Can I retire at age 62 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$487,216$482,877$478,642$474,510$470,474$462,680
2 years$241,196$236,704$232,351$228,130$224,035$216,206
3 years$159,200$154,689$150,346$146,165$142,137$134,516
4 years$118,210$113,713$109,414$105,304$101,373$94,019
5 years$93,623$89,152$84,909$80,883$77,063$69,996
6 years$77,236$72,799$68,619$64,683$60,977$54,206
7 years$65,536$61,137$57,023$53,179$49,591$43,118
8 years$56,765$52,406$48,360$44,611$41,140$34,965
9 years$49,947$45,628$41,653$37,999$34,646$28,764
10 years$44,496$40,219$36,314$32,755$29,520$23,927
11 years$40,038$35,805$31,970$28,507$25,388$20,078
12 years$36,327$32,136$28,373$25,004$22,001$16,966
13 years$33,188$29,042$25,349$22,075$19,185$14,419
14 years$30,501$26,398$22,776$19,596$16,818$12,312
15 years$28,174$24,115$20,564$17,476$14,808$10,553
16 years$26,139$22,125$18,644$15,648$13,087$9,076
17 years$24,346$20,377$16,965$14,059$11,604$7,826
18 years$22,754$18,829$15,487$12,670$10,318$6,765
19 years$21,331$17,450$14,178$11,449$9,196$5,859
20 years$20,052$16,216$13,012$10,369$8,214$5,083
21 years$18,897$15,104$11,968$9,411$7,351$4,416
22 years$17,847$14,099$11,031$8,556$6,589$3,842
23 years$16,891$13,187$10,185$7,792$5,915$3,346
24 years$16,015$12,355$9,419$7,107$5,316$2,916
25 years$15,211$11,595$8,724$6,491$4,784$2,544
26 years$14,470$10,897$8,091$5,935$4,309$2,221
27 years$13,785$10,256$7,513$5,432$3,885$1,940
28 years$13,150$9,664$6,985$4,977$3,506$1,695
29 years$12,560$9,117$6,500$4,564$3,165$1,483
30 years$12,010$8,610$6,054$4,189$2,860$1,297
31 years$11,497$8,139$5,644$3,847$2,586$1,135
32 years$11,016$7,701$5,266$3,535$2,339$993
33 years$10,566$7,293$4,917$3,251$2,117$870
34 years$10,143$6,912$4,594$2,991$1,917$762
35 years$9,745$6,556$4,295$2,754$1,736$667
36 years$9,371$6,223$4,018$2,536$1,573$584
37 years$9,017$5,910$3,761$2,337$1,426$512
38 years$8,682$5,617$3,522$2,154$1,292$449
39 years$8,366$5,341$3,300$1,986$1,172$393
40 years$8,066$5,082$3,093$1,832$1,063$345
41 years$7,782$4,837$2,900$1,690$964$302
42 years$7,512$4,607$2,720$1,560$875$265
43 years$7,255$4,389$2,553$1,440$794$232
44 years$7,010$4,184$2,396$1,329$721$204
45 years$6,777$3,990$2,250$1,228$654$179
46 years$6,555$3,806$2,113$1,134$594$157
47 years$6,343$3,632$1,985$1,048$540$137
48 years$6,140$3,467$1,866$968$490$120
49 years$5,946$3,311$1,754$895$445$106
50 years$5,760$3,163$1,649$827$404$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $5,900,000, adding $5,324 every year, while hoping to spend $53,674 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: 52/35/13 Blend
61$5,900,000$5,900,000$5,900,000$5,900,000
62$6,507,292$6,194,592$6,103,142$6,822,861
63$7,113,927$6,441,018$6,250,488$7,285,426
64$7,780,640$6,697,720$6,400,972$7,782,080
65$8,513,502$6,965,145$6,554,641$8,321,008
66$9,319,202$7,243,760$6,711,544$8,906,224
67$10,205,108$7,534,053$6,871,730$9,542,134
68$11,179,341$7,836,533$7,035,244$10,233,584
69$12,250,845$8,151,735$7,202,136$10,985,905
70$13,429,476$8,480,214$7,372,452$11,804,953
71$14,726,092$8,822,554$7,546,239$12,697,171
72$16,152,657$9,179,362$7,723,541$13,669,646
73$17,722,353$9,551,277$7,904,406$14,730,170
74$19,449,706$9,938,962$8,088,876$15,887,318
75$21,350,718$10,343,113$8,276,995$17,150,522
76$23,443,024$10,764,458$8,468,807$18,530,159
77$25,746,052$11,203,756$8,664,352$20,037,648
78$28,281,212$11,661,803$8,863,671$21,685,554
79$31,072,094$12,139,430$9,066,802$23,487,707
80$34,144,692$12,637,506$9,273,783$25,459,326
81$37,527,646$13,156,940$9,484,651$27,617,163
82$41,252,518$13,698,682$9,699,439$29,979,656
83$45,354,084$14,263,726$9,918,179$32,567,104
84$49,870,665$14,853,113$10,140,902$35,401,853
85$54,844,486$15,467,929$10,367,636$38,508,501
86$60,322,079$16,109,312$10,598,407$41,914,135
87$66,354,714$16,778,452$10,833,237$45,648,575
88$72,998,892$17,476,593$11,072,147$49,744,658
89$80,316,869$18,205,037$11,315,155$54,238,541
90$88,377,252$18,965,145$11,562,274$59,170,038
91$97,255,637$19,758,343$11,813,515$64,582,996
92$107,035,330$20,586,120$12,068,887$70,525,699
93$117,808,130$21,450,036$12,328,391$77,051,327
94$129,675,194$22,351,723$12,592,027$84,218,445
95$142,747,994$23,292,887$12,859,790$92,091,556
96$157,149,367$24,275,316$13,131,670$100,741,708
97$173,014,673$25,300,877$13,407,651$110,247,150
98$190,493,076$26,371,527$13,687,715$120,694,077
99$209,748,951$27,489,312$13,971,834$132,177,428
100$230,963,430$28,656,375$14,259,977$144,801,783