Can I retire at age 62 with 771,000?

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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$63,668$63,101$62,548$62,008$61,481$60,537
2 years$31,519$30,932$30,363$29,812$29,276$28,328
3 years$20,804$20,214$19,647$19,101$18,574$17,650
4 years$15,447$14,860$14,298$13,761$13,247$12,355
5 years$12,234$11,650$11,096$10,570$10,070$9,213
6 years$10,093$9,513$8,967$8,453$7,968$7,146
7 years$8,564$7,989$7,452$6,949$6,480$5,694
8 years$7,418$6,848$6,320$5,830$5,376$4,625
9 years$6,527$5,963$5,443$4,966$4,527$3,812
10 years$5,815$5,256$4,745$4,280$3,858$3,177
11 years$5,232$4,679$4,178$3,725$3,318$2,671
12 years$4,747$4,200$3,708$3,268$2,875$2,261
13 years$4,337$3,795$3,313$2,885$2,507$1,925
14 years$3,986$3,450$2,976$2,561$2,198$1,647
15 years$3,682$3,151$2,687$2,284$1,935$1,415
16 years$3,416$2,891$2,436$2,045$1,710$1,219
17 years$3,182$2,663$2,217$1,837$1,516$1,054
18 years$2,973$2,461$2,024$1,656$1,348$913
19 years$2,788$2,280$1,853$1,496$1,202$792
20 years$2,620$2,119$1,700$1,355$1,073$689
21 years$2,469$1,974$1,564$1,230$961$600
22 years$2,332$1,842$1,441$1,118$861$523
23 years$2,207$1,723$1,331$1,018$773$457
24 years$2,093$1,615$1,231$929$695$399
25 years$1,988$1,515$1,140$848$625$349
26 years$1,891$1,424$1,057$776$563$305
27 years$1,801$1,340$982$710$508$267
28 years$1,718$1,263$913$650$458$234
29 years$1,641$1,191$849$596$414$205
30 years$1,569$1,125$791$547$374$180
31 years$1,502$1,064$738$503$338$158
32 years$1,440$1,006$688$462$306$139
33 years$1,381$953$643$425$277$122
34 years$1,325$903$600$391$250$107
35 years$1,274$857$561$360$227$94
36 years$1,225$813$525$331$206$82
37 years$1,178$772$491$305$186$72
38 years$1,135$734$460$281$169$64
39 years$1,093$698$431$260$153$56
40 years$1,054$664$404$239$139$49
41 years$1,017$632$379$221$126$43
42 years$982$602$355$204$114$38
43 years$948$574$334$188$104$33
44 years$916$547$313$174$94$29
45 years$886$521$294$160$86$26
46 years$857$497$276$148$78$23
47 years$829$475$259$137$71$20
48 years$802$453$244$127$64$18
49 years$777$433$229$117$58$15
50 years$753$413$215$108$53$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $771,000, adding $3,694 every year, while hoping to spend $35,006 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: 64/18/18 Blend
61$771,000$771,000$771,000$771,000
62$853,452$812,589$800,639$903,994
63$903,258$815,160$790,214$940,957
64$956,971$816,684$778,267$976,999
65$1,014,953$817,072$764,709$1,015,540
66$1,077,600$816,230$749,449$1,056,826
67$1,145,350$814,060$732,390$1,101,128
68$1,218,682$810,455$713,431$1,148,747
69$1,298,123$805,303$692,468$1,200,013
70$1,384,255$798,486$669,388$1,255,292
71$1,477,714$789,877$644,078$1,314,990
72$1,579,203$779,343$616,416$1,379,553
73$1,689,492$766,741$586,277$1,449,476
74$1,809,431$751,922$553,528$1,525,304
75$1,939,953$734,727$518,031$1,607,641
76$2,082,087$714,987$479,644$1,697,153
77$2,236,962$692,524$438,214$1,794,575
78$2,405,823$667,148$393,585$1,900,721
79$2,590,040$638,662$345,593$2,016,488
80$2,791,120$606,852$294,066$2,142,869
81$3,010,722$571,496$238,826$2,280,957
82$3,250,674$532,357$179,684$2,431,961
83$3,512,985$489,185$116,446$2,597,218
84$3,799,870$441,716$48,908$2,778,200
85$4,113,768$389,671$0$2,976,535
86$4,457,362$332,754$0$3,198,469
87$4,833,608$270,654$0$3,451,849
88$5,245,762$203,042$0$3,729,504
89$5,697,407$129,569$0$4,033,898
90$6,192,493$49,868$0$4,367,745
91$6,735,367$0$0$4,734,037
92$7,330,818$0$0$5,143,296
93$7,984,121$0$0$5,603,207
94$8,701,086$0$0$6,107,991
95$9,488,112$0$0$6,662,161
96$10,352,251$0$0$7,270,688
97$11,301,266$0$0$7,939,047
98$12,343,714$0$0$8,673,272
99$13,489,017$0$0$9,480,008
100$14,747,557$0$0$10,366,575