Can I retire at age 62 with 1,800,000?

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 $1,800,000?

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$148,642$147,318$146,027$144,766$143,535$141,157
2 years$73,585$72,215$70,887$69,599$68,350$65,961
3 years$48,570$47,193$45,868$44,593$43,364$41,039
4 years$36,064$34,692$33,380$32,127$30,928$28,684
5 years$28,563$27,199$25,905$24,676$23,511$21,355
6 years$23,564$22,210$20,935$19,734$18,603$16,538
7 years$19,994$18,652$17,397$16,224$15,129$13,155
8 years$17,318$15,988$14,754$13,610$12,551$10,667
9 years$15,238$13,921$12,708$11,593$10,570$8,775
10 years$13,575$12,270$11,079$9,993$9,006$7,300
11 years$12,215$10,924$9,754$8,697$7,746$6,125
12 years$11,083$9,804$8,656$7,628$6,712$5,176
13 years$10,125$8,860$7,734$6,735$5,853$4,399
14 years$9,305$8,054$6,949$5,978$5,131$3,756
15 years$8,595$7,357$6,274$5,332$4,518$3,220
16 years$7,975$6,750$5,688$4,774$3,993$2,769
17 years$7,428$6,217$5,176$4,289$3,540$2,388
18 years$6,942$5,744$4,725$3,866$3,148$2,064
19 years$6,508$5,324$4,325$3,493$2,806$1,787
20 years$6,118$4,947$3,970$3,163$2,506$1,551
21 years$5,765$4,608$3,651$2,871$2,243$1,347
22 years$5,445$4,302$3,365$2,610$2,010$1,172
23 years$5,153$4,023$3,107$2,377$1,804$1,021
24 years$4,886$3,769$2,874$2,168$1,622$890
25 years$4,641$3,537$2,662$1,980$1,459$776
26 years$4,415$3,325$2,468$1,811$1,315$678
27 years$4,206$3,129$2,292$1,657$1,185$592
28 years$4,012$2,948$2,131$1,518$1,069$517
29 years$3,832$2,781$1,983$1,392$966$452
30 years$3,664$2,627$1,847$1,278$873$396
31 years$3,507$2,483$1,722$1,174$789$346
32 years$3,361$2,350$1,607$1,079$714$303
33 years$3,224$2,225$1,500$992$646$265
34 years$3,095$2,109$1,402$913$585$232
35 years$2,973$2,000$1,310$840$530$204
36 years$2,859$1,898$1,226$774$480$178
37 years$2,751$1,803$1,147$713$435$156
38 years$2,649$1,714$1,074$657$394$137
39 years$2,552$1,629$1,007$606$358$120
40 years$2,461$1,550$944$559$324$105
41 years$2,374$1,476$885$516$294$92
42 years$2,292$1,405$830$476$267$81
43 years$2,213$1,339$779$439$242$71
44 years$2,139$1,276$731$406$220$62
45 years$2,068$1,217$686$375$200$54
46 years$2,000$1,161$645$346$181$48
47 years$1,935$1,108$606$320$165$42
48 years$1,873$1,058$569$295$149$37
49 years$1,814$1,010$535$273$136$32
50 years$1,757$965$503$252$123$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $1,800,000, adding $2,519 every year, while hoping to spend $29,608 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: 44/29/27 Blend
61$1,800,000$1,800,000$1,800,000$1,800,000
62$1,986,198$1,890,798$1,862,898$2,057,923
63$2,157,288$1,951,945$1,893,803$2,170,430
64$2,344,836$2,015,095$1,924,750$2,289,282
65$2,550,491$2,080,316$1,955,711$2,417,550
66$2,776,067$2,147,677$1,986,653$2,556,125
67$3,023,562$2,217,250$2,017,542$2,705,989
68$3,295,178$2,289,108$2,048,343$2,868,222
69$3,593,341$2,363,329$2,079,016$3,044,012
70$3,920,720$2,439,991$2,109,522$3,234,667
71$4,280,260$2,519,176$2,139,817$3,441,627
72$4,675,201$2,600,970$2,169,855$3,666,477
73$5,109,113$2,685,460$2,199,588$3,910,962
74$5,585,932$2,772,737$2,228,964$4,177,001
75$6,109,991$2,862,895$2,257,927$4,466,711
76$6,686,064$2,956,030$2,286,422$4,782,419
77$7,319,411$3,052,244$2,314,385$5,126,690
78$8,015,827$3,151,641$2,341,754$5,502,348
79$8,781,698$3,254,328$2,368,459$5,912,501
80$9,624,058$3,360,416$2,394,429$6,360,576
81$10,550,657$3,470,022$2,419,588$6,850,343
82$11,570,036$3,583,265$2,443,855$7,385,959
83$12,691,602$3,700,267$2,467,147$7,971,998
84$13,925,722$3,821,157$2,489,373$8,613,502
85$15,283,820$3,946,068$2,510,441$9,316,024
86$16,778,480$4,075,135$2,530,251$10,085,681
87$18,423,570$4,208,502$2,548,700$10,929,210
88$20,234,371$4,346,316$2,565,678$11,854,035
89$22,227,718$4,488,727$2,581,070$12,868,334
90$24,422,165$4,635,894$2,594,755$13,981,117
91$26,838,152$4,787,979$2,606,606$15,202,310
92$29,498,206$4,945,152$2,616,489$16,542,849
93$32,427,145$5,107,587$2,624,264$18,014,783
94$35,652,320$5,275,465$2,629,783$19,631,388
95$39,203,868$5,448,973$2,632,892$21,407,290
96$43,114,996$5,628,307$2,633,428$23,358,605
97$47,422,298$5,813,666$2,631,220$25,503,089
98$52,166,096$6,005,260$2,626,090$27,860,309
99$57,390,824$6,203,303$2,617,849$30,451,823
100$63,145,443$6,408,020$2,606,302$33,301,384