Can I retire at age 62 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$153,597$152,229$150,894$149,591$148,319$147,694
2 years$76,038$74,622$73,250$71,919$70,628$69,997
3 years$50,189$48,766$47,397$46,079$44,809$44,192
4 years$37,266$35,848$34,493$33,197$31,958$31,359
5 years$29,515$28,106$26,768$25,499$24,294$23,715
6 years$24,349$22,950$21,633$20,392$19,223$18,665
7 years$20,661$19,274$17,977$16,765$15,634$15,097
8 years$17,896$16,521$15,246$14,064$12,970$12,454
9 years$15,746$14,385$13,131$11,979$10,922$10,427
10 years$14,027$12,679$11,448$10,326$9,306$8,832
11 years$12,622$11,288$10,079$8,987$8,004$7,550
12 years$11,452$10,131$8,945$7,883$6,936$6,503
13 years$10,463$9,156$7,991$6,959$6,048$5,635
14 years$9,615$8,322$7,180$6,178$5,302$4,908
15 years$8,882$7,602$6,483$5,509$4,668$4,293
16 years$8,241$6,975$5,878$4,933$4,126$3,769
17 years$7,675$6,424$5,348$4,432$3,658$3,319
18 years$7,173$5,936$4,882$3,994$3,253$2,931
19 years$6,725$5,501$4,470$3,609$2,899$2,594
20 years$6,322$5,112$4,102$3,269$2,590$2,300
21 years$5,957$4,762$3,773$2,967$2,317$2,044
22 years$5,626$4,445$3,477$2,697$2,077$1,819
23 years$5,325$4,157$3,211$2,457$1,865$1,620
24 years$5,049$3,895$2,969$2,241$1,676$1,446
25 years$4,795$3,655$2,750$2,046$1,508$1,291
26 years$4,562$3,435$2,551$1,871$1,358$1,154
27 years$4,346$3,233$2,369$1,713$1,225$1,032
28 years$4,146$3,047$2,202$1,569$1,105$924
29 years$3,959$2,874$2,049$1,439$998$828
30 years$3,786$2,714$1,909$1,321$902$742
31 years$3,624$2,566$1,779$1,213$815$666
32 years$3,473$2,428$1,660$1,115$737$597
33 years$3,331$2,299$1,550$1,025$667$536
34 years$3,198$2,179$1,448$943$604$481
35 years$3,072$2,067$1,354$868$547$432
36 years$2,954$1,962$1,267$800$496$389
37 years$2,843$1,863$1,186$737$449$349
38 years$2,737$1,771$1,110$679$407$314
39 years$2,637$1,684$1,040$626$369$282
40 years$2,543$1,602$975$577$335$254
41 years$2,453$1,525$914$533$304$228
42 years$2,368$1,452$858$492$276$205
43 years$2,287$1,384$805$454$250$185
44 years$2,210$1,319$755$419$227$166
45 years$2,136$1,258$709$387$206$150
46 years$2,066$1,200$666$358$187$135
47 years$2,000$1,145$626$330$170$121
48 years$1,936$1,093$588$305$154$109
49 years$1,874$1,044$553$282$140$98
50 years$1,816$997$520$261$127$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $1,860,000, adding $4,405 every year, while hoping to spend $28,754 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: 59/12/29 Blend
61$1,860,000$1,860,000$1,860,000$1,860,000
62$2,054,264$1,955,684$1,926,854$2,158,985
63$2,233,205$2,020,918$1,960,809$2,296,380
64$2,429,434$2,088,385$1,994,939$2,442,760
65$2,644,684$2,158,165$2,029,217$2,601,844
66$2,880,865$2,230,337$2,063,619$2,774,877
67$3,140,078$2,304,989$2,098,115$2,963,229
68$3,424,640$2,382,208$2,132,676$3,168,407
69$3,737,102$2,462,085$2,167,270$3,392,072
70$4,080,275$2,544,715$2,201,861$3,636,053
71$4,457,253$2,630,196$2,236,414$3,902,364
72$4,871,448$2,718,631$2,270,889$4,193,224
73$5,326,618$2,810,126$2,305,246$4,511,077
74$5,826,900$2,904,789$2,339,439$4,858,614
75$6,376,856$3,002,736$2,373,422$5,238,802
76$6,981,508$3,104,083$2,407,145$5,654,906
77$7,646,394$3,208,955$2,440,556$6,110,525
78$8,377,609$3,317,477$2,473,598$6,609,624
79$9,181,875$3,429,783$2,506,212$7,156,569
80$10,066,592$3,546,008$2,538,337$7,756,173
81$11,039,918$3,666,296$2,569,904$8,413,737
82$12,110,838$3,790,793$2,600,845$9,135,101
83$13,289,256$3,919,654$2,631,085$9,926,701
84$14,586,080$4,053,037$2,660,547$10,795,626
85$16,013,332$4,191,107$2,689,146$11,749,689
86$17,584,256$4,334,037$2,716,798$12,797,496
87$19,313,449$4,482,003$2,743,409$13,948,533
88$21,216,990$4,635,190$2,768,882$15,213,249
89$23,312,600$4,793,791$2,793,117$16,603,160
90$25,619,803$4,958,006$2,816,005$18,130,952
91$28,160,115$5,128,040$2,837,433$19,810,607
92$30,957,242$5,304,109$2,857,282$21,657,530
93$34,037,308$5,486,437$2,875,428$23,688,696
94$37,429,096$5,675,255$2,891,737$25,922,811
95$41,164,326$5,870,805$2,906,073$28,380,486
96$45,277,949$6,073,337$2,918,289$31,084,435
97$49,808,481$6,283,111$2,928,232$34,059,686
98$54,798,360$6,500,398$2,935,742$37,333,818
99$60,294,354$6,725,478$2,940,650$40,937,223
100$66,347,995$6,958,644$2,942,779$44,903,392