Can I retire at age 62 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$67,632$67,030$66,442$65,868$65,308$64,599
2 years$33,481$32,858$32,253$31,667$31,099$30,385
3 years$22,099$21,473$20,870$20,290$19,731$19,034
4 years$16,409$15,785$15,188$14,618$14,072$13,398
5 years$12,996$12,376$11,787$11,228$10,697$10,048
6 years$10,721$10,106$9,525$8,979$8,464$7,841
7 years$9,097$8,487$7,916$7,382$6,884$6,286
8 years$7,880$7,275$6,713$6,193$5,711$5,138
9 years$6,933$6,334$5,782$5,275$4,809$4,262
10 years$6,177$5,583$5,041$4,547$4,098$3,576
11 years$5,558$4,970$4,438$3,957$3,524$3,027
12 years$5,043$4,461$3,938$3,471$3,054$2,581
13 years$4,607$4,031$3,519$3,064$2,663$2,213
14 years$4,234$3,664$3,162$2,720$2,335$1,908
15 years$3,911$3,348$2,855$2,426$2,055$1,651
16 years$3,628$3,071$2,588$2,172$1,817$1,434
17 years$3,380$2,829$2,355$1,952$1,611$1,249
18 years$3,159$2,614$2,150$1,759$1,432$1,090
19 years$2,961$2,422$1,968$1,589$1,277$954
20 years$2,784$2,251$1,806$1,439$1,140$836
21 years$2,623$2,097$1,661$1,306$1,020$734
22 years$2,477$1,957$1,531$1,188$915$646
23 years$2,345$1,831$1,414$1,082$821$568
24 years$2,223$1,715$1,308$987$738$501
25 years$2,112$1,610$1,211$901$664$442
26 years$2,009$1,513$1,123$824$598$390
27 years$1,914$1,424$1,043$754$539$344
28 years$1,825$1,341$970$691$487$304
29 years$1,743$1,266$902$634$439$269
30 years$1,667$1,195$840$581$397$238
31 years$1,596$1,130$783$534$359$211
32 years$1,529$1,069$731$491$325$187
33 years$1,467$1,012$683$451$294$165
34 years$1,408$960$638$415$266$147
35 years$1,353$910$596$382$241$130
36 years$1,301$864$558$352$218$115
37 years$1,252$820$522$324$198$102
38 years$1,205$780$489$299$179$91
39 years$1,161$741$458$276$163$80
40 years$1,120$705$429$254$148$71
41 years$1,080$671$403$235$134$63
42 years$1,043$639$378$216$121$56
43 years$1,007$609$354$200$110$50
44 years$973$581$333$185$100$44
45 years$941$554$312$170$91$39
46 years$910$528$293$157$82$35
47 years$880$504$276$145$75$31
48 years$852$481$259$134$68$27
49 years$825$460$243$124$62$24
50 years$800$439$229$115$56$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $819,000, adding $5,661 every year, while hoping to spend $21,965 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: 37/48/15 Blend
61$819,000$819,000$819,000$819,000
62$908,377$864,970$852,276$937,649
63$977,661$883,983$857,456$978,211
64$1,053,276$903,192$862,075$1,019,479
65$1,135,844$922,582$866,088$1,063,581
66$1,226,051$942,139$869,452$1,110,783
67$1,324,650$961,847$872,122$1,161,376
68$1,432,474$981,686$874,047$1,215,684
69$1,550,436$1,001,638$875,177$1,274,060
70$1,679,543$1,021,682$875,458$1,336,897
71$1,820,905$1,041,792$874,834$1,404,625
72$1,975,742$1,061,945$873,246$1,477,722
73$2,145,399$1,082,111$870,631$1,556,712
74$2,331,357$1,102,262$866,925$1,642,173
75$2,535,248$1,122,365$862,059$1,734,744
76$2,758,867$1,142,385$855,962$1,835,128
77$3,004,194$1,162,284$848,559$1,944,103
78$3,273,407$1,182,022$839,772$2,062,523
79$3,568,908$1,201,555$829,518$2,191,334
80$3,893,341$1,220,836$817,711$2,331,576
81$4,249,619$1,239,814$804,261$2,484,399
82$4,640,951$1,258,435$789,075$2,651,068
83$5,070,872$1,276,642$772,052$2,832,980
84$5,543,275$1,294,372$753,091$3,031,677
85$6,062,452$1,311,559$732,082$3,248,856
86$6,633,128$1,328,132$708,913$3,486,393
87$7,260,511$1,344,014$683,465$3,746,354
88$7,950,338$1,359,125$655,616$4,031,018
89$8,708,928$1,373,378$625,234$4,342,898
90$9,543,245$1,386,680$592,187$4,684,767
91$10,460,962$1,398,933$556,331$5,059,681
92$11,470,532$1,410,033$517,520$5,471,011
93$12,581,268$1,419,866$475,599$5,922,475
94$13,803,433$1,428,315$430,407$6,418,173
95$15,148,333$1,435,253$381,775$6,962,624
96$16,628,427$1,440,544$329,529$7,560,814
97$18,257,442$1,444,046$273,483$8,218,239
98$20,050,504$1,445,606$213,447$8,940,960
99$22,024,277$1,445,063$149,220$9,735,661
100$24,197,128$1,442,245$80,593$10,609,710