Can I retire at age 62 with 1,850,000?

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$152,771$151,410$150,083$148,787$147,522$144,484
2 years$75,629$74,221$72,856$71,532$70,248$67,202
3 years$49,919$48,504$47,142$45,831$44,568$41,608
4 years$37,066$35,656$34,308$33,019$31,787$28,935
5 years$29,356$27,954$26,624$25,362$24,164$21,429
6 years$24,218$22,827$21,516$20,282$19,120$16,505
7 years$20,550$19,170$17,880$16,675$15,550$13,056
8 years$17,799$16,432$15,164$13,988$12,900$10,526
9 years$15,661$14,307$13,061$11,915$10,864$8,607
10 years$13,952$12,611$11,386$10,271$9,256$7,116
11 years$12,554$11,227$10,024$8,939$7,961$5,934
12 years$11,391$10,077$8,896$7,840$6,899$4,982
13 years$10,407$9,106$7,948$6,922$6,016$4,206
14 years$9,564$8,277$7,142$6,144$5,273$3,567
15 years$8,834$7,562$6,448$5,480$4,643$3,037
16 years$8,196$6,938$5,846$4,907$4,104$2,593
17 years$7,634$6,389$5,320$4,408$3,638$2,220
18 years$7,135$5,904$4,856$3,973$3,235$1,905
19 years$6,689$5,472$4,446$3,590$2,884$1,638
20 years$6,288$5,085$4,080$3,251$2,576$1,410
21 years$5,925$4,736$3,753$2,951$2,305$1,216
22 years$5,596$4,421$3,459$2,683$2,066$1,050
23 years$5,296$4,135$3,194$2,443$1,855$907
24 years$5,022$3,874$2,953$2,229$1,667$785
25 years$4,770$3,636$2,736$2,035$1,500$679
26 years$4,537$3,417$2,537$1,861$1,351$588
27 years$4,322$3,216$2,356$1,703$1,218$510
28 years$4,123$3,030$2,190$1,561$1,099$442
29 years$3,938$2,859$2,038$1,431$993$383
30 years$3,766$2,700$1,898$1,313$897$332
31 years$3,605$2,552$1,770$1,206$811$288
32 years$3,454$2,415$1,651$1,109$733$250
33 years$3,313$2,287$1,542$1,019$664$217
34 years$3,180$2,167$1,441$938$601$189
35 years$3,056$2,056$1,347$863$544$164
36 years$2,938$1,951$1,260$795$493$142
37 years$2,827$1,853$1,179$733$447$124
38 years$2,722$1,761$1,104$675$405$108
39 years$2,623$1,675$1,035$623$367$93
40 years$2,529$1,593$970$574$333$81
41 years$2,440$1,517$909$530$302$71
42 years$2,355$1,444$853$489$274$61
43 years$2,275$1,376$800$451$249$53
44 years$2,198$1,312$751$417$226$46
45 years$2,125$1,251$705$385$205$40
46 years$2,055$1,193$663$356$186$35
47 years$1,989$1,139$622$329$169$30
48 years$1,925$1,087$585$304$154$26
49 years$1,864$1,038$550$281$140$23
50 years$1,806$992$517$259$127$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $1,850,000, adding $2,615 every year, while hoping to spend $23,018 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: 71/22/7 Blend
61$1,850,000$1,850,000$1,850,000$1,850,000
62$2,041,397$1,943,347$1,914,672$2,184,002
63$2,225,129$2,014,080$1,954,323$2,349,275
64$2,426,830$2,087,508$1,994,530$2,527,010
65$2,648,308$2,163,738$2,035,289$2,720,909
66$2,891,556$2,242,882$2,076,592$2,932,554
67$3,158,769$2,325,057$2,118,432$3,163,691
68$3,452,365$2,410,386$2,160,800$3,416,238
69$3,775,006$2,498,995$2,203,687$3,692,308
70$4,129,628$2,591,016$2,247,082$3,994,226
71$4,519,462$2,686,588$2,290,971$4,324,554
72$4,948,070$2,785,855$2,335,342$4,686,109
73$5,419,377$2,888,965$2,380,180$5,081,996
74$5,937,706$2,996,076$2,425,468$5,515,631
75$6,507,818$3,107,351$2,471,187$5,990,779
76$7,134,963$3,222,958$2,517,319$6,511,583
77$7,824,922$3,343,076$2,563,842$7,082,606
78$8,584,066$3,467,888$2,610,733$7,708,874
79$9,419,414$3,597,588$2,657,966$8,395,921
80$10,338,700$3,732,376$2,705,514$9,149,844
81$11,350,447$3,872,462$2,753,348$9,977,356
82$12,464,043$4,018,064$2,801,436$10,885,852
83$13,689,836$4,169,409$2,849,744$11,883,478
84$15,039,225$4,326,736$2,898,236$12,979,206
85$16,524,772$4,490,292$2,946,873$14,182,918
86$18,160,318$4,660,336$2,995,613$15,505,502
87$19,961,116$4,837,138$3,044,412$16,958,949
88$21,943,971$5,020,979$3,093,221$18,556,472
89$24,127,403$5,212,153$3,141,990$20,312,623
90$26,531,816$5,410,967$3,190,665$22,243,436
91$29,179,698$5,617,740$3,239,189$24,366,573
92$32,095,824$5,832,807$3,287,499$26,701,494
93$35,307,500$6,056,516$3,335,532$29,269,638
94$38,844,810$6,289,231$3,383,217$32,094,623
95$42,740,908$6,531,330$3,430,482$35,202,472
96$47,032,326$6,783,212$3,477,249$38,621,854
97$51,759,323$7,045,288$3,523,436$42,384,358
98$56,966,259$7,317,992$3,568,956$46,524,786
99$62,702,018$7,601,774$3,613,717$51,081,483
100$69,020,468$7,897,106$3,657,621$56,096,699