Can I retire at age 62 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$445,927$441,955$438,080$434,297$430,604$421,393
2 years$220,756$216,645$212,660$208,797$205,049$195,814
3 years$145,709$141,580$137,605$133,778$130,092$121,121
4 years$108,192$104,076$100,141$96,380$92,783$84,145
5 years$85,689$81,597$77,714$74,029$70,532$62,252
6 years$70,691$66,630$62,804$59,201$55,809$47,896
7 years$59,983$55,956$52,191$48,673$45,388$37,843
8 years$51,955$47,964$44,262$40,830$37,654$30,474
9 years$45,714$41,762$38,123$34,778$31,710$24,891
10 years$40,725$36,811$33,236$29,979$27,018$20,553
11 years$36,645$32,771$29,261$26,091$23,237$17,116
12 years$33,248$29,413$25,968$22,885$20,136$14,352
13 years$30,376$26,581$23,201$20,204$17,559$12,100
14 years$27,916$24,161$20,846$17,935$15,392$10,248
15 years$25,786$22,072$18,821$15,995$13,553$8,712
16 years$23,924$20,250$17,064$14,322$11,978$7,429
17 years$22,283$18,650$15,528$12,868$10,620$6,352
18 years$20,826$17,233$14,175$11,597$9,443$5,443
19 years$19,523$15,972$12,976$10,479$8,417$4,672
20 years$18,353$14,842$11,909$9,490$7,518$4,017
21 years$17,295$13,824$10,954$8,613$6,728$3,458
22 years$16,335$12,905$10,096$7,831$6,031$2,981
23 years$15,459$12,069$9,322$7,132$5,413$2,572
24 years$14,658$11,308$8,621$6,505$4,866$2,221
25 years$13,922$10,612$7,985$5,941$4,378$1,919
26 years$13,244$9,974$7,405$5,432$3,944$1,659
27 years$12,617$9,386$6,877$4,972$3,556$1,435
28 years$12,035$8,845$6,393$4,555$3,208$1,242
29 years$11,495$8,344$5,949$4,177$2,897$1,076
30 years$10,992$7,880$5,541$3,834$2,618$932
31 years$10,522$7,449$5,166$3,521$2,367$807
32 years$10,083$7,049$4,820$3,236$2,141$699
33 years$9,671$6,675$4,500$2,976$1,937$606
34 years$9,284$6,326$4,205$2,738$1,754$526
35 years$8,920$6,001$3,931$2,520$1,589$456
36 years$8,576$5,695$3,678$2,321$1,440$395
37 years$8,253$5,409$3,442$2,139$1,305$343
38 years$7,947$5,141$3,223$1,971$1,183$297
39 years$7,657$4,888$3,020$1,818$1,073$258
40 years$7,383$4,651$2,831$1,676$973$224
41 years$7,122$4,427$2,654$1,547$883$194
42 years$6,875$4,216$2,490$1,427$801$169
43 years$6,640$4,017$2,336$1,318$727$146
44 years$6,416$3,829$2,193$1,217$660$127
45 years$6,203$3,652$2,059$1,124$599$110
46 years$5,999$3,484$1,934$1,038$544$96
47 years$5,805$3,324$1,817$959$494$83
48 years$5,619$3,174$1,707$886$448$72
49 years$5,442$3,031$1,605$819$407$62
50 years$5,272$2,895$1,509$757$370$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $5,400,000, adding $4,885 every year, while hoping to spend $24,999 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: 27/50/23 Blend
61$5,400,000$5,400,000$5,400,000$5,400,000
62$5,955,839$5,669,639$5,585,939$6,073,330
63$6,536,736$5,920,852$5,746,469$6,417,981
64$7,176,046$6,183,538$5,911,539$6,785,268
65$7,879,702$6,458,230$6,081,275$7,179,109
66$8,654,239$6,745,491$6,255,805$7,601,773
67$9,506,860$7,045,908$6,435,263$8,055,743
68$10,445,499$7,360,097$6,619,784$8,543,736
69$11,478,901$7,688,703$6,809,508$9,068,725
70$12,616,701$8,032,402$7,004,578$9,633,966
71$13,869,515$8,391,900$7,205,142$10,243,022
72$15,249,043$8,767,941$7,411,352$10,899,801
73$16,768,175$9,161,299$7,623,362$11,608,582
74$18,441,116$9,572,790$7,841,331$12,374,057
75$20,283,518$10,003,265$8,065,424$13,201,368
76$22,312,630$10,453,618$8,295,809$14,096,156
77$24,547,457$10,924,784$8,532,657$15,064,608
78$27,008,943$11,417,744$8,776,147$16,113,512
79$29,720,167$11,933,525$9,026,459$17,250,317
80$32,706,559$12,473,203$9,283,781$18,483,198
81$35,996,144$13,037,905$9,548,303$19,821,130
82$39,619,802$13,628,814$9,820,222$21,273,969
83$43,611,562$14,247,167$10,099,741$22,852,537
84$48,008,925$14,894,261$10,387,065$24,568,721
85$52,853,211$15,571,455$10,682,408$26,435,579
86$58,189,957$16,280,175$10,985,987$28,467,459
87$64,069,341$17,021,912$11,298,026$30,680,127
88$70,546,658$17,798,230$11,618,754$33,090,911
89$77,682,843$18,610,769$11,948,408$35,718,857
90$85,545,041$19,461,246$12,287,228$38,584,902
91$94,207,249$20,351,460$12,635,464$41,712,065
92$103,751,004$21,283,298$12,993,368$45,125,658
93$114,266,164$22,258,736$13,361,203$48,853,516
94$125,851,745$23,279,846$13,739,235$52,926,249
95$138,616,864$24,348,800$14,127,741$57,377,529
96$152,681,764$25,467,872$14,527,001$62,244,394
97$168,178,953$26,639,446$14,937,304$67,567,589
98$185,254,450$27,866,023$15,358,948$73,391,942
99$204,069,167$29,150,221$15,792,236$79,766,778
100$224,800,427$30,494,786$16,237,480$86,746,371