Can I retire at age 62 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$218,835$216,885$214,983$213,127$211,315$204,061
2 years$108,334$106,316$104,361$102,465$100,626$93,392
3 years$71,505$69,479$67,528$65,650$63,841$56,854
4 years$53,094$51,074$49,143$47,297$45,532$38,845
5 years$42,051$40,043$38,137$36,329$34,613$28,243
6 years$34,691$32,698$30,821$29,053$27,388$21,341
7 years$29,436$27,460$25,612$23,886$22,274$16,549
8 years$25,496$23,538$21,721$20,037$18,478$13,071
9 years$22,434$20,494$18,708$17,067$15,561$10,465
10 years$19,985$18,065$16,310$14,712$13,259$8,465
11 years$17,983$16,082$14,359$12,804$11,403$6,902
12 years$16,316$14,434$12,744$11,231$9,882$5,662
13 years$14,907$13,044$11,386$9,915$8,617$4,669
14 years$13,699$11,857$10,230$8,801$7,554$3,866
15 years$12,654$10,831$9,236$7,849$6,651$3,211
16 years$11,740$9,938$8,374$7,028$5,878$2,674
17 years$10,935$9,152$7,620$6,315$5,212$2,232
18 years$10,220$8,457$6,956$5,691$4,634$1,866
19 years$9,581$7,838$6,368$5,142$4,131$1,563
20 years$9,007$7,283$5,844$4,657$3,689$1,310
21 years$8,487$6,784$5,376$4,227$3,302$1,100
22 years$8,016$6,333$4,954$3,843$2,959$924
23 years$7,587$5,923$4,575$3,500$2,657$777
24 years$7,193$5,549$4,231$3,192$2,388$653
25 years$6,832$5,208$3,918$2,915$2,149$550
26 years$6,499$4,895$3,634$2,666$1,935$463
27 years$6,192$4,606$3,375$2,440$1,745$390
28 years$5,906$4,341$3,137$2,235$1,575$329
29 years$5,641$4,095$2,919$2,050$1,422$277
30 years$5,394$3,867$2,719$1,881$1,285$233
31 years$5,164$3,656$2,535$1,728$1,161$197
32 years$4,948$3,459$2,365$1,588$1,051$166
33 years$4,746$3,276$2,209$1,460$951$140
34 years$4,556$3,105$2,064$1,344$861$118
35 years$4,377$2,945$1,929$1,237$780$100
36 years$4,209$2,795$1,805$1,139$706$84
37 years$4,050$2,655$1,689$1,050$640$71
38 years$3,900$2,523$1,582$967$580$60
39 years$3,758$2,399$1,482$892$526$50
40 years$3,623$2,282$1,389$823$477$43
41 years$3,495$2,173$1,303$759$433$36
42 years$3,374$2,069$1,222$701$393$30
43 years$3,258$1,971$1,147$647$357$26
44 years$3,149$1,879$1,076$597$324$22
45 years$3,044$1,792$1,011$551$294$18
46 years$2,944$1,710$949$509$267$15
47 years$2,849$1,631$892$471$242$13
48 years$2,758$1,557$838$435$220$11
49 years$2,671$1,487$788$402$200$9
50 years$2,587$1,421$740$371$182$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $2,650,000, adding $5,460 every year, while hoping to spend $31,574 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: 41/35/24 Blend
61$2,650,000$2,650,000$2,650,000$2,650,000
62$2,925,932$2,785,482$2,744,407$3,025,030
63$3,190,783$2,888,376$2,802,750$3,199,572
64$3,481,590$2,995,254$2,861,990$3,384,969
65$3,800,968$3,106,277$2,922,122$3,585,021
66$4,151,796$3,221,614$2,983,143$3,801,090
67$4,537,248$3,341,442$3,045,046$4,034,671
68$4,960,817$3,465,943$3,107,826$4,287,411
69$5,426,355$3,595,309$3,171,473$4,561,117
70$5,938,103$3,729,739$3,235,977$4,857,776
71$6,500,735$3,869,441$3,301,327$5,179,574
72$7,119,399$4,014,633$3,367,511$5,528,913
73$7,799,768$4,165,540$3,434,512$5,908,435
74$8,548,091$4,322,398$3,502,315$6,321,048
75$9,371,255$4,485,454$3,570,902$6,769,947
76$10,276,846$4,654,964$3,640,250$7,258,651
77$11,273,224$4,831,197$3,710,338$7,791,029
78$12,369,598$5,014,432$3,781,140$8,371,339
79$13,576,118$5,204,960$3,852,629$9,004,266
80$14,903,965$5,403,085$3,924,774$9,694,967
81$16,365,459$5,609,126$3,997,544$10,449,117
82$17,974,176$5,823,414$4,070,902$11,272,963
83$19,745,074$6,046,294$4,144,810$12,173,381
84$21,694,637$6,278,127$4,219,226$13,157,940
85$23,841,025$6,519,290$4,294,106$14,234,973
86$26,204,251$6,770,177$4,369,400$15,413,655
87$28,806,367$7,031,198$4,445,057$16,704,088
88$31,671,671$7,302,781$4,521,021$18,117,393
89$34,826,938$7,585,374$4,597,231$19,665,817
90$38,301,672$7,879,444$4,673,625$21,362,846
91$42,128,385$8,185,478$4,750,133$23,223,333
92$46,342,900$8,503,987$4,826,682$25,263,632
93$50,984,694$8,835,500$4,903,195$27,501,755
94$56,097,268$9,180,575$4,979,587$29,957,541
95$61,728,557$9,539,791$5,055,771$32,652,838
96$67,931,382$9,913,754$5,131,652$35,611,711
97$74,763,951$10,303,095$5,207,130$38,860,668
98$82,290,405$10,708,477$5,282,099$42,428,905
99$90,581,423$11,130,589$5,356,447$46,348,583
100$99,714,893$11,570,153$5,430,052$50,655,127