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%18.4%
1 years$68,128$67,521$66,929$66,351$65,787$63,554
2 years$33,727$33,098$32,490$31,899$31,327$29,100
3 years$22,261$21,630$21,023$20,438$19,875$17,723
4 years$16,529$15,900$15,299$14,725$14,175$12,115
5 years$13,091$12,466$11,873$11,310$10,776$8,814
6 years$10,800$10,180$9,595$9,045$8,526$6,663
7 years$9,164$8,549$7,974$7,436$6,934$5,170
8 years$7,938$7,328$6,762$6,238$5,753$4,086
9 years$6,984$6,380$5,824$5,313$4,845$3,273
10 years$6,222$5,624$5,078$4,580$4,128$2,649
11 years$5,599$5,007$4,470$3,986$3,550$2,161
12 years$5,080$4,494$3,967$3,496$3,076$1,775
13 years$4,641$4,061$3,545$3,087$2,683$1,464
14 years$4,265$3,691$3,185$2,740$2,352$1,213
15 years$3,940$3,372$2,875$2,444$2,071$1,008
16 years$3,655$3,094$2,607$2,188$1,830$840
17 years$3,404$2,849$2,372$1,966$1,623$702
18 years$3,182$2,633$2,166$1,772$1,443$587
19 years$2,983$2,440$1,982$1,601$1,286$492
20 years$2,804$2,267$1,819$1,450$1,149$413
21 years$2,642$2,112$1,674$1,316$1,028$347
22 years$2,496$1,972$1,542$1,196$921$292
23 years$2,362$1,844$1,424$1,090$827$245
24 years$2,239$1,728$1,317$994$743$207
25 years$2,127$1,621$1,220$908$669$174
26 years$2,023$1,524$1,131$830$603$147
27 years$1,928$1,434$1,051$760$543$124
28 years$1,839$1,351$977$696$490$104
29 years$1,756$1,275$909$638$443$88
30 years$1,679$1,204$847$586$400$74
31 years$1,608$1,138$789$538$362$63
32 years$1,540$1,077$736$494$327$53
33 years$1,477$1,020$688$455$296$45
34 years$1,418$967$642$418$268$38
35 years$1,363$917$601$385$243$32
36 years$1,310$870$562$355$220$27
37 years$1,261$826$526$327$199$23
38 years$1,214$785$492$301$181$19
39 years$1,170$747$461$278$164$16
40 years$1,128$711$432$256$149$14
41 years$1,088$676$406$236$135$12
42 years$1,050$644$380$218$122$10
43 years$1,014$614$357$201$111$8
44 years$980$585$335$186$101$7
45 years$948$558$315$172$92$6
46 years$917$532$295$159$83$5
47 years$887$508$278$147$75$4
48 years$859$485$261$135$69$4
49 years$831$463$245$125$62$3
50 years$805$442$231$116$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $825,000, adding $5,512 every year, while hoping to spend $32,105 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: 41/49/10 Blend
61$825,000$825,000$825,000$825,000
62$914,836$871,111$858,323$949,415
63$973,989$879,636$852,917$982,722
64$1,038,101$887,502$846,255$1,015,118
65$1,107,642$894,644$838,259$1,049,459
66$1,183,131$900,992$828,850$1,085,936
67$1,265,139$906,469$817,945$1,124,759
68$1,354,294$910,997$805,457$1,166,162
69$1,451,286$914,490$791,294$1,210,403
70$1,556,875$916,858$775,361$1,257,771
71$1,671,897$918,005$757,556$1,308,582
72$1,797,273$917,829$737,776$1,363,190
73$1,934,014$916,222$715,911$1,421,986
74$2,083,236$913,069$691,847$1,485,401
75$2,246,165$908,249$665,462$1,553,915
76$2,424,151$901,630$636,633$1,628,060
77$2,618,682$893,077$605,228$1,708,422
78$2,831,394$882,444$571,109$1,795,653
79$3,064,089$869,577$534,134$1,890,472
80$3,318,751$854,312$494,153$1,993,677
81$3,597,566$836,475$451,009$2,106,151
82$3,902,940$815,884$404,540$2,228,868
83$4,237,522$792,345$354,574$2,362,910
84$4,604,230$765,651$300,933$2,509,470
85$5,006,279$735,586$243,432$2,669,869
86$5,447,208$701,918$181,876$2,845,570
87$5,930,916$664,405$116,061$3,038,187
88$6,461,697$622,788$45,777$3,249,506
89$7,044,282$576,796$0$3,481,502
90$7,683,880$526,140$0$3,739,475
91$8,386,231$470,516$0$4,028,135
92$9,157,657$409,603$0$4,345,283
93$10,005,124$343,059$0$4,693,892
94$10,936,305$270,527$0$5,077,242
95$11,959,651$191,626$0$5,498,958
96$13,084,476$105,956$0$5,963,042
97$14,321,039$13,094$0$6,473,912
98$15,680,642$0$0$7,036,443
99$17,175,739$0$0$7,703,151
100$18,820,049$0$0$8,444,282