Can I retire at age 62 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$68,375$67,766$67,172$66,592$66,026$63,456
2 years$33,849$33,219$32,608$32,015$31,441$28,883
3 years$22,342$21,709$21,099$20,513$19,947$17,482
4 years$16,590$15,958$15,355$14,778$14,227$11,872
5 years$13,139$12,512$11,916$11,351$10,815$8,578
6 years$10,839$10,217$9,630$9,078$8,557$6,439
7 years$9,197$8,580$8,003$7,463$6,959$4,959
8 years$7,966$7,355$6,787$6,261$5,774$3,889
9 years$7,010$6,403$5,845$5,333$4,862$3,091
10 years$6,244$5,644$5,096$4,597$4,143$2,481
11 years$5,619$5,025$4,487$4,001$3,563$2,007
12 years$5,098$4,510$3,982$3,509$3,088$1,634
13 years$4,658$4,076$3,557$3,098$2,692$1,336
14 years$4,280$3,705$3,196$2,750$2,360$1,097
15 years$3,954$3,384$2,886$2,453$2,078$903
16 years$3,668$3,105$2,617$2,196$1,837$746
17 years$3,417$2,860$2,381$1,973$1,628$617
18 years$3,193$2,642$2,173$1,778$1,448$511
19 years$2,994$2,449$1,990$1,607$1,291$424
20 years$2,814$2,276$1,826$1,455$1,153$352
21 years$2,652$2,120$1,680$1,321$1,032$293
22 years$2,505$1,979$1,548$1,201$925$244
23 years$2,370$1,851$1,429$1,094$830$203
24 years$2,248$1,734$1,322$997$746$169
25 years$2,135$1,627$1,224$911$671$141
26 years$2,031$1,529$1,136$833$605$118
27 years$1,935$1,439$1,054$762$545$98
28 years$1,845$1,356$980$698$492$82
29 years$1,763$1,279$912$641$444$68
30 years$1,685$1,208$850$588$401$57
31 years$1,613$1,142$792$540$363$48
32 years$1,546$1,081$739$496$328$40
33 years$1,483$1,024$690$456$297$33
34 years$1,423$970$645$420$269$28
35 years$1,368$920$603$386$244$23
36 years$1,315$873$564$356$221$19
37 years$1,265$829$528$328$200$16
38 years$1,218$788$494$302$181$13
39 years$1,174$750$463$279$164$11
40 years$1,132$713$434$257$149$9
41 years$1,092$679$407$237$135$8
42 years$1,054$647$382$219$123$7
43 years$1,018$616$358$202$111$5
44 years$984$587$336$187$101$5
45 years$951$560$316$172$92$4
46 years$920$534$297$159$83$3
47 years$890$510$279$147$76$3
48 years$862$487$262$136$69$2
49 years$834$465$246$126$62$2
50 years$808$444$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 $828,000, adding $4,853 every year, while hoping to spend $21,221 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: 30/49/21 Blend
61$828,000$828,000$828,000$828,000
62$917,462$873,578$860,744$938,844
63$988,464$893,804$867,000$975,772
64$1,065,997$914,310$872,754$1,013,237
65$1,150,705$935,088$877,967$1,053,098
66$1,243,296$956,126$882,599$1,095,575
67$1,344,551$977,415$886,605$1,140,910
68$1,455,329$998,942$889,940$1,189,372
69$1,576,576$1,020,694$892,556$1,241,255
70$1,709,333$1,042,654$894,403$1,296,886
71$1,854,748$1,064,807$895,428$1,356,624
72$2,014,083$1,087,133$895,576$1,420,865
73$2,188,730$1,109,614$894,788$1,490,045
74$2,380,222$1,132,226$893,005$1,564,648
75$2,590,245$1,154,946$890,161$1,645,204
76$2,820,659$1,177,747$886,190$1,732,301
77$3,073,510$1,200,601$881,022$1,826,585
78$3,351,055$1,223,477$874,583$1,928,769
79$3,655,776$1,246,341$866,795$2,039,642
80$3,990,411$1,269,157$857,578$2,160,072
81$4,357,974$1,291,886$846,848$2,291,017
82$4,761,785$1,314,486$834,515$2,433,533
83$5,205,502$1,336,912$820,487$2,588,787
84$5,693,156$1,359,114$804,666$2,758,066
85$6,229,187$1,381,039$786,951$2,942,787
86$6,818,486$1,402,631$767,236$3,144,515
87$7,466,442$1,423,831$745,408$3,364,978
88$8,178,992$1,444,571$721,352$3,606,080
89$8,962,678$1,464,784$694,946$3,869,920
90$9,824,706$1,484,394$666,063$4,158,816
91$10,773,019$1,503,322$634,568$4,475,323
92$11,816,364$1,521,482$600,324$4,822,260
93$12,964,383$1,538,784$563,184$5,202,735
94$14,227,696$1,555,130$522,996$5,620,178
95$15,618,006$1,570,417$479,602$6,078,369
96$17,148,210$1,584,535$432,836$6,581,479
97$18,832,515$1,597,364$382,524$7,134,107
98$20,686,577$1,608,781$328,484$7,741,326
99$22,727,648$1,618,652$270,528$8,408,729
100$24,974,736$1,626,833$208,459$9,142,484