Can I retire at age 62 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$174,242$172,690$171,176$169,698$168,254$162,349
2 years$86,258$84,652$83,095$81,585$80,121$74,234
3 years$56,934$55,321$53,768$52,273$50,832$45,148
4 years$42,275$40,667$39,129$37,659$36,254$30,816
5 years$33,482$31,883$30,366$28,926$27,560$22,382
6 years$27,622$26,035$24,540$23,132$21,807$16,894
7 years$23,438$21,864$20,393$19,018$17,735$13,085
8 years$20,301$18,742$17,295$15,954$14,713$10,323
9 years$17,862$16,318$14,896$13,589$12,390$8,254
10 years$15,913$14,383$12,987$11,714$10,557$6,668
11 years$14,319$12,805$11,433$10,195$9,080$5,430
12 years$12,991$11,493$10,147$8,942$7,868$4,449
13 years$11,869$10,386$9,065$7,895$6,861$3,664
14 years$10,908$9,441$8,145$7,008$6,014$3,029
15 years$10,076$8,624$7,354$6,250$5,296$2,512
16 years$9,348$7,913$6,668$5,596$4,680$2,089
17 years$8,707$7,287$6,067$5,028$4,150$1,741
18 years$8,137$6,734$5,539$4,531$3,690$1,454
19 years$7,629$6,241$5,070$4,094$3,289$1,216
20 years$7,171$5,799$4,653$3,708$2,938$1,018
21 years$6,758$5,402$4,280$3,365$2,629$853
22 years$6,383$5,042$3,945$3,060$2,356$715
23 years$6,041$4,716$3,642$2,787$2,115$600
24 years$5,728$4,419$3,369$2,542$1,901$504
25 years$5,440$4,147$3,120$2,321$1,711$424
26 years$5,175$3,897$2,894$2,122$1,541$356
27 years$4,930$3,668$2,687$1,943$1,389$299
28 years$4,703$3,456$2,498$1,780$1,254$252
29 years$4,492$3,260$2,324$1,632$1,132$212
30 years$4,295$3,079$2,165$1,498$1,023$178
31 years$4,111$2,911$2,019$1,376$925$150
32 years$3,940$2,754$1,883$1,264$837$126
33 years$3,779$2,608$1,758$1,163$757$106
34 years$3,627$2,472$1,643$1,070$685$90
35 years$3,485$2,345$1,536$985$621$75
36 years$3,351$2,225$1,437$907$562$64
37 years$3,225$2,114$1,345$836$510$54
38 years$3,105$2,009$1,260$770$462$45
39 years$2,992$1,910$1,180$710$419$38
40 years$2,885$1,817$1,106$655$380$32
41 years$2,783$1,730$1,037$604$345$27
42 years$2,686$1,647$973$558$313$23
43 years$2,594$1,570$913$515$284$19
44 years$2,507$1,496$857$475$258$16
45 years$2,424$1,427$805$439$234$14
46 years$2,344$1,361$756$406$212$11
47 years$2,268$1,299$710$375$193$10
48 years$2,196$1,240$667$346$175$8
49 years$2,126$1,184$627$320$159$7
50 years$2,060$1,131$590$296$145$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $2,110,000, adding $5,197 every year, while hoping to spend $45,375 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: 76/15/9 Blend
61$2,110,000$2,110,000$2,110,000$2,110,000
62$2,330,581$2,218,751$2,186,046$2,503,892
63$2,520,021$2,279,191$2,211,000$2,679,098
64$2,727,264$2,341,072$2,235,269$2,864,796
65$2,954,077$2,404,416$2,258,782$3,067,048
66$3,202,406$2,469,246$2,281,465$3,287,483
67$3,474,397$2,535,584$2,303,239$3,527,890
68$3,772,408$2,603,451$2,324,020$3,790,244
69$4,099,041$2,672,867$2,343,722$4,076,717
70$4,457,159$2,743,853$2,362,252$4,389,701
71$4,849,915$2,816,428$2,379,514$4,731,834
72$5,280,783$2,890,610$2,395,404$5,106,016
73$5,753,589$2,966,416$2,409,817$5,515,446
74$6,272,548$3,043,863$2,422,638$5,963,646
75$6,842,301$3,122,966$2,433,750$6,454,494
76$7,467,963$3,203,738$2,443,028$6,992,265
77$8,155,167$3,286,193$2,450,341$7,581,666
78$8,910,117$3,370,340$2,455,551$8,227,884
79$9,739,651$3,456,188$2,458,513$8,936,632
80$10,651,300$3,543,745$2,459,078$9,714,204
81$11,653,360$3,633,016$2,457,084$10,567,538
82$12,754,972$3,724,004$2,452,366$11,504,272
83$13,966,207$3,816,708$2,444,749$12,532,825
84$15,298,161$3,911,127$2,434,048$13,662,473
85$16,763,057$4,007,256$2,420,072$14,903,435
86$18,374,363$4,105,086$2,402,620$16,266,971
87$20,146,920$4,204,607$2,381,479$17,765,488
88$22,097,075$4,305,803$2,356,428$19,412,657
89$24,242,845$4,408,655$2,327,236$21,223,540
90$26,604,077$4,513,140$2,293,660$23,214,736
91$29,202,641$4,619,232$2,255,446$25,404,533
92$32,062,634$4,726,899$2,212,327$27,813,084
93$35,210,608$4,836,102$2,164,026$30,462,595
94$38,675,820$4,946,801$2,110,251$33,377,534
95$42,490,506$5,058,947$2,050,696$36,584,866
96$46,690,187$5,172,484$1,985,044$40,114,302
97$51,314,003$5,287,353$1,912,960$43,998,582
98$56,405,084$5,403,486$1,834,096$48,273,785
99$62,010,951$5,520,805$1,748,088$52,979,668
100$68,183,973$5,639,229$1,654,553$58,160,039