Can I retire at age 62 with 813,000?

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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$67,137$66,539$65,955$65,386$64,830$63,782
2 years$33,236$32,617$32,017$31,435$30,871$29,819
3 years$21,937$21,316$20,717$20,141$19,586$18,561
4 years$16,289$15,669$15,077$14,510$13,969$12,980
5 years$12,901$12,285$11,700$11,145$10,619$9,668
6 years$10,643$10,032$9,456$8,913$8,402$7,491
7 years$9,031$8,424$7,858$7,328$6,833$5,962
8 years$7,822$7,221$6,664$6,147$5,669$4,838
9 years$6,883$6,287$5,740$5,236$4,774$3,982
10 years$6,131$5,542$5,004$4,514$4,068$3,314
11 years$5,517$4,934$4,405$3,928$3,498$2,783
12 years$5,006$4,428$3,910$3,446$3,032$2,353
13 years$4,573$4,002$3,493$3,042$2,644$2,001
14 years$4,203$3,638$3,138$2,700$2,317$1,710
15 years$3,882$3,323$2,834$2,408$2,040$1,467
16 years$3,602$3,049$2,569$2,156$1,803$1,262
17 years$3,355$2,808$2,338$1,937$1,599$1,089
18 years$3,135$2,595$2,134$1,746$1,422$942
19 years$2,939$2,405$1,954$1,578$1,267$817
20 years$2,763$2,234$1,793$1,429$1,132$709
21 years$2,604$2,081$1,649$1,297$1,013$616
22 years$2,459$1,943$1,520$1,179$908$537
23 years$2,328$1,817$1,403$1,074$815$468
24 years$2,207$1,703$1,298$979$733$408
25 years$2,096$1,598$1,202$894$659$356
26 years$1,994$1,502$1,115$818$594$311
27 years$1,900$1,413$1,035$749$535$272
28 years$1,812$1,332$962$686$483$238
29 years$1,731$1,256$896$629$436$208
30 years$1,655$1,186$834$577$394$182
31 years$1,584$1,122$778$530$356$160
32 years$1,518$1,061$726$487$322$140
33 years$1,456$1,005$678$448$292$123
34 years$1,398$952$633$412$264$107
35 years$1,343$903$592$379$239$94
36 years$1,291$857$554$349$217$83
37 years$1,242$814$518$322$196$72
38 years$1,196$774$485$297$178$64
39 years$1,153$736$455$274$161$56
40 years$1,111$700$426$252$146$49
41 years$1,072$667$400$233$133$43
42 years$1,035$635$375$215$121$38
43 years$1,000$605$352$198$109$33
44 years$966$577$330$183$99$29
45 years$934$550$310$169$90$25
46 years$903$524$291$156$82$22
47 years$874$500$274$144$74$20
48 years$846$478$257$133$68$17
49 years$819$456$242$123$61$15
50 years$794$436$227$114$56$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $813,000, adding $3,851 every year, while hoping to spend $42,558 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: 56/16/28 Blend
61$813,000$813,000$813,000$813,000
62$899,898$856,809$844,208$943,154
63$946,407$853,512$827,207$970,043
64$996,232$848,626$808,211$994,581
65$1,049,669$842,030$787,107$1,020,453
66$1,107,038$833,592$763,779$1,047,802
67$1,168,694$823,176$738,103$1,076,790
68$1,235,024$810,635$709,953$1,107,592
69$1,306,454$795,814$679,193$1,140,408
70$1,383,452$778,548$645,686$1,175,458
71$1,466,531$758,664$609,284$1,212,989
72$1,556,257$735,978$569,834$1,253,272
73$1,653,248$710,294$527,177$1,296,613
74$1,758,188$681,407$481,146$1,343,349
75$1,871,826$649,098$431,566$1,393,856
76$1,994,985$613,137$378,256$1,448,551
77$2,128,571$573,279$321,026$1,507,898
78$2,273,582$529,265$259,677$1,572,410
79$2,431,112$480,824$194,001$1,642,658
80$2,602,367$427,667$123,782$1,719,276
81$2,788,674$369,488$48,794$1,802,964
82$2,991,492$305,966$0$1,894,503
83$3,212,425$236,760$0$2,004,084
84$3,453,242$161,510$0$2,139,496
85$3,715,886$79,837$0$2,287,283
86$4,002,498$0$0$2,448,697
87$4,315,434$0$0$2,626,644
88$4,657,286$0$0$2,836,459
89$5,030,910$0$0$3,065,844
90$5,439,449$0$0$3,316,738
91$5,886,364$0$0$3,591,276
92$6,375,464$0$0$3,891,809
93$6,910,947$0$0$4,220,924
94$7,497,433$0$0$4,581,471
95$8,140,009$0$0$4,976,589
96$8,844,280$0$0$5,409,736
97$9,616,418$0$0$5,884,717
98$10,463,219$0$0$6,405,728
99$11,392,171$0$0$6,977,385
100$12,411,519$0$0$7,604,778