Can I retire at age 62 with 2,600,000?

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$214,706$212,793$210,927$209,106$207,328$200,370
2 years$106,290$104,310$102,392$100,532$98,727$91,787
3 years$70,156$68,168$66,254$64,412$62,637$55,930
4 years$52,093$50,111$48,216$46,405$44,673$38,253
5 years$41,257$39,287$37,418$35,643$33,960$27,842
6 years$34,036$32,081$30,239$28,504$26,871$21,061
7 years$28,880$26,942$25,129$23,435$21,853$16,351
8 years$25,015$23,094$21,311$19,659$18,130$12,929
9 years$22,011$20,107$18,355$16,745$15,268$10,364
10 years$19,608$17,724$16,003$14,434$13,009$8,394
11 years$17,644$15,778$14,088$12,562$11,188$6,853
12 years$16,008$14,162$12,503$11,019$9,695$5,630
13 years$14,625$12,798$11,171$9,728$8,455$4,649
14 years$13,441$11,633$10,037$8,635$7,411$3,854
15 years$12,415$10,627$9,062$7,701$6,525$3,206
16 years$11,519$9,750$8,216$6,896$5,767$2,674
17 years$10,729$8,980$7,476$6,196$5,114$2,235
18 years$10,027$8,298$6,825$5,584$4,547$1,871
19 years$9,400$7,690$6,248$5,045$4,053$1,570
20 years$8,837$7,146$5,734$4,569$3,620$1,318
21 years$8,327$6,656$5,274$4,147$3,239$1,108
22 years$7,865$6,213$4,861$3,771$2,904$932
23 years$7,443$5,811$4,488$3,434$2,606$785
24 years$7,058$5,445$4,151$3,132$2,343$661
25 years$6,703$5,110$3,845$2,860$2,108$557
26 years$6,377$4,802$3,566$2,615$1,899$470
27 years$6,075$4,519$3,311$2,394$1,712$397
28 years$5,795$4,259$3,078$2,193$1,545$335
29 years$5,535$4,018$2,864$2,011$1,395$283
30 years$5,292$3,794$2,668$1,846$1,260$239
31 years$5,066$3,587$2,487$1,695$1,140$201
32 years$4,855$3,394$2,321$1,558$1,031$170
33 years$4,656$3,214$2,167$1,433$933$144
34 years$4,470$3,046$2,025$1,318$845$121
35 years$4,295$2,889$1,893$1,213$765$103
36 years$4,129$2,742$1,771$1,118$693$87
37 years$3,974$2,604$1,657$1,030$628$73
38 years$3,826$2,475$1,552$949$570$62
39 years$3,687$2,354$1,454$875$516$52
40 years$3,555$2,239$1,363$807$468$44
41 years$3,429$2,132$1,278$745$425$37
42 years$3,310$2,030$1,199$687$386$32
43 years$3,197$1,934$1,125$634$350$27
44 years$3,089$1,844$1,056$586$318$23
45 years$2,986$1,758$991$541$288$19
46 years$2,889$1,677$931$500$262$16
47 years$2,795$1,601$875$462$238$14
48 years$2,706$1,528$822$427$216$12
49 years$2,620$1,459$773$394$196$10
50 years$2,539$1,394$726$364$178$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $2,600,000, adding $4,097 every year, while hoping to spend $29,666 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: 50/38/12 Blend
61$2,600,000$2,600,000$2,600,000$2,600,000
62$2,869,426$2,731,626$2,691,326$3,003,402
63$3,130,543$2,833,911$2,749,921$3,197,953
64$3,417,300$2,940,214$2,809,485$3,405,790
65$3,732,280$3,050,701$2,870,018$3,630,969
66$4,078,331$3,165,543$2,931,522$3,875,127
67$4,458,587$3,284,921$2,993,994$4,140,063
68$4,876,504$3,409,023$3,057,434$4,427,756
69$5,335,887$3,538,045$3,121,838$4,740,379
70$5,840,930$3,672,192$3,187,202$5,080,326
71$6,396,252$3,811,676$3,253,520$5,450,225
72$7,006,942$3,956,721$3,320,786$5,852,970
73$7,678,608$4,107,558$3,388,990$6,291,740
74$8,417,429$4,264,431$3,458,124$6,770,037
75$9,230,210$4,427,592$3,528,175$7,291,709
76$10,124,453$4,597,306$3,599,130$7,860,994
77$11,108,421$4,773,847$3,670,974$8,482,553
78$12,191,218$4,957,504$3,743,690$9,161,515
79$13,382,878$5,148,577$3,817,259$9,903,526
80$14,694,453$5,347,379$3,891,660$10,714,798
81$16,138,125$5,554,238$3,966,868$11,602,170
82$17,727,314$5,769,496$4,042,858$12,573,172
83$19,476,807$5,993,509$4,119,601$13,636,088
84$21,402,900$6,226,649$4,197,066$14,800,043
85$23,523,548$6,469,307$4,275,220$16,075,081
86$25,858,534$6,721,887$4,354,024$17,472,261
87$28,429,660$6,984,815$4,433,440$19,003,758
88$31,260,948$7,258,534$4,513,422$20,682,981
89$34,378,869$7,543,506$4,593,926$22,524,693
90$37,812,590$7,840,214$4,674,899$24,545,154
91$41,594,254$8,149,164$4,756,287$26,762,267
92$45,759,277$8,470,883$4,838,033$29,195,752
93$50,346,690$8,805,922$4,920,073$31,867,324
94$55,399,497$9,154,857$5,002,341$34,800,902
95$60,965,090$9,518,290$5,084,763$38,022,829
96$67,095,692$9,896,848$5,167,265$41,562,120
97$73,848,847$10,291,189$5,249,764$45,450,736
98$81,287,971$10,701,998$5,332,172$49,723,881
99$89,482,941$11,129,993$5,414,397$54,420,331
100$98,510,761$11,575,924$5,496,340$59,582,803