Can I retire at age 62 with 852,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $852,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$70,357$69,731$69,119$68,522$67,940$65,425
2 years$34,830$34,182$33,553$32,943$32,352$29,847
3 years$22,990$22,338$21,711$21,107$20,526$18,109
4 years$17,070$16,421$15,800$15,207$14,639$12,329
5 years$13,520$12,874$12,262$11,680$11,128$8,931
6 years$11,153$10,513$9,909$9,341$8,805$6,723
7 years$9,464$8,829$8,235$7,679$7,161$5,192
8 years$8,197$7,568$6,984$6,442$5,941$4,084
9 years$7,213$6,589$6,015$5,487$5,003$3,256
10 years$6,425$5,808$5,244$4,730$4,263$2,622
11 years$5,782$5,170$4,617$4,117$3,666$2,128
12 years$5,246$4,641$4,097$3,611$3,177$1,738
13 years$4,793$4,194$3,661$3,188$2,770$1,426
14 years$4,405$3,812$3,289$2,830$2,429$1,175
15 years$4,068$3,482$2,970$2,524$2,138$971
16 years$3,775$3,195$2,692$2,260$1,890$805
17 years$3,516$2,943$2,450$2,030$1,676$668
18 years$3,286$2,719$2,236$1,830$1,490$556
19 years$3,080$2,520$2,047$1,653$1,328$463
20 years$2,896$2,342$1,879$1,497$1,186$386
21 years$2,729$2,181$1,728$1,359$1,062$322
22 years$2,577$2,036$1,593$1,236$951$269
23 years$2,439$1,904$1,471$1,125$854$225
24 years$2,313$1,784$1,360$1,026$768$188
25 years$2,197$1,674$1,260$937$691$158
26 years$2,090$1,574$1,168$857$622$132
27 years$1,991$1,481$1,085$784$561$111
28 years$1,899$1,396$1,009$719$506$93
29 years$1,814$1,317$939$659$457$78
30 years$1,734$1,243$874$605$413$65
31 years$1,660$1,175$815$556$373$54
32 years$1,591$1,112$760$511$338$46
33 years$1,526$1,053$710$469$306$38
34 years$1,465$998$663$432$277$32
35 years$1,407$947$620$398$251$27
36 years$1,353$899$580$366$227$23
37 years$1,302$853$543$337$206$19
38 years$1,254$811$509$311$187$16
39 years$1,208$771$476$287$169$13
40 years$1,165$734$447$265$154$11
41 years$1,124$699$419$244$139$9
42 years$1,085$665$393$225$126$8
43 years$1,048$634$369$208$115$7
44 years$1,012$604$346$192$104$6
45 years$979$576$325$177$95$5
46 years$947$550$305$164$86$4
47 years$916$525$287$151$78$3
48 years$887$501$269$140$71$3
49 years$859$478$253$129$64$2
50 years$832$457$238$119$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $852,000, adding $6,585 every year, while hoping to spend $31,742 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: 44/34/22 Blend
61$852,000$852,000$852,000$852,000
62$945,696$900,540$887,334$981,021
63$1,008,384$910,894$883,287$1,016,985
64$1,076,402$920,690$878,040$1,052,340
65$1,150,261$929,870$871,520$1,090,020
66$1,230,521$938,367$863,649$1,130,255
67$1,317,800$946,113$854,348$1,173,303
68$1,412,778$953,034$843,530$1,219,448
69$1,516,200$959,052$831,107$1,269,003
70$1,628,890$964,084$816,987$1,322,316
71$1,751,753$968,040$801,073$1,379,774
72$1,885,785$970,826$783,261$1,441,801
73$2,032,081$972,343$763,447$1,508,870
74$2,191,849$972,483$741,518$1,581,502
75$2,366,417$971,134$717,358$1,660,275
76$2,557,247$968,175$690,845$1,745,828
77$2,765,949$963,479$661,851$1,838,866
78$2,994,297$956,911$630,245$1,940,172
79$3,244,243$948,327$595,885$2,050,608
80$3,517,936$937,575$558,627$2,171,130
81$3,817,742$924,493$518,318$2,302,794
82$4,146,270$908,911$474,800$2,446,766
83$4,506,390$890,648$427,906$2,604,338
84$4,901,264$869,512$377,463$2,776,933
85$5,334,374$845,300$323,290$2,966,127
86$5,809,557$817,797$265,197$3,173,661
87$6,331,038$786,774$202,987$3,401,457
88$6,903,470$751,993$136,453$3,651,639
89$7,531,981$713,197$65,381$3,926,554
90$8,222,216$670,117$0$4,228,791
91$8,980,398$622,468$0$4,563,671
92$9,813,379$569,950$0$4,948,434
93$10,728,709$512,242$0$5,371,263
94$11,734,705$449,010$0$5,836,071
95$12,840,530$379,897$0$6,347,172
96$14,056,279$304,527$0$6,909,329
97$15,393,075$222,504$0$7,527,790
98$16,863,169$133,407$0$8,208,349
99$18,480,063$36,795$0$8,957,392
100$20,258,632$0$0$9,781,964