Can I retire at age 62 with 772,000?

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 $772,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$63,751$63,183$62,629$62,088$61,560$60,097
2 years$31,560$30,972$30,403$29,850$29,314$27,848
3 years$20,831$20,241$19,672$19,125$18,598$17,176
4 years$15,468$14,879$14,316$13,779$13,264$11,896
5 years$12,250$11,665$11,110$10,583$10,083$8,773
6 years$10,106$9,526$8,979$8,464$7,979$6,728
7 years$8,575$8,000$7,461$6,958$6,489$5,298
8 years$7,428$6,857$6,328$5,837$5,383$4,251
9 years$6,535$5,970$5,450$4,972$4,533$3,460
10 years$5,822$5,263$4,752$4,286$3,863$2,846
11 years$5,239$4,685$4,183$3,730$3,322$2,361
12 years$4,753$4,205$3,712$3,272$2,879$1,972
13 years$4,343$3,800$3,317$2,888$2,510$1,656
14 years$3,991$3,454$2,980$2,564$2,201$1,397
15 years$3,686$3,155$2,691$2,287$1,938$1,183
16 years$3,420$2,895$2,440$2,047$1,712$1,004
17 years$3,186$2,666$2,220$1,840$1,518$855
18 years$2,977$2,464$2,026$1,658$1,350$729
19 years$2,791$2,283$1,855$1,498$1,203$623
20 years$2,624$2,122$1,703$1,357$1,075$533
21 years$2,473$1,976$1,566$1,231$962$457
22 years$2,335$1,845$1,443$1,120$862$392
23 years$2,210$1,725$1,333$1,020$774$337
24 years$2,096$1,617$1,232$930$696$289
25 years$1,990$1,517$1,142$849$626$249
26 years$1,893$1,426$1,059$777$564$214
27 years$1,804$1,342$983$711$508$184
28 years$1,721$1,264$914$651$459$159
29 years$1,643$1,193$850$597$414$137
30 years$1,571$1,127$792$548$374$118
31 years$1,504$1,065$739$503$338$102
32 years$1,441$1,008$689$463$306$88
33 years$1,383$954$643$425$277$76
34 years$1,327$904$601$391$251$65
35 years$1,275$858$562$360$227$56
36 years$1,226$814$526$332$206$49
37 years$1,180$773$492$306$187$42
38 years$1,136$735$461$282$169$36
39 years$1,095$699$432$260$153$31
40 years$1,055$665$405$240$139$27
41 years$1,018$633$379$221$126$23
42 years$983$603$356$204$115$20
43 years$949$574$334$188$104$17
44 years$917$547$314$174$94$15
45 years$887$522$294$161$86$13
46 years$858$498$276$148$78$11
47 years$830$475$260$137$71$10
48 years$803$454$244$127$64$8
49 years$778$433$229$117$58$7
50 years$754$414$216$108$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $772,000, adding $3,266 every year, while hoping to spend $59,882 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: 55/40/5 Blend
61$772,000$772,000$772,000$772,000
62$854,113$813,197$801,231$900,038
63$877,518$789,330$764,358$907,495
64$901,304$762,286$724,243$908,646
65$925,446$731,847$680,714$908,417
66$949,915$697,780$633,591$906,684
67$974,677$659,842$582,687$903,313
68$999,693$617,773$527,806$898,163
69$1,024,916$571,299$468,743$891,079
70$1,050,295$520,130$405,283$881,899
71$1,075,770$463,961$337,204$870,445
72$1,101,270$402,466$264,272$856,528
73$1,126,718$335,306$186,244$839,945
74$1,152,025$262,118$102,865$820,476
75$1,177,090$182,520$13,869$797,889
76$1,201,800$96,111$0$771,930
77$1,226,027$2,463$0$746,656
78$1,249,627$0$0$718,520
79$1,272,438$0$0$730,003
80$1,294,279$0$0$741,942
81$1,314,948$0$0$753,130
82$1,334,218$0$0$763,428
83$1,351,835$0$0$772,681
84$1,367,518$0$0$780,716
85$1,380,950$0$0$787,341
86$1,391,782$0$0$792,342
87$1,399,623$0$0$795,481
88$1,404,039$0$0$796,493
89$1,404,547$0$0$795,085
90$1,400,612$0$0$790,929
91$1,391,639$0$0$783,664
92$1,376,968$0$0$772,888
93$1,355,867$0$0$758,156
94$1,327,525$0$0$738,973
95$1,291,042$0$0$714,793
96$1,245,424$0$0$685,011
97$1,189,568$0$0$648,957
98$1,122,253$0$0$605,888
99$1,042,130$0$0$554,985
100$947,705$0$0$495,339