Can I retire at age 62 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$66,972$66,375$65,793$65,225$64,670$63,862
2 years$33,154$32,537$31,938$31,358$30,795$29,982
3 years$21,883$21,263$20,666$20,091$19,538$18,745
4 years$16,249$15,631$15,040$14,475$13,935$13,168
5 years$12,869$12,255$11,671$11,118$10,593$9,855
6 years$10,617$10,007$9,432$8,891$8,382$7,673
7 years$9,008$8,404$7,838$7,310$6,817$6,138
8 years$7,803$7,204$6,647$6,132$5,655$5,006
9 years$6,866$6,272$5,725$5,223$4,762$4,143
10 years$6,116$5,528$4,992$4,502$4,058$3,467
11 years$5,504$4,922$4,395$3,918$3,490$2,928
12 years$4,993$4,417$3,900$3,437$3,024$2,490
13 years$4,562$3,992$3,484$3,034$2,637$2,130
14 years$4,193$3,629$3,131$2,694$2,312$1,831
15 years$3,873$3,315$2,827$2,402$2,035$1,580
16 years$3,593$3,041$2,563$2,151$1,799$1,368
17 years$3,347$2,801$2,332$1,933$1,595$1,188
18 years$3,128$2,588$2,129$1,742$1,418$1,035
19 years$2,932$2,399$1,949$1,574$1,264$903
20 years$2,756$2,229$1,789$1,425$1,129$789
21 years$2,597$2,076$1,645$1,294$1,010$691
22 years$2,453$1,938$1,516$1,176$906$605
23 years$2,322$1,813$1,400$1,071$813$531
24 years$2,201$1,698$1,295$977$731$467
25 years$2,091$1,594$1,199$892$658$410
26 years$1,989$1,498$1,112$816$592$361
27 years$1,895$1,410$1,033$747$534$318
28 years$1,808$1,328$960$684$482$280
29 years$1,726$1,253$893$627$435$247
30 years$1,651$1,183$832$576$393$218
31 years$1,580$1,119$776$529$355$192
32 years$1,514$1,059$724$486$322$170
33 years$1,452$1,003$676$447$291$150
34 years$1,394$950$632$411$263$132
35 years$1,340$901$590$379$239$117
36 years$1,288$855$552$349$216$103
37 years$1,239$812$517$321$196$91
38 years$1,193$772$484$296$178$81
39 years$1,150$734$454$273$161$71
40 years$1,109$698$425$252$146$63
41 years$1,070$665$399$232$133$56
42 years$1,033$633$374$214$120$49
43 years$997$603$351$198$109$44
44 years$964$575$329$183$99$39
45 years$932$548$309$169$90$34
46 years$901$523$290$156$82$30
47 years$872$499$273$144$74$27
48 years$844$477$256$133$67$24
49 years$817$455$241$123$61$21
50 years$792$435$227$114$56$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $811,000, adding $5,546 every year, while hoping to spend $47,227 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: 46/44/10 Blend
61$811,000$811,000$811,000$811,000
62$899,443$856,460$843,889$938,058
63$940,937$848,177$821,910$957,018
64$985,080$837,906$797,612$972,257
65$1,032,094$825,498$770,868$987,716
66$1,082,218$810,799$741,543$1,003,430
67$1,135,719$793,642$709,498$1,019,445
68$1,192,884$773,853$674,589$1,035,810
69$1,254,032$751,245$636,661$1,052,585
70$1,319,510$725,623$595,556$1,069,840
71$1,389,701$696,779$551,108$1,087,655
72$1,465,022$664,493$503,142$1,106,124
73$1,545,934$628,533$451,477$1,125,352
74$1,632,940$588,652$395,922$1,145,463
75$1,726,594$544,590$336,280$1,166,598
76$1,827,505$496,073$272,344$1,188,915
77$1,936,340$442,810$203,896$1,212,598
78$2,053,832$384,494$130,713$1,237,852
79$2,180,789$320,799$52,557$1,264,914
80$2,318,094$251,384$0$1,294,047
81$2,466,724$175,885$0$1,328,845
82$2,627,747$93,921$0$1,372,553
83$2,802,341$5,088$0$1,419,966
84$2,991,801$0$0$1,471,545
85$3,197,550$0$0$1,571,882
86$3,421,153$0$0$1,683,687
87$3,664,334$0$0$1,805,368
88$3,928,988$0$0$1,937,883
89$4,217,199$0$0$2,082,288
90$4,531,262$0$0$2,239,745
91$4,873,703$0$0$2,411,532
92$5,247,301$0$0$2,599,057
93$5,655,115$0$0$2,803,867
94$6,100,513$0$0$3,027,669
95$6,587,201$0$0$3,272,340
96$7,119,261$0$0$3,539,946
97$7,701,187$0$0$3,832,764
98$8,337,925$0$0$4,153,299
99$9,034,925$0$0$4,504,311
100$9,798,184$0$0$4,888,839