Can I retire at age 62 with 836,000?

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 $836,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$69,036$68,421$67,821$67,236$66,664$64,842
2 years$34,176$33,540$32,923$32,325$31,745$29,922
3 years$22,558$21,919$21,303$20,711$20,140$18,375
4 years$16,750$16,113$15,503$14,921$14,364$12,669
5 years$13,266$12,632$12,031$11,461$10,919$9,299
6 years$10,944$10,315$9,723$9,165$8,640$7,096
7 years$9,286$8,663$8,080$7,535$7,027$5,559
8 years$8,043$7,426$6,852$6,321$5,829$4,438
9 years$7,077$6,465$5,902$5,384$4,909$3,592
10 years$6,305$5,699$5,145$4,641$4,183$2,939
11 years$5,673$5,073$4,530$4,039$3,597$2,424
12 years$5,147$4,554$4,020$3,543$3,117$2,013
13 years$4,703$4,115$3,592$3,128$2,718$1,680
14 years$4,322$3,741$3,227$2,777$2,383$1,408
15 years$3,992$3,417$2,914$2,476$2,098$1,185
16 years$3,704$3,135$2,642$2,217$1,854$999
17 years$3,450$2,887$2,404$1,992$1,644$845
18 years$3,224$2,668$2,194$1,795$1,462$716
19 years$3,023$2,473$2,009$1,622$1,303$608
20 years$2,841$2,298$1,844$1,469$1,164$517
21 years$2,678$2,140$1,696$1,333$1,042$440
22 years$2,529$1,998$1,563$1,212$934$375
23 years$2,393$1,869$1,443$1,104$838$320
24 years$2,269$1,751$1,335$1,007$753$273
25 years$2,155$1,643$1,236$920$678$233
26 years$2,050$1,544$1,146$841$611$199
27 years$1,953$1,453$1,065$770$550$170
28 years$1,863$1,369$990$705$497$145
29 years$1,780$1,292$921$647$449$124
30 years$1,702$1,220$858$594$405$106
31 years$1,629$1,153$800$545$366$91
32 years$1,561$1,091$746$501$331$78
33 years$1,497$1,033$697$461$300$67
34 years$1,437$979$651$424$272$57
35 years$1,381$929$609$390$246$49
36 years$1,328$882$569$359$223$42
37 years$1,278$837$533$331$202$36
38 years$1,230$796$499$305$183$31
39 years$1,185$757$468$281$166$26
40 years$1,143$720$438$260$151$23
41 years$1,103$685$411$239$137$19
42 years$1,064$653$385$221$124$17
43 years$1,028$622$362$204$113$14
44 years$993$593$340$188$102$12
45 years$960$565$319$174$93$10
46 years$929$539$299$161$84$9
47 years$899$515$281$148$76$8
48 years$870$491$264$137$69$7
49 years$843$469$248$127$63$6
50 years$816$448$234$117$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $836,000, adding $2,521 every year, while hoping to spend $24,817 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: 59/32/9 Blend
61$836,000$836,000$836,000$836,000
62$923,872$879,564$866,606$976,338
63$991,702$896,258$869,233$1,028,575
64$1,065,619$912,938$871,115$1,082,474
65$1,146,217$929,577$872,203$1,140,632
66$1,234,152$946,146$872,442$1,203,459
67$1,330,143$962,615$871,776$1,271,409
68$1,434,983$978,949$870,146$1,344,979
69$1,549,546$995,112$867,490$1,424,721
70$1,674,792$1,011,065$863,744$1,511,239
71$1,811,780$1,026,766$858,838$1,605,202
72$1,961,674$1,042,171$852,702$1,707,345
73$2,125,759$1,057,231$845,262$1,818,479
74$2,305,445$1,071,894$836,437$1,939,499
75$2,502,290$1,086,106$826,147$2,071,389
76$2,718,006$1,099,808$814,306$2,215,237
77$2,954,481$1,112,937$800,823$2,372,239
78$3,213,792$1,125,425$785,604$2,543,715
79$3,498,228$1,137,200$768,552$2,731,121
80$3,810,311$1,148,186$749,561$2,936,060
81$4,152,816$1,158,301$728,526$3,160,300
82$4,528,804$1,167,458$705,332$3,405,791
83$4,941,643$1,175,564$679,861$3,674,681
84$5,395,045$1,182,522$651,991$3,969,339
85$5,893,099$1,188,224$621,592$4,292,376
86$6,440,308$1,192,561$588,529$4,646,671
87$7,041,636$1,195,412$552,660$5,035,397
88$7,702,548$1,196,653$513,840$5,462,052
89$8,429,067$1,196,148$471,912$5,930,493
90$9,227,828$1,193,755$426,718$6,444,972
91$10,106,141$1,189,324$378,087$7,010,174
92$11,072,059$1,182,693$325,846$7,631,266
93$12,134,457$1,173,693$269,809$8,313,944
94$13,303,111$1,162,142$209,787$9,064,485
95$14,588,791$1,147,851$145,578$9,889,811
96$16,003,368$1,130,615$76,974$10,797,550
97$17,559,916$1,110,220$3,758$11,796,113
98$19,272,845$1,086,438$0$12,894,769
99$21,158,029$1,059,028$0$14,110,882
100$23,232,962$1,027,734$0$15,449,421