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%14.8%
1 years$330,316$327,374$324,503$321,702$318,966$312,653
2 years$163,523$160,477$157,526$154,664$151,888$145,556
3 years$107,932$104,874$101,930$99,095$96,364$90,208
4 years$80,143$77,093$74,179$71,392$68,728$62,796
5 years$63,473$60,442$57,566$54,836$52,246$46,555
6 years$52,364$49,356$46,522$43,853$41,340$35,897
7 years$44,431$41,449$38,660$36,054$33,621$28,426
8 years$38,485$35,529$32,787$30,245$27,892$22,945
9 years$33,863$30,935$28,239$25,762$23,489$18,786
10 years$30,167$27,267$24,619$22,207$20,014$15,550
11 years$27,145$24,274$21,675$19,327$17,212$12,983
12 years$24,628$21,787$19,236$16,952$14,916$10,914
13 years$22,501$19,689$17,186$14,966$13,007$9,227
14 years$20,678$17,897$15,441$13,285$11,402$7,836
15 years$19,101$16,349$13,942$11,848$10,039$6,680
16 years$17,722$15,000$12,640$10,609$8,873$5,712
17 years$16,506$13,815$11,502$9,532$7,867$4,898
18 years$15,426$12,765$10,500$8,590$6,995$4,209
19 years$14,462$11,831$9,612$7,762$6,235$3,624
20 years$13,595$10,994$8,821$7,030$5,569$3,125
21 years$12,811$10,240$8,114$6,380$4,984$2,699
22 years$12,100$9,559$7,478$5,801$4,467$2,333
23 years$11,451$8,940$6,905$5,283$4,010$2,019
24 years$10,858$8,376$6,386$4,818$3,604$1,749
25 years$10,313$7,861$5,915$4,400$3,243$1,516
26 years$9,810$7,388$5,486$4,024$2,921$1,315
27 years$9,346$6,953$5,094$3,683$2,634$1,142
28 years$8,915$6,552$4,735$3,374$2,377$991
29 years$8,515$6,181$4,407$3,094$2,146$861
30 years$8,142$5,837$4,105$2,840$1,939$748
31 years$7,794$5,518$3,827$2,608$1,753$650
32 years$7,469$5,221$3,570$2,397$1,586$566
33 years$7,163$4,945$3,334$2,204$1,435$492
34 years$6,877$4,686$3,115$2,028$1,299$428
35 years$6,607$4,445$2,912$1,867$1,177$372
36 years$6,353$4,219$2,724$1,719$1,066$324
37 years$6,113$4,007$2,550$1,584$966$282
38 years$5,886$3,808$2,388$1,460$876$245
39 years$5,672$3,621$2,237$1,346$795$214
40 years$5,469$3,445$2,097$1,242$721$186
41 years$5,276$3,279$1,966$1,146$654$162
42 years$5,093$3,123$1,844$1,057$593$141
43 years$4,918$2,976$1,731$976$538$123
44 years$4,753$2,837$1,624$901$489$107
45 years$4,595$2,705$1,525$832$444$93
46 years$4,444$2,580$1,433$769$403$81
47 years$4,300$2,462$1,346$710$366$71
48 years$4,163$2,351$1,265$656$332$61
49 years$4,031$2,245$1,189$607$302$54
50 years$3,905$2,144$1,118$561$274$47

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 $4,809 every year, while hoping to spend $41,357 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: 62/18/20 Blend
61$4,000,000$4,000,000$4,000,000$4,000,000
62$4,412,960$4,200,960$4,138,960$4,663,469
63$4,819,079$4,362,804$4,233,612$4,994,925
64$5,265,235$4,531,192$4,330,049$5,351,595
65$5,755,470$4,706,401$4,428,286$5,740,044
66$6,294,234$4,888,720$4,528,339$6,163,372
67$6,886,430$5,078,452$4,630,223$6,624,988
68$7,537,461$5,275,911$4,733,951$7,128,647
69$8,253,279$5,481,428$4,839,535$7,678,480
70$9,040,440$5,695,345$4,946,986$8,279,034
71$9,906,170$5,918,022$5,056,315$8,935,315
72$10,858,428$6,149,833$5,167,530$9,652,834
73$11,905,984$6,391,171$5,280,639$10,437,659
74$13,058,500$6,642,444$5,395,646$11,296,471
75$14,326,623$6,904,080$5,512,556$12,236,624
76$15,722,084$7,176,526$5,631,372$13,266,220
77$17,257,807$7,460,246$5,752,094$14,394,176
78$18,948,035$7,755,729$5,874,720$15,630,315
79$20,808,458$8,063,484$5,999,247$16,985,455
80$22,856,368$8,384,041$6,125,669$18,471,507
81$25,110,816$8,717,958$6,253,977$20,101,593
82$27,592,796$9,065,814$6,384,162$21,890,163
83$30,325,439$9,428,217$6,516,209$23,853,133
84$33,334,234$9,805,800$6,650,102$26,008,036
85$36,647,267$10,199,226$6,785,822$28,374,183
86$40,295,488$10,609,187$6,923,347$30,972,844
87$44,312,998$11,036,408$7,062,649$33,827,452
88$48,737,376$11,481,644$7,203,701$36,963,819
89$53,610,032$11,945,688$7,346,468$40,410,380
90$58,976,593$12,429,365$7,490,913$44,198,459
91$64,887,342$12,933,540$7,636,994$48,362,564
92$71,397,684$13,459,116$7,784,667$52,940,714
93$78,568,673$14,007,039$7,933,879$57,974,790
94$86,467,589$14,578,295$8,084,575$63,510,935
95$95,168,569$15,173,917$8,236,694$69,599,986
96$104,753,309$15,794,985$8,390,169$76,297,952
97$115,311,835$16,442,628$8,544,929$83,666,541
98$126,943,353$17,118,027$8,700,894$91,773,739
99$139,757,181$17,822,416$8,857,980$100,694,454
100$153,873,786$18,557,087$9,016,095$110,511,220