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

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$185,803$184,148$182,533$180,957$179,418$175,868
2 years$91,982$90,269$88,608$86,999$85,437$81,875
3 years$60,712$58,991$57,335$55,741$54,205$50,742
4 years$45,080$43,365$41,726$40,158$38,659$35,323
5 years$35,704$33,999$32,381$30,845$29,388$26,187
6 years$29,455$27,762$26,168$24,667$23,254$20,192
7 years$24,993$23,315$21,746$20,280$18,912$15,990
8 years$21,648$19,985$18,442$17,013$15,689$12,906
9 years$19,048$17,401$15,884$14,491$13,212$10,567
10 years$16,969$15,338$13,848$12,491$11,258$8,747
11 years$15,269$13,654$12,192$10,871$9,682$7,303
12 years$13,853$12,255$10,820$9,536$8,390$6,139
13 years$12,657$11,075$9,667$8,418$7,316$5,190
14 years$11,632$10,067$8,686$7,473$6,414$4,408
15 years$10,744$9,197$7,842$6,665$5,647$3,757
16 years$9,968$8,438$7,110$5,967$4,991$3,213
17 years$9,285$7,771$6,470$5,362$4,425$2,755
18 years$8,677$7,181$5,906$4,832$3,935$2,368
19 years$8,135$6,655$5,407$4,366$3,507$2,038
20 years$7,647$6,184$4,962$3,954$3,133$1,758
21 years$7,206$5,760$4,564$3,589$2,803$1,518
22 years$6,806$5,377$4,207$3,263$2,513$1,312
23 years$6,441$5,029$3,884$2,972$2,256$1,136
24 years$6,108$4,712$3,592$2,710$2,027$984
25 years$5,801$4,422$3,327$2,475$1,824$853
26 years$5,518$4,156$3,086$2,263$1,643$740
27 years$5,257$3,911$2,865$2,072$1,482$642
28 years$5,015$3,685$2,664$1,898$1,337$558
29 years$4,790$3,477$2,479$1,741$1,207$484
30 years$4,580$3,283$2,309$1,597$1,091$421
31 years$4,384$3,104$2,152$1,467$986$366
32 years$4,201$2,937$2,008$1,348$892$318
33 years$4,029$2,781$1,875$1,240$807$277
34 years$3,868$2,636$1,752$1,141$731$241
35 years$3,716$2,500$1,638$1,050$662$209
36 years$3,574$2,373$1,532$967$600$182
37 years$3,439$2,254$1,434$891$544$159
38 years$3,311$2,142$1,343$821$493$138
39 years$3,190$2,037$1,258$757$447$120
40 years$3,076$1,938$1,179$699$405$105
41 years$2,968$1,845$1,106$644$368$91
42 years$2,865$1,757$1,037$595$334$79
43 years$2,767$1,674$973$549$303$69
44 years$2,673$1,596$914$507$275$60
45 years$2,584$1,522$858$468$250$52
46 years$2,500$1,451$806$432$227$46
47 years$2,419$1,385$757$400$206$40
48 years$2,341$1,322$711$369$187$35
49 years$2,268$1,263$669$341$170$30
50 years$2,197$1,206$629$315$154$26

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 $5,858 every year, while hoping to spend $55,216 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: 58/27/15 Blend
61$2,250,000$2,250,000$2,250,000$2,250,000
62$2,485,543$2,366,293$2,331,418$2,619,825
63$2,680,318$2,423,491$2,350,771$2,768,534
64$2,893,111$2,481,643$2,368,921$2,923,970
65$3,125,699$2,540,734$2,385,771$3,092,127
66$3,380,043$2,600,752$2,401,217$3,274,239
67$3,658,298$2,661,680$2,415,149$3,471,663
68$3,962,841$2,723,498$2,427,452$3,685,892
69$4,296,285$2,786,185$2,438,007$3,918,575
70$4,661,512$2,849,714$2,446,686$4,171,525
71$5,061,693$2,914,056$2,453,356$4,446,740
72$5,500,320$2,979,180$2,457,878$4,746,423
73$5,981,241$3,045,048$2,460,106$5,072,999
74$6,508,693$3,111,620$2,459,884$5,429,141
75$7,087,341$3,178,851$2,457,052$5,817,794
76$7,722,327$3,246,692$2,451,440$6,242,204
77$8,419,312$3,315,087$2,442,871$6,705,946
78$9,184,532$3,383,976$2,431,157$7,212,961
79$10,024,858$3,453,295$2,416,104$7,767,592
80$10,947,857$3,522,970$2,397,508$8,374,622
81$11,961,867$3,592,924$2,375,153$9,039,327
82$13,076,072$3,663,072$2,348,815$9,767,518
83$14,300,590$3,733,321$2,318,259$10,565,598
84$15,646,567$3,803,571$2,283,238$11,440,628
85$17,126,285$3,873,714$2,243,494$12,400,384
86$18,753,272$3,943,632$2,198,758$13,453,440
87$20,542,436$4,013,200$2,148,746$14,609,245
88$22,510,199$4,082,281$2,093,163$15,878,211
89$24,674,655$4,150,729$2,031,700$17,271,814
90$27,055,740$4,218,386$1,964,033$18,802,702
91$29,675,421$4,285,082$1,889,823$20,484,814
92$32,557,900$4,350,636$1,808,718$22,333,514
93$35,729,842$4,414,854$1,720,346$24,365,734
94$39,220,630$4,477,526$1,624,322$26,600,133
95$43,062,638$4,538,428$1,520,240$29,057,280
96$47,291,538$4,597,322$1,407,680$31,759,841
97$51,946,636$4,653,952$1,286,198$34,732,799
98$57,071,242$4,708,045$1,155,335$38,003,687
99$62,713,079$4,759,309$1,014,608$41,602,851
100$68,924,730$4,807,433$863,515$45,563,735