Can I retire at age 62 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$156,900$155,503$154,139$152,808$151,509$148,087
2 years$77,673$76,227$74,825$73,465$72,147$68,718
3 years$51,268$49,815$48,417$47,070$45,773$42,444
4 years$38,068$36,619$35,235$33,911$32,646$29,442
5 years$30,150$28,710$27,344$26,047$24,817$21,747
6 years$24,873$23,444$22,098$20,830$19,637$16,705
7 years$21,105$19,688$18,363$17,126$15,970$13,176
8 years$18,280$16,876$15,574$14,366$13,249$10,592
9 years$16,085$14,694$13,414$12,237$11,157$8,636
10 years$14,329$12,952$11,694$10,548$9,506$7,117
11 years$12,894$11,530$10,295$9,180$8,176$5,916
12 years$11,698$10,349$9,137$8,052$7,085$4,951
13 years$10,688$9,353$8,163$7,109$6,178$4,166
14 years$9,822$8,501$7,335$6,310$5,416$3,521
15 years$9,073$7,766$6,622$5,628$4,769$2,987
16 years$8,418$7,125$6,004$5,039$4,214$2,542
17 years$7,840$6,562$5,463$4,528$3,737$2,168
18 years$7,328$6,064$4,987$4,080$3,323$1,854
19 years$6,869$5,620$4,566$3,687$2,962$1,588
20 years$6,457$5,222$4,190$3,339$2,645$1,362
21 years$6,085$4,864$3,854$3,031$2,367$1,170
22 years$5,747$4,540$3,552$2,755$2,122$1,006
23 years$5,439$4,247$3,280$2,509$1,905$866
24 years$5,157$3,979$3,033$2,289$1,712$746
25 years$4,898$3,734$2,809$2,090$1,541$643
26 years$4,660$3,509$2,606$1,911$1,388$555
27 years$4,439$3,303$2,420$1,749$1,251$479
28 years$4,235$3,112$2,249$1,603$1,129$413
29 years$4,045$2,936$2,093$1,470$1,019$357
30 years$3,868$2,773$1,950$1,349$921$308
31 years$3,702$2,621$1,818$1,239$833$267
32 years$3,548$2,480$1,696$1,139$753$230
33 years$3,403$2,349$1,583$1,047$682$199
34 years$3,266$2,226$1,479$963$617$172
35 years$3,138$2,111$1,383$887$559$149
36 years$3,018$2,004$1,294$817$507$129
37 years$2,904$1,903$1,211$752$459$112
38 years$2,796$1,809$1,134$694$416$97
39 years$2,694$1,720$1,063$640$377$84
40 years$2,598$1,636$996$590$342$72
41 years$2,506$1,558$934$544$311$63
42 years$2,419$1,484$876$502$282$54
43 years$2,336$1,414$822$464$256$47
44 years$2,257$1,347$772$428$232$41
45 years$2,182$1,285$725$395$211$35
46 years$2,111$1,226$681$365$191$30
47 years$2,043$1,170$639$337$174$26
48 years$1,977$1,117$601$312$158$23
49 years$1,915$1,066$565$288$143$20
50 years$1,855$1,019$531$266$130$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $1,900,000, adding $2,088 every year, while hoping to spend $34,841 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: 51/44/5 Blend
61$1,900,000$1,900,000$1,900,000$1,900,000
62$2,095,954$1,995,254$1,965,804$2,200,318
63$2,272,671$2,055,951$1,994,588$2,332,091
64$2,466,245$2,118,454$2,023,168$2,471,297
65$2,678,359$2,182,815$2,051,501$2,621,771
66$2,910,866$2,249,088$2,079,541$2,784,576
67$3,165,808$2,317,327$2,107,239$2,960,882
68$3,445,431$2,387,587$2,134,543$3,151,976
69$3,752,213$2,459,926$2,161,398$3,359,273
70$4,088,880$2,534,404$2,187,746$3,584,330
71$4,458,436$2,611,080$2,213,525$3,828,859
72$4,864,190$2,690,016$2,238,672$4,094,747
73$5,309,787$2,771,277$2,263,118$4,384,068
74$5,799,243$2,854,927$2,286,790$4,699,105
75$6,336,981$2,941,034$2,309,612$5,042,371
76$6,927,874$3,029,666$2,331,505$5,416,632
77$7,577,291$3,120,893$2,352,384$5,824,934
78$8,291,145$3,214,787$2,372,160$6,270,630
79$9,075,953$3,311,423$2,390,738$6,757,411
80$9,938,893$3,410,876$2,408,021$7,289,342
81$10,887,875$3,513,224$2,423,905$7,870,898
82$11,931,613$3,618,546$2,438,280$8,507,008
83$13,079,707$3,726,924$2,451,032$9,203,100
84$14,342,734$3,838,441$2,462,039$9,965,151
85$15,732,351$3,953,182$2,471,175$10,799,744
86$17,261,399$4,071,236$2,478,308$11,714,131
87$18,944,027$4,192,691$2,483,296$12,716,297
88$20,795,824$4,317,640$2,485,993$13,815,040
89$22,833,969$4,446,176$2,486,245$15,020,049
90$25,077,390$4,578,394$2,483,889$16,341,998
91$27,546,941$4,714,393$2,478,758$17,792,645
92$30,265,605$4,854,273$2,470,671$19,384,943
93$33,258,701$4,998,138$2,459,443$21,133,161
94$36,554,132$5,146,090$2,444,879$23,053,018
95$40,182,644$5,298,238$2,426,772$25,161,834
96$44,178,113$5,454,691$2,404,908$27,478,687
97$48,577,870$5,615,561$2,379,062$30,024,599
98$53,423,051$5,780,962$2,348,999$32,822,728
99$58,758,982$5,951,009$2,314,471$35,898,592
100$64,635,613$6,125,823$2,275,220$39,280,302