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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.1%
1 years$173,416$171,871$170,364$168,893$167,457$161,323
2 years$85,850$84,251$82,701$81,199$79,741$73,630
3 years$56,665$55,059$53,513$52,025$50,591$44,694
4 years$42,075$40,474$38,944$37,481$36,082$30,445
5 years$33,323$31,732$30,222$28,789$27,429$22,066
6 years$27,491$25,912$24,424$23,023$21,704$16,619
7 years$23,327$21,761$20,296$18,928$17,651$12,843
8 years$20,205$18,653$17,213$15,878$14,643$10,107
9 years$17,778$16,241$14,825$13,525$12,332$8,062
10 years$15,837$14,315$12,925$11,659$10,507$6,497
11 years$14,251$12,744$11,379$10,146$9,037$5,277
12 years$12,930$11,438$10,099$8,900$7,831$4,312
13 years$11,813$10,337$9,023$7,857$6,829$3,541
14 years$10,856$9,396$8,107$6,975$5,986$2,919
15 years$10,028$8,583$7,319$6,220$5,271$2,414
16 years$9,304$7,875$6,636$5,570$4,658$2,002
17 years$8,666$7,253$6,039$5,004$4,130$1,664
18 years$8,099$6,702$5,512$4,510$3,672$1,385
19 years$7,592$6,211$5,046$4,075$3,273$1,154
20 years$7,137$5,772$4,631$3,691$2,924$964
21 years$6,726$5,376$4,260$3,350$2,616$805
22 years$6,352$5,018$3,926$3,045$2,345$673
23 years$6,012$4,694$3,625$2,774$2,105$563
24 years$5,700$4,398$3,353$2,530$1,892$471
25 years$5,414$4,127$3,105$2,310$1,703$395
26 years$5,150$3,879$2,880$2,112$1,534$331
27 years$4,906$3,650$2,674$1,934$1,383$277
28 years$4,680$3,440$2,486$1,772$1,248$233
29 years$4,470$3,245$2,313$1,625$1,127$195
30 years$4,275$3,064$2,155$1,491$1,018$164
31 years$4,092$2,897$2,009$1,369$920$137
32 years$3,921$2,741$1,874$1,258$833$115
33 years$3,761$2,596$1,750$1,157$753$97
34 years$3,610$2,460$1,635$1,065$682$81
35 years$3,469$2,334$1,529$980$618$68
36 years$3,335$2,215$1,430$903$560$57
37 years$3,209$2,104$1,339$832$507$48
38 years$3,090$1,999$1,254$767$460$40
39 years$2,978$1,901$1,174$707$417$34
40 years$2,871$1,809$1,101$652$378$28
41 years$2,770$1,722$1,032$602$343$24
42 years$2,674$1,640$968$555$311$20
43 years$2,582$1,562$909$512$283$17
44 years$2,495$1,489$853$473$257$14
45 years$2,412$1,420$801$437$233$12
46 years$2,333$1,355$752$404$211$10
47 years$2,258$1,293$707$373$192$8
48 years$2,185$1,234$664$345$174$7
49 years$2,116$1,179$624$318$158$6
50 years$2,050$1,126$587$294$144$5

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 $2,249 every year, while hoping to spend $59,257 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: 43/50/7 Blend
61$2,100,000$2,100,000$2,100,000$2,100,000
62$2,316,520$2,205,220$2,172,670$2,411,362
63$2,489,756$2,250,227$2,182,405$2,522,384
64$2,678,676$2,295,453$2,190,481$2,636,351
65$2,884,817$2,340,846$2,196,778$2,758,442
66$3,109,872$2,386,351$2,201,174$2,889,421
67$3,355,702$2,431,906$2,203,536$3,030,129
68$3,624,359$2,477,444$2,203,730$3,181,493
69$3,918,100$2,522,895$2,201,611$3,344,534
70$4,239,410$2,568,181$2,197,029$3,520,380
71$4,591,026$2,613,218$2,189,825$3,710,272
72$4,975,961$2,657,916$2,179,835$3,915,579
73$5,397,534$2,702,179$2,166,885$4,137,811
74$5,859,400$2,745,903$2,150,793$4,378,631
75$6,365,583$2,788,976$2,131,368$4,639,875
76$6,920,514$2,831,278$2,108,411$4,923,565
77$7,529,076$2,872,681$2,081,713$5,231,932
78$8,196,646$2,913,046$2,051,054$5,567,437
79$8,929,146$2,952,227$2,016,206$5,932,792
80$9,733,098$2,990,065$1,976,928$6,330,988
81$10,615,688$3,026,393$1,932,970$6,765,324
82$11,584,832$3,061,030$1,884,068$7,239,438
83$12,649,249$3,093,784$1,829,948$7,757,339
84$13,818,542$3,124,450$1,770,322$8,323,453
85$15,103,295$3,152,809$1,704,889$8,942,656
86$16,515,163$3,178,629$1,633,335$9,620,327
87$18,066,989$3,201,661$1,555,330$10,362,399
88$19,772,920$3,221,640$1,470,532$11,175,411
89$21,648,544$3,238,286$1,378,581$12,066,578
90$23,711,033$3,251,300$1,279,101$13,043,852
91$25,979,307$3,260,363$1,171,700$14,116,005
92$28,474,213$3,265,137$1,055,968$15,292,707
93$31,218,717$3,265,263$931,478$16,584,623
94$34,238,125$3,260,360$797,781$18,003,511
95$37,560,318$3,250,022$654,411$19,562,338
96$41,216,016$3,233,819$500,879$21,275,401
97$45,239,069$3,211,295$336,678$23,158,463
98$49,666,773$3,181,967$161,276$25,228,906
99$54,540,222$3,145,322$0$27,505,893
100$59,904,697$3,100,815$0$30,012,491