Can I retire at age 62 with 807,000?

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 $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%12.2%
1 years$66,641$66,048$65,469$64,903$64,351$63,759
2 years$32,991$32,376$31,781$31,203$30,643$30,047
3 years$21,775$21,158$20,564$19,992$19,441$18,859
4 years$16,169$15,554$14,966$14,403$13,866$13,302
5 years$12,806$12,194$11,614$11,063$10,541$9,996
6 years$10,564$9,957$9,386$8,847$8,340$7,817
7 years$8,964$8,362$7,800$7,274$6,783$6,281
8 years$7,764$7,168$6,615$6,102$5,627$5,146
9 years$6,832$6,241$5,697$5,197$4,739$4,279
10 years$6,086$5,501$4,967$4,480$4,038$3,598
11 years$5,476$4,897$4,373$3,899$3,473$3,053
12 years$4,969$4,396$3,881$3,420$3,009$2,610
13 years$4,539$3,972$3,467$3,019$2,624$2,244
14 years$4,172$3,611$3,115$2,680$2,300$1,939
15 years$3,854$3,298$2,813$2,390$2,025$1,683
16 years$3,575$3,026$2,550$2,140$1,790$1,465
17 years$3,330$2,787$2,321$1,923$1,587$1,280
18 years$3,112$2,575$2,118$1,733$1,411$1,121
19 years$2,918$2,387$1,939$1,566$1,258$983
20 years$2,743$2,218$1,780$1,418$1,124$865
21 years$2,585$2,066$1,637$1,287$1,005$761
22 years$2,441$1,929$1,509$1,170$901$671
23 years$2,310$1,804$1,393$1,066$809$593
24 years$2,191$1,690$1,288$972$727$524
25 years$2,081$1,586$1,193$888$654$464
26 years$1,979$1,491$1,107$812$589$411
27 years$1,885$1,403$1,028$743$531$364
28 years$1,799$1,322$955$681$479$323
29 years$1,718$1,247$889$624$433$286
30 years$1,643$1,178$828$573$391$254
31 years$1,572$1,113$772$526$354$226
32 years$1,507$1,053$720$484$320$201
33 years$1,445$998$673$445$290$178
34 years$1,387$945$628$409$262$158
35 years$1,333$897$588$377$237$141
36 years$1,282$851$550$347$215$125
37 years$1,233$808$514$320$195$112
38 years$1,188$768$482$295$177$99
39 years$1,144$731$451$272$160$88
40 years$1,103$695$423$251$145$79
41 years$1,064$662$397$231$132$70
42 years$1,027$630$372$213$120$62
43 years$992$600$349$197$109$56
44 years$959$572$328$182$99$49
45 years$927$546$308$168$90$44
46 years$897$521$289$155$81$39
47 years$868$497$272$143$74$35
48 years$840$474$255$132$67$31
49 years$813$453$240$122$61$28
50 years$788$433$225$113$55$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $807,000, adding $3,413 every year, while hoping to spend $28,460 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: 71/9/20 Blend
61$807,000$807,000$807,000$807,000
62$892,835$850,064$837,555$951,655
63$953,622$861,435$835,332$1,002,654
64$1,019,657$872,411$832,080$1,054,764
65$1,091,443$882,940$827,736$1,111,109
66$1,169,536$892,970$822,231$1,172,105
67$1,254,548$902,445$815,495$1,238,210
68$1,347,151$911,304$807,454$1,309,929
69$1,448,086$919,483$798,029$1,387,819
70$1,558,168$926,915$787,140$1,472,496
71$1,678,292$933,525$774,700$1,564,636
72$1,809,447$939,237$760,622$1,664,985
73$1,952,719$943,967$744,811$1,774,368
74$2,109,303$947,629$727,169$1,893,690
75$2,280,518$950,129$707,595$2,023,954
76$2,467,813$951,367$685,981$2,166,262
77$2,672,784$951,238$662,216$2,321,830
78$2,897,189$949,630$636,182$2,492,000
79$3,142,965$946,425$607,757$2,678,249
80$3,412,244$941,496$576,813$2,882,207
81$3,707,373$934,709$543,216$3,105,672
82$4,030,938$925,923$506,827$3,350,624
83$4,385,787$914,987$467,499$3,619,247
84$4,775,058$901,741$425,080$3,913,949
85$5,202,204$886,017$379,411$4,237,386
86$5,671,032$867,635$330,324$4,592,482
87$6,185,734$846,405$277,647$4,982,465
88$6,750,927$822,128$221,196$5,410,891
89$7,371,699$794,590$160,784$5,881,682
90$8,053,654$763,566$96,212$6,399,159
91$8,802,964$728,818$27,272$6,968,088
92$9,626,431$690,094$0$7,593,722
93$10,531,546$647,129$0$8,291,731
94$11,526,565$599,639$0$9,065,472
95$12,620,581$547,327$0$9,916,206
96$13,823,613$489,879$0$10,851,742
97$15,146,700$426,962$0$11,880,685
98$16,602,004$358,224$0$13,012,517
99$18,202,925$283,293$0$14,257,687
100$19,964,226$201,777$0$15,627,709