Can I retire at age 62 with 836,000?

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 $836,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$69,036$68,421$67,821$67,236$66,664$65,722
2 years$34,176$33,540$32,923$32,325$31,745$30,798
3 years$22,558$21,919$21,303$20,711$20,140$19,217
4 years$16,750$16,113$15,503$14,921$14,364$13,472
5 years$13,266$12,632$12,031$11,461$10,919$10,062
6 years$10,944$10,315$9,723$9,165$8,640$7,817
7 years$9,286$8,663$8,080$7,535$7,027$6,239
8 years$8,043$7,426$6,852$6,321$5,829$5,077
9 years$7,077$6,465$5,902$5,384$4,909$4,191
10 years$6,305$5,699$5,145$4,641$4,183$3,499
11 years$5,673$5,073$4,530$4,039$3,597$2,947
12 years$5,147$4,554$4,020$3,543$3,117$2,500
13 years$4,703$4,115$3,592$3,128$2,718$2,133
14 years$4,322$3,741$3,227$2,777$2,383$1,829
15 years$3,992$3,417$2,914$2,476$2,098$1,574
16 years$3,704$3,135$2,642$2,217$1,854$1,359
17 years$3,450$2,887$2,404$1,992$1,644$1,177
18 years$3,224$2,668$2,194$1,795$1,462$1,022
19 years$3,023$2,473$2,009$1,622$1,303$889
20 years$2,841$2,298$1,844$1,469$1,164$775
21 years$2,678$2,140$1,696$1,333$1,042$676
22 years$2,529$1,998$1,563$1,212$934$591
23 years$2,393$1,869$1,443$1,104$838$517
24 years$2,269$1,751$1,335$1,007$753$453
25 years$2,155$1,643$1,236$920$678$397
26 years$2,050$1,544$1,146$841$611$348
27 years$1,953$1,453$1,065$770$550$306
28 years$1,863$1,369$990$705$497$268
29 years$1,780$1,292$921$647$449$236
30 years$1,702$1,220$858$594$405$207
31 years$1,629$1,153$800$545$366$182
32 years$1,561$1,091$746$501$331$160
33 years$1,497$1,033$697$461$300$141
34 years$1,437$979$651$424$272$124
35 years$1,381$929$609$390$246$109
36 years$1,328$882$569$359$223$96
37 years$1,278$837$533$331$202$85
38 years$1,230$796$499$305$183$75
39 years$1,185$757$468$281$166$66
40 years$1,143$720$438$260$151$58
41 years$1,103$685$411$239$137$51
42 years$1,064$653$385$221$124$45
43 years$1,028$622$362$204$113$40
44 years$993$593$340$188$102$35
45 years$960$565$319$174$93$31
46 years$929$539$299$161$84$27
47 years$899$515$281$148$76$24
48 years$870$491$264$137$69$21
49 years$843$469$248$127$63$19
50 years$816$448$234$117$57$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $836,000, adding $4,178 every year, while hoping to spend $30,710 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: 52/26/22 Blend
61$836,000$836,000$836,000$836,000
62$925,582$881,274$868,316$967,868
63$987,316$891,781$864,729$1,007,999
64$1,054,317$901,774$859,993$1,048,118
65$1,127,092$911,194$854,037$1,091,113
66$1,206,194$919,982$846,785$1,137,270
67$1,292,235$928,070$838,162$1,186,903
68$1,385,886$935,389$828,084$1,240,359
69$1,487,889$941,865$816,467$1,298,023
70$1,599,056$947,419$803,221$1,360,320
71$1,720,283$951,965$788,252$1,427,718
72$1,852,556$955,416$771,463$1,500,736
73$1,996,960$957,675$752,750$1,579,946
74$2,154,690$958,641$732,007$1,665,982
75$2,327,060$958,207$709,122$1,759,541
76$2,515,519$956,258$683,976$1,861,396
77$2,721,661$952,673$656,448$1,972,399
78$2,947,240$947,323$626,409$2,093,492
79$3,194,189$940,073$593,724$2,225,715
80$3,464,637$930,777$558,254$2,370,215
81$3,760,926$919,281$519,852$2,528,261
82$4,085,638$905,423$478,364$2,701,253
83$4,441,615$889,031$433,632$2,890,737
84$4,831,988$869,922$385,486$3,098,417
85$5,260,204$847,902$333,754$3,326,179
86$5,730,063$822,767$278,253$3,576,101
87$6,245,747$794,300$218,791$3,850,478
88$6,811,863$762,271$155,171$4,151,843
89$7,433,489$726,438$87,185$4,482,992
90$8,116,215$686,544$14,616$4,847,009
91$8,866,202$642,317$0$5,247,300
92$9,690,234$593,470$0$5,702,367
93$10,595,787$539,699$0$6,206,230
94$11,591,097$480,684$0$6,760,084
95$12,685,237$416,085$0$7,369,036
96$13,888,202$345,545$0$8,038,716
97$15,211,005$268,683$0$8,775,330
98$16,665,779$185,100$0$9,585,722
99$18,265,894$94,375$0$10,477,437
100$20,026,076$0$0$11,458,793