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%12.8%
1 years$69,036$68,421$67,821$67,236$66,664$65,885
2 years$34,176$33,540$32,923$32,325$31,745$30,961
3 years$22,558$21,919$21,303$20,711$20,140$19,376
4 years$16,750$16,113$15,503$14,921$14,364$13,625
5 years$13,266$12,632$12,031$11,461$10,919$10,208
6 years$10,944$10,315$9,723$9,165$8,640$7,956
7 years$9,286$8,663$8,080$7,535$7,027$6,371
8 years$8,043$7,426$6,852$6,321$5,829$5,202
9 years$7,077$6,465$5,902$5,384$4,909$4,310
10 years$6,305$5,699$5,145$4,641$4,183$3,612
11 years$5,673$5,073$4,530$4,039$3,597$3,054
12 years$5,147$4,554$4,020$3,543$3,117$2,600
13 years$4,703$4,115$3,592$3,128$2,718$2,227
14 years$4,322$3,741$3,227$2,777$2,383$1,917
15 years$3,992$3,417$2,914$2,476$2,098$1,657
16 years$3,704$3,135$2,642$2,217$1,854$1,437
17 years$3,450$2,887$2,404$1,992$1,644$1,250
18 years$3,224$2,668$2,194$1,795$1,462$1,089
19 years$3,023$2,473$2,009$1,622$1,303$952
20 years$2,841$2,298$1,844$1,469$1,164$833
21 years$2,678$2,140$1,696$1,333$1,042$730
22 years$2,529$1,998$1,563$1,212$934$641
23 years$2,393$1,869$1,443$1,104$838$564
24 years$2,269$1,751$1,335$1,007$753$496
25 years$2,155$1,643$1,236$920$678$437
26 years$2,050$1,544$1,146$841$611$385
27 years$1,953$1,453$1,065$770$550$339
28 years$1,863$1,369$990$705$497$300
29 years$1,780$1,292$921$647$449$265
30 years$1,702$1,220$858$594$405$234
31 years$1,629$1,153$800$545$366$207
32 years$1,561$1,091$746$501$331$183
33 years$1,497$1,033$697$461$300$161
34 years$1,437$979$651$424$272$143
35 years$1,381$929$609$390$246$126
36 years$1,328$882$569$359$223$112
37 years$1,278$837$533$331$202$99
38 years$1,230$796$499$305$183$88
39 years$1,185$757$468$281$166$78
40 years$1,143$720$438$260$151$69
41 years$1,103$685$411$239$137$61
42 years$1,064$653$385$221$124$54
43 years$1,028$622$362$204$113$48
44 years$993$593$340$188$102$42
45 years$960$565$319$174$93$37
46 years$929$539$299$161$84$33
47 years$899$515$281$148$76$29
48 years$870$491$264$137$69$26
49 years$843$469$248$127$63$23
50 years$816$448$234$117$57$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $836,000, adding $3,164 every year, while hoping to spend $54,158 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: 46/27/27 Blend
61$836,000$836,000$836,000$836,000
62$924,536$880,228$867,270$959,754
63$961,215$865,735$838,700$970,483
64$999,820$848,717$807,357$976,613
65$1,040,490$828,993$773,092$982,211
66$1,083,378$806,372$735,749$987,257
67$1,128,648$780,649$695,162$991,733
68$1,176,480$751,611$651,160$995,619
69$1,227,072$719,031$603,565$998,903
70$1,280,638$682,668$552,189$1,001,573
71$1,337,412$642,268$496,836$1,003,620
72$1,397,651$597,562$437,303$1,005,043
73$1,461,635$548,266$373,376$1,005,843
74$1,529,670$494,080$304,832$1,006,029
75$1,602,091$434,685$231,439$1,005,615
76$1,679,266$369,746$152,954$1,004,625
77$1,761,596$298,908$69,123$1,003,092
78$1,849,522$221,798$0$1,001,059
79$1,943,526$138,018$0$1,004,441
80$2,044,137$47,152$0$1,029,081
81$2,151,934$0$0$1,055,213
82$2,267,555$0$0$1,098,250
83$2,391,698$0$0$1,159,567
84$2,525,127$0$0$1,225,541
85$2,668,685$0$0$1,296,596
86$2,823,295$0$0$1,373,200
87$2,989,970$0$0$1,455,865
88$3,169,826$0$0$1,545,153
89$3,364,085$0$0$1,641,684
90$3,574,094$0$0$1,746,137
91$3,801,329$0$0$1,859,259
92$4,047,417$0$0$1,981,873
93$4,314,145$0$0$2,114,883
94$4,603,476$0$0$2,259,281
95$4,917,571$0$0$2,416,161
96$5,258,807$0$0$2,586,726
97$5,629,798$0$0$2,772,298
98$6,033,419$0$0$2,974,333
99$6,472,836$0$0$3,194,432
100$6,951,529$0$0$3,434,357