Can I retire at age 62 with 828,000?

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 $828,000?

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$68,375$67,766$67,172$66,592$66,026$64,195
2 years$33,849$33,219$32,608$32,015$31,441$29,610
3 years$22,342$21,709$21,099$20,513$19,947$18,174
4 years$16,590$15,958$15,355$14,778$14,227$12,524
5 years$13,139$12,512$11,916$11,351$10,815$9,188
6 years$10,839$10,217$9,630$9,078$8,557$7,008
7 years$9,197$8,580$8,003$7,463$6,959$5,487
8 years$7,966$7,355$6,787$6,261$5,774$4,377
9 years$7,010$6,403$5,845$5,333$4,862$3,541
10 years$6,244$5,644$5,096$4,597$4,143$2,895
11 years$5,619$5,025$4,487$4,001$3,563$2,386
12 years$5,098$4,510$3,982$3,509$3,088$1,980
13 years$4,658$4,076$3,557$3,098$2,692$1,652
14 years$4,280$3,705$3,196$2,750$2,360$1,384
15 years$3,954$3,384$2,886$2,453$2,078$1,163
16 years$3,668$3,105$2,617$2,196$1,837$981
17 years$3,417$2,860$2,381$1,973$1,628$829
18 years$3,193$2,642$2,173$1,778$1,448$702
19 years$2,994$2,449$1,990$1,607$1,291$595
20 years$2,814$2,276$1,826$1,455$1,153$506
21 years$2,652$2,120$1,680$1,321$1,032$430
22 years$2,505$1,979$1,548$1,201$925$366
23 years$2,370$1,851$1,429$1,094$830$312
24 years$2,248$1,734$1,322$997$746$266
25 years$2,135$1,627$1,224$911$671$227
26 years$2,031$1,529$1,136$833$605$194
27 years$1,935$1,439$1,054$762$545$165
28 years$1,845$1,356$980$698$492$141
29 years$1,763$1,279$912$641$444$121
30 years$1,685$1,208$850$588$401$103
31 years$1,613$1,142$792$540$363$88
32 years$1,546$1,081$739$496$328$75
33 years$1,483$1,024$690$456$297$65
34 years$1,423$970$645$420$269$55
35 years$1,368$920$603$386$244$47
36 years$1,315$873$564$356$221$40
37 years$1,265$829$528$328$200$35
38 years$1,218$788$494$302$181$30
39 years$1,174$750$463$279$164$25
40 years$1,132$713$434$257$149$22
41 years$1,092$679$407$237$135$19
42 years$1,054$647$382$219$123$16
43 years$1,018$616$358$202$111$14
44 years$984$587$336$187$101$12
45 years$951$560$316$172$92$10
46 years$920$534$297$159$83$9
47 years$890$510$279$147$76$7
48 years$862$487$262$136$69$6
49 years$834$465$246$126$62$5
50 years$808$444$231$116$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $828,000, adding $2,339 every year, while hoping to spend $25,676 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: 49/46/5 Blend
61$828,000$828,000$828,000$828,000
62$914,869$870,985$858,151$958,462
63$980,866$886,344$859,580$1,003,790
64$1,052,735$901,595$860,196$1,050,053
65$1,131,047$916,706$859,945$1,099,684
66$1,216,431$931,642$858,771$1,153,004
67$1,309,579$946,365$856,612$1,210,365
68$1,411,255$960,835$853,407$1,272,157
69$1,522,296$975,010$849,090$1,338,809
70$1,643,627$988,842$843,591$1,410,793
71$1,776,265$1,002,283$836,839$1,488,631
72$1,921,329$1,015,280$828,758$1,572,898
73$2,080,052$1,027,776$819,269$1,664,229
74$2,253,791$1,039,711$808,288$1,763,323
75$2,444,041$1,051,020$795,729$1,870,952
76$2,652,448$1,061,635$781,501$1,987,967
77$2,880,825$1,071,482$765,508$2,115,307
78$3,131,167$1,080,483$747,651$2,254,006
79$3,405,674$1,088,555$727,826$2,405,207
80$3,706,768$1,095,608$705,923$2,570,168
81$4,037,115$1,101,550$681,828$2,750,279
82$4,399,653$1,106,279$655,422$2,947,071
83$4,797,620$1,109,688$626,580$3,162,235
84$5,234,578$1,111,664$595,172$3,397,633
85$5,714,456$1,112,086$561,061$3,655,321
86$6,241,579$1,110,827$524,105$3,937,566
87$6,820,712$1,107,750$484,154$4,246,867
88$7,457,105$1,102,710$441,054$4,585,982
89$8,156,542$1,095,555$394,641$4,957,952
90$8,925,394$1,086,122$344,747$5,366,129
91$9,770,681$1,074,238$291,192$5,814,213
92$10,700,136$1,059,722$233,793$6,306,281
93$11,722,280$1,042,378$172,355$6,846,832
94$12,846,501$1,022,003$106,678$7,440,825
95$14,083,142$998,379$36,549$8,093,730
96$15,443,598$971,276$0$8,811,578
97$16,940,427$940,449$0$9,603,062
98$18,587,461$905,643$0$10,475,688
99$20,399,946$866,582$0$11,435,602
100$22,394,675$822,979$0$12,491,735