Can I retire at age 62 with 919,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$75,890$75,214$74,555$73,911$73,282$71,569
2 years$37,569$36,870$36,192$35,534$34,896$33,180
3 years$24,797$24,095$23,418$22,767$22,140$20,474
4 years$18,413$17,712$17,043$16,402$15,790$14,188
5 years$14,583$13,887$13,226$12,599$12,003$10,469
6 years$12,031$11,339$10,688$10,075$9,498$8,033
7 years$10,208$9,523$8,882$8,283$7,724$6,329
8 years$8,842$8,163$7,533$6,949$6,408$5,082
9 years$7,780$7,107$6,488$5,919$5,397$4,138
10 years$6,931$6,265$5,656$5,102$4,598$3,406
11 years$6,236$5,577$4,980$4,440$3,955$2,828
12 years$5,658$5,006$4,419$3,895$3,427$2,363
13 years$5,170$4,524$3,948$3,438$2,988$1,986
14 years$4,751$4,112$3,548$3,052$2,620$1,676
15 years$4,388$3,756$3,203$2,722$2,306$1,420
16 years$4,072$3,446$2,904$2,437$2,038$1,207
17 years$3,792$3,174$2,643$2,190$1,807$1,028
18 years$3,544$2,933$2,412$1,974$1,607$878
19 years$3,323$2,718$2,208$1,783$1,432$751
20 years$3,123$2,526$2,027$1,615$1,279$643
21 years$2,943$2,353$1,864$1,466$1,145$551
22 years$2,780$2,196$1,718$1,333$1,026$473
23 years$2,631$2,054$1,586$1,214$921$407
24 years$2,495$1,924$1,467$1,107$828$350
25 years$2,369$1,806$1,359$1,011$745$301
26 years$2,254$1,697$1,260$924$671$259
27 years$2,147$1,597$1,170$846$605$223
28 years$2,048$1,505$1,088$775$546$193
29 years$1,956$1,420$1,012$711$493$166
30 years$1,871$1,341$943$652$446$143
31 years$1,791$1,268$879$599$403$124
32 years$1,716$1,200$820$551$364$107
33 years$1,646$1,136$766$506$330$92
34 years$1,580$1,077$716$466$299$79
35 years$1,518$1,021$669$429$270$69
36 years$1,460$969$626$395$245$59
37 years$1,404$921$586$364$222$51
38 years$1,352$875$549$335$201$44
39 years$1,303$832$514$309$183$38
40 years$1,256$792$482$285$166$33
41 years$1,212$753$452$263$150$29
42 years$1,170$718$424$243$136$25
43 years$1,130$684$398$224$124$21
44 years$1,092$652$373$207$112$18
45 years$1,056$621$350$191$102$16
46 years$1,021$593$329$177$93$14
47 years$988$566$309$163$84$12
48 years$956$540$291$151$76$10
49 years$926$516$273$139$69$9
50 years$897$493$257$129$63$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $919,000, adding $4,438 every year, while hoping to spend $47,842 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: 50/41/9 Blend
61$919,000$919,000$919,000$919,000
62$1,017,316$968,609$954,364$1,065,561
63$1,070,178$965,167$935,432$1,095,558
64$1,126,830$959,953$914,262$1,122,681
65$1,187,605$952,830$890,729$1,151,038
66$1,252,874$943,652$864,701$1,180,759
67$1,323,040$932,264$836,042$1,211,988
68$1,398,549$918,503$804,607$1,244,885
69$1,479,886$902,195$770,247$1,279,630
70$1,567,588$883,156$732,804$1,316,427
71$1,662,244$861,193$692,115$1,355,499
72$1,764,500$836,098$648,008$1,397,098
73$1,875,066$807,654$600,303$1,441,507
74$1,994,724$775,630$548,814$1,489,037
75$2,124,331$739,781$493,345$1,540,040
76$2,264,831$699,849$433,690$1,594,905
77$2,417,263$655,561$369,638$1,654,067
78$2,582,768$606,627$300,965$1,718,010
79$2,762,600$552,742$227,438$1,787,273
80$2,958,142$493,583$148,814$1,862,455
81$3,170,913$428,809$64,839$1,944,223
82$3,402,584$358,059$0$2,033,319
83$3,654,995$280,951$0$2,132,947
84$3,930,171$197,084$0$2,248,441
85$4,230,338$106,031$0$2,374,615
86$4,557,951$7,345$0$2,512,625
87$4,915,708$0$0$2,663,756
88$5,306,580$0$0$2,874,298
89$5,733,840$0$0$3,108,155
90$6,201,089$0$0$3,363,997
91$6,712,293$0$0$3,644,007
92$7,271,819$0$0$3,950,590
93$7,884,475$0$0$4,286,393
94$8,555,555$0$0$4,654,333
95$9,290,893$0$0$5,057,621
96$10,096,909$0$0$5,499,794
97$10,980,676$0$0$5,984,746
98$11,949,985$0$0$6,516,768
99$13,013,416$0$0$7,100,587
100$14,180,419$0$0$7,741,407