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%17.8%
1 years$66,889$66,293$65,712$65,145$64,591$62,548
2 years$33,113$32,497$31,899$31,319$30,757$28,718
3 years$21,856$21,237$20,641$20,067$19,514$17,542
4 years$16,229$15,611$15,021$14,457$13,917$12,028
5 years$12,853$12,240$11,657$11,104$10,580$8,777
6 years$10,604$9,994$9,421$8,880$8,371$6,658
7 years$8,997$8,393$7,829$7,301$6,808$5,184
8 years$7,793$7,195$6,639$6,125$5,648$4,111
9 years$6,857$6,264$5,718$5,217$4,756$3,305
10 years$6,109$5,522$4,985$4,497$4,053$2,685
11 years$5,497$4,916$4,389$3,914$3,486$2,200
12 years$4,987$4,412$3,895$3,433$3,020$1,813
13 years$4,556$3,987$3,480$3,031$2,634$1,502
14 years$4,187$3,624$3,127$2,690$2,309$1,250
15 years$3,868$3,311$2,823$2,399$2,033$1,043
16 years$3,589$3,038$2,560$2,148$1,797$873
17 years$3,342$2,797$2,329$1,930$1,593$733
18 years$3,124$2,585$2,126$1,739$1,416$616
19 years$2,929$2,396$1,946$1,572$1,263$518
20 years$2,753$2,226$1,786$1,424$1,128$437
21 years$2,594$2,074$1,643$1,292$1,009$369
22 years$2,450$1,936$1,514$1,175$905$311
23 years$2,319$1,810$1,398$1,070$812$263
24 years$2,199$1,696$1,293$976$730$223
25 years$2,088$1,592$1,198$891$657$188
26 years$1,987$1,496$1,111$815$592$160
27 years$1,892$1,408$1,031$746$533$135
28 years$1,805$1,327$959$683$481$115
29 years$1,724$1,252$892$627$435$97
30 years$1,649$1,182$831$575$393$82
31 years$1,578$1,117$775$528$355$70
32 years$1,512$1,057$723$485$321$59
33 years$1,451$1,001$675$446$291$50
34 years$1,393$949$631$411$263$43
35 years$1,338$900$590$378$238$36
36 years$1,286$854$552$348$216$31
37 years$1,238$811$516$321$196$26
38 years$1,192$771$484$296$177$22
39 years$1,149$733$453$273$161$19
40 years$1,107$698$425$251$146$16
41 years$1,068$664$398$232$132$13
42 years$1,031$632$373$214$120$11
43 years$996$603$350$198$109$10
44 years$962$574$329$183$99$8
45 years$930$548$309$169$90$7
46 years$900$523$290$156$82$6
47 years$871$499$273$144$74$5
48 years$843$476$256$133$67$4
49 years$816$455$241$123$61$4
50 years$791$434$226$114$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $810,000, adding $2,195 every year, while hoping to spend $57,434 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: 56/15/29 Blend
61$810,000$810,000$810,000$810,000
62$894,884$851,954$839,399$937,718
63$925,053$832,591$806,410$948,103
64$956,374$810,353$770,390$953,280
65$988,904$785,041$731,178$957,767
66$1,022,705$756,440$688,605$961,518
67$1,057,840$724,325$642,492$964,483
68$1,094,380$688,457$592,656$966,614
69$1,132,399$648,583$538,903$967,858
70$1,171,977$604,438$481,029$968,163
71$1,213,201$555,737$418,826$967,474
72$1,256,163$502,183$352,072$965,736
73$1,300,961$443,461$280,536$962,891
74$1,347,705$379,236$203,980$958,881
75$1,396,509$309,156$122,151$953,647
76$1,447,498$232,850$34,788$947,130
77$1,500,806$149,923$0$939,268
78$1,556,581$59,962$0$948,087
79$1,614,980$0$0$968,103
80$1,676,174$0$0$994,759
81$1,740,348$0$0$1,033,113
82$1,807,703$0$0$1,073,392
83$1,878,459$0$0$1,115,728
84$1,952,853$0$0$1,160,268
85$2,031,143$0$0$1,207,168
86$2,113,610$0$0$1,256,602
87$2,200,560$0$0$1,308,757
88$2,292,327$0$0$1,363,836
89$2,389,275$0$0$1,422,064
90$2,491,799$0$0$1,483,684
91$2,600,335$0$0$1,548,960
92$2,715,353$0$0$1,618,184
93$2,837,371$0$0$1,691,672
94$2,966,955$0$0$1,769,772
95$3,104,722$0$0$1,852,863
96$3,251,347$0$0$1,941,360
97$3,407,572$0$0$2,035,719
98$3,574,206$0$0$2,136,436
99$3,752,137$0$0$2,244,059
100$3,942,338$0$0$2,359,184