Can I retire at age 62 with 813,000?

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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$67,137$66,539$65,955$65,386$64,830$62,554
2 years$33,236$32,617$32,017$31,435$30,871$28,603
3 years$21,937$21,316$20,717$20,141$19,586$17,396
4 years$16,289$15,669$15,077$14,510$13,969$11,873
5 years$12,901$12,285$11,700$11,145$10,619$8,624
6 years$10,643$10,032$9,456$8,913$8,402$6,509
7 years$9,031$8,424$7,858$7,328$6,833$5,042
8 years$7,822$7,221$6,664$6,147$5,669$3,977
9 years$6,883$6,287$5,740$5,236$4,774$3,180
10 years$6,131$5,542$5,004$4,514$4,068$2,569
11 years$5,517$4,934$4,405$3,928$3,498$2,092
12 years$5,006$4,428$3,910$3,446$3,032$1,714
13 years$4,573$4,002$3,493$3,042$2,644$1,412
14 years$4,203$3,638$3,138$2,700$2,317$1,167
15 years$3,882$3,323$2,834$2,408$2,040$968
16 years$3,602$3,049$2,569$2,156$1,803$805
17 years$3,355$2,808$2,338$1,937$1,599$671
18 years$3,135$2,595$2,134$1,746$1,422$560
19 years$2,939$2,405$1,954$1,578$1,267$468
20 years$2,763$2,234$1,793$1,429$1,132$392
21 years$2,604$2,081$1,649$1,297$1,013$329
22 years$2,459$1,943$1,520$1,179$908$276
23 years$2,328$1,817$1,403$1,074$815$231
24 years$2,207$1,703$1,298$979$733$194
25 years$2,096$1,598$1,202$894$659$163
26 years$1,994$1,502$1,115$818$594$137
27 years$1,900$1,413$1,035$749$535$115
28 years$1,812$1,332$962$686$483$97
29 years$1,731$1,256$896$629$436$82
30 years$1,655$1,186$834$577$394$69
31 years$1,584$1,122$778$530$356$58
32 years$1,518$1,061$726$487$322$49
33 years$1,456$1,005$678$448$292$41
34 years$1,398$952$633$412$264$35
35 years$1,343$903$592$379$239$29
36 years$1,291$857$554$349$217$24
37 years$1,242$814$518$322$196$21
38 years$1,196$774$485$297$178$17
39 years$1,153$736$455$274$161$15
40 years$1,111$700$426$252$146$12
41 years$1,072$667$400$233$133$10
42 years$1,035$635$375$215$121$9
43 years$1,000$605$352$198$109$7
44 years$966$577$330$183$99$6
45 years$934$550$310$169$90$5
46 years$903$524$291$156$82$4
47 years$874$500$274$144$74$4
48 years$846$478$257$133$68$3
49 years$819$456$242$123$61$3
50 years$794$436$227$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $813,000, adding $3,779 every year, while hoping to spend $35,185 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: 48/44/8 Blend
61$813,000$813,000$813,000$813,000
62$899,824$856,735$844,134$940,913
63$954,170$861,278$834,975$974,025
64$1,012,879$864,865$824,331$1,005,942
65$1,076,360$867,411$812,114$1,039,775
66$1,145,062$868,828$798,233$1,075,714
67$1,219,477$869,019$782,593$1,113,966
68$1,300,148$867,885$765,093$1,154,765
69$1,387,670$865,318$745,631$1,198,368
70$1,482,698$861,205$724,096$1,245,059
71$1,585,955$855,425$700,374$1,295,156
72$1,698,232$847,851$674,346$1,349,008
73$1,820,403$838,346$645,888$1,407,006
74$1,953,427$826,768$614,868$1,469,579
75$2,098,360$812,964$581,150$1,537,206
76$2,256,366$796,772$544,592$1,610,414
77$2,428,724$778,022$505,044$1,689,789
78$2,616,841$756,533$462,351$1,775,981
79$2,822,269$732,114$416,350$1,869,707
80$3,046,714$704,560$366,871$1,971,762
81$3,292,054$673,659$313,736$2,083,028
82$3,560,358$639,183$256,761$2,204,477
83$3,853,903$600,891$195,751$2,337,188
84$4,175,197$558,531$130,504$2,482,354
85$4,527,001$511,833$60,810$2,641,293
86$4,912,356$460,513$0$2,815,466
87$5,334,610$404,273$0$3,007,645
88$5,797,453$342,794$0$3,224,070
89$6,304,944$275,742$0$3,461,540
90$6,861,559$202,764$0$3,722,258
91$7,472,223$123,485$0$4,008,657
92$8,142,365$37,511$0$4,323,427
93$8,877,963$0$0$4,669,537
94$9,685,602$0$0$5,077,175
95$10,572,536$0$0$5,544,875
96$11,546,756$0$0$6,058,699
97$12,617,064$0$0$6,623,304
98$13,793,159$0$0$7,243,816
99$15,085,723$0$0$7,925,887
100$16,506,528$0$0$8,675,739