Can I retire at age 62 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$69,119$68,503$67,902$67,316$66,744$65,263
2 years$34,217$33,580$32,962$32,363$31,783$30,298
3 years$22,585$21,945$21,329$20,736$20,164$18,723
4 years$16,770$16,132$15,522$14,939$14,381$12,994
5 years$13,282$12,648$12,046$11,474$10,932$9,603
6 years$10,957$10,328$9,735$9,176$8,650$7,381
7 years$9,297$8,673$8,090$7,544$7,035$5,825
8 years$8,053$7,434$6,861$6,329$5,836$4,685
9 years$7,086$6,473$5,909$5,391$4,915$3,822
10 years$6,312$5,706$5,152$4,647$4,188$3,152
11 years$5,680$5,079$4,535$4,044$3,602$2,622
12 years$5,153$4,559$4,025$3,547$3,121$2,195
13 years$4,708$4,120$3,596$3,132$2,722$1,849
14 years$4,327$3,745$3,231$2,780$2,386$1,564
15 years$3,997$3,421$2,917$2,479$2,101$1,327
16 years$3,708$3,139$2,645$2,220$1,857$1,130
17 years$3,454$2,891$2,407$1,995$1,646$965
18 years$3,228$2,671$2,197$1,797$1,464$826
19 years$3,026$2,476$2,011$1,624$1,305$708
20 years$2,845$2,300$1,846$1,471$1,165$608
21 years$2,681$2,143$1,698$1,335$1,043$522
22 years$2,532$2,000$1,565$1,214$935$449
23 years$2,396$1,871$1,445$1,105$839$387
24 years$2,272$1,753$1,336$1,008$754$334
25 years$2,158$1,645$1,238$921$679$288
26 years$2,053$1,546$1,148$842$611$249
27 years$1,956$1,455$1,066$771$551$215
28 years$1,865$1,371$991$706$497$186
29 years$1,782$1,293$922$647$449$160
30 years$1,704$1,221$859$594$406$139
31 years$1,631$1,155$801$546$367$120
32 years$1,563$1,093$747$502$332$104
33 years$1,499$1,035$698$461$300$90
34 years$1,439$981$652$424$272$78
35 years$1,383$930$609$391$246$67
36 years$1,329$883$570$360$223$58
37 years$1,279$838$534$331$202$50
38 years$1,232$797$500$306$183$44
39 years$1,187$758$468$282$166$38
40 years$1,144$721$439$260$151$33
41 years$1,104$686$411$240$137$28
42 years$1,066$654$386$221$124$25
43 years$1,029$623$362$204$113$21
44 years$994$594$340$189$102$18
45 years$961$566$319$174$93$16
46 years$930$540$300$161$84$14
47 years$900$515$282$149$77$12
48 years$871$492$265$137$70$10
49 years$844$470$249$127$63$9
50 years$817$449$234$117$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $837,000, adding $5,424 every year, while hoping to spend $27,963 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: 37/49/14 Blend
61$837,000$837,000$837,000$837,000
62$927,969$883,608$870,634$958,154
63$992,869$897,152$870,048$993,842
64$1,063,452$910,423$868,505$1,029,282
65$1,140,268$923,377$865,944$1,066,955
66$1,223,922$935,969$862,299$1,107,075
67$1,315,080$948,150$857,504$1,149,879
68$1,414,475$959,866$851,488$1,195,629
69$1,522,914$971,062$844,175$1,244,613
70$1,641,285$981,678$835,488$1,297,152
71$1,770,565$991,649$825,346$1,353,601
72$1,911,831$1,000,908$813,664$1,414,349
73$2,066,266$1,009,382$800,351$1,479,830
74$2,235,177$1,016,992$785,313$1,550,523
75$2,419,998$1,023,658$768,454$1,626,956
76$2,622,311$1,029,290$749,671$1,709,715
77$2,843,857$1,033,796$728,855$1,799,445
78$3,086,554$1,037,076$705,895$1,896,863
79$3,352,514$1,039,024$680,674$2,002,756
80$3,644,062$1,039,528$653,069$2,117,999
81$3,963,761$1,038,469$622,951$2,243,557
82$4,314,431$1,035,720$590,186$2,380,494
83$4,699,180$1,031,148$554,634$2,529,989
84$5,121,430$1,024,608$516,149$2,693,344
85$5,584,953$1,015,950$474,576$2,871,995
86$6,093,900$1,005,014$429,757$3,067,530
87$6,652,848$991,630$381,524$3,281,704
88$7,266,835$975,617$329,702$3,516,453
89$7,941,414$956,784$274,109$3,773,917
90$8,682,701$934,929$214,554$4,056,458
91$9,497,434$909,838$150,839$4,366,686
92$10,393,037$881,285$82,757$4,707,479
93$11,377,687$849,028$10,089$5,082,019
94$12,460,395$812,814$0$5,493,816
95$13,651,089$772,375$0$5,956,823
96$14,960,704$727,426$0$6,467,503
97$16,401,292$677,666$0$7,029,107
98$17,986,130$622,778$0$7,646,886
99$19,729,847$562,426$0$8,326,630
100$21,648,560$496,253$0$9,074,729