Can I retire at age 62 with 825,000?

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 $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$68,128$67,521$66,929$66,351$65,787$65,399
2 years$33,727$33,098$32,490$31,899$31,327$30,936
3 years$22,261$21,630$21,023$20,438$19,875$19,493
4 years$16,529$15,900$15,299$14,725$14,175$13,805
5 years$13,091$12,466$11,873$11,310$10,776$10,418
6 years$10,800$10,180$9,595$9,045$8,526$8,182
7 years$9,164$8,549$7,974$7,436$6,934$6,603
8 years$7,938$7,328$6,762$6,238$5,753$5,435
9 years$6,984$6,380$5,824$5,313$4,845$4,540
10 years$6,222$5,624$5,078$4,580$4,128$3,836
11 years$5,599$5,007$4,470$3,986$3,550$3,271
12 years$5,080$4,494$3,967$3,496$3,076$2,810
13 years$4,641$4,061$3,545$3,087$2,683$2,429
14 years$4,265$3,691$3,185$2,740$2,352$2,110
15 years$3,940$3,372$2,875$2,444$2,071$1,841
16 years$3,655$3,094$2,607$2,188$1,830$1,612
17 years$3,404$2,849$2,372$1,966$1,623$1,416
18 years$3,182$2,633$2,166$1,772$1,443$1,246
19 years$2,983$2,440$1,982$1,601$1,286$1,100
20 years$2,804$2,267$1,819$1,450$1,149$973
21 years$2,642$2,112$1,674$1,316$1,028$862
22 years$2,496$1,972$1,542$1,196$921$765
23 years$2,362$1,844$1,424$1,090$827$679
24 years$2,239$1,728$1,317$994$743$604
25 years$2,127$1,621$1,220$908$669$538
26 years$2,023$1,524$1,131$830$603$479
27 years$1,928$1,434$1,051$760$543$427
28 years$1,839$1,351$977$696$490$381
29 years$1,756$1,275$909$638$443$341
30 years$1,679$1,204$847$586$400$304
31 years$1,608$1,138$789$538$362$272
32 years$1,540$1,077$736$494$327$243
33 years$1,477$1,020$688$455$296$218
34 years$1,418$967$642$418$268$195
35 years$1,363$917$601$385$243$174
36 years$1,310$870$562$355$220$156
37 years$1,261$826$526$327$199$140
38 years$1,214$785$492$301$181$125
39 years$1,170$747$461$278$164$112
40 years$1,128$711$432$256$149$101
41 years$1,088$676$406$236$135$90
42 years$1,050$644$380$218$122$81
43 years$1,014$614$357$201$111$73
44 years$980$585$335$186$101$65
45 years$948$558$315$172$92$58
46 years$917$532$295$159$83$52
47 years$887$508$278$147$75$47
48 years$859$485$261$135$69$42
49 years$831$463$245$125$62$38
50 years$805$442$231$116$57$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $825,000, adding $6,350 every year, while hoping to spend $39,292 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: 45/42/13 Blend
61$825,000$825,000$825,000$825,000
62$915,700$871,975$859,188$953,243
63$967,295$872,895$846,164$980,910
64$1,022,836$872,544$831,387$1,006,405
65$1,082,683$870,817$814,757$1,033,185
66$1,147,234$867,604$796,168$1,061,382
67$1,216,924$862,789$775,512$1,091,146
68$1,292,231$856,246$752,673$1,122,646
69$1,373,682$847,846$727,530$1,156,067
70$1,461,855$837,447$699,960$1,191,619
71$1,557,385$824,903$669,829$1,229,533
72$1,660,971$810,056$637,001$1,270,069
73$1,773,382$792,741$601,333$1,313,516
74$1,895,463$772,781$562,674$1,360,196
75$2,028,145$749,992$520,868$1,410,466
76$2,172,449$724,175$475,750$1,464,726
77$2,329,501$695,122$427,150$1,523,418
78$2,500,540$662,612$374,889$1,587,035
79$2,686,928$626,413$318,781$1,656,126
80$2,890,164$586,277$258,630$1,731,300
81$3,111,899$541,943$194,232$1,813,231
82$3,353,950$493,135$125,376$1,902,672
83$3,618,316$439,562$51,839$2,000,456
84$3,907,198$380,915$0$2,107,508
85$4,223,021$316,868$0$2,228,548
86$4,568,452$247,078$0$2,368,934
87$4,946,430$171,180$0$2,522,763
88$5,360,190$88,792$0$2,691,472
89$5,813,293$0$0$2,876,647
90$6,309,663$0$0$3,080,273
91$6,853,621$0$0$3,348,488
92$7,449,924$0$0$3,642,613
93$8,103,813$0$0$3,965,245
94$8,821,060$0$0$4,319,244
95$9,608,021$0$0$4,707,762
96$10,471,700$0$0$5,134,269
97$11,419,809$0$0$5,602,589
98$12,460,845$0$0$6,116,933
99$13,604,168$0$0$6,681,941
100$14,860,087$0$0$7,302,724