Can I retire at age 62 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$71,679$71,040$70,417$69,809$69,216$66,627
2 years$35,484$34,824$34,183$33,562$32,960$30,382
3 years$23,421$22,758$22,119$21,504$20,911$18,424
4 years$17,391$16,729$16,097$15,492$14,914$12,538
5 years$13,774$13,116$12,492$11,899$11,337$9,078
6 years$11,363$10,710$10,095$9,516$8,971$6,829
7 years$9,642$8,994$8,389$7,824$7,296$5,271
8 years$8,351$7,710$7,115$6,563$6,052$4,144
9 years$7,348$6,713$6,128$5,590$5,097$3,301
10 years$6,546$5,917$5,342$4,819$4,343$2,657
11 years$5,890$5,268$4,703$4,194$3,735$2,155
12 years$5,344$4,728$4,174$3,679$3,237$1,759
13 years$4,883$4,273$3,729$3,248$2,823$1,442
14 years$4,487$3,884$3,351$2,883$2,474$1,187
15 years$4,145$3,548$3,025$2,571$2,178$981
16 years$3,846$3,255$2,743$2,302$1,925$812
17 years$3,582$2,998$2,496$2,068$1,707$674
18 years$3,348$2,770$2,278$1,864$1,518$560
19 years$3,138$2,567$2,086$1,684$1,353$466
20 years$2,950$2,386$1,914$1,525$1,208$388
21 years$2,780$2,222$1,761$1,384$1,081$324
22 years$2,626$2,074$1,623$1,259$969$270
23 years$2,485$1,940$1,498$1,146$870$226
24 years$2,356$1,818$1,386$1,046$782$189
25 years$2,238$1,706$1,283$955$704$158
26 years$2,129$1,603$1,190$873$634$132
27 years$2,028$1,509$1,105$799$572$111
28 years$1,935$1,422$1,028$732$516$93
29 years$1,848$1,341$956$671$466$77
30 years$1,767$1,267$891$616$421$65
31 years$1,691$1,197$830$566$380$54
32 years$1,621$1,133$775$520$344$46
33 years$1,554$1,073$723$478$311$38
34 years$1,492$1,017$676$440$282$32
35 years$1,434$965$632$405$255$27
36 years$1,379$915$591$373$231$22
37 years$1,327$870$553$344$210$19
38 years$1,277$826$518$317$190$16
39 years$1,231$786$485$292$172$13
40 years$1,187$748$455$269$156$11
41 years$1,145$712$427$249$142$9
42 years$1,105$678$400$229$129$8
43 years$1,067$646$376$212$117$7
44 years$1,031$616$353$196$106$5
45 years$997$587$331$181$96$5
46 years$964$560$311$167$87$4
47 years$933$534$292$154$79$3
48 years$903$510$274$142$72$3
49 years$875$487$258$132$65$2
50 years$847$465$243$122$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $868,000, adding $2,517 every year, while hoping to spend $53,798 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: 54/25/21 Blend
61$868,000$868,000$868,000$868,000
62$959,132$913,128$899,674$1,005,296
63$999,723$900,631$872,573$1,024,741
64$1,042,651$885,718$842,760$1,040,040
65$1,088,098$868,215$810,089$1,055,541
66$1,136,262$847,935$774,405$1,071,282
67$1,187,360$824,683$735,547$1,087,305
68$1,241,628$798,250$693,345$1,103,660
69$1,299,326$768,417$647,624$1,120,405
70$1,360,738$734,950$598,200$1,137,608
71$1,426,174$697,602$544,880$1,155,347
72$1,495,973$656,114$487,463$1,173,713
73$1,570,507$610,209$425,739$1,192,810
74$1,650,186$559,597$359,488$1,212,756
75$1,735,456$503,968$288,482$1,233,687
76$1,826,807$442,997$212,480$1,255,759
77$1,924,778$376,340$131,235$1,279,146
78$2,029,958$303,633$44,484$1,304,048
79$2,142,996$224,493$0$1,330,692
80$2,264,601$138,514$0$1,370,108
81$2,395,556$45,266$0$1,423,146
82$2,536,717$0$0$1,480,220
83$2,689,026$0$0$1,557,087
84$2,853,517$0$0$1,653,615
85$3,031,329$0$0$1,758,027
86$3,223,710$0$0$1,871,065
87$3,432,034$0$0$1,993,544
88$3,657,812$0$0$2,126,363
89$3,902,704$0$0$2,270,508
90$4,168,536$0$0$2,427,064
91$4,457,318$0$0$2,597,226
92$4,771,258$0$0$2,782,306
93$5,112,788$0$0$2,983,749
94$5,484,583$0$0$3,203,145
95$5,889,584$0$0$3,442,244
96$6,331,032$0$0$3,702,971
97$6,812,489$0$0$3,987,444
98$7,337,879$0$0$4,297,998
99$7,911,521$0$0$4,637,199
100$8,538,167$0$0$5,007,873