Can I retire at age 62 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$185,803$184,148$182,533$180,957$179,418$174,023
2 years$91,982$90,269$88,608$86,999$85,437$80,048
3 years$60,712$58,991$57,335$55,741$54,205$48,989
4 years$45,080$43,365$41,726$40,158$38,659$33,658
5 years$35,704$33,999$32,381$30,845$29,388$24,614
6 years$29,455$27,762$26,168$24,667$23,254$18,712
7 years$24,993$23,315$21,746$20,280$18,912$14,601
8 years$21,648$19,985$18,442$17,013$15,689$11,608
9 years$19,048$17,401$15,884$14,491$13,212$9,356
10 years$16,969$15,338$13,848$12,491$11,258$7,620
11 years$15,269$13,654$12,192$10,871$9,682$6,257
12 years$13,853$12,255$10,820$9,536$8,390$5,172
13 years$12,657$11,075$9,667$8,418$7,316$4,296
14 years$11,632$10,067$8,686$7,473$6,414$3,584
15 years$10,744$9,197$7,842$6,665$5,647$3,000
16 years$9,968$8,438$7,110$5,967$4,991$2,519
17 years$9,285$7,771$6,470$5,362$4,425$2,119
18 years$8,677$7,181$5,906$4,832$3,935$1,787
19 years$8,135$6,655$5,407$4,366$3,507$1,509
20 years$7,647$6,184$4,962$3,954$3,133$1,276
21 years$7,206$5,760$4,564$3,589$2,803$1,080
22 years$6,806$5,377$4,207$3,263$2,513$915
23 years$6,441$5,029$3,884$2,972$2,256$776
24 years$6,108$4,712$3,592$2,710$2,027$658
25 years$5,801$4,422$3,327$2,475$1,824$559
26 years$5,518$4,156$3,086$2,263$1,643$475
27 years$5,257$3,911$2,865$2,072$1,482$404
28 years$5,015$3,685$2,664$1,898$1,337$343
29 years$4,790$3,477$2,479$1,741$1,207$292
30 years$4,580$3,283$2,309$1,597$1,091$248
31 years$4,384$3,104$2,152$1,467$986$211
32 years$4,201$2,937$2,008$1,348$892$180
33 years$4,029$2,781$1,875$1,240$807$153
34 years$3,868$2,636$1,752$1,141$731$130
35 years$3,716$2,500$1,638$1,050$662$111
36 years$3,574$2,373$1,532$967$600$94
37 years$3,439$2,254$1,434$891$544$80
38 years$3,311$2,142$1,343$821$493$68
39 years$3,190$2,037$1,258$757$447$58
40 years$3,076$1,938$1,179$699$405$50
41 years$2,968$1,845$1,106$644$368$42
42 years$2,865$1,757$1,037$595$334$36
43 years$2,767$1,674$973$549$303$31
44 years$2,673$1,596$914$507$275$26
45 years$2,584$1,522$858$468$250$22
46 years$2,500$1,451$806$432$227$19
47 years$2,419$1,385$757$400$206$16
48 years$2,341$1,322$711$369$187$14
49 years$2,268$1,263$669$341$170$12
50 years$2,197$1,206$629$315$154$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $2,250,000, adding $3,298 every year, while hoping to spend $23,709 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: 33/49/18 Blend
61$2,250,000$2,250,000$2,250,000$2,250,000
62$2,482,902$2,363,652$2,328,777$2,550,878
63$2,710,932$2,454,245$2,381,565$2,692,013
64$2,961,426$2,548,482$2,435,326$2,841,599
65$3,236,651$2,646,517$2,490,069$3,002,314
66$3,539,103$2,748,510$2,545,801$3,175,151
67$3,871,534$2,854,629$2,602,527$3,361,197
68$4,236,973$2,965,048$2,660,254$3,561,646
69$4,638,758$3,079,950$2,718,987$3,777,805
70$5,080,569$3,199,525$2,778,730$4,011,111
71$5,566,457$3,323,972$2,839,488$4,263,142
72$6,100,887$3,453,498$2,901,262$4,535,627
73$6,688,779$3,588,321$2,964,056$4,830,469
74$7,335,552$3,728,666$3,027,869$5,149,753
75$8,047,178$3,874,771$3,092,703$5,495,774
76$8,830,237$4,026,881$3,158,555$5,871,052
77$9,691,979$4,185,256$3,225,424$6,278,355
78$10,640,392$4,350,165$3,293,307$6,720,726
79$11,684,278$4,521,889$3,362,199$7,201,510
80$12,833,335$4,700,722$3,432,093$7,724,383
81$14,098,249$4,886,971$3,502,982$8,293,390
82$15,490,796$5,080,959$3,574,858$8,912,974
83$17,023,950$5,283,019$3,647,709$9,588,025
84$18,712,009$5,493,502$3,721,523$10,323,921
85$20,570,725$5,712,775$3,796,285$11,126,576
86$22,617,459$5,941,221$3,871,980$12,002,496
87$24,871,337$6,179,238$3,948,589$12,958,839
88$27,353,439$6,427,246$4,026,092$14,003,483
89$30,086,989$6,685,680$4,104,465$15,145,094
90$33,097,581$6,954,999$4,183,685$16,393,209
91$36,413,419$7,235,677$4,263,722$17,758,324
92$40,065,578$7,528,216$4,344,547$19,251,992
93$44,088,304$7,833,136$4,426,127$20,886,929
94$48,519,333$8,150,981$4,508,424$22,677,131
95$53,400,249$8,482,323$4,591,400$24,638,007
96$58,776,874$8,827,757$4,675,012$26,786,518
97$64,699,704$9,187,906$4,759,214$29,141,339
98$71,224,382$9,563,422$4,843,955$31,723,032
99$78,412,224$9,954,984$4,929,183$34,554,235
100$86,330,799$10,363,307$5,014,839$37,659,874