Can I retire at age 62 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$305,543$302,821$300,166$297,574$295,043$292,327
2 years$151,259$148,442$145,711$143,064$140,497$137,760
3 years$99,837$97,008$94,285$91,663$89,137$86,465
4 years$74,132$71,311$68,615$66,038$63,573$60,986
5 years$58,713$55,909$53,248$50,723$48,327$45,833
6 years$48,436$45,654$43,033$40,564$38,240$35,841
7 years$41,099$38,340$35,760$33,350$31,099$28,797
8 years$35,599$32,864$30,328$27,976$25,800$23,594
9 years$31,323$28,614$26,121$23,830$21,727$19,617
10 years$27,904$25,222$22,773$20,541$18,513$16,498
11 years$25,109$22,454$20,049$17,877$15,921$14,000
12 years$22,781$20,153$17,793$15,681$13,797$11,967
13 years$20,813$18,213$15,897$13,844$12,031$10,290
14 years$19,128$16,555$14,283$12,289$10,547$8,892
15 years$17,668$15,123$12,896$10,960$9,286$7,716
16 years$16,392$13,875$11,692$9,813$8,207$6,719
17 years$15,268$12,779$10,639$8,817$7,277$5,868
18 years$14,269$11,808$9,712$7,946$6,470$5,138
19 years$13,377$10,944$8,891$7,180$5,767$4,509
20 years$12,575$10,169$8,160$6,503$5,151$3,964
21 years$11,850$9,472$7,506$5,902$4,610$3,491
22 years$11,192$8,842$6,917$5,366$4,132$3,079
23 years$10,593$8,270$6,387$4,887$3,709$2,718
24 years$10,044$7,748$5,907$4,457$3,334$2,403
25 years$9,539$7,271$5,471$4,070$3,000$2,126
26 years$9,074$6,834$5,074$3,722$2,702$1,883
27 years$8,645$6,431$4,712$3,407$2,436$1,668
28 years$8,246$6,060$4,380$3,121$2,198$1,479
29 years$7,876$5,717$4,076$2,862$1,985$1,313
30 years$7,532$5,399$3,797$2,627$1,794$1,165
31 years$7,210$5,104$3,540$2,413$1,622$1,035
32 years$6,909$4,830$3,303$2,217$1,467$919
33 years$6,626$4,574$3,084$2,039$1,328$817
34 years$6,361$4,335$2,881$1,876$1,202$726
35 years$6,112$4,111$2,694$1,727$1,089$646
36 years$5,876$3,902$2,520$1,590$986$575
37 years$5,655$3,706$2,359$1,465$894$511
38 years$5,445$3,522$2,209$1,351$810$455
39 years$5,247$3,349$2,069$1,245$735$405
40 years$5,058$3,187$1,940$1,149$667$360
41 years$4,880$3,033$1,819$1,060$605$321
42 years$4,711$2,889$1,706$978$549$286
43 years$4,550$2,753$1,601$903$498$254
44 years$4,396$2,624$1,503$834$452$227
45 years$4,250$2,502$1,411$770$410$202
46 years$4,111$2,387$1,325$711$373$180
47 years$3,978$2,278$1,245$657$338$160
48 years$3,850$2,174$1,170$607$307$143
49 years$3,729$2,076$1,100$561$279$127
50 years$3,612$1,984$1,034$519$253$113

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $3,700,000, adding $4,282 every year, while hoping to spend $28,264 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: 61/13/26 Blend
61$3,700,000$3,700,000$3,700,000$3,700,000
62$4,081,817$3,885,717$3,828,367$4,302,153
63$4,468,090$4,046,044$3,926,544$4,612,725
64$4,892,815$4,213,281$4,027,064$4,948,123
65$5,359,885$4,387,734$4,129,973$5,313,616
66$5,873,588$4,569,728$4,235,322$5,712,142
67$6,438,649$4,759,600$4,343,161$6,146,938
68$7,060,274$4,957,704$4,453,540$6,621,565
69$7,744,199$5,164,408$4,566,510$7,139,943
70$8,496,743$5,380,099$4,682,124$7,706,387
71$9,324,870$5,605,183$4,800,434$8,325,647
72$10,236,251$5,840,082$4,921,493$9,002,952
73$11,239,341$6,085,238$5,045,356$9,744,061
74$12,343,455$6,341,115$5,172,076$10,555,313
75$13,558,855$6,608,198$5,301,708$11,443,688
76$14,896,852$6,886,994$5,434,309$12,416,874
77$16,369,907$7,178,033$5,569,935$13,483,333
78$17,991,752$7,481,870$5,708,642$14,652,388
79$19,777,516$7,799,087$5,850,486$15,934,305
80$21,743,872$8,130,292$5,995,527$17,340,390
81$23,909,191$8,476,121$6,143,822$18,883,094
82$26,293,717$8,837,239$6,295,429$20,576,132
83$28,919,758$9,214,345$6,450,407$22,434,611
84$31,811,893$9,608,168$6,608,815$24,475,170
85$34,997,209$10,019,472$6,770,714$26,716,137
86$38,505,553$10,449,054$6,936,162$29,177,701
87$42,369,815$10,897,754$7,105,219$31,882,101
88$46,626,238$11,366,445$7,277,945$34,853,836
89$51,314,759$11,856,046$7,454,401$38,119,895
90$56,479,388$12,367,515$7,634,646$41,710,008
91$62,168,620$12,901,858$7,818,741$45,656,929
92$68,435,896$13,460,126$8,006,746$49,996,742
93$75,340,105$14,043,420$8,198,720$54,769,199
94$82,946,143$14,652,894$8,394,724$60,018,097
95$91,325,518$15,289,755$8,594,816$65,791,688
96$100,557,034$15,955,266$8,799,056$72,143,132
97$110,727,529$16,650,751$9,007,501$79,131,001
98$121,932,695$17,377,596$9,220,210$86,819,824
99$134,277,982$18,137,251$9,437,241$95,280,703
100$147,879,597$18,931,236$9,658,648$104,591,974