Can I retire at age 62 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$222,963$220,977$219,040$217,149$215,302$213,409
2 years$110,378$108,322$106,330$104,398$102,525$100,617
3 years$72,854$70,790$68,803$66,889$65,046$63,183
4 years$54,096$52,038$50,071$48,190$46,391$44,587
5 years$42,844$40,798$38,857$37,014$35,266$33,526
6 years$35,345$33,315$31,402$29,601$27,905$26,231
7 years$29,991$27,978$26,095$24,336$22,694$21,088
8 years$25,977$23,982$22,131$20,415$18,827$17,288
9 years$22,857$20,881$19,061$17,389$15,855$14,382
10 years$20,362$18,405$16,618$14,990$13,509$12,102
11 years$18,323$16,385$14,630$13,045$11,618$10,276
12 years$16,624$14,707$12,984$11,443$10,068$8,789
13 years$15,188$13,290$11,600$10,102$8,780$7,563
14 years$13,958$12,081$10,423$8,968$7,696$6,540
15 years$12,893$11,036$9,411$7,997$6,776$5,679
16 years$11,962$10,125$8,532$7,161$5,989$4,948
17 years$11,141$9,325$7,764$6,434$5,310$4,325
18 years$10,413$8,617$7,087$5,798$4,722$3,789
19 years$9,762$7,986$6,488$5,239$4,208$3,328
20 years$9,176$7,421$5,954$4,745$3,759$2,928
21 years$8,648$6,912$5,477$4,307$3,364$2,580
22 years$8,167$6,452$5,048$3,916$3,015$2,277
23 years$7,730$6,035$4,661$3,566$2,707$2,012
24 years$7,329$5,654$4,310$3,252$2,433$1,780
25 years$6,961$5,306$3,992$2,970$2,189$1,576
26 years$6,622$4,987$3,703$2,716$1,972$1,397
27 years$6,308$4,693$3,438$2,486$1,778$1,239
28 years$6,018$4,422$3,196$2,278$1,604$1,099
29 years$5,748$4,172$2,974$2,089$1,449$976
30 years$5,496$3,940$2,771$1,917$1,309$867
31 years$5,261$3,725$2,583$1,760$1,183$771
32 years$5,041$3,524$2,410$1,618$1,070$685
33 years$4,835$3,338$2,250$1,488$969$610
34 years$4,642$3,163$2,102$1,369$877$543
35 years$4,460$3,000$1,966$1,260$794$483
36 years$4,288$2,848$1,839$1,161$720$430
37 years$4,126$2,705$1,721$1,069$652$383
38 years$3,973$2,570$1,612$986$591$341
39 years$3,829$2,444$1,510$909$536$304
40 years$3,691$2,325$1,415$838$486$271
41 years$3,561$2,214$1,327$773$441$241
42 years$3,437$2,108$1,245$714$400$215
43 years$3,320$2,009$1,168$659$363$191
44 years$3,208$1,915$1,097$608$330$171
45 years$3,101$1,826$1,030$562$299$152
46 years$3,000$1,742$967$519$272$136
47 years$2,903$1,662$909$479$247$121
48 years$2,810$1,587$854$443$224$108
49 years$2,721$1,515$802$409$204$96
50 years$2,636$1,447$754$378$185$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $2,700,000, adding $6,498 every year, while hoping to spend $49,171 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: 52/38/10 Blend
61$2,700,000$2,700,000$2,700,000$2,700,000
62$2,982,103$2,839,003$2,797,153$3,129,130
63$3,233,960$2,925,796$2,838,540$3,316,757
64$3,509,858$3,015,195$2,879,665$3,514,867
65$3,812,198$3,107,274$2,920,469$3,729,169
66$4,143,623$3,202,111$2,960,885$3,961,202
67$4,507,045$3,299,787$3,000,847$4,212,658
68$4,905,670$3,400,383$3,040,282$4,485,402
69$5,343,031$3,503,984$3,079,114$4,781,482
70$5,823,017$3,610,677$3,117,262$5,103,155
71$6,349,915$3,720,550$3,154,639$5,452,902
72$6,928,444$3,833,694$3,191,157$5,833,456
73$7,563,804$3,950,204$3,226,720$6,247,825
74$8,261,723$4,070,175$3,261,227$6,699,319
75$9,028,513$4,193,708$3,294,572$7,191,582
76$9,871,124$4,320,902$3,326,642$7,728,628
77$10,797,214$4,451,862$3,357,321$8,314,874
78$11,815,222$4,586,696$3,386,483$8,955,186
79$12,934,443$4,725,512$3,413,999$9,654,919
80$14,165,117$4,868,423$3,439,729$10,419,974
81$15,518,528$5,015,545$3,463,528$11,256,848
82$17,007,107$5,166,995$3,485,246$12,172,695
83$18,644,550$5,322,896$3,504,719$13,175,396
84$20,445,948$5,483,372$3,521,781$14,273,631
85$22,427,927$5,648,550$3,536,254$15,476,960
86$24,608,808$5,818,561$3,547,950$16,795,915
87$27,008,776$5,993,539$3,556,676$18,242,097
88$29,650,071$6,173,623$3,562,224$19,828,283
89$32,557,200$6,358,952$3,564,381$21,568,551
90$35,757,164$6,549,671$3,562,918$23,478,409
91$39,279,718$6,745,928$3,557,599$25,574,942
92$43,157,645$6,947,874$3,548,174$27,876,969
93$47,427,070$7,155,665$3,534,383$30,405,228
94$52,127,797$7,369,459$3,515,950$33,182,564
95$57,303,688$7,589,418$3,492,591$36,234,146
96$63,003,074$7,815,709$3,464,002$39,587,705
97$69,279,212$8,048,503$3,429,870$43,273,795
98$76,190,784$8,287,972$3,389,864$47,326,081
99$83,802,458$8,534,297$3,343,638$51,781,652
100$92,185,489$8,787,658$3,290,830$56,681,379