$87$16
46 years$872$506$281$151$79$14
47 years$844$483$264$139$72$12
48 years$817$461$248$129$65$10
49 years$791$441$233$119$59$9
50 years$766$421$219$110$54$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $785,000, adding $4,296 every year, while hoping to spend $57,246 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: 38/40/22 Blend
61$785,000$785,000$785,000$785,000
62$869,501$827,896$815,729$896,679
63$897,281$807,554$782,146$896,435
64$925,976$784,296$745,520$890,491
65$955,618$757,920$705,688$882,910
66$986,243$728,209$662,480$873,578
67$1,017,886$694,937$615,719$862,374
68$1,050,584$657,863$565,220$849,171
69$1,084,377$616,732$510,788$833,834
70$1,119,305$571,274$452,222$816,223
71$1,155,413$521,205$389,309$796,186
72$1,192,744$466,223$321,831$773,568
73$1,231,347$406,011$249,555$748,202
74$1,271,272$340,232$172,242$719,913
75$1,312,569$268,532$89,640$688,518
76$1,355,296$190,534$1,487$653,822
77$1,399,509$105,843$0$615,621
78$1,445,270$14,041$0$595,435
79$1,492,643$0$0$573,090
80$1,541,697$0$0$585,620
81$1,592,504$0$0$605,006
82$1,645,141$0$0$625,099
83$1,699,687$0$0$645,931
84$1,756,230$0$0$667,535
85$1,814,860$0$0$689,948
86$1,875,674$0$0$713,208
87$1,938,776$0$0$737,357
88$2,004,276$0$0$762,438
89$2,072,290$0$0$788,498
90$2,142,944$0$0$815,588
91$2,216,373$0$0$843,760
92$2,292,719$0$0$873,074
93$2,372,136$0$0$903,589
94$2,454,789$0$0$935,373
95$2,540,854$0$0$968,497
96$2,630,522$0$0$1,003,038
97$2,723,996$0$0$1,039,078
98$2,821,498$0$0$1,076,706
99$2,923,264$0$0$1,116,020
100$3,029,550$0$0$1,157,122