Can I retire at age 62 with 810,000?

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 $810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$66,889$66,293$65,712$65,145$64,591$63,652
2 years$33,113$32,497$31,899$31,319$30,757$29,813
3 years$21,856$21,237$20,641$20,067$19,514$18,594
4 years$16,229$15,611$15,021$14,457$13,917$13,029
5 years$12,853$12,240$11,657$11,104$10,580$9,725
6 years$10,604$9,994$9,421$8,880$8,371$7,552
7 years$8,997$8,393$7,829$7,301$6,808$6,024
8 years$7,793$7,195$6,639$6,125$5,648$4,899
9 years$6,857$6,264$5,718$5,217$4,756$4,042
10 years$6,109$5,522$4,985$4,497$4,053$3,373
11 years$5,497$4,916$4,389$3,914$3,486$2,839
12 years$4,987$4,412$3,895$3,433$3,020$2,407
13 years$4,556$3,987$3,480$3,031$2,634$2,052
14 years$4,187$3,624$3,127$2,690$2,309$1,758
15 years$3,868$3,311$2,823$2,399$2,033$1,512
16 years$3,589$3,038$2,560$2,148$1,797$1,305
17 years$3,342$2,797$2,329$1,930$1,593$1,129
18 years$3,124$2,585$2,126$1,739$1,416$980
19 years$2,929$2,396$1,946$1,572$1,263$852
20 years$2,753$2,226$1,786$1,424$1,128$742
21 years$2,594$2,074$1,643$1,292$1,009$647
22 years$2,450$1,936$1,514$1,175$905$565
23 years$2,319$1,810$1,398$1,070$812$494
24 years$2,199$1,696$1,293$976$730$432
25 years$2,088$1,592$1,198$891$657$378
26 years$1,987$1,496$1,111$815$592$332
27 years$1,892$1,408$1,031$746$533$291
28 years$1,805$1,327$959$683$481$255
29 years$1,724$1,252$892$627$435$224
30 years$1,649$1,182$831$575$393$197
31 years$1,578$1,117$775$528$355$173
32 years$1,512$1,057$723$485$321$152
33 years$1,451$1,001$675$446$291$134
34 years$1,393$949$631$411$263$118
35 years$1,338$900$590$378$238$103
36 years$1,286$854$552$348$216$91
37 years$1,238$811$516$321$196$80
38 years$1,192$771$484$296$177$70
39 years$1,149$733$453$273$161$62
40 years$1,107$698$425$251$146$55
41 years$1,068$664$398$232$132$48
42 years$1,031$632$373$214$120$42
43 years$996$603$350$198$109$37
44 years$962$574$329$183$99$33
45 years$930$548$309$169$90$29
46 years$900$523$290$156$82$25
47 years$871$499$273$144$74$22
48 years$843$476$256$133$67$20
49 years$816$455$241$123$61$17
50 years$791$434$226$114$55$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $810,000, adding $2,739 every year, while hoping to spend $22,589 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: 51/25/24 Blend
61$810,000$810,000$810,000$810,000
62$895,445$852,515$839,960$934,970
63$962,746$870,254$844,064$980,406
64$1,036,155$888,105$847,549$1,027,264
65$1,116,270$906,049$850,369$1,077,752
66$1,203,751$924,068$852,479$1,132,225
67$1,299,325$942,138$853,828$1,191,073
68$1,403,790$960,237$854,365$1,254,726
69$1,518,027$978,338$854,036$1,323,659
70$1,643,003$996,415$852,784$1,398,394
71$1,779,787$1,014,436$850,550$1,479,509
72$1,929,552$1,032,371$847,270$1,567,640
73$2,093,592$1,050,183$842,880$1,663,489
74$2,273,333$1,067,836$837,310$1,767,829
75$2,470,341$1,085,288$830,489$1,881,514
76$2,686,347$1,102,498$822,340$2,005,485
77$2,923,251$1,119,418$812,786$2,140,779
78$3,183,152$1,135,998$801,743$2,288,542
79$3,468,356$1,152,185$789,125$2,450,035
80$3,781,408$1,167,922$774,840$2,626,650
81$4,125,108$1,183,147$758,794$2,819,922
82$4,502,543$1,197,795$740,887$3,031,544
83$4,917,112$1,211,795$721,016$3,263,381
84$5,372,558$1,225,075$699,071$3,517,492
85$5,873,008$1,237,552$674,939$3,796,147
86$6,423,006$1,249,144$648,501$4,101,847
87$7,027,559$1,259,758$619,632$4,437,352
88$7,692,183$1,269,299$588,202$4,805,706
89$8,422,954$1,277,663$554,075$5,210,261
90$9,226,568$1,284,741$517,110$5,654,719
91$10,110,402$1,290,418$477,157$6,143,156
92$11,082,583$1,294,568$434,061$6,680,070
93$12,152,065$1,297,060$387,661$7,270,420
94$13,328,715$1,297,755$337,786$7,919,670
95$14,623,402$1,296,504$284,261$8,633,849
96$16,048,106$1,293,149$226,900$9,419,601
97$17,616,022$1,287,522$165,511$10,284,251
98$19,341,692$1,279,447$99,892$11,235,876
99$21,241,140$1,268,735$29,833$12,283,379
100$23,332,018$1,255,185$0$13,436,575