Can I retire at age 62 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$64,907$64,329$63,765$63,214$62,677$60,214
2 years$32,132$31,534$30,954$30,392$29,846$27,395
3 years$21,209$20,608$20,029$19,472$18,936$16,573
4 years$15,748$15,149$14,576$14,029$13,505$11,249
5 years$12,472$11,877$11,312$10,775$10,266$8,123
6 years$10,289$9,698$9,142$8,617$8,123$6,094
7 years$8,731$8,145$7,597$7,085$6,606$4,691
8 years$7,562$6,981$6,443$5,943$5,481$3,677
9 years$6,654$6,079$5,549$5,062$4,616$2,920
10 years$5,928$5,358$4,838$4,364$3,933$2,343
11 years$5,334$4,770$4,259$3,798$3,382$1,894
12 years$4,839$4,281$3,780$3,331$2,931$1,540
13 years$4,421$3,869$3,377$2,941$2,556$1,259
14 years$4,063$3,517$3,034$2,611$2,240$1,033
15 years$3,753$3,213$2,740$2,328$1,973$850
16 years$3,482$2,948$2,484$2,085$1,743$701
17 years$3,243$2,715$2,260$1,873$1,546$580
18 years$3,031$2,508$2,063$1,688$1,375$480
19 years$2,842$2,325$1,889$1,525$1,225$398
20 years$2,671$2,160$1,733$1,381$1,094$330
21 years$2,517$2,012$1,594$1,254$979$275
22 years$2,378$1,878$1,469$1,140$878$228
23 years$2,250$1,757$1,357$1,038$788$190
24 years$2,134$1,646$1,255$947$708$158
25 years$2,026$1,545$1,162$865$637$132
26 years$1,928$1,452$1,078$791$574$110
27 years$1,836$1,366$1,001$724$518$91
28 years$1,752$1,287$930$663$467$76
29 years$1,673$1,215$866$608$422$64
30 years$1,600$1,147$807$558$381$53
31 years$1,532$1,084$752$512$344$44
32 years$1,468$1,026$702$471$312$37
33 years$1,408$972$655$433$282$31
34 years$1,351$921$612$399$255$26
35 years$1,298$873$572$367$231$21
36 years$1,248$829$535$338$210$18
37 years$1,201$787$501$311$190$15
38 years$1,157$748$469$287$172$12
39 years$1,115$712$440$265$156$10
40 years$1,075$677$412$244$142$9
41 years$1,037$644$386$225$128$7
42 years$1,001$614$362$208$117$6
43 years$966$585$340$192$106$5
44 years$934$557$319$177$96$4
45 years$903$532$300$164$87$4
46 years$873$507$282$151$79$3
47 years$845$484$264$140$72$2
48 years$818$462$249$129$65$2
49 years$792$441$234$119$59$2
50 years$767$421$220$110$54$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $786,000, adding $6,081 every year, while hoping to spend $39,193 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: 62/10/28 Blend
61$786,000$786,000$786,000$786,000
62$872,445$830,787$818,604$919,640
63$919,733$829,794$804,326$951,432
64$970,531$827,439$788,256$981,344
65$1,025,156$823,614$770,293$1,013,171
66$1,083,954$818,204$750,331$1,047,109
67$1,147,309$811,087$728,258$1,083,373
68$1,215,638$802,135$703,958$1,122,203
69$1,289,403$791,209$677,311$1,163,864
70$1,369,110$778,166$648,189$1,208,650
71$1,455,315$762,852$616,459$1,256,887
72$1,548,630$745,104$581,983$1,308,935
73$1,649,726$724,750$544,615$1,365,194
74$1,759,342$701,607$504,204$1,426,105
75$1,878,292$675,483$460,592$1,492,159
76$2,007,469$646,173$413,612$1,563,896
77$2,147,856$613,460$363,094$1,641,915
78$2,300,534$577,117$308,855$1,726,881
79$2,466,695$536,902$250,707$1,819,525
80$2,647,646$492,558$188,454$1,920,658
81$2,844,828$443,816$121,889$2,031,178
82$3,059,827$390,390$50,800$2,152,076
83$3,294,389$331,978$0$2,284,448
84$3,550,433$268,261$0$2,436,993
85$3,830,074$198,903$0$2,620,245
86$4,135,639$123,547$0$2,820,565
87$4,469,692$41,818$0$3,039,661
88$4,835,053$0$0$3,279,421
89$5,234,828$0$0$3,547,059
90$5,672,438$0$0$3,845,120
91$6,151,650$0$0$4,171,575
92$6,676,611$0$0$4,529,258
93$7,251,889$0$0$4,921,288
94$7,882,515$0$0$5,351,102
95$8,574,029$0$0$5,822,483
96$9,332,534$0$0$6,339,602
97$10,164,750$0$0$6,907,047
98$11,078,082$0$0$7,529,878
99$12,080,685$0$0$8,213,664
100$13,181,541$0$0$8,964,542