Can I retire at age 62 with 855,000?

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 $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%11.6%
1 years$70,605$69,976$69,363$68,764$68,179$67,721
2 years$34,953$34,302$33,671$33,059$32,466$32,004
3 years$23,071$22,417$21,787$21,182$20,598$20,146
4 years$17,130$16,479$15,856$15,260$14,691$14,253
5 years$13,567$12,920$12,305$11,721$11,168$10,745
6 years$11,193$10,550$9,944$9,374$8,836$8,430
7 years$9,497$8,860$8,264$7,707$7,186$6,795
8 years$8,226$7,594$7,008$6,465$5,962$5,587
9 years$7,238$6,612$6,036$5,507$5,021$4,662
10 years$6,448$5,828$5,262$4,747$4,278$3,934
11 years$5,802$5,189$4,633$4,131$3,679$3,351
12 years$5,264$4,657$4,112$3,624$3,188$2,875
13 years$4,810$4,209$3,673$3,199$2,780$2,482
14 years$4,420$3,826$3,301$2,840$2,437$2,153
15 years$4,083$3,495$2,980$2,533$2,146$1,876
16 years$3,788$3,206$2,702$2,268$1,897$1,640
17 years$3,528$2,953$2,459$2,037$1,682$1,439
18 years$3,297$2,729$2,244$1,836$1,495$1,265
19 years$3,091$2,529$2,055$1,659$1,333$1,115
20 years$2,906$2,350$1,886$1,503$1,190$984
21 years$2,738$2,189$1,734$1,364$1,065$871
22 years$2,586$2,043$1,599$1,240$955$771
23 years$2,448$1,911$1,476$1,129$857$684
24 years$2,321$1,790$1,365$1,030$770$608
25 years$2,204$1,680$1,264$941$693$540
26 years$2,097$1,579$1,173$860$624$481
27 years$1,998$1,486$1,089$787$563$428
28 years$1,906$1,400$1,012$721$508$381
29 years$1,820$1,321$942$661$459$340
30 years$1,740$1,248$877$607$414$303
31 years$1,666$1,179$818$557$375$271
32 years$1,596$1,116$763$512$339$242
33 years$1,531$1,057$713$471$307$216
34 years$1,470$1,002$666$433$278$193
35 years$1,412$950$622$399$252$172
36 years$1,358$902$582$368$228$154
37 years$1,307$856$545$339$207$138
38 years$1,258$814$510$312$187$123
39 years$1,212$774$478$288$170$110
40 years$1,169$736$448$265$154$99
41 years$1,128$701$420$245$140$88
42 years$1,089$668$394$226$127$79
43 years$1,051$636$370$209$115$71
44 years$1,016$606$347$193$104$63
45 years$982$578$326$178$95$57
46 years$950$552$306$164$86$51
47 years$919$526$288$152$78$45
48 years$890$502$270$140$71$41
49 years$862$480$254$130$64$36
50 years$835$458$239$120$59$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $855,000, adding $5,318 every year, while hoping to spend $20,852 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: 23/47/30 Blend
61$855,000$855,000$855,000$855,000
62$947,696$902,381$889,128$960,468
63$1,022,174$924,411$896,727$994,127
64$1,103,551$946,822$903,883$1,028,060
65$1,192,507$969,610$910,557$1,063,952
66$1,289,793$992,771$916,710$1,101,980
67$1,396,235$1,016,300$922,304$1,142,336
68$1,512,743$1,040,191$927,293$1,185,237
69$1,640,319$1,064,436$931,633$1,230,918
70$1,780,065$1,089,028$935,277$1,279,640
71$1,933,198$1,113,956$938,175$1,331,691
72$2,101,054$1,139,210$940,274$1,387,388
73$2,285,108$1,164,778$941,519$1,447,082
74$2,486,982$1,190,645$941,853$1,511,160
75$2,708,465$1,216,797$941,216$1,580,049
76$2,951,524$1,243,216$939,543$1,654,219
77$3,218,330$1,269,884$936,768$1,734,190
78$3,511,272$1,296,780$932,821$1,820,537
79$3,832,980$1,323,881$927,629$1,913,892
80$4,186,355$1,351,162$921,116$2,014,954
81$4,574,590$1,378,596$913,200$2,124,494
82$5,001,203$1,406,152$903,797$2,243,364
83$5,470,071$1,433,799$892,820$2,372,502
84$5,985,465$1,461,501$880,176$2,512,944
85$6,552,088$1,489,221$865,767$2,665,835
86$7,175,123$1,516,915$849,493$2,832,437
87$7,860,283$1,544,541$831,248$3,014,141
88$8,613,857$1,572,049$810,920$3,212,485
89$9,442,779$1,599,387$788,394$3,429,164
90$10,354,685$1,626,500$763,548$3,666,048
91$11,357,991$1,653,327$736,255$3,925,201
92$12,461,968$1,679,802$706,382$4,208,901
93$13,676,834$1,705,857$673,791$4,519,659
94$15,013,844$1,731,417$638,335$4,860,246
95$16,485,401$1,756,401$599,865$5,233,720
96$18,105,171$1,780,724$558,219$5,643,454
97$19,888,213$1,804,295$513,234$6,093,167
98$21,851,119$1,827,013$464,736$6,586,963
99$24,012,172$1,848,776$412,544$7,129,368
100$26,391,519$1,869,471$356,469$7,725,375