Can I retire at age 62 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$69,119$68,503$67,902$67,316$66,744$64,789
2 years$34,217$33,580$32,962$32,363$31,783$29,829
3 years$22,585$21,945$21,329$20,736$20,164$18,273
4 years$16,770$16,132$15,522$14,939$14,381$12,567
5 years$13,282$12,648$12,046$11,474$10,932$9,200
6 years$10,957$10,328$9,735$9,176$8,650$7,002
7 years$9,297$8,673$8,090$7,544$7,035$5,470
8 years$8,053$7,434$6,861$6,329$5,836$4,353
9 years$7,086$6,473$5,909$5,391$4,915$3,513
10 years$6,312$5,706$5,152$4,647$4,188$2,865
11 years$5,680$5,079$4,535$4,044$3,602$2,356
12 years$5,153$4,559$4,025$3,547$3,121$1,949
13 years$4,708$4,120$3,596$3,132$2,722$1,622
14 years$4,327$3,745$3,231$2,780$2,386$1,355
15 years$3,997$3,421$2,917$2,479$2,101$1,136
16 years$3,708$3,139$2,645$2,220$1,857$955
17 years$3,454$2,891$2,407$1,995$1,646$805
18 years$3,228$2,671$2,197$1,797$1,464$679
19 years$3,026$2,476$2,011$1,624$1,305$574
20 years$2,845$2,300$1,846$1,471$1,165$486
21 years$2,681$2,143$1,698$1,335$1,043$412
22 years$2,532$2,000$1,565$1,214$935$350
23 years$2,396$1,871$1,445$1,105$839$297
24 years$2,272$1,753$1,336$1,008$754$253
25 years$2,158$1,645$1,238$921$679$215
26 years$2,053$1,546$1,148$842$611$183
27 years$1,956$1,455$1,066$771$551$156
28 years$1,865$1,371$991$706$497$132
29 years$1,782$1,293$922$647$449$113
30 years$1,704$1,221$859$594$406$96
31 years$1,631$1,155$801$546$367$82
32 years$1,563$1,093$747$502$332$70
33 years$1,499$1,035$698$461$300$60
34 years$1,439$981$652$424$272$51
35 years$1,383$930$609$391$246$43
36 years$1,329$883$570$360$223$37
37 years$1,279$838$534$331$202$31
38 years$1,232$797$500$306$183$27
39 years$1,187$758$468$282$166$23
40 years$1,144$721$439$260$151$20
41 years$1,104$686$411$240$137$17
42 years$1,066$654$386$221$124$14
43 years$1,029$623$362$204$113$12
44 years$994$594$340$189$102$10
45 years$961$566$319$174$93$9
46 years$930$540$300$161$84$8
47 years$900$515$282$149$77$6
48 years$871$492$265$137$70$5
49 years$844$470$249$127$63$5
50 years$817$449$234$117$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $837,000, adding $4,192 every year, while hoping to spend $58,956 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: 51/28/21 Blend
61$837,000$837,000$837,000$837,000
62$926,698$882,337$869,364$968,351
63$958,493$862,843$835,758$978,080
64$991,554$840,417$799,052$982,252
65$1,025,950$814,855$759,077$985,547
66$1,061,751$785,938$715,661$987,905
67$1,099,036$753,435$668,622$989,261
68$1,137,887$717,102$617,770$989,551
69$1,178,393$676,682$562,907$988,705
70$1,220,651$631,901$503,826$986,652
71$1,264,764$582,471$440,310$983,319
72$1,310,844$528,086$372,135$978,631
73$1,359,012$468,424$299,064$972,510
74$1,409,399$403,145$220,850$964,875
75$1,462,146$331,887$137,237$955,646
76$1,517,406$254,271$47,956$944,737
77$1,575,346$169,895$0$932,065
78$1,636,145$78,333$0$928,145
79$1,699,999$0$0$934,443
80$1,767,121$0$0$946,610
81$1,837,742$0$0$984,834
82$1,912,113$0$0$1,025,119
83$1,990,507$0$0$1,067,618
84$2,073,224$0$0$1,112,498
85$2,160,588$0$0$1,159,938
86$2,252,953$0$0$1,210,137
87$2,350,707$0$0$1,263,311
88$2,454,273$0$0$1,319,695
89$2,564,112$0$0$1,379,548
90$2,680,729$0$0$1,443,150
91$2,804,676$0$0$1,510,812
92$2,936,557$0$0$1,582,869
93$3,077,032$0$0$1,659,691
94$3,226,825$0$0$1,741,684
95$3,386,730$0$0$1,829,290
96$3,557,614$0$0$1,922,995
97$3,740,429$0$0$2,023,333
98$3,936,220$0$0$2,130,887
99$4,146,130$0$0$2,246,298
100$4,371,417$0$0$2,370,271