Can I retire at age 62 with 3,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $3,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$322,058$319,190$316,391$313,659$310,991$305,337
2 years$159,435$156,466$153,588$150,798$148,091$142,415
3 years$105,234$102,252$99,381$96,617$93,955$88,433
4 years$78,139$75,166$72,324$69,607$67,010$61,685
5 years$61,886$58,931$56,127$53,465$50,940$45,828
6 years$51,055$48,122$45,359$42,757$40,307$35,413
7 years$43,321$40,412$37,693$35,153$32,780$28,106
8 years$37,523$34,641$31,967$29,489$27,194$22,739
9 years$33,016$30,161$27,533$25,118$22,902$18,662
10 years$29,412$26,586$24,004$21,652$19,513$15,485
11 years$26,466$23,668$21,133$18,843$16,782$12,961
12 years$24,013$21,243$18,755$16,528$14,543$10,925
13 years$21,938$19,197$16,756$14,592$12,682$9,260
14 years$20,161$17,450$15,055$12,953$11,117$7,885
15 years$18,623$15,941$13,593$11,552$9,788$6,741
16 years$17,278$14,625$12,324$10,343$8,651$5,781
17 years$16,093$13,469$11,214$9,294$7,670$4,971
18 years$15,041$12,446$10,237$8,375$6,820$4,284
19 years$14,100$11,535$9,372$7,568$6,079$3,699
20 years$13,255$10,719$8,601$6,854$5,430$3,200
21 years$12,491$9,984$7,911$6,221$4,859$2,772
22 years$11,797$9,320$7,291$5,656$4,355$2,404
23 years$11,165$8,717$6,732$5,151$3,910$2,087
24 years$10,586$8,167$6,226$4,698$3,514$1,813
25 years$10,055$7,664$5,767$4,290$3,162$1,577
26 years$9,565$7,203$5,348$3,923$2,848$1,372
27 years$9,112$6,779$4,966$3,591$2,568$1,195
28 years$8,692$6,388$4,617$3,290$2,317$1,041
29 years$8,302$6,026$4,296$3,017$2,092$907
30 years$7,939$5,691$4,002$2,769$1,891$791
31 years$7,599$5,380$3,731$2,543$1,709$690
32 years$7,282$5,091$3,481$2,337$1,546$602
33 years$6,984$4,821$3,250$2,149$1,399$525
34 years$6,705$4,569$3,037$1,977$1,267$458
35 years$6,442$4,334$2,839$1,820$1,147$400
36 years$6,194$4,113$2,656$1,676$1,040$349
37 years$5,960$3,907$2,486$1,545$942$305
38 years$5,739$3,713$2,328$1,424$854$266
39 years$5,530$3,531$2,181$1,313$775$233
40 years$5,332$3,359$2,044$1,211$703$203
41 years$5,144$3,197$1,917$1,117$637$178
42 years$4,965$3,045$1,798$1,031$578$155
43 years$4,795$2,901$1,687$952$525$136
44 years$4,634$2,766$1,584$879$477$118
45 years$4,480$2,637$1,487$812$433$104
46 years$4,333$2,516$1,397$750$393$90
47 years$4,193$2,401$1,312$693$357$79
48 years$4,059$2,292$1,233$640$324$69
49 years$3,930$2,189$1,159$591$294$60
50 years$3,808$2,091$1,090$547$267$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $3,900,000, adding $6,130 every year, while hoping to spend $58,444 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: 81/6/13 Blend
61$3,900,000$3,900,000$3,900,000$3,900,000
62$4,304,123$4,097,423$4,036,973$4,641,657
63$4,680,960$4,236,013$4,110,028$5,002,727
64$5,094,275$4,379,435$4,183,571$5,390,744
65$5,547,728$4,527,864$4,257,557$5,814,970
66$6,045,348$4,681,482$4,331,938$6,279,005
67$6,591,577$4,840,477$4,406,661$6,786,820
68$7,191,303$5,005,046$4,481,669$7,342,782
69$7,849,914$5,175,391$4,556,903$7,951,707
70$8,573,343$5,351,724$4,632,298$8,618,895
71$9,368,129$5,534,263$4,707,785$9,350,186
72$10,241,473$5,723,236$4,783,290$10,152,014
73$11,201,308$5,918,880$4,858,735$11,031,465
74$12,256,375$6,121,439$4,934,036$11,996,346
75$13,416,304$6,331,168$5,009,105$13,055,256
76$14,691,704$6,548,332$5,083,847$14,217,669
77$16,094,263$6,773,205$5,158,161$15,494,023
78$17,636,859$7,006,074$5,231,941$16,895,816
79$19,333,681$7,247,234$5,305,073$18,435,718
80$21,200,361$7,496,993$5,377,438$20,127,686
81$23,254,125$7,755,672$5,448,909$21,987,098
82$25,513,948$8,023,603$5,519,350$24,030,898
83$28,000,743$8,301,131$5,588,620$26,277,752
84$30,737,549$8,588,616$5,656,569$28,748,231
85$33,749,751$8,886,431$5,723,036$31,464,995
86$37,065,323$9,194,964$5,787,855$34,453,018
87$40,715,086$9,514,617$5,850,849$37,739,811
88$44,733,001$9,845,810$5,911,829$41,355,691
89$49,156,491$10,188,978$5,970,598$45,334,064
90$54,026,789$10,544,574$6,026,949$49,711,736
91$59,389,332$10,913,069$6,080,663$54,529,266
92$65,294,187$11,294,952$6,131,508$59,831,344
93$71,796,522$11,690,732$6,179,241$65,667,215
94$78,957,128$12,100,939$6,223,606$72,091,141
95$86,842,993$12,526,123$6,264,335$79,162,915
96$95,527,931$12,966,856$6,301,144$86,948,426
97$105,093,283$13,423,735$6,333,735$95,520,274
98$115,628,677$13,897,377$6,361,794$104,958,465
99$127,232,882$14,388,429$6,384,995$115,351,156
100$140,014,734$14,897,559$6,402,989$126,795,492