Can I retire at age 62 with 799,000?

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 $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$65,981$65,393$64,820$64,260$63,713$61,872
2 years$32,664$32,055$31,466$30,894$30,340$28,499
3 years$21,559$20,949$20,360$19,794$19,249$17,467
4 years$16,008$15,399$14,817$14,261$13,728$12,019
5 years$12,679$12,073$11,499$10,954$10,436$8,803
6 years$10,460$9,859$9,293$8,760$8,258$6,703
7 years$8,875$8,279$7,722$7,202$6,716$5,240
8 years$7,687$7,097$6,549$6,041$5,571$4,173
9 years$6,764$6,179$5,641$5,146$4,692$3,369
10 years$6,026$5,447$4,918$4,436$3,998$2,749
11 years$5,422$4,849$4,329$3,860$3,438$2,262
12 years$4,919$4,352$3,842$3,386$2,979$1,873
13 years$4,494$3,933$3,433$2,989$2,598$1,559
14 years$4,131$3,575$3,084$2,654$2,278$1,304
15 years$3,815$3,266$2,785$2,367$2,005$1,094
16 years$3,540$2,996$2,525$2,119$1,772$920
17 years$3,297$2,759$2,298$1,904$1,571$776
18 years$3,081$2,550$2,097$1,716$1,397$656
19 years$2,889$2,363$1,920$1,550$1,245$555
20 years$2,716$2,196$1,762$1,404$1,112$470
21 years$2,559$2,045$1,621$1,274$995$399
22 years$2,417$1,909$1,494$1,159$892$339
23 years$2,287$1,786$1,379$1,055$801$288
24 years$2,169$1,673$1,276$962$720$245
25 years$2,060$1,570$1,181$879$648$208
26 years$1,960$1,476$1,096$804$584$178
27 years$1,867$1,389$1,017$736$526$151
28 years$1,781$1,309$946$674$475$129
29 years$1,701$1,235$880$618$429$110
30 years$1,626$1,166$820$567$387$94
31 years$1,557$1,102$764$521$350$80
32 years$1,492$1,043$713$479$317$68
33 years$1,431$988$666$440$287$58
34 years$1,374$936$622$405$260$50
35 years$1,320$888$582$373$235$42
36 years$1,269$843$544$343$213$36
37 years$1,221$800$509$316$193$31
38 years$1,176$761$477$292$175$26
39 years$1,133$723$447$269$159$22
40 years$1,092$688$419$248$144$19
41 years$1,054$655$393$229$131$16
42 years$1,017$624$368$211$119$14
43 years$982$594$346$195$108$12
44 years$949$567$324$180$98$10
45 years$918$540$305$166$89$9
46 years$888$515$286$154$80$7
47 years$859$492$269$142$73$6
48 years$831$470$253$131$66$5
49 years$805$448$237$121$60$5
50 years$780$428$223$112$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $799,000, adding $4,658 every year, while hoping to spend $41,387 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: 26/46/28 Blend
61$799,000$799,000$799,000$799,000
62$885,303$842,956$830,571$900,487
63$931,568$840,225$814,360$910,588
64$981,166$835,974$796,218$917,578
65$1,034,391$830,083$776,038$924,230
66$1,091,570$822,428$753,706$930,543
67$1,153,058$812,875$729,104$936,520
68$1,219,248$801,284$702,107$942,171
69$1,290,570$787,505$672,586$947,509
70$1,367,495$771,380$640,405$952,554
71$1,450,544$752,742$605,422$957,333
72$1,540,286$731,413$567,490$961,881
73$1,637,347$707,204$526,454$966,241
74$1,742,418$679,918$482,151$970,470
75$1,856,254$649,344$434,413$974,633
76$1,979,689$615,260$383,063$978,810
77$2,113,639$577,429$327,917$983,098
78$2,259,111$535,603$268,783$987,608
79$2,417,211$489,519$205,458$992,474
80$2,589,160$438,898$137,734$997,850
81$2,776,297$383,447$65,391$1,003,914
82$2,980,098$322,855$0$1,010,873
83$3,202,187$256,793$0$1,022,494
84$3,444,349$184,915$0$1,056,598
85$3,708,551$106,854$0$1,094,016
86$3,996,957$22,224$0$1,135,179
87$4,311,950$0$0$1,180,572
88$4,656,152$0$0$1,265,860
89$5,032,451$0$0$1,371,528
90$5,444,026$0$0$1,487,236
91$5,894,377$0$0$1,613,984
92$6,387,357$0$0$1,752,875
93$6,927,212$0$0$1,905,121
94$7,518,616$0$0$2,072,061
95$8,166,714$0$0$2,255,165
96$8,877,176$0$0$2,456,057
97$9,656,246$0$0$2,676,522
98$10,510,798$0$0$2,918,527
99$11,448,408$0$0$3,184,241
100$12,477,418$0$0$3,476,050