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%13.6%
1 years$338,574$335,558$332,616$329,744$326,940$322,054
2 years$167,611$164,489$161,464$158,531$155,686$150,774
3 years$110,631$107,496$104,478$101,572$98,773$93,989
4 years$82,146$79,021$76,033$73,177$70,446$65,826
5 years$65,060$61,953$59,005$56,207$53,552$49,109
6 years$53,673$50,589$47,685$44,949$42,374$38,114
7 years$45,542$42,485$39,626$36,955$34,461$30,386
8 years$39,447$36,417$33,606$31,001$28,589$24,697
9 years$34,709$31,708$28,945$26,406$24,076$20,365
10 years$30,921$27,949$25,235$22,762$20,514$16,982
11 years$27,823$24,881$22,216$19,810$17,643$14,286
12 years$25,244$22,332$19,716$17,376$15,289$12,103
13 years$23,063$20,182$17,615$15,340$13,332$10,313
14 years$21,195$18,345$15,827$13,617$11,687$8,829
15 years$19,578$16,758$14,290$12,144$10,290$7,589
16 years$18,165$15,375$12,956$10,874$9,094$6,545
17 years$16,918$14,160$11,790$9,770$8,064$5,660
18 years$15,812$13,085$10,762$8,805$7,170$4,906
19 years$14,823$12,127$9,852$7,956$6,391$4,262
20 years$13,935$11,269$9,042$7,206$5,708$3,709
21 years$13,132$10,496$8,317$6,540$5,108$3,232
22 years$12,402$9,798$7,665$5,946$4,579$2,820
23 years$11,738$9,164$7,078$5,415$4,110$2,463
24 years$11,129$8,586$6,546$4,939$3,694$2,154
25 years$10,570$8,057$6,062$4,510$3,324$1,885
26 years$10,055$7,573$5,623$4,124$2,994$1,651
27 years$9,579$7,127$5,221$3,775$2,700$1,447
28 years$9,138$6,716$4,854$3,459$2,436$1,268
29 years$8,728$6,335$4,517$3,172$2,200$1,113
30 years$8,346$5,983$4,207$2,911$1,988$977
31 years$7,989$5,656$3,922$2,673$1,797$857
32 years$7,655$5,352$3,660$2,457$1,625$753
33 years$7,342$5,068$3,417$2,259$1,471$661
34 years$7,049$4,803$3,193$2,079$1,332$581
35 years$6,772$4,556$2,985$1,914$1,206$511
36 years$6,512$4,324$2,792$1,762$1,093$449
37 years$6,266$4,107$2,614$1,624$991$395
38 years$6,034$3,903$2,447$1,497$898$347
39 years$5,814$3,712$2,293$1,380$814$305
40 years$5,605$3,531$2,149$1,273$739$269
41 years$5,408$3,361$2,015$1,174$670$236
42 years$5,220$3,201$1,890$1,084$608$208
43 years$5,041$3,050$1,774$1,000$552$183
44 years$4,871$2,907$1,665$924$501$161
45 years$4,709$2,773$1,563$853$455$142
46 years$4,555$2,645$1,468$788$413$125
47 years$4,408$2,524$1,380$728$375$110
48 years$4,267$2,410$1,296$673$341$96
49 years$4,132$2,301$1,219$622$309$85
50 years$4,003$2,198$1,146$575$281$75

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 $6,739 every year, while hoping to spend $37,323 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: 52/43/5 Blend
61$4,100,000$4,100,000$4,100,000$4,100,000
62$4,525,151$4,307,851$4,244,301$4,755,033
63$4,947,005$4,479,225$4,346,774$5,082,905
64$5,410,638$4,657,744$4,451,429$5,434,612
65$5,920,270$4,843,721$4,558,299$5,816,161
66$6,480,554$5,037,480$4,667,418$6,230,365
67$7,096,614$5,239,360$4,778,820$6,680,314
68$7,774,096$5,449,716$4,892,538$7,169,408
69$8,519,221$5,668,919$5,008,605$7,701,378
70$9,338,841$5,897,356$5,127,053$8,280,330
71$10,240,509$6,135,432$5,247,915$8,910,773
72$11,232,543$6,383,571$5,371,223$9,597,670
73$12,324,111$6,642,215$5,497,008$10,346,474
74$13,525,314$6,911,826$5,625,301$11,163,184
75$14,847,279$7,192,889$5,756,132$12,054,396
76$16,302,271$7,485,910$5,889,531$13,027,368
77$17,903,799$7,791,416$6,025,527$14,090,082
78$19,666,752$8,109,961$6,164,148$15,251,320
79$21,607,534$8,442,123$6,305,420$16,520,746
80$23,744,222$8,788,506$6,449,371$17,908,990
81$26,096,732$9,149,742$6,596,025$19,427,755
82$28,687,013$9,526,493$6,745,405$21,089,915
83$31,539,247$9,919,450$6,897,535$22,909,642
84$34,680,082$10,329,336$7,052,435$24,902,535
85$38,138,884$10,756,907$7,210,125$27,085,761
86$41,948,009$11,202,954$7,370,623$29,478,222
87$46,143,111$11,668,304$7,533,944$32,100,722
88$50,763,481$12,153,823$7,700,104$34,976,168
89$55,852,413$12,660,417$7,869,114$38,129,778
90$61,457,613$13,189,032$8,040,984$41,589,318
91$67,631,655$13,740,659$8,215,721$45,385,362
92$74,432,467$14,316,335$8,393,331$49,551,574
93$81,923,887$14,917,144$8,573,817$54,125,024
94$90,176,261$15,544,221$8,757,176$59,146,535
95$99,267,105$16,198,753$8,943,407$64,661,063
96$109,281,840$16,881,983$9,132,502$70,718,118
97$120,314,597$17,595,209$9,324,450$77,372,227
98$132,469,105$18,339,793$9,519,238$84,683,444
99$145,859,668$19,117,158$9,716,847$92,717,910
100$160,612,249$19,928,793$9,917,256$101,548,479