Can I retire at age 62 with 807,000?

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 $807,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$66,641$66,048$65,469$64,903$64,351$63,207
2 years$32,991$32,376$31,781$31,203$30,643$29,495
3 years$21,775$21,158$20,564$19,992$19,441$18,324
4 years$16,169$15,554$14,966$14,403$13,866$12,788
5 years$12,806$12,194$11,614$11,063$10,541$9,506
6 years$10,564$9,957$9,386$8,847$8,340$7,349
7 years$8,964$8,362$7,800$7,274$6,783$5,836
8 years$7,764$7,168$6,615$6,102$5,627$4,724
9 years$6,832$6,241$5,697$5,197$4,739$3,880
10 years$6,086$5,501$4,967$4,480$4,038$3,221
11 years$5,476$4,897$4,373$3,899$3,473$2,698
12 years$4,969$4,396$3,881$3,420$3,009$2,275
13 years$4,539$3,972$3,467$3,019$2,624$1,930
14 years$4,172$3,611$3,115$2,680$2,300$1,645
15 years$3,854$3,298$2,813$2,390$2,025$1,407
16 years$3,575$3,026$2,550$2,140$1,790$1,207
17 years$3,330$2,787$2,321$1,923$1,587$1,039
18 years$3,112$2,575$2,118$1,733$1,411$896
19 years$2,918$2,387$1,939$1,566$1,258$774
20 years$2,743$2,218$1,780$1,418$1,124$670
21 years$2,585$2,066$1,637$1,287$1,005$581
22 years$2,441$1,929$1,509$1,170$901$504
23 years$2,310$1,804$1,393$1,066$809$438
24 years$2,191$1,690$1,288$972$727$381
25 years$2,081$1,586$1,193$888$654$332
26 years$1,979$1,491$1,107$812$589$289
27 years$1,885$1,403$1,028$743$531$252
28 years$1,799$1,322$955$681$479$219
29 years$1,718$1,247$889$624$433$191
30 years$1,643$1,178$828$573$391$167
31 years$1,572$1,113$772$526$354$146
32 years$1,507$1,053$720$484$320$127
33 years$1,445$998$673$445$290$111
34 years$1,387$945$628$409$262$97
35 years$1,333$897$588$377$237$85
36 years$1,282$851$550$347$215$74
37 years$1,233$808$514$320$195$65
38 years$1,188$768$482$295$177$57
39 years$1,144$731$451$272$160$50
40 years$1,103$695$423$251$145$43
41 years$1,064$662$397$231$132$38
42 years$1,027$630$372$213$120$33
43 years$992$600$349$197$109$29
44 years$959$572$328$182$99$25
45 years$927$546$308$168$90$22
46 years$897$521$289$155$81$19
47 years$868$497$272$143$74$17
48 years$840$474$255$132$67$15
49 years$813$453$240$122$61$13
50 years$788$433$225$113$55$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $807,000, adding $6,657 every year, while hoping to spend $55,970 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: 44/45/11 Blend
61$807,000$807,000$807,000$807,000
62$896,181$853,410$840,901$932,505
63$928,039$835,675$809,520$940,704
64$961,272$815,196$775,211$943,382
65$995,959$791,778$737,818$945,033
66$1,032,189$765,216$697,177$945,582
67$1,070,055$735,295$653,115$944,954
68$1,109,659$701,784$605,453$943,070
69$1,151,113$664,440$554,005$939,848
70$1,194,536$623,006$498,573$935,202
71$1,240,057$577,212$438,954$929,044
72$1,287,817$526,769$374,933$921,282
73$1,337,969$471,376$306,287$911,822
74$1,390,678$410,709$232,784$900,566
75$1,446,125$344,432$154,181$887,415
76$1,504,506$272,185$70,222$872,267
77$1,566,034$193,591$0$855,015
78$1,630,943$108,250$0$837,827
79$1,699,485$15,740$0$827,264
80$1,771,937$0$0$814,998
81$1,848,601$0$0$842,739
82$1,929,807$0$0$880,426
83$2,015,914$0$0$920,435
84$2,107,315$0$0$962,957
85$2,204,442$0$0$1,008,199
86$2,307,765$0$0$1,056,386
87$2,417,798$0$0$1,107,767
88$2,535,105$0$0$1,162,613
89$2,660,305$0$0$1,221,222
90$2,794,074$0$0$1,283,919
91$2,937,153$0$0$1,351,063
92$3,090,356$0$0$1,423,045
93$3,254,574$0$0$1,500,296
94$3,430,787$0$0$1,583,288
95$3,620,066$0$0$1,672,538
96$3,823,592$0$0$1,768,617
97$4,042,657$0$0$1,872,148
98$4,278,681$0$0$1,983,818
99$4,533,226$0$0$2,104,380
100$4,808,006$0$0$2,234,664