Can I retire at age 62 with 5,200,000?

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 $5,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$429,411$425,586$421,854$418,212$414,655$401,865
2 years$212,580$208,621$204,784$201,063$197,455$184,680
3 years$140,312$136,336$132,509$128,823$125,274$112,916
4 years$104,185$100,221$96,432$92,810$89,346$77,500
5 years$82,515$78,575$74,835$71,287$67,919$56,617
6 years$68,073$64,162$60,478$57,009$53,742$42,993
7 years$57,761$53,883$50,258$46,870$43,707$33,510
8 years$50,031$46,188$42,622$39,318$36,259$26,608
9 years$44,021$40,215$36,711$33,490$30,535$21,420
10 years$39,217$35,447$32,005$28,869$26,018$17,425
11 years$35,288$31,557$28,177$25,125$22,376$14,290
12 years$32,017$28,324$25,006$22,038$19,391$11,795
13 years$29,251$25,596$22,341$19,456$16,909$9,785
14 years$26,882$23,266$20,074$17,271$14,822$8,152
15 years$24,831$21,254$18,124$15,403$13,051$6,814
16 years$23,038$19,500$16,432$13,791$11,534$5,712
17 years$21,458$17,959$14,953$12,391$10,227$4,799
18 years$20,054$16,595$13,650$11,167$9,093$4,040
19 years$18,800$15,380$12,496$10,090$8,105$3,406
20 years$17,673$14,292$11,468$9,139$7,240$2,876
21 years$16,655$13,312$10,548$8,294$6,479$2,431
22 years$15,730$12,427$9,722$7,541$5,807$2,056
23 years$14,887$11,622$8,976$6,868$5,213$1,741
24 years$14,115$10,889$8,302$6,264$4,686$1,475
25 years$13,406$10,219$7,689$5,721$4,216$1,250
26 years$12,753$9,604$7,131$5,231$3,798$1,060
27 years$12,149$9,039$6,622$4,788$3,424$900
28 years$11,590$8,517$6,156$4,387$3,090$764
29 years$11,070$8,035$5,729$4,023$2,790$648
30 years$10,585$7,588$5,336$3,692$2,521$550
31 years$10,133$7,173$4,975$3,391$2,279$468
32 years$9,709$6,787$4,641$3,116$2,062$397
33 years$9,312$6,428$4,334$2,865$1,866$337
34 years$8,940$6,092$4,049$2,636$1,689$287
35 years$8,589$5,778$3,786$2,427$1,530$244
36 years$8,259$5,484$3,541$2,235$1,386$207
37 years$7,947$5,209$3,315$2,059$1,256$176
38 years$7,652$4,950$3,104$1,898$1,139$150
39 years$7,373$4,707$2,908$1,750$1,033$127
40 years$7,109$4,479$2,726$1,614$937$108
41 years$6,859$4,263$2,556$1,489$850$92
42 years$6,620$4,060$2,398$1,375$771$78
43 years$6,394$3,869$2,250$1,269$700$66
44 years$6,178$3,688$2,112$1,172$635$56
45 years$5,973$3,516$1,983$1,082$577$48
46 years$5,777$3,354$1,862$999$524$41
47 years$5,590$3,201$1,750$923$476$35
48 years$5,411$3,056$1,644$853$432$30
49 years$5,241$2,918$1,545$789$392$25
50 years$5,077$2,788$1,453$729$356$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $5,200,000, adding $3,561 every year, while hoping to spend $39,031 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: 46/41/13 Blend
61$5,200,000$5,200,000$5,200,000$5,200,000
62$5,734,073$5,458,473$5,377,873$5,976,633
63$6,277,420$5,684,410$5,516,503$6,371,091
64$6,874,880$5,920,109$5,658,469$6,794,494
65$7,531,932$6,166,008$5,803,842$7,252,954
66$8,254,610$6,422,564$5,952,692$7,749,735
67$9,049,567$6,690,256$6,105,094$8,288,424
68$9,924,128$6,969,584$6,261,120$8,872,961
69$10,886,367$7,261,071$6,420,845$9,507,674
70$11,945,178$7,565,266$6,584,345$10,197,317
71$13,110,363$7,882,741$6,751,698$10,947,116
72$14,392,720$8,214,095$6,922,980$11,762,813
73$15,804,149$8,559,957$7,098,270$12,650,720
74$17,357,759$8,920,981$7,277,649$13,617,777
75$19,067,997$9,297,856$7,461,197$14,671,613
76$20,950,782$9,691,300$7,648,997$15,820,618
77$23,023,653$10,102,065$7,841,129$17,074,017
78$25,305,937$10,530,938$8,037,679$18,441,959
79$27,818,932$10,978,743$8,238,730$19,935,603
80$30,586,103$11,446,342$8,444,367$21,567,229
81$33,633,309$11,934,636$8,654,677$23,350,343
82$36,989,044$12,444,571$8,869,747$25,299,809
83$40,684,706$12,977,134$9,089,663$27,431,979
84$44,754,893$13,533,361$9,314,514$29,764,850
85$49,237,730$14,114,334$9,544,388$32,318,224
86$54,175,228$14,721,186$9,779,375$35,113,898
87$59,613,682$15,355,104$10,019,564$38,175,862
88$65,604,104$16,017,331$10,265,046$41,530,522
89$72,202,709$16,709,166$10,515,911$45,206,945
90$79,471,441$17,431,971$10,772,250$49,237,132
91$87,478,562$18,187,172$11,034,154$53,656,310
92$96,299,292$18,976,260$11,301,715$58,503,264
93$106,016,520$19,800,797$11,575,023$63,820,696
94$116,721,589$20,662,420$11,854,170$69,655,627
95$128,515,154$21,562,841$12,139,247$76,059,828
96$141,508,133$22,503,854$12,430,345$83,090,311
97$155,822,755$23,487,335$12,727,555$90,809,857
98$171,593,714$24,515,253$13,030,966$99,287,601
99$188,969,437$25,589,665$13,340,668$108,599,683
100$208,113,489$26,712,728$13,656,749$118,829,956