Can I retire at age 62 with 825,000?

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 $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$68,128$67,521$66,929$66,351$65,787$64,965
2 years$33,727$33,098$32,490$31,899$31,327$30,500
3 years$22,261$21,630$21,023$20,438$19,875$19,069
4 years$16,529$15,900$15,299$14,725$14,175$13,395
5 years$13,091$12,466$11,873$11,310$10,776$10,025
6 years$10,800$10,180$9,595$9,045$8,526$7,806
7 years$9,164$8,549$7,974$7,436$6,934$6,244
8 years$7,938$7,328$6,762$6,238$5,753$5,092
9 years$6,984$6,380$5,824$5,313$4,845$4,214
10 years$6,222$5,624$5,078$4,580$4,128$3,527
11 years$5,599$5,007$4,470$3,986$3,550$2,978
12 years$5,080$4,494$3,967$3,496$3,076$2,533
13 years$4,641$4,061$3,545$3,087$2,683$2,167
14 years$4,265$3,691$3,185$2,740$2,352$1,862
15 years$3,940$3,372$2,875$2,444$2,071$1,607
16 years$3,655$3,094$2,607$2,188$1,830$1,392
17 years$3,404$2,849$2,372$1,966$1,623$1,209
18 years$3,182$2,633$2,166$1,772$1,443$1,052
19 years$2,983$2,440$1,982$1,601$1,286$918
20 years$2,804$2,267$1,819$1,450$1,149$803
21 years$2,642$2,112$1,674$1,316$1,028$703
22 years$2,496$1,972$1,542$1,196$921$616
23 years$2,362$1,844$1,424$1,090$827$540
24 years$2,239$1,728$1,317$994$743$475
25 years$2,127$1,621$1,220$908$669$417
26 years$2,023$1,524$1,131$830$603$367
27 years$1,928$1,434$1,051$760$543$323
28 years$1,839$1,351$977$696$490$285
29 years$1,756$1,275$909$638$443$251
30 years$1,679$1,204$847$586$400$222
31 years$1,608$1,138$789$538$362$195
32 years$1,540$1,077$736$494$327$173
33 years$1,477$1,020$688$455$296$152
34 years$1,418$967$642$418$268$135
35 years$1,363$917$601$385$243$119
36 years$1,310$870$562$355$220$105
37 years$1,261$826$526$327$199$93
38 years$1,214$785$492$301$181$82
39 years$1,170$747$461$278$164$72
40 years$1,128$711$432$256$149$64
41 years$1,088$676$406$236$135$57
42 years$1,050$644$380$218$122$50
43 years$1,014$614$357$201$111$44
44 years$980$585$335$186$101$39
45 years$948$558$315$172$92$35
46 years$917$532$295$159$83$31
47 years$887$508$278$147$75$27
48 years$859$485$261$135$69$24
49 years$831$463$245$125$62$21
50 years$805$442$231$116$57$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $825,000, adding $3,146 every year, while hoping to spend $47,937 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: 55/31/14 Blend
61$825,000$825,000$825,000$825,000
62$912,395$868,670$855,883$959,077
63$954,455$860,230$833,550$982,715
64$999,198$849,770$808,863$1,002,982
65$1,046,848$837,141$781,691$1,023,950
66$1,097,648$822,183$751,900$1,045,696
67$1,151,867$804,728$719,347$1,068,306
68$1,209,797$784,600$683,885$1,091,879
69$1,271,760$761,609$645,359$1,116,527
70$1,338,108$735,556$603,607$1,142,374
71$1,409,228$706,231$558,460$1,169,562
72$1,485,542$673,409$509,742$1,198,251
73$1,567,517$636,856$457,268$1,228,618
74$1,655,662$596,320$400,845$1,260,863
75$1,750,538$551,538$340,271$1,295,212
76$1,852,761$502,231$275,338$1,331,917
77$1,963,005$448,104$205,825$1,371,260
78$2,082,015$388,844$131,503$1,413,555
79$2,210,605$324,121$52,133$1,459,157
80$2,349,672$253,589$0$1,508,459
81$2,500,202$176,878$0$1,566,767
82$2,663,278$93,601$0$1,638,334
83$2,840,092$3,347$0$1,715,952
84$3,031,953$0$0$1,800,274
85$3,240,303$0$0$1,924,199
86$3,466,726$0$0$2,060,182
87$3,712,965$0$0$2,208,136
88$3,980,938$0$0$2,369,222
89$4,272,756$0$0$2,544,719
90$4,590,741$0$0$2,736,032
91$4,937,449$0$0$2,944,710
92$5,315,692$0$0$3,172,455
93$5,728,566$0$0$3,421,142
94$6,179,480$0$0$3,692,836
95$6,672,185$0$0$3,989,810
96$7,210,811$0$0$4,314,564
97$7,799,906$0$0$4,669,853
98$8,444,478$0$0$5,058,711
99$9,150,038$0$0$5,484,478
100$9,922,658$0$0$5,950,830