Can I retire at age 62 with 752,000?

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 $752,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$62,099$61,546$61,007$60,480$59,966$58,256
2 years$30,742$30,170$29,615$29,077$28,555$26,846
3 years$20,291$19,716$19,163$18,630$18,116$16,462
4 years$15,067$14,494$13,946$13,422$12,921$11,333
5 years$11,933$11,363$10,822$10,309$9,822$8,305
6 years$9,844$9,279$8,746$8,244$7,772$6,327
7 years$8,353$7,792$7,268$6,778$6,321$4,949
8 years$7,235$6,679$6,164$5,686$5,244$3,943
9 years$6,366$5,816$5,309$4,843$4,416$3,186
10 years$5,671$5,126$4,628$4,175$3,763$2,602
11 years$5,103$4,564$4,075$3,633$3,236$2,142
12 years$4,630$4,096$3,616$3,187$2,804$1,775
13 years$4,230$3,702$3,231$2,814$2,445$1,478
14 years$3,888$3,365$2,903$2,498$2,144$1,237
15 years$3,591$3,074$2,621$2,227$1,887$1,038
16 years$3,332$2,820$2,376$1,994$1,668$874
17 years$3,103$2,597$2,162$1,792$1,479$738
18 years$2,900$2,400$1,974$1,615$1,315$624
19 years$2,719$2,224$1,807$1,459$1,172$528
20 years$2,556$2,067$1,658$1,322$1,047$448
21 years$2,409$1,925$1,525$1,199$937$380
22 years$2,275$1,797$1,406$1,091$840$323
23 years$2,153$1,681$1,298$993$754$275
24 years$2,041$1,575$1,201$906$678$234
25 years$1,939$1,478$1,112$827$610$199
26 years$1,844$1,389$1,031$756$549$170
27 years$1,757$1,307$958$692$495$145
28 years$1,676$1,232$890$634$447$124
29 years$1,601$1,162$828$582$403$105
30 years$1,531$1,097$772$534$365$90
31 years$1,465$1,037$719$490$330$77
32 years$1,404$982$671$451$298$66
33 years$1,347$930$627$414$270$56
34 years$1,293$881$586$381$244$48
35 years$1,242$836$547$351$221$41
36 years$1,194$793$512$323$200$35
37 years$1,149$753$479$298$182$30
38 years$1,107$716$449$275$165$25
39 years$1,066$681$421$253$149$22
40 years$1,028$648$394$233$135$19
41 years$992$617$370$215$123$16
42 years$957$587$347$199$112$14
43 years$925$559$325$184$101$12
44 years$893$533$305$169$92$10
45 years$864$509$287$156$83$8
46 years$835$485$269$145$76$7
47 years$808$463$253$134$69$6
48 years$783$442$238$123$62$5
49 years$758$422$224$114$57$5
50 years$734$403$210$105$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $752,000, adding $5,190 every year, while hoping to spend $35,782 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: 56/14/30 Blend
61$752,000$752,000$752,000$752,000
62$834,057$794,201$782,545$873,582
63$881,060$795,046$770,689$902,250
64$931,657$794,732$757,236$929,347
65$986,178$793,166$742,095$958,160
66$1,044,984$790,247$725,171$988,869
67$1,108,472$785,868$706,364$1,021,672
68$1,177,078$779,918$685,570$1,056,789
69$1,251,281$772,276$662,678$1,094,465
70$1,331,609$762,814$637,575$1,134,971
71$1,418,640$751,399$610,141$1,178,608
72$1,513,012$737,888$580,250$1,225,709
73$1,615,424$722,129$547,774$1,276,643
74$1,726,646$703,963$512,573$1,331,820
75$1,847,527$683,220$474,507$1,391,693
76$1,978,997$659,720$433,426$1,456,767
77$2,122,082$633,274$389,173$1,527,596
78$2,277,911$603,681$341,587$1,604,798
79$2,447,725$570,728$290,497$1,689,055
80$2,632,890$534,190$235,725$1,781,122
81$2,834,910$493,831$177,087$1,881,835
82$3,055,440$449,398$114,389$1,992,119
83$3,296,302$400,626$47,428$2,112,996
84$3,559,502$347,234$0$2,245,598
85$3,847,249$288,926$0$2,398,868
86$4,161,973$225,388$0$2,583,199
87$4,506,351$156,289$0$2,784,997
88$4,883,332$81,280$0$3,006,027
89$5,296,160$0$0$3,248,239
90$5,748,411$0$0$3,513,782
91$6,244,021$0$0$3,818,572
92$6,787,325$0$0$4,152,762
93$7,383,099$0$0$4,519,297
94$8,036,600$0$0$4,921,421
95$8,753,622$0$0$5,362,709
96$9,540,544$0$0$5,847,096
97$10,404,396$0$0$6,378,918
98$11,352,918$0$0$6,962,952
99$12,394,638$0$0$7,604,459
100$13,538,951$0$0$8,309,235