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

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 $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%15.9%
1 years$338,574$335,558$332,616$329,744$326,940$319,036
2 years$167,611$164,489$161,464$158,531$155,686$147,770
3 years$110,631$107,496$104,478$101,572$98,773$91,094
4 years$82,146$79,021$76,033$73,177$70,446$63,061
5 years$65,060$61,953$59,005$56,207$53,552$46,483
6 years$53,673$50,589$47,685$44,949$42,374$35,627
7 years$45,542$42,485$39,626$36,955$34,461$28,038
8 years$39,447$36,417$33,606$31,001$28,589$22,487
9 years$34,709$31,708$28,945$26,406$24,076$18,289
10 years$30,921$27,949$25,235$22,762$20,514$15,037
11 years$27,823$24,881$22,216$19,810$17,643$12,467
12 years$25,244$22,332$19,716$17,376$15,289$10,406
13 years$23,063$20,182$17,615$15,340$13,332$8,732
14 years$21,195$18,345$15,827$13,617$11,687$7,361
15 years$19,578$16,758$14,290$12,144$10,290$6,227
16 years$18,165$15,375$12,956$10,874$9,094$5,284
17 years$16,918$14,160$11,790$9,770$8,064$4,495
18 years$15,812$13,085$10,762$8,805$7,170$3,831
19 years$14,823$12,127$9,852$7,956$6,391$3,272
20 years$13,935$11,269$9,042$7,206$5,708$2,798
21 years$13,132$10,496$8,317$6,540$5,108$2,396
22 years$12,402$9,798$7,665$5,946$4,579$2,054
23 years$11,738$9,164$7,078$5,415$4,110$1,763
24 years$11,129$8,586$6,546$4,939$3,694$1,514
25 years$10,570$8,057$6,062$4,510$3,324$1,301
26 years$10,055$7,573$5,623$4,124$2,994$1,118
27 years$9,579$7,127$5,221$3,775$2,700$962
28 years$9,138$6,716$4,854$3,459$2,436$828
29 years$8,728$6,335$4,517$3,172$2,200$713
30 years$8,346$5,983$4,207$2,911$1,988$614
31 years$7,989$5,656$3,922$2,673$1,797$529
32 years$7,655$5,352$3,660$2,457$1,625$455
33 years$7,342$5,068$3,417$2,259$1,471$392
34 years$7,049$4,803$3,193$2,079$1,332$338
35 years$6,772$4,556$2,985$1,914$1,206$292
36 years$6,512$4,324$2,792$1,762$1,093$251
37 years$6,266$4,107$2,614$1,624$991$217
38 years$6,034$3,903$2,447$1,497$898$187
39 years$5,814$3,712$2,293$1,380$814$161
40 years$5,605$3,531$2,149$1,273$739$139
41 years$5,408$3,361$2,015$1,174$670$120
42 years$5,220$3,201$1,890$1,084$608$103
43 years$5,041$3,050$1,774$1,000$552$89
44 years$4,871$2,907$1,665$924$501$77
45 years$4,709$2,773$1,563$853$455$66
46 years$4,555$2,645$1,468$788$413$57
47 years$4,408$2,524$1,380$728$375$49
48 years$4,267$2,410$1,296$673$341$43
49 years$4,132$2,301$1,219$622$309$37
50 years$4,003$2,198$1,146$575$281$32

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 $6,924 every year, while hoping to spend $57,574 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: 64/6/30 Blend
61$4,100,000$4,100,000$4,100,000$4,100,000
62$4,525,342$4,308,042$4,244,492$4,778,227
63$4,925,669$4,457,878$4,325,424$5,100,447
64$5,364,899$4,613,126$4,407,138$5,445,485
65$5,846,940$4,773,991$4,489,599$5,821,307
66$6,376,097$4,940,685$4,572,769$6,230,949
67$6,957,109$5,113,429$4,656,607$6,677,758
68$7,595,201$5,292,453$4,741,070$7,165,418
69$8,296,124$5,477,997$4,826,109$7,697,986
70$9,066,218$5,670,307$4,911,672$8,279,932
71$9,912,463$5,869,643$4,997,704$8,916,180
72$10,842,552$6,076,274$5,084,145$9,612,154
73$11,864,960$6,290,478$5,170,932$10,373,827
74$12,989,021$6,512,548$5,257,994$11,207,782
75$14,225,023$6,742,784$5,345,258$12,121,269
76$15,584,298$6,981,503$5,432,646$13,122,277
77$17,079,330$7,229,031$5,520,074$14,219,606
78$18,723,877$7,485,709$5,607,452$15,422,952
79$20,533,096$7,751,891$5,694,684$16,742,998
80$22,523,685$8,027,947$5,781,670$18,191,513
81$24,714,044$8,314,260$5,868,299$19,781,466
82$27,124,449$8,611,231$5,954,459$21,527,145
83$29,777,236$8,919,274$6,040,027$23,444,294
84$32,697,019$9,238,824$6,124,873$25,550,258
85$35,910,919$9,570,330$6,208,860$27,864,153
86$39,448,819$9,914,263$6,291,844$30,407,038
87$43,343,647$10,271,110$6,373,669$33,202,120
88$47,631,686$10,641,381$6,454,173$36,274,971
89$52,352,914$11,025,606$6,533,185$39,653,768
90$57,551,386$11,424,335$6,610,521$43,369,558
91$63,275,644$11,838,144$6,685,990$47,456,556
92$69,579,178$12,267,631$6,759,389$51,952,462
93$76,520,929$12,713,420$6,830,503$56,898,818
94$84,165,846$13,176,160$6,899,107$62,341,404
95$92,585,497$13,656,527$6,964,962$68,330,663
96$101,858,748$14,155,226$7,027,818$74,922,185
97$112,072,499$14,672,992$7,087,410$82,177,225
98$123,322,515$15,210,589$7,143,458$90,163,284
99$135,714,319$15,768,815$7,195,671$98,954,745
100$149,364,193$16,348,500$7,243,740$108,633,579