Can I retire at age 62 with 2,570,000?

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$212,228$210,338$208,493$206,693$204,935$198,534
2 years$105,063$103,107$101,210$99,372$97,588$91,196
3 years$69,347$67,381$65,490$63,668$61,914$55,732
4 years$51,492$49,532$47,660$45,870$44,158$38,232
5 years$40,781$38,834$36,986$35,232$33,568$27,915
6 years$33,644$31,711$29,890$28,175$26,561$21,186
7 years$28,547$26,631$24,839$23,165$21,601$16,504
8 years$24,727$22,828$21,065$19,432$17,920$13,097
9 years$21,757$19,875$18,144$16,552$15,092$10,537
10 years$19,382$17,519$15,818$14,268$12,859$8,566
11 years$17,440$15,596$13,926$12,417$11,059$7,021
12 years$15,824$13,998$12,359$10,892$9,583$5,791
13 years$14,457$12,650$11,042$9,616$8,357$4,801
14 years$13,286$11,499$9,921$8,536$7,326$3,997
15 years$12,272$10,505$8,957$7,612$6,450$3,339
16 years$11,386$9,638$8,121$6,816$5,701$2,797
17 years$10,605$8,876$7,390$6,124$5,055$2,348
18 years$9,912$8,202$6,746$5,519$4,494$1,975
19 years$9,292$7,601$6,176$4,987$4,006$1,664
20 years$8,735$7,064$5,668$4,517$3,578$1,404
21 years$8,231$6,579$5,213$4,099$3,202$1,186
22 years$7,774$6,142$4,805$3,727$2,870$1,002
23 years$7,358$5,744$4,436$3,394$2,576$848
24 years$6,976$5,382$4,103$3,096$2,316$718
25 years$6,626$5,051$3,800$2,827$2,084$608
26 years$6,303$4,747$3,524$2,585$1,877$515
27 years$6,005$4,467$3,273$2,366$1,692$437
28 years$5,728$4,209$3,042$2,168$1,527$370
29 years$5,471$3,971$2,831$1,988$1,379$314
30 years$5,231$3,750$2,637$1,825$1,246$267
31 years$5,008$3,545$2,459$1,676$1,126$226
32 years$4,799$3,355$2,294$1,540$1,019$192
33 years$4,602$3,177$2,142$1,416$922$163
34 years$4,418$3,011$2,001$1,303$835$138
35 years$4,245$2,856$1,871$1,199$756$118
36 years$4,082$2,711$1,750$1,105$685$100
37 years$3,928$2,574$1,638$1,018$621$85
38 years$3,782$2,447$1,534$938$563$72
39 years$3,644$2,327$1,437$865$510$61
40 years$3,514$2,213$1,347$798$463$52
41 years$3,390$2,107$1,263$736$420$44
42 years$3,272$2,007$1,185$679$381$37
43 years$3,160$1,912$1,112$627$346$32
44 years$3,054$1,822$1,044$579$314$27
45 years$2,952$1,738$980$535$285$23
46 years$2,855$1,658$920$494$259$20
47 years$2,763$1,582$865$456$235$17
48 years$2,674$1,510$813$422$213$14
49 years$2,590$1,442$764$390$194$12
50 years$2,509$1,378$718$360$176$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $2,570,000, adding $4,072 every year, while hoping to spend $53,561 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: 72/15/13 Blend
61$2,570,000$2,570,000$2,570,000$2,570,000
62$2,836,340$2,700,130$2,660,295$3,032,398
63$3,068,658$2,775,448$2,692,427$3,238,106
64$3,322,878$2,852,661$2,723,839$3,456,337
65$3,601,176$2,931,807$2,754,453$3,693,874
66$3,905,951$3,012,920$2,784,181$3,952,615
67$4,239,842$3,096,037$2,812,936$4,234,647
68$4,605,759$3,181,195$2,840,622$4,542,272
69$5,006,902$3,268,430$2,867,139$4,878,023
70$5,446,800$3,357,777$2,892,381$5,244,690
71$5,929,337$3,449,271$2,916,239$5,645,346
72$6,458,792$3,542,948$2,938,596$6,083,376
73$7,039,878$3,638,842$2,959,329$6,562,510
74$7,677,787$3,736,987$2,978,308$7,086,854
75$8,378,238$3,837,416$2,995,398$7,660,933
76$9,147,531$3,940,162$3,010,456$8,289,733
77$9,992,604$4,045,255$3,023,332$8,978,743
78$10,921,104$4,152,727$3,033,868$9,734,014
79$11,941,453$4,262,607$3,041,898$10,562,212
80$13,062,928$4,374,922$3,047,249$11,470,678
81$14,295,753$4,489,699$3,049,738$12,467,504
82$15,651,189$4,606,963$3,049,173$13,561,603
83$17,141,643$4,726,737$3,045,353$14,762,798
84$18,780,785$4,849,042$3,038,067$16,081,909
85$20,583,676$4,973,896$3,027,094$17,530,860
86$22,566,912$5,101,317$3,012,202$19,122,789
87$24,748,773$5,231,318$2,993,147$20,872,173
88$27,149,406$5,363,911$2,969,675$22,794,963
89$29,791,005$5,499,102$2,941,519$24,908,734
90$32,698,027$5,636,898$2,908,399$27,232,856
91$35,897,417$5,777,297$2,870,023$29,788,670
92$39,418,868$5,920,299$2,826,082$32,599,692
93$43,295,094$6,065,895$2,776,257$35,691,835
94$47,562,143$6,214,073$2,720,211$39,093,656
95$52,259,736$6,364,817$2,657,593$42,836,620
96$57,431,640$6,518,105$2,588,034$46,955,403
97$63,126,084$6,673,908$2,511,149$51,488,213
98$69,396,207$6,832,192$2,426,535$56,477,156
99$76,300,568$6,992,918$2,333,772$61,968,632
100$83,903,691$7,156,036$2,232,419$68,013,770