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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.3%
1 years$152,771$151,410$150,083$148,787$147,522$144,307
2 years$75,629$74,221$72,856$71,532$70,248$67,026
3 years$49,919$48,504$47,142$45,831$44,568$41,439
4 years$37,066$35,656$34,308$33,019$31,787$28,774
5 years$29,356$27,954$26,624$25,362$24,164$21,276
6 years$24,218$22,827$21,516$20,282$19,120$16,361
7 years$20,550$19,170$17,880$16,675$15,550$12,919
8 years$17,799$16,432$15,164$13,988$12,900$10,398
9 years$15,661$14,307$13,061$11,915$10,864$8,488
10 years$13,952$12,611$11,386$10,271$9,256$7,004
11 years$12,554$11,227$10,024$8,939$7,961$5,829
12 years$11,391$10,077$8,896$7,840$6,899$4,885
13 years$10,407$9,106$7,948$6,922$6,016$4,116
14 years$9,564$8,277$7,142$6,144$5,273$3,483
15 years$8,834$7,562$6,448$5,480$4,643$2,959
16 years$8,196$6,938$5,846$4,907$4,104$2,522
17 years$7,634$6,389$5,320$4,408$3,638$2,154
18 years$7,135$5,904$4,856$3,973$3,235$1,845
19 years$6,689$5,472$4,446$3,590$2,884$1,582
20 years$6,288$5,085$4,080$3,251$2,576$1,359
21 years$5,925$4,736$3,753$2,951$2,305$1,169
22 years$5,596$4,421$3,459$2,683$2,066$1,007
23 years$5,296$4,135$3,194$2,443$1,855$868
24 years$5,022$3,874$2,953$2,229$1,667$749
25 years$4,770$3,636$2,736$2,035$1,500$647
26 years$4,537$3,417$2,537$1,861$1,351$559
27 years$4,322$3,216$2,356$1,703$1,218$483
28 years$4,123$3,030$2,190$1,561$1,099$418
29 years$3,938$2,859$2,038$1,431$993$361
30 years$3,766$2,700$1,898$1,313$897$313
31 years$3,605$2,552$1,770$1,206$811$271
32 years$3,454$2,415$1,651$1,109$733$234
33 years$3,313$2,287$1,542$1,019$664$203
34 years$3,180$2,167$1,441$938$601$176
35 years$3,056$2,056$1,347$863$544$152
36 years$2,938$1,951$1,260$795$493$132
37 years$2,827$1,853$1,179$733$447$114
38 years$2,722$1,761$1,104$675$405$99
39 years$2,623$1,675$1,035$623$367$86
40 years$2,529$1,593$970$574$333$75
41 years$2,440$1,517$909$530$302$65
42 years$2,355$1,444$853$489$274$56
43 years$2,275$1,376$800$451$249$49
44 years$2,198$1,312$751$417$226$42
45 years$2,125$1,251$705$385$205$37
46 years$2,055$1,193$663$356$186$32
47 years$1,989$1,139$622$329$169$27
48 years$1,925$1,087$585$304$154$24
49 years$1,864$1,038$550$281$140$21
50 years$1,806$992$517$259$127$18

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 $2,168 every year, while hoping to spend $22,839 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: 44/47/9 Blend
61$1,850,000$1,850,000$1,850,000$1,850,000
62$2,040,936$1,942,886$1,914,211$2,125,402
63$2,224,811$2,013,787$1,954,037$2,255,102
64$2,426,676$2,087,397$1,994,431$2,393,086
65$2,648,341$2,163,824$2,035,389$2,542,113
66$2,891,802$2,243,181$2,076,904$2,703,207
67$3,159,256$2,325,587$2,118,971$2,877,491
68$3,453,123$2,411,164$2,161,580$3,066,198
69$3,776,071$2,500,040$2,204,722$3,270,685
70$4,131,038$2,592,350$2,248,387$3,492,439
71$4,521,260$2,688,231$2,292,565$3,733,099
72$4,950,304$2,787,830$2,337,241$3,994,464
73$5,422,099$2,891,297$2,382,402$4,278,513
74$5,940,972$2,998,790$2,428,032$4,587,420
75$6,511,694$3,110,474$2,474,114$4,923,578
76$7,139,520$3,226,519$2,520,629$5,289,617
77$7,830,237$3,347,105$2,567,557$5,688,431
78$8,590,227$3,472,419$2,614,875$6,123,203
79$9,426,516$3,602,653$2,662,560$6,597,434
80$10,346,849$3,738,012$2,710,584$7,114,978
81$11,359,760$3,878,707$2,758,921$7,680,072
82$12,474,650$4,024,958$2,807,539$8,297,383
83$13,701,879$4,176,995$2,856,406$8,972,044
84$15,052,861$4,335,059$2,905,487$9,709,705
85$16,540,176$4,499,400$2,954,743$10,516,585
86$18,177,682$4,670,279$3,004,136$11,399,529
87$19,980,652$4,847,969$3,053,621$12,366,073
88$21,965,914$5,032,754$3,103,152$13,424,513
89$24,152,010$5,224,932$3,152,680$14,583,981
90$26,559,373$5,424,812$3,202,153$15,854,534
91$29,210,519$5,632,718$3,251,516$17,247,242
92$32,130,258$5,848,986$3,300,707$18,774,297
93$35,345,928$6,073,971$3,349,665$20,449,123
94$38,887,656$6,308,039$3,398,322$22,286,502
95$42,788,638$6,551,574$3,446,607$24,302,713
96$47,085,455$6,804,977$3,494,444$26,515,685
97$51,818,418$7,068,667$3,541,754$28,945,163
98$57,031,945$7,343,080$3,588,452$31,612,891
99$62,774,986$7,628,673$3,634,447$34,542,822
100$69,101,479$7,925,923$3,679,645$37,761,335