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%11.1%
1 years$71,679$71,040$70,417$69,809$69,216$68,895
2 years$35,484$34,824$34,183$33,562$32,960$32,636
3 years$23,421$22,758$22,119$21,504$20,911$20,594
4 years$17,391$16,729$16,097$15,492$14,914$14,607
5 years$13,774$13,116$12,492$11,899$11,337$11,040
6 years$11,363$10,710$10,095$9,516$8,971$8,685
7 years$9,642$8,994$8,389$7,824$7,296$7,020
8 years$8,351$7,710$7,115$6,563$6,052$5,788
9 years$7,348$6,713$6,128$5,590$5,097$4,844
10 years$6,546$5,917$5,342$4,819$4,343$4,100
11 years$5,890$5,268$4,703$4,194$3,735$3,503
12 years$5,344$4,728$4,174$3,679$3,237$3,015
13 years$4,883$4,273$3,729$3,248$2,823$2,611
14 years$4,487$3,884$3,351$2,883$2,474$2,273
15 years$4,145$3,548$3,025$2,571$2,178$1,986
16 years$3,846$3,255$2,743$2,302$1,925$1,743
17 years$3,582$2,998$2,496$2,068$1,707$1,534
18 years$3,348$2,770$2,278$1,864$1,518$1,353
19 years$3,138$2,567$2,086$1,684$1,353$1,197
20 years$2,950$2,386$1,914$1,525$1,208$1,061
21 years$2,780$2,222$1,761$1,384$1,081$942
22 years$2,626$2,074$1,623$1,259$969$837
23 years$2,485$1,940$1,498$1,146$870$746
24 years$2,356$1,818$1,386$1,046$782$665
25 years$2,238$1,706$1,283$955$704$593
26 years$2,129$1,603$1,190$873$634$530
27 years$2,028$1,509$1,105$799$572$474
28 years$1,935$1,422$1,028$732$516$424
29 years$1,848$1,341$956$671$466$379
30 years$1,767$1,267$891$616$421$340
31 years$1,691$1,197$830$566$380$304
32 years$1,621$1,133$775$520$344$273
33 years$1,554$1,073$723$478$311$245
34 years$1,492$1,017$676$440$282$220
35 years$1,434$965$632$405$255$197
36 years$1,379$915$591$373$231$177
37 years$1,327$870$553$344$210$159
38 years$1,277$826$518$317$190$143
39 years$1,231$786$485$292$172$128
40 years$1,187$748$455$269$156$115
41 years$1,145$712$427$249$142$104
42 years$1,105$678$400$229$129$93
43 years$1,067$646$376$212$117$84
44 years$1,031$616$353$196$106$75
45 years$997$587$331$181$96$68
46 years$964$560$311$167$87$61
47 years$933$534$292$154$79$55
48 years$903$510$274$142$72$49
49 years$875$487$258$132$65$44
50 years$847$465$243$122$59$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $868,000, adding $5,198 every year, while hoping to spend $47,976 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: 72/7/21 Blend
61$868,000$868,000$868,000$868,000
62$961,898$915,894$902,440$1,025,873
63$1,008,965$909,726$881,625$1,062,981
64$1,059,226$901,649$858,506$1,097,384
65$1,112,954$891,517$832,953$1,133,863
66$1,170,452$879,178$804,834$1,172,619
67$1,232,050$864,469$774,007$1,213,871
68$1,298,110$847,220$740,328$1,257,862
69$1,369,031$827,247$703,643$1,304,863
70$1,445,249$804,360$663,792$1,355,170
71$1,527,244$778,352$620,608$1,409,113
72$1,615,541$749,010$573,916$1,467,057
73$1,710,719$716,104$523,535$1,529,402
74$1,813,412$679,393$469,274$1,596,595
75$1,924,319$638,622$410,933$1,669,126
76$2,044,205$593,520$348,305$1,747,540
77$2,173,913$543,801$281,172$1,832,436
78$2,314,368$489,164$209,308$1,924,479
79$2,466,590$429,290$132,476$2,024,401
80$2,631,698$363,840$50,429$2,133,013
81$2,810,922$292,459$0$2,251,208
82$3,005,617$214,771$0$2,388,297
83$3,217,272$130,377$0$2,549,650
84$3,447,526$38,858$0$2,725,224
85$3,698,182$0$0$2,916,418
86$3,971,224$0$0$3,129,410
87$4,268,835$0$0$3,364,868
88$4,593,417$0$0$3,621,705
89$4,947,614$0$0$3,902,019
90$5,334,339$0$0$4,208,118
91$5,756,795$0$0$4,542,544
92$6,218,509$0$0$4,908,095
93$6,723,366$0$0$5,307,852
94$7,275,640$0$0$5,745,207
95$7,880,042$0$0$6,223,894
96$8,541,754$0$0$6,748,027
97$9,266,486$0$0$7,322,134
98$10,060,526$0$0$7,951,204
99$10,930,796$0$0$8,640,728
100$11,884,924$0$0$9,396,756