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%14.9%
1 years$222,963$220,977$219,040$217,149$215,302$210,955
2 years$110,378$108,322$106,330$104,398$102,525$98,164
3 years$72,854$70,790$68,803$66,889$65,046$60,808
4 years$54,096$52,038$50,071$48,190$46,391$42,308
5 years$42,844$40,798$38,857$37,014$35,266$31,350
6 years$35,345$33,315$31,402$29,601$27,905$24,160
7 years$29,991$27,978$26,095$24,336$22,694$19,121
8 years$25,977$23,982$22,131$20,415$18,827$15,425
9 years$22,857$20,881$19,061$17,389$15,855$12,621
10 years$20,362$18,405$16,618$14,990$13,509$10,441
11 years$18,323$16,385$14,630$13,045$11,618$8,712
12 years$16,624$14,707$12,984$11,443$10,068$7,319
13 years$15,188$13,290$11,600$10,102$8,780$6,183
14 years$13,958$12,081$10,423$8,968$7,696$5,247
15 years$12,893$11,036$9,411$7,997$6,776$4,470
16 years$11,962$10,125$8,532$7,161$5,989$3,820
17 years$11,141$9,325$7,764$6,434$5,310$3,273
18 years$10,413$8,617$7,087$5,798$4,722$2,811
19 years$9,762$7,986$6,488$5,239$4,208$2,418
20 years$9,176$7,421$5,954$4,745$3,759$2,084
21 years$8,648$6,912$5,477$4,307$3,364$1,798
22 years$8,167$6,452$5,048$3,916$3,015$1,553
23 years$7,730$6,035$4,661$3,566$2,707$1,343
24 years$7,329$5,654$4,310$3,252$2,433$1,163
25 years$6,961$5,306$3,992$2,970$2,189$1,007
26 years$6,622$4,987$3,703$2,716$1,972$873
27 years$6,308$4,693$3,438$2,486$1,778$757
28 years$6,018$4,422$3,196$2,278$1,604$657
29 years$5,748$4,172$2,974$2,089$1,449$570
30 years$5,496$3,940$2,771$1,917$1,309$495
31 years$5,261$3,725$2,583$1,760$1,183$430
32 years$5,041$3,524$2,410$1,618$1,070$373
33 years$4,835$3,338$2,250$1,488$969$325
34 years$4,642$3,163$2,102$1,369$877$282
35 years$4,460$3,000$1,966$1,260$794$245
36 years$4,288$2,848$1,839$1,161$720$213
37 years$4,126$2,705$1,721$1,069$652$185
38 years$3,973$2,570$1,612$986$591$161
39 years$3,829$2,444$1,510$909$536$140
40 years$3,691$2,325$1,415$838$486$122
41 years$3,561$2,214$1,327$773$441$106
42 years$3,437$2,108$1,245$714$400$92
43 years$3,320$2,009$1,168$659$363$80
44 years$3,208$1,915$1,097$608$330$70
45 years$3,101$1,826$1,030$562$299$61
46 years$3,000$1,742$967$519$272$53
47 years$2,903$1,662$909$479$247$46
48 years$2,810$1,587$854$443$224$40
49 years$2,721$1,515$802$409$204$35
50 years$2,636$1,447$754$378$185$30

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 $3,672 every year, while hoping to spend $35,434 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: 73/22/5 Blend
61$2,700,000$2,700,000$2,700,000$2,700,000
62$2,979,188$2,836,088$2,794,238$3,195,213
63$3,245,363$2,937,354$2,850,143$3,439,206
64$3,537,501$3,042,396$2,906,734$3,701,488
65$3,858,212$3,151,359$2,963,995$3,987,699
66$4,210,372$3,264,398$3,021,911$4,300,187
67$4,597,149$3,381,672$3,080,464$4,641,538
68$5,022,033$3,503,349$3,139,634$5,014,594
69$5,488,868$3,629,600$3,199,400$5,422,490
70$6,001,889$3,760,608$3,259,737$5,868,671
71$6,565,764$3,896,559$3,320,620$6,356,935
72$7,185,631$4,037,650$3,382,020$6,891,460
73$7,867,155$4,184,085$3,443,907$7,476,847
74$8,616,575$4,336,075$3,506,248$8,118,164
75$9,440,766$4,493,843$3,569,007$8,820,990
76$10,347,300$4,657,618$3,632,146$9,591,469
77$11,344,524$4,827,640$3,695,622$10,436,369
78$12,441,632$5,004,161$3,759,391$11,363,140
79$13,648,753$5,187,439$3,823,406$12,379,990
80$14,977,050$5,377,748$3,887,614$13,495,959
81$16,438,822$5,575,370$3,951,962$14,721,003
82$18,047,618$5,780,600$4,016,389$16,066,088
83$19,818,371$5,993,745$4,080,834$17,543,294
84$21,767,533$6,215,127$4,145,230$19,165,926
85$23,913,231$6,445,078$4,209,505$20,948,642
86$26,275,441$6,683,947$4,273,583$22,907,587
87$28,876,172$6,932,097$4,337,385$25,060,547
88$31,739,679$7,189,906$4,400,824$27,427,116
89$34,892,684$7,457,769$4,463,810$30,028,879
90$38,364,636$7,736,098$4,526,245$32,889,616
91$42,187,983$8,025,321$4,588,029$36,035,524
92$46,398,481$8,325,886$4,649,052$39,495,465
93$51,035,531$8,638,259$4,709,200$43,301,238
94$56,142,549$8,962,928$4,768,352$47,487,875
95$61,767,377$9,300,399$4,826,379$52,093,973
96$67,962,733$9,651,202$4,883,147$57,162,060
97$74,786,710$10,015,890$4,938,511$62,738,988
98$82,303,325$10,395,038$4,992,321$68,876,380
99$90,583,117$10,789,248$5,044,417$75,631,115
100$99,703,821$11,199,148$5,094,631$83,065,864