Can I retire at age 62 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$68,706$68,094$67,497$66,914$66,345$65,085
2 years$34,013$33,379$32,765$32,170$31,593$30,329
3 years$22,450$21,814$21,201$20,612$20,044$18,814
4 years$16,670$16,035$15,429$14,850$14,295$13,110
5 years$13,202$12,572$11,974$11,406$10,867$9,730
6 years$10,892$10,266$9,677$9,121$8,599$7,511
7 years$9,242$8,621$8,041$7,499$6,993$5,954
8 years$8,005$7,390$6,820$6,291$5,801$4,812
9 years$7,043$6,434$5,874$5,358$4,886$3,944
10 years$6,275$5,672$5,121$4,619$4,163$3,269
11 years$5,646$5,049$4,508$4,020$3,580$2,733
12 years$5,123$4,532$4,001$3,526$3,103$2,300
13 years$4,680$4,095$3,575$3,113$2,705$1,947
14 years$4,301$3,723$3,212$2,763$2,372$1,656
15 years$3,973$3,401$2,900$2,464$2,088$1,413
16 years$3,686$3,120$2,629$2,207$1,845$1,210
17 years$3,433$2,873$2,392$1,983$1,636$1,039
18 years$3,209$2,655$2,184$1,787$1,455$895
19 years$3,008$2,461$1,999$1,614$1,297$771
20 years$2,828$2,287$1,835$1,462$1,158$666
21 years$2,665$2,130$1,688$1,327$1,037$576
22 years$2,517$1,988$1,555$1,207$929$499
23 years$2,382$1,860$1,436$1,099$834$432
24 years$2,258$1,742$1,328$1,002$750$375
25 years$2,145$1,635$1,230$915$675$326
26 years$2,041$1,537$1,141$837$608$283
27 years$1,944$1,446$1,060$766$548$246
28 years$1,854$1,363$985$702$494$214
29 years$1,771$1,286$917$644$446$186
30 years$1,694$1,214$854$591$403$162
31 years$1,621$1,148$796$542$365$141
32 years$1,553$1,086$743$499$330$123
33 years$1,490$1,028$693$458$299$107
34 years$1,430$975$648$422$270$93
35 years$1,374$925$606$388$245$81
36 years$1,321$878$567$358$222$71
37 years$1,272$833$530$330$201$62
38 years$1,224$792$497$304$182$54
39 years$1,180$753$465$280$165$47
40 years$1,137$717$436$258$150$41
41 years$1,097$682$409$238$136$36
42 years$1,059$650$384$220$123$31
43 years$1,023$619$360$203$112$27
44 years$989$590$338$187$102$24
45 years$956$563$317$173$92$21
46 years$924$537$298$160$84$18
47 years$894$512$280$148$76$16
48 years$866$489$263$137$69$14
49 years$838$467$247$126$63$12
50 years$812$446$232$117$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $832,000, adding $5,020 every year, while hoping to spend $47,856 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: 44/43/13 Blend
61$832,000$832,000$832,000$832,000
62$922,042$877,946$865,050$958,955
63$965,172$870,047$843,111$977,301
64$1,011,097$860,157$818,833$991,959
65$1,060,052$848,128$792,087$1,006,793
66$1,112,294$833,803$762,738$1,021,839
67$1,168,105$817,015$730,646$1,037,140
68$1,227,792$797,590$695,664$1,052,747
69$1,291,694$775,339$657,636$1,068,718
70$1,360,183$750,066$616,402$1,085,122
71$1,433,664$721,562$571,795$1,102,042
72$1,512,585$689,606$523,637$1,119,568
73$1,597,435$653,964$471,745$1,137,811
74$1,688,753$614,388$415,929$1,156,892
75$1,787,130$570,616$355,986$1,176,954
76$1,893,214$522,373$291,708$1,198,158
77$2,007,717$469,365$222,876$1,220,689
78$2,131,425$411,284$149,263$1,244,758
79$2,265,196$347,803$70,629$1,270,601
80$2,409,978$278,577$0$1,298,489
81$2,566,809$203,242$0$1,330,571
82$2,736,835$121,411$0$1,375,923
83$2,921,312$32,680$0$1,425,163
84$3,121,623$0$0$1,478,768
85$3,339,290$0$0$1,567,262
86$3,575,985$0$0$1,680,396
87$3,833,550$0$0$1,803,598
88$4,114,010$0$0$1,937,848
89$4,419,594$0$0$2,084,226
90$4,752,756$0$0$2,243,919
91$5,116,194$0$0$2,418,234
92$5,512,881$0$0$2,608,611
93$5,946,087$0$0$2,816,633
94$6,419,414$0$0$3,044,044
95$6,936,824$0$0$3,292,766
96$7,502,684$0$0$3,564,910
97$8,121,797$0$0$3,862,807
98$8,799,456$0$0$4,189,019
99$9,541,488$0$0$4,546,369
100$10,354,308$0$0$4,937,965