Can I retire at age 62 with 810,000?

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 $810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$66,889$66,293$65,712$65,145$64,591$64,049
2 years$33,113$32,497$31,899$31,319$30,757$30,212
3 years$21,856$21,237$20,641$20,067$19,514$18,981
4 years$16,229$15,611$15,021$14,457$13,917$13,401
5 years$12,853$12,240$11,657$11,104$10,580$10,082
6 years$10,604$9,994$9,421$8,880$8,371$7,893
7 years$8,997$8,393$7,829$7,301$6,808$6,348
8 years$7,793$7,195$6,639$6,125$5,648$5,207
9 years$6,857$6,264$5,718$5,217$4,756$4,335
10 years$6,109$5,522$4,985$4,497$4,053$3,650
11 years$5,497$4,916$4,389$3,914$3,486$3,101
12 years$4,987$4,412$3,895$3,433$3,020$2,654
13 years$4,556$3,987$3,480$3,031$2,634$2,285
14 years$4,187$3,624$3,127$2,690$2,309$1,977
15 years$3,868$3,311$2,823$2,399$2,033$1,718
16 years$3,589$3,038$2,560$2,148$1,797$1,498
17 years$3,342$2,797$2,329$1,930$1,593$1,310
18 years$3,124$2,585$2,126$1,739$1,416$1,149
19 years$2,929$2,396$1,946$1,572$1,263$1,010
20 years$2,753$2,226$1,786$1,424$1,128$889
21 years$2,594$2,074$1,643$1,292$1,009$784
22 years$2,450$1,936$1,514$1,175$905$692
23 years$2,319$1,810$1,398$1,070$812$612
24 years$2,199$1,696$1,293$976$730$542
25 years$2,088$1,592$1,198$891$657$480
26 years$1,987$1,496$1,111$815$592$426
27 years$1,892$1,408$1,031$746$533$378
28 years$1,805$1,327$959$683$481$336
29 years$1,724$1,252$892$627$435$298
30 years$1,649$1,182$831$575$393$265
31 years$1,578$1,117$775$528$355$236
32 years$1,512$1,057$723$485$321$210
33 years$1,451$1,001$675$446$291$187
34 years$1,393$949$631$411$263$167
35 years$1,338$900$590$378$238$148
36 years$1,286$854$552$348$216$132
37 years$1,238$811$516$321$196$118
38 years$1,192$771$484$296$177$105
39 years$1,149$733$453$273$161$94
40 years$1,107$698$425$251$146$83
41 years$1,068$664$398$232$132$74
42 years$1,031$632$373$214$120$66
43 years$996$603$350$198$109$59
44 years$962$574$329$183$99$53
45 years$930$548$309$169$90$47
46 years$900$523$290$156$82$42
47 years$871$499$273$144$74$38
48 years$843$476$256$133$67$34
49 years$816$455$241$123$61$30
50 years$791$434$226$114$55$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $810,000, adding $2,284 every year, while hoping to spend $29,020 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: 55/20/25 Blend
61$810,000$810,000$810,000$810,000
62$894,976$852,046$839,491$937,933
63$955,386$862,919$836,737$978,585
64$1,020,986$873,352$832,918$1,019,620
65$1,092,274$883,294$827,968$1,063,708
66$1,169,798$892,687$821,817$1,111,154
67$1,254,162$901,474$814,392$1,162,292
68$1,346,030$909,590$805,618$1,217,490
69$1,446,133$916,967$795,414$1,277,159
70$1,555,275$923,535$783,697$1,341,747
71$1,674,341$929,216$770,379$1,411,753
72$1,804,305$933,929$755,368$1,487,727
73$1,946,240$937,587$738,568$1,570,276
74$2,101,325$940,098$719,879$1,660,070
75$2,270,862$941,364$699,196$1,757,850
76$2,456,280$941,281$676,409$1,864,431
77$2,659,154$939,738$651,403$1,980,717
78$2,881,221$936,618$624,058$2,107,704
79$3,124,390$931,797$594,248$2,246,490
80$3,390,764$925,141$561,842$2,398,288
81$3,682,661$916,512$526,703$2,564,440
82$4,002,631$905,760$488,686$2,746,422
83$4,353,485$892,728$447,643$2,945,866
84$4,738,318$877,249$403,416$3,164,573
85$5,160,538$859,145$355,842$3,404,529
86$5,623,900$838,231$304,750$3,667,927
87$6,132,540$814,307$249,962$3,957,186
88$6,691,014$787,163$191,290$4,274,975
89$7,304,341$756,577$128,542$4,624,239
90$7,978,048$722,313$61,512$5,008,228
91$8,718,227$684,124$0$5,430,526
92$9,531,585$641,746$0$5,897,759
93$10,425,516$594,900$0$6,429,302
94$11,408,161$543,293$0$7,013,602
95$12,488,492$486,613$0$7,656,031
96$13,676,394$424,532$0$8,362,510
97$14,982,754$356,702$0$9,139,566
98$16,419,571$282,757$0$9,994,393
99$18,000,064$202,309$0$10,934,922
100$19,738,796$114,948$0$11,969,892