Can I retire at age 62 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$173,416$171,871$170,364$168,893$167,457$166,611
2 years$85,850$84,251$82,701$81,199$79,741$78,888
3 years$56,665$55,059$53,513$52,025$50,591$49,756
4 years$42,075$40,474$38,944$37,481$36,082$35,272
5 years$33,323$31,732$30,222$28,789$27,429$26,647
6 years$27,491$25,912$24,424$23,023$21,704$20,950
7 years$23,327$21,761$20,296$18,928$17,651$16,926
8 years$20,205$18,653$17,213$15,878$14,643$13,947
9 years$17,778$16,241$14,825$13,525$12,332$11,664
10 years$15,837$14,315$12,925$11,659$10,507$9,868
11 years$14,251$12,744$11,379$10,146$9,037$8,425
12 years$12,930$11,438$10,099$8,900$7,831$7,247
13 years$11,813$10,337$9,023$7,857$6,829$6,272
14 years$10,856$9,396$8,107$6,975$5,986$5,456
15 years$10,028$8,583$7,319$6,220$5,271$4,766
16 years$9,304$7,875$6,636$5,570$4,658$4,178
17 years$8,666$7,253$6,039$5,004$4,130$3,675
18 years$8,099$6,702$5,512$4,510$3,672$3,240
19 years$7,592$6,211$5,046$4,075$3,273$2,864
20 years$7,137$5,772$4,631$3,691$2,924$2,536
21 years$6,726$5,376$4,260$3,350$2,616$2,250
22 years$6,352$5,018$3,926$3,045$2,345$1,999
23 years$6,012$4,694$3,625$2,774$2,105$1,778
24 years$5,700$4,398$3,353$2,530$1,892$1,584
25 years$5,414$4,127$3,105$2,310$1,703$1,413
26 years$5,150$3,879$2,880$2,112$1,534$1,261
27 years$4,906$3,650$2,674$1,934$1,383$1,126
28 years$4,680$3,440$2,486$1,772$1,248$1,006
29 years$4,470$3,245$2,313$1,625$1,127$900
30 years$4,275$3,064$2,155$1,491$1,018$806
31 years$4,092$2,897$2,009$1,369$920$721
32 years$3,921$2,741$1,874$1,258$833$646
33 years$3,761$2,596$1,750$1,157$753$579
34 years$3,610$2,460$1,635$1,065$682$519
35 years$3,469$2,334$1,529$980$618$466
36 years$3,335$2,215$1,430$903$560$418
37 years$3,209$2,104$1,339$832$507$375
38 years$3,090$1,999$1,254$767$460$336
39 years$2,978$1,901$1,174$707$417$302
40 years$2,871$1,809$1,101$652$378$271
41 years$2,770$1,722$1,032$602$343$243
42 years$2,674$1,640$968$555$311$219
43 years$2,582$1,562$909$512$283$196
44 years$2,495$1,489$853$473$257$176
45 years$2,412$1,420$801$437$233$158
46 years$2,333$1,355$752$404$211$142
47 years$2,258$1,293$707$373$192$128
48 years$2,185$1,234$664$345$174$115
49 years$2,116$1,179$624$318$158$103
50 years$2,050$1,126$587$294$144$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $2,100,000, adding $3,893 every year, while hoping to spend $23,355 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: 65/14/21 Blend
61$2,100,000$2,100,000$2,100,000$2,100,000
62$2,318,216$2,206,916$2,174,366$2,456,237
63$2,529,824$2,290,205$2,222,357$2,632,775
64$2,762,234$2,376,793$2,271,174$2,822,624
65$3,017,542$2,466,816$2,320,819$3,029,561
66$3,298,059$2,560,417$2,371,293$3,255,263
67$3,606,329$2,657,746$2,422,600$3,501,575
68$3,945,157$2,758,958$2,474,739$3,770,529
69$4,317,631$2,864,215$2,527,711$4,064,360
70$4,727,155$2,973,687$2,581,515$4,385,532
71$5,177,477$3,087,550$2,636,148$4,736,755
72$5,672,729$3,205,990$2,691,609$5,121,015
73$6,217,462$3,329,198$2,747,893$5,541,601
74$6,816,691$3,457,376$2,804,994$6,002,131
75$7,475,940$3,590,734$2,862,908$6,506,593
76$8,201,296$3,729,490$2,921,626$7,059,379
77$8,999,468$3,873,874$2,981,140$7,665,324
78$9,877,844$4,024,125$3,041,439$8,329,755
79$10,844,569$4,180,492$3,102,511$9,058,538
80$11,908,614$4,343,234$3,164,344$9,858,137
81$13,079,865$4,512,626$3,226,922$10,735,669
82$14,369,215$4,688,949$3,290,229$11,698,975
83$15,788,669$4,872,501$3,354,245$12,756,693
84$17,351,451$5,063,591$3,418,950$13,918,338
85$19,072,136$5,262,544$3,484,322$15,194,390
86$20,966,782$5,469,697$3,550,335$16,596,399
87$23,053,084$5,685,402$3,616,961$18,137,084
88$25,350,541$5,910,030$3,684,172$19,830,461
89$27,880,640$6,143,964$3,751,935$21,691,969
90$30,667,055$6,387,609$3,820,215$23,738,620
91$33,735,876$6,641,383$3,888,974$25,989,154
92$37,115,852$6,905,727$3,958,171$28,464,220
93$40,838,661$7,181,100$4,027,762$31,186,567
94$44,939,211$7,467,981$4,097,699$34,181,261
95$49,455,971$7,766,872$4,167,932$37,475,918
96$54,431,328$8,078,297$4,238,406$41,100,967
97$59,911,994$8,402,804$4,309,062$45,089,934
98$65,949,440$8,740,964$4,379,839$49,479,761
99$72,600,388$9,093,377$4,450,669$54,311,149
100$79,927,343$9,460,667$4,521,481$59,628,947