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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.9%
1 years$429,411$425,586$421,854$418,212$414,655$404,631
2 years$212,580$208,621$204,784$201,063$197,455$187,416
3 years$140,312$136,336$132,509$128,823$125,274$115,534
4 years$104,185$100,221$96,432$92,810$89,346$79,980
5 years$82,515$78,575$74,835$71,287$67,919$58,954
6 years$68,073$64,162$60,478$57,009$53,742$45,186
7 years$57,761$53,883$50,258$46,870$43,707$35,560
8 years$50,031$46,188$42,622$39,318$36,259$28,519
9 years$44,021$40,215$36,711$33,490$30,535$23,196
10 years$39,217$35,447$32,005$28,869$26,018$19,071
11 years$35,288$31,557$28,177$25,125$22,376$15,812
12 years$32,017$28,324$25,006$22,038$19,391$13,197
13 years$29,251$25,596$22,341$19,456$16,909$11,075
14 years$26,882$23,266$20,074$17,271$14,822$9,335
15 years$24,831$21,254$18,124$15,403$13,051$7,897
16 years$23,038$19,500$16,432$13,791$11,534$6,701
17 years$21,458$17,959$14,953$12,391$10,227$5,700
18 years$20,054$16,595$13,650$11,167$9,093$4,859
19 years$18,800$15,380$12,496$10,090$8,105$4,150
20 years$17,673$14,292$11,468$9,139$7,240$3,549
21 years$16,655$13,312$10,548$8,294$6,479$3,039
22 years$15,730$12,427$9,722$7,541$5,807$2,605
23 years$14,887$11,622$8,976$6,868$5,213$2,235
24 years$14,115$10,889$8,302$6,264$4,686$1,920
25 years$13,406$10,219$7,689$5,721$4,216$1,650
26 years$12,753$9,604$7,131$5,231$3,798$1,418
27 years$12,149$9,039$6,622$4,788$3,424$1,220
28 years$11,590$8,517$6,156$4,387$3,090$1,050
29 years$11,070$8,035$5,729$4,023$2,790$904
30 years$10,585$7,588$5,336$3,692$2,521$778
31 years$10,133$7,173$4,975$3,391$2,279$670
32 years$9,709$6,787$4,641$3,116$2,062$578
33 years$9,312$6,428$4,334$2,865$1,866$498
34 years$8,940$6,092$4,049$2,636$1,689$429
35 years$8,589$5,778$3,786$2,427$1,530$370
36 years$8,259$5,484$3,541$2,235$1,386$319
37 years$7,947$5,209$3,315$2,059$1,256$275
38 years$7,652$4,950$3,104$1,898$1,139$237
39 years$7,373$4,707$2,908$1,750$1,033$204
40 years$7,109$4,479$2,726$1,614$937$176
41 years$6,859$4,263$2,556$1,489$850$152
42 years$6,620$4,060$2,398$1,375$771$131
43 years$6,394$3,869$2,250$1,269$700$113
44 years$6,178$3,688$2,112$1,172$635$98
45 years$5,973$3,516$1,983$1,082$577$84
46 years$5,777$3,354$1,862$999$524$73
47 years$5,590$3,201$1,750$923$476$63
48 years$5,411$3,056$1,644$853$432$54
49 years$5,241$2,918$1,545$789$392$47
50 years$5,077$2,788$1,453$729$356$40

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 $5,303 every year, while hoping to spend $23,496 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: 74/20/6 Blend
61$5,200,000$5,200,000$5,200,000$5,200,000
62$5,735,870$5,460,270$5,379,670$6,156,168
63$6,295,929$5,702,824$5,534,889$6,676,057
64$6,912,327$5,956,475$5,694,521$7,241,901
65$7,590,785$6,221,743$5,858,688$7,861,074
66$8,337,608$6,499,171$6,027,517$8,538,840
67$9,159,742$6,789,329$6,201,137$9,280,991
68$10,064,843$7,092,813$6,379,683$10,093,903
69$11,061,344$7,410,248$6,563,289$10,984,593
70$12,158,540$7,742,290$6,752,098$11,960,788
71$13,366,672$8,089,622$6,946,254$13,030,990
72$14,697,024$8,452,965$7,145,905$14,204,563
73$16,162,030$8,833,070$7,351,203$15,491,815
74$17,775,394$9,230,727$7,562,305$16,904,093
75$19,552,213$9,646,761$7,779,370$18,453,894
76$21,509,125$10,082,039$8,002,566$20,154,978
77$23,664,463$10,537,466$8,232,059$22,022,495
78$26,038,430$11,013,994$8,468,025$24,073,132
79$28,653,288$11,512,618$8,710,642$26,325,262
80$31,533,568$12,034,381$8,960,093$28,799,120
81$34,706,302$12,580,376$9,216,566$31,516,991
82$38,201,279$13,151,748$9,480,255$34,503,420
83$42,051,324$13,749,699$9,751,359$37,785,440
84$46,292,610$14,375,484$10,030,079$41,392,825
85$50,964,996$15,030,423$10,316,627$45,358,369
86$56,112,407$15,715,895$10,611,216$49,718,195
87$61,783,247$16,433,349$10,914,066$54,512,094
88$68,030,856$17,184,300$11,225,405$59,783,894
89$74,914,010$17,970,338$11,545,463$65,581,875
90$82,497,482$18,793,128$11,874,479$71,959,223
91$90,852,650$19,654,415$12,212,698$78,974,525
92$100,058,167$20,556,029$12,560,371$86,692,322
93$110,200,712$21,499,886$12,917,755$95,183,716
94$121,375,800$22,487,995$13,285,115$104,527,036
95$133,688,686$23,522,462$13,662,722$114,808,575
96$147,255,363$24,605,494$14,050,853$126,123,402
97$162,203,650$25,739,402$14,449,796$138,576,255
98$178,674,401$26,926,612$14,859,844$152,282,524
99$196,822,837$28,169,663$15,281,296$167,369,340
100$216,820,009$29,471,219$15,714,461$183,976,771