Can I retire at age 62 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$379,864$376,480$373,179$369,957$366,810$353,374
2 years$188,051$184,549$181,155$177,864$174,672$161,284
3 years$124,122$120,605$117,219$113,959$110,819$97,902
4 years$92,164$88,657$85,306$82,101$79,037$66,688
5 years$72,994$69,508$66,201$63,062$60,083$48,335
6 years$60,218$56,759$53,500$50,431$47,541$36,403
7 years$51,096$47,666$44,459$41,462$38,664$28,132
8 years$44,258$40,859$37,704$34,781$32,075$22,140
9 years$38,942$35,575$32,475$29,626$27,012$17,661
10 years$34,692$31,357$28,312$25,538$23,016$14,231
11 years$31,216$27,916$24,926$22,226$19,794$11,558
12 years$28,322$25,056$22,121$19,495$17,153$9,445
13 years$25,876$22,643$19,764$17,211$14,958$7,756
14 years$23,780$20,582$17,758$15,278$13,112$6,395
15 years$21,966$18,802$16,033$13,625$11,545$5,289
16 years$20,380$17,250$14,536$12,200$10,203$4,386
17 years$18,982$15,887$13,227$10,962$9,047$3,644
18 years$17,740$14,680$12,075$9,879$8,044$3,034
19 years$16,631$13,605$11,054$8,926$7,170$2,529
20 years$15,634$12,643$10,145$8,084$6,404$2,111
21 years$14,733$11,776$9,331$7,337$5,731$1,763
22 years$13,915$10,993$8,600$6,671$5,137$1,474
23 years$13,169$10,281$7,941$6,075$4,611$1,234
24 years$12,487$9,633$7,344$5,541$4,145$1,033
25 years$11,860$9,040$6,802$5,061$3,730$865
26 years$11,282$8,496$6,308$4,627$3,360$725
27 years$10,748$7,996$5,858$4,235$3,029$607
28 years$10,252$7,534$5,446$3,880$2,733$509
29 years$9,792$7,108$5,068$3,558$2,468$427
30 years$9,364$6,713$4,720$3,266$2,230$358
31 years$8,963$6,346$4,401$2,999$2,016$301
32 years$8,589$6,004$4,106$2,756$1,824$252
33 years$8,238$5,686$3,834$2,535$1,650$212
34 years$7,908$5,389$3,582$2,332$1,494$178
35 years$7,598$5,112$3,349$2,147$1,353$149
36 years$7,306$4,852$3,133$1,977$1,226$125
37 years$7,030$4,608$2,932$1,822$1,111$105
38 years$6,769$4,379$2,746$1,679$1,008$88
39 years$6,523$4,164$2,573$1,548$914$74
40 years$6,289$3,962$2,411$1,428$829$62
41 years$6,067$3,771$2,261$1,318$752$52
42 years$5,856$3,592$2,121$1,216$682$44
43 years$5,656$3,422$1,990$1,122$619$37
44 years$5,465$3,262$1,868$1,036$562$31
45 years$5,284$3,111$1,754$957$510$26
46 years$5,110$2,967$1,648$884$463$22
47 years$4,945$2,832$1,548$817$421$18
48 years$4,787$2,703$1,455$755$382$15
49 years$4,636$2,582$1,367$698$347$13
50 years$4,491$2,466$1,285$645$315$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $4,600,000, adding $2,806 every year, while hoping to spend $22,620 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: 45/49/6 Blend
61$4,600,000$4,600,000$4,600,000$4,600,000
62$5,072,094$4,828,294$4,756,994$5,291,816
63$5,565,381$5,040,813$4,892,286$5,656,002
64$6,108,224$5,262,988$5,031,352$6,048,076
65$6,705,655$5,495,266$5,174,295$6,472,656
66$7,363,217$5,738,120$5,321,219$6,932,739
67$8,087,019$5,992,042$5,472,234$7,431,615
68$8,883,791$6,257,547$5,627,449$7,972,893
69$9,760,947$6,535,177$5,786,979$8,560,536
70$10,726,661$6,825,498$5,950,940$9,198,894
71$11,789,935$7,129,102$6,119,451$9,892,744
72$12,960,692$7,446,611$6,292,636$10,647,335
73$14,249,864$7,778,676$6,470,620$11,468,428
74$15,669,497$8,125,979$6,653,534$12,362,358
75$17,232,867$8,489,233$6,841,508$13,336,083
76$18,954,601$8,869,186$7,034,680$14,397,248
77$20,850,816$9,266,623$7,233,188$15,554,259
78$22,939,276$9,682,364$7,437,176$16,816,354
79$25,239,551$10,117,268$7,646,790$18,193,691
80$27,773,208$10,572,238$7,862,181$19,697,437
81$30,564,015$11,048,217$8,083,503$21,339,872
82$33,638,159$11,546,194$8,310,915$23,134,502
83$37,024,499$12,067,205$8,544,578$25,096,181
84$40,754,836$12,612,336$8,784,660$27,241,247
85$44,864,213$13,182,724$9,031,330$29,587,673
86$49,391,246$13,779,562$9,284,763$32,155,232
87$54,378,490$14,404,097$9,545,140$34,965,681
88$59,872,837$15,057,639$9,812,643$38,042,957
89$65,925,961$15,741,558$10,087,461$41,413,403
90$72,594,806$16,457,291$10,369,788$45,106,006
91$79,942,121$17,206,344$10,659,821$49,152,671
92$88,037,056$17,990,293$10,957,763$53,588,512
93$96,955,811$18,810,792$11,263,823$58,452,181
94$106,782,356$19,669,574$11,578,214$63,786,220
95$117,609,227$20,568,453$11,901,154$69,637,466
96$129,538,392$21,509,331$12,232,867$76,057,477
97$142,682,223$22,494,203$12,573,583$83,103,016
98$157,164,548$23,525,158$12,923,537$90,836,580
99$173,121,826$24,604,385$13,282,969$99,326,977
100$190,704,431$25,734,178$13,652,127$108,649,974