Can I retire at age 62 with 869,000?

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 $869,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$71,761$71,122$70,498$69,890$69,295$66,625
2 years$35,525$34,864$34,223$33,601$32,998$30,339
3 years$23,448$22,784$22,144$21,528$20,935$18,372
4 years$17,411$16,749$16,115$15,510$14,931$12,483
5 years$13,790$13,131$12,506$11,913$11,350$9,024
6 years$11,376$10,722$10,107$9,527$8,981$6,777
7 years$9,653$9,005$8,399$7,833$7,304$5,223
8 years$8,361$7,719$7,123$6,571$6,059$4,098
9 years$7,357$6,721$6,135$5,597$5,103$3,259
10 years$6,554$5,924$5,349$4,824$4,348$2,618
11 years$5,897$5,274$4,709$4,199$3,739$2,119
12 years$5,350$4,733$4,179$3,683$3,240$1,726
13 years$4,888$4,278$3,734$3,251$2,826$1,413
14 years$4,492$3,888$3,355$2,886$2,477$1,160
15 years$4,150$3,552$3,029$2,574$2,181$956
16 years$3,850$3,259$2,746$2,305$1,928$790
17 years$3,586$3,001$2,499$2,071$1,709$654
18 years$3,351$2,773$2,281$1,866$1,520$543
19 years$3,142$2,570$2,088$1,686$1,355$451
20 years$2,953$2,388$1,916$1,527$1,210$375
21 years$2,783$2,225$1,763$1,386$1,083$312
22 years$2,629$2,077$1,625$1,260$970$260
23 years$2,488$1,942$1,500$1,148$871$216
24 years$2,359$1,820$1,387$1,047$783$180
25 years$2,240$1,708$1,285$956$705$151
26 years$2,131$1,605$1,192$874$635$126
27 years$2,030$1,511$1,107$800$572$105
28 years$1,937$1,423$1,029$733$516$88
29 years$1,850$1,343$957$672$466$73
30 years$1,769$1,268$892$617$421$61
31 years$1,693$1,199$831$567$381$51
32 years$1,623$1,134$776$521$345$43
33 years$1,556$1,074$724$479$312$36
34 years$1,494$1,018$677$441$282$30
35 years$1,435$966$633$406$256$25
36 years$1,380$917$592$374$232$21
37 years$1,328$871$554$344$210$17
38 years$1,279$827$519$317$190$15
39 years$1,232$787$486$292$173$12
40 years$1,188$748$456$270$157$10
41 years$1,146$712$427$249$142$8
42 years$1,106$679$401$230$129$7
43 years$1,069$646$376$212$117$6
44 years$1,032$616$353$196$106$5
45 years$998$588$331$181$96$4
46 years$965$561$311$167$88$3
47 years$934$535$292$154$79$3
48 years$904$511$275$143$72$2
49 years$876$488$258$132$66$2
50 years$848$466$243$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $869,000, adding $3,891 every year, while hoping to spend $27,760 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: 50/43/7 Blend
61$869,000$869,000$869,000$869,000
62$961,652$915,595$902,125$1,007,833
63$1,030,204$930,922$902,810$1,055,065
64$1,104,818$946,071$902,587$1,103,063
65$1,186,082$961,002$901,397$1,154,561
66$1,274,646$975,674$899,178$1,209,891
67$1,371,223$990,045$895,862$1,269,423
68$1,476,597$1,004,066$891,383$1,333,562
69$1,591,632$1,017,688$885,667$1,402,759
70$1,717,281$1,030,857$878,639$1,477,506
71$1,854,589$1,043,515$870,219$1,558,350
72$2,004,711$1,055,600$860,325$1,645,891
73$2,168,915$1,067,048$848,870$1,740,794
74$2,348,599$1,077,789$835,762$1,843,791
75$2,545,303$1,087,747$820,906$1,955,689
76$2,760,720$1,096,843$804,203$2,077,379
77$2,996,717$1,104,992$785,548$2,209,843
78$3,255,350$1,112,104$764,831$2,354,166
79$3,538,882$1,118,083$741,939$2,511,544
80$3,849,806$1,122,827$716,752$2,683,294
81$4,190,868$1,126,228$689,145$2,870,873
82$4,565,092$1,128,168$658,987$3,075,885
83$4,975,810$1,128,527$626,141$3,300,101
84$5,426,691$1,127,173$590,466$3,545,474
85$5,921,777$1,123,969$551,810$3,814,157
86$6,465,522$1,118,767$510,019$4,108,527
87$7,062,829$1,111,411$464,929$4,431,205
88$7,719,104$1,101,736$416,370$4,785,081
89$8,440,298$1,089,566$364,164$5,173,343
90$9,232,970$1,074,717$308,126$5,599,509
91$10,104,346$1,056,990$248,060$6,067,455
92$11,062,384$1,036,178$183,765$6,581,460
93$12,115,855$1,012,059$115,030$7,146,241
94$13,274,422$984,399$41,632$7,767,000
95$14,548,728$952,950$0$8,449,474
96$15,950,504$917,450$0$9,202,732
97$17,492,672$877,622$0$10,034,506
98$19,189,470$833,171$0$10,949,397
99$21,056,587$783,787$0$11,955,909
100$23,111,308$729,142$0$13,063,417