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

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$206,448$204,609$202,815$201,063$199,354$198,180
2 years$102,202$100,298$98,454$96,665$94,930$93,747
3 years$67,458$65,546$63,706$61,934$60,228$59,070
4 years$50,089$48,183$46,362$44,620$42,955$41,833
5 years$39,671$37,776$35,979$34,273$32,654$31,570
6 years$32,727$30,847$29,076$27,408$25,838$24,794
7 years$27,770$25,905$24,162$22,534$21,013$20,009
8 years$24,053$22,206$20,492$18,903$17,432$16,469
9 years$21,164$19,334$17,649$16,101$14,680$13,757
10 years$18,854$17,042$15,387$13,879$12,509$11,625
11 years$16,965$15,172$13,547$12,079$10,758$9,914
12 years$15,393$13,617$12,022$10,595$9,322$8,517
13 years$14,063$12,306$10,741$9,354$8,129$7,361
14 years$12,924$11,186$9,651$8,303$7,126$6,395
15 years$11,938$10,218$8,713$7,405$6,274$5,579
16 years$11,076$9,375$7,900$6,630$5,545$4,884
17 years$10,316$8,634$7,189$5,957$4,917$4,290
18 years$9,642$7,978$6,562$5,369$4,372$3,777
19 years$9,039$7,394$6,008$4,851$3,897$3,334
20 years$8,497$6,871$5,513$4,394$3,481$2,948
21 years$8,007$6,400$5,071$3,988$3,115$2,611
22 years$7,562$5,974$4,674$3,626$2,792$2,317
23 years$7,157$5,588$4,316$3,302$2,506$2,058
24 years$6,786$5,235$3,991$3,012$2,253$1,830
25 years$6,445$4,913$3,697$2,750$2,027$1,630
26 years$6,131$4,617$3,428$2,515$1,826$1,452
27 years$5,841$4,346$3,184$2,302$1,646$1,295
28 years$5,572$4,095$2,960$2,109$1,485$1,156
29 years$5,322$3,863$2,754$1,934$1,341$1,032
30 years$5,089$3,648$2,565$1,775$1,212$922
31 years$4,871$3,449$2,392$1,630$1,096$824
32 years$4,668$3,263$2,231$1,498$991$737
33 years$4,477$3,090$2,084$1,378$897$660
34 years$4,298$2,929$1,947$1,268$812$590
35 years$4,129$2,778$1,820$1,167$736$528
36 years$3,971$2,637$1,703$1,075$666$473
37 years$3,821$2,504$1,594$990$604$424
38 years$3,679$2,380$1,492$913$548$380
39 years$3,545$2,263$1,398$841$497$340
40 years$3,418$2,153$1,310$776$450$305
41 years$3,297$2,050$1,229$716$409$273
42 years$3,183$1,952$1,153$661$371$245
43 years$3,074$1,860$1,082$610$337$220
44 years$2,970$1,773$1,015$563$305$197
45 years$2,872$1,691$953$520$277$177
46 years$2,777$1,613$895$481$252$159
47 years$2,688$1,539$841$444$229$142
48 years$2,602$1,469$791$410$208$128
49 years$2,519$1,403$743$379$189$114
50 years$2,441$1,340$699$350$171$103

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 $5,150 every year, while hoping to spend $44,039 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: 44/48/8 Blend
61$2,500,000$2,500,000$2,500,000$2,500,000
62$2,760,312$2,627,812$2,589,062$2,875,262
63$2,995,007$2,709,718$2,628,939$3,037,307
64$3,252,164$2,794,161$2,668,675$3,207,907
65$3,534,030$2,881,219$2,708,220$3,391,791
66$3,843,075$2,970,973$2,747,519$3,590,194
67$4,182,022$3,063,504$2,786,515$3,804,474
68$4,553,871$3,158,899$2,825,146$4,036,122
69$4,961,926$3,257,245$2,863,348$4,286,780
70$5,409,824$3,358,631$2,901,052$4,558,250
71$5,901,573$3,463,152$2,938,185$4,852,519
72$6,441,590$3,570,902$2,974,670$5,171,768
73$7,034,737$3,681,981$3,010,426$5,518,398
74$7,686,372$3,796,490$3,045,368$5,895,053
75$8,402,398$3,914,535$3,079,403$6,304,639
76$9,189,317$4,036,221$3,112,438$6,750,355
77$10,054,293$4,161,662$3,144,370$7,235,724
78$11,005,218$4,290,970$3,175,094$7,764,620
79$12,050,787$4,424,264$3,204,496$8,341,309
80$13,200,580$4,561,666$3,232,459$8,970,489
81$14,465,150$4,703,299$3,258,858$9,657,330
82$15,856,128$4,849,293$3,283,562$10,407,524
83$17,386,324$4,999,779$3,306,433$11,227,339
84$19,069,856$5,154,896$3,327,325$12,123,676
85$20,922,278$5,314,781$3,346,086$13,104,136
86$22,960,726$5,479,581$3,362,556$14,177,088
87$25,204,083$5,649,444$3,376,565$15,351,749
88$27,673,156$5,824,524$3,387,937$16,638,271
89$30,390,869$6,004,977$3,396,484$18,047,832
90$33,382,484$6,190,966$3,402,012$19,592,747
91$36,675,833$6,382,659$3,404,315$21,286,580
92$40,301,586$6,580,228$3,403,178$23,144,271
93$44,293,538$6,783,849$3,398,374$25,182,277
94$48,688,926$6,993,705$3,389,667$27,418,726
95$53,528,784$7,209,984$3,376,808$29,873,588
96$58,858,325$7,432,878$3,359,536$32,568,862
97$64,727,372$7,662,587$3,337,579$35,528,785
98$71,190,825$7,899,315$3,310,648$38,780,056
99$78,309,179$8,143,272$3,278,446$42,352,089
100$86,149,098$8,394,674$3,240,656$46,277,291