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

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 $3,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$322,058$319,190$316,391$313,659$310,991$300,316
2 years$159,435$156,466$153,588$150,798$148,091$137,444
3 years$105,234$102,252$99,381$96,617$93,955$83,671
4 years$78,139$75,166$72,324$69,607$67,010$57,168
5 years$61,886$58,931$56,127$53,465$50,940$41,566
6 years$51,055$48,122$45,359$42,757$40,307$31,408
7 years$43,321$40,412$37,693$35,153$32,780$24,355
8 years$37,523$34,641$31,967$29,489$27,194$19,236
9 years$33,016$30,161$27,533$25,118$22,902$15,401
10 years$29,412$26,586$24,004$21,652$19,513$12,457
11 years$26,466$23,668$21,133$18,843$16,782$10,157
12 years$24,013$21,243$18,755$16,528$14,543$8,333
13 years$21,938$19,197$16,756$14,592$12,682$6,872
14 years$20,161$17,450$15,055$12,953$11,117$5,689
15 years$18,623$15,941$13,593$11,552$9,788$4,725
16 years$17,278$14,625$12,324$10,343$8,651$3,935
17 years$16,093$13,469$11,214$9,294$7,670$3,285
18 years$15,041$12,446$10,237$8,375$6,820$2,746
19 years$14,100$11,535$9,372$7,568$6,079$2,300
20 years$13,255$10,719$8,601$6,854$5,430$1,928
21 years$12,491$9,984$7,911$6,221$4,859$1,619
22 years$11,797$9,320$7,291$5,656$4,355$1,360
23 years$11,165$8,717$6,732$5,151$3,910$1,143
24 years$10,586$8,167$6,226$4,698$3,514$962
25 years$10,055$7,664$5,767$4,290$3,162$809
26 years$9,565$7,203$5,348$3,923$2,848$681
27 years$9,112$6,779$4,966$3,591$2,568$574
28 years$8,692$6,388$4,617$3,290$2,317$484
29 years$8,302$6,026$4,296$3,017$2,092$407
30 years$7,939$5,691$4,002$2,769$1,891$343
31 years$7,599$5,380$3,731$2,543$1,709$290
32 years$7,282$5,091$3,481$2,337$1,546$244
33 years$6,984$4,821$3,250$2,149$1,399$206
34 years$6,705$4,569$3,037$1,977$1,267$174
35 years$6,442$4,334$2,839$1,820$1,147$146
36 years$6,194$4,113$2,656$1,676$1,040$124
37 years$5,960$3,907$2,486$1,545$942$104
38 years$5,739$3,713$2,328$1,424$854$88
39 years$5,530$3,531$2,181$1,313$775$74
40 years$5,332$3,359$2,044$1,211$703$63
41 years$5,144$3,197$1,917$1,117$637$53
42 years$4,965$3,045$1,798$1,031$578$45
43 years$4,795$2,901$1,687$952$525$38
44 years$4,634$2,766$1,584$879$477$32
45 years$4,480$2,637$1,487$812$433$27
46 years$4,333$2,516$1,397$750$393$23
47 years$4,193$2,401$1,312$693$357$19
48 years$4,059$2,292$1,233$640$324$16
49 years$3,930$2,189$1,159$591$294$14
50 years$3,808$2,091$1,090$547$267$11

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 $6,718 every year, while hoping to spend $22,798 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: 74/15/11 Blend
61$3,900,000$3,900,000$3,900,000$3,900,000
62$4,304,730$4,098,030$4,037,580$4,613,659
63$4,719,555$4,274,576$4,148,582$4,995,037
64$5,175,929$4,459,009$4,262,538$5,409,243
65$5,678,064$4,651,692$4,379,524$5,862,411
66$6,230,605$4,853,002$4,499,616$6,358,396
67$6,838,666$5,063,339$4,622,892$6,901,441
68$7,507,884$5,283,117$4,749,433$7,496,218
69$8,244,470$5,512,771$4,879,321$8,147,868
70$9,055,268$5,752,759$5,012,640$8,862,056
71$9,947,817$6,003,556$5,149,476$9,645,013
72$10,930,428$6,265,664$5,289,917$10,503,606
73$12,012,254$6,539,604$5,434,052$11,445,391
74$13,203,385$6,825,926$5,581,973$12,478,694
75$14,514,936$7,125,202$5,733,776$13,612,680
76$15,959,158$7,438,035$5,889,555$14,857,443
77$17,549,546$7,765,052$6,049,409$16,224,101
78$19,300,974$8,106,915$6,213,439$17,724,898
79$21,229,831$8,464,311$6,381,747$19,373,318
80$23,354,177$8,837,965$6,554,438$21,184,215
81$25,693,911$9,228,634$6,731,620$23,173,948
82$28,270,963$9,637,110$6,913,402$25,360,537
83$31,109,496$10,064,224$7,099,897$27,763,832
84$34,236,140$10,510,845$7,291,218$30,405,696
85$37,680,235$10,977,886$7,487,483$33,310,215
86$41,474,117$11,466,300$7,688,811$36,503,920
87$45,653,415$11,977,086$7,895,324$40,016,039
88$50,257,393$12,511,293$8,107,147$43,878,768
89$55,329,317$13,070,017$8,324,407$48,127,579
90$60,916,867$13,654,407$8,547,234$52,801,548
91$67,072,581$14,265,667$8,775,760$57,943,724
92$73,854,357$14,905,058$9,010,121$63,601,536
93$81,325,996$15,573,901$9,250,455$69,827,236
94$89,557,805$16,273,579$9,496,903$76,678,391
95$98,627,260$17,005,543$9,749,608$84,218,426
96$108,619,738$17,771,312$10,008,717$92,517,221
97$119,629,323$18,572,478$10,274,380$101,651,767
98$131,759,692$19,410,707$10,546,750$111,706,889
99$145,125,096$20,287,747$10,825,981$122,776,051
100$159,851,437$21,205,429$11,112,234$134,962,230