Can I retire at age 62 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$151,120$149,774$148,460$147,178$145,927$140,693
2 years$74,812$73,418$72,068$70,759$69,489$64,273
3 years$49,379$47,980$46,633$45,336$44,087$39,052
4 years$36,665$35,270$33,937$32,662$31,443$26,628
5 years$29,039$27,652$26,336$25,088$23,902$19,320
6 years$23,956$22,580$21,284$20,063$18,913$14,567
7 years$20,327$18,963$17,687$16,495$15,381$11,270
8 years$17,607$16,255$15,000$13,837$12,760$8,880
9 years$15,492$14,153$12,919$11,786$10,746$7,092
10 years$13,801$12,475$11,263$10,160$9,156$5,722
11 years$12,419$11,106$9,916$8,842$7,875$4,653
12 years$11,267$9,968$8,800$7,756$6,824$3,808
13 years$10,294$9,008$7,862$6,847$5,951$3,131
14 years$9,460$8,188$7,064$6,078$5,216$2,585
15 years$8,739$7,480$6,378$5,421$4,593$2,141
16 years$8,108$6,863$5,783$4,853$4,059$1,778
17 years$7,551$6,320$5,262$4,361$3,599$1,480
18 years$7,058$5,840$4,804$3,930$3,200$1,234
19 years$6,616$5,413$4,398$3,551$2,852$1,030
20 years$6,220$5,030$4,036$3,216$2,548$861
21 years$5,861$4,685$3,712$2,919$2,280$720
22 years$5,536$4,373$3,421$2,654$2,044$603
23 years$5,239$4,090$3,159$2,417$1,835$506
24 years$4,967$3,832$2,922$2,204$1,649$424
25 years$4,718$3,596$2,706$2,013$1,484$356
26 years$4,488$3,380$2,510$1,841$1,337$298
27 years$4,276$3,181$2,330$1,685$1,205$251
28 years$4,079$2,997$2,166$1,544$1,087$210
29 years$3,896$2,828$2,016$1,416$982$177
30 years$3,725$2,670$1,878$1,299$887$148
31 years$3,566$2,524$1,751$1,193$802$125
32 years$3,417$2,389$1,633$1,097$726$105
33 years$3,277$2,262$1,525$1,008$657$88
34 years$3,146$2,144$1,425$928$594$74
35 years$3,023$2,034$1,332$854$538$62
36 years$2,906$1,930$1,246$787$488$52
37 years$2,797$1,833$1,167$725$442$44
38 years$2,693$1,742$1,092$668$401$37
39 years$2,595$1,657$1,023$616$364$31
40 years$2,502$1,576$959$568$330$26
41 years$2,414$1,500$899$524$299$22
42 years$2,330$1,429$844$484$271$19
43 years$2,250$1,361$792$447$246$16
44 years$2,174$1,298$743$412$224$13
45 years$2,102$1,237$698$381$203$11
46 years$2,033$1,181$655$352$184$9
47 years$1,967$1,127$616$325$167$8
48 years$1,904$1,075$579$300$152$7
49 years$1,844$1,027$544$278$138$6
50 years$1,787$981$511$257$125$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $1,830,000, adding $6,649 every year, while hoping to spend $27,644 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: 48/37/15 Blend
61$1,830,000$1,830,000$1,830,000$1,830,000
62$2,023,518$1,926,528$1,898,163$2,111,872
63$2,200,504$1,991,515$1,932,339$2,238,628
64$2,394,616$2,058,760$1,966,733$2,372,803
65$2,607,572$2,128,344$2,001,323$2,517,887
66$2,841,263$2,200,352$2,036,086$2,674,909
67$3,097,774$2,274,871$2,070,997$2,845,002
68$3,379,400$2,351,993$2,106,029$3,029,411
69$3,688,671$2,431,812$2,141,152$3,229,506
70$4,028,370$2,514,426$2,176,336$3,446,793
71$4,401,568$2,599,938$2,211,548$3,682,931
72$4,811,645$2,688,451$2,246,751$3,939,743
73$5,262,325$2,780,077$2,281,910$4,219,236
74$5,757,710$2,874,930$2,316,982$4,523,619
75$6,302,322$2,973,127$2,351,926$4,855,321
76$6,901,140$3,074,791$2,386,697$5,217,018
77$7,559,651$3,180,050$2,421,246$5,611,654
78$8,283,900$3,289,037$2,455,522$6,042,470
79$9,080,546$3,401,888$2,489,471$6,513,035
80$9,956,929$3,518,748$2,523,035$7,027,276
81$10,921,133$3,639,764$2,556,154$7,589,519
82$11,982,067$3,765,091$2,588,763$8,204,525
83$13,149,546$3,894,888$2,620,795$8,877,539
84$14,434,385$4,029,323$2,652,177$9,614,335
85$15,848,500$4,168,568$2,682,833$10,421,271
86$17,405,022$4,312,802$2,712,683$11,305,351
87$19,118,419$4,462,214$2,741,642$12,274,286
88$21,004,631$4,616,996$2,769,621$13,336,571
89$23,081,226$4,777,351$2,796,525$14,501,561
90$25,367,558$4,943,489$2,822,256$15,779,560
91$27,884,955$5,115,626$2,846,708$17,181,919
92$30,656,919$5,293,990$2,869,771$18,721,141
93$33,709,346$5,478,817$2,891,329$20,410,995
94$37,070,771$5,670,351$2,911,261$22,266,654
95$40,772,638$5,868,847$2,929,436$24,304,828
96$44,849,596$6,074,569$2,945,722$26,543,928
97$49,339,826$6,287,794$2,959,974$29,004,234
98$54,285,399$6,508,807$2,972,044$31,708,089
99$59,732,678$6,737,906$2,981,776$34,680,109
100$65,732,749$6,975,402$2,989,003$37,947,410