Can I retire at age 62 with 877,000?

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 $877,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$72,422$71,777$71,147$70,533$69,933$69,580
2 years$35,852$35,185$34,538$33,910$33,302$32,945
3 years$23,664$22,994$22,348$21,727$21,128$20,779
4 years$17,571$16,903$16,264$15,653$15,069$14,730
5 years$13,916$13,252$12,621$12,023$11,455$11,128
6 years$11,481$10,821$10,200$9,615$9,064$8,749
7 years$9,742$9,088$8,476$7,905$7,371$7,069
8 years$8,438$7,790$7,188$6,631$6,115$5,824
9 years$7,424$6,782$6,191$5,648$5,150$4,871
10 years$6,614$5,978$5,398$4,869$4,388$4,121
11 years$5,951$5,322$4,752$4,237$3,774$3,519
12 years$5,400$4,777$4,217$3,717$3,270$3,027
13 years$4,933$4,317$3,768$3,281$2,852$2,619
14 years$4,534$3,924$3,386$2,913$2,500$2,278
15 years$4,188$3,585$3,057$2,598$2,201$1,990
16 years$3,885$3,289$2,771$2,326$1,945$1,745
17 years$3,619$3,029$2,522$2,090$1,725$1,535
18 years$3,382$2,799$2,302$1,883$1,534$1,353
19 years$3,171$2,594$2,107$1,702$1,367$1,196
20 years$2,981$2,410$1,934$1,541$1,221$1,059
21 years$2,809$2,245$1,779$1,399$1,093$940
22 years$2,653$2,096$1,640$1,272$979$835
23 years$2,511$1,960$1,514$1,158$879$743
24 years$2,381$1,837$1,400$1,056$790$662
25 years$2,261$1,724$1,297$965$711$590
26 years$2,151$1,620$1,203$882$641$526
27 years$2,049$1,524$1,117$807$577$470
28 years$1,955$1,436$1,038$740$521$420
29 years$1,867$1,355$966$678$471$376
30 years$1,785$1,280$900$623$425$336
31 years$1,709$1,210$839$572$384$301
32 years$1,638$1,145$783$526$348$270
33 years$1,571$1,084$731$483$315$242
34 years$1,508$1,027$683$445$285$217
35 years$1,449$975$638$409$258$194
36 years$1,393$925$597$377$234$174
37 years$1,340$879$559$347$212$156
38 years$1,291$835$524$320$192$140
39 years$1,244$794$490$295$174$126
40 years$1,199$755$460$272$158$113
41 years$1,157$719$431$251$143$102
42 years$1,117$685$404$232$130$91
43 years$1,078$652$379$214$118$82
44 years$1,042$622$356$198$107$74
45 years$1,007$593$334$182$97$66
46 years$974$566$314$169$88$59
47 years$943$540$295$156$80$53
48 years$913$515$277$144$73$48
49 years$884$492$261$133$66$43
50 years$856$470$245$123$60$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $877,000, adding $6,864 every year, while hoping to spend $34,239 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: 42/32/26 Blend
61$877,000$877,000$877,000$877,000
62$973,534$927,053$913,460$1,006,764
63$1,036,405$936,049$907,631$1,040,241
64$1,104,540$944,338$900,459$1,072,709
65$1,178,442$951,849$891,863$1,107,205
66$1,258,661$958,507$881,758$1,143,936
67$1,345,803$964,232$870,055$1,183,130
68$1,440,534$968,939$856,661$1,225,044
69$1,543,588$972,536$841,478$1,269,959
70$1,655,770$974,927$824,405$1,318,189
71$1,777,970$976,010$805,334$1,370,083
72$1,911,163$975,675$784,153$1,426,025
73$2,056,426$973,806$760,745$1,486,443
74$2,214,939$970,281$734,989$1,551,810
75$2,388,008$964,970$706,755$1,622,652
76$2,577,064$957,733$675,911$1,699,550
77$2,783,687$948,424$642,316$1,783,146
78$3,009,614$936,887$605,825$1,874,155
79$3,256,757$922,958$566,283$1,973,365
80$3,527,225$906,461$523,532$2,081,650
81$3,823,336$887,212$477,405$2,199,976
82$4,147,646$865,014$427,726$2,329,414
83$4,502,966$839,660$374,315$2,471,146
84$4,892,394$810,930$316,981$2,626,483
85$5,319,344$778,591$255,526$2,796,870
86$5,787,572$742,397$189,741$2,983,911
87$6,301,218$702,087$119,410$3,189,375
88$6,864,839$657,387$44,308$3,415,218
89$7,483,459$608,005$0$3,663,604
90$8,162,607$553,633$0$3,946,867
91$8,908,377$493,945$0$4,271,469
92$9,727,481$428,598$0$4,628,097
93$10,627,313$357,228$0$5,020,049
94$11,616,018$279,451$0$5,450,967
95$12,702,570$194,862$0$5,924,867
96$13,896,854$103,032$0$6,446,180
97$15,209,761$3,510$0$7,019,795
98$16,653,291$0$0$7,651,104
99$18,240,664$0$0$8,382,743
100$19,986,444$0$0$9,188,877