Can I retire at age 62 with 927,000?

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 $927,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$76,551$75,869$75,204$74,554$73,920$72,163
2 years$37,896$37,191$36,507$35,843$35,200$33,440
3 years$25,013$24,304$23,622$22,965$22,332$20,624
4 years$18,573$17,866$17,191$16,545$15,928$14,285
5 years$14,710$14,007$13,341$12,708$12,108$10,535
6 years$12,135$11,438$10,781$10,163$9,581$8,079
7 years$10,297$9,606$8,959$8,355$7,792$6,362
8 years$8,919$8,234$7,598$7,009$6,464$5,105
9 years$7,848$7,169$6,544$5,970$5,444$4,155
10 years$6,991$6,319$5,706$5,146$4,638$3,418
11 years$6,291$5,626$5,023$4,479$3,989$2,836
12 years$5,708$5,049$4,458$3,929$3,457$2,368
13 years$5,215$4,563$3,983$3,468$3,014$1,989
14 years$4,792$4,148$3,579$3,079$2,642$1,677
15 years$4,427$3,789$3,231$2,746$2,327$1,420
16 years$4,107$3,476$2,929$2,459$2,056$1,206
17 years$3,825$3,202$2,666$2,209$1,823$1,027
18 years$3,575$2,958$2,433$1,991$1,621$876
19 years$3,352$2,742$2,228$1,799$1,445$748
20 years$3,151$2,548$2,044$1,629$1,291$641
21 years$2,969$2,373$1,880$1,479$1,155$549
22 years$2,804$2,215$1,733$1,344$1,035$471
23 years$2,654$2,072$1,600$1,224$929$404
24 years$2,516$1,941$1,480$1,117$835$348
25 years$2,390$1,822$1,371$1,020$752$299
26 years$2,273$1,712$1,271$932$677$257
27 years$2,166$1,611$1,180$854$610$221
28 years$2,066$1,518$1,097$782$551$191
29 years$1,973$1,432$1,021$717$497$164
30 years$1,887$1,353$951$658$449$142
31 years$1,806$1,279$887$604$406$122
32 years$1,731$1,210$827$555$368$105
33 years$1,660$1,146$773$511$333$91
34 years$1,594$1,086$722$470$301$78
35 years$1,531$1,030$675$433$273$68
36 years$1,472$978$631$398$247$58
37 years$1,417$929$591$367$224$50
38 years$1,364$883$553$338$203$43
39 years$1,314$839$518$312$184$37
40 years$1,267$798$486$288$167$32
41 years$1,223$760$456$266$152$28
42 years$1,180$724$427$245$137$24
43 years$1,140$690$401$226$125$21
44 years$1,101$657$376$209$113$18
45 years$1,065$627$353$193$103$16
46 years$1,030$598$332$178$93$13
47 years$997$571$312$165$85$12
48 years$965$545$293$152$77$10
49 years$934$520$276$141$70$9
50 years$905$497$259$130$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $927,000, adding $5,530 every year, while hoping to spend $37,362 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: 42/48/10 Blend
61$927,000$927,000$927,000$927,000
62$1,027,258$978,127$963,759$1,067,170
63$1,092,286$986,303$956,292$1,103,780
64$1,162,694$993,626$947,322$1,139,216
65$1,238,992$1,000,017$936,761$1,176,746
66$1,321,740$1,005,389$924,513$1,216,577
67$1,411,554$1,009,650$910,481$1,258,938
68$1,509,111$1,012,701$894,561$1,304,081
69$1,615,157$1,014,440$876,646$1,352,290
70$1,730,512$1,014,756$856,622$1,403,875
71$1,856,076$1,013,532$834,371$1,459,184
72$1,992,844$1,010,643$809,770$1,518,600
73$2,141,906$1,005,957$782,690$1,582,549
74$2,304,466$999,333$752,995$1,651,503
75$2,481,845$990,624$720,544$1,725,985
76$2,675,499$979,671$685,188$1,806,574
77$2,887,033$966,308$646,775$1,893,912
78$3,118,210$950,356$605,141$1,988,710
79$3,370,973$931,629$560,119$2,091,755
80$3,647,461$909,928$511,532$2,203,919
81$3,950,029$885,042$459,195$2,326,168
82$4,281,271$856,747$402,917$2,459,570
83$4,644,042$824,810$342,496$2,605,306
84$5,041,487$788,978$277,723$2,764,686
85$5,477,070$748,990$208,378$2,939,157
86$5,954,605$704,564$134,233$3,130,320
87$6,478,293$655,406$55,048$3,339,946
88$7,052,761$601,203$0$3,569,994
89$7,683,106$541,625$0$3,825,773
90$8,374,942$476,324$0$4,113,007
91$9,134,451$404,929$0$4,428,493
92$9,968,447$327,053$0$4,775,186
93$10,884,432$242,282$0$5,156,353
94$11,890,673$150,182$0$5,575,601
95$12,996,275$50,294$0$6,036,912
96$14,211,270$0$0$6,544,686
97$15,546,709$0$0$7,134,344
98$17,014,770$0$0$7,811,890
99$18,628,864$0$0$8,556,966
100$20,403,772$0$0$9,376,410