Can I retire at age 62 with 863,000?

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 $863,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$71,266$70,631$70,012$69,407$68,817$67,705
2 years$35,280$34,623$33,986$33,369$32,770$31,652
3 years$23,286$22,627$21,991$21,380$20,791$19,703
4 years$17,291$16,633$16,004$15,403$14,828$13,778
5 years$13,694$13,040$12,420$11,831$11,272$10,263
6 years$11,297$10,648$10,037$9,461$8,919$7,952
7 years$9,586$8,943$8,341$7,779$7,254$6,329
8 years$8,303$7,665$7,074$6,525$6,018$5,135
9 years$7,306$6,674$6,093$5,558$5,068$4,227
10 years$6,508$5,883$5,312$4,791$4,318$3,518
11 years$5,856$5,237$4,676$4,170$3,714$2,954
12 years$5,314$4,701$4,150$3,657$3,218$2,498
13 years$4,855$4,248$3,708$3,229$2,806$2,124
14 years$4,461$3,861$3,331$2,866$2,460$1,815
15 years$4,121$3,527$3,008$2,556$2,166$1,557
16 years$3,823$3,236$2,727$2,289$1,914$1,340
17 years$3,561$2,981$2,482$2,056$1,697$1,156
18 years$3,328$2,754$2,265$1,853$1,509$1,000
19 years$3,120$2,553$2,074$1,675$1,345$867
20 years$2,933$2,372$1,903$1,517$1,202$753
21 years$2,764$2,209$1,751$1,376$1,075$654
22 years$2,611$2,062$1,613$1,252$964$570
23 years$2,471$1,929$1,490$1,140$865$496
24 years$2,343$1,807$1,378$1,040$778$433
25 years$2,225$1,696$1,276$949$700$378
26 years$2,117$1,594$1,184$868$630$330
27 years$2,016$1,500$1,099$795$568$289
28 years$1,923$1,414$1,022$728$513$253
29 years$1,837$1,334$951$668$463$221
30 years$1,757$1,259$886$613$418$194
31 years$1,682$1,191$826$563$378$169
32 years$1,611$1,126$770$517$342$148
33 years$1,546$1,067$719$476$310$130
34 years$1,484$1,011$672$438$280$114
35 years$1,425$959$628$403$254$100
36 years$1,371$910$588$371$230$88
37 years$1,319$864$550$342$209$77
38 years$1,270$822$515$315$189$67
39 years$1,224$781$483$290$171$59
40 years$1,180$743$452$268$155$52
41 years$1,138$708$424$247$141$46
42 years$1,099$674$398$228$128$40
43 years$1,061$642$373$211$116$35
44 years$1,025$612$350$194$105$31
45 years$991$584$329$180$96$27
46 years$959$557$309$166$87$24
47 years$928$531$290$153$79$21
48 years$898$507$273$142$72$18
49 years$870$484$256$131$65$16
50 years$843$463$241$121$59$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $863,000, adding $4,037 every year, while hoping to spend $28,717 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: 69/15/16 Blend
61$863,000$863,000$863,000$863,000
62$955,190$909,451$896,075$1,017,239
63$1,022,065$923,460$895,539$1,073,089
64$1,094,798$937,192$894,022$1,130,384
65$1,173,958$950,604$891,462$1,192,345
66$1,260,168$963,650$887,792$1,259,428
67$1,354,114$976,279$882,942$1,332,136
68$1,456,554$988,436$876,841$1,411,024
69$1,568,319$1,000,066$869,411$1,496,703
70$1,690,324$1,011,106$860,574$1,589,845
71$1,823,578$1,021,491$850,244$1,691,194
72$1,969,191$1,031,152$838,334$1,801,568
73$2,128,383$1,040,013$824,754$1,921,870
74$2,302,501$1,047,997$809,406$2,053,093
75$2,493,025$1,055,018$792,190$2,196,334
76$2,701,586$1,060,986$773,001$2,352,801
77$2,929,980$1,065,806$751,728$2,523,828
78$3,180,185$1,069,377$728,257$2,710,882
79$3,454,377$1,071,590$702,468$2,915,584
80$3,754,956$1,072,331$674,233$3,139,717
81$4,084,564$1,071,477$643,422$3,385,251
82$4,446,110$1,068,900$609,897$3,654,353
83$4,842,798$1,064,461$573,514$3,949,417
84$5,278,159$1,058,015$534,122$4,273,077
85$5,756,080$1,049,407$491,564$4,628,241
86$6,280,846$1,038,473$445,677$5,018,111
87$6,857,173$1,025,040$396,288$5,446,222
88$7,490,260$1,008,922$343,219$5,916,465
89$8,185,831$989,924$286,282$6,433,133
90$8,950,195$967,839$225,281$7,000,957
91$9,790,301$942,449$160,014$7,625,154
92$10,713,804$913,522$90,267$8,311,472
93$11,729,138$880,810$15,817$9,066,251
94$12,845,596$844,056$0$9,896,475
95$14,073,416$802,983$0$10,820,712
96$15,423,876$757,301$0$11,840,173
97$16,909,405$706,703$0$12,961,557
98$18,543,695$650,862$0$14,195,225
99$20,341,833$589,435$0$15,552,593
100$22,320,442$522,059$0$17,046,244