Can I retire at age 62 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$157,726$156,321$154,950$153,612$152,306$150,403
2 years$78,082$76,628$75,219$73,852$72,527$70,612
3 years$51,538$50,077$48,671$47,318$46,014$44,147
4 years$38,268$36,812$35,420$34,090$32,818$31,012
5 years$30,308$28,861$27,488$26,184$24,947$23,209
6 years$25,004$23,567$22,214$20,940$19,740$18,071
7 years$21,216$19,792$18,460$17,216$16,054$14,455
8 years$18,377$16,965$15,656$14,442$13,318$11,790
9 years$16,169$14,771$13,484$12,301$11,216$9,756
10 years$14,405$13,020$11,756$10,604$9,557$8,165
11 years$12,962$11,591$10,350$9,228$8,219$6,895
12 years$11,760$10,404$9,185$8,095$7,122$5,864
13 years$10,744$9,402$8,206$7,146$6,211$5,016
14 years$9,874$8,546$7,373$6,344$5,444$4,312
15 years$9,121$7,807$6,657$5,657$4,794$3,721
16 years$8,462$7,163$6,036$5,066$4,237$3,223
17 years$7,882$6,597$5,492$4,551$3,756$2,799
18 years$7,366$6,095$5,014$4,102$3,340$2,437
19 years$6,906$5,649$4,590$3,706$2,977$2,126
20 years$6,491$5,250$4,212$3,357$2,659$1,858
21 years$6,117$4,890$3,874$3,046$2,380$1,627
22 years$5,778$4,564$3,571$2,770$2,133$1,426
23 years$5,468$4,269$3,297$2,523$1,915$1,251
24 years$5,185$4,000$3,049$2,301$1,721$1,099
25 years$4,924$3,754$2,824$2,101$1,549$966
26 years$4,684$3,528$2,619$1,921$1,395$850
27 years$4,463$3,320$2,432$1,759$1,258$749
28 years$4,257$3,128$2,261$1,611$1,135$660
29 years$4,066$2,951$2,104$1,478$1,025$582
30 years$3,888$2,787$1,960$1,356$926$513
31 years$3,722$2,635$1,827$1,245$837$453
32 years$3,566$2,493$1,705$1,145$757$399
33 years$3,421$2,361$1,592$1,052$685$353
34 years$3,284$2,238$1,487$968$620$311
35 years$3,155$2,122$1,391$891$562$275
36 years$3,034$2,014$1,301$821$509$243
37 years$2,919$1,913$1,218$756$461$215
38 years$2,811$1,818$1,140$697$418$190
39 years$2,708$1,729$1,068$643$379$168
40 years$2,611$1,645$1,001$593$344$148
41 years$2,519$1,566$939$547$312$131
42 years$2,432$1,491$881$505$283$116
43 years$2,349$1,421$826$466$257$103
44 years$2,269$1,354$776$430$233$91
45 years$2,194$1,292$728$397$212$80
46 years$2,122$1,232$684$367$192$71
47 years$2,053$1,176$643$339$175$63
48 years$1,988$1,122$604$313$159$56
49 years$1,925$1,072$568$290$144$49
50 years$1,865$1,024$534$268$131$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $1,910,000, adding $4,596 every year, while hoping to spend $40,868 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: 52/36/12 Blend
61$1,910,000$1,910,000$1,910,000$1,910,000
62$2,109,561$2,008,331$1,978,726$2,212,336
63$2,281,253$2,063,256$2,001,530$2,337,895
64$2,469,088$2,119,502$2,023,728$2,469,628
65$2,674,669$2,177,092$2,045,257$2,611,958
66$2,899,762$2,236,046$2,066,050$2,765,896
67$3,146,311$2,296,386$2,086,036$2,932,557
68$3,416,457$2,358,132$2,105,141$3,113,164
69$3,712,560$2,421,304$2,123,287$3,309,069
70$4,037,214$2,485,921$2,140,391$3,521,756
71$4,393,282$2,552,003$2,156,366$3,752,860
72$4,783,913$2,619,568$2,171,120$4,004,183
73$5,212,577$2,688,632$2,184,558$4,277,709
74$5,683,098$2,759,213$2,196,579$4,575,620
75$6,199,685$2,831,325$2,207,075$4,900,323
76$6,766,977$2,904,984$2,215,936$5,254,468
77$7,390,082$2,980,202$2,223,044$5,640,973
78$8,074,630$3,056,992$2,228,275$6,063,051
79$8,826,821$3,135,363$2,231,501$6,524,246
80$9,653,485$3,215,324$2,232,585$7,028,457
81$10,562,149$3,296,883$2,231,384$7,579,982
82$11,561,102$3,380,044$2,227,750$8,183,555
83$12,659,480$3,464,812$2,221,525$8,844,393
84$13,867,345$3,551,185$2,212,544$9,568,243
85$15,195,785$3,639,165$2,200,635$10,361,436
86$16,657,016$3,728,745$2,185,617$11,230,949
87$18,264,498$3,819,919$2,167,301$12,184,468
88$20,033,059$3,912,677$2,145,488$13,230,464
89$21,979,039$4,007,007$2,119,971$14,378,269
90$24,120,442$4,102,891$2,090,530$15,638,165
91$26,477,103$4,200,308$2,056,939$17,021,486
92$29,070,879$4,299,235$2,018,958$18,540,716
93$31,925,854$4,399,643$1,976,338$20,209,614
94$35,068,563$4,501,497$1,928,817$22,043,342
95$38,528,245$4,604,760$1,876,122$24,058,607
96$42,337,120$4,709,387$1,817,966$26,273,820
97$46,530,689$4,815,330$1,754,050$28,709,268
98$51,148,070$4,922,531$1,684,062$31,387,310
99$56,232,368$5,030,930$1,607,673$34,332,581
100$61,831,082$5,140,458$1,524,542$37,572,232