Can I retire at age 62 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$503,732$499,245$494,868$490,595$486,423$476,407
2 years$249,372$244,728$240,227$235,863$231,630$221,584
3 years$164,597$159,933$155,443$151,120$146,955$137,194
4 years$122,217$117,567$113,123$108,873$104,810$95,408
5 years$96,796$92,174$87,788$83,625$79,675$70,659
6 years$79,855$75,267$70,946$66,876$63,044$54,423
7 years$67,758$63,209$58,956$54,982$51,272$43,048
8 years$58,690$54,182$49,999$46,123$42,535$34,706
9 years$51,640$47,175$43,064$39,287$35,820$28,381
10 years$46,004$41,583$37,545$33,866$30,521$23,464
11 years$41,396$37,019$33,054$29,473$26,249$19,566
12 years$37,558$33,226$29,334$25,852$22,747$16,427
13 years$34,313$30,026$26,208$22,823$19,836$13,868
14 years$31,535$27,293$23,548$20,260$17,388$11,762
15 years$29,129$24,933$21,261$18,068$15,310$10,013
16 years$27,025$22,875$19,276$16,178$13,531$8,550
17 years$25,171$21,067$17,540$14,536$11,997$7,321
18 years$23,525$19,467$16,012$13,100$10,667$6,282
19 years$22,054$18,042$14,658$11,837$9,508$5,401
20 years$20,732$16,766$13,453$10,721$8,493$4,650
21 years$19,537$15,616$12,374$9,730$7,600$4,010
22 years$18,452$14,577$11,405$8,846$6,812$3,461
23 years$17,463$13,634$10,530$8,057$6,115$2,991
24 years$16,558$12,774$9,739$7,348$5,496$2,587
25 years$15,727$11,988$9,020$6,711$4,946$2,239
26 years$14,960$11,267$8,365$6,136$4,455$1,939
27 years$14,252$10,603$7,768$5,616$4,017$1,680
28 years$13,596$9,991$7,221$5,146$3,624$1,456
29 years$12,985$9,426$6,720$4,719$3,273$1,263
30 years$12,417$8,902$6,260$4,331$2,957$1,096
31 years$11,886$8,415$5,836$3,977$2,673$951
32 years$11,390$7,962$5,445$3,655$2,418$826
33 years$10,924$7,540$5,084$3,361$2,189$717
34 years$10,487$7,147$4,750$3,093$1,982$622
35 years$10,076$6,778$4,441$2,847$1,795$541
36 years$9,688$6,434$4,154$2,622$1,626$470
37 years$9,322$6,111$3,888$2,416$1,474$408
38 years$8,977$5,807$3,641$2,227$1,336$355
39 years$8,650$5,522$3,412$2,053$1,212$308
40 years$8,340$5,254$3,198$1,894$1,099$268
41 years$8,046$5,001$2,998$1,747$997$233
42 years$7,766$4,763$2,813$1,613$905$202
43 years$7,501$4,538$2,639$1,489$821$176
44 years$7,248$4,326$2,477$1,374$745$153
45 years$7,007$4,125$2,326$1,269$677$133
46 years$6,777$3,935$2,185$1,172$614$116
47 years$6,558$3,755$2,053$1,083$558$100
48 years$6,348$3,585$1,929$1,001$507$87
49 years$6,148$3,423$1,813$925$460$76
50 years$5,956$3,270$1,704$855$418$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $6,100,000, adding $4,222 every year, while hoping to spend $53,883 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: 67/25/8 Blend
61$6,100,000$6,100,000$6,100,000$6,100,000
62$6,726,555$6,403,255$6,308,705$7,166,979
63$7,355,333$6,659,683$6,462,716$7,716,349
64$8,046,439$6,926,871$6,620,079$8,309,852
65$8,806,176$7,205,288$6,780,852$8,957,259
66$9,641,485$7,495,425$6,945,089$9,663,829
67$10,560,013$7,797,798$7,112,847$10,435,347
68$11,570,187$8,112,942$7,284,179$11,278,181
69$12,681,289$8,441,420$7,459,143$12,199,338
70$13,903,549$8,783,817$7,637,792$13,206,526
71$15,248,235$9,140,749$7,820,182$14,308,234
72$16,727,764$9,512,855$8,006,368$15,513,801
73$18,355,819$9,900,807$8,196,404$16,833,510
74$20,147,472$10,305,307$8,390,343$18,278,680
75$22,119,334$10,727,086$8,588,239$19,861,769
76$24,289,705$11,166,913$8,790,144$21,596,498
77$26,678,752$11,625,588$8,996,111$23,497,968
78$29,308,693$12,103,951$9,206,190$25,582,811
79$32,204,013$12,602,878$9,420,430$27,869,338
80$35,391,690$13,123,286$9,638,881$30,377,713
81$38,901,449$13,666,134$9,861,591$33,130,139
82$42,766,048$14,232,426$10,088,606$36,151,069
83$47,021,581$14,823,210$10,319,970$39,467,433
84$51,707,820$15,439,585$10,555,726$43,108,887
85$56,868,591$16,082,699$10,795,917$47,108,095
86$62,552,188$16,753,752$11,040,581$51,501,032
87$68,811,827$17,454,001$11,289,756$56,327,322
88$75,706,147$18,184,761$11,543,476$61,630,611
89$83,299,767$18,947,407$11,801,775$67,458,970
90$91,663,890$19,743,377$12,064,683$73,865,355
91$100,876,983$20,574,178$12,332,225$80,908,095
92$111,025,507$21,441,385$12,604,426$88,651,445
93$122,204,741$22,346,645$12,881,307$97,166,187
94$134,519,678$23,291,684$13,162,884$106,530,297
95$148,086,015$24,278,307$13,449,171$116,829,671
96$163,031,247$25,308,402$13,740,176$128,158,942
97$179,495,867$26,383,946$14,035,905$140,622,360
98$197,634,694$27,507,008$14,336,356$154,334,778
99$217,618,334$28,679,753$14,641,525$169,422,728
100$239,634,790$29,904,447$14,951,402$186,025,613