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%13.6%
1 years$421,153$417,402$413,742$410,169$406,681$400,604
2 years$208,492$204,609$200,846$197,197$193,658$187,549
3 years$137,614$133,714$129,960$126,346$122,864$116,914
4 years$102,182$98,294$94,578$91,025$87,628$81,881
5 years$80,928$77,064$73,396$69,916$66,613$61,087
6 years$66,764$62,928$59,315$55,912$52,709$47,410
7 years$56,650$52,847$49,291$45,969$42,866$37,797
8 years$49,068$45,300$41,803$38,562$35,562$30,720
9 years$43,175$39,442$36,005$32,846$29,948$25,332
10 years$38,462$34,766$31,390$28,314$25,517$21,124
11 years$34,610$30,950$27,635$24,641$21,946$17,770
12 years$31,401$27,779$24,525$21,614$19,018$15,055
13 years$28,688$25,104$21,912$19,082$16,584$12,828
14 years$26,365$22,819$19,688$16,939$14,537$10,983
15 years$24,353$20,846$17,775$15,106$12,800$9,440
16 years$22,595$19,125$16,116$13,526$11,312$8,141
17 years$21,045$17,614$14,665$12,153$10,030$7,040
18 years$19,669$16,276$13,387$10,952$8,919$6,103
19 years$18,439$15,084$12,255$9,896$7,949$5,301
20 years$17,333$14,017$11,247$8,963$7,101$4,613
21 years$16,334$13,056$10,345$8,135$6,354$4,020
22 years$15,427$12,188$9,535$7,396$5,696$3,508
23 years$14,601$11,399$8,804$6,736$5,113$3,064
24 years$13,844$10,680$8,142$6,144$4,595$2,679
25 years$13,149$10,023$7,541$5,611$4,135$2,345
26 years$12,508$9,420$6,994$5,130$3,725$2,053
27 years$11,916$8,865$6,495$4,696$3,358$1,799
28 years$11,367$8,353$6,038$4,302$3,030$1,578
29 years$10,857$7,881$5,618$3,945$2,736$1,384
30 years$10,381$7,442$5,233$3,621$2,472$1,215
31 years$9,938$7,035$4,879$3,325$2,235$1,066
32 years$9,523$6,657$4,552$3,056$2,022$937
33 years$9,133$6,304$4,250$2,810$1,830$823
34 years$8,768$5,975$3,971$2,586$1,657$723
35 years$8,424$5,667$3,713$2,380$1,501$635
36 years$8,100$5,379$3,473$2,192$1,360$559
37 years$7,794$5,109$3,251$2,020$1,232$491
38 years$7,505$4,855$3,044$1,862$1,117$432
39 years$7,232$4,617$2,852$1,717$1,013$380
40 years$6,973$4,393$2,673$1,583$919$334
41 years$6,727$4,181$2,507$1,461$834$294
42 years$6,493$3,982$2,351$1,348$756$258
43 years$6,271$3,794$2,207$1,245$686$227
44 years$6,060$3,617$2,071$1,149$623$200
45 years$5,858$3,449$1,945$1,061$566$176
46 years$5,666$3,290$1,827$980$514$155
47 years$5,483$3,140$1,716$906$466$136
48 years$5,307$2,997$1,613$837$424$120
49 years$5,140$2,862$1,516$773$385$106
50 years$4,979$2,734$1,425$715$349$93

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 $5,287 every year, while hoping to spend $21,158 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: 57/19/24 Blend
61$5,100,000$5,100,000$5,100,000$5,100,000
62$5,625,654$5,355,354$5,276,304$5,909,396
63$6,176,958$5,595,254$5,430,548$6,343,877
64$6,783,787$5,846,200$5,589,250$6,814,485
65$7,451,781$6,108,712$5,752,537$7,326,956
66$8,187,155$6,383,331$5,920,540$7,885,337
67$8,996,760$6,670,629$6,093,393$8,494,077
68$9,888,141$6,971,202$6,271,234$9,158,069
69$10,869,615$7,285,675$6,454,204$9,882,696
70$11,950,346$7,614,702$6,642,449$10,673,881
71$13,140,430$7,958,972$6,836,120$11,538,141
72$14,450,993$8,319,201$7,035,370$12,482,647
73$15,894,297$8,696,144$7,240,357$13,515,288
74$17,483,851$9,090,590$7,451,244$14,644,748
75$19,234,541$9,503,367$7,668,199$15,880,587
76$21,162,773$9,935,341$7,891,393$17,233,322
77$23,286,624$10,387,421$8,121,002$18,714,534
78$25,626,013$10,860,558$8,357,209$20,336,970
79$28,202,890$11,355,749$8,600,199$22,114,662
80$31,041,444$11,874,040$8,850,165$24,063,062
81$34,168,329$12,416,525$9,107,303$26,199,177
82$37,612,917$12,984,354$9,371,816$28,541,738
83$41,407,575$13,578,727$9,643,912$31,111,366
84$45,587,969$14,200,906$9,923,805$33,930,770
85$50,193,403$14,852,212$10,211,714$37,024,955
86$55,267,189$15,534,029$10,507,865$40,421,458
87$60,857,054$16,247,808$10,812,490$44,150,608
88$67,015,592$16,995,069$11,125,827$48,245,801
89$73,800,761$17,777,406$11,448,121$52,743,823
90$81,276,429$18,596,490$11,779,623$57,685,186
91$89,512,977$19,454,070$12,120,593$63,114,514
92$98,587,963$20,351,982$12,471,295$69,080,954
93$108,586,855$21,292,148$12,832,003$75,638,644
94$119,603,835$22,276,584$13,202,996$82,847,215
95$131,742,692$23,307,403$13,584,563$90,772,353
96$145,117,800$24,386,819$13,976,999$99,486,416
97$159,855,196$25,517,154$14,380,608$109,069,111
98$176,093,771$26,700,839$14,795,703$119,608,243
99$193,986,580$27,940,425$15,222,604$131,200,541
100$213,702,290$29,238,584$15,661,640$143,952,566