Can I retire at age 62 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$136,255$135,042$133,858$132,702$131,573$128,864
2 years$67,453$66,197$64,979$63,799$62,654$59,937
3 years$44,522$43,260$42,046$40,877$39,750$37,110
4 years$33,059$31,801$30,599$29,449$28,350$25,807
5 years$26,183$24,932$23,746$22,620$21,551$19,113
6 years$21,600$20,359$19,190$18,089$17,053$14,721
7 years$18,328$17,098$15,947$14,872$13,869$11,644
8 years$15,875$14,656$13,524$12,476$11,505$9,388
9 years$13,968$12,761$11,649$10,627$9,689$7,677
10 years$12,444$11,248$10,156$9,160$8,256$6,347
11 years$11,197$10,013$8,941$7,972$7,100$5,292
12 years$10,159$8,987$7,935$6,993$6,153$4,443
13 years$9,281$8,122$7,089$6,174$5,365$3,751
14 years$8,530$7,383$6,370$5,480$4,703$3,181
15 years$7,879$6,744$5,751$4,887$4,141$2,708
16 years$7,310$6,188$5,214$4,376$3,660$2,313
17 years$6,809$5,699$4,745$3,932$3,245$1,980
18 years$6,363$5,266$4,331$3,543$2,885$1,699
19 years$5,966$4,880$3,965$3,202$2,572$1,461
20 years$5,608$4,535$3,639$2,900$2,297$1,258
21 years$5,285$4,224$3,347$2,632$2,056$1,085
22 years$4,991$3,943$3,085$2,393$1,843$936
23 years$4,724$3,688$2,848$2,179$1,654$809
24 years$4,479$3,455$2,634$1,988$1,487$700
25 years$4,254$3,243$2,440$1,815$1,338$606
26 years$4,047$3,048$2,263$1,660$1,205$524
27 years$3,855$2,868$2,101$1,519$1,086$454
28 years$3,677$2,703$1,953$1,392$980$394
29 years$3,512$2,550$1,818$1,276$885$342
30 years$3,359$2,408$1,693$1,171$800$296
31 years$3,215$2,276$1,578$1,076$723$257
32 years$3,081$2,154$1,473$989$654$223
33 years$2,955$2,040$1,375$909$592$194
34 years$2,837$1,933$1,285$837$536$168
35 years$2,725$1,834$1,201$770$485$146
36 years$2,621$1,740$1,124$709$440$127
37 years$2,522$1,653$1,052$653$399$110
38 years$2,428$1,571$985$602$361$96
39 years$2,340$1,494$923$555$328$83
40 years$2,256$1,421$865$512$297$72
41 years$2,176$1,353$811$473$270$63
42 years$2,101$1,288$761$436$245$55
43 years$2,029$1,228$714$403$222$48
44 years$1,960$1,170$670$372$202$41
45 years$1,895$1,116$629$343$183$36
46 years$1,833$1,064$591$317$166$31
47 years$1,774$1,016$555$293$151$27
48 years$1,717$970$522$271$137$24
49 years$1,663$926$490$250$124$21
50 years$1,611$885$461$231$113$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $1,650,000, adding $6,899 every year, while hoping to spend $51,375 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: 47/38/15 Blend
61$1,650,000$1,650,000$1,650,000$1,650,000
62$1,825,416$1,737,966$1,712,391$1,903,198
63$1,956,946$1,768,464$1,715,094$1,988,321
64$2,100,170$1,798,734$1,716,165$2,074,858
65$2,256,227$1,828,712$1,715,496$2,167,659
66$2,426,370$1,858,326$1,712,972$2,267,328
67$2,611,977$1,887,502$1,708,475$2,374,529
68$2,814,567$1,916,157$1,701,877$2,489,998
69$3,035,810$1,944,207$1,693,047$2,614,545
70$3,277,546$1,971,556$1,681,848$2,749,064
71$3,541,800$1,998,107$1,668,134$2,894,543
72$3,830,801$2,023,752$1,651,754$3,052,069
73$4,147,004$2,048,376$1,632,549$3,222,845
74$4,493,112$2,071,860$1,610,352$3,408,196
75$4,872,100$2,094,073$1,584,990$3,609,585
76$5,287,248$2,114,875$1,556,281$3,828,627
77$5,742,163$2,134,120$1,524,032$4,067,103
78$6,240,822$2,151,650$1,488,045$4,326,977
79$6,787,602$2,167,297$1,448,111$4,610,419
80$7,387,325$2,180,883$1,404,011$4,919,821
81$8,045,303$2,192,217$1,355,516$5,257,823
82$8,767,385$2,201,097$1,302,387$5,627,337
83$9,560,016$2,207,308$1,244,375$6,031,577
84$10,430,294$2,210,622$1,181,217$6,474,088
85$11,386,037$2,210,796$1,112,641$6,958,780
86$12,435,860$2,207,571$1,038,361$7,489,969
87$13,589,250$2,200,675$958,079$8,072,412
88$14,856,661$2,189,816$871,483$8,711,362
89$16,249,610$2,174,687$778,247$9,412,609
90$17,780,783$2,154,959$678,031$10,182,541
91$19,464,158$2,130,287$570,479$11,028,204
92$21,315,133$2,100,302$455,222$11,957,372
93$23,350,676$2,064,615$331,870$12,978,616
94$25,589,477$2,022,814$200,021$14,101,391
95$28,052,133$1,974,462$59,251$15,336,124
96$30,761,335$1,919,094$0$16,694,316
97$33,742,083$1,856,222$0$18,203,209
98$37,021,925$1,785,327$0$19,873,298
99$40,631,213$1,705,859$0$21,710,590
100$44,603,390$1,617,239$0$23,732,174