Can I retire at age 62 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$330,316$327,374$324,503$321,702$318,966$317,088
2 years$163,523$160,477$157,526$154,664$151,888$149,994
3 years$107,932$104,874$101,930$99,095$96,364$94,512
4 years$80,143$77,093$74,179$71,392$68,728$66,932
5 years$63,473$60,442$57,566$54,836$52,246$50,512
6 years$52,364$49,356$46,522$43,853$41,340$39,670
7 years$44,431$41,449$38,660$36,054$33,621$32,015
8 years$38,485$35,529$32,787$30,245$27,892$26,350
9 years$33,863$30,935$28,239$25,762$23,489$22,012
10 years$30,167$27,267$24,619$22,207$20,014$18,600
11 years$27,145$24,274$21,675$19,327$17,212$15,862
12 years$24,628$21,787$19,236$16,952$14,916$13,627
13 years$22,501$19,689$17,186$14,966$13,007$11,778
14 years$20,678$17,897$15,441$13,285$11,402$10,231
15 years$19,101$16,349$13,942$11,848$10,039$8,926
16 years$17,722$15,000$12,640$10,609$8,873$7,815
17 years$16,506$13,815$11,502$9,532$7,867$6,863
18 years$15,426$12,765$10,500$8,590$6,995$6,044
19 years$14,462$11,831$9,612$7,762$6,235$5,334
20 years$13,595$10,994$8,821$7,030$5,569$4,717
21 years$12,811$10,240$8,114$6,380$4,984$4,178
22 years$12,100$9,559$7,478$5,801$4,467$3,707
23 years$11,451$8,940$6,905$5,283$4,010$3,293
24 years$10,858$8,376$6,386$4,818$3,604$2,929
25 years$10,313$7,861$5,915$4,400$3,243$2,607
26 years$9,810$7,388$5,486$4,024$2,921$2,323
27 years$9,346$6,953$5,094$3,683$2,634$2,072
28 years$8,915$6,552$4,735$3,374$2,377$1,849
29 years$8,515$6,181$4,407$3,094$2,146$1,651
30 years$8,142$5,837$4,105$2,840$1,939$1,475
31 years$7,794$5,518$3,827$2,608$1,753$1,319
32 years$7,469$5,221$3,570$2,397$1,586$1,180
33 years$7,163$4,945$3,334$2,204$1,435$1,055
34 years$6,877$4,686$3,115$2,028$1,299$944
35 years$6,607$4,445$2,912$1,867$1,177$846
36 years$6,353$4,219$2,724$1,719$1,066$757
37 years$6,113$4,007$2,550$1,584$966$678
38 years$5,886$3,808$2,388$1,460$876$608
39 years$5,672$3,621$2,237$1,346$795$545
40 years$5,469$3,445$2,097$1,242$721$488
41 years$5,276$3,279$1,966$1,146$654$438
42 years$5,093$3,123$1,844$1,057$593$392
43 years$4,918$2,976$1,731$976$538$352
44 years$4,753$2,837$1,624$901$489$315
45 years$4,595$2,705$1,525$832$444$283
46 years$4,444$2,580$1,433$769$403$254
47 years$4,300$2,462$1,346$710$366$228
48 years$4,163$2,351$1,265$656$332$204
49 years$4,031$2,245$1,189$607$302$183
50 years$3,905$2,144$1,118$561$274$164

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $4,000,000, adding $5,402 every year, while hoping to spend $37,760 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: 60/13/27 Blend
61$4,000,000$4,000,000$4,000,000$4,000,000
62$4,413,572$4,201,572$4,139,572$4,645,922
63$4,823,580$4,367,273$4,238,071$4,970,607
64$5,274,143$4,539,827$4,338,605$5,320,201
65$5,769,359$4,719,532$4,441,201$5,700,873
66$6,313,739$4,906,695$4,545,887$6,115,656
67$6,912,258$5,101,640$4,652,692$6,567,891
68$7,570,393$5,304,705$4,761,641$7,061,253
69$8,294,180$5,516,242$4,872,763$7,599,789
70$9,090,268$5,736,620$4,986,083$8,187,954
71$9,965,985$5,966,224$5,101,626$8,830,652
72$10,929,404$6,205,457$5,219,419$9,533,282
73$11,989,418$6,454,739$5,339,484$10,301,790
74$13,155,828$6,714,511$5,461,846$11,142,721
75$14,439,431$6,985,231$5,586,527$12,063,286
76$15,852,126$7,267,380$5,713,548$13,071,422
77$17,407,022$7,561,460$5,842,931$14,175,871
78$19,118,563$7,867,997$5,974,694$15,386,263
79$21,002,666$8,187,539$6,108,857$16,713,199
80$23,076,870$8,520,660$6,245,435$18,168,361
81$25,360,497$8,867,959$6,384,444$19,764,611
82$27,874,844$9,230,065$6,525,898$21,516,119
83$30,643,372$9,607,632$6,669,810$23,438,491
84$33,691,936$10,001,347$6,816,189$25,548,920
85$37,049,027$10,411,926$6,965,045$27,866,342
86$40,746,038$10,840,120$7,116,384$30,411,620
87$44,817,561$11,286,713$7,270,210$33,207,735
88$49,301,715$11,752,525$7,426,525$36,280,004
89$54,240,505$12,238,414$7,585,328$39,656,316
90$59,680,216$12,745,276$7,746,617$43,367,399
91$65,671,855$13,274,051$7,910,385$47,447,102
92$72,271,625$13,825,721$8,076,624$51,932,720
93$79,541,461$14,401,311$8,245,320$56,865,341
94$87,549,610$15,001,896$8,416,459$62,290,232
95$96,371,281$15,628,599$8,590,022$68,257,270
96$106,089,349$16,282,597$8,765,984$74,821,405
97$116,795,137$16,965,119$8,944,319$82,043,181
98$128,589,283$17,677,452$9,124,996$89,989,307
99$141,582,685$18,420,942$9,307,978$98,733,281
100$155,897,548$19,196,998$9,493,225$108,356,088