Can I retire at age 62 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$421,153$417,402$413,742$410,169$406,681$395,248
2 years$208,492$204,609$200,846$197,197$193,658$182,226
3 years$137,614$133,714$129,960$126,346$122,864$111,792
4 years$102,182$98,294$94,578$91,025$87,628$77,000
5 years$80,928$77,064$73,396$69,916$66,613$56,459
6 years$66,764$62,928$59,315$55,912$52,709$43,038
7 years$56,650$52,847$49,291$45,969$42,866$33,679
8 years$49,068$45,300$41,803$38,562$35,562$26,853
9 years$43,175$39,442$36,005$32,846$29,948$21,709
10 years$38,462$34,766$31,390$28,314$25,517$17,737
11 years$34,610$30,950$27,635$24,641$21,946$14,612
12 years$31,401$27,779$24,525$21,614$19,018$12,116
13 years$28,688$25,104$21,912$19,082$16,584$10,100
14 years$26,365$22,819$19,688$16,939$14,537$8,455
15 years$24,353$20,846$17,775$15,106$12,800$7,103
16 years$22,595$19,125$16,116$13,526$11,312$5,984
17 years$21,045$17,614$14,665$12,153$10,030$5,053
18 years$19,669$16,276$13,387$10,952$8,919$4,276
19 years$18,439$15,084$12,255$9,896$7,949$3,624
20 years$17,333$14,017$11,247$8,963$7,101$3,076
21 years$16,334$13,056$10,345$8,135$6,354$2,614
22 years$15,427$12,188$9,535$7,396$5,696$2,224
23 years$14,601$11,399$8,804$6,736$5,113$1,893
24 years$13,844$10,680$8,142$6,144$4,595$1,613
25 years$13,149$10,023$7,541$5,611$4,135$1,375
26 years$12,508$9,420$6,994$5,130$3,725$1,173
27 years$11,916$8,865$6,495$4,696$3,358$1,001
28 years$11,367$8,353$6,038$4,302$3,030$854
29 years$10,857$7,881$5,618$3,945$2,736$729
30 years$10,381$7,442$5,233$3,621$2,472$623
31 years$9,938$7,035$4,879$3,325$2,235$532
32 years$9,523$6,657$4,552$3,056$2,022$455
33 years$9,133$6,304$4,250$2,810$1,830$389
34 years$8,768$5,975$3,971$2,586$1,657$332
35 years$8,424$5,667$3,713$2,380$1,501$284
36 years$8,100$5,379$3,473$2,192$1,360$243
37 years$7,794$5,109$3,251$2,020$1,232$207
38 years$7,505$4,855$3,044$1,862$1,117$177
39 years$7,232$4,617$2,852$1,717$1,013$152
40 years$6,973$4,393$2,673$1,583$919$130
41 years$6,727$4,181$2,507$1,461$834$111
42 years$6,493$3,982$2,351$1,348$756$95
43 years$6,271$3,794$2,207$1,245$686$81
44 years$6,060$3,617$2,071$1,149$623$69
45 years$5,858$3,449$1,945$1,061$566$59
46 years$5,666$3,290$1,827$980$514$51
47 years$5,483$3,140$1,716$906$466$43
48 years$5,307$2,997$1,613$837$424$37
49 years$5,140$2,862$1,516$773$385$32
50 years$4,979$2,734$1,425$715$349$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $5,100,000, adding $3,377 every year, while hoping to spend $44,800 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: 38/49/13 Blend
61$5,100,000$5,100,000$5,100,000$5,100,000
62$5,623,683$5,353,383$5,274,333$5,815,065
63$6,149,632$5,568,032$5,403,357$6,166,412
64$6,727,726$5,791,698$5,535,201$6,541,275
65$7,363,237$6,024,774$5,669,913$6,945,409
66$8,061,973$6,267,673$5,807,540$7,381,462
67$8,830,331$6,520,826$5,948,130$7,852,343
68$9,675,363$6,784,684$6,091,730$8,361,241
69$10,604,834$7,059,718$6,238,387$8,911,658
70$11,627,302$7,346,419$6,388,149$9,507,437
71$12,752,197$7,645,304$6,541,062$10,152,798
72$13,989,907$7,956,909$6,697,173$10,852,373
73$15,351,878$8,281,799$6,856,529$11,611,252
74$16,850,723$8,620,560$7,019,176$12,435,025
75$18,500,338$8,973,809$7,185,159$13,329,833
76$20,316,035$9,342,188$7,354,525$14,302,427
77$22,314,686$9,726,371$7,527,317$15,360,222
78$24,514,882$10,127,061$7,703,580$16,511,372
79$26,937,106$10,544,993$7,883,356$17,764,839
80$29,603,932$10,980,939$8,066,689$19,130,476
81$32,540,229$11,435,701$8,253,620$20,619,118
82$35,773,405$11,910,123$8,444,189$22,242,681
83$39,333,659$12,405,085$8,638,435$24,014,267
84$43,254,266$12,921,508$8,836,397$25,948,292
85$47,571,895$13,460,356$9,038,110$28,060,610
86$52,326,951$14,022,637$9,243,610$30,368,664
87$57,563,959$14,609,405$9,452,930$32,891,648
88$63,331,982$15,221,764$9,666,101$35,650,676
89$69,685,082$15,860,869$9,883,154$38,668,987
90$76,682,835$16,527,926$10,104,114$41,972,154
91$84,390,890$17,224,201$10,329,008$45,588,320
92$92,881,589$17,951,014$10,557,858$49,548,461
93$102,234,648$18,709,751$10,790,683$53,886,676
94$112,537,912$19,501,859$11,027,501$58,640,495
95$123,888,182$20,328,852$11,268,325$63,851,236
96$136,392,128$21,192,318$11,513,166$69,564,386
97$150,167,299$22,093,915$11,762,030$75,830,023
98$165,343,227$23,035,380$12,014,922$82,703,284
99$182,062,654$24,018,532$12,271,839$90,244,877
100$200,482,876$25,045,271$12,532,777$98,521,650