Can I retire at age 62 with 814,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $814,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$67,219$66,621$66,036$65,466$64,910$63,059
2 years$33,277$32,657$32,057$31,474$30,909$29,060
3 years$21,964$21,342$20,743$20,166$19,610$17,819
4 years$16,309$15,688$15,095$14,528$13,986$12,267
5 years$12,917$12,300$11,715$11,159$10,632$8,990
6 years$10,656$10,044$9,467$8,924$8,413$6,849
7 years$9,042$8,435$7,867$7,337$6,842$5,357
8 years$7,832$7,230$6,672$6,155$5,676$4,268
9 years$6,891$6,295$5,747$5,243$4,780$3,449
10 years$6,139$5,549$5,010$4,519$4,073$2,816
11 years$5,524$4,940$4,411$3,933$3,503$2,318
12 years$5,012$4,434$3,914$3,450$3,035$1,921
13 years$4,579$4,007$3,497$3,046$2,647$1,600
14 years$4,208$3,642$3,142$2,704$2,320$1,339
15 years$3,887$3,327$2,837$2,411$2,043$1,124
16 years$3,606$3,053$2,572$2,159$1,806$946
17 years$3,359$2,811$2,341$1,940$1,601$798
18 years$3,139$2,598$2,137$1,748$1,423$675
19 years$2,943$2,408$1,956$1,580$1,269$572
20 years$2,767$2,237$1,795$1,431$1,133$485
21 years$2,607$2,084$1,651$1,298$1,014$412
22 years$2,462$1,945$1,522$1,180$909$350
23 years$2,330$1,819$1,405$1,075$816$298
24 years$2,210$1,705$1,300$981$733$253
25 years$2,099$1,600$1,204$895$660$216
26 years$1,996$1,503$1,116$819$595$184
27 years$1,902$1,415$1,037$749$536$157
28 years$1,814$1,333$964$687$484$134
29 years$1,733$1,258$897$630$437$114
30 years$1,657$1,188$835$578$395$97
31 years$1,586$1,123$779$531$357$83
32 years$1,520$1,063$727$488$323$71
33 years$1,458$1,006$678$449$292$61
34 years$1,399$954$634$413$264$52
35 years$1,345$905$593$380$239$44
36 years$1,293$859$554$350$217$38
37 years$1,244$815$519$322$197$32
38 years$1,198$775$486$297$178$28
39 years$1,154$737$455$274$162$24
40 years$1,113$701$427$253$147$20
41 years$1,074$667$400$233$133$17
42 years$1,036$636$375$215$121$15
43 years$1,001$606$352$199$110$13
44 years$967$577$331$183$99$11
45 years$935$550$310$169$90$9
46 years$904$525$292$156$82$8
47 years$875$501$274$145$74$7
48 years$847$478$257$134$68$6
49 years$820$457$242$123$61$5
50 years$795$436$227$114$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $814,000, adding $3,075 every year, while hoping to spend $56,220 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: 68/6/26 Blend
61$814,000$814,000$814,000$814,000
62$900,200$857,058$844,441$955,170
63$932,203$839,236$812,912$974,660
64$965,585$818,657$778,443$989,271
65$1,000,430$795,125$740,875$1,003,964
66$1,036,823$768,436$700,044$1,018,746
67$1,074,861$738,371$655,777$1,033,630
68$1,114,645$704,700$607,894$1,048,630
69$1,156,287$667,178$556,207$1,063,763
70$1,199,907$625,549$500,518$1,079,049
71$1,245,635$579,538$440,623$1,094,515
72$1,293,612$528,858$376,307$1,110,191
73$1,343,992$473,204$307,345$1,126,112
74$1,396,942$412,253$233,503$1,142,320
75$1,452,642$345,665$154,537$1,158,864
76$1,511,289$273,081$70,192$1,175,801
77$1,573,099$194,120$0$1,193,196
78$1,638,304$108,382$0$1,216,623
79$1,707,160$15,441$0$1,261,808
80$1,779,945$0$0$1,309,438
81$1,856,961$0$0$1,365,331
82$1,938,540$0$0$1,425,637
83$2,025,043$0$0$1,489,608
84$2,116,866$0$0$1,557,538
85$2,214,440$0$0$1,629,751
86$2,318,239$0$0$1,706,599
87$2,428,781$0$0$1,788,471
88$2,546,631$0$0$1,875,789
89$2,672,411$0$0$1,969,018
90$2,806,800$0$0$2,068,666
91$2,950,543$0$0$2,175,290
92$3,104,458$0$0$2,289,503
93$3,269,441$0$0$2,411,973
94$3,446,474$0$0$2,543,437
95$3,636,636$0$0$2,684,702
96$3,841,111$0$0$2,836,653
97$4,061,199$0$0$3,000,264
98$4,298,328$0$0$3,176,603
99$4,554,064$0$0$3,366,844
100$4,830,131$0$0$3,572,275