Can I retire at age 62 with 854,000?

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 $854,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$70,523$69,894$69,281$68,683$68,099$66,834
2 years$34,912$34,262$33,632$33,021$32,428$31,158
3 years$23,044$22,391$21,762$21,157$20,574$19,338
4 years$17,110$16,459$15,837$15,242$14,673$13,482
5 years$13,551$12,904$12,290$11,708$11,154$10,011
6 years$11,180$10,537$9,932$9,363$8,826$7,732
7 years$9,486$8,849$8,254$7,697$7,178$6,133
8 years$8,217$7,585$7,000$6,457$5,955$4,959
9 years$7,230$6,605$6,029$5,500$5,015$4,067
10 years$6,441$5,822$5,256$4,741$4,273$3,373
11 years$5,795$5,183$4,628$4,126$3,675$2,821
12 years$5,258$4,652$4,107$3,619$3,185$2,377
13 years$4,804$4,204$3,669$3,195$2,777$2,013
14 years$4,415$3,821$3,297$2,836$2,434$1,713
15 years$4,078$3,491$2,977$2,530$2,143$1,463
16 years$3,784$3,203$2,699$2,265$1,894$1,254
17 years$3,524$2,949$2,456$2,035$1,680$1,078
18 years$3,294$2,725$2,242$1,834$1,493$928
19 years$3,088$2,526$2,052$1,657$1,331$801
20 years$2,902$2,347$1,883$1,501$1,189$692
21 years$2,735$2,186$1,732$1,362$1,064$599
22 years$2,583$2,041$1,597$1,239$954$519
23 years$2,445$1,909$1,474$1,128$856$450
24 years$2,318$1,788$1,363$1,029$770$391
25 years$2,202$1,678$1,263$940$692$340
26 years$2,094$1,577$1,171$859$624$295
27 years$1,995$1,484$1,088$786$562$257
28 years$1,903$1,399$1,011$720$507$224
29 years$1,818$1,320$941$661$458$195
30 years$1,738$1,246$876$606$414$170
31 years$1,664$1,178$817$557$374$148
32 years$1,595$1,115$762$512$339$129
33 years$1,529$1,056$712$471$306$112
34 years$1,468$1,001$665$433$277$98
35 years$1,411$949$622$399$251$86
36 years$1,356$901$582$367$228$75
37 years$1,305$855$544$338$206$65
38 years$1,257$813$510$312$187$57
39 years$1,211$773$478$287$170$50
40 years$1,168$736$448$265$154$43
41 years$1,126$700$420$245$140$38
42 years$1,087$667$394$226$127$33
43 years$1,050$635$369$208$115$29
44 years$1,015$606$347$192$104$25
45 years$981$577$326$178$95$22
46 years$949$551$306$164$86$19
47 years$918$526$287$152$78$17
48 years$889$502$270$140$71$15
49 years$861$479$254$130$64$13
50 years$834$458$239$120$59$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $854,000, adding $6,878 every year, while hoping to spend $51,054 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: 47/30/23 Blend
61$854,000$854,000$854,000$854,000
62$948,203$902,941$889,704$986,255
63$990,598$892,864$865,188$1,003,535
64$1,035,607$880,582$838,139$1,016,673
65$1,083,442$865,933$808,420$1,029,898
66$1,134,335$848,746$775,884$1,043,243
67$1,188,542$828,839$740,380$1,056,747
68$1,246,340$806,019$701,750$1,070,455
69$1,308,036$780,083$659,828$1,084,423
70$1,373,963$750,815$614,440$1,098,715
71$1,444,489$717,987$565,406$1,113,406
72$1,520,016$681,357$512,536$1,128,584
73$1,600,985$640,671$455,633$1,144,350
74$1,687,879$595,657$394,490$1,160,820
75$1,781,229$546,031$328,892$1,178,129
76$1,881,619$491,491$258,614$1,196,430
77$1,989,687$431,717$183,421$1,215,899
78$2,106,137$366,373$103,067$1,236,735
79$2,231,740$295,103$17,297$1,259,164
80$2,367,344$217,529$0$1,283,445
81$2,513,881$133,256$0$1,328,087
82$2,672,374$41,863$0$1,380,915
83$2,843,949$0$0$1,438,123
84$3,029,843$0$0$1,519,051
85$3,231,416$0$0$1,621,872
86$3,450,164$0$0$1,733,538
87$3,687,732$0$0$1,854,901
88$3,945,930$0$0$1,986,896
89$4,226,750$0$0$2,130,553
90$4,532,380$0$0$2,287,003
91$4,865,231$0$0$2,457,495
92$5,227,956$0$0$2,643,398
93$5,623,472$0$0$2,846,224
94$6,054,992$0$0$3,067,634
95$6,526,052$0$0$3,309,458
96$7,040,544$0$0$3,573,708
97$7,602,752$0$0$3,862,603
98$8,217,394$0$0$4,178,583
99$8,889,662$0$0$4,524,335
100$9,625,277$0$0$4,902,820