Can I retire at age 62 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$355,090$351,927$348,841$345,829$342,888$332,445
2 years$175,787$172,513$169,340$166,264$163,280$152,848
3 years$116,027$112,739$109,574$106,527$103,592$93,498
4 years$86,153$82,875$79,742$76,747$73,882$64,205
5 years$68,234$64,975$61,883$58,949$56,164$46,929
6 years$56,291$53,057$50,011$47,142$44,441$35,656
7 years$47,764$44,557$41,559$38,758$36,142$27,807
8 years$41,371$38,194$35,245$32,513$29,984$22,093
9 years$36,402$33,255$30,357$27,694$25,250$17,796
10 years$32,429$29,312$26,466$23,872$21,515$14,486
11 years$29,181$26,095$23,300$20,776$18,503$11,887
12 years$26,475$23,422$20,678$18,223$16,035$9,818
13 years$24,188$21,166$18,475$16,089$13,982$8,151
14 years$22,229$19,239$16,600$14,282$12,257$6,795
15 years$20,533$17,576$14,987$12,737$10,792$5,684
16 years$19,051$16,125$13,588$11,404$9,538$4,768
17 years$17,744$14,851$12,365$10,247$8,457$4,009
18 years$16,583$13,723$11,287$9,234$7,520$3,377
19 years$15,546$12,718$10,333$8,344$6,702$2,850
20 years$14,614$11,818$9,483$7,557$5,987$2,408
21 years$13,772$11,008$8,723$6,859$5,357$2,037
22 years$13,007$10,276$8,039$6,236$4,802$1,724
23 years$12,310$9,611$7,423$5,679$4,311$1,461
24 years$11,672$9,005$6,865$5,180$3,875$1,239
25 years$11,086$8,450$6,358$4,731$3,487$1,051
26 years$10,546$7,942$5,897$4,325$3,141$892
27 years$10,047$7,474$5,476$3,959$2,831$757
28 years$9,584$7,043$5,090$3,627$2,555$643
29 years$9,154$6,644$4,737$3,326$2,307$547
30 years$8,753$6,275$4,412$3,053$2,085$465
31 years$8,379$5,932$4,114$2,804$1,885$395
32 years$8,029$5,613$3,838$2,577$1,705$336
33 years$7,701$5,315$3,584$2,369$1,543$286
34 years$7,393$5,038$3,348$2,180$1,397$243
35 years$7,103$4,778$3,130$2,007$1,265$207
36 years$6,829$4,535$2,928$1,848$1,146$176
37 years$6,572$4,307$2,741$1,703$1,039$149
38 years$6,328$4,094$2,567$1,570$942$127
39 years$6,097$3,893$2,405$1,447$854$108
40 years$5,879$3,704$2,254$1,335$775$92
41 years$5,671$3,525$2,114$1,232$703$78
42 years$5,475$3,357$1,983$1,137$638$67
43 years$5,287$3,199$1,860$1,049$579$57
44 years$5,109$3,049$1,746$969$525$48
45 years$4,939$2,908$1,640$895$477$41
46 years$4,777$2,774$1,540$826$433$35
47 years$4,623$2,647$1,447$764$393$30
48 years$4,475$2,527$1,360$706$357$25
49 years$4,334$2,413$1,278$652$324$22
50 years$4,198$2,305$1,202$603$295$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $4,300,000, adding $3,720 every year, while hoping to spend $49,073 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$4,300,000$4,300,000$4,300,000$4,300,000
62$4,742,437$4,514,537$4,447,887$4,992,214
63$5,173,952$4,683,536$4,544,678$5,331,881
64$5,647,838$4,859,171$4,643,067$5,696,746
65$6,168,363$5,041,716$4,743,055$6,093,842
66$6,740,231$5,231,456$4,844,643$6,526,318
67$7,368,625$5,428,688$4,947,829$6,997,641
68$8,059,253$5,633,722$5,052,610$7,511,626
69$8,818,405$5,846,882$5,158,980$8,072,475
70$9,653,009$6,068,506$5,266,932$8,684,813
71$10,570,699$6,298,946$5,376,458$9,353,734
72$11,579,886$6,538,570$5,487,544$10,084,845
73$12,689,835$6,787,761$5,600,178$10,884,323
74$13,910,757$7,046,919$5,714,343$11,758,966
75$15,253,899$7,316,463$5,830,018$12,716,265
76$16,731,655$7,596,829$5,947,182$13,764,468
77$18,357,681$7,888,470$6,065,810$14,912,659
78$20,147,023$8,191,864$6,185,873$16,170,842
79$22,116,258$8,507,504$6,307,339$17,550,040
80$24,283,654$8,835,910$6,430,172$19,062,390
81$26,669,338$9,177,620$6,554,334$20,721,264
82$29,295,487$9,533,201$6,679,781$22,541,390
83$32,186,539$9,903,239$6,806,466$24,538,993
84$35,369,420$10,288,352$6,934,336$26,731,947
85$38,873,799$10,689,180$7,063,336$29,139,943
86$42,732,372$11,106,395$7,193,402$31,784,670
87$46,981,163$11,540,697$7,324,470$34,690,027
88$51,659,868$11,992,818$7,456,466$37,882,341
89$56,812,229$12,463,521$7,589,313$41,390,616
90$62,486,448$12,953,605$7,722,926$45,246,809
91$68,735,637$13,463,903$7,857,216$49,486,126
92$75,618,325$13,995,286$7,992,085$54,147,358
93$83,199,003$14,548,664$8,127,429$59,273,243
94$91,548,740$15,124,988$8,263,136$64,910,871
95$100,745,848$15,725,249$8,399,089$71,112,123
96$110,876,625$16,350,486$8,535,158$77,934,166
97$122,036,164$17,001,783$8,671,209$85,439,985
98$134,329,254$17,680,273$8,807,096$93,698,982
99$147,871,370$18,387,138$8,942,666$102,787,628
100$162,789,759$19,123,616$9,077,754$112,790,181