Can I retire at age 62 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$67,550$66,948$66,361$65,788$65,228$62,814
2 years$33,440$32,818$32,214$31,629$31,061$28,656
3 years$22,072$21,447$20,845$20,265$19,706$17,386
4 years$16,389$15,766$15,170$14,600$14,055$11,837
5 years$12,980$12,360$11,772$11,214$10,684$8,575
6 years$10,708$10,093$9,514$8,968$8,454$6,454
7 years$9,086$8,476$7,906$7,373$6,875$4,985
8 years$7,870$7,266$6,705$6,185$5,704$3,921
9 years$6,925$6,326$5,775$5,268$4,803$3,126
10 years$6,169$5,576$5,035$4,541$4,093$2,517
11 years$5,551$4,964$4,432$3,952$3,520$2,043
12 years$5,036$4,456$3,934$3,467$3,050$1,668
13 years$4,601$4,027$3,514$3,061$2,660$1,369
14 years$4,229$3,660$3,158$2,717$2,332$1,128
15 years$3,906$3,343$2,851$2,423$2,053$932
16 years$3,624$3,068$2,585$2,169$1,814$773
17 years$3,375$2,825$2,352$1,949$1,609$641
18 years$3,155$2,611$2,147$1,757$1,430$534
19 years$2,957$2,419$1,966$1,587$1,275$444
20 years$2,780$2,248$1,804$1,438$1,139$371
21 years$2,620$2,094$1,659$1,305$1,019$309
22 years$2,474$1,955$1,529$1,186$914$259
23 years$2,342$1,828$1,412$1,080$820$216
24 years$2,220$1,713$1,306$985$737$181
25 years$2,109$1,608$1,210$900$663$151
26 years$2,006$1,511$1,122$823$597$127
27 years$1,911$1,422$1,042$753$539$106
28 years$1,823$1,340$968$690$486$89
29 years$1,741$1,264$901$633$439$74
30 years$1,665$1,194$839$581$397$62
31 years$1,594$1,128$783$533$359$52
32 years$1,527$1,068$730$490$324$44
33 years$1,465$1,011$682$451$293$37
34 years$1,406$958$637$415$266$31
35 years$1,351$909$596$382$241$26
36 years$1,299$863$557$352$218$22
37 years$1,250$819$521$324$198$18
38 years$1,204$779$488$299$179$15
39 years$1,160$741$457$275$162$13
40 years$1,118$705$429$254$147$11
41 years$1,079$671$402$234$134$9
42 years$1,041$639$377$216$121$8
43 years$1,006$609$354$200$110$6
44 years$972$580$332$184$100$5
45 years$940$553$312$170$91$4
46 years$909$528$293$157$82$4
47 years$879$504$275$145$75$3
48 years$851$481$259$134$68$3
49 years$824$459$243$124$62$2
50 years$799$439$229$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $818,000, adding $5,843 every year, while hoping to spend $45,153 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: 31/50/19 Blend
61$818,000$818,000$818,000$818,000
62$907,463$864,109$851,430$930,047
63$951,982$858,408$831,911$941,811
64$999,528$850,914$810,224$949,959
65$1,050,363$841,492$786,249$957,774
66$1,104,773$829,998$759,862$965,252
67$1,163,072$816,280$730,929$972,395
68$1,225,605$800,177$699,314$979,210
69$1,292,748$781,517$664,873$985,708
70$1,364,917$760,121$627,455$991,906
71$1,442,568$735,795$586,904$997,829
72$1,526,199$708,338$543,054$1,003,509
73$1,616,359$677,535$495,735$1,008,986
74$1,713,653$643,160$444,767$1,014,314
75$1,818,742$604,971$389,963$1,019,556
76$1,932,354$562,715$331,127$1,024,789
77$2,055,290$516,124$268,056$1,030,106
78$2,188,429$464,913$200,535$1,035,616
79$2,332,739$408,784$128,343$1,041,450
80$2,489,282$347,419$51,247$1,047,759
81$2,659,229$280,482$0$1,054,719
82$2,843,866$207,621$0$1,068,824
83$3,044,608$128,462$0$1,095,518
84$3,263,012$42,610$0$1,124,723
85$3,500,790$0$0$1,156,806
86$3,759,827$0$0$1,219,882
87$4,042,198$0$0$1,314,313
88$4,350,185$0$0$1,417,430
89$4,686,300$0$0$1,530,090
90$5,053,310$0$0$1,653,236
91$5,454,259$0$0$1,787,907
92$5,892,498$0$0$1,935,244
93$6,371,717$0$0$2,096,505
94$6,895,980$0$0$2,273,078
95$7,469,759$0$0$2,466,486
96$8,097,982$0$0$2,678,411
97$8,786,071$0$0$2,910,704
98$9,540,002$0$0$3,165,402
99$10,366,352$0$0$3,444,750
100$11,272,369$0$0$3,751,220