Can I retire at age 62 with 850,000?

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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$70,192$69,567$68,957$68,362$67,780$65,822
2 years$34,749$34,101$33,474$32,866$32,276$30,319
3 years$22,936$22,286$21,660$21,058$20,477$18,582
4 years$17,030$16,382$15,763$15,171$14,605$12,786
5 years$13,488$12,844$12,233$11,653$11,102$9,365
6 years$11,127$10,488$9,886$9,319$8,785$7,131
7 years$9,442$8,808$8,215$7,661$7,144$5,574
8 years$8,178$7,550$6,967$6,427$5,927$4,439
9 years$7,196$6,574$6,001$5,474$4,991$3,584
10 years$6,410$5,794$5,232$4,719$4,253$2,925
11 years$5,768$5,158$4,606$4,107$3,658$2,407
12 years$5,234$4,630$4,088$3,602$3,170$1,993
13 years$4,781$4,184$3,652$3,180$2,764$1,659
14 years$4,394$3,803$3,281$2,823$2,423$1,387
15 years$4,059$3,474$2,963$2,518$2,133$1,163
16 years$3,766$3,188$2,686$2,254$1,885$979
17 years$3,507$2,936$2,444$2,026$1,672$825
18 years$3,278$2,713$2,231$1,825$1,486$697
19 years$3,073$2,514$2,043$1,649$1,325$590
20 years$2,889$2,336$1,875$1,494$1,183$500
21 years$2,722$2,176$1,724$1,356$1,059$424
22 years$2,571$2,031$1,589$1,233$949$360
23 years$2,433$1,900$1,467$1,123$852$306
24 years$2,307$1,780$1,357$1,024$766$261
25 years$2,191$1,670$1,257$935$689$222
26 years$2,085$1,570$1,166$855$621$189
27 years$1,986$1,478$1,082$783$560$161
28 years$1,894$1,392$1,006$717$505$137
29 years$1,809$1,313$936$658$456$117
30 years$1,730$1,240$872$603$412$100
31 years$1,656$1,173$813$554$373$85
32 years$1,587$1,109$759$509$337$72
33 years$1,522$1,051$708$468$305$62
34 years$1,461$996$662$431$276$53
35 years$1,404$945$619$397$250$45
36 years$1,350$897$579$365$227$38
37 years$1,299$851$542$337$205$33
38 years$1,251$809$507$310$186$28
39 years$1,205$769$475$286$169$24
40 years$1,162$732$446$264$153$20
41 years$1,121$697$418$243$139$17
42 years$1,082$664$392$225$126$15
43 years$1,045$632$368$207$114$13
44 years$1,010$603$345$192$104$11
45 years$976$575$324$177$94$9
46 years$944$548$304$163$86$8
47 years$914$523$286$151$78$7
48 years$885$500$269$139$71$6
49 years$857$477$253$129$64$5
50 years$830$456$238$119$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $850,000, adding $2,937 every year, while hoping to spend $29,482 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: 73/14/13 Blend
61$850,000$850,000$850,000$850,000
62$939,730$894,680$881,505$1,005,542
63$1,004,213$907,150$879,666$1,061,949
64$1,074,286$919,244$876,778$1,119,792
65$1,150,488$930,911$872,774$1,182,356
66$1,233,410$942,098$867,585$1,250,099
67$1,323,706$952,749$861,137$1,323,530
68$1,422,094$962,803$853,355$1,403,206
69$1,529,363$972,197$844,158$1,489,742
70$1,646,384$980,860$833,463$1,583,818
71$1,774,113$988,720$821,182$1,686,180
72$1,913,603$995,699$807,223$1,797,653
73$2,066,016$1,001,713$791,490$1,919,144
74$2,232,628$1,006,675$773,883$2,051,655
75$2,414,844$1,010,490$754,296$2,196,288
76$2,614,212$1,013,058$732,619$2,354,260
77$2,832,437$1,014,273$708,738$2,526,910
78$3,071,396$1,014,023$682,531$2,715,716
79$3,333,155$1,012,187$653,872$2,922,305
80$3,619,991$1,008,638$622,631$3,148,473
81$3,934,410$1,003,241$588,668$3,396,198
82$4,279,172$995,852$551,842$3,667,661
83$4,657,319$986,321$512,000$3,965,265
84$5,072,200$974,485$468,986$4,291,660
85$5,527,504$960,174$422,636$4,649,767
86$6,027,293$943,206$372,779$5,042,805
87$6,576,045$923,391$319,234$5,474,322
88$7,178,689$900,525$261,816$5,948,231
89$7,840,657$874,392$200,329$6,468,843
90$8,567,933$844,767$134,569$7,040,911
91$9,367,109$811,406$64,323$7,669,674
92$10,245,445$774,057$0$8,360,907
93$11,210,943$732,448$0$9,122,450
94$12,272,416$686,295$0$9,969,463
95$13,439,575$635,296$0$10,900,780
96$14,723,118$579,132$0$11,924,962
97$16,134,834$517,467$0$13,051,440
98$17,687,707$449,943$0$14,290,610
99$19,396,049$376,186$0$15,653,928
100$21,275,623$295,796$0$17,154,018