Can I retire at age 62 with 828,000?

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 $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%11.6%
1 years$68,375$67,766$67,172$66,592$66,026$65,582
2 years$33,849$33,219$32,608$32,015$31,441$30,994
3 years$22,342$21,709$21,099$20,513$19,947$19,510
4 years$16,590$15,958$15,355$14,778$14,227$13,803
5 years$13,139$12,512$11,916$11,351$10,815$10,406
6 years$10,839$10,217$9,630$9,078$8,557$8,163
7 years$9,197$8,580$8,003$7,463$6,959$6,581
8 years$7,966$7,355$6,787$6,261$5,774$5,410
9 years$7,010$6,403$5,845$5,333$4,862$4,514
10 years$6,244$5,644$5,096$4,597$4,143$3,810
11 years$5,619$5,025$4,487$4,001$3,563$3,245
12 years$5,098$4,510$3,982$3,509$3,088$2,784
13 years$4,658$4,076$3,557$3,098$2,692$2,404
14 years$4,280$3,705$3,196$2,750$2,360$2,085
15 years$3,954$3,384$2,886$2,453$2,078$1,817
16 years$3,668$3,105$2,617$2,196$1,837$1,588
17 years$3,417$2,860$2,381$1,973$1,628$1,393
18 years$3,193$2,642$2,173$1,778$1,448$1,225
19 years$2,994$2,449$1,990$1,607$1,291$1,080
20 years$2,814$2,276$1,826$1,455$1,153$953
21 years$2,652$2,120$1,680$1,321$1,032$843
22 years$2,505$1,979$1,548$1,201$925$747
23 years$2,370$1,851$1,429$1,094$830$663
24 years$2,248$1,734$1,322$997$746$588
25 years$2,135$1,627$1,224$911$671$523
26 years$2,031$1,529$1,136$833$605$465
27 years$1,935$1,439$1,054$762$545$414
28 years$1,845$1,356$980$698$492$369
29 years$1,763$1,279$912$641$444$329
30 years$1,685$1,208$850$588$401$294
31 years$1,613$1,142$792$540$363$262
32 years$1,546$1,081$739$496$328$234
33 years$1,483$1,024$690$456$297$209
34 years$1,423$970$645$420$269$187
35 years$1,368$920$603$386$244$167
36 years$1,315$873$564$356$221$149
37 years$1,265$829$528$328$200$133
38 years$1,218$788$494$302$181$119
39 years$1,174$750$463$279$164$107
40 years$1,132$713$434$257$149$96
41 years$1,092$679$407$237$135$85
42 years$1,054$647$382$219$123$77
43 years$1,018$616$358$202$111$68
44 years$984$587$336$187$101$61
45 years$951$560$316$172$92$55
46 years$920$534$297$159$83$49
47 years$890$510$279$147$76$44
48 years$862$487$262$136$69$39
49 years$834$465$246$126$62$35
50 years$808$444$231$116$57$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $828,000, adding $5,642 every year, while hoping to spend $54,688 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: 47/24/29 Blend
61$828,000$828,000$828,000$828,000
62$918,276$874,392$861,558$953,566
63$953,752$859,049$832,232$963,732
64$991,014$841,122$800,092$969,013
65$1,030,187$820,426$764,983$973,700
66$1,071,404$796,766$726,749$977,767
67$1,114,815$769,934$685,222$981,190
68$1,160,578$739,713$640,229$983,943
69$1,208,868$705,870$591,588$986,004
70$1,259,877$668,162$539,110$987,355
71$1,313,811$626,328$482,597$987,978
72$1,370,897$580,096$421,842$987,859
73$1,431,383$529,175$356,628$986,990
74$1,495,539$473,260$286,730$985,366
75$1,563,661$412,026$211,912$982,988
76$1,636,072$345,133$131,929$979,864
77$1,713,126$272,219$46,523$976,009
78$1,795,209$192,903$0$971,448
79$1,882,747$106,781$0$980,023
80$1,976,203$13,429$0$1,004,232
81$2,076,086$0$0$1,029,814
82$2,182,954$0$0$1,080,074
83$2,297,418$0$0$1,137,767
84$2,420,150$0$0$1,199,692
85$2,551,884$0$0$1,266,228
86$2,693,429$0$0$1,337,792
87$2,845,672$0$0$1,414,841
88$3,009,584$0$0$1,497,878
89$3,186,236$0$0$1,587,454
90$3,376,801$0$0$1,684,176
91$3,582,569$0$0$1,788,710
92$3,804,957$0$0$1,901,789
93$4,045,524$0$0$2,024,216
94$4,305,980$0$0$2,156,876
95$4,588,210$0$0$2,300,743
96$4,894,282$0$0$2,456,886
97$5,226,472$0$0$2,626,482
98$5,587,285$0$0$2,810,825
99$5,979,473$0$0$3,011,339
100$6,406,067$0$0$3,229,591