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%12.3%
1 years$297,285$294,637$292,053$289,531$287,069$284,308
2 years$147,171$144,430$141,773$139,198$136,700$133,918
3 years$97,139$94,386$91,737$89,185$86,728$84,012
4 years$72,128$69,384$66,761$64,253$61,855$59,226
5 years$57,126$54,398$51,809$49,352$47,021$44,487
6 years$47,127$44,420$41,869$39,468$37,206$34,770
7 years$39,988$37,304$34,794$32,448$30,259$27,921
8 years$34,637$31,976$29,508$27,220$25,102$22,863
9 years$30,476$27,841$25,415$23,186$21,140$18,999
10 years$27,150$24,541$22,157$19,986$18,012$15,968
11 years$24,430$21,847$19,507$17,394$15,491$13,541
12 years$22,165$19,609$17,312$15,257$13,424$11,568
13 years$20,251$17,721$15,467$13,470$11,706$9,941
14 years$18,611$16,107$13,897$11,957$10,262$8,585
15 years$17,191$14,714$12,547$10,663$9,035$7,444
16 years$15,949$13,500$11,376$9,548$7,985$6,478
17 years$14,855$12,433$10,352$8,579$7,080$5,654
18 years$13,884$11,489$9,450$7,731$6,295$4,947
19 years$13,016$10,648$8,651$6,986$5,611$4,338
20 years$12,235$9,894$7,939$6,327$5,012$3,811
21 years$11,530$9,216$7,303$5,742$4,485$3,353
22 years$10,890$8,603$6,731$5,221$4,020$2,955
23 years$10,306$8,046$6,214$4,755$3,609$2,607
24 years$9,772$7,539$5,747$4,337$3,244$2,303
25 years$9,281$7,075$5,323$3,960$2,919$2,036
26 years$8,829$6,649$4,937$3,621$2,629$1,802
27 years$8,411$6,258$4,584$3,315$2,371$1,595
28 years$8,024$5,897$4,262$3,037$2,139$1,413
29 years$7,664$5,563$3,966$2,785$1,931$1,253
30 years$7,328$5,253$3,694$2,556$1,745$1,111
31 years$7,015$4,966$3,444$2,347$1,578$986
32 years$6,722$4,699$3,213$2,157$1,427$876
33 years$6,447$4,450$3,000$1,984$1,292$778
34 years$6,189$4,218$2,803$1,825$1,169$691
35 years$5,946$4,000$2,621$1,680$1,059$614
36 years$5,718$3,797$2,452$1,547$960$545
37 years$5,502$3,606$2,295$1,426$870$485
38 years$5,298$3,427$2,149$1,314$789$431
39 years$5,105$3,259$2,013$1,212$715$383
40 years$4,922$3,101$1,887$1,118$649$341
41 years$4,748$2,951$1,770$1,031$588$303
42 years$4,583$2,811$1,660$952$534$270
43 years$4,427$2,678$1,558$878$485$240
44 years$4,277$2,553$1,462$811$440$214
45 years$4,135$2,434$1,373$749$399$190
46 years$3,999$2,322$1,289$692$363$169
47 years$3,870$2,216$1,211$639$329$151
48 years$3,746$2,116$1,138$591$299$134
49 years$3,628$2,020$1,070$546$272$119
50 years$3,515$1,930$1,006$505$247$106

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 $3,924 every year, while hoping to spend $49,069 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: 49/36/15 Blend
61$3,600,000$3,600,000$3,600,000$3,600,000
62$3,971,248$3,780,448$3,724,648$4,149,162
63$4,324,106$3,913,481$3,797,214$4,405,273
64$4,711,311$4,051,387$3,870,567$4,677,927
65$5,136,315$4,194,355$3,944,681$4,973,023
66$5,602,919$4,342,579$4,019,528$5,292,686
67$6,115,312$4,496,261$4,095,078$5,639,247
68$6,678,107$4,655,611$4,171,296$6,015,273
69$7,296,387$4,820,849$4,248,148$6,423,586
70$7,975,751$4,992,202$4,325,593$6,867,288
71$8,722,366$5,169,909$4,403,589$7,349,795
72$9,543,028$5,354,215$4,482,090$7,874,860
73$10,445,224$5,545,379$4,561,047$8,446,617
74$11,437,201$5,743,667$4,640,406$9,069,612
75$12,528,047$5,949,357$4,720,111$9,748,848
76$13,727,772$6,162,741$4,800,100$10,489,832
77$15,047,409$6,384,119$4,880,307$11,298,623
78$16,499,110$6,613,806$4,960,662$12,181,893
79$18,096,265$6,852,128$5,041,090$13,146,983
80$19,853,629$7,099,428$5,121,512$14,201,979
81$21,787,458$7,356,058$5,201,841$15,355,777
82$23,915,663$7,622,390$5,281,987$16,618,176
83$26,257,980$7,898,807$5,361,854$17,999,963
84$28,836,156$8,185,710$5,441,337$19,513,017
85$31,674,152$8,483,517$5,520,330$21,170,417
86$34,798,369$8,792,663$5,598,715$22,986,565
87$38,237,900$9,113,602$5,676,369$24,977,325
88$42,024,801$9,446,804$5,753,163$27,160,163
89$46,194,396$9,792,762$5,828,959$29,554,318
90$50,785,606$10,151,988$5,903,610$32,180,978
91$55,841,319$10,525,017$5,976,963$35,063,480
92$61,408,796$10,912,406$6,048,854$38,227,529
93$67,540,113$11,314,734$6,119,110$41,701,438
94$74,292,655$11,732,605$6,187,550$45,516,393
95$81,729,654$12,166,652$6,253,982$49,706,749
96$89,920,791$12,617,529$6,318,202$54,310,346
97$98,942,847$13,085,924$6,379,997$59,368,872
98$108,880,431$13,572,548$6,439,141$64,928,250
99$119,826,780$14,078,148$6,495,398$71,039,069
100$131,884,634$14,603,500$6,548,516$77,757,063