Can I retire at age 62 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$154,423$153,047$151,705$150,395$149,116$145,808
2 years$76,447$75,023$73,643$72,306$71,008$67,692
3 years$50,458$49,028$47,652$46,327$45,050$41,830
4 years$37,467$36,041$34,679$33,376$32,130$29,031
5 years$29,674$28,257$26,912$25,636$24,425$21,455
6 years$24,480$23,074$21,749$20,501$19,327$16,489
7 years$20,772$19,377$18,073$16,855$15,718$13,014
8 years$17,992$16,610$15,328$14,139$13,039$10,467
9 years$15,831$14,462$13,202$12,044$10,981$8,539
10 years$14,103$12,747$11,510$10,382$9,356$7,042
11 years$12,690$11,348$10,133$9,035$8,047$5,857
12 years$11,514$10,186$8,993$7,925$6,973$4,905
13 years$10,519$9,205$8,034$6,997$6,081$4,130
14 years$9,667$8,367$7,219$6,211$5,330$3,493
15 years$8,930$7,643$6,518$5,539$4,693$2,965
16 years$8,285$7,013$5,909$4,960$4,148$2,525
17 years$7,716$6,458$5,377$4,456$3,678$2,156
18 years$7,212$5,968$4,909$4,016$3,270$1,845
19 years$6,761$5,531$4,494$3,629$2,915$1,581
20 years$6,356$5,140$4,124$3,286$2,604$1,357
21 years$5,989$4,787$3,793$2,983$2,330$1,167
22 years$5,657$4,469$3,496$2,712$2,088$1,004
23 years$5,354$4,180$3,228$2,470$1,875$865
24 years$5,076$3,916$2,985$2,253$1,685$746
25 years$4,821$3,675$2,765$2,057$1,516$643
26 years$4,586$3,454$2,564$1,881$1,366$555
27 years$4,369$3,251$2,381$1,722$1,231$480
28 years$4,168$3,063$2,214$1,577$1,111$414
29 years$3,981$2,890$2,060$1,447$1,003$358
30 years$3,807$2,729$1,919$1,328$907$310
31 years$3,644$2,580$1,789$1,219$820$268
32 years$3,492$2,441$1,669$1,121$741$232
33 years$3,349$2,312$1,558$1,030$671$201
34 years$3,215$2,191$1,456$948$607$174
35 years$3,089$2,078$1,361$873$550$150
36 years$2,970$1,972$1,274$804$499$130
37 years$2,858$1,873$1,192$741$452$113
38 years$2,752$1,780$1,116$683$410$98
39 years$2,652$1,693$1,046$629$371$85
40 years$2,557$1,611$980$581$337$73
41 years$2,466$1,533$919$536$306$63
42 years$2,381$1,460$862$494$277$55
43 years$2,299$1,391$809$456$252$48
44 years$2,222$1,326$759$421$228$41
45 years$2,148$1,265$713$389$207$36
46 years$2,078$1,206$670$359$188$31
47 years$2,010$1,151$629$332$171$27
48 years$1,946$1,099$591$307$155$23
49 years$1,885$1,049$556$284$141$20
50 years$1,826$1,002$523$262$128$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $1,870,000, adding $2,439 every year, while hoping to spend $28,105 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: 69/19/12 Blend
61$1,870,000$1,870,000$1,870,000$1,870,000
62$2,063,256$1,964,146$1,935,161$2,200,120
63$2,243,804$2,030,485$1,970,085$2,357,673
64$2,441,827$2,099,134$2,005,238$2,526,366
65$2,659,076$2,170,174$2,040,596$2,710,184
66$2,897,483$2,243,693$2,076,137$2,910,608
67$3,159,173$2,319,781$2,111,834$3,129,271
68$3,446,489$2,398,531$2,147,661$3,367,968
69$3,762,011$2,480,040$2,183,588$3,628,679
70$4,108,582$2,564,407$2,219,584$3,913,579
71$4,489,333$2,651,739$2,255,616$4,225,067
72$4,907,714$2,742,143$2,291,647$4,565,783
73$5,367,524$2,835,731$2,327,641$4,938,634
74$5,872,950$2,932,620$2,363,555$5,346,823
75$6,428,604$3,032,932$2,399,348$5,793,875
76$7,039,569$3,136,793$2,434,973$6,283,673
77$7,711,442$3,244,333$2,470,382$6,820,495
78$8,450,392$3,355,688$2,505,523$7,409,052
79$9,263,215$3,471,000$2,540,341$8,054,534
80$10,157,400$3,590,415$2,574,779$8,762,654
81$11,141,194$3,714,086$2,608,774$9,539,711
82$12,223,690$3,842,170$2,642,262$10,392,638
83$13,414,903$3,974,832$2,675,173$11,329,077
84$14,725,867$4,112,243$2,707,436$12,357,443
85$16,168,743$4,254,581$2,738,973$13,487,009
86$17,756,929$4,402,030$2,769,703$14,727,989
87$19,505,187$4,554,781$2,799,539$16,091,636
88$21,429,785$4,713,034$2,828,393$17,590,348
89$23,548,647$4,876,996$2,856,168$19,237,783
90$25,881,523$5,046,883$2,882,763$21,048,990
91$28,450,176$5,222,918$2,908,073$23,040,549
92$31,278,587$5,405,333$2,931,986$25,230,727
93$34,393,180$5,594,372$2,954,385$27,639,650
94$37,823,073$5,790,285$2,975,146$30,289,495
95$41,600,352$5,993,334$2,994,139$33,204,693
96$45,760,372$6,203,792$3,011,226$36,412,167
97$50,342,092$6,421,940$3,026,265$39,941,580
98$55,388,444$6,648,074$3,039,104$43,825,615
99$60,946,736$6,882,500$3,049,584$48,100,284
100$67,069,096$7,125,535$3,057,538$52,805,271