Can I retire at age 62 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$150,294$148,955$147,649$146,374$145,129$141,106
2 years$74,403$73,017$71,674$70,372$69,109$65,086
3 years$49,109$47,718$46,378$45,088$43,846$39,948
4 years$36,465$35,077$33,751$32,483$31,271$27,529
5 years$28,880$27,501$26,192$24,950$23,772$20,196
6 years$23,825$22,457$21,167$19,953$18,810$15,404
7 years$20,216$18,859$17,590$16,405$15,297$12,061
8 years$17,511$16,166$14,918$13,761$12,691$9,622
9 years$15,407$14,075$12,849$11,722$10,687$7,784
10 years$13,726$12,407$11,202$10,104$9,106$6,363
11 years$12,351$11,045$9,862$8,794$7,832$5,246
12 years$11,206$9,913$8,752$7,713$6,787$4,353
13 years$10,238$8,959$7,820$6,810$5,918$3,631
14 years$9,409$8,143$7,026$6,045$5,188$3,041
15 years$8,691$7,439$6,343$5,391$4,568$2,557
16 years$8,063$6,825$5,751$4,827$4,037$2,156
17 years$7,510$6,286$5,233$4,337$3,579$1,822
18 years$7,019$5,808$4,777$3,908$3,183$1,543
19 years$6,580$5,383$4,373$3,532$2,837$1,309
20 years$6,186$5,002$4,014$3,199$2,534$1,111
21 years$5,829$4,659$3,692$2,903$2,268$945
22 years$5,505$4,349$3,403$2,639$2,033$805
23 years$5,210$4,068$3,142$2,404$1,825$686
24 years$4,940$3,811$2,906$2,192$1,640$585
25 years$4,692$3,577$2,691$2,002$1,476$499
26 years$4,464$3,362$2,496$1,831$1,329$426
27 years$4,252$3,164$2,318$1,676$1,198$364
28 years$4,056$2,981$2,155$1,535$1,081$311
29 years$3,874$2,812$2,005$1,408$976$265
30 years$3,705$2,656$1,868$1,292$882$227
31 years$3,546$2,511$1,741$1,187$798$194
32 years$3,398$2,376$1,624$1,091$722$166
33 years$3,259$2,250$1,517$1,003$653$142
34 years$3,129$2,132$1,417$923$591$121
35 years$3,006$2,022$1,325$849$535$104
36 years$2,891$1,920$1,239$782$485$89
37 years$2,781$1,823$1,160$721$440$76
38 years$2,678$1,733$1,086$664$399$65
39 years$2,581$1,648$1,018$613$362$56
40 years$2,488$1,568$954$565$328$48
41 years$2,400$1,492$895$521$297$41
42 years$2,317$1,421$839$481$270$35
43 years$2,238$1,354$787$444$245$30
44 years$2,162$1,291$739$410$222$26
45 years$2,091$1,231$694$379$202$22
46 years$2,022$1,174$652$350$183$19
47 years$1,957$1,120$612$323$166$16
48 years$1,894$1,070$575$299$151$14
49 years$1,834$1,021$541$276$137$12
50 years$1,777$976$509$255$125$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $1,820,000, adding $6,925 every year, while hoping to spend $25,523 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: 71/6/23 Blend
61$1,820,000$1,820,000$1,820,000$1,820,000
62$2,012,783$1,916,323$1,888,113$2,143,676
63$2,190,931$1,983,067$1,924,209$2,298,692
64$2,386,394$2,052,225$1,960,658$2,464,714
65$2,600,912$2,123,890$1,997,446$2,645,886
66$2,836,401$2,198,157$2,034,556$2,843,709
67$3,094,971$2,275,123$2,071,971$3,059,835
68$3,378,946$2,354,893$2,109,670$3,296,085
69$3,690,888$2,437,572$2,147,634$3,554,466
70$4,033,618$2,523,272$2,185,839$3,837,186
71$4,410,244$2,612,109$2,224,261$4,146,678
72$4,824,189$2,704,203$2,262,874$4,485,623
73$5,279,225$2,799,678$2,301,649$4,856,973
74$5,779,509$2,898,665$2,340,557$5,263,980
75$6,329,618$3,001,299$2,379,565$5,710,229
76$6,934,598$3,107,721$2,418,639$6,199,667
77$7,600,005$3,218,078$2,457,742$6,736,642
78$8,331,964$3,332,521$2,496,834$7,325,946
79$9,137,219$3,451,210$2,535,874$7,972,857
80$10,023,206$3,574,310$2,574,816$8,683,193
81$10,998,115$3,701,993$2,613,613$9,463,359
82$12,070,969$3,834,437$2,652,216$10,320,418
83$13,251,712$3,971,828$2,690,569$11,262,147
84$14,551,300$4,114,361$2,728,617$12,297,118
85$15,981,805$4,262,238$2,766,299$13,434,775
86$17,556,530$4,415,668$2,803,550$14,685,524
87$19,290,131$4,574,871$2,840,304$16,060,829
88$21,198,758$4,740,073$2,876,488$17,573,326
89$23,300,208$4,911,514$2,912,027$19,236,935
90$25,614,090$5,089,439$2,946,841$21,066,996
91$28,162,012$5,274,106$2,980,844$23,080,411
92$30,967,783$5,465,783$3,013,949$25,295,805
93$34,057,640$5,664,749$3,046,059$27,733,701
94$37,460,493$5,871,296$3,077,076$30,416,715
95$41,208,201$6,085,726$3,106,895$33,369,766
96$45,335,866$6,308,356$3,135,405$36,620,315
97$49,882,173$6,539,514$3,162,490$40,198,621
98$54,889,748$6,779,543$3,188,026$44,138,030
99$60,405,562$7,028,801$3,211,885$48,475,283
100$66,481,377$7,287,660$3,233,931$53,250,873