Can I retire at age 62 with 2,500,000?

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$206,448$204,609$202,815$201,063$199,354$195,809
2 years$102,202$100,298$98,454$96,665$94,930$91,372
3 years$67,458$65,546$63,706$61,934$60,228$56,765
4 years$50,089$48,183$46,362$44,620$42,955$39,616
5 years$39,671$37,776$35,979$34,273$32,654$29,447
6 years$32,727$30,847$29,076$27,408$25,838$22,767
7 years$27,770$25,905$24,162$22,534$21,013$18,080
8 years$24,053$22,206$20,492$18,903$17,432$14,636
9 years$21,164$19,334$17,649$16,101$14,680$12,019
10 years$18,854$17,042$15,387$13,879$12,509$9,979
11 years$16,965$15,172$13,547$12,079$10,758$8,358
12 years$15,393$13,617$12,022$10,595$9,322$7,049
13 years$14,063$12,306$10,741$9,354$8,129$5,979
14 years$12,924$11,186$9,651$8,303$7,126$5,095
15 years$11,938$10,218$8,713$7,405$6,274$4,358
16 years$11,076$9,375$7,900$6,630$5,545$3,740
17 years$10,316$8,634$7,189$5,957$4,917$3,218
18 years$9,642$7,978$6,562$5,369$4,372$2,776
19 years$9,039$7,394$6,008$4,851$3,897$2,399
20 years$8,497$6,871$5,513$4,394$3,481$2,076
21 years$8,007$6,400$5,071$3,988$3,115$1,800
22 years$7,562$5,974$4,674$3,626$2,792$1,562
23 years$7,157$5,588$4,316$3,302$2,506$1,357
24 years$6,786$5,235$3,991$3,012$2,253$1,180
25 years$6,445$4,913$3,697$2,750$2,027$1,027
26 years$6,131$4,617$3,428$2,515$1,826$895
27 years$5,841$4,346$3,184$2,302$1,646$780
28 years$5,572$4,095$2,960$2,109$1,485$680
29 years$5,322$3,863$2,754$1,934$1,341$593
30 years$5,089$3,648$2,565$1,775$1,212$517
31 years$4,871$3,449$2,392$1,630$1,096$452
32 years$4,668$3,263$2,231$1,498$991$394
33 years$4,477$3,090$2,084$1,378$897$344
34 years$4,298$2,929$1,947$1,268$812$301
35 years$4,129$2,778$1,820$1,167$736$263
36 years$3,971$2,637$1,703$1,075$666$230
37 years$3,821$2,504$1,594$990$604$201
38 years$3,679$2,380$1,492$913$548$175
39 years$3,545$2,263$1,398$841$497$153
40 years$3,418$2,153$1,310$776$450$134
41 years$3,297$2,050$1,229$716$409$117
42 years$3,183$1,952$1,153$661$371$103
43 years$3,074$1,860$1,082$610$337$90
44 years$2,970$1,773$1,015$563$305$78
45 years$2,872$1,691$953$520$277$69
46 years$2,777$1,613$895$481$252$60
47 years$2,688$1,539$841$444$229$52
48 years$2,602$1,469$791$410$208$46
49 years$2,519$1,403$743$379$189$40
50 years$2,441$1,340$699$350$171$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $2,500,000, adding $3,907 every year, while hoping to spend $23,065 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: 54/41/5 Blend
61$2,500,000$2,500,000$2,500,000$2,500,000
62$2,759,030$2,626,530$2,587,780$2,904,902
63$3,015,910$2,730,689$2,649,930$3,107,971
64$3,298,219$2,839,179$2,713,388$3,325,966
65$3,608,526$2,952,187$2,778,175$3,562,637
66$3,949,662$3,069,910$2,844,310$3,819,752
67$4,324,745$3,192,554$2,911,812$4,099,257
68$4,737,211$3,320,331$2,980,701$4,403,291
69$5,190,847$3,453,467$3,050,994$4,734,202
70$5,689,822$3,592,196$3,122,711$5,094,576
71$6,238,732$3,736,762$3,195,870$5,487,252
72$6,842,640$3,887,420$3,270,489$5,915,354
73$7,507,124$4,044,440$3,346,586$6,382,319
74$8,238,332$4,208,098$3,424,178$6,891,925
75$9,043,036$4,378,689$3,503,282$7,448,329
76$9,928,699$4,556,518$3,583,914$8,056,104
77$10,903,541$4,741,902$3,666,091$8,720,281
78$11,976,625$4,935,178$3,749,827$9,446,396
79$13,157,932$5,136,693$3,835,138$10,240,540
80$14,458,462$5,346,812$3,922,036$11,109,418
81$15,890,337$5,565,918$4,010,536$12,060,408
82$17,466,912$5,794,409$4,100,650$13,101,628
83$19,202,905$6,032,702$4,192,389$14,242,018
84$21,114,531$6,281,234$4,285,764$15,491,415
85$23,219,660$6,540,462$4,380,784$16,860,650
86$25,537,983$6,810,862$4,477,458$18,361,648
87$28,091,197$7,092,934$4,575,793$20,007,534
88$30,903,212$7,387,201$4,675,795$21,812,761
89$34,000,374$7,694,208$4,777,468$23,793,244
90$37,411,715$8,014,527$4,880,816$25,966,505
91$41,169,227$8,348,756$4,985,841$28,351,838
92$45,308,163$8,697,520$5,092,541$30,970,491
93$49,867,370$9,061,472$5,200,915$33,845,862
94$54,889,656$9,441,299$5,310,960$37,003,721
95$60,422,193$9,837,715$5,422,670$40,472,446
96$66,516,964$10,251,470$5,536,036$44,283,292
97$73,231,250$10,683,348$5,651,049$48,470,685
98$80,628,174$11,134,168$5,767,696$53,072,538
99$88,777,296$11,604,791$5,885,962$58,130,614
100$97,755,267$12,096,112$6,005,828$63,690,913