Can I retire at age 62 with 1,810,000?

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 $1,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$149,468$148,137$146,838$145,570$144,332$143,663
2 years$73,994$72,616$71,280$69,986$68,729$68,055
3 years$48,839$47,455$46,123$44,840$43,605$42,945
4 years$36,265$34,885$33,566$32,305$31,099$30,459
5 years$28,722$27,350$26,048$24,813$23,641$23,022
6 years$23,695$22,333$21,051$19,843$18,706$18,110
7 years$20,105$18,756$17,494$16,314$15,213$14,639
8 years$17,414$16,077$14,836$13,686$12,621$12,070
9 years$15,323$13,998$12,778$11,657$10,629$10,100
10 years$13,650$12,338$11,140$10,049$9,056$8,550
11 years$12,283$10,984$9,808$8,745$7,789$7,304
12 years$11,144$9,859$8,704$7,671$6,749$6,287
13 years$10,182$8,909$7,777$6,772$5,886$5,444
14 years$9,357$8,098$6,987$6,012$5,159$4,739
15 years$8,643$7,398$6,309$5,361$4,543$4,142
16 years$8,019$6,788$5,720$4,800$4,015$3,634
17 years$7,469$6,251$5,205$4,313$3,560$3,198
18 years$6,980$5,776$4,751$3,887$3,165$2,822
19 years$6,544$5,353$4,349$3,512$2,821$2,496
20 years$6,152$4,975$3,992$3,181$2,520$2,212
21 years$5,797$4,634$3,672$2,887$2,255$1,964
22 years$5,475$4,325$3,384$2,625$2,021$1,746
23 years$5,182$4,045$3,124$2,391$1,815$1,555
24 years$4,913$3,790$2,890$2,180$1,631$1,386
25 years$4,666$3,557$2,676$1,991$1,468$1,237
26 years$4,439$3,343$2,482$1,821$1,322$1,105
27 years$4,229$3,146$2,305$1,666$1,192$987
28 years$4,034$2,965$2,143$1,527$1,075$883
29 years$3,853$2,797$1,994$1,400$971$791
30 years$3,684$2,641$1,857$1,285$877$708
31 years$3,527$2,497$1,732$1,180$793$635
32 years$3,380$2,363$1,616$1,085$718$569
33 years$3,241$2,237$1,508$997$649$510
34 years$3,112$2,121$1,409$918$588$458
35 years$2,990$2,011$1,318$845$533$411
36 years$2,875$1,909$1,233$778$483$369
37 years$2,766$1,813$1,154$717$437$331
38 years$2,664$1,723$1,080$661$396$298
39 years$2,567$1,639$1,012$609$360$267
40 years$2,475$1,559$949$562$326$240
41 years$2,387$1,484$890$518$296$216
42 years$2,304$1,413$835$478$268$194
43 years$2,226$1,347$783$442$244$174
44 years$2,151$1,284$735$408$221$157
45 years$2,079$1,224$690$377$201$141
46 years$2,011$1,168$648$348$182$127
47 years$1,946$1,114$609$321$166$114
48 years$1,884$1,064$572$297$150$103
49 years$1,824$1,016$538$274$137$92
50 years$1,767$970$506$254$124$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $1,810,000, adding $2,894 every year, while hoping to spend $26,139 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: 42/45/13 Blend
61$1,810,000$1,810,000$1,810,000$1,810,000
62$1,997,605$1,901,675$1,873,620$2,073,781
63$2,173,549$1,967,046$1,908,575$2,192,902
64$2,366,563$2,034,743$1,943,824$2,318,990
65$2,578,361$2,104,854$1,979,351$2,454,950
66$2,810,831$2,177,468$2,015,136$2,601,696
67$3,066,051$2,252,679$2,051,158$2,760,231
68$3,346,311$2,330,584$2,087,395$2,931,659
69$3,654,135$2,411,282$2,123,822$3,117,191
70$3,992,301$2,494,880$2,160,415$3,318,160
71$4,363,872$2,581,486$2,197,146$3,536,031
72$4,772,221$2,671,212$2,233,984$3,772,413
73$5,221,063$2,764,177$2,270,898$4,029,079
74$5,714,493$2,860,503$2,307,854$4,307,976
75$6,257,019$2,960,316$2,344,815$4,611,248
76$6,853,613$3,063,749$2,381,744$4,941,250
77$7,509,748$3,170,939$2,418,599$5,300,577
78$8,231,456$3,282,029$2,455,336$5,692,082
79$9,025,384$3,397,168$2,491,909$6,118,905
80$9,898,853$3,516,509$2,528,268$6,584,502
81$10,859,932$3,640,214$2,564,361$7,092,674
82$11,917,510$3,768,449$2,600,132$7,647,609
83$13,081,381$3,901,388$2,635,522$8,253,913
84$14,362,339$4,039,213$2,670,468$8,916,660
85$15,772,274$4,182,111$2,704,905$9,641,432
86$17,324,288$4,330,277$2,738,763$10,434,377
87$19,032,821$4,483,916$2,771,966$11,302,265
88$20,913,780$4,643,239$2,804,438$12,252,546
89$22,984,694$4,808,466$2,836,095$13,293,429
90$25,264,879$4,979,827$2,866,851$14,433,949
91$27,775,619$5,157,561$2,896,613$15,684,058
92$30,540,367$5,341,917$2,925,284$17,054,716
93$33,584,966$5,533,152$2,952,763$18,557,991
94$36,937,892$5,731,536$2,978,940$20,207,178
95$40,630,526$5,937,350$3,003,703$22,016,917
96$44,697,445$6,150,885$3,026,933$24,003,334
97$49,176,751$6,372,446$3,048,502$26,184,190
98$54,110,433$6,602,348$3,068,279$28,579,052
99$59,544,755$6,840,922$3,086,125$31,209,470
100$65,530,703$7,088,510$3,101,893$34,099,184