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%16.8%
1 years$71,596$70,958$70,336$69,729$69,136$67,219
2 years$35,444$34,783$34,144$33,523$32,922$31,005
3 years$23,394$22,731$22,093$21,479$20,887$19,030
4 years$17,371$16,710$16,078$15,474$14,897$13,114
5 years$13,758$13,101$12,477$11,886$11,324$9,621
6 years$11,350$10,698$10,084$9,505$8,961$7,338
7 years$9,631$8,984$8,379$7,815$7,287$5,745
8 years$8,342$7,701$7,106$6,556$6,046$4,584
9 years$7,340$6,705$6,121$5,584$5,091$3,708
10 years$6,539$5,910$5,336$4,813$4,338$3,031
11 years$5,884$5,261$4,698$4,189$3,731$2,499
12 years$5,338$4,722$4,169$3,674$3,233$2,073
13 years$4,877$4,268$3,725$3,244$2,819$1,730
14 years$4,482$3,879$3,347$2,880$2,471$1,449
15 years$4,140$3,544$3,022$2,568$2,176$1,218
16 years$3,841$3,251$2,740$2,299$1,923$1,027
17 years$3,578$2,994$2,493$2,066$1,705$868
18 years$3,344$2,767$2,276$1,862$1,516$735
19 years$3,135$2,564$2,083$1,682$1,351$623
20 years$2,947$2,383$1,912$1,524$1,207$529
21 years$2,777$2,220$1,759$1,383$1,080$450
22 years$2,623$2,072$1,621$1,257$968$383
23 years$2,482$1,938$1,497$1,145$869$327
24 years$2,353$1,816$1,384$1,044$781$278
25 years$2,235$1,704$1,282$954$703$238
26 years$2,126$1,601$1,189$872$633$203
27 years$2,026$1,507$1,104$798$571$173
28 years$1,932$1,420$1,026$731$515$148
29 years$1,846$1,340$955$671$465$126
30 years$1,765$1,265$890$616$420$108
31 years$1,689$1,196$829$565$380$92
32 years$1,619$1,132$774$520$344$79
33 years$1,553$1,072$723$478$311$68
34 years$1,491$1,016$675$440$282$58
35 years$1,432$963$631$405$255$49
36 years$1,377$914$590$373$231$42
37 years$1,325$868$553$343$209$36
38 years$1,276$825$518$316$190$31
39 years$1,229$785$485$292$172$27
40 years$1,185$747$454$269$156$23
41 years$1,144$711$426$248$142$19
42 years$1,104$677$400$229$129$17
43 years$1,066$645$375$212$117$14
44 years$1,030$615$352$195$106$12
45 years$996$586$331$180$96$10
46 years$963$559$311$167$87$9
47 years$932$534$292$154$79$8
48 years$902$510$274$142$72$7
49 years$874$487$258$131$65$6
50 years$846$465$242$122$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $867,000, adding $2,449 every year, while hoping to spend $44,040 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: 38/37/25 Blend
61$867,000$867,000$867,000$867,000
62$957,960$912,009$898,571$987,137
63$1,008,814$909,839$881,815$1,006,484
64$1,063,379$906,087$863,021$1,023,118
65$1,121,986$900,629$842,076$1,040,229
66$1,185,002$893,332$818,858$1,057,889
67$1,252,825$884,058$793,242$1,076,179
68$1,325,895$872,659$765,098$1,095,190
69$1,404,694$858,977$734,287$1,115,030
70$1,489,753$842,848$700,665$1,135,818
71$1,581,654$824,093$664,084$1,157,691
72$1,681,038$802,529$624,385$1,180,805
73$1,788,607$777,956$581,406$1,205,336
74$1,905,135$750,166$534,973$1,231,482
75$2,031,474$718,939$484,910$1,259,467
76$2,168,557$684,040$431,027$1,289,545
77$2,317,413$645,222$373,130$1,321,999
78$2,479,175$602,223$311,015$1,357,148
79$2,655,086$554,767$244,469$1,395,353
80$2,846,515$502,561$173,270$1,437,016
81$3,054,969$445,296$97,184$1,482,586
82$3,282,107$382,646$15,970$1,532,570
83$3,529,751$314,265$0$1,587,533
84$3,799,910$239,789$0$1,666,964
85$4,094,795$158,832$0$1,758,481
86$4,416,838$70,989$0$1,858,681
87$4,768,716$0$0$1,968,518
88$5,153,380$0$0$2,098,890
89$5,574,073$0$0$2,273,197
90$6,034,372$0$0$2,464,031
91$6,538,211$0$0$2,673,036
92$7,089,925$0$0$2,902,027
93$7,694,284$0$0$3,153,000
94$8,356,546$0$0$3,428,153
95$9,082,498$0$0$3,729,909
96$9,878,515$0$0$4,060,934
97$10,751,618$0$0$4,424,168
98$11,709,541$0$0$4,822,845
99$12,760,801$0$0$5,260,530
100$13,914,782$0$0$5,741,151