Can I retire at age 62 with 854,000?

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 $854,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$70,523$69,894$69,281$68,683$68,099$66,453
2 years$34,912$34,262$33,632$33,021$32,428$30,779
3 years$23,044$22,391$21,762$21,157$20,574$18,974
4 years$17,110$16,459$15,837$15,242$14,673$13,135
5 years$13,551$12,904$12,290$11,708$11,154$9,682
6 years$11,180$10,537$9,932$9,363$8,826$7,421
7 years$9,486$8,849$8,254$7,697$7,178$5,840
8 years$8,217$7,585$7,000$6,457$5,955$4,684
9 years$7,230$6,605$6,029$5,500$5,015$3,810
10 years$6,441$5,822$5,256$4,741$4,273$3,132
11 years$5,795$5,183$4,628$4,126$3,675$2,597
12 years$5,258$4,652$4,107$3,619$3,185$2,167
13 years$4,804$4,204$3,669$3,195$2,777$1,819
14 years$4,415$3,821$3,297$2,836$2,434$1,533
15 years$4,078$3,491$2,977$2,530$2,143$1,297
16 years$3,784$3,203$2,699$2,265$1,894$1,101
17 years$3,524$2,949$2,456$2,035$1,680$936
18 years$3,294$2,725$2,242$1,834$1,493$798
19 years$3,088$2,526$2,052$1,657$1,331$682
20 years$2,902$2,347$1,883$1,501$1,189$583
21 years$2,735$2,186$1,732$1,362$1,064$499
22 years$2,583$2,041$1,597$1,239$954$428
23 years$2,445$1,909$1,474$1,128$856$367
24 years$2,318$1,788$1,363$1,029$770$315
25 years$2,202$1,678$1,263$940$692$271
26 years$2,094$1,577$1,171$859$624$233
27 years$1,995$1,484$1,088$786$562$200
28 years$1,903$1,399$1,011$720$507$172
29 years$1,818$1,320$941$661$458$148
30 years$1,738$1,246$876$606$414$128
31 years$1,664$1,178$817$557$374$110
32 years$1,595$1,115$762$512$339$95
33 years$1,529$1,056$712$471$306$82
34 years$1,468$1,001$665$433$277$70
35 years$1,411$949$622$399$251$61
36 years$1,356$901$582$367$228$52
37 years$1,305$855$544$338$206$45
38 years$1,257$813$510$312$187$39
39 years$1,211$773$478$287$170$34
40 years$1,168$736$448$265$154$29
41 years$1,126$700$420$245$140$25
42 years$1,087$667$394$226$127$22
43 years$1,050$635$369$208$115$19
44 years$1,015$606$347$192$104$16
45 years$981$577$326$178$95$14
46 years$949$551$306$164$86$12
47 years$918$526$287$152$78$10
48 years$889$502$270$140$71$9
49 years$861$479$254$130$64$8
50 years$834$458$239$120$59$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $854,000, adding $2,636 every year, while hoping to spend $55,948 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: 29/42/29 Blend
61$854,000$854,000$854,000$854,000
62$943,827$898,565$885,328$962,701
63$980,569$883,066$855,458$962,390
64$1,019,184$864,933$822,713$957,039
65$1,059,803$843,978$786,936$950,180
66$1,102,570$820,000$747,966$941,723
67$1,147,642$792,789$705,632$931,574
68$1,195,188$762,122$659,757$919,635
69$1,245,394$727,763$610,156$905,807
70$1,298,462$689,461$556,634$889,985
71$1,354,613$646,953$498,990$872,065
72$1,414,089$599,959$437,011$851,935
73$1,477,152$548,184$370,477$829,485
74$1,544,091$491,314$299,157$804,599
75$1,615,220$429,020$222,811$777,161
76$1,690,884$360,953$141,186$747,052
77$1,771,459$286,745$54,021$714,150
78$1,857,358$206,006$0$678,336
79$1,949,033$118,324$0$651,553
80$2,046,979$23,267$0$640,235
81$2,151,738$0$0$627,620
82$2,263,906$0$0$650,484
83$2,384,135$0$0$686,606
84$2,513,140$0$0$725,461
85$2,651,707$0$0$767,297
86$2,800,698$0$0$812,388
87$2,961,060$0$0$861,032
88$3,133,831$0$0$913,561
89$3,320,153$0$0$970,335
90$3,521,280$0$0$1,031,754
91$3,738,590$0$0$1,098,254
92$3,973,597$0$0$1,170,317
93$4,227,966$0$0$1,248,472
94$4,503,525$0$0$1,333,300
95$4,802,288$0$0$1,425,441
96$5,126,465$0$0$1,525,600
97$5,478,490$0$0$1,634,549
98$5,861,039$0$0$1,753,142
99$6,277,056$0$0$1,882,315
100$6,729,779$0$0$2,023,100