Can I retire at age 62 with 1,750,000?

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 $1,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$144,513$143,226$141,970$140,744$139,547$137,236
2 years$71,541$70,209$68,918$67,666$66,451$64,129
3 years$47,220$45,882$44,594$43,354$42,159$39,899
4 years$35,062$33,728$32,453$31,234$30,068$27,887
5 years$27,769$26,443$25,185$23,991$22,858$20,761
6 years$22,909$21,593$20,353$19,186$18,086$16,078
7 years$19,439$18,134$16,914$15,774$14,709$12,789
8 years$16,837$15,544$14,344$13,232$12,203$10,371
9 years$14,815$13,534$12,355$11,271$10,276$8,532
10 years$13,198$11,929$10,771$9,716$8,756$7,097
11 years$11,876$10,620$9,483$8,455$7,530$5,955
12 years$10,775$9,532$8,416$7,417$6,526$5,032
13 years$9,844$8,614$7,519$6,548$5,691$4,277
14 years$9,047$7,830$6,756$5,812$4,988$3,652
15 years$8,357$7,153$6,099$5,184$4,392$3,130
16 years$7,753$6,563$5,530$4,641$3,882$2,692
17 years$7,221$6,044$5,032$4,170$3,442$2,321
18 years$6,749$5,585$4,594$3,758$3,060$2,007
19 years$6,327$5,176$4,205$3,396$2,728$1,738
20 years$5,948$4,810$3,859$3,076$2,436$1,508
21 years$5,605$4,480$3,550$2,791$2,180$1,310
22 years$5,294$4,182$3,272$2,538$1,954$1,139
23 years$5,010$3,911$3,021$2,311$1,754$992
24 years$4,750$3,665$2,794$2,108$1,577$865
25 years$4,512$3,439$2,588$1,925$1,419$755
26 years$4,292$3,232$2,400$1,760$1,278$659
27 years$4,089$3,042$2,229$1,611$1,152$575
28 years$3,900$2,866$2,072$1,476$1,040$503
29 years$3,725$2,704$1,928$1,354$939$440
30 years$3,562$2,554$1,796$1,242$848$385
31 years$3,410$2,414$1,674$1,141$767$337
32 years$3,268$2,284$1,562$1,049$694$295
33 years$3,134$2,163$1,458$964$628$258
34 years$3,009$2,050$1,363$887$568$226
35 years$2,891$1,945$1,274$817$515$198
36 years$2,779$1,846$1,192$752$467$173
37 years$2,674$1,753$1,116$693$423$152
38 years$2,575$1,666$1,045$639$383$133
39 years$2,481$1,584$979$589$348$117
40 years$2,393$1,507$917$543$315$102
41 years$2,308$1,435$860$501$286$90
42 years$2,228$1,366$807$463$260$79
43 years$2,152$1,302$757$427$236$69
44 years$2,079$1,241$711$394$214$60
45 years$2,010$1,183$667$364$194$53
46 years$1,944$1,129$627$336$176$46
47 years$1,881$1,077$589$311$160$41
48 years$1,821$1,028$553$287$145$36
49 years$1,764$982$520$265$132$31
50 years$1,709$938$489$245$120$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $1,750,000, adding $6,043 every year, while hoping to spend $45,405 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: 54/38/8 Blend
61$1,750,000$1,750,000$1,750,000$1,750,000
62$1,934,733$1,841,983$1,814,858$2,035,149
63$2,083,766$1,883,930$1,827,346$2,145,754
64$2,246,477$1,926,410$1,838,729$2,260,572
65$2,424,216$1,969,402$1,848,925$2,384,441
66$2,618,465$2,012,882$1,857,842$2,518,227
67$2,830,857$2,056,821$1,865,389$2,662,884
68$3,063,190$2,101,192$1,871,465$2,819,462
69$3,317,444$2,145,959$1,875,968$2,989,116
70$3,595,799$2,191,086$1,878,789$3,173,122
71$3,900,656$2,236,535$1,879,813$3,372,882
72$4,234,657$2,282,260$1,878,921$3,589,941
73$4,600,715$2,328,213$1,875,988$3,826,004
74$5,002,036$2,374,343$1,870,881$4,082,947
75$5,442,151$2,420,593$1,863,463$4,362,837
76$5,924,949$2,466,902$1,853,589$4,667,952
77$6,454,716$2,513,202$1,841,106$5,000,804
78$7,036,170$2,559,422$1,825,855$5,364,158
79$7,674,509$2,605,483$1,807,671$5,761,063
80$8,375,459$2,651,301$1,786,378$6,194,879
81$9,145,327$2,696,787$1,761,793$6,669,308
82$9,991,062$2,741,841$1,733,726$7,188,430
83$10,920,320$2,786,360$1,701,974$7,756,743
84$11,941,531$2,830,231$1,666,330$8,379,203
85$13,063,988$2,873,333$1,626,572$9,061,271
86$14,297,924$2,915,536$1,582,472$9,808,969
87$15,654,617$2,956,701$1,533,789$10,628,931
88$17,146,488$2,996,680$1,480,271$11,528,470
89$18,787,226$3,035,314$1,421,657$12,515,647
90$20,591,911$3,072,432$1,357,670$13,599,345
91$22,577,158$3,107,853$1,288,024$14,789,355
92$24,761,274$3,141,384$1,212,418$16,096,471
93$27,164,429$3,172,816$1,130,539$17,532,586
94$29,808,847$3,201,931$1,042,058$19,110,810
95$32,719,015$3,228,491$946,633$20,845,595
96$35,921,915$3,252,248$843,906$22,752,867
97$39,447,276$3,272,934$733,503$24,850,180
98$43,327,856$3,290,265$615,032$27,156,882
99$47,599,749$3,303,939$488,088$29,694,300
100$52,302,727$3,313,636$352,242$32,485,937