Can I retire at age 62 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$297,285$294,637$292,053$289,531$287,069$285,859
2 years$147,171$144,430$141,773$139,198$136,700$135,478
3 years$97,139$94,386$91,737$89,185$86,728$85,533
4 years$72,128$69,384$66,761$64,253$61,855$60,695
5 years$57,126$54,398$51,809$49,352$47,021$45,901
6 years$47,127$44,420$41,869$39,468$37,206$36,126
7 years$39,988$37,304$34,794$32,448$30,259$29,219
8 years$34,637$31,976$29,508$27,220$25,102$24,104
9 years$30,476$27,841$25,415$23,186$21,140$20,182
10 years$27,150$24,541$22,157$19,986$18,012$17,095
11 years$24,430$21,847$19,507$17,394$15,491$14,613
12 years$22,165$19,609$17,312$15,257$13,424$12,586
13 years$20,251$17,721$15,467$13,470$11,706$10,906
14 years$18,611$16,107$13,897$11,957$10,262$9,499
15 years$17,191$14,714$12,547$10,663$9,035$8,309
16 years$15,949$13,500$11,376$9,548$7,985$7,294
17 years$14,855$12,433$10,352$8,579$7,080$6,424
18 years$13,884$11,489$9,450$7,731$6,295$5,672
19 years$13,016$10,648$8,651$6,986$5,611$5,020
20 years$12,235$9,894$7,939$6,327$5,012$4,452
21 years$11,530$9,216$7,303$5,742$4,485$3,956
22 years$10,890$8,603$6,731$5,221$4,020$3,520
23 years$10,306$8,046$6,214$4,755$3,609$3,136
24 years$9,772$7,539$5,747$4,337$3,244$2,798
25 years$9,281$7,075$5,323$3,960$2,919$2,498
26 years$8,829$6,649$4,937$3,621$2,629$2,233
27 years$8,411$6,258$4,584$3,315$2,371$1,998
28 years$8,024$5,897$4,262$3,037$2,139$1,789
29 years$7,664$5,563$3,966$2,785$1,931$1,602
30 years$7,328$5,253$3,694$2,556$1,745$1,436
31 years$7,015$4,966$3,444$2,347$1,578$1,288
32 years$6,722$4,699$3,213$2,157$1,427$1,156
33 years$6,447$4,450$3,000$1,984$1,292$1,037
34 years$6,189$4,218$2,803$1,825$1,169$932
35 years$5,946$4,000$2,621$1,680$1,059$837
36 years$5,718$3,797$2,452$1,547$960$752
37 years$5,502$3,606$2,295$1,426$870$676
38 years$5,298$3,427$2,149$1,314$789$608
39 years$5,105$3,259$2,013$1,212$715$546
40 years$4,922$3,101$1,887$1,118$649$491
41 years$4,748$2,951$1,770$1,031$588$442
42 years$4,583$2,811$1,660$952$534$398
43 years$4,427$2,678$1,558$878$485$358
44 years$4,277$2,553$1,462$811$440$322
45 years$4,135$2,434$1,373$749$399$290
46 years$3,999$2,322$1,289$692$363$261
47 years$3,870$2,216$1,211$639$329$235
48 years$3,746$2,116$1,138$591$299$211
49 years$3,628$2,020$1,070$546$272$190
50 years$3,515$1,930$1,006$505$247$171

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $3,600,000, adding $4,837 every year, while hoping to spend $29,607 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: 53/30/17 Blend
61$3,600,000$3,600,000$3,600,000$3,600,000
62$3,972,189$3,781,389$3,725,589$4,164,196
63$4,345,851$3,935,176$3,818,895$4,449,944
64$4,756,634$4,095,506$3,914,334$4,757,163
65$5,208,293$4,262,668$4,011,947$5,090,792
66$5,704,966$4,436,965$4,111,774$5,453,348
67$6,251,210$4,618,714$4,213,856$5,847,600
68$6,852,048$4,808,246$4,318,234$6,276,593
69$7,513,012$5,005,905$4,424,951$6,743,675
70$8,240,200$5,212,055$4,534,047$7,252,528
71$9,040,327$5,427,073$4,645,565$7,807,202
72$9,920,796$5,651,355$4,759,547$8,412,151
73$10,889,761$5,885,315$4,876,036$9,072,276
74$11,956,208$6,129,387$4,995,073$9,792,969
75$13,130,036$6,384,021$5,116,703$10,580,163
76$14,422,155$6,649,694$5,240,968$11,440,385
77$15,844,585$6,926,899$5,367,911$12,380,819
78$17,410,571$7,216,156$5,497,574$13,409,373
79$19,134,708$7,518,005$5,630,001$14,534,749
80$21,033,076$7,833,016$5,765,235$15,766,526
81$23,123,398$8,161,781$5,903,318$17,115,246
82$25,425,197$8,504,922$6,044,292$18,592,519
83$27,959,992$8,863,087$6,188,200$20,211,123
84$30,751,490$9,236,957$6,335,084$21,985,127
85$33,825,818$9,627,244$6,484,985$23,930,021
86$37,211,764$10,034,692$6,637,945$26,062,861
87$40,941,051$10,460,079$6,794,003$28,402,427
88$45,048,637$10,904,222$6,953,201$30,969,401
89$49,573,043$11,367,973$7,115,578$33,786,557
90$54,556,715$11,852,226$7,281,171$36,878,974
91$60,046,429$12,357,914$7,450,020$40,274,273
92$66,093,729$12,886,016$7,622,160$44,002,873
93$72,755,414$13,437,556$7,797,627$48,098,277
94$80,094,076$14,013,605$7,976,457$52,597,385
95$88,178,685$14,615,286$8,158,682$57,540,841
96$97,085,248$15,243,772$8,344,335$62,973,410
97$106,897,519$15,900,292$8,533,445$68,944,403
98$117,707,792$16,586,133$8,726,043$75,508,136
99$129,617,776$17,302,642$8,922,154$82,724,441
100$142,739,548$18,051,230$9,121,804$90,659,227