Can I retire at age 62 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$71,596$70,958$70,336$69,729$69,136$68,557
2 years$35,444$34,783$34,144$33,523$32,922$32,338
3 years$23,394$22,731$22,093$21,479$20,887$20,317
4 years$17,371$16,710$16,078$15,474$14,897$14,344
5 years$13,758$13,101$12,477$11,886$11,324$10,791
6 years$11,350$10,698$10,084$9,505$8,961$8,448
7 years$9,631$8,984$8,379$7,815$7,287$6,795
8 years$8,342$7,701$7,106$6,556$6,046$5,574
9 years$7,340$6,705$6,121$5,584$5,091$4,640
10 years$6,539$5,910$5,336$4,813$4,338$3,907
11 years$5,884$5,261$4,698$4,189$3,731$3,319
12 years$5,338$4,722$4,169$3,674$3,233$2,841
13 years$4,877$4,268$3,725$3,244$2,819$2,446
14 years$4,482$3,879$3,347$2,880$2,471$2,116
15 years$4,140$3,544$3,022$2,568$2,176$1,839
16 years$3,841$3,251$2,740$2,299$1,923$1,604
17 years$3,578$2,994$2,493$2,066$1,705$1,402
18 years$3,344$2,767$2,276$1,862$1,516$1,230
19 years$3,135$2,564$2,083$1,682$1,351$1,081
20 years$2,947$2,383$1,912$1,524$1,207$951
21 years$2,777$2,220$1,759$1,383$1,080$839
22 years$2,623$2,072$1,621$1,257$968$741
23 years$2,482$1,938$1,497$1,145$869$655
24 years$2,353$1,816$1,384$1,044$781$580
25 years$2,235$1,704$1,282$954$703$514
26 years$2,126$1,601$1,189$872$633$456
27 years$2,026$1,507$1,104$798$571$405
28 years$1,932$1,420$1,026$731$515$360
29 years$1,846$1,340$955$671$465$319
30 years$1,765$1,265$890$616$420$284
31 years$1,689$1,196$829$565$380$253
32 years$1,619$1,132$774$520$344$225
33 years$1,553$1,072$723$478$311$200
34 years$1,491$1,016$675$440$282$178
35 years$1,432$963$631$405$255$159
36 years$1,377$914$590$373$231$142
37 years$1,325$868$553$343$209$126
38 years$1,276$825$518$316$190$112
39 years$1,229$785$485$292$172$100
40 years$1,185$747$454$269$156$89
41 years$1,144$711$426$248$142$80
42 years$1,104$677$400$229$129$71
43 years$1,066$645$375$212$117$63
44 years$1,030$615$352$195$106$57
45 years$996$586$331$180$96$50
46 years$963$559$311$167$87$45
47 years$932$534$292$154$79$40
48 years$902$510$274$142$72$36
49 years$874$487$258$131$65$32
50 years$846$465$242$122$59$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $867,000, adding $2,886 every year, while hoping to spend $40,957 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: 56/22/22 Blend
61$867,000$867,000$867,000$867,000
62$958,411$912,460$899,021$1,006,218
63$1,012,591$913,593$885,561$1,040,359
64$1,070,925$913,408$870,276$1,072,943
65$1,133,792$911,798$853,064$1,107,562
66$1,201,612$908,649$833,815$1,144,421
67$1,274,843$903,839$812,414$1,183,751
68$1,353,989$897,240$788,742$1,225,805
69$1,439,605$888,714$762,674$1,270,867
70$1,532,301$878,117$734,079$1,319,248
71$1,632,746$865,295$702,821$1,371,297
72$1,741,677$850,085$668,757$1,427,398
73$1,859,904$832,316$631,737$1,487,977
74$1,988,319$811,804$591,605$1,553,507
75$2,127,902$788,356$548,197$1,624,510
76$2,279,730$761,768$501,344$1,701,567
77$2,444,990$731,822$450,867$1,785,319
78$2,624,987$698,290$396,579$1,876,477
79$2,821,159$660,929$338,288$1,975,827
80$3,035,085$619,483$275,788$2,084,240
81$3,268,507$573,680$208,870$2,202,678
82$3,523,338$523,234$137,310$2,332,207
83$3,801,687$467,841$60,879$2,474,007
84$4,105,876$407,182$0$2,629,380
85$4,438,459$340,918$0$2,804,625
86$4,802,249$268,691$0$3,012,046
87$5,200,345$190,123$0$3,239,161
88$5,636,157$104,816$0$3,487,983
89$6,113,442$12,348$0$3,760,731
90$6,636,334$0$0$4,059,856
91$7,209,391$0$0$4,409,297
92$7,837,628$0$0$4,795,742
93$8,526,571$0$0$5,219,611
94$9,282,305$0$0$5,684,657
95$10,111,534$0$0$6,195,016
96$11,021,641$0$0$6,755,243
97$12,020,759$0$0$7,370,357
98$13,117,847$0$0$8,045,883
99$14,322,773$0$0$8,787,911
100$15,646,409$0$0$9,603,148