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%13.5%
1 years$144,513$143,226$141,970$140,744$139,547$137,519
2 years$71,541$70,209$68,918$67,666$66,451$64,412
3 years$47,220$45,882$44,594$43,354$42,159$40,172
4 years$35,062$33,728$32,453$31,234$30,068$28,149
5 years$27,769$26,443$25,185$23,991$22,858$21,012
6 years$22,909$21,593$20,353$19,186$18,086$16,316
7 years$19,439$18,134$16,914$15,774$14,709$13,015
8 years$16,837$15,544$14,344$13,232$12,203$10,584
9 years$14,815$13,534$12,355$11,271$10,276$8,733
10 years$13,198$11,929$10,771$9,716$8,756$7,287
11 years$11,876$10,620$9,483$8,455$7,530$6,134
12 years$10,775$9,532$8,416$7,417$6,526$5,200
13 years$9,844$8,614$7,519$6,548$5,691$4,434
14 years$9,047$7,830$6,756$5,812$4,988$3,798
15 years$8,357$7,153$6,099$5,184$4,392$3,267
16 years$7,753$6,563$5,530$4,641$3,882$2,819
17 years$7,221$6,044$5,032$4,170$3,442$2,440
18 years$6,749$5,585$4,594$3,758$3,060$2,117
19 years$6,327$5,176$4,205$3,396$2,728$1,840
20 years$5,948$4,810$3,859$3,076$2,436$1,602
21 years$5,605$4,480$3,550$2,791$2,180$1,397
22 years$5,294$4,182$3,272$2,538$1,954$1,220
23 years$5,010$3,911$3,021$2,311$1,754$1,067
24 years$4,750$3,665$2,794$2,108$1,577$933
25 years$4,512$3,439$2,588$1,925$1,419$818
26 years$4,292$3,232$2,400$1,760$1,278$717
27 years$4,089$3,042$2,229$1,611$1,152$628
28 years$3,900$2,866$2,072$1,476$1,040$551
29 years$3,725$2,704$1,928$1,354$939$484
30 years$3,562$2,554$1,796$1,242$848$425
31 years$3,410$2,414$1,674$1,141$767$374
32 years$3,268$2,284$1,562$1,049$694$328
33 years$3,134$2,163$1,458$964$628$289
34 years$3,009$2,050$1,363$887$568$254
35 years$2,891$1,945$1,274$817$515$223
36 years$2,779$1,846$1,192$752$467$197
37 years$2,674$1,753$1,116$693$423$173
38 years$2,575$1,666$1,045$639$383$152
39 years$2,481$1,584$979$589$348$134
40 years$2,393$1,507$917$543$315$118
41 years$2,308$1,435$860$501$286$104
42 years$2,228$1,366$807$463$260$91
43 years$2,152$1,302$757$427$236$80
44 years$2,079$1,241$711$394$214$71
45 years$2,010$1,183$667$364$194$62
46 years$1,944$1,129$627$336$176$55
47 years$1,881$1,077$589$311$160$48
48 years$1,821$1,028$553$287$145$43
49 years$1,764$982$520$265$132$38
50 years$1,709$938$489$245$120$33

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 $5,918 every year, while hoping to spend $50,321 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: 45/37/18 Blend
61$1,750,000$1,750,000$1,750,000$1,750,000
62$1,934,604$1,841,854$1,814,729$2,011,416
63$2,078,393$1,878,564$1,821,982$2,102,496
64$2,235,161$1,915,386$1,827,790$2,195,728
65$2,406,180$1,952,273$1,832,054$2,295,769
66$2,592,849$1,989,172$1,834,666$2,403,271
67$2,796,707$2,026,029$1,835,514$2,518,957
68$3,019,449$2,062,782$1,834,482$2,643,621
69$3,262,941$2,099,367$1,831,446$2,778,142
70$3,529,238$2,135,713$1,826,276$2,923,486
71$3,820,601$2,171,744$1,818,838$3,080,721
72$4,139,523$2,207,379$1,808,989$3,251,024
73$4,488,744$2,242,531$1,796,580$3,435,695
74$4,871,287$2,277,106$1,781,456$3,636,165
75$5,290,476$2,311,002$1,763,453$3,854,014
76$5,749,976$2,344,113$1,742,400$4,090,986
77$6,253,821$2,376,322$1,718,118$4,349,004
78$6,806,455$2,407,505$1,690,419$4,630,188
79$7,412,771$2,437,531$1,659,106$4,936,877
80$8,078,162$2,466,258$1,623,974$5,271,653
81$8,808,565$2,493,536$1,584,808$5,637,361
82$9,610,522$2,519,202$1,541,382$6,037,141
83$10,491,238$2,543,086$1,493,461$6,474,456
84$11,458,651$2,565,004$1,440,799$6,953,127
85$12,521,506$2,584,761$1,383,138$7,477,364
86$13,689,434$2,602,149$1,320,208$8,051,816
87$14,973,050$2,616,948$1,251,728$8,681,607
88$16,384,044$2,628,922$1,177,404$9,372,389
89$17,935,298$2,637,820$1,096,928$10,130,394
90$19,641,002$2,643,377$1,009,979$10,962,499
91$21,516,791$2,645,309$916,221$11,876,284
92$23,579,892$2,643,318$815,302$12,880,111
93$25,849,283$2,637,082$706,857$13,983,198
94$28,345,876$2,626,265$590,503$15,195,714
95$31,092,710$2,610,507$465,839$16,528,871
96$34,115,171$2,589,427$332,449$17,995,032
97$37,441,230$2,562,620$189,898$19,607,830
98$41,101,706$2,529,659$37,730$21,382,298
99$45,130,557$2,490,088$0$23,335,011
100$49,565,199$2,443,428$0$25,508,189