Can I retire at age 62 with 809,000?

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 $809,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$66,806$66,211$65,631$65,064$64,511$62,773
2 years$33,073$32,457$31,860$31,281$30,719$28,981
3 years$21,829$21,211$20,615$20,042$19,490$17,805
4 years$16,209$15,592$15,003$14,439$13,900$12,282
5 years$12,837$12,224$11,643$11,091$10,567$9,020
6 years$10,591$9,982$9,409$8,869$8,361$6,887
7 years$8,986$8,383$7,819$7,292$6,800$5,399
8 years$7,784$7,186$6,631$6,117$5,641$4,312
9 years$6,849$6,257$5,711$5,210$4,751$3,492
10 years$6,101$5,515$4,979$4,491$4,048$2,859
11 years$5,490$4,910$4,384$3,909$3,481$2,360
12 years$4,981$4,407$3,890$3,429$3,017$1,961
13 years$4,551$3,982$3,476$3,027$2,631$1,638
14 years$4,182$3,620$3,123$2,687$2,306$1,374
15 years$3,863$3,307$2,820$2,396$2,030$1,156
16 years$3,584$3,034$2,556$2,146$1,794$976
17 years$3,338$2,794$2,326$1,928$1,591$826
18 years$3,120$2,582$2,124$1,737$1,415$701
19 years$2,925$2,393$1,944$1,570$1,261$595
20 years$2,750$2,223$1,784$1,422$1,126$506
21 years$2,591$2,071$1,641$1,290$1,008$431
22 years$2,447$1,933$1,512$1,173$903$368
23 years$2,316$1,808$1,397$1,068$811$314
24 years$2,196$1,694$1,292$975$729$268
25 years$2,086$1,590$1,196$890$656$229
26 years$1,984$1,494$1,109$814$591$196
27 years$1,890$1,406$1,030$745$533$167
28 years$1,803$1,325$958$682$481$143
29 years$1,722$1,250$891$626$434$123
30 years$1,647$1,181$830$574$392$105
31 years$1,576$1,116$774$527$355$90
32 years$1,511$1,056$722$485$321$77
33 years$1,449$1,000$674$446$290$66
34 years$1,391$948$630$410$263$57
35 years$1,336$899$589$378$238$48
36 years$1,285$853$551$348$216$42
37 years$1,236$810$516$320$195$36
38 years$1,191$770$483$295$177$31
39 years$1,147$732$452$272$161$26
40 years$1,106$697$424$251$146$22
41 years$1,067$663$398$232$132$19
42 years$1,030$632$373$214$120$16
43 years$995$602$350$197$109$14
44 years$961$574$329$182$99$12
45 years$929$547$308$168$90$10
46 years$899$522$290$155$81$9
47 years$870$498$272$144$74$8
48 years$842$475$256$133$67$7
49 years$815$454$240$123$61$6
50 years$790$434$226$113$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $809,000, adding $3,819 every year, while hoping to spend $25,143 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: 47/37/16 Blend
61$809,000$809,000$809,000$809,000
62$895,457$852,580$840,041$933,333
63$960,042$867,605$841,430$975,037
64$1,030,372$882,523$842,023$1,017,412
65$1,107,006$897,303$841,767$1,062,860
66$1,190,560$911,910$840,606$1,111,678
67$1,281,711$926,308$838,481$1,164,192
68$1,381,207$940,458$835,331$1,220,764
69$1,489,866$954,317$831,091$1,281,791
70$1,608,594$967,840$825,694$1,347,714
71$1,738,386$980,979$819,070$1,419,017
72$1,880,336$993,681$811,143$1,496,235
73$2,035,650$1,005,892$801,837$1,579,959
74$2,205,658$1,017,553$791,070$1,670,840
75$2,391,822$1,028,599$778,757$1,769,598
76$2,595,751$1,038,964$764,809$1,877,025
77$2,819,220$1,048,575$749,132$1,993,997
78$3,064,182$1,057,357$731,630$2,121,479
79$3,332,788$1,065,227$712,199$2,260,539
80$3,627,408$1,072,099$690,733$2,412,351
81$3,950,651$1,077,880$667,121$2,578,212
82$4,305,393$1,082,471$641,244$2,759,555
83$4,694,799$1,085,768$612,982$2,957,959
84$5,122,358$1,087,660$582,206$3,175,166
85$5,591,911$1,088,028$548,783$3,413,098
86$6,107,692$1,086,747$512,573$3,673,876
87$6,674,362$1,083,683$473,430$3,959,838
88$7,297,059$1,078,696$431,202$4,273,566
89$7,981,441$1,071,634$385,729$4,617,905
90$8,733,743$1,062,339$336,846$4,995,996
91$9,560,833$1,050,642$284,378$5,411,302
92$10,470,278$1,036,363$228,145$5,867,642
93$11,470,414$1,019,313$167,956$6,369,231
94$12,570,428$999,291$103,614$6,920,714
95$13,780,439$976,084$34,913$7,527,217
96$15,111,598$949,466$0$8,194,391
97$16,576,191$919,199$0$8,935,028
98$18,187,752$885,030$0$9,756,231
99$19,961,198$846,692$0$10,659,655
100$21,912,962$803,901$0$11,653,701