Can I retire at age 62 with 855,000?

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 $855,000?

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 years$70,605$69,976$69,363$68,764$68,179$66,235
2 years$34,953$34,302$33,671$33,059$32,466$30,523
3 years$23,071$22,417$21,787$21,182$20,598$18,716
4 years$17,130$16,479$15,856$15,260$14,691$12,885
5 years$13,567$12,920$12,305$11,721$11,168$9,443
6 years$11,193$10,550$9,944$9,374$8,836$7,194
7 years$9,497$8,860$8,264$7,707$7,186$5,627
8 years$8,226$7,594$7,008$6,465$5,962$4,483
9 years$7,238$6,612$6,036$5,507$5,021$3,622
10 years$6,448$5,828$5,262$4,747$4,278$2,958
11 years$5,802$5,189$4,633$4,131$3,679$2,435
12 years$5,264$4,657$4,112$3,624$3,188$2,018
13 years$4,810$4,209$3,673$3,199$2,780$1,681
14 years$4,420$3,826$3,301$2,840$2,437$1,406
15 years$4,083$3,495$2,980$2,533$2,146$1,180
16 years$3,788$3,206$2,702$2,268$1,897$994
17 years$3,528$2,953$2,459$2,037$1,682$839
18 years$3,297$2,729$2,244$1,836$1,495$709
19 years$3,091$2,529$2,055$1,659$1,333$601
20 years$2,906$2,350$1,886$1,503$1,190$509
21 years$2,738$2,189$1,734$1,364$1,065$433
22 years$2,586$2,043$1,599$1,240$955$368
23 years$2,448$1,911$1,476$1,129$857$313
24 years$2,321$1,790$1,365$1,030$770$266
25 years$2,204$1,680$1,264$941$693$227
26 years$2,097$1,579$1,173$860$624$193
27 years$1,998$1,486$1,089$787$563$165
28 years$1,906$1,400$1,012$721$508$141
29 years$1,820$1,321$942$661$459$120
30 years$1,740$1,248$877$607$414$102
31 years$1,666$1,179$818$557$375$87
32 years$1,596$1,116$763$512$339$75
33 years$1,531$1,057$713$471$307$64
34 years$1,470$1,002$666$433$278$54
35 years$1,412$950$622$399$252$46
36 years$1,358$902$582$368$228$40
37 years$1,307$856$545$339$207$34
38 years$1,258$814$510$312$187$29
39 years$1,212$774$478$288$170$25
40 years$1,169$736$448$265$154$21
41 years$1,128$701$420$245$140$18
42 years$1,089$668$394$226$127$15
43 years$1,051$636$370$209$115$13
44 years$1,016$606$347$193$104$11
45 years$982$578$326$178$95$10
46 years$950$552$306$164$86$8
47 years$919$526$288$152$78$7
48 years$890$502$270$140$71$6
49 years$862$480$254$130$64$5
50 years$835$458$239$120$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $855,000, adding $3,177 every year, while hoping to spend $45,711 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: 55/30/15 Blend
61$855,000$855,000$855,000$855,000
62$945,487$900,172$886,920$993,590
63$993,291$895,644$867,995$1,022,142
64$1,044,438$889,363$846,905$1,048,012
65$1,099,222$881,193$823,528$1,075,141
66$1,157,964$870,993$797,737$1,103,660
67$1,221,017$858,612$769,402$1,133,715
68$1,288,766$843,889$738,382$1,165,467
69$1,361,637$826,656$704,535$1,199,099
70$1,440,095$806,734$667,708$1,234,814
71$1,524,652$783,931$627,744$1,272,837
72$1,615,871$758,048$584,477$1,313,421
73$1,714,369$728,872$537,736$1,356,846
74$1,820,824$696,176$487,340$1,403,425
75$1,935,983$659,724$433,101$1,453,507
76$2,060,666$619,262$374,822$1,507,477
77$2,195,773$574,525$312,298$1,565,768
78$2,342,296$525,231$245,314$1,628,858
79$2,501,325$471,082$173,647$1,697,280
80$2,674,058$411,764$97,062$1,771,624
81$2,861,815$346,943$15,316$1,852,548
82$3,066,045$276,268$0$1,940,782
83$3,288,346$199,369$0$2,048,645
84$3,530,472$115,853$0$2,168,889
85$3,794,356$25,306$0$2,300,102
86$4,082,125$0$0$2,443,434
87$4,396,121$0$0$2,624,161
88$4,738,919$0$0$2,830,660
89$5,113,356$0$0$3,056,296
90$5,522,554$0$0$3,302,959
91$5,969,950$0$0$3,572,732
92$6,459,330$0$0$3,867,907
93$6,994,861$0$0$4,191,009
94$7,581,132$0$0$4,544,818
95$8,223,195$0$0$4,932,394
96$8,926,615$0$0$5,357,109
97$9,697,521$0$0$5,822,676
98$10,542,662$0$0$6,333,183
99$11,469,470$0$0$6,893,135
100$12,486,135$0$0$7,507,492