Can I retire at age 62 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$338,574$335,558$332,616$329,744$326,940$317,237
2 years$167,611$164,489$161,464$158,531$155,686$145,990
3 years$110,631$107,496$104,478$101,572$98,773$89,389
4 years$82,146$79,021$76,033$73,177$70,446$61,446
5 years$65,060$61,953$59,005$56,207$53,552$44,959
6 years$53,673$50,589$47,685$44,949$42,374$34,197
7 years$45,542$42,485$39,626$36,955$34,461$26,700
8 years$39,447$36,417$33,606$31,001$28,589$21,238
9 years$34,709$31,708$28,945$26,406$24,076$17,128
10 years$30,921$27,949$25,235$22,762$20,514$13,960
11 years$27,823$24,881$22,216$19,810$17,643$11,470
12 years$25,244$22,332$19,716$17,376$15,289$9,486
13 years$23,063$20,182$17,615$15,340$13,332$7,886
14 years$21,195$18,345$15,827$13,617$11,687$6,584
15 years$19,578$16,758$14,290$12,144$10,290$5,515
16 years$18,165$15,375$12,956$10,874$9,094$4,633
17 years$16,918$14,160$11,790$9,770$8,064$3,901
18 years$15,812$13,085$10,762$8,805$7,170$3,291
19 years$14,823$12,127$9,852$7,956$6,391$2,781
20 years$13,935$11,269$9,042$7,206$5,708$2,353
21 years$13,132$10,496$8,317$6,540$5,108$1,994
22 years$12,402$9,798$7,665$5,946$4,579$1,691
23 years$11,738$9,164$7,078$5,415$4,110$1,435
24 years$11,129$8,586$6,546$4,939$3,694$1,218
25 years$10,570$8,057$6,062$4,510$3,324$1,035
26 years$10,055$7,573$5,623$4,124$2,994$880
27 years$9,579$7,127$5,221$3,775$2,700$749
28 years$9,138$6,716$4,854$3,459$2,436$637
29 years$8,728$6,335$4,517$3,172$2,200$542
30 years$8,346$5,983$4,207$2,911$1,988$461
31 years$7,989$5,656$3,922$2,673$1,797$393
32 years$7,655$5,352$3,660$2,457$1,625$335
33 years$7,342$5,068$3,417$2,259$1,471$285
34 years$7,049$4,803$3,193$2,079$1,332$243
35 years$6,772$4,556$2,985$1,914$1,206$207
36 years$6,512$4,324$2,792$1,762$1,093$176
37 years$6,266$4,107$2,614$1,624$991$150
38 years$6,034$3,903$2,447$1,497$898$128
39 years$5,814$3,712$2,293$1,380$814$109
40 years$5,605$3,531$2,149$1,273$739$93
41 years$5,408$3,361$2,015$1,174$670$79
42 years$5,220$3,201$1,890$1,084$608$68
43 years$5,041$3,050$1,774$1,000$552$58
44 years$4,871$2,907$1,665$924$501$49
45 years$4,709$2,773$1,563$853$455$42
46 years$4,555$2,645$1,468$788$413$36
47 years$4,408$2,524$1,380$728$375$30
48 years$4,267$2,410$1,296$673$341$26
49 years$4,132$2,301$1,219$622$309$22
50 years$4,003$2,198$1,146$575$281$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $4,100,000, adding $4,048 every year, while hoping to spend $52,431 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: 52/28/20 Blend
61$4,100,000$4,100,000$4,100,000$4,100,000
62$4,522,376$4,305,076$4,241,526$4,732,405
63$4,927,872$4,460,238$4,327,830$5,032,589
64$5,372,971$4,621,246$4,415,269$5,353,143
65$5,861,658$4,788,331$4,503,825$5,700,694
66$6,398,321$4,961,734$4,593,477$6,077,824
67$6,987,796$5,141,704$4,684,204$6,487,372
68$7,635,407$5,328,504$4,775,981$6,932,463
69$8,347,023$5,522,405$4,868,781$7,416,532
70$9,129,107$5,723,690$4,962,573$7,943,361
71$9,988,780$5,932,655$5,057,323$8,517,111
72$10,933,888$6,149,608$5,152,995$9,142,359
73$11,973,073$6,374,867$5,249,550$9,824,146
74$13,115,860$6,608,769$5,346,943$10,568,017
75$14,372,738$6,851,659$5,445,126$11,380,077
76$15,755,269$7,103,902$5,544,049$12,267,046
77$17,276,188$7,365,875$5,643,657$13,236,322
78$18,949,528$7,637,972$5,743,888$14,296,050
79$20,790,751$7,920,603$5,844,679$15,455,198
80$22,816,892$8,214,197$5,945,960$16,723,639
81$25,046,722$8,519,200$6,047,657$18,112,245
82$27,500,924$8,836,077$6,149,690$19,632,990
83$30,202,286$9,165,313$6,251,973$21,299,057
84$33,175,920$9,507,414$6,354,414$23,124,965
85$36,449,495$9,862,908$6,456,918$25,126,704
86$40,053,497$10,232,344$6,559,378$27,321,886
87$44,021,521$10,616,296$6,661,685$29,729,908
88$48,390,584$11,015,363$6,763,720$32,372,132
89$53,201,477$11,430,169$6,865,357$35,272,091
90$58,499,144$11,861,364$6,966,463$38,455,705
91$64,333,114$12,309,628$7,066,897$41,951,525
92$70,757,961$12,775,669$7,166,508$45,791,002
93$77,833,823$13,260,227$7,265,135$50,008,782
94$85,626,967$13,764,072$7,362,612$54,643,031
95$94,210,416$14,288,010$7,458,757$59,735,792
96$103,664,636$14,832,879$7,553,383$65,333,384
97$114,078,296$15,399,558$7,646,288$71,486,836
98$125,549,105$15,988,959$7,737,262$78,252,362
99$138,184,733$16,602,038$7,826,080$85,691,897
100$152,103,829$17,239,790$7,912,506$93,873,675