Can I retire at age 62 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$72,257$71,613$70,985$70,372$69,774$68,988
2 years$35,771$35,104$34,459$33,833$33,226$32,434
3 years$23,610$22,941$22,297$21,677$21,080$20,308
4 years$17,531$16,864$16,227$15,617$15,034$14,287
5 years$13,885$13,222$12,593$11,995$11,429$10,709
6 years$11,455$10,797$10,177$9,593$9,043$8,352
7 years$9,719$9,067$8,457$7,887$7,355$6,692
8 years$8,419$7,772$7,172$6,616$6,101$5,467
9 years$7,407$6,767$6,177$5,635$5,138$4,533
10 years$6,599$5,965$5,385$4,858$4,378$3,800
11 years$5,938$5,310$4,741$4,228$3,765$3,215
12 years$5,387$4,766$4,208$3,708$3,263$2,739
13 years$4,922$4,307$3,759$3,274$2,845$2,348
14 years$4,523$3,915$3,378$2,906$2,494$2,022
15 years$4,178$3,576$3,050$2,592$2,196$1,749
16 years$3,877$3,281$2,765$2,321$1,941$1,518
17 years$3,611$3,022$2,516$2,085$1,721$1,321
18 years$3,375$2,792$2,297$1,879$1,530$1,152
19 years$3,164$2,588$2,103$1,698$1,364$1,008
20 years$2,974$2,405$1,930$1,538$1,218$883
21 years$2,802$2,240$1,775$1,396$1,090$774
22 years$2,647$2,091$1,636$1,269$977$680
23 years$2,505$1,956$1,510$1,156$877$598
24 years$2,375$1,832$1,397$1,054$788$527
25 years$2,256$1,720$1,294$963$709$464
26 years$2,146$1,616$1,200$880$639$410
27 years$2,044$1,521$1,114$806$576$362
28 years$1,950$1,433$1,036$738$520$319
29 years$1,863$1,352$964$677$469$282
30 years$1,781$1,277$898$621$424$249
31 years$1,705$1,207$837$571$383$221
32 years$1,634$1,142$781$524$347$195
33 years$1,567$1,082$729$482$314$173
34 years$1,504$1,025$681$444$284$153
35 years$1,445$972$637$408$257$135
36 years$1,390$923$596$376$233$120
37 years$1,337$877$558$347$211$106
38 years$1,288$833$522$319$192$94
39 years$1,241$792$489$295$174$83
40 years$1,196$754$459$272$158$74
41 years$1,154$717$430$251$143$66
42 years$1,114$683$403$231$130$58
43 years$1,076$651$379$214$118$52
44 years$1,040$620$355$197$107$46
45 years$1,005$592$334$182$97$41
46 years$972$564$313$168$88$36
47 years$941$539$294$155$80$32
48 years$911$514$277$144$73$28
49 years$882$491$260$133$66$25
50 years$854$469$244$123$60$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $875,000, adding $4,188 every year, while hoping to spend $42,477 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: 61/21/18 Blend
61$875,000$875,000$875,000$875,000
62$968,570$922,195$908,632$1,022,936
63$1,022,169$922,187$893,876$1,060,108
64$1,079,811$920,756$877,202$1,095,551
65$1,141,865$917,785$858,501$1,133,247
66$1,208,733$913,155$837,659$1,173,419
67$1,280,859$906,735$814,556$1,216,314
68$1,358,730$898,388$789,067$1,262,207
69$1,442,882$887,971$761,063$1,311,401
70$1,533,903$875,328$730,405$1,364,233
71$1,632,438$860,297$696,951$1,421,075
72$1,739,200$842,704$660,552$1,482,339
73$1,854,970$822,368$621,051$1,548,482
74$1,980,606$799,094$578,286$1,620,007
75$2,117,055$772,676$532,086$1,697,474
76$2,265,357$742,899$482,273$1,781,501
77$2,426,654$709,533$428,660$1,872,772
78$2,602,206$672,333$371,054$1,972,043
79$2,793,398$631,044$309,250$2,080,151
80$3,001,753$585,393$243,038$2,198,021
81$3,228,948$535,094$172,196$2,326,676
82$3,476,828$479,841$96,493$2,467,247
83$3,747,427$419,315$15,687$2,620,985
84$4,042,979$353,176$0$2,789,271
85$4,365,946$281,066$0$2,987,181
86$4,719,040$202,605$0$3,206,951
87$5,105,244$117,395$0$3,447,482
88$5,527,845$25,013$0$3,710,889
89$5,990,459$0$0$3,999,506
90$6,497,071$0$0$4,333,236
91$7,052,068$0$0$4,705,238
92$7,660,283$0$0$5,112,980
93$8,327,036$0$0$5,560,038
94$9,058,188$0$0$6,050,349
95$9,860,194$0$0$6,588,253
96$10,740,163$0$0$7,178,528
97$11,705,928$0$0$7,826,436
98$12,766,115$0$0$8,537,775
99$13,930,225$0$0$9,318,931
100$15,208,726$0$0$10,176,940