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%17.3%
1 years$148,642$147,318$146,027$144,766$143,535$139,275
2 years$73,585$72,215$70,887$69,599$68,350$64,093
3 years$48,570$47,193$45,868$44,593$43,364$39,244
4 years$36,064$34,692$33,380$32,127$30,928$26,976
5 years$28,563$27,199$25,905$24,676$23,511$19,738
6 years$23,564$22,210$20,935$19,734$18,603$15,013
7 years$19,994$18,652$17,397$16,224$15,129$11,722
8 years$17,318$15,988$14,754$13,610$12,551$9,324
9 years$15,238$13,921$12,708$11,593$10,570$7,520
10 years$13,575$12,270$11,079$9,993$9,006$6,129
11 years$12,215$10,924$9,754$8,697$7,746$5,036
12 years$11,083$9,804$8,656$7,628$6,712$4,165
13 years$10,125$8,860$7,734$6,735$5,853$3,462
14 years$9,305$8,054$6,949$5,978$5,131$2,890
15 years$8,595$7,357$6,274$5,332$4,518$2,421
16 years$7,975$6,750$5,688$4,774$3,993$2,034
17 years$7,428$6,217$5,176$4,289$3,540$1,713
18 years$6,942$5,744$4,725$3,866$3,148$1,445
19 years$6,508$5,324$4,325$3,493$2,806$1,221
20 years$6,118$4,947$3,970$3,163$2,506$1,033
21 years$5,765$4,608$3,651$2,871$2,243$875
22 years$5,445$4,302$3,365$2,610$2,010$742
23 years$5,153$4,023$3,107$2,377$1,804$630
24 years$4,886$3,769$2,874$2,168$1,622$535
25 years$4,641$3,537$2,662$1,980$1,459$455
26 years$4,415$3,325$2,468$1,811$1,315$386
27 years$4,206$3,129$2,292$1,657$1,185$329
28 years$4,012$2,948$2,131$1,518$1,069$280
29 years$3,832$2,781$1,983$1,392$966$238
30 years$3,664$2,627$1,847$1,278$873$203
31 years$3,507$2,483$1,722$1,174$789$172
32 years$3,361$2,350$1,607$1,079$714$147
33 years$3,224$2,225$1,500$992$646$125
34 years$3,095$2,109$1,402$913$585$107
35 years$2,973$2,000$1,310$840$530$91
36 years$2,859$1,898$1,226$774$480$77
37 years$2,751$1,803$1,147$713$435$66
38 years$2,649$1,714$1,074$657$394$56
39 years$2,552$1,629$1,007$606$358$48
40 years$2,461$1,550$944$559$324$41
41 years$2,374$1,476$885$516$294$35
42 years$2,292$1,405$830$476$267$30
43 years$2,213$1,339$779$439$242$25
44 years$2,139$1,276$731$406$220$22
45 years$2,068$1,217$686$375$200$18
46 years$2,000$1,161$645$346$181$16
47 years$1,935$1,108$606$320$165$13
48 years$1,873$1,058$569$295$149$11
49 years$1,814$1,010$535$273$136$10
50 years$1,757$965$503$252$123$8

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 $3,853 every year, while hoping to spend $35,387 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: 76/12/12 Blend
61$1,800,000$1,800,000$1,800,000$1,800,000
62$1,987,574$1,892,174$1,864,274$2,133,680
63$2,152,655$1,947,239$1,889,076$2,285,585
64$2,333,389$2,003,817$1,913,523$2,447,210
65$2,531,334$2,061,943$1,937,565$2,623,399
66$2,748,207$2,121,655$1,961,150$2,815,586
67$2,985,899$2,182,992$1,984,224$3,025,355
68$3,246,494$2,245,991$2,006,729$3,254,447
69$3,532,284$2,310,693$2,028,602$3,504,781
70$3,845,796$2,377,136$2,049,779$3,778,469
71$4,189,813$2,445,361$2,070,193$4,077,838
72$4,567,400$2,515,410$2,089,770$4,405,453
73$4,981,933$2,587,322$2,108,435$4,764,137
74$5,437,130$2,661,142$2,126,108$5,157,000
75$5,937,090$2,736,910$2,142,705$5,587,468
76$6,486,325$2,814,670$2,158,137$6,059,315
77$7,089,806$2,894,465$2,172,311$6,576,701
78$7,753,012$2,976,340$2,185,129$7,144,205
79$8,481,976$3,060,338$2,196,488$7,766,875
80$9,283,347$3,146,503$2,206,280$8,450,270
81$10,164,448$3,234,882$2,214,390$9,200,516
82$11,133,349$3,325,518$2,220,699$10,024,363
83$12,198,939$3,418,457$2,225,081$10,929,246
84$13,371,015$3,513,745$2,227,405$11,923,358
85$14,660,367$3,611,427$2,227,531$13,015,727
86$16,078,887$3,711,549$2,225,316$14,216,300
87$17,639,675$3,814,157$2,220,606$15,536,035
88$19,357,167$3,919,296$2,213,242$16,987,009
89$21,247,268$4,027,012$2,203,055$18,582,527
90$23,327,503$4,137,349$2,189,871$20,337,252
91$25,617,182$4,250,352$2,173,505$22,267,338
92$28,137,581$4,366,067$2,153,765$24,390,588
93$30,912,146$4,484,536$2,130,448$26,726,618
94$33,966,710$4,605,802$2,103,342$29,297,042
95$37,329,736$4,729,909$2,072,226$32,125,679
96$41,032,592$4,856,897$2,036,869$35,238,775
97$45,109,839$4,986,808$1,997,026$38,665,251
98$49,599,560$5,119,679$1,952,444$42,436,977
99$54,543,722$5,255,550$1,902,858$46,589,072
100$59,988,565$5,394,455$1,847,987$51,160,234