Can I retire at age 62 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$62,925$62,365$61,818$61,284$60,763$60,128
2 years$31,151$30,571$30,009$29,464$28,935$28,296
3 years$20,561$19,978$19,418$18,878$18,357$17,734
4 years$15,267$14,686$14,131$13,600$13,093$12,489
5 years$12,092$11,514$10,966$10,446$9,953$9,371
6 years$9,975$9,402$8,862$8,354$7,875$7,316
7 years$8,464$7,896$7,365$6,868$6,405$5,869
8 years$7,331$6,768$6,246$5,762$5,313$4,800
9 years$6,451$5,893$5,380$4,908$4,475$3,984
10 years$5,747$5,194$4,690$4,230$3,813$3,344
11 years$5,171$4,624$4,129$3,682$3,279$2,833
12 years$4,692$4,151$3,664$3,229$2,841$2,417
13 years$4,286$3,751$3,274$2,851$2,478$2,074
14 years$3,939$3,409$2,942$2,531$2,172$1,789
15 years$3,639$3,115$2,656$2,257$1,912$1,549
16 years$3,376$2,858$2,408$2,021$1,690$1,346
17 years$3,144$2,632$2,191$1,816$1,499$1,173
18 years$2,939$2,432$2,000$1,636$1,333$1,025
19 years$2,755$2,254$1,831$1,479$1,188$898
20 years$2,590$2,094$1,680$1,339$1,061$787
21 years$2,441$1,951$1,546$1,215$949$692
22 years$2,305$1,821$1,425$1,105$851$609
23 years$2,181$1,703$1,315$1,006$764$536
24 years$2,068$1,596$1,217$918$687$473
25 years$1,965$1,497$1,127$838$618$417
26 years$1,869$1,407$1,045$766$557$369
27 years$1,780$1,325$970$702$502$326
28 years$1,698$1,248$902$643$453$288
29 years$1,622$1,177$839$589$409$255
30 years$1,551$1,112$782$541$369$226
31 years$1,485$1,051$729$497$334$200
32 years$1,423$995$680$457$302$178
33 years$1,365$942$635$420$273$157
34 years$1,310$893$593$386$248$140
35 years$1,259$847$555$356$224$124
36 years$1,210$804$519$328$203$110
37 years$1,165$763$486$302$184$97
38 years$1,121$725$455$278$167$87
39 years$1,080$690$426$256$151$77
40 years$1,042$656$399$237$137$68
41 years$1,005$625$375$218$125$61
42 years$970$595$351$201$113$54
43 years$937$567$330$186$103$48
44 years$905$540$309$172$93$42
45 years$875$515$291$159$85$38
46 years$847$492$273$146$77$33
47 years$819$469$256$135$70$30
48 years$793$448$241$125$63$26
49 years$768$428$226$116$57$23
50 years$744$409$213$107$52$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $762,000, adding $2,131 every year, while hoping to spend $55,281 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: 40/47/13 Blend
61$762,000$762,000$762,000$762,000
62$841,922$801,536$789,725$872,254
63$868,980$781,993$757,362$874,358
64$896,944$759,639$722,063$871,048
65$925,850$734,279$683,669$866,258
66$955,733$705,705$642,018$859,881
67$986,630$673,697$596,939$851,801
68$1,018,582$638,023$548,251$841,899
69$1,051,629$598,438$495,769$830,046
70$1,085,815$554,682$439,298$816,107
71$1,121,186$506,479$378,632$799,939
72$1,157,790$453,540$313,560$781,393
73$1,195,679$395,557$243,858$760,309
74$1,234,906$332,207$169,295$736,521
75$1,275,528$263,147$89,627$709,853
76$1,317,605$188,014$4,603$680,117
77$1,361,201$106,427$0$647,120
78$1,406,384$17,983$0$622,602
79$1,453,225$0$0$595,858
80$1,501,801$0$0$606,268
81$1,552,192$0$0$626,725
82$1,604,485$0$0$647,965
83$1,658,773$0$0$670,027
84$1,715,152$0$0$692,953
85$1,773,728$0$0$716,786
86$1,834,614$0$0$741,575
87$1,897,929$0$0$767,369
88$1,963,802$0$0$794,225
89$2,032,371$0$0$822,200
90$2,103,784$0$0$851,359
91$2,178,200$0$0$881,768
92$2,255,792$0$0$913,501
93$2,336,744$0$0$946,638
94$2,421,255$0$0$981,263
95$2,509,540$0$0$1,017,470
96$2,601,832$0$0$1,055,357
97$2,698,381$0$0$1,095,033
98$2,799,461$0$0$1,136,614
99$2,905,364$0$0$1,180,229
100$3,016,411$0$0$1,226,014