Can I retire at age 62 with 681,000?

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 $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$56,236$55,735$55,247$54,770$54,304$52,671
2 years$27,840$27,321$26,819$26,332$25,859$24,228
3 years$18,375$17,855$17,354$16,871$16,406$14,827
4 years$13,644$13,125$12,629$12,155$11,701$10,187
5 years$10,806$10,290$9,801$9,336$8,895$7,450
6 years$8,915$8,403$7,920$7,466$7,038$5,663
7 years$7,564$7,057$6,582$6,138$5,724$4,419
8 years$6,552$6,049$5,582$5,149$4,749$3,513
9 years$5,765$5,267$4,808$4,386$3,999$2,832
10 years$5,136$4,642$4,191$3,781$3,407$2,306
11 years$4,621$4,133$3,690$3,290$2,930$1,894
12 years$4,193$3,709$3,275$2,886$2,539$1,565
13 years$3,831$3,352$2,926$2,548$2,214$1,300
14 years$3,521$3,047$2,629$2,262$1,941$1,085
15 years$3,252$2,783$2,374$2,017$1,709$908
16 years$3,017$2,554$2,152$1,806$1,511$762
17 years$2,810$2,352$1,958$1,623$1,339$641
18 years$2,626$2,173$1,788$1,462$1,191$541
19 years$2,462$2,014$1,636$1,321$1,061$457
20 years$2,315$1,872$1,502$1,197$948$386
21 years$2,181$1,743$1,381$1,086$848$327
22 years$2,060$1,627$1,273$988$761$277
23 years$1,950$1,522$1,176$899$683$235
24 years$1,849$1,426$1,087$820$614$199
25 years$1,756$1,338$1,007$749$552$169
26 years$1,670$1,258$934$685$497$144
27 years$1,591$1,184$867$627$448$122
28 years$1,518$1,115$806$574$405$104
29 years$1,450$1,052$750$527$365$88
30 years$1,386$994$699$483$330$75
31 years$1,327$939$651$444$298$64
32 years$1,272$889$608$408$270$54
33 years$1,220$842$568$375$244$46
34 years$1,171$798$530$345$221$39
35 years$1,125$757$496$318$200$34
36 years$1,082$718$464$293$182$29
37 years$1,041$682$434$270$165$24
38 years$1,002$648$407$249$149$21
39 years$966$616$381$229$135$18
40 years$931$587$357$211$123$15
41 years$898$558$335$195$111$13
42 years$867$532$314$180$101$11
43 years$837$507$295$166$92$9
44 years$809$483$277$153$83$8
45 years$782$461$260$142$76$7
46 years$757$439$244$131$69$6
47 years$732$419$229$121$62$5
48 years$709$400$215$112$57$4
49 years$686$382$202$103$51$4
50 years$665$365$190$95$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $681,000, adding $3,762 every year, while hoping to spend $47,028 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: 53/35/12 Blend
61$681,000$681,000$681,000$681,000
62$754,343$718,250$707,694$791,763
63$781,248$703,406$681,364$802,818
64$809,322$686,260$652,576$809,468
65$838,633$666,647$621,198$815,618
66$869,257$644,396$587,092$821,231
67$901,275$619,325$550,113$826,270
68$934,774$591,241$510,111$830,698
69$969,850$559,941$466,929$834,476
70$1,006,605$525,208$420,401$837,563
71$1,045,151$486,815$370,356$839,921
72$1,085,608$444,521$316,615$841,509
73$1,128,108$398,071$258,990$842,287
74$1,172,794$347,195$197,285$842,217
75$1,219,820$291,609$131,296$841,258
76$1,269,357$231,013$60,809$839,372
77$1,321,588$165,089$0$836,524
78$1,376,712$93,501$0$834,524
79$1,434,950$15,896$0$839,923
80$1,496,539$0$0$844,929
81$1,561,740$0$0$875,778
82$1,630,837$0$0$914,988
83$1,704,140$0$0$956,620
84$1,781,989$0$0$1,000,870
85$1,864,756$0$0$1,047,953
86$1,952,847$0$0$1,098,106
87$2,046,706$0$0$1,151,588
88$2,146,821$0$0$1,208,681
89$2,253,725$0$0$1,269,696
90$2,368,004$0$0$1,334,973
91$2,490,297$0$0$1,404,885
92$2,621,308$0$0$1,479,841
93$2,761,807$0$0$1,560,289
94$2,912,641$0$0$1,646,723
95$3,074,738$0$0$1,739,683
96$3,249,116$0$0$1,839,761
97$3,436,895$0$0$1,947,611
98$3,639,303$0$0$2,063,947
99$3,857,689$0$0$2,189,557
100$4,093,537$0$0$2,325,304