Can I retire at age 62 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$62,017$61,464$60,926$60,399$59,886$59,409
2 years$30,701$30,130$29,575$29,038$28,517$28,036
3 years$20,264$19,690$19,137$18,605$18,092$17,623
4 years$15,047$14,474$13,927$13,404$12,904$12,449
5 years$11,917$11,348$10,808$10,295$9,809$9,370
6 years$9,831$9,266$8,734$8,233$7,762$7,339
7 years$8,342$7,782$7,258$6,769$6,312$5,907
8 years$7,226$6,671$6,156$5,678$5,237$4,848
9 years$6,358$5,808$5,302$4,837$4,410$4,038
10 years$5,664$5,119$4,622$4,169$3,758$3,402
11 years$5,096$4,558$4,069$3,629$3,232$2,892
12 years$4,624$4,091$3,611$3,183$2,800$2,477
13 years$4,224$3,697$3,227$2,810$2,442$2,134
14 years$3,882$3,360$2,899$2,494$2,141$1,848
15 years$3,586$3,070$2,618$2,224$1,885$1,606
16 years$3,327$2,816$2,373$1,992$1,666$1,402
17 years$3,099$2,594$2,159$1,790$1,477$1,227
18 years$2,896$2,397$1,971$1,613$1,313$1,076
19 years$2,715$2,221$1,805$1,457$1,171$947
20 years$2,552$2,064$1,656$1,320$1,046$834
21 years$2,405$1,923$1,523$1,198$936$736
22 years$2,272$1,795$1,404$1,089$839$651
23 years$2,150$1,679$1,296$992$753$576
24 years$2,039$1,573$1,199$905$677$510
25 years$1,936$1,476$1,110$826$609$452
26 years$1,842$1,387$1,030$755$548$402
27 years$1,755$1,305$956$691$495$357
28 years$1,674$1,230$889$634$446$317
29 years$1,599$1,160$827$581$403$282
30 years$1,529$1,096$771$533$364$251
31 years$1,463$1,036$718$490$329$223
32 years$1,402$980$670$450$298$199
33 years$1,345$928$626$414$269$177
34 years$1,291$880$585$381$244$158
35 years$1,240$835$547$351$221$141
36 years$1,193$792$511$323$200$126
37 years$1,148$752$479$297$181$112
38 years$1,105$715$448$274$165$100
39 years$1,065$680$420$253$149$89
40 years$1,027$647$394$233$135$80
41 years$991$616$369$215$123$71
42 years$956$586$346$199$111$63
43 years$923$559$325$183$101$57
44 years$892$533$305$169$92$51
45 years$863$508$286$156$83$45
46 years$834$484$269$144$76$40
47 years$807$462$253$133$69$36
48 years$782$441$237$123$62$32
49 years$757$421$223$114$57$29
50 years$733$403$210$105$51$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $751,000, adding $4,969 every year, while hoping to spend $59,605 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: 68/9/23 Blend
61$751,000$751,000$751,000$751,000
62$832,728$792,925$781,284$884,170
63$854,246$768,359$744,038$894,707
64$875,963$740,591$703,546$898,897
65$897,833$709,403$659,637$902,072
66$919,809$674,560$612,132$904,131
67$941,834$635,818$560,843$904,965
68$963,844$592,916$505,574$904,454
69$985,766$545,579$446,121$902,471
70$1,007,518$493,516$382,269$898,874
71$1,029,006$436,420$313,797$893,512
72$1,050,126$373,966$240,470$886,220
73$1,070,759$305,810$162,047$876,821
74$1,090,773$231,591$78,272$865,120
75$1,110,019$150,926$0$850,906
76$1,128,328$63,409$0$836,683
77$1,145,516$0$0$840,146
78$1,161,373$0$0$844,976
79$1,175,667$0$0$854,889
80$1,188,137$0$0$863,411
81$1,198,494$0$0$870,324
82$1,206,417$0$0$875,386
83$1,211,546$0$0$878,327
84$1,213,484$0$0$878,849
85$1,211,788$0$0$876,618
86$1,205,967$0$0$871,265
87$1,195,475$0$0$862,381
88$1,179,708$0$0$849,511
89$1,157,995$0$0$832,153
90$1,129,592$0$0$809,748
91$1,093,678$0$0$781,678
92$1,049,339$0$0$747,260
93$995,567$0$0$705,734
94$931,245$0$0$656,264
95$855,138$0$0$597,923
96$765,877$0$0$529,684
97$661,953$0$0$450,414
98$541,695$0$0$358,860
99$403,255$0$0$253,636
100$244,593$0$0$133,212