Can I retire at age 62 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$63,256$62,692$62,142$61,606$61,082$60,021
2 years$31,315$30,731$30,166$29,618$29,087$28,021
3 years$20,669$20,083$19,520$18,977$18,454$17,417
4 years$15,347$14,763$14,205$13,672$13,161$12,161
5 years$12,155$11,575$11,024$10,501$10,005$9,044
6 years$10,028$9,452$8,909$8,398$7,917$6,996
7 years$8,509$7,937$7,403$6,904$6,438$5,559
8 years$7,370$6,804$6,279$5,792$5,341$4,503
9 years$6,485$5,924$5,408$4,933$4,498$3,700
10 years$5,777$5,222$4,715$4,253$3,833$3,074
11 years$5,198$4,649$4,151$3,701$3,296$2,576
12 years$4,716$4,172$3,684$3,246$2,856$2,174
13 years$4,309$3,771$3,291$2,866$2,491$1,845
14 years$3,960$3,427$2,957$2,544$2,183$1,573
15 years$3,658$3,131$2,670$2,269$1,922$1,347
16 years$3,394$2,873$2,421$2,032$1,699$1,157
17 years$3,161$2,646$2,203$1,825$1,507$996
18 years$2,954$2,445$2,011$1,645$1,340$860
19 years$2,769$2,266$1,841$1,486$1,194$743
20 years$2,603$2,105$1,689$1,346$1,066$644
21 years$2,453$1,961$1,554$1,222$954$559
22 years$2,317$1,831$1,432$1,111$855$485
23 years$2,193$1,712$1,322$1,012$768$422
24 years$2,079$1,604$1,223$923$690$367
25 years$1,975$1,505$1,133$843$621$320
26 years$1,879$1,415$1,050$771$559$279
27 years$1,790$1,331$975$705$504$243
28 years$1,707$1,255$907$646$455$212
29 years$1,631$1,184$844$593$411$185
30 years$1,559$1,118$786$544$371$162
31 years$1,493$1,057$733$499$336$141
32 years$1,430$1,000$684$459$304$123
33 years$1,372$947$638$422$275$108
34 years$1,317$897$596$388$249$94
35 years$1,265$851$558$358$225$83
36 years$1,217$808$522$329$204$72
37 years$1,171$767$488$303$185$63
38 years$1,127$729$457$280$168$55
39 years$1,086$693$428$258$152$48
40 years$1,047$660$402$238$138$42
41 years$1,010$628$377$219$125$37
42 years$975$598$353$202$114$32
43 years$942$570$331$187$103$28
44 years$910$543$311$173$94$25
45 years$880$518$292$159$85$22
46 years$851$494$274$147$77$19
47 years$823$472$258$136$70$17
48 years$797$450$242$126$64$15
49 years$772$430$228$116$58$13
50 years$748$411$214$107$52$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $766,000, adding $5,299 every year, while hoping to spend $40,264 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: 62/23/15 Blend
61$766,000$766,000$766,000$766,000
62$849,598$809,000$797,127$898,807
63$893,416$805,800$780,990$929,314
64$940,355$801,094$762,963$957,561
65$990,689$794,766$742,940$987,431
66$1,044,721$786,692$720,811$1,019,084
67$1,102,784$776,741$696,459$1,052,696
68$1,165,241$764,774$669,764$1,088,465
69$1,232,493$750,646$640,599$1,126,610
70$1,304,980$734,199$608,831$1,167,372
71$1,383,183$715,270$574,322$1,211,020
72$1,467,633$693,685$536,927$1,257,853
73$1,558,914$669,257$496,496$1,308,200
74$1,657,665$641,792$452,871$1,362,427
75$1,764,590$611,084$405,885$1,420,941
76$1,880,464$576,912$355,368$1,484,190
77$2,006,137$539,047$301,139$1,552,673
78$2,142,546$497,243$243,010$1,626,941
79$2,290,720$451,242$180,785$1,707,605
80$2,451,790$400,770$114,259$1,795,341
81$2,627,004$345,539$43,217$1,890,897
82$2,817,731$285,243$0$1,995,102
83$3,025,480$219,560$0$2,114,089
84$3,251,910$148,150$0$2,251,376
85$3,498,847$70,651$0$2,401,200
86$3,768,302$0$0$2,564,842
87$4,062,487$0$0$2,747,088
88$4,383,839$0$0$2,965,748
89$4,735,038$0$0$3,204,773
90$5,119,037$0$0$3,466,180
91$5,539,086$0$0$3,752,186
92$5,998,765$0$0$4,065,238
93$6,502,013$0$0$4,408,027
94$7,053,171$0$0$4,783,516
95$7,657,018$0$0$5,194,971
96$8,318,816$0$0$5,645,984
97$9,044,362$0$0$6,140,517
98$9,840,041$0$0$6,682,929
99$10,712,883$0$0$7,278,024
100$11,670,633$0$0$7,931,092