Can I retire at age 62 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$67,302$66,702$66,118$65,547$64,989$62,584
2 years$33,318$32,697$32,096$31,513$30,947$28,551
3 years$21,991$21,368$20,768$20,191$19,634$17,323
4 years$16,329$15,708$15,114$14,546$14,003$11,794
5 years$12,933$12,315$11,729$11,173$10,645$8,543
6 years$10,669$10,056$9,479$8,935$8,423$6,431
7 years$9,053$8,445$7,877$7,346$6,850$4,967
8 years$7,841$7,239$6,680$6,162$5,683$3,907
9 years$6,899$6,303$5,754$5,249$4,786$3,114
10 years$6,146$5,556$5,016$4,525$4,078$2,508
11 years$5,531$4,946$4,416$3,938$3,507$2,036
12 years$5,018$4,439$3,919$3,454$3,039$1,662
13 years$4,584$4,012$3,502$3,049$2,650$1,364
14 years$4,213$3,647$3,146$2,707$2,323$1,124
15 years$3,892$3,331$2,841$2,414$2,045$929
16 years$3,611$3,056$2,575$2,162$1,808$770
17 years$3,363$2,815$2,344$1,942$1,603$639
18 years$3,143$2,601$2,139$1,750$1,425$532
19 years$2,947$2,411$1,958$1,581$1,270$443
20 years$2,770$2,240$1,797$1,432$1,135$369
21 years$2,610$2,086$1,653$1,300$1,015$308
22 years$2,465$1,948$1,524$1,182$910$258
23 years$2,333$1,822$1,407$1,076$817$215
24 years$2,212$1,707$1,301$982$734$180
25 years$2,101$1,602$1,205$897$661$151
26 years$1,999$1,505$1,118$820$595$126
27 years$1,904$1,417$1,038$750$537$106
28 years$1,816$1,335$965$688$484$89
29 years$1,735$1,259$898$630$437$74
30 years$1,659$1,189$836$579$395$62
31 years$1,588$1,124$780$531$357$52
32 years$1,522$1,064$727$488$323$44
33 years$1,460$1,007$679$449$292$37
34 years$1,401$955$635$413$265$31
35 years$1,346$906$593$380$240$26
36 years$1,294$860$555$350$217$22
37 years$1,246$816$520$323$197$18
38 years$1,199$776$487$298$179$15
39 years$1,156$738$456$274$162$13
40 years$1,114$702$427$253$147$11
41 years$1,075$668$401$233$133$9
42 years$1,038$636$376$215$121$8
43 years$1,002$606$353$199$110$6
44 years$968$578$331$184$100$5
45 years$936$551$311$170$90$4
46 years$905$526$292$157$82$4
47 years$876$502$274$145$75$3
48 years$848$479$258$134$68$3
49 years$821$457$242$124$61$2
50 years$796$437$228$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $815,000, adding $3,525 every year, while hoping to spend $53,095 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: 80/13/7 Blend
61$815,000$815,000$815,000$815,000
62$901,766$858,571$845,939$972,951
63$937,254$844,148$817,785$1,005,664
64$974,581$827,239$786,908$1,034,193
65$1,013,881$807,666$753,162$1,063,895
66$1,055,295$785,241$716,392$1,094,859
67$1,098,981$759,764$676,437$1,127,184
68$1,145,109$731,023$633,129$1,160,979
69$1,193,863$698,797$586,292$1,196,365
70$1,245,447$662,847$535,742$1,233,476
71$1,300,081$622,926$481,288$1,272,458
72$1,358,007$578,767$422,730$1,313,473
73$1,419,490$530,092$359,857$1,356,702
74$1,484,817$476,606$292,451$1,402,343
75$1,554,304$417,996$220,284$1,450,616
76$1,628,298$353,932$143,118$1,501,762
77$1,707,175$284,065$60,703$1,556,051
78$1,791,351$208,028$0$1,613,779
79$1,881,279$125,432$0$1,677,308
80$1,977,457$35,866$0$1,749,937
81$2,080,430$0$0$1,827,548
82$2,190,796$0$0$1,919,348
83$2,309,212$0$0$2,023,364
84$2,436,397$0$0$2,135,099
85$2,573,142$0$0$2,255,249
86$2,720,315$0$0$2,384,579
87$2,878,867$0$0$2,523,929
88$3,049,846$0$0$2,674,221
89$3,234,401$0$0$2,836,466
90$3,433,794$0$0$3,011,780
91$3,649,415$0$0$3,201,384
92$3,882,788$0$0$3,406,624
93$4,135,591$0$0$3,628,977
94$4,409,667$0$0$3,870,068
95$4,707,045$0$0$4,131,686
96$5,029,955$0$0$4,415,795
97$5,380,850$0$0$4,724,557
98$5,762,427$0$0$5,060,351
99$6,177,657$0$0$5,425,794
100$6,629,805$0$0$5,823,764