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%18.4%
1 years$76,551$75,869$75,204$74,554$73,920$71,411
2 years$37,896$37,191$36,507$35,843$35,200$32,697
3 years$25,013$24,304$23,622$22,965$22,332$19,915
4 years$18,573$17,866$17,191$16,545$15,928$13,613
5 years$14,710$14,007$13,341$12,708$12,108$9,903
6 years$12,135$11,438$10,781$10,163$9,581$7,487
7 years$10,297$9,606$8,959$8,355$7,792$5,809
8 years$8,919$8,234$7,598$7,009$6,464$4,591
9 years$7,848$7,169$6,544$5,970$5,444$3,678
10 years$6,991$6,319$5,706$5,146$4,638$2,977
11 years$6,291$5,626$5,023$4,479$3,989$2,429
12 years$5,708$5,049$4,458$3,929$3,457$1,994
13 years$5,215$4,563$3,983$3,468$3,014$1,645
14 years$4,792$4,148$3,579$3,079$2,642$1,363
15 years$4,427$3,789$3,231$2,746$2,327$1,133
16 years$4,107$3,476$2,929$2,459$2,056$944
17 years$3,825$3,202$2,666$2,209$1,823$789
18 years$3,575$2,958$2,433$1,991$1,621$660
19 years$3,352$2,742$2,228$1,799$1,445$553
20 years$3,151$2,548$2,044$1,629$1,291$464
21 years$2,969$2,373$1,880$1,479$1,155$390
22 years$2,804$2,215$1,733$1,344$1,035$328
23 years$2,654$2,072$1,600$1,224$929$276
24 years$2,516$1,941$1,480$1,117$835$232
25 years$2,390$1,822$1,371$1,020$752$196
26 years$2,273$1,712$1,271$932$677$165
27 years$2,166$1,611$1,180$854$610$139
28 years$2,066$1,518$1,097$782$551$117
29 years$1,973$1,432$1,021$717$497$99
30 years$1,887$1,353$951$658$449$83
31 years$1,806$1,279$887$604$406$70
32 years$1,731$1,210$827$555$368$59
33 years$1,660$1,146$773$511$333$50
34 years$1,594$1,086$722$470$301$42
35 years$1,531$1,030$675$433$273$36
36 years$1,472$978$631$398$247$30
37 years$1,417$929$591$367$224$25
38 years$1,364$883$553$338$203$21
39 years$1,314$839$518$312$184$18
40 years$1,267$798$486$288$167$15
41 years$1,223$760$456$266$152$13
42 years$1,180$724$427$245$137$11
43 years$1,140$690$401$226$125$9
44 years$1,101$657$376$209$113$8
45 years$1,065$627$353$193$103$7
46 years$1,030$598$332$178$93$6
47 years$997$571$312$165$85$5
48 years$965$545$293$152$77$4
49 years$934$520$276$141$70$3
50 years$905$497$259$130$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $927,000, adding $2,699 every year, while hoping to spend $41,102 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: 55/17/28 Blend
61$927,000$927,000$927,000$927,000
62$1,024,338$975,207$960,839$1,072,602
63$1,085,088$979,260$949,294$1,110,238
64$1,150,658$982,134$935,986$1,146,743
65$1,221,494$983,728$920,811$1,185,674
66$1,298,090$983,934$903,661$1,227,281
67$1,380,987$982,638$884,426$1,271,839
68$1,470,779$979,720$862,986$1,319,653
69$1,568,122$975,050$839,220$1,371,061
70$1,673,735$968,491$812,998$1,426,438
71$1,788,409$959,900$784,186$1,486,198
72$1,913,013$949,122$752,643$1,550,802
73$2,048,507$935,995$718,223$1,620,757
74$2,195,942$920,346$680,771$1,696,628
75$2,356,478$901,993$640,127$1,779,037
76$2,531,390$880,742$596,122$1,868,675
77$2,722,082$856,388$548,582$1,966,305
78$2,930,097$828,714$497,322$2,072,771
79$3,157,136$797,491$442,152$2,189,009
80$3,405,071$762,475$382,871$2,316,050
81$3,675,961$723,409$319,270$2,455,037
82$3,972,075$680,021$251,131$2,607,234
83$4,295,908$632,024$178,226$2,774,036
84$4,650,211$579,114$100,317$2,956,987
85$5,038,011$520,969$17,156$3,157,794
86$5,462,642$457,250$0$3,378,340
87$5,927,773$387,596$0$3,642,098
88$6,437,447$311,631$0$3,936,840
89$6,996,118$228,951$0$4,260,061
90$7,608,687$139,135$0$4,614,657
91$8,280,556$41,735$0$5,003,821
92$9,017,672$0$0$5,431,074
93$9,826,588$0$0$5,912,217
94$10,714,521$0$0$6,449,017
95$11,689,420$0$0$7,038,484
96$12,760,042$0$0$7,685,924
97$13,936,034$0$0$8,397,183
98$15,228,023$0$0$9,178,700
99$16,647,716$0$0$10,037,569
100$18,208,010$0$0$10,981,606