Can I retire at age 62 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$71,596$70,958$70,336$69,729$69,136$67,355
2 years$35,444$34,783$34,144$33,523$32,922$31,140
3 years$23,394$22,731$22,093$21,479$20,887$19,159
4 years$17,371$16,710$16,078$15,474$14,897$13,236
5 years$13,758$13,101$12,477$11,886$11,324$9,736
6 years$11,350$10,698$10,084$9,505$8,961$7,446
7 years$9,631$8,984$8,379$7,815$7,287$5,847
8 years$8,342$7,701$7,106$6,556$6,046$4,678
9 years$7,340$6,705$6,121$5,584$5,091$3,796
10 years$6,539$5,910$5,336$4,813$4,338$3,113
11 years$5,884$5,261$4,698$4,189$3,731$2,574
12 years$5,338$4,722$4,169$3,674$3,233$2,143
13 years$4,877$4,268$3,725$3,244$2,819$1,794
14 years$4,482$3,879$3,347$2,880$2,471$1,508
15 years$4,140$3,544$3,022$2,568$2,176$1,272
16 years$3,841$3,251$2,740$2,299$1,923$1,076
17 years$3,578$2,994$2,493$2,066$1,705$913
18 years$3,344$2,767$2,276$1,862$1,516$776
19 years$3,135$2,564$2,083$1,682$1,351$661
20 years$2,947$2,383$1,912$1,524$1,207$563
21 years$2,777$2,220$1,759$1,383$1,080$481
22 years$2,623$2,072$1,621$1,257$968$411
23 years$2,482$1,938$1,497$1,145$869$351
24 years$2,353$1,816$1,384$1,044$781$301
25 years$2,235$1,704$1,282$954$703$258
26 years$2,126$1,601$1,189$872$633$221
27 years$2,026$1,507$1,104$798$571$189
28 years$1,932$1,420$1,026$731$515$162
29 years$1,846$1,340$955$671$465$139
30 years$1,765$1,265$890$616$420$120
31 years$1,689$1,196$829$565$380$103
32 years$1,619$1,132$774$520$344$88
33 years$1,553$1,072$723$478$311$76
34 years$1,491$1,016$675$440$282$65
35 years$1,432$963$631$405$255$56
36 years$1,377$914$590$373$231$48
37 years$1,325$868$553$343$209$41
38 years$1,276$825$518$316$190$35
39 years$1,229$785$485$292$172$30
40 years$1,185$747$454$269$156$26
41 years$1,144$711$426$248$142$23
42 years$1,104$677$400$229$129$19
43 years$1,066$645$375$212$117$17
44 years$1,030$615$352$195$106$14
45 years$996$586$331$180$96$12
46 years$963$559$311$167$87$11
47 years$932$534$292$154$79$9
48 years$902$510$274$142$72$8
49 years$874$487$258$131$65$7
50 years$846$465$242$122$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $867,000, adding $4,753 every year, while hoping to spend $20,579 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: 53/25/22 Blend
61$867,000$867,000$867,000$867,000
62$960,337$914,386$900,947$1,005,179
63$1,036,395$937,295$909,233$1,059,468
64$1,119,522$960,637$917,107$1,115,982
65$1,210,416$984,411$924,533$1,177,045
66$1,309,848$1,008,616$931,474$1,243,099
67$1,418,664$1,033,250$937,890$1,314,629
68$1,537,799$1,058,311$943,741$1,392,171
69$1,668,280$1,083,794$948,982$1,476,314
70$1,811,240$1,109,695$953,568$1,567,708
71$1,967,925$1,136,008$957,451$1,667,067
72$2,139,707$1,162,727$960,579$1,775,182
73$2,328,100$1,189,843$962,901$1,892,921
74$2,534,768$1,217,347$964,360$2,021,242
75$2,761,546$1,245,228$964,898$2,161,199
76$3,010,455$1,273,476$964,453$2,313,957
77$3,283,720$1,302,075$962,961$2,480,797
78$3,583,793$1,331,010$960,354$2,663,133
79$3,913,376$1,360,266$956,562$2,862,520
80$4,275,443$1,389,822$951,510$3,080,674
81$4,673,273$1,419,657$945,120$3,319,488
82$5,110,476$1,449,750$937,310$3,581,046
83$5,591,030$1,480,073$927,996$3,867,644
84$6,119,318$1,510,600$917,087$4,181,816
85$6,700,169$1,541,299$904,490$4,526,352
86$7,338,902$1,572,139$890,106$4,904,328
87$8,041,378$1,603,082$873,832$5,319,135
88$8,814,055$1,634,089$855,562$5,774,509
89$9,664,047$1,665,118$835,182$6,274,569
90$10,599,194$1,696,122$812,574$6,823,855
91$11,628,132$1,727,053$787,616$7,427,371
92$12,760,378$1,757,855$760,178$8,090,631
93$14,006,418$1,788,471$730,125$8,819,714
94$15,377,805$1,818,839$697,316$9,621,319
95$16,887,269$1,848,890$661,605$10,502,831
96$18,548,838$1,878,554$622,836$11,472,389
97$20,377,968$1,907,751$580,850$12,538,963
98$22,391,690$1,936,399$535,477$13,712,439
99$24,608,768$1,964,409$486,542$15,003,716
100$27,049,883$1,991,685$433,861$16,424,803