Can I retire at age 62 with 935,000?

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 $935,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$77,211$76,524$75,853$75,198$74,558$73,657
2 years$38,223$37,512$36,822$36,153$35,504$34,597
3 years$25,229$24,514$23,826$23,163$22,525$21,641
4 years$18,733$18,021$17,339$16,688$16,065$15,210
5 years$14,837$14,128$13,456$12,818$12,212$11,389
6 years$12,240$11,537$10,874$10,251$9,663$8,873
7 years$10,386$9,689$9,037$8,428$7,859$7,101
8 years$8,996$8,305$7,664$7,070$6,520$5,795
9 years$7,915$7,231$6,601$6,022$5,491$4,798
10 years$7,051$6,374$5,755$5,191$4,678$4,018
11 years$6,345$5,674$5,066$4,518$4,023$3,395
12 years$5,757$5,093$4,496$3,963$3,487$2,889
13 years$5,260$4,602$4,017$3,498$3,040$2,473
14 years$4,834$4,183$3,609$3,105$2,665$2,127
15 years$4,465$3,822$3,259$2,769$2,347$1,837
16 years$4,142$3,506$2,955$2,480$2,074$1,592
17 years$3,858$3,229$2,689$2,228$1,839$1,384
18 years$3,606$2,984$2,454$2,008$1,635$1,206
19 years$3,380$2,765$2,247$1,814$1,457$1,053
20 years$3,178$2,570$2,062$1,643$1,302$921
21 years$2,995$2,394$1,897$1,491$1,165$807
22 years$2,828$2,234$1,748$1,356$1,044$708
23 years$2,677$2,090$1,614$1,235$937$621
24 years$2,538$1,958$1,493$1,126$842$546
25 years$2,411$1,837$1,383$1,029$758$481
26 years$2,293$1,727$1,282$941$683$423
27 years$2,185$1,625$1,191$861$616$373
28 years$2,084$1,531$1,107$789$556$329
29 years$1,990$1,445$1,030$723$502$290
30 years$1,903$1,364$959$664$453$256
31 years$1,822$1,290$894$610$410$226
32 years$1,746$1,220$835$560$371$200
33 years$1,674$1,156$779$515$335$177
34 years$1,607$1,095$728$474$304$156
35 years$1,544$1,039$681$436$275$138
36 years$1,485$986$637$402$249$122
37 years$1,429$937$596$370$226$108
38 years$1,376$890$558$341$205$95
39 years$1,326$846$523$315$186$84
40 years$1,278$805$490$290$168$75
41 years$1,233$767$460$268$153$66
42 years$1,190$730$431$247$139$59
43 years$1,150$696$405$228$126$52
44 years$1,111$663$380$211$114$46
45 years$1,074$632$357$195$104$41
46 years$1,039$603$335$180$94$36
47 years$1,005$576$315$166$86$32
48 years$973$549$296$153$78$28
49 years$942$525$278$142$71$25
50 years$913$501$261$131$64$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $935,000, adding $3,483 every year, while hoping to spend $57,958 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: 27/49/24 Blend
61$935,000$935,000$935,000$935,000
62$1,033,963$984,408$969,915$1,054,004
63$1,077,760$970,977$940,741$1,056,785
64$1,124,082$954,945$908,646$1,054,482
65$1,173,126$936,125$873,473$1,050,795
66$1,225,104$914,315$835,054$1,045,644
67$1,280,253$889,304$793,216$1,038,947
68$1,338,828$860,869$747,778$1,030,621
69$1,401,110$828,773$698,550$1,020,578
70$1,467,404$792,764$645,332$1,008,734
71$1,538,046$752,577$587,918$994,999
72$1,613,405$707,931$526,092$979,286
73$1,693,883$658,530$459,626$961,505
74$1,779,920$604,059$388,284$941,568
75$1,872,000$544,187$311,821$919,388
76$1,970,655$478,562$229,977$894,878
77$2,076,465$406,815$142,485$867,953
78$2,190,070$328,554$49,063$838,534
79$2,312,168$243,365$0$806,544
80$2,443,531$150,811$0$784,877
81$2,585,001$50,430$0$774,754
82$2,737,506$0$0$763,621
83$2,902,065$0$0$782,932
84$3,079,797$0$0$833,277
85$3,271,932$0$0$887,828
86$3,479,822$0$0$946,983
87$3,704,952$0$0$1,011,184
88$3,948,957$0$0$1,080,913
89$4,213,632$0$0$1,156,701
90$4,500,953$0$0$1,239,135
91$4,813,093$0$0$1,328,856
92$5,152,443$0$0$1,426,575
93$5,521,631$0$0$1,533,069
94$5,923,550$0$0$1,649,196
95$6,361,385$0$0$1,775,900
96$6,838,639$0$0$1,914,221
97$7,359,167$0$0$2,065,302
98$7,927,213$0$0$2,230,401
99$8,547,448$0$0$2,410,906
100$9,225,014$0$0$2,608,341