Can I retire at age 62 with 827,000?

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 $827,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$68,293$67,685$67,091$66,512$65,946$63,632
2 years$33,808$33,179$32,568$31,977$31,403$29,095
3 years$22,315$21,683$21,074$20,488$19,923$17,695
4 years$16,569$15,939$15,336$14,760$14,209$12,078
5 years$13,123$12,496$11,902$11,337$10,802$8,772
6 years$10,826$10,204$9,618$9,067$8,547$6,621
7 years$9,186$8,570$7,993$7,454$6,951$5,129
8 years$7,957$7,346$6,779$6,253$5,767$4,046
9 years$7,001$6,396$5,838$5,326$4,856$3,235
10 years$6,237$5,638$5,090$4,591$4,138$2,614
11 years$5,612$5,019$4,481$3,996$3,559$2,128
12 years$5,092$4,505$3,977$3,505$3,084$1,744
13 years$4,652$4,071$3,553$3,094$2,689$1,436
14 years$4,275$3,700$3,193$2,747$2,357$1,187
15 years$3,949$3,380$2,882$2,450$2,076$985
16 years$3,664$3,101$2,613$2,193$1,834$819
17 years$3,413$2,856$2,378$1,971$1,627$682
18 years$3,189$2,639$2,171$1,776$1,446$570
19 years$2,990$2,446$1,987$1,605$1,289$476
20 years$2,811$2,273$1,824$1,453$1,151$399
21 years$2,649$2,117$1,678$1,319$1,030$334
22 years$2,502$1,976$1,546$1,199$924$280
23 years$2,368$1,848$1,428$1,092$829$235
24 years$2,245$1,732$1,320$996$745$198
25 years$2,132$1,625$1,223$910$671$166
26 years$2,028$1,527$1,134$832$604$140
27 years$1,932$1,438$1,053$761$545$117
28 years$1,843$1,355$979$698$491$99
29 years$1,760$1,278$911$640$444$83
30 years$1,683$1,207$849$587$401$70
31 years$1,611$1,141$791$539$362$59
32 years$1,544$1,079$738$496$328$50
33 years$1,481$1,022$689$456$297$42
34 years$1,422$969$644$419$269$35
35 years$1,366$919$602$386$243$30
36 years$1,313$872$563$355$220$25
37 years$1,264$828$527$328$200$21
38 years$1,217$787$494$302$181$18
39 years$1,173$749$463$278$164$15
40 years$1,131$712$434$257$149$13
41 years$1,091$678$406$237$135$11
42 years$1,053$646$381$219$123$9
43 years$1,017$615$358$202$111$7
44 years$983$586$336$186$101$6
45 years$950$559$315$172$92$5
46 years$919$533$296$159$83$4
47 years$889$509$278$147$76$4
48 years$861$486$261$136$69$3
49 years$833$464$246$125$62$3
50 years$807$443$231$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $827,000, adding $2,316 every year, while hoping to spend $20,515 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: 46/29/25 Blend
61$827,000$827,000$827,000$827,000
62$913,743$869,912$857,093$949,116
63$985,117$890,710$863,978$995,086
64$1,063,083$911,839$870,406$1,042,745
65$1,148,293$933,295$876,340$1,094,049
66$1,241,463$955,070$881,741$1,149,349
67$1,343,382$977,158$886,569$1,209,033
68$1,454,917$999,549$890,780$1,273,526
69$1,577,027$1,022,235$894,329$1,343,300
70$1,710,763$1,045,204$897,169$1,418,873
71$1,857,286$1,068,445$899,249$1,500,815
72$2,017,874$1,091,943$900,518$1,589,757
73$2,193,932$1,115,683$900,921$1,686,394
74$2,387,011$1,139,649$900,399$1,791,491
75$2,598,817$1,163,822$898,893$1,905,891
76$2,831,229$1,188,183$896,339$2,030,526
77$3,086,318$1,212,708$892,670$2,166,420
78$3,366,365$1,237,373$887,817$2,314,705
79$3,673,882$1,262,152$881,707$2,476,626
80$4,011,636$1,287,015$874,262$2,653,559
81$4,382,676$1,311,933$865,403$2,847,019
82$4,790,361$1,336,869$855,046$3,058,676
83$5,238,390$1,361,788$843,102$3,290,372
84$5,730,840$1,386,649$829,480$3,544,137
85$6,272,201$1,411,410$814,083$3,822,209
86$6,867,420$1,436,024$796,809$4,127,057
87$7,521,948$1,460,440$777,554$4,461,400
88$8,241,791$1,484,606$756,206$4,828,239
89$9,033,564$1,508,463$732,650$5,230,880
90$9,904,559$1,531,949$706,765$5,672,969
91$10,862,807$1,554,997$678,424$6,158,523
92$11,917,157$1,577,536$647,495$6,691,973
93$13,077,361$1,599,489$613,840$7,278,204
94$14,354,162$1,620,774$577,314$7,922,599
95$15,759,399$1,641,304$537,767$8,631,094
96$17,306,115$1,660,986$495,039$9,410,232
97$19,008,683$1,679,718$448,967$10,267,225
98$20,882,939$1,697,394$399,377$11,210,025
99$22,946,333$1,713,901$346,091$12,247,395
100$25,218,093$1,729,116$288,919$13,388,999