Can I retire at age 62 with 815,000?

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 $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%16.8%
1 years$67,302$66,702$66,118$65,547$64,989$63,188
2 years$33,318$32,697$32,096$31,513$30,947$29,146
3 years$21,991$21,368$20,768$20,191$19,634$17,889
4 years$16,329$15,708$15,114$14,546$14,003$12,328
5 years$12,933$12,315$11,729$11,173$10,645$9,044
6 years$10,669$10,056$9,479$8,935$8,423$6,898
7 years$9,053$8,445$7,877$7,346$6,850$5,401
8 years$7,841$7,239$6,680$6,162$5,683$4,309
9 years$6,899$6,303$5,754$5,249$4,786$3,485
10 years$6,146$5,556$5,016$4,525$4,078$2,850
11 years$5,531$4,946$4,416$3,938$3,507$2,349
12 years$5,018$4,439$3,919$3,454$3,039$1,949
13 years$4,584$4,012$3,502$3,049$2,650$1,626
14 years$4,213$3,647$3,146$2,707$2,323$1,362
15 years$3,892$3,331$2,841$2,414$2,045$1,145
16 years$3,611$3,056$2,575$2,162$1,808$965
17 years$3,363$2,815$2,344$1,942$1,603$816
18 years$3,143$2,601$2,139$1,750$1,425$691
19 years$2,947$2,411$1,958$1,581$1,270$586
20 years$2,770$2,240$1,797$1,432$1,135$498
21 years$2,610$2,086$1,653$1,300$1,015$423
22 years$2,465$1,948$1,524$1,182$910$360
23 years$2,333$1,822$1,407$1,076$817$307
24 years$2,212$1,707$1,301$982$734$262
25 years$2,101$1,602$1,205$897$661$223
26 years$1,999$1,505$1,118$820$595$191
27 years$1,904$1,417$1,038$750$537$163
28 years$1,816$1,335$965$688$484$139
29 years$1,735$1,259$898$630$437$119
30 years$1,659$1,189$836$579$395$102
31 years$1,588$1,124$780$531$357$87
32 years$1,522$1,064$727$488$323$74
33 years$1,460$1,007$679$449$292$64
34 years$1,401$955$635$413$265$54
35 years$1,346$906$593$380$240$46
36 years$1,294$860$555$350$217$40
37 years$1,246$816$520$323$197$34
38 years$1,199$776$487$298$179$29
39 years$1,156$738$456$274$162$25
40 years$1,114$702$427$253$147$21
41 years$1,075$668$401$233$133$18
42 years$1,038$636$376$215$121$16
43 years$1,002$606$353$199$110$13
44 years$968$578$331$184$100$11
45 years$936$551$311$170$90$10
46 years$905$526$292$157$82$8
47 years$876$502$274$145$75$7
48 years$848$479$258$134$68$6
49 years$821$457$242$124$61$5
50 years$796$437$228$114$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $815,000, adding $2,712 every year, while hoping to spend $50,198 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: 56/14/30 Blend
61$815,000$815,000$815,000$815,000
62$900,927$857,732$845,100$943,763
63$939,412$846,351$820,000$962,220
64$980,139$832,730$792,378$976,913
65$1,023,285$816,705$762,094$991,925
66$1,069,042$798,105$729,006$1,007,305
67$1,117,620$776,748$692,963$1,023,108
68$1,169,247$752,439$653,808$1,039,400
69$1,224,177$724,975$611,377$1,056,254
70$1,282,682$694,138$565,498$1,073,755
71$1,345,065$659,700$515,991$1,092,000
72$1,411,655$621,418$462,670$1,111,099
73$1,482,812$579,037$405,338$1,131,177
74$1,558,934$532,284$343,791$1,152,374
75$1,640,453$480,874$277,816$1,174,851
76$1,727,847$424,504$207,191$1,198,788
77$1,821,636$362,854$131,681$1,224,388
78$1,922,395$295,586$51,044$1,251,881
79$2,030,753$222,343$0$1,281,523
80$2,147,399$142,748$0$1,324,810
81$2,273,093$56,402$0$1,389,024
82$2,408,668$0$0$1,458,262
83$2,555,038$0$0$1,538,740
84$2,713,210$0$0$1,635,153
85$2,884,288$0$0$1,739,493
86$3,069,488$0$0$1,852,509
87$3,270,145$0$0$1,975,024
88$3,487,727$0$0$2,107,942
89$3,723,849$0$0$2,252,260
90$3,980,288$0$0$2,409,070
91$4,258,996$0$0$2,579,578
92$4,562,124$0$0$2,765,109
93$4,892,034$0$0$2,967,120
94$5,251,330$0$0$3,187,215
95$5,642,873$0$0$3,427,160
96$6,069,815$0$0$3,688,897
97$6,535,624$0$0$3,974,564
98$7,044,115$0$0$4,286,515
99$7,599,491$0$0$4,627,341
100$8,206,377$0$0$4,999,895