Can I retire at age 62 with 812,000?

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 $812,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$67,054$66,457$65,874$65,305$64,750$63,599
2 years$33,195$32,577$31,978$31,397$30,833$29,677
3 years$21,910$21,289$20,692$20,116$19,562$18,437
4 years$16,269$15,650$15,058$14,493$13,952$12,867
5 years$12,885$12,270$11,686$11,132$10,606$9,564
6 years$10,630$10,019$9,444$8,902$8,392$7,395
7 years$9,020$8,414$7,848$7,319$6,825$5,872
8 years$7,812$7,212$6,656$6,140$5,662$4,754
9 years$6,874$6,280$5,733$5,230$4,768$3,904
10 years$6,124$5,535$4,998$4,508$4,063$3,241
11 years$5,510$4,928$4,400$3,923$3,494$2,715
12 years$5,000$4,423$3,905$3,441$3,028$2,290
13 years$4,568$3,997$3,489$3,038$2,640$1,942
14 years$4,198$3,633$3,135$2,697$2,315$1,655
15 years$3,877$3,319$2,830$2,405$2,038$1,416
16 years$3,597$3,045$2,566$2,154$1,801$1,215
17 years$3,351$2,804$2,335$1,935$1,597$1,045
18 years$3,132$2,591$2,131$1,744$1,420$902
19 years$2,936$2,402$1,951$1,576$1,266$779
20 years$2,760$2,232$1,791$1,427$1,131$674
21 years$2,601$2,079$1,647$1,295$1,012$585
22 years$2,456$1,940$1,518$1,178$907$507
23 years$2,325$1,815$1,402$1,072$814$441
24 years$2,204$1,700$1,296$978$732$383
25 years$2,093$1,596$1,201$893$658$334
26 years$1,991$1,500$1,114$817$593$291
27 years$1,897$1,411$1,034$748$535$253
28 years$1,810$1,330$961$685$482$221
29 years$1,729$1,255$895$628$436$193
30 years$1,653$1,185$833$576$394$168
31 years$1,582$1,120$777$529$356$147
32 years$1,516$1,060$725$487$322$128
33 years$1,454$1,004$677$447$291$112
34 years$1,396$951$632$412$264$98
35 years$1,341$902$591$379$239$85
36 years$1,290$856$553$349$216$75
37 years$1,241$813$518$322$196$65
38 years$1,195$773$485$296$178$57
39 years$1,151$735$454$273$161$50
40 years$1,110$699$426$252$146$44
41 years$1,071$666$399$233$133$38
42 years$1,034$634$374$215$120$33
43 years$998$604$351$198$109$29
44 years$965$576$330$183$99$25
45 years$933$549$310$169$90$22
46 years$902$524$291$156$82$19
47 years$873$500$273$144$74$17
48 years$845$477$257$133$67$15
49 years$818$456$241$123$61$13
50 years$793$435$227$114$56$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $812,000, adding $5,595 every year, while hoping to spend $57,575 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: 54/39/7 Blend
61$812,000$812,000$812,000$812,000
62$900,595$857,559$844,973$947,450
63$931,197$838,320$812,020$960,536
64$962,990$816,209$776,034$967,953
65$996,035$791,024$736,852$974,632
66$1,030,398$762,551$694,304$980,512
67$1,066,148$730,566$648,212$985,528
68$1,103,360$694,829$598,393$989,615
69$1,142,115$655,087$544,650$992,702
70$1,182,498$611,073$486,783$994,719
71$1,224,602$562,506$424,580$995,588
72$1,268,528$509,085$357,821$995,232
73$1,314,384$450,496$286,273$993,570
74$1,362,286$386,405$209,698$990,516
75$1,412,359$316,459$127,843$985,984
76$1,464,740$240,286$40,446$979,883
77$1,519,576$157,492$0$972,121
78$1,577,026$67,663$0$966,547
79$1,637,264$0$0$962,598
80$1,700,476$0$0$969,893
81$1,766,867$0$0$1,008,077
82$1,836,657$0$0$1,048,243
83$1,910,088$0$0$1,090,531
84$1,987,420$0$0$1,135,097
85$2,068,939$0$0$1,182,108
86$2,154,955$0$0$1,231,749
87$2,245,806$0$0$1,284,218
88$2,341,863$0$0$1,339,735
89$2,443,527$0$0$1,398,537
90$2,551,239$0$0$1,460,884
91$2,665,479$0$0$1,527,061
92$2,786,774$0$0$1,597,379
93$2,915,697$0$0$1,672,177
94$3,052,877$0$0$1,751,830
95$3,199,003$0$0$1,836,742
96$3,354,828$0$0$1,927,363
97$3,521,177$0$0$2,024,179
98$3,698,954$0$0$2,127,728
99$3,889,151$0$0$2,238,597
100$4,092,855$0$0$2,357,431