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%16.2%
1 years$66,972$66,375$65,793$65,225$64,670$63,030
2 years$33,154$32,537$31,938$31,358$30,795$29,154
3 years$21,883$21,263$20,666$20,091$19,538$17,946
4 years$16,249$15,631$15,040$14,475$13,935$12,405
5 years$12,869$12,255$11,671$11,118$10,593$9,129
6 years$10,617$10,007$9,432$8,891$8,382$6,986
7 years$9,008$8,404$7,838$7,310$6,817$5,488
8 years$7,803$7,204$6,647$6,132$5,655$4,394
9 years$6,866$6,272$5,725$5,223$4,762$3,567
10 years$6,116$5,528$4,992$4,502$4,058$2,927
11 years$5,504$4,922$4,395$3,918$3,490$2,422
12 years$4,993$4,417$3,900$3,437$3,024$2,018
13 years$4,562$3,992$3,484$3,034$2,637$1,690
14 years$4,193$3,629$3,131$2,694$2,312$1,422
15 years$3,873$3,315$2,827$2,402$2,035$1,200
16 years$3,593$3,041$2,563$2,151$1,799$1,016
17 years$3,347$2,801$2,332$1,933$1,595$863
18 years$3,128$2,588$2,129$1,742$1,418$734
19 years$2,932$2,399$1,949$1,574$1,264$625
20 years$2,756$2,229$1,789$1,425$1,129$533
21 years$2,597$2,076$1,645$1,294$1,010$456
22 years$2,453$1,938$1,516$1,176$906$390
23 years$2,322$1,813$1,400$1,071$813$334
24 years$2,201$1,698$1,295$977$731$286
25 years$2,091$1,594$1,199$892$658$245
26 years$1,989$1,498$1,112$816$592$210
27 years$1,895$1,410$1,033$747$534$180
28 years$1,808$1,328$960$684$482$155
29 years$1,726$1,253$893$627$435$133
30 years$1,651$1,183$832$576$393$114
31 years$1,580$1,119$776$529$355$98
32 years$1,514$1,059$724$486$322$84
33 years$1,452$1,003$676$447$291$72
34 years$1,394$950$632$411$263$62
35 years$1,340$901$590$379$239$54
36 years$1,288$855$552$349$216$46
37 years$1,239$812$517$321$196$40
38 years$1,193$772$484$296$178$34
39 years$1,150$734$454$273$161$29
40 years$1,109$698$425$252$146$25
41 years$1,070$665$399$232$133$22
42 years$1,033$633$374$214$120$19
43 years$997$603$351$198$109$16
44 years$964$575$329$183$99$14
45 years$932$548$309$169$90$12
46 years$901$523$290$156$82$10
47 years$872$499$273$144$74$9
48 years$844$477$256$133$67$8
49 years$817$455$241$123$61$7
50 years$792$435$227$114$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $811,000, adding $5,503 every year, while hoping to spend $44,591 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: 58/29/13 Blend
61$811,000$811,000$811,000$811,000
62$899,398$856,415$843,845$948,323
63$943,692$850,935$824,669$976,520
64$991,010$843,692$803,357$1,001,812
65$1,041,613$834,552$779,788$1,028,328
66$1,095,786$823,375$753,841$1,056,191
67$1,153,846$810,009$725,383$1,085,539
68$1,216,135$794,297$694,281$1,116,524
69$1,283,033$776,069$660,391$1,149,320
70$1,354,954$755,149$623,566$1,184,117
71$1,432,354$731,346$583,651$1,221,129
72$1,515,734$704,461$540,483$1,260,592
73$1,605,643$674,284$493,893$1,302,772
74$1,702,685$640,590$443,704$1,347,962
75$1,807,522$603,143$389,732$1,396,491
76$1,920,885$561,692$331,784$1,448,721
77$2,043,574$515,974$269,657$1,505,058
78$2,176,471$465,708$203,143$1,565,951
79$2,320,543$410,600$132,020$1,631,901
80$2,476,855$350,337$56,060$1,703,462
81$2,646,580$284,589$0$1,781,251
82$2,831,004$213,007$0$1,869,420
83$3,031,546$135,224$0$1,973,783
84$3,249,764$50,850$0$2,087,435
85$3,487,374$0$0$2,211,346
86$3,746,263$0$0$2,359,524
87$4,028,509$0$0$2,538,824
88$4,336,398$0$0$2,734,479
89$4,672,447$0$0$2,948,097
90$5,039,426$0$0$3,181,447
91$5,440,383$0$0$3,436,477
92$5,878,677$0$0$3,715,332
93$6,358,002$0$0$4,020,372
94$6,882,430$0$0$4,354,198
95$7,456,441$0$0$4,719,672
96$8,084,968$0$0$5,119,947
97$8,773,447$0$0$5,558,494
98$9,527,860$0$0$6,039,137
99$10,354,799$0$0$6,566,086
100$11,261,520$0$0$7,143,980