Can I retire at age 62 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$104,875$103,941$103,030$102,140$101,272$97,407
2 years$51,919$50,952$50,014$49,106$48,225$44,377
3 years$34,269$33,297$32,363$31,463$30,596$26,886
4 years$25,445$24,477$23,552$22,667$21,821$18,277
5 years$20,153$19,190$18,277$17,410$16,588$13,219
6 years$16,625$15,670$14,771$13,923$13,126$9,934
7 years$14,107$13,160$12,274$11,447$10,675$7,659
8 years$12,219$11,281$10,410$9,603$8,856$6,014
9 years$10,751$9,822$8,966$8,179$7,458$4,785
10 years$9,578$8,657$7,817$7,051$6,354$3,846
11 years$8,618$7,707$6,882$6,136$5,465$3,116
12 years$7,819$6,918$6,107$5,382$4,736$2,539
13 years$7,144$6,251$5,456$4,752$4,130$2,080
14 years$6,565$5,682$4,903$4,218$3,620$1,710
15 years$6,064$5,191$4,426$3,762$3,187$1,410
16 years$5,627$4,763$4,013$3,368$2,817$1,166
17 years$5,241$4,386$3,652$3,026$2,498$966
18 years$4,898$4,053$3,334$2,727$2,221$802
19 years$4,592$3,756$3,052$2,464$1,980$666
20 years$4,316$3,491$2,801$2,232$1,768$554
21 years$4,068$3,251$2,576$2,026$1,582$462
22 years$3,842$3,035$2,374$1,842$1,418$385
23 years$3,636$2,839$2,192$1,677$1,273$321
24 years$3,447$2,660$2,028$1,530$1,144$268
25 years$3,274$2,496$1,878$1,397$1,030$224
26 years$3,115$2,346$1,742$1,277$928$187
27 years$2,967$2,208$1,617$1,169$836$156
28 years$2,831$2,080$1,503$1,071$755$130
29 years$2,704$1,962$1,399$982$681$109
30 years$2,585$1,853$1,303$902$616$91
31 years$2,475$1,752$1,215$828$557$76
32 years$2,371$1,658$1,134$761$503$64
33 years$2,274$1,570$1,058$700$456$53
34 years$2,183$1,488$989$644$413$45
35 years$2,098$1,411$925$593$374$37
36 years$2,017$1,339$865$546$339$31
37 years$1,941$1,272$810$503$307$26
38 years$1,869$1,209$758$464$278$22
39 years$1,801$1,150$710$427$252$18
40 years$1,736$1,094$666$394$229$15
41 years$1,675$1,041$624$364$208$13
42 years$1,617$992$586$336$188$11
43 years$1,562$945$549$310$171$9
44 years$1,509$901$516$286$155$7
45 years$1,459$859$484$264$141$6
46 years$1,411$819$455$244$128$5
47 years$1,365$782$427$226$116$4
48 years$1,322$746$402$208$105$4
49 years$1,280$713$377$193$96$3
50 years$1,240$681$355$178$87$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $1,270,000, adding $5,605 every year, while hoping to spend $24,282 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: 58/32/10 Blend
61$1,270,000$1,270,000$1,270,000$1,270,000
62$1,405,322$1,338,012$1,318,327$1,483,166
63$1,522,828$1,377,738$1,336,655$1,575,974
64$1,651,507$1,418,598$1,354,783$1,673,873
65$1,792,472$1,460,620$1,372,679$1,779,993
66$1,946,949$1,503,835$1,390,309$1,895,125
67$2,116,290$1,548,275$1,407,636$2,020,139
68$2,301,981$1,593,971$1,424,622$2,155,992
69$2,505,664$1,640,955$1,441,227$2,303,740
70$2,729,141$1,689,262$1,457,408$2,464,542
71$2,974,402$1,738,925$1,473,120$2,639,677
72$3,243,637$1,789,978$1,488,315$2,830,551
73$3,539,258$1,842,456$1,502,943$3,038,711
74$3,863,922$1,896,397$1,516,952$3,265,865
75$4,220,557$1,951,835$1,530,285$3,513,889
76$4,612,389$2,008,810$1,542,884$3,784,852
77$5,042,969$2,067,358$1,554,687$4,081,030
78$5,516,212$2,127,519$1,565,630$4,404,932
79$6,036,430$2,189,332$1,575,643$4,759,320
80$6,608,374$2,252,837$1,584,654$5,147,237
81$7,237,277$2,318,074$1,592,589$5,572,033
82$7,928,905$2,385,087$1,599,367$6,037,401
83$8,689,613$2,453,915$1,604,906$6,547,407
84$9,526,400$2,524,604$1,609,116$7,106,530
85$10,446,978$2,597,194$1,611,907$7,719,704
86$11,459,845$2,671,732$1,613,181$8,392,366
87$12,574,364$2,748,261$1,612,837$9,130,506
88$13,800,850$2,826,827$1,610,768$9,940,720
89$15,150,671$2,907,476$1,606,863$10,830,278
90$16,636,350$2,990,253$1,601,004$11,807,189
91$18,271,689$3,075,207$1,593,069$12,880,276
92$20,071,893$3,162,384$1,582,928$14,059,262
93$22,053,717$3,251,832$1,570,447$15,354,857
94$24,235,624$3,343,599$1,555,485$16,778,864
95$26,637,957$3,437,735$1,537,893$18,344,287
96$29,283,132$3,534,287$1,517,516$20,065,453
97$32,195,850$3,633,306$1,494,191$21,958,151
98$35,403,330$3,734,841$1,467,749$24,039,777
99$38,935,563$3,838,941$1,438,012$26,329,498
100$42,825,597$3,945,656$1,404,793$28,848,436