Can I retire at age 62 with 826,000?

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 $826,000?

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%
1 years$68,210$67,603$67,010$66,431$65,866$65,016
2 years$33,767$33,139$32,529$31,938$31,365$30,510
3 years$22,288$21,656$21,048$20,463$19,899$19,065
4 years$16,549$15,920$15,318$14,743$14,192$13,386
5 years$13,107$12,481$11,887$11,324$10,789$10,013
6 years$10,813$10,192$9,607$9,056$8,537$7,792
7 years$9,175$8,559$7,983$7,445$6,943$6,230
8 years$7,947$7,337$6,770$6,246$5,760$5,078
9 years$6,993$6,388$5,831$5,320$4,850$4,200
10 years$6,229$5,631$5,084$4,586$4,133$3,513
11 years$5,605$5,013$4,476$3,991$3,554$2,964
12 years$5,086$4,499$3,972$3,501$3,080$2,519
13 years$4,646$4,066$3,549$3,091$2,686$2,154
14 years$4,270$3,696$3,189$2,743$2,354$1,850
15 years$3,944$3,376$2,879$2,447$2,073$1,596
16 years$3,659$3,098$2,610$2,191$1,832$1,381
17 years$3,408$2,853$2,375$1,968$1,625$1,198
18 years$3,186$2,636$2,168$1,774$1,444$1,043
19 years$2,986$2,443$1,985$1,603$1,287$909
20 years$2,807$2,270$1,822$1,452$1,150$794
21 years$2,646$2,115$1,676$1,317$1,029$694
22 years$2,499$1,974$1,544$1,198$922$608
23 years$2,365$1,846$1,426$1,091$828$533
24 years$2,242$1,730$1,319$995$744$468
25 years$2,130$1,623$1,221$909$670$411
26 years$2,026$1,526$1,133$831$603$362
27 years$1,930$1,436$1,052$761$544$318
28 years$1,841$1,353$978$697$491$280
29 years$1,758$1,276$910$639$443$247
30 years$1,681$1,205$848$586$400$217
31 years$1,610$1,139$790$539$362$192
32 years$1,542$1,078$737$495$327$169
33 years$1,479$1,021$688$455$296$149
34 years$1,420$968$643$419$268$132
35 years$1,364$918$601$386$243$116
36 years$1,312$871$563$355$220$103
37 years$1,262$827$527$327$200$91
38 years$1,216$786$493$302$181$80
39 years$1,171$748$462$278$164$71
40 years$1,129$711$433$256$149$62
41 years$1,089$677$406$237$135$55
42 years$1,052$645$381$218$123$49
43 years$1,016$615$357$202$111$43
44 years$981$586$335$186$101$38
45 years$949$559$315$172$92$34
46 years$918$533$296$159$83$30
47 years$888$508$278$147$76$26
48 years$860$485$261$136$69$23
49 years$832$464$245$125$62$20
50 years$806$443$231$116$57$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $826,000, adding $6,780 every year, while hoping to spend $35,345 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: 57/20/23 Blend
61$826,000$826,000$826,000$826,000
62$917,246$873,468$860,665$963,467
63$973,198$878,661$851,890$1,000,991
64$1,033,673$882,924$841,637$1,037,524
65$1,099,094$886,174$829,818$1,076,583
66$1,169,928$888,322$816,344$1,118,419
67$1,246,686$889,276$801,117$1,163,314
68$1,329,933$888,936$784,040$1,211,575
69$1,420,288$887,195$765,007$1,263,546
70$1,518,433$883,943$743,909$1,319,605
71$1,625,116$879,059$720,633$1,380,171
72$1,741,162$872,417$695,059$1,445,706
73$1,867,479$863,885$667,062$1,516,725
74$2,005,066$853,318$636,512$1,593,792
75$2,155,019$840,568$603,273$1,677,533
76$2,318,550$825,474$567,201$1,768,642
77$2,496,987$807,868$528,147$1,867,883
78$2,691,797$787,570$485,957$1,976,102
79$2,904,591$764,392$440,467$2,094,233
80$3,137,144$738,132$391,507$2,223,309
81$3,391,410$708,578$338,901$2,364,470
82$3,669,542$675,506$282,461$2,518,978
83$3,973,907$638,678$221,996$2,688,224
84$4,307,115$597,842$157,302$2,873,746
85$4,672,037$552,733$88,169$3,077,243
86$5,071,839$503,071$14,376$3,300,592
87$5,510,002$448,557$0$3,545,862
88$5,990,365$388,879$0$3,831,141
89$6,517,152$323,704$0$4,147,947
90$7,095,018$252,682$0$4,495,597
91$7,729,090$175,444$0$4,877,235
92$8,425,014$91,597$0$5,296,324
93$9,189,011$731$0$5,756,685
94$10,027,931$0$0$6,262,530
95$10,949,323$0$0$6,839,980
96$11,961,501$0$0$7,474,581
97$13,073,625$0$0$8,171,925
98$14,295,785$0$0$8,938,348
99$15,639,097$0$0$9,780,832
100$17,115,810$0$0$10,707,069