Can I retire at age 62 with 872,000?

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 $872,000?

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$72,009$71,368$70,742$70,131$69,535$66,934
2 years$35,648$34,984$34,341$33,717$33,112$30,522
3 years$23,529$22,862$22,221$21,603$21,007$18,509
4 years$17,471$16,806$16,171$15,564$14,983$12,595
5 years$13,837$13,176$12,549$11,954$11,390$9,119
6 years$11,415$10,760$10,142$9,560$9,012$6,861
7 years$9,686$9,036$8,428$7,860$7,329$5,296
8 years$8,390$7,745$7,147$6,593$6,080$4,163
9 years$7,382$6,744$6,156$5,616$5,121$3,317
10 years$6,576$5,944$5,367$4,841$4,363$2,669
11 years$5,918$5,292$4,725$4,213$3,752$2,165
12 years$5,369$4,750$4,193$3,696$3,252$1,767
13 years$4,905$4,292$3,746$3,263$2,836$1,449
14 years$4,508$3,902$3,366$2,896$2,486$1,193
15 years$4,164$3,564$3,039$2,583$2,189$985
16 years$3,863$3,270$2,756$2,313$1,934$816
17 years$3,598$3,012$2,507$2,078$1,715$677
18 years$3,363$2,783$2,289$1,873$1,525$563
19 years$3,153$2,579$2,095$1,692$1,359$468
20 years$2,964$2,397$1,923$1,533$1,214$390
21 years$2,793$2,232$1,769$1,391$1,086$326
22 years$2,638$2,084$1,630$1,265$974$272
23 years$2,496$1,949$1,505$1,152$874$227
24 years$2,367$1,826$1,392$1,050$786$190
25 years$2,248$1,714$1,289$959$707$159
26 years$2,139$1,611$1,196$877$637$133
27 years$2,037$1,516$1,110$803$574$111
28 years$1,943$1,428$1,032$736$518$93
29 years$1,856$1,347$961$675$468$78
30 years$1,775$1,272$895$619$423$65
31 years$1,699$1,203$834$569$382$55
32 years$1,628$1,138$778$523$346$46
33 years$1,562$1,078$727$481$313$38
34 years$1,499$1,022$679$442$283$32
35 years$1,440$969$635$407$257$27
36 years$1,385$920$594$375$232$23
37 years$1,333$874$556$345$211$19
38 years$1,283$830$521$318$191$16
39 years$1,236$789$488$294$173$13
40 years$1,192$751$457$271$157$11
41 years$1,150$715$429$250$143$9
42 years$1,110$681$402$231$129$8
43 years$1,072$649$377$213$117$7
44 years$1,036$618$354$196$107$5
45 years$1,002$590$333$181$97$5
46 years$969$563$312$168$88$4
47 years$937$537$293$155$80$3
48 years$907$512$276$143$72$3
49 years$879$489$259$132$66$2
50 years$851$467$244$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $872,000, adding $2,502 every year, while hoping to spend $30,026 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: 48/42/10 Blend
61$872,000$872,000$872,000$872,000
62$963,525$917,309$903,793$1,007,033
63$1,029,857$930,310$902,122$1,050,192
64$1,101,949$942,941$899,390$1,093,682
65$1,180,355$955,153$895,528$1,140,213
66$1,265,689$966,893$890,465$1,190,078
67$1,358,622$978,104$884,129$1,243,601
68$1,459,896$988,725$876,441$1,301,138
69$1,570,324$998,691$867,320$1,363,084
70$1,690,803$1,007,933$856,682$1,429,874
71$1,822,321$1,016,378$844,436$1,501,987
72$1,965,964$1,023,947$830,491$1,579,956
73$2,122,928$1,030,556$814,749$1,664,366
74$2,294,531$1,036,117$797,107$1,755,864
75$2,482,221$1,040,535$777,458$1,855,163
76$2,687,595$1,043,709$755,691$1,963,053
77$2,912,412$1,045,533$731,688$2,080,405
78$3,158,607$1,045,892$705,329$2,208,180
79$3,428,311$1,044,667$676,483$2,347,438
80$3,723,872$1,041,729$645,018$2,499,352
81$4,047,875$1,036,942$610,795$2,665,215
82$4,403,167$1,030,161$573,666$2,846,454
83$4,792,886$1,021,235$533,479$3,044,645
84$5,220,484$1,009,999$490,074$3,261,528
85$5,689,767$996,283$443,286$3,499,022
86$6,204,927$979,904$392,939$3,759,246
87$6,770,578$960,668$338,852$4,044,539
88$7,391,808$938,372$280,834$4,357,479
89$8,074,218$912,798$218,687$4,700,916
90$8,823,980$883,717$152,205$5,077,991
91$9,647,893$850,885$81,171$5,492,171
92$10,553,446$814,047$5,359$5,947,282
93$11,548,893$772,930$0$6,447,545
94$12,643,323$727,247$0$7,005,677
95$13,846,753$676,693$0$7,619,891
96$15,170,218$620,948$0$8,295,307
97$16,625,876$559,670$0$9,038,209
98$18,227,122$492,500$0$9,855,523
99$19,988,716$419,060$0$10,754,888
100$21,926,918$338,948$0$11,744,731