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%13.9%
1 years$150,294$148,955$147,649$146,374$145,129$142,784
2 years$74,403$73,017$71,674$70,372$69,109$66,753
3 years$49,109$47,718$46,378$45,088$43,846$41,551
4 years$36,465$35,077$33,751$32,483$31,271$29,057
5 years$28,880$27,501$26,192$24,950$23,772$21,644
6 years$23,825$22,457$21,167$19,953$18,810$16,770
7 years$20,216$18,859$17,590$16,405$15,297$13,347
8 years$17,511$16,166$14,918$13,761$12,691$10,830
9 years$15,407$14,075$12,849$11,722$10,687$8,915
10 years$13,726$12,407$11,202$10,104$9,106$7,420
11 years$12,351$11,045$9,862$8,794$7,832$6,230
12 years$11,206$9,913$8,752$7,713$6,787$5,268
13 years$10,238$8,959$7,820$6,810$5,918$4,480
14 years$9,409$8,143$7,026$6,045$5,188$3,828
15 years$8,691$7,439$6,343$5,391$4,568$3,283
16 years$8,063$6,825$5,751$4,827$4,037$2,826
17 years$7,510$6,286$5,233$4,337$3,579$2,438
18 years$7,019$5,808$4,777$3,908$3,183$2,109
19 years$6,580$5,383$4,373$3,532$2,837$1,828
20 years$6,186$5,002$4,014$3,199$2,534$1,587
21 years$5,829$4,659$3,692$2,903$2,268$1,380
22 years$5,505$4,349$3,403$2,639$2,033$1,201
23 years$5,210$4,068$3,142$2,404$1,825$1,047
24 years$4,940$3,811$2,906$2,192$1,640$913
25 years$4,692$3,577$2,691$2,002$1,476$797
26 years$4,464$3,362$2,496$1,831$1,329$697
27 years$4,252$3,164$2,318$1,676$1,198$609
28 years$4,056$2,981$2,155$1,535$1,081$533
29 years$3,874$2,812$2,005$1,408$976$466
30 years$3,705$2,656$1,868$1,292$882$408
31 years$3,546$2,511$1,741$1,187$798$357
32 years$3,398$2,376$1,624$1,091$722$313
33 years$3,259$2,250$1,517$1,003$653$274
34 years$3,129$2,132$1,417$923$591$241
35 years$3,006$2,022$1,325$849$535$211
36 years$2,891$1,920$1,239$782$485$185
37 years$2,781$1,823$1,160$721$440$162
38 years$2,678$1,733$1,086$664$399$142
39 years$2,581$1,648$1,018$613$362$125
40 years$2,488$1,568$954$565$328$109
41 years$2,400$1,492$895$521$297$96
42 years$2,317$1,421$839$481$270$84
43 years$2,238$1,354$787$444$245$74
44 years$2,162$1,291$739$410$222$65
45 years$2,091$1,231$694$379$202$57
46 years$2,022$1,174$652$350$183$50
47 years$1,957$1,120$612$323$166$44
48 years$1,894$1,070$575$299$151$38
49 years$1,834$1,021$541$276$137$34
50 years$1,777$976$509$255$125$30

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 $4,013 every year, while hoping to spend $57,739 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: 76/6/18 Blend
61$1,820,000$1,820,000$1,820,000$1,820,000
62$2,009,779$1,913,319$1,885,109$2,153,984
63$2,153,343$1,945,638$1,886,827$2,282,246
64$2,309,615$1,977,605$1,886,666$2,415,277
65$2,479,831$2,009,143$1,884,505$2,559,591
66$2,665,349$2,040,167$1,880,211$2,716,299
67$2,867,667$2,070,587$1,873,650$2,886,621
68$3,088,430$2,100,307$1,864,679$3,071,906
69$3,329,451$2,129,224$1,853,147$3,273,637
70$3,592,726$2,157,226$1,838,898$3,493,448
71$3,880,450$2,184,196$1,821,767$3,733,141
72$4,195,042$2,210,008$1,801,583$3,994,702
73$4,539,164$2,234,526$1,778,163$4,280,319
74$4,915,748$2,257,607$1,751,321$4,592,403
75$5,328,021$2,279,096$1,720,857$4,933,611
76$5,779,539$2,298,832$1,686,565$5,306,871
77$6,274,215$2,316,637$1,648,228$5,715,412
78$6,816,360$2,332,329$1,605,620$6,162,789
79$7,410,724$2,345,707$1,558,502$6,652,924
80$8,062,533$2,356,562$1,506,628$7,190,135
81$8,777,549$2,364,671$1,449,737$7,779,185
82$9,562,114$2,369,795$1,387,559$8,425,323
83$10,423,216$2,371,682$1,319,809$9,134,330
84$11,368,553$2,370,063$1,246,191$9,912,582
85$12,406,602$2,364,653$1,166,395$10,767,105
86$13,546,704$2,355,149$1,080,097$11,705,642
87$14,799,146$2,341,230$986,959$12,736,727
88$16,175,265$2,322,556$886,628$13,869,766
89$17,687,545$2,298,764$778,733$15,115,125
90$19,349,744$2,269,473$662,890$16,484,231
91$21,177,016$2,234,275$538,695$17,989,675
92$23,186,058$2,192,741$405,728$19,645,337
93$25,395,266$2,144,415$263,549$21,466,513
94$27,824,906$2,088,815$111,701$23,470,062
95$30,497,308$2,025,428$0$25,674,564
96$33,437,074$1,953,715$0$28,110,168
97$36,671,311$1,873,103$0$30,813,296
98$40,229,886$1,782,986$0$33,787,449
99$44,145,705$1,682,723$0$37,060,145
100$48,455,027$1,571,637$0$40,661,708