Can I retire at age 62 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$363,348$360,111$356,954$353,872$350,862$341,825
2 years$179,875$176,525$173,278$170,131$167,077$158,033
3 years$118,726$115,361$112,123$109,004$106,001$97,232
4 years$88,157$84,803$81,597$78,531$75,601$67,175
5 years$69,820$66,486$63,322$60,320$57,470$49,411
6 years$57,600$54,291$51,174$48,238$45,474$37,789
7 years$48,875$45,594$42,526$39,659$36,983$29,672
8 years$42,334$39,082$36,065$33,269$30,681$23,741
9 years$37,249$34,028$31,063$28,338$25,838$19,263
10 years$33,183$29,994$27,081$24,428$22,015$15,798
11 years$29,859$26,702$23,842$21,259$18,934$13,065
12 years$27,091$23,966$21,159$18,647$16,407$10,876
13 years$24,751$21,658$18,904$16,463$14,308$9,103
14 years$22,746$19,687$16,986$14,614$12,542$7,652
15 years$21,011$17,984$15,336$13,033$11,043$6,455
16 years$19,494$16,500$13,904$11,670$9,760$5,462
17 years$18,156$15,196$12,652$10,485$8,654$4,633
18 years$16,969$14,042$11,550$9,449$7,694$3,937
19 years$15,908$13,014$10,573$8,538$6,858$3,352
20 years$14,954$12,093$9,704$7,733$6,126$2,858
21 years$14,092$11,264$8,925$7,018$5,482$2,440
22 years$13,310$10,515$8,226$6,381$4,914$2,085
23 years$12,597$9,834$7,595$5,811$4,411$1,784
24 years$11,944$9,214$7,024$5,300$3,965$1,527
25 years$11,344$8,647$6,506$4,841$3,568$1,308
26 years$10,791$8,127$6,034$4,426$3,214$1,121
27 years$10,280$7,648$5,603$4,051$2,897$961
28 years$9,807$7,207$5,209$3,712$2,614$824
29 years$9,367$6,799$4,847$3,404$2,361$707
30 years$8,956$6,421$4,515$3,124$2,133$607
31 years$8,574$6,070$4,209$2,869$1,928$521
32 years$8,216$5,743$3,927$2,637$1,744$448
33 years$7,880$5,439$3,667$2,425$1,579$384
34 years$7,564$5,155$3,426$2,231$1,429$330
35 years$7,268$4,889$3,203$2,054$1,295$284
36 years$6,988$4,641$2,997$1,891$1,173$244
37 years$6,724$4,408$2,805$1,743$1,063$209
38 years$6,475$4,189$2,627$1,606$964$180
39 years$6,239$3,983$2,461$1,481$874$155
40 years$6,015$3,790$2,306$1,366$793$133
41 years$5,803$3,607$2,163$1,260$719$114
42 years$5,602$3,436$2,029$1,163$653$98
43 years$5,410$3,273$1,904$1,074$592$84
44 years$5,228$3,120$1,787$991$538$73
45 years$5,054$2,975$1,678$916$488$62
46 years$4,888$2,838$1,576$846$443$54
47 years$4,730$2,709$1,481$781$402$46
48 years$4,579$2,586$1,391$722$365$40
49 years$4,434$2,469$1,308$667$332$34
50 years$4,296$2,359$1,229$617$301$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $4,400,000, adding $6,255 every year, while hoping to spend $48,214 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: 50/34/16 Blend
61$4,400,000$4,400,000$4,400,000$4,400,000
62$4,855,252$4,622,052$4,553,852$5,076,299
63$5,299,188$4,797,233$4,655,107$5,404,348
64$5,786,790$4,979,382$4,758,138$5,755,138
65$6,322,461$5,168,790$4,862,953$6,135,300
66$6,911,051$5,365,759$4,969,561$6,547,618
67$7,557,903$5,570,607$5,077,966$6,995,150
68$8,268,905$5,783,662$5,188,174$7,481,258
69$9,050,542$6,005,270$5,300,186$8,009,639
70$9,909,959$6,235,791$5,414,005$8,584,359
71$10,855,030$6,475,599$5,529,628$9,209,889
72$11,894,426$6,725,087$5,647,055$9,891,147
73$13,037,705$6,984,664$5,766,278$10,633,545
74$14,295,395$7,254,756$5,887,292$11,443,035
75$15,679,096$7,535,810$6,010,088$12,326,167
76$17,201,590$7,828,291$6,134,652$13,290,147
77$18,876,961$8,132,686$6,260,971$14,342,906
78$20,720,724$8,449,501$6,389,027$15,493,172
79$22,749,978$8,779,267$6,518,800$16,750,553
80$24,983,562$9,122,537$6,650,266$18,125,621
81$27,442,234$9,479,890$6,783,398$19,630,018
82$30,148,867$9,851,929$6,918,167$21,276,555
83$33,128,662$10,239,285$7,054,537$23,079,340
84$36,409,393$10,642,617$7,192,470$25,053,903
85$40,021,658$11,062,612$7,331,925$27,217,343
86$43,999,177$11,499,990$7,472,855$29,588,489
87$48,379,106$11,955,503$7,615,208$32,188,073
88$53,202,386$12,429,933$7,758,929$35,038,925
89$58,514,131$12,924,102$7,903,955$38,166,185
90$64,364,056$13,438,866$8,050,221$41,597,539
91$70,806,939$13,975,120$8,197,653$45,363,480
92$77,903,146$14,533,800$8,346,173$49,497,589
93$85,719,193$15,115,883$8,495,696$54,036,852
94$94,328,380$15,722,390$8,646,131$59,022,006
95$103,811,478$16,354,390$8,797,379$64,497,921
96$114,257,492$17,012,998$8,949,335$70,514,020
97$125,764,502$17,699,382$9,101,884$77,124,742
98$138,440,590$18,414,760$9,254,905$84,390,055
99$152,404,853$19,160,406$9,408,268$92,376,016
100$167,788,536$19,937,654$9,561,833$101,155,393