Can I retire at age 62 with 5,000,000?

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 $5,000,000?

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$412,895$409,217$405,629$402,127$398,707$392,749
2 years$204,404$200,597$196,907$193,330$189,860$183,871
3 years$134,915$131,092$127,412$123,869$120,455$114,621
4 years$100,178$96,367$92,723$89,240$85,910$80,276
5 years$79,341$75,553$71,957$68,545$65,307$59,890
6 years$65,455$61,694$58,152$54,816$51,675$46,481
7 years$55,539$51,811$48,325$45,067$42,026$37,056
8 years$48,106$44,411$40,983$37,806$34,865$30,118
9 years$42,328$38,668$35,299$32,202$29,361$24,836
10 years$37,708$34,084$30,774$27,759$25,017$20,710
11 years$33,931$30,343$27,093$24,158$21,515$17,422
12 years$30,785$27,234$24,044$21,190$18,645$14,760
13 years$28,126$24,612$21,482$18,708$16,259$12,577
14 years$25,848$22,371$19,302$16,607$14,252$10,767
15 years$23,876$20,437$17,427$14,810$12,549$9,255
16 years$22,152$18,750$15,800$13,261$11,091$7,981
17 years$20,632$17,268$14,377$11,915$9,834$6,902
18 years$19,283$15,957$13,125$10,738$8,744$5,984
19 years$18,077$14,789$12,015$9,702$7,793$5,197
20 years$16,993$13,742$11,027$8,787$6,961$4,523
21 years$16,014$12,800$10,143$7,975$6,230$3,941
22 years$15,125$11,949$9,348$7,251$5,584$3,439
23 years$14,314$11,175$8,631$6,604$5,012$3,004
24 years$13,572$10,471$7,982$6,023$4,505$2,627
25 years$12,891$9,826$7,393$5,501$4,054$2,299
26 years$12,263$9,235$6,857$5,029$3,652$2,013
27 years$11,682$8,691$6,367$4,604$3,292$1,764
28 years$11,144$8,190$5,919$4,218$2,971$1,547
29 years$10,644$7,726$5,508$3,868$2,683$1,357
30 years$10,178$7,296$5,131$3,550$2,424$1,191
31 years$9,743$6,898$4,783$3,260$2,191$1,046
32 years$9,336$6,526$4,463$2,996$1,982$918
33 years$8,954$6,181$4,167$2,755$1,794$807
34 years$8,596$5,858$3,893$2,535$1,624$709
35 years$8,259$5,556$3,640$2,334$1,471$623
36 years$7,941$5,274$3,405$2,149$1,333$548
37 years$7,641$5,009$3,187$1,980$1,208$481
38 years$7,358$4,760$2,985$1,825$1,095$423
39 years$7,090$4,526$2,796$1,683$993$372
40 years$6,836$4,306$2,621$1,552$901$327
41 years$6,595$4,099$2,458$1,432$817$288
42 years$6,366$3,904$2,305$1,322$742$253
43 years$6,148$3,720$2,163$1,220$673$223
44 years$5,941$3,546$2,031$1,127$611$196
45 years$5,743$3,381$1,907$1,040$555$173
46 years$5,555$3,225$1,791$961$504$152
47 years$5,375$3,078$1,682$888$457$134
48 years$5,203$2,938$1,581$820$415$118
49 years$5,039$2,806$1,486$758$377$104
50 years$4,882$2,680$1,397$701$343$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $5,000,000, adding $3,314 every year, while hoping to spend $36,655 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: 68/20/12 Blend
61$5,000,000$5,000,000$5,000,000$5,000,000
62$5,513,418$5,248,418$5,170,918$5,873,666
63$6,036,786$5,466,590$5,305,144$6,331,805
64$6,612,309$5,694,224$5,442,637$6,827,991
65$7,245,269$5,931,745$5,583,469$7,369,708
66$7,941,483$6,179,597$5,727,711$7,961,420
67$8,707,362$6,438,245$5,875,438$8,608,037
68$9,549,970$6,708,176$6,026,722$9,314,964
69$10,477,090$6,989,900$6,181,640$10,088,148
70$11,497,296$7,283,948$6,340,268$10,934,137
71$12,620,037$7,590,878$6,502,684$11,860,138
72$13,855,723$7,911,273$6,668,966$12,874,084
73$15,215,825$8,245,744$6,839,194$13,984,708
74$16,712,982$8,594,928$7,013,450$15,201,627
75$18,361,121$8,959,494$7,191,816$16,535,427
76$20,175,588$9,340,142$7,374,374$17,997,765
77$22,173,291$9,737,603$7,561,209$19,601,476
78$24,372,865$10,152,643$7,752,407$21,360,693
79$26,794,838$10,586,063$7,948,054$23,290,982
80$29,461,835$11,038,704$8,148,237$25,409,481
81$32,398,783$11,511,442$8,353,045$27,735,067
82$35,633,154$12,005,197$8,562,567$30,288,528
83$39,195,216$12,520,932$8,776,893$33,092,761
84$43,118,324$13,059,654$8,996,115$36,172,983
85$47,439,233$13,622,416$9,220,324$39,556,969
86$52,198,443$14,210,324$9,449,614$43,275,313
87$57,440,587$14,824,532$9,684,078$47,361,713
88$63,214,842$15,466,249$9,923,810$51,853,288
89$69,575,404$16,136,744$10,168,906$56,790,928
90$76,581,992$16,837,341$10,419,461$62,219,672
91$84,300,414$17,569,429$10,675,572$68,189,140
92$92,803,187$18,334,462$10,937,334$74,753,989
93$102,170,223$19,133,961$11,204,845$81,974,434
94$112,489,581$19,969,521$11,478,204$89,916,810
95$123,858,301$20,842,810$11,757,506$98,654,196
96$136,383,316$21,755,577$12,042,851$108,267,104
97$150,182,464$22,709,649$12,334,336$118,844,232
98$165,385,599$23,706,945$12,632,059$130,483,303
99$182,135,815$24,749,471$12,936,119$143,291,979
100$200,590,802$25,839,329$13,246,613$157,388,880