Can I retire at age 62 with 926,000?

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 $926,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$76,468$75,787$75,123$74,474$73,841$71,968
2 years$37,856$37,151$36,467$35,805$35,162$33,288
3 years$24,986$24,278$23,597$22,940$22,308$20,491
4 years$18,553$17,847$17,172$16,527$15,910$14,163
5 years$14,694$13,992$13,326$12,695$12,095$10,423
6 years$12,122$11,426$10,770$10,152$9,570$7,976
7 years$10,286$9,595$8,950$8,346$7,783$6,266
8 years$8,909$8,225$7,590$7,002$6,457$5,017
9 years$7,839$7,161$6,537$5,964$5,438$4,073
10 years$6,984$6,312$5,699$5,141$4,633$3,342
11 years$6,284$5,620$5,018$4,474$3,985$2,766
12 years$5,701$5,044$4,453$3,924$3,453$2,304
13 years$5,209$4,558$3,978$3,465$3,011$1,930
14 years$4,787$4,143$3,575$3,076$2,640$1,623
15 years$4,422$3,785$3,227$2,743$2,324$1,370
16 years$4,103$3,473$2,926$2,456$2,054$1,160
17 years$3,821$3,198$2,663$2,207$1,821$985
18 years$3,571$2,955$2,431$1,989$1,619$838
19 years$3,348$2,739$2,225$1,797$1,443$714
20 years$3,147$2,545$2,042$1,627$1,289$609
21 years$2,966$2,371$1,878$1,477$1,154$520
22 years$2,801$2,213$1,731$1,343$1,034$445
23 years$2,651$2,070$1,598$1,223$928$381
24 years$2,514$1,939$1,478$1,115$834$326
25 years$2,387$1,820$1,369$1,019$751$280
26 years$2,271$1,710$1,270$931$676$240
27 years$2,164$1,610$1,179$853$610$206
28 years$2,064$1,517$1,096$781$550$177
29 years$1,971$1,431$1,020$716$497$152
30 years$1,885$1,351$950$657$449$130
31 years$1,804$1,277$886$604$406$112
32 years$1,729$1,209$827$555$367$96
33 years$1,658$1,145$772$510$332$83
34 years$1,592$1,085$721$469$301$71
35 years$1,530$1,029$674$432$272$61
36 years$1,471$977$631$398$247$53
37 years$1,415$928$590$367$224$45
38 years$1,363$882$553$338$203$39
39 years$1,313$838$518$312$184$33
40 years$1,266$798$485$287$167$29
41 years$1,221$759$455$265$151$25
42 years$1,179$723$427$245$137$21
43 years$1,139$689$401$226$125$18
44 years$1,100$657$376$209$113$16
45 years$1,064$626$353$193$103$14
46 years$1,029$597$332$178$93$12
47 years$995$570$312$164$85$10
48 years$964$544$293$152$77$9
49 years$933$520$275$140$70$7
50 years$904$496$259$130$63$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $926,000, adding $2,452 every year, while hoping to spend $28,156 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: 45/47/8 Blend
61$926,000$926,000$926,000$926,000
62$1,022,981$973,903$959,550$1,066,614
63$1,097,368$991,667$961,737$1,114,768
64$1,178,398$1,009,357$963,054$1,163,849
65$1,266,719$1,026,941$963,442$1,216,419
66$1,363,046$1,044,382$962,838$1,272,808
67$1,468,162$1,061,642$961,179$1,333,382
68$1,582,932$1,078,680$958,395$1,398,542
69$1,708,306$1,095,450$954,417$1,468,734
70$1,845,331$1,111,906$949,168$1,544,445
71$1,995,161$1,127,995$942,571$1,626,217
72$2,159,064$1,143,663$934,544$1,714,644
73$2,338,438$1,158,852$925,000$1,810,384
74$2,534,821$1,173,498$913,850$1,914,162
75$2,749,908$1,187,534$900,999$2,026,776
76$2,985,564$1,200,889$886,348$2,149,109
77$3,243,845$1,213,486$869,794$2,282,134
78$3,527,014$1,225,244$851,229$2,426,924
79$3,837,563$1,236,075$830,539$2,584,662
80$4,178,239$1,245,887$807,607$2,756,656
81$4,552,065$1,254,580$782,307$2,944,345
82$4,962,371$1,262,051$754,510$3,149,319
83$5,412,828$1,268,187$724,081$3,373,332
84$5,907,477$1,272,868$690,878$3,618,317
85$6,450,770$1,275,969$654,753$3,886,407
86$7,047,612$1,277,355$615,551$4,179,957
87$7,703,406$1,276,883$573,109$4,501,561
88$8,424,104$1,274,401$527,259$4,854,083
89$9,216,265$1,269,749$477,825$5,240,681
90$10,087,112$1,262,755$424,620$5,664,839
91$11,044,606$1,253,238$367,453$6,130,397
92$12,097,515$1,241,006$306,122$6,641,595
93$13,255,502$1,225,855$240,417$7,203,104
94$14,529,210$1,207,569$170,118$7,820,079
95$15,930,368$1,185,919$94,996$8,498,205
96$17,471,899$1,160,662$14,811$9,243,750
97$19,168,040$1,131,541$0$10,063,628
98$21,034,478$1,098,285$0$10,971,503
99$23,088,499$1,060,605$0$11,971,484
100$25,349,147$1,018,196$0$13,071,599