Can I retire at age 62 with 933,000?

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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$77,046$76,360$75,690$75,037$74,399$73,136
2 years$38,142$37,431$36,743$36,075$35,428$34,160
3 years$25,175$24,462$23,775$23,114$22,477$21,243
4 years$18,693$17,982$17,302$16,652$16,031$14,840
5 years$14,805$14,098$13,427$12,791$12,186$11,042
6 years$12,214$11,512$10,851$10,229$9,643$8,547
7 years$10,364$9,668$9,017$8,410$7,842$6,795
8 years$8,977$8,287$7,647$7,055$6,506$5,507
9 years$7,898$7,215$6,587$6,009$5,479$4,527
10 years$7,036$6,360$5,742$5,180$4,668$3,764
11 years$6,332$5,662$5,056$4,508$4,015$3,156
12 years$5,745$5,082$4,487$3,954$3,479$2,665
13 years$5,248$4,593$4,009$3,491$3,034$2,264
14 years$4,823$4,175$3,602$3,099$2,659$1,932
15 years$4,455$3,814$3,252$2,764$2,342$1,655
16 years$4,134$3,499$2,948$2,474$2,070$1,422
17 years$3,850$3,222$2,683$2,223$1,835$1,225
18 years$3,598$2,978$2,449$2,004$1,632$1,058
19 years$3,373$2,760$2,242$1,810$1,454$916
20 years$3,171$2,564$2,058$1,640$1,299$794
21 years$2,988$2,389$1,893$1,488$1,162$689
22 years$2,822$2,230$1,744$1,353$1,042$599
23 years$2,671$2,085$1,611$1,232$935$521
24 years$2,533$1,954$1,490$1,124$841$454
25 years$2,405$1,834$1,380$1,026$756$396
26 years$2,288$1,723$1,279$938$681$345
27 years$2,180$1,622$1,188$859$614$301
28 years$2,079$1,528$1,105$787$554$263
29 years$1,986$1,442$1,028$722$501$230
30 years$1,899$1,362$957$662$452$201
31 years$1,818$1,287$893$608$409$176
32 years$1,742$1,218$833$559$370$154
33 years$1,671$1,153$778$514$335$134
34 years$1,604$1,093$727$473$303$118
35 years$1,541$1,037$679$435$275$103
36 years$1,482$984$635$401$249$90
37 years$1,426$935$595$370$225$79
38 years$1,373$888$557$341$204$69
39 years$1,323$845$522$314$185$60
40 years$1,276$804$489$290$168$53
41 years$1,231$765$459$267$153$46
42 years$1,188$728$430$247$138$41
43 years$1,147$694$404$228$126$36
44 years$1,109$662$379$210$114$31
45 years$1,072$631$356$194$103$27
46 years$1,037$602$334$179$94$24
47 years$1,003$574$314$166$85$21
48 years$971$548$295$153$77$18
49 years$940$524$277$141$70$16
50 years$911$500$261$131$64$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $933,000, adding $4,504 every year, while hoping to spend $56,704 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: 82/11/7 Blend
61$933,000$933,000$933,000$933,000
62$1,032,812$983,363$968,901$1,116,431
63$1,077,826$971,215$941,027$1,159,627
64$1,125,531$956,571$910,318$1,198,997
65$1,176,142$939,250$876,620$1,240,474
66$1,229,893$919,058$839,772$1,284,234
67$1,287,041$895,790$799,603$1,330,475
68$1,347,866$869,231$755,937$1,379,412
69$1,412,676$839,151$708,588$1,431,284
70$1,481,808$805,309$657,365$1,486,352
71$1,555,630$767,446$602,064$1,544,907
72$1,634,546$725,293$542,475$1,607,266
73$1,718,999$678,562$478,377$1,673,781
74$1,809,475$626,949$409,541$1,744,840
75$1,906,506$570,134$335,725$1,820,870
76$2,010,677$507,778$256,680$1,902,341
77$2,122,629$439,523$172,142$1,989,773
78$2,243,067$364,989$81,838$2,083,740
79$2,372,763$283,776$0$2,184,873
80$2,512,566$195,463$0$2,294,955
81$2,663,410$99,602$0$2,420,263
82$2,826,318$0$0$2,555,550
83$3,002,417$0$0$2,702,294
84$3,192,944$0$0$2,874,121
85$3,399,260$0$0$3,060,205
86$3,622,860$0$0$3,261,897
87$3,865,389$0$0$3,480,682
88$4,128,655$0$0$3,718,194
89$4,414,648$0$0$3,976,231
90$4,725,555$0$0$4,256,769
91$5,063,784$0$0$4,561,983
92$5,431,984$0$0$4,894,267
93$5,833,068$0$0$5,256,253
94$6,270,244$0$0$5,650,838
95$6,747,041$0$0$6,081,212
96$7,267,345$0$0$6,550,885
97$7,835,431$0$0$7,063,721
98$8,456,006$0$0$7,623,972
99$9,134,253$0$0$8,236,321
100$9,875,877$0$0$8,905,922