Can I retire at age 62 with 807,000?

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 $807,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$66,641$66,048$65,469$64,903$64,351$62,043
2 years$32,991$32,376$31,781$31,203$30,643$28,343
3 years$21,775$21,158$20,564$19,992$19,441$17,221
4 years$16,169$15,554$14,966$14,403$13,866$11,743
5 years$12,806$12,194$11,614$11,063$10,541$8,520
6 years$10,564$9,957$9,386$8,847$8,340$6,424
7 years$8,964$8,362$7,800$7,274$6,783$4,970
8 years$7,764$7,168$6,615$6,102$5,627$3,916
9 years$6,832$6,241$5,697$5,197$4,739$3,128
10 years$6,086$5,501$4,967$4,480$4,038$2,523
11 years$5,476$4,897$4,373$3,899$3,473$2,052
12 years$4,969$4,396$3,881$3,420$3,009$1,679
13 years$4,539$3,972$3,467$3,019$2,624$1,381
14 years$4,172$3,611$3,115$2,680$2,300$1,140
15 years$3,854$3,298$2,813$2,390$2,025$944
16 years$3,575$3,026$2,550$2,140$1,790$784
17 years$3,330$2,787$2,321$1,923$1,587$653
18 years$3,112$2,575$2,118$1,733$1,411$544
19 years$2,918$2,387$1,939$1,566$1,258$454
20 years$2,743$2,218$1,780$1,418$1,124$380
21 years$2,585$2,066$1,637$1,287$1,005$318
22 years$2,441$1,929$1,509$1,170$901$266
23 years$2,310$1,804$1,393$1,066$809$223
24 years$2,191$1,690$1,288$972$727$187
25 years$2,081$1,586$1,193$888$654$157
26 years$1,979$1,491$1,107$812$589$132
27 years$1,885$1,403$1,028$743$531$110
28 years$1,799$1,322$955$681$479$93
29 years$1,718$1,247$889$624$433$78
30 years$1,643$1,178$828$573$391$65
31 years$1,572$1,113$772$526$354$55
32 years$1,507$1,053$720$484$320$46
33 years$1,445$998$673$445$290$39
34 years$1,387$945$628$409$262$33
35 years$1,333$897$588$377$237$27
36 years$1,282$851$550$347$215$23
37 years$1,233$808$514$320$195$19
38 years$1,188$768$482$295$177$16
39 years$1,144$731$451$272$160$14
40 years$1,103$695$423$251$145$12
41 years$1,064$662$397$231$132$10
42 years$1,027$630$372$213$120$8
43 years$992$600$349$197$109$7
44 years$959$572$328$182$99$6
45 years$927$546$308$168$90$5
46 years$897$521$289$155$81$4
47 years$868$497$272$143$74$3
48 years$840$474$255$132$67$3
49 years$813$453$240$122$61$2
50 years$788$433$225$113$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $807,000, adding $3,488 every year, while hoping to spend $47,377 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: 45/43/12 Blend
61$807,000$807,000$807,000$807,000
62$892,912$850,141$837,632$929,896
63$933,580$841,389$815,284$947,178
64$976,809$830,620$790,600$960,809
65$1,022,809$817,686$763,450$974,535
66$1,071,811$802,429$733,702$988,384
67$1,124,069$784,681$701,214$1,002,388
68$1,179,860$764,266$665,840$1,016,586
69$1,239,487$740,997$627,428$1,031,027
70$1,303,283$714,674$585,815$1,045,765
71$1,371,614$685,089$540,836$1,060,867
72$1,444,880$652,020$492,315$1,076,410
73$1,523,519$615,230$440,069$1,092,482
74$1,608,015$574,473$383,908$1,109,188
75$1,698,895$529,485$323,632$1,126,646
76$1,796,742$479,989$259,033$1,144,994
77$1,902,192$425,692$189,893$1,164,389
78$2,015,948$366,282$115,986$1,185,010
79$2,138,778$301,433$37,075$1,207,063
80$2,271,528$230,799$0$1,230,780
81$2,415,129$154,013$0$1,262,461
82$2,570,602$70,689$0$1,301,828
83$2,739,070$0$0$1,344,502
84$2,921,770$0$0$1,400,167
85$3,120,060$0$0$1,496,964
86$3,335,434$0$0$1,602,184
87$3,569,535$0$0$1,716,641
88$3,824,173$0$0$1,841,231
89$4,101,335$0$0$1,976,938
90$4,403,212$0$0$2,124,845
91$4,732,211$0$0$2,286,147
92$5,090,985$0$0$2,462,155
93$5,482,450$0$0$2,654,315
94$5,909,818$0$0$2,864,218
95$6,376,625$0$0$3,093,614
96$6,886,763$0$0$3,344,431
97$7,444,515$0$0$3,618,793
98$8,054,601$0$0$3,919,037
99$8,722,213$0$0$4,247,736
100$9,453,073$0$0$4,607,725