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%13.3%
1 years$72,257$71,613$70,985$70,372$69,774$68,816
2 years$35,771$35,104$34,459$33,833$33,226$32,263
3 years$23,610$22,941$22,297$21,677$21,080$20,141
4 years$17,531$16,864$16,227$15,617$15,034$14,127
5 years$13,885$13,222$12,593$11,995$11,429$10,556
6 years$11,455$10,797$10,177$9,593$9,043$8,206
7 years$9,719$9,067$8,457$7,887$7,355$6,553
8 years$8,419$7,772$7,172$6,616$6,101$5,335
9 years$7,407$6,767$6,177$5,635$5,138$4,408
10 years$6,599$5,965$5,385$4,858$4,378$3,682
11 years$5,938$5,310$4,741$4,228$3,765$3,103
12 years$5,387$4,766$4,208$3,708$3,263$2,634
13 years$4,922$4,307$3,759$3,274$2,845$2,249
14 years$4,523$3,915$3,378$2,906$2,494$1,929
15 years$4,178$3,576$3,050$2,592$2,196$1,662
16 years$3,877$3,281$2,765$2,321$1,941$1,436
17 years$3,611$3,022$2,516$2,085$1,721$1,245
18 years$3,375$2,792$2,297$1,879$1,530$1,081
19 years$3,164$2,588$2,103$1,698$1,364$941
20 years$2,974$2,405$1,930$1,538$1,218$821
21 years$2,802$2,240$1,775$1,396$1,090$717
22 years$2,647$2,091$1,636$1,269$977$627
23 years$2,505$1,956$1,510$1,156$877$549
24 years$2,375$1,832$1,397$1,054$788$481
25 years$2,256$1,720$1,294$963$709$422
26 years$2,146$1,616$1,200$880$639$371
27 years$2,044$1,521$1,114$806$576$325
28 years$1,950$1,433$1,036$738$520$286
29 years$1,863$1,352$964$677$469$252
30 years$1,781$1,277$898$621$424$221
31 years$1,705$1,207$837$571$383$195
32 years$1,634$1,142$781$524$347$171
33 years$1,567$1,082$729$482$314$151
34 years$1,504$1,025$681$444$284$133
35 years$1,445$972$637$408$257$117
36 years$1,390$923$596$376$233$103
37 years$1,337$877$558$347$211$91
38 years$1,288$833$522$319$192$80
39 years$1,241$792$489$295$174$71
40 years$1,196$754$459$272$158$62
41 years$1,154$717$430$251$143$55
42 years$1,114$683$403$231$130$49
43 years$1,076$651$379$214$118$43
44 years$1,040$620$355$197$107$38
45 years$1,005$592$334$182$97$33
46 years$972$564$313$168$88$29
47 years$941$539$294$155$80$26
48 years$911$514$277$144$73$23
49 years$882$491$260$133$66$20
50 years$854$469$244$123$60$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $875,000, adding $5,369 every year, while hoping to spend $42,936 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: 63/16/21 Blend
61$875,000$875,000$875,000$875,000
62$969,788$923,413$909,851$1,025,302
63$1,023,023$922,977$894,647$1,062,941
64$1,080,249$921,080$877,495$1,098,744
65$1,141,827$917,606$858,284$1,136,860
66$1,208,155$912,431$836,899$1,177,520
67$1,279,670$905,422$813,217$1,220,979
68$1,356,850$896,441$787,114$1,267,518
69$1,440,221$885,340$758,455$1,317,449
70$1,530,364$871,961$727,103$1,371,119
71$1,627,912$856,139$692,913$1,428,908
72$1,733,567$837,698$655,733$1,491,241
73$1,848,096$816,450$615,405$1,558,586
74$1,972,344$792,199$571,764$1,631,460
75$2,107,242$764,735$524,637$1,710,437
76$2,253,812$733,838$473,843$1,796,150
77$2,413,178$699,274$419,194$1,889,299
78$2,586,578$660,794$360,492$1,990,661
79$2,775,373$618,137$297,533$2,101,092
80$2,981,062$571,026$230,101$2,221,538
81$3,205,293$519,169$157,972$2,353,047
82$3,449,880$462,256$80,912$2,496,777
83$3,716,822$399,961$0$2,654,005
84$4,008,316$331,936$0$2,826,442
85$4,326,782$257,819$0$3,034,720
86$4,674,884$177,223$0$3,262,474
87$5,055,556$89,741$0$3,511,671
88$5,472,028$0$0$3,784,482
89$5,927,854$0$0$4,084,189
90$6,426,953$0$0$4,429,707
91$6,973,634$0$0$4,808,230
92$7,572,648$0$0$5,223,053
93$8,229,224$0$0$5,677,806
94$8,949,122$0$0$6,176,487
95$9,738,685$0$0$6,723,498
96$10,604,902$0$0$7,323,691
97$11,555,469$0$0$7,982,407
98$12,598,862$0$0$8,705,530
99$13,744,421$0$0$9,499,543
100$15,002,432$0$0$10,371,586