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%19%
1 years$72,257$71,613$70,985$70,372$69,774$67,245
2 years$35,771$35,104$34,459$33,833$33,226$30,705
3 years$23,610$22,941$22,297$21,677$21,080$18,647
4 years$17,531$16,864$16,227$15,617$15,034$12,709
5 years$13,885$13,222$12,593$11,995$11,429$9,216
6 years$11,455$10,797$10,177$9,593$9,043$6,945
7 years$9,719$9,067$8,457$7,887$7,355$5,370
8 years$8,419$7,772$7,172$6,616$6,101$4,229
9 years$7,407$6,767$6,177$5,635$5,138$3,375
10 years$6,599$5,965$5,385$4,858$4,378$2,721
11 years$5,938$5,310$4,741$4,228$3,765$2,212
12 years$5,387$4,766$4,208$3,708$3,263$1,809
13 years$4,922$4,307$3,759$3,274$2,845$1,486
14 years$4,523$3,915$3,378$2,906$2,494$1,226
15 years$4,178$3,576$3,050$2,592$2,196$1,015
16 years$3,877$3,281$2,765$2,321$1,941$842
17 years$3,611$3,022$2,516$2,085$1,721$700
18 years$3,375$2,792$2,297$1,879$1,530$583
19 years$3,164$2,588$2,103$1,698$1,364$487
20 years$2,974$2,405$1,930$1,538$1,218$407
21 years$2,802$2,240$1,775$1,396$1,090$340
22 years$2,647$2,091$1,636$1,269$977$284
23 years$2,505$1,956$1,510$1,156$877$238
24 years$2,375$1,832$1,397$1,054$788$200
25 years$2,256$1,720$1,294$963$709$167
26 years$2,146$1,616$1,200$880$639$140
27 years$2,044$1,521$1,114$806$576$118
28 years$1,950$1,433$1,036$738$520$99
29 years$1,863$1,352$964$677$469$83
30 years$1,781$1,277$898$621$424$70
31 years$1,705$1,207$837$571$383$58
32 years$1,634$1,142$781$524$347$49
33 years$1,567$1,082$729$482$314$41
34 years$1,504$1,025$681$444$284$35
35 years$1,445$972$637$408$257$29
36 years$1,390$923$596$376$233$24
37 years$1,337$877$558$347$211$21
38 years$1,288$833$522$319$192$17
39 years$1,241$792$489$295$174$14
40 years$1,196$754$459$272$158$12
41 years$1,154$717$430$251$143$10
42 years$1,114$683$403$231$130$9
43 years$1,076$651$379$214$118$7
44 years$1,040$620$355$197$107$6
45 years$1,005$592$334$182$97$5
46 years$972$564$313$168$88$4
47 years$941$539$294$155$80$4
48 years$911$514$277$144$73$3
49 years$882$491$260$133$66$3
50 years$854$469$244$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $875,000, adding $3,707 every year, while hoping to spend $39,233 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: 36/44/20 Blend
61$875,000$875,000$875,000$875,000
62$968,074$921,699$908,136$996,937
63$1,025,074$925,118$896,815$1,021,749
64$1,086,573$927,391$883,800$1,044,591
65$1,152,988$928,418$868,992$1,068,441
66$1,224,779$928,096$852,290$1,093,412
67$1,302,449$926,316$833,584$1,119,631
68$1,386,554$922,960$812,764$1,147,241
69$1,477,701$917,904$789,710$1,176,402
70$1,576,561$911,016$764,300$1,207,293
71$1,683,872$902,157$736,406$1,240,117
72$1,800,443$891,179$705,891$1,275,098
73$1,927,166$877,924$672,616$1,312,489
74$2,065,021$862,227$636,434$1,352,571
75$2,215,089$843,911$597,189$1,395,660
76$2,378,555$822,790$554,723$1,442,108
77$2,556,727$798,667$508,865$1,492,307
78$2,751,043$771,331$459,442$1,546,695
79$2,963,085$740,562$406,269$1,605,760
80$3,194,595$706,125$349,155$1,670,045
81$3,447,492$667,774$287,900$1,740,156
82$3,723,887$625,245$222,295$1,816,766
83$4,026,103$578,262$152,121$1,900,625
84$4,356,700$526,531$77,152$1,992,566
85$4,718,496$469,744$0$2,093,514
86$5,114,594$407,573$0$2,205,108
87$5,548,411$339,672$0$2,345,491
88$6,023,708$265,675$0$2,499,505
89$6,544,631$185,198$0$2,668,616
90$7,115,743$97,832$0$2,854,446
91$7,742,071$3,148$0$3,058,789
92$8,429,150$0$0$3,283,633
93$9,183,079$0$0$3,579,258
94$10,010,575$0$0$3,905,530
95$10,919,036$0$0$4,263,860
96$11,916,613$0$0$4,657,479
97$13,012,284$0$0$5,089,946
98$14,215,938$0$0$5,565,183
99$15,538,472$0$0$6,087,509
100$16,991,888$0$0$6,661,686