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%14.1%
1 years$363,348$360,111$356,954$353,872$350,862$344,908
2 years$179,875$176,525$173,278$170,131$167,077$161,097
3 years$118,726$115,361$112,123$109,004$106,001$100,180
4 years$88,157$84,803$81,597$78,531$75,601$69,985
5 years$69,820$66,486$63,322$60,320$57,470$52,076
6 years$57,600$54,291$51,174$48,238$45,474$40,307
7 years$48,875$45,594$42,526$39,659$36,983$32,044
8 years$42,334$39,082$36,065$33,269$30,681$25,969
9 years$37,249$34,028$31,063$28,338$25,838$21,351
10 years$33,183$29,994$27,081$24,428$22,015$17,750
11 years$29,859$26,702$23,842$21,259$18,934$14,885
12 years$27,091$23,966$21,159$18,647$16,407$12,570
13 years$24,751$21,658$18,904$16,463$14,308$10,676
14 years$22,746$19,687$16,986$14,614$12,542$9,109
15 years$21,011$17,984$15,336$13,033$11,043$7,803
16 years$19,494$16,500$13,904$11,670$9,760$6,706
17 years$18,156$15,196$12,652$10,485$8,654$5,779
18 years$16,969$14,042$11,550$9,449$7,694$4,991
19 years$15,908$13,014$10,573$8,538$6,858$4,320
20 years$14,954$12,093$9,704$7,733$6,126$3,745
21 years$14,092$11,264$8,925$7,018$5,482$3,251
22 years$13,310$10,515$8,226$6,381$4,914$2,826
23 years$12,597$9,834$7,595$5,811$4,411$2,459
24 years$11,944$9,214$7,024$5,300$3,965$2,142
25 years$11,344$8,647$6,506$4,841$3,568$1,867
26 years$10,791$8,127$6,034$4,426$3,214$1,629
27 years$10,280$7,648$5,603$4,051$2,897$1,421
28 years$9,807$7,207$5,209$3,712$2,614$1,241
29 years$9,367$6,799$4,847$3,404$2,361$1,084
30 years$8,956$6,421$4,515$3,124$2,133$948
31 years$8,574$6,070$4,209$2,869$1,928$829
32 years$8,216$5,743$3,927$2,637$1,744$725
33 years$7,880$5,439$3,667$2,425$1,579$634
34 years$7,564$5,155$3,426$2,231$1,429$555
35 years$7,268$4,889$3,203$2,054$1,295$486
36 years$6,988$4,641$2,997$1,891$1,173$425
37 years$6,724$4,408$2,805$1,743$1,063$372
38 years$6,475$4,189$2,627$1,606$964$326
39 years$6,239$3,983$2,461$1,481$874$285
40 years$6,015$3,790$2,306$1,366$793$250
41 years$5,803$3,607$2,163$1,260$719$219
42 years$5,602$3,436$2,029$1,163$653$192
43 years$5,410$3,273$1,904$1,074$592$168
44 years$5,228$3,120$1,787$991$538$147
45 years$5,054$2,975$1,678$916$488$129
46 years$4,888$2,838$1,576$846$443$113
47 years$4,730$2,709$1,481$781$402$99
48 years$4,579$2,586$1,391$722$365$87
49 years$4,434$2,469$1,308$667$332$76
50 years$4,296$2,359$1,229$617$301$67

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 $3,640 every year, while hoping to spend $35,598 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: 25/48/27 Blend
61$4,400,000$4,400,000$4,400,000$4,400,000
62$4,852,555$4,619,355$4,551,155$4,932,575
63$5,309,639$4,807,827$4,665,742$5,187,794
64$5,812,153$5,004,341$4,782,976$5,457,968
65$6,364,693$5,209,254$4,902,906$5,746,908
66$6,972,323$5,422,939$5,025,584$6,056,211
67$7,640,621$5,645,784$5,151,062$6,387,624
68$8,375,735$5,878,198$5,279,393$6,743,062
69$9,184,437$6,120,607$5,410,630$7,124,619
70$10,074,190$6,373,457$5,544,827$7,534,592
71$11,053,216$6,637,215$5,682,037$7,975,494
72$12,130,573$6,912,367$5,822,314$8,450,083
73$13,316,243$7,199,425$5,965,713$8,961,381
74$14,621,224$7,498,921$6,112,289$9,512,701
75$16,057,636$7,811,415$6,262,097$10,107,680
76$17,638,830$8,137,490$6,415,193$10,750,306
77$19,379,521$8,477,757$6,571,632$11,444,954
78$21,295,920$8,832,855$6,731,470$12,196,430
79$23,405,892$9,203,454$6,894,762$13,010,008
80$25,729,122$9,590,251$7,061,566$13,891,477
81$28,287,300$9,993,981$7,231,935$14,847,199
82$31,104,326$10,415,408$7,405,927$15,884,160
83$34,206,539$10,855,335$7,583,597$17,010,034
84$37,622,959$11,314,599$7,765,001$18,233,255
85$41,385,566$11,794,079$7,950,193$19,563,091
86$45,529,597$12,294,693$8,139,229$21,009,727
87$50,093,886$12,817,402$8,332,162$22,584,362
88$55,121,220$13,363,213$8,529,047$24,299,304
89$60,658,751$13,933,177$8,729,937$26,168,091
90$66,758,439$14,528,398$8,934,885$28,205,605
91$73,477,538$15,150,028$9,143,942$30,428,216
92$80,879,142$15,799,275$9,357,160$32,853,929
93$89,032,777$16,477,401$9,574,587$35,502,548
94$98,015,058$17,185,731$9,796,273$38,395,861
95$107,910,410$17,925,649$10,022,265$41,557,837
96$118,811,870$18,698,604$10,252,609$45,014,851
97$130,821,959$19,506,113$10,487,349$48,795,923
98$144,053,652$20,349,766$10,726,528$52,932,991
99$158,631,445$21,231,225$10,970,188$57,461,202
100$174,692,529$22,152,232$11,218,366$62,419,241