Can I retire at age 62 with 933,000?

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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$77,046$76,360$75,690$75,037$74,399$73,408
2 years$38,142$37,431$36,743$36,075$35,428$34,432
3 years$25,175$24,462$23,775$23,114$22,477$21,506
4 years$18,693$17,982$17,302$16,652$16,031$15,092
5 years$14,805$14,098$13,427$12,791$12,186$11,283
6 years$12,214$11,512$10,851$10,229$9,643$8,776
7 years$10,364$9,668$9,017$8,410$7,842$7,012
8 years$8,977$8,287$7,647$7,055$6,506$5,712
9 years$7,898$7,215$6,587$6,009$5,479$4,722
10 years$7,036$6,360$5,742$5,180$4,668$3,947
11 years$6,332$5,662$5,056$4,508$4,015$3,328
12 years$5,745$5,082$4,487$3,954$3,479$2,827
13 years$5,248$4,593$4,009$3,491$3,034$2,415
14 years$4,823$4,175$3,602$3,099$2,659$2,073
15 years$4,455$3,814$3,252$2,764$2,342$1,787
16 years$4,134$3,499$2,948$2,474$2,070$1,545
17 years$3,850$3,222$2,683$2,223$1,835$1,340
18 years$3,598$2,978$2,449$2,004$1,632$1,165
19 years$3,373$2,760$2,242$1,810$1,454$1,015
20 years$3,171$2,564$2,058$1,640$1,299$886
21 years$2,988$2,389$1,893$1,488$1,162$774
22 years$2,822$2,230$1,744$1,353$1,042$678
23 years$2,671$2,085$1,611$1,232$935$594
24 years$2,533$1,954$1,490$1,124$841$521
25 years$2,405$1,834$1,380$1,026$756$457
26 years$2,288$1,723$1,279$938$681$402
27 years$2,180$1,622$1,188$859$614$353
28 years$2,079$1,528$1,105$787$554$311
29 years$1,986$1,442$1,028$722$501$273
30 years$1,899$1,362$957$662$452$241
31 years$1,818$1,287$893$608$409$212
32 years$1,742$1,218$833$559$370$187
33 years$1,671$1,153$778$514$335$165
34 years$1,604$1,093$727$473$303$145
35 years$1,541$1,037$679$435$275$128
36 years$1,482$984$635$401$249$113
37 years$1,426$935$595$370$225$100
38 years$1,373$888$557$341$204$88
39 years$1,323$845$522$314$185$78
40 years$1,276$804$489$290$168$68
41 years$1,231$765$459$267$153$60
42 years$1,188$728$430$247$138$53
43 years$1,147$694$404$228$126$47
44 years$1,109$662$379$210$114$42
45 years$1,072$631$356$194$103$37
46 years$1,037$602$334$179$94$32
47 years$1,003$574$314$166$85$29
48 years$971$548$295$153$77$25
49 years$940$524$277$141$70$22
50 years$911$500$261$131$64$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $933,000, adding $4,040 every year, while hoping to spend $51,557 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$933,000$933,000$933,000$933,000
62$1,032,333$982,884$968,423$1,063,110
63$1,082,775$976,189$946,009$1,079,233
64$1,136,634$967,438$921,116$1,091,528
65$1,194,204$956,476$893,606$1,103,737
66$1,255,807$943,138$863,337$1,115,883
67$1,321,798$927,251$830,157$1,127,994
68$1,392,564$908,628$793,910$1,140,108
69$1,468,530$887,075$754,430$1,152,268
70$1,550,163$862,385$711,546$1,164,528
71$1,637,975$834,338$665,079$1,176,955
72$1,732,530$802,702$614,841$1,189,624
73$1,834,445$767,231$560,635$1,202,628
74$1,944,400$727,666$502,257$1,216,074
75$2,063,139$683,732$439,493$1,230,087
76$2,191,482$635,138$372,119$1,244,811
77$2,330,330$581,577$299,903$1,260,414
78$2,480,674$522,724$222,599$1,277,089
79$2,643,600$458,236$139,954$1,295,056
80$2,820,308$387,749$51,702$1,314,568
81$3,012,111$310,881$0$1,335,914
82$3,220,459$227,227$0$1,368,485
83$3,446,943$136,359$0$1,415,953
84$3,693,316$37,825$0$1,467,760
85$3,961,505$0$0$1,524,448
86$4,253,629$0$0$1,619,964
87$4,572,025$0$0$1,744,150
88$4,919,259$0$0$1,879,710
89$5,298,159$0$0$2,027,764
90$5,711,836$0$0$2,189,543
91$6,163,717$0$0$2,366,405
92$6,657,571$0$0$2,559,843
93$7,197,551$0$0$2,771,501
94$7,788,228$0$0$3,003,191
95$8,434,634$0$0$3,256,907
96$9,142,312$0$0$3,534,844
97$9,917,364$0$0$3,839,422
98$10,766,512$0$0$4,173,304
99$11,697,156$0$0$4,539,422
100$12,717,448$0$0$4,941,009