Can I retire at age 62 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$67,715$67,112$66,523$65,949$65,388$62,769
2 years$33,522$32,898$32,293$31,706$31,137$28,531
3 years$22,126$21,499$20,896$20,314$19,755$17,244
4 years$16,429$15,804$15,207$14,635$14,089$11,693
5 years$13,012$12,391$11,801$11,241$10,710$8,435
6 years$10,735$10,118$9,537$8,990$8,475$6,321
7 years$9,108$8,497$7,925$7,391$6,892$4,860
8 years$7,889$7,283$6,721$6,200$5,718$3,804
9 years$6,942$6,342$5,789$5,281$4,815$3,018
10 years$6,184$5,590$5,047$4,552$4,103$2,418
11 years$5,565$4,976$4,443$3,962$3,529$1,952
12 years$5,049$4,466$3,943$3,475$3,058$1,586
13 years$4,613$4,036$3,523$3,068$2,666$1,294
14 years$4,239$3,669$3,165$2,723$2,337$1,060
15 years$3,916$3,352$2,858$2,429$2,058$871
16 years$3,633$3,075$2,591$2,175$1,819$718
17 years$3,384$2,832$2,358$1,954$1,613$593
18 years$3,162$2,617$2,152$1,761$1,434$490
19 years$2,965$2,425$1,970$1,591$1,278$406
20 years$2,787$2,254$1,808$1,441$1,142$336
21 years$2,626$2,099$1,663$1,308$1,022$279
22 years$2,480$1,960$1,533$1,189$916$232
23 years$2,348$1,833$1,416$1,083$822$192
24 years$2,226$1,717$1,309$988$739$160
25 years$2,114$1,611$1,212$902$665$133
26 years$2,011$1,515$1,125$825$599$111
27 years$1,916$1,425$1,044$755$540$92
28 years$1,828$1,343$971$692$487$77
29 years$1,746$1,267$903$634$440$64
30 years$1,669$1,197$841$582$398$53
31 years$1,598$1,131$784$535$359$44
32 years$1,531$1,070$732$491$325$37
33 years$1,468$1,014$683$452$294$31
34 years$1,410$961$639$416$266$26
35 years$1,354$911$597$383$241$21
36 years$1,302$865$558$352$219$18
37 years$1,253$821$523$325$198$15
38 years$1,207$781$489$299$180$12
39 years$1,163$742$459$276$163$10
40 years$1,121$706$430$255$148$9
41 years$1,082$672$403$235$134$7
42 years$1,044$640$378$217$122$6
43 years$1,008$610$355$200$110$5
44 years$974$581$333$185$100$4
45 years$942$555$313$171$91$3
46 years$911$529$294$158$83$3
47 years$882$505$276$146$75$2
48 years$853$482$259$135$68$2
49 years$826$460$244$124$62$2
50 years$801$440$229$115$56$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $820,000, adding $5,859 every year, while hoping to spend $24,599 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: 37/34/29 Blend
61$820,000$820,000$820,000$820,000
62$909,684$866,224$853,514$935,285
63$976,298$882,495$855,933$971,041
64$1,048,883$898,740$857,609$1,006,985
65$1,128,021$914,930$858,491$1,045,346
66$1,214,354$931,037$858,525$1,086,359
67$1,308,588$947,027$857,656$1,130,282
68$1,411,500$962,868$855,824$1,177,405
69$1,523,947$978,523$852,968$1,228,043
70$1,646,871$993,951$849,023$1,282,548
71$1,781,308$1,009,111$843,922$1,341,307
72$1,928,401$1,023,957$837,593$1,404,748
73$2,089,408$1,038,441$829,962$1,473,346
74$2,265,713$1,052,510$820,951$1,547,622
75$2,458,842$1,066,109$810,479$1,628,154
76$2,670,473$1,079,178$798,460$1,715,580
77$2,902,458$1,091,654$784,804$1,810,606
78$3,156,831$1,103,468$769,419$1,914,008
79$3,435,839$1,114,548$752,204$2,026,647
80$3,741,950$1,124,818$733,060$2,149,472
81$4,077,889$1,134,193$711,876$2,283,532
82$4,446,652$1,142,587$688,543$2,429,985
83$4,851,543$1,149,906$662,941$2,590,107
84$5,296,199$1,156,051$634,949$2,765,312
85$5,784,630$1,160,915$604,438$2,957,156
86$6,321,249$1,164,387$571,273$3,167,360
87$6,910,920$1,166,346$535,315$3,397,822
88$7,559,003$1,166,666$496,417$3,650,638
89$8,271,400$1,165,211$454,426$3,928,122
90$9,054,615$1,161,839$409,181$4,232,825
91$9,915,813$1,156,396$360,516$4,567,565
92$10,862,889$1,148,722$308,256$4,935,451
93$11,904,539$1,138,645$252,219$5,339,915
94$13,050,348$1,125,984$192,213$5,784,741
95$14,310,872$1,110,547$128,042$6,274,106
96$15,697,746$1,092,129$59,496$6,812,619
97$17,223,787$1,070,514$0$7,405,365
98$18,903,117$1,045,473$0$8,062,177
99$20,751,298$1,016,764$0$8,804,940
100$22,785,475$984,130$0$9,622,123