Can I retire at age 62 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$227,092$225,070$223,096$221,170$219,289$215,479
2 years$112,422$110,328$108,299$106,332$104,423$100,597
3 years$74,204$72,101$70,077$68,128$66,250$62,527
4 years$55,098$53,002$50,998$49,082$47,250$43,659
5 years$43,638$41,554$39,576$37,700$35,919$32,469
6 years$36,000$33,932$31,984$30,149$28,421$25,118
7 years$30,547$28,496$26,579$24,787$23,114$19,957
8 years$26,458$24,426$22,541$20,793$19,175$16,165
9 years$23,280$21,268$19,414$17,711$16,149$13,282
10 years$20,740$18,746$16,926$15,267$13,759$11,035
11 years$18,662$16,689$14,901$13,287$11,834$9,248
12 years$16,932$14,979$13,224$11,655$10,255$7,805
13 years$15,469$13,537$11,815$10,289$8,942$6,624
14 years$14,216$12,304$10,616$9,134$7,839$5,649
15 years$13,132$11,240$9,585$8,146$6,902$4,835
16 years$12,184$10,313$8,690$7,293$6,100$4,152
17 years$11,348$9,498$7,908$6,553$5,409$3,576
18 years$10,606$8,776$7,219$5,906$4,809$3,086
19 years$9,943$8,134$6,608$5,336$4,286$2,669
20 years$9,346$7,558$6,065$4,833$3,829$2,312
21 years$8,808$7,040$5,578$4,386$3,426$2,006
22 years$8,319$6,572$5,141$3,988$3,071$1,742
23 years$7,873$6,146$4,747$3,632$2,757$1,515
24 years$7,465$5,759$4,390$3,313$2,478$1,318
25 years$7,090$5,404$4,066$3,025$2,230$1,148
26 years$6,744$5,079$3,771$2,766$2,008$1,001
27 years$6,425$4,780$3,502$2,532$1,811$873
28 years$6,129$4,504$3,256$2,320$1,634$762
29 years$5,854$4,249$3,030$2,127$1,475$665
30 years$5,598$4,013$2,822$1,952$1,333$581
31 years$5,359$3,794$2,631$1,793$1,205$507
32 years$5,135$3,590$2,455$1,648$1,090$443
33 years$4,925$3,399$2,292$1,515$987$387
34 years$4,728$3,222$2,141$1,394$893$339
35 years$4,542$3,056$2,002$1,284$809$296
36 years$4,368$2,900$1,873$1,182$733$259
37 years$4,203$2,755$1,753$1,089$664$227
38 years$4,047$2,618$1,642$1,004$602$198
39 years$3,899$2,489$1,538$926$546$173
40 years$3,760$2,369$1,442$854$495$152
41 years$3,627$2,255$1,352$788$449$133
42 years$3,501$2,147$1,268$727$408$116
43 years$3,381$2,046$1,190$671$370$102
44 years$3,267$1,950$1,117$620$336$89
45 years$3,159$1,860$1,049$572$305$78
46 years$3,055$1,774$985$529$277$68
47 years$2,956$1,693$925$488$251$60
48 years$2,862$1,616$870$451$228$52
49 years$2,771$1,543$817$417$207$46
50 years$2,685$1,474$768$385$188$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $2,750,000, adding $4,678 every year, while hoping to spend $49,009 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: 77/13/10 Blend
61$2,750,000$2,750,000$2,750,000$2,750,000
62$3,035,325$2,889,575$2,846,950$3,263,453
63$3,292,783$2,979,019$2,890,178$3,503,609
64$3,574,859$3,071,204$2,933,211$3,760,126
65$3,884,013$3,166,210$2,975,992$4,039,982
66$4,222,953$3,264,125$3,018,458$4,345,482
67$4,594,661$3,365,035$3,060,543$4,679,161
68$5,002,425$3,469,029$3,102,180$5,043,814
69$5,449,862$3,576,202$3,143,293$5,442,515
70$5,940,959$3,686,647$3,183,804$5,878,654
71$6,480,107$3,800,463$3,223,632$6,355,960
72$7,072,144$3,917,751$3,262,689$6,878,544
73$7,722,396$4,038,615$3,300,883$7,450,930
74$8,436,735$4,163,161$3,338,117$8,078,105
75$9,221,626$4,291,500$3,374,287$8,765,560
76$10,084,192$4,423,744$3,409,287$9,519,344
77$11,032,282$4,560,009$3,443,000$10,346,120
78$12,074,541$4,700,416$3,475,307$11,253,229
79$13,220,495$4,845,088$3,506,081$12,248,757
80$14,480,639$4,994,150$3,535,188$13,341,613
81$15,866,534$5,147,734$3,562,487$14,541,612
82$17,390,921$5,305,972$3,587,830$15,859,566
83$19,067,833$5,469,004$3,611,061$17,307,388
84$20,912,736$5,636,969$3,632,015$18,898,203
85$22,942,669$5,810,014$3,650,522$20,646,471
86$25,176,406$5,988,289$3,666,398$22,568,125
87$27,634,631$6,171,947$3,679,455$24,680,718
88$30,340,138$6,361,147$3,689,491$27,003,592
89$33,318,039$6,556,051$3,696,296$29,558,058
90$36,596,008$6,756,826$3,699,651$32,367,597
91$40,204,535$6,963,644$3,699,323$35,458,081
92$44,177,217$7,176,682$3,695,070$38,858,018
93$48,551,075$7,396,122$3,686,636$42,598,821
94$53,366,901$7,622,148$3,673,756$46,715,102
95$58,669,646$7,854,955$3,656,147$51,245,001
96$64,508,839$8,094,737$3,633,518$56,230,541
97$70,939,059$8,341,697$3,605,559$61,718,032
98$78,020,447$8,596,044$3,571,949$67,758,500
99$85,819,272$8,857,990$3,532,349$74,408,174
100$94,408,562$9,127,755$3,486,406$81,729,012