Can I retire at age 62 with 809,000?

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 $809,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$66,806$66,211$65,631$65,064$64,511$63,079
2 years$33,073$32,457$31,860$31,281$30,719$29,285
3 years$21,829$21,211$20,615$20,042$19,490$18,097
4 years$16,209$15,592$15,003$14,439$13,900$12,559
5 years$12,837$12,224$11,643$11,091$10,567$9,282
6 years$10,591$9,982$9,409$8,869$8,361$7,134
7 years$8,986$8,383$7,819$7,292$6,800$5,630
8 years$7,784$7,186$6,631$6,117$5,641$4,528
9 years$6,849$6,257$5,711$5,210$4,751$3,694
10 years$6,101$5,515$4,979$4,491$4,048$3,047
11 years$5,490$4,910$4,384$3,909$3,481$2,534
12 years$4,981$4,407$3,890$3,429$3,017$2,122
13 years$4,551$3,982$3,476$3,027$2,631$1,787
14 years$4,182$3,620$3,123$2,687$2,306$1,511
15 years$3,863$3,307$2,820$2,396$2,030$1,283
16 years$3,584$3,034$2,556$2,146$1,794$1,092
17 years$3,338$2,794$2,326$1,928$1,591$933
18 years$3,120$2,582$2,124$1,737$1,415$798
19 years$2,925$2,393$1,944$1,570$1,261$684
20 years$2,750$2,223$1,784$1,422$1,126$587
21 years$2,591$2,071$1,641$1,290$1,008$505
22 years$2,447$1,933$1,512$1,173$903$434
23 years$2,316$1,808$1,397$1,068$811$374
24 years$2,196$1,694$1,292$975$729$323
25 years$2,086$1,590$1,196$890$656$278
26 years$1,984$1,494$1,109$814$591$240
27 years$1,890$1,406$1,030$745$533$208
28 years$1,803$1,325$958$682$481$179
29 years$1,722$1,250$891$626$434$155
30 years$1,647$1,181$830$574$392$134
31 years$1,576$1,116$774$527$355$116
32 years$1,511$1,056$722$485$321$100
33 years$1,449$1,000$674$446$290$87
34 years$1,391$948$630$410$263$75
35 years$1,336$899$589$378$238$65
36 years$1,285$853$551$348$216$56
37 years$1,236$810$516$320$195$49
38 years$1,191$770$483$295$177$42
39 years$1,147$732$452$272$161$37
40 years$1,106$697$424$251$146$32
41 years$1,067$663$398$232$132$27
42 years$1,030$632$373$214$120$24
43 years$995$602$350$197$109$21
44 years$961$574$329$182$99$18
45 years$929$547$308$168$90$15
46 years$899$522$290$155$81$13
47 years$870$498$272$144$74$12
48 years$842$475$256$133$67$10
49 years$815$454$240$123$61$9
50 years$790$434$226$113$55$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $809,000, adding $3,486 every year, while hoping to spend $34,923 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: 47/44/9 Blend
61$809,000$809,000$809,000$809,000
62$895,114$852,237$839,697$934,817
63$949,258$856,839$830,669$967,100
64$1,007,754$860,495$820,169$998,194
65$1,071,009$863,124$808,109$1,031,135
66$1,139,471$864,636$794,399$1,066,107
67$1,213,631$864,938$778,946$1,103,313
68$1,294,031$863,929$761,650$1,142,977
69$1,381,265$861,504$742,408$1,185,349
70$1,475,986$857,551$721,111$1,230,705
71$1,578,915$851,949$697,647$1,279,354
72$1,690,843$844,573$671,896$1,331,635
73$1,812,640$835,288$643,736$1,387,926
74$1,945,264$823,952$613,036$1,448,645
75$2,089,770$810,414$579,661$1,514,257
76$2,247,317$794,515$543,470$1,585,275
77$2,419,182$776,085$504,315$1,662,269
78$2,606,770$754,945$462,041$1,745,870
79$2,811,628$730,905$416,488$1,836,777
80$3,035,460$703,765$367,486$1,935,763
81$3,280,139$673,311$314,859$2,043,685
82$3,547,731$639,321$258,424$2,161,491
83$3,840,506$601,554$197,988$2,290,231
84$4,160,968$559,761$133,351$2,431,067
85$4,511,872$513,675$64,303$2,585,283
86$4,896,253$463,014$0$2,754,301
87$5,317,452$407,483$0$2,940,596
88$5,779,149$346,767$0$3,151,652
89$6,285,398$280,534$0$3,383,237
90$6,840,663$208,435$0$3,637,498
91$7,449,861$130,098$0$3,916,814
92$8,118,407$45,134$0$4,223,807
93$8,852,268$0$0$4,561,378
94$9,658,015$0$0$4,955,424
95$10,542,887$0$0$5,412,258
96$11,514,858$0$0$5,914,159
97$12,582,713$0$0$6,465,674
98$13,756,129$0$0$7,071,813
99$15,045,768$0$0$7,738,098
100$16,463,376$0$0$8,470,611