Can I retire at age 62 with 861,000?

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 $861,000?

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$71,101$70,467$69,849$69,246$68,657$66,673
2 years$35,198$34,543$33,907$33,291$32,694$30,711
3 years$23,232$22,574$21,940$21,330$20,742$18,822
4 years$17,251$16,594$15,967$15,367$14,794$12,951
5 years$13,663$13,010$12,391$11,803$11,246$9,486
6 years$11,271$10,624$10,014$9,439$8,898$7,223
7 years$9,564$8,922$8,322$7,761$7,237$5,646
8 years$8,284$7,648$7,057$6,510$6,004$4,497
9 years$7,289$6,659$6,078$5,545$5,056$3,631
10 years$6,493$5,869$5,299$4,780$4,308$2,963
11 years$5,843$5,225$4,665$4,160$3,705$2,438
12 years$5,301$4,690$4,140$3,649$3,211$2,019
13 years$4,843$4,238$3,699$3,221$2,800$1,680
14 years$4,451$3,852$3,324$2,860$2,454$1,405
15 years$4,111$3,519$3,001$2,550$2,161$1,178
16 years$3,815$3,229$2,721$2,284$1,910$991
17 years$3,553$2,974$2,476$2,052$1,693$836
18 years$3,321$2,748$2,260$1,849$1,506$706
19 years$3,113$2,547$2,069$1,671$1,342$598
20 years$2,926$2,366$1,899$1,513$1,199$507
21 years$2,758$2,204$1,747$1,373$1,073$430
22 years$2,605$2,058$1,610$1,249$962$365
23 years$2,465$1,924$1,486$1,137$863$310
24 years$2,337$1,803$1,375$1,037$776$264
25 years$2,220$1,692$1,273$947$698$225
26 years$2,112$1,590$1,181$866$629$191
27 years$2,012$1,497$1,096$793$567$163
28 years$1,919$1,410$1,019$726$512$139
29 years$1,833$1,330$949$666$462$118
30 years$1,753$1,256$884$611$417$101
31 years$1,678$1,188$824$561$377$86
32 years$1,608$1,124$769$516$341$73
33 years$1,542$1,064$718$474$309$63
34 years$1,480$1,009$670$437$280$53
35 years$1,422$957$627$402$253$46
36 years$1,367$908$586$370$230$39
37 years$1,316$862$549$341$208$33
38 years$1,267$820$514$314$189$28
39 years$1,221$779$482$290$171$24
40 years$1,177$742$451$267$155$21
41 years$1,136$706$423$247$141$18
42 years$1,096$672$397$228$128$15
43 years$1,059$641$373$210$116$13
44 years$1,023$611$350$194$105$11
45 years$989$582$328$179$96$9
46 years$957$555$308$165$87$8
47 years$926$530$290$153$79$7
48 years$896$506$272$141$72$6
49 years$868$483$256$131$65$5
50 years$841$462$241$121$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $861,000, adding $5,471 every year, while hoping to spend $28,021 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: 86/9/5 Blend
61$861,000$861,000$861,000$861,000
62$954,465$908,832$895,487$1,036,114
63$1,022,007$923,551$895,672$1,104,849
64$1,095,498$938,052$894,923$1,175,917
65$1,175,517$952,294$893,181$1,253,098
66$1,262,698$966,235$890,381$1,336,987
67$1,357,742$979,829$886,457$1,428,238
68$1,461,416$993,025$881,338$1,527,574
69$1,574,569$1,005,772$874,952$1,635,787
70$1,698,132$1,018,012$867,219$1,753,752
71$1,833,131$1,029,684$858,061$1,882,432
72$1,980,697$1,040,725$847,393$2,022,887
73$2,142,073$1,051,066$835,125$2,176,285
74$2,318,629$1,060,632$821,166$2,343,913
75$2,511,872$1,069,347$805,419$2,527,187
76$2,723,464$1,077,126$787,781$2,727,667
77$2,955,233$1,083,880$768,147$2,947,074
78$3,209,192$1,089,516$746,406$3,187,301
79$3,487,560$1,093,932$722,440$3,450,434
80$3,792,778$1,097,022$696,129$3,738,772
81$4,127,538$1,098,672$667,346$4,054,849
82$4,494,802$1,098,762$635,957$4,401,452
83$4,897,834$1,097,164$601,824$4,781,658
84$5,340,229$1,093,741$564,801$5,198,852
85$5,825,947$1,088,348$524,736$5,656,766
86$6,359,350$1,080,834$481,471$6,159,512
87$6,945,243$1,071,035$434,840$6,711,620
88$7,588,921$1,058,778$384,670$7,318,082
89$8,296,215$1,043,882$330,781$7,984,398
90$9,073,549$1,026,153$272,982$8,716,630
91$9,928,001$1,005,385$211,078$9,521,456
92$10,867,370$981,361$144,861$10,406,234
93$11,900,246$953,852$74,118$11,379,075
94$13,036,093$922,613$0$12,448,914
95$14,285,341$887,388$0$13,625,670
96$15,659,479$847,902$0$14,924,347
97$17,171,165$803,869$0$16,352,955
98$18,834,347$754,982$0$17,924,684
99$20,664,393$700,919$0$19,654,069
100$22,678,236$641,338$0$21,557,123