Can I retire at age 62 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$118,088$117,036$116,010$115,008$114,030$109,984
2 years$58,459$57,371$56,316$55,292$54,300$50,267
3 years$38,586$37,492$36,440$35,426$34,450$30,557
4 years$28,651$27,561$26,519$25,523$24,570$20,846
5 years$22,692$21,608$20,580$19,604$18,678$15,133
6 years$18,720$17,645$16,631$15,677$14,779$11,416
7 years$15,884$14,818$13,821$12,889$12,019$8,837
8 years$13,758$12,702$11,721$10,812$9,971$6,968
9 years$12,106$11,059$10,095$9,210$8,397$5,568
10 years$10,785$9,748$8,801$7,939$7,155$4,495
11 years$9,704$8,678$7,749$6,909$6,153$3,658
12 years$8,805$7,789$6,877$6,060$5,332$2,995
13 years$8,044$7,039$6,144$5,350$4,650$2,465
14 years$7,393$6,398$5,520$4,749$4,076$2,036
15 years$6,828$5,845$4,984$4,236$3,589$1,688
16 years$6,335$5,363$4,519$3,793$3,172$1,403
17 years$5,901$4,939$4,112$3,408$2,812$1,168
18 years$5,515$4,564$3,754$3,071$2,501$975
19 years$5,170$4,230$3,436$2,775$2,229$814
20 years$4,860$3,930$3,154$2,513$1,991$681
21 years$4,580$3,661$2,901$2,281$1,782$570
22 years$4,326$3,417$2,674$2,074$1,597$478
23 years$4,094$3,196$2,469$1,889$1,434$401
24 years$3,882$2,995$2,283$1,723$1,289$336
25 years$3,687$2,810$2,114$1,573$1,159$282
26 years$3,507$2,641$1,961$1,438$1,044$237
27 years$3,341$2,486$1,821$1,317$942$199
28 years$3,187$2,342$1,693$1,206$850$168
29 years$3,044$2,210$1,575$1,106$767$141
30 years$2,911$2,087$1,467$1,015$693$118
31 years$2,786$1,973$1,368$932$627$100
32 years$2,670$1,867$1,276$857$567$84
33 years$2,561$1,768$1,192$788$513$70
34 years$2,458$1,675$1,114$725$465$59
35 years$2,362$1,589$1,041$667$421$50
36 years$2,271$1,508$974$615$381$42
37 years$2,185$1,432$912$566$346$35
38 years$2,104$1,361$854$522$313$30
39 years$2,028$1,295$800$481$284$25
40 years$1,955$1,232$750$444$258$21
41 years$1,886$1,172$703$410$234$18
42 years$1,821$1,117$659$378$212$15
43 years$1,758$1,064$619$349$192$13
44 years$1,699$1,014$581$322$175$11
45 years$1,643$967$545$298$159$9
46 years$1,589$922$512$275$144$7
47 years$1,537$880$481$254$131$6
48 years$1,488$840$452$235$119$5
49 years$1,441$803$425$217$108$4
50 years$1,396$767$400$200$98$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $1,430,000, adding $3,126 every year, while hoping to spend $48,628 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: 27/44/29 Blend
61$1,430,000$1,430,000$1,430,000$1,430,000
62$1,579,084$1,503,294$1,481,129$1,607,428
63$1,688,411$1,525,216$1,479,007$1,652,672
64$1,807,260$1,546,582$1,475,185$1,696,846
65$1,936,549$1,567,314$1,469,553$1,743,295
66$2,077,292$1,587,327$1,461,998$1,792,247
67$2,230,603$1,606,533$1,452,401$1,843,956
68$2,397,706$1,624,834$1,440,638$1,898,706
69$2,579,950$1,642,129$1,426,577$1,956,812
70$2,778,820$1,658,309$1,410,083$2,018,623
71$2,995,949$1,673,256$1,391,011$2,084,529
72$3,233,137$1,686,847$1,369,211$2,154,964
73$3,492,364$1,698,949$1,344,526$2,230,409
74$3,775,809$1,709,422$1,316,792$2,311,398
75$4,085,874$1,718,115$1,285,836$2,398,524
76$4,425,200$1,724,870$1,251,479$2,492,446
77$4,796,699$1,729,517$1,213,532$2,593,897
78$5,203,574$1,731,875$1,171,797$2,703,687
79$5,649,356$1,731,754$1,126,069$2,822,716
80$6,137,930$1,728,950$1,076,132$2,951,982
81$6,673,577$1,723,247$1,021,761$3,092,593
82$7,261,013$1,714,416$962,721$3,245,775
83$7,905,428$1,702,215$898,764$3,412,887
84$8,612,544$1,686,386$829,635$3,595,435
85$9,388,659$1,666,654$755,063$3,795,087
86$10,240,714$1,642,732$674,769$4,013,690
87$11,176,352$1,614,311$588,459$4,253,289
88$12,203,994$1,581,067$495,827$4,516,148
89$13,332,917$1,542,654$396,553$4,804,772
90$14,573,340$1,498,710$290,303$5,121,935
91$15,936,520$1,448,846$176,728$5,470,702
92$17,434,861$1,392,656$55,464$5,854,467
93$19,082,027$1,329,706$0$6,276,982
94$20,893,071$1,259,538$0$6,765,278
95$22,884,579$1,181,670$0$7,320,863
96$25,074,823$1,095,590$0$7,931,758
97$27,483,937$1,000,756$0$8,603,702
98$30,134,103$896,597$0$9,343,029
99$33,049,759$782,508$0$10,156,732
100$36,257,835$657,851$0$11,052,527