Can I retire at age 62 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$104,875$103,941$103,030$102,140$101,272$99,349
2 years$51,919$50,952$50,014$49,106$48,225$46,295
3 years$34,269$33,297$32,363$31,463$30,596$28,719
4 years$25,445$24,477$23,552$22,667$21,821$20,012
5 years$20,153$19,190$18,277$17,410$16,588$14,852
6 years$16,625$15,670$14,771$13,923$13,126$11,464
7 years$14,107$13,160$12,274$11,447$10,675$9,089
8 years$12,219$11,281$10,410$9,603$8,856$7,345
9 years$10,751$9,822$8,966$8,179$7,458$6,020
10 years$9,578$8,657$7,817$7,051$6,354$4,990
11 years$8,618$7,707$6,882$6,136$5,465$4,171
12 years$7,819$6,918$6,107$5,382$4,736$3,511
13 years$7,144$6,251$5,456$4,752$4,130$2,972
14 years$6,565$5,682$4,903$4,218$3,620$2,528
15 years$6,064$5,191$4,426$3,762$3,187$2,158
16 years$5,627$4,763$4,013$3,368$2,817$1,848
17 years$5,241$4,386$3,652$3,026$2,498$1,587
18 years$4,898$4,053$3,334$2,727$2,221$1,365
19 years$4,592$3,756$3,052$2,464$1,980$1,177
20 years$4,316$3,491$2,801$2,232$1,768$1,017
21 years$4,068$3,251$2,576$2,026$1,582$879
22 years$3,842$3,035$2,374$1,842$1,418$762
23 years$3,636$2,839$2,192$1,677$1,273$660
24 years$3,447$2,660$2,028$1,530$1,144$573
25 years$3,274$2,496$1,878$1,397$1,030$497
26 years$3,115$2,346$1,742$1,277$928$432
27 years$2,967$2,208$1,617$1,169$836$376
28 years$2,831$2,080$1,503$1,071$755$327
29 years$2,704$1,962$1,399$982$681$284
30 years$2,585$1,853$1,303$902$616$247
31 years$2,475$1,752$1,215$828$557$215
32 years$2,371$1,658$1,134$761$503$188
33 years$2,274$1,570$1,058$700$456$163
34 years$2,183$1,488$989$644$413$142
35 years$2,098$1,411$925$593$374$124
36 years$2,017$1,339$865$546$339$108
37 years$1,941$1,272$810$503$307$94
38 years$1,869$1,209$758$464$278$82
39 years$1,801$1,150$710$427$252$72
40 years$1,736$1,094$666$394$229$63
41 years$1,675$1,041$624$364$208$55
42 years$1,617$992$586$336$188$48
43 years$1,562$945$549$310$171$41
44 years$1,509$901$516$286$155$36
45 years$1,459$859$484$264$141$32
46 years$1,411$819$455$244$128$28
47 years$1,365$782$427$226$116$24
48 years$1,322$746$402$208$105$21
49 years$1,280$713$377$193$96$18
50 years$1,240$681$355$178$87$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $1,270,000, adding $6,042 every year, while hoping to spend $26,570 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: 47/34/19 Blend
61$1,270,000$1,270,000$1,270,000$1,270,000
62$1,405,772$1,338,462$1,318,777$1,464,001
63$1,520,891$1,375,777$1,334,686$1,542,507
64$1,646,861$1,414,029$1,350,237$1,624,511
65$1,784,761$1,453,237$1,365,391$1,712,960
66$1,935,780$1,493,419$1,380,105$1,808,467
67$2,101,226$1,534,592$1,394,334$1,911,706
68$2,282,538$1,576,775$1,408,032$2,023,421
69$2,481,305$1,619,985$1,421,149$2,144,431
70$2,699,273$1,664,239$1,433,632$2,275,637
71$2,938,368$1,709,555$1,445,428$2,418,031
72$3,200,709$1,755,951$1,456,477$2,572,706
73$3,488,631$1,803,443$1,466,719$2,740,865
74$3,804,707$1,852,047$1,476,090$2,923,836
75$4,151,771$1,901,781$1,484,522$3,123,076
76$4,532,943$1,952,659$1,491,945$3,340,196
77$4,951,661$2,004,698$1,498,284$3,576,967
78$5,411,715$2,057,912$1,503,460$3,835,340
79$5,917,275$2,112,316$1,507,392$4,117,466
80$6,472,941$2,167,923$1,509,993$4,425,715
81$7,083,775$2,224,745$1,511,172$4,762,695
82$7,755,358$2,282,796$1,510,834$5,131,284
83$8,493,837$2,342,086$1,508,880$5,534,648
84$9,305,986$2,402,625$1,505,204$5,976,280
85$10,199,265$2,464,422$1,499,698$6,460,026
86$11,181,897$2,527,486$1,492,245$6,990,124
87$12,262,941$2,591,823$1,482,725$7,571,245
88$13,452,376$2,657,437$1,471,011$8,208,536
89$14,761,200$2,724,333$1,456,971$8,907,668
90$16,201,529$2,792,513$1,440,467$9,674,890
91$17,786,715$2,861,975$1,421,352$10,517,088
92$19,531,467$2,932,720$1,399,475$11,441,851
93$21,451,996$3,004,741$1,374,676$12,457,543
94$23,566,160$3,078,034$1,346,788$13,573,378
95$25,893,639$3,152,589$1,315,637$14,799,512
96$28,456,120$3,228,395$1,281,040$16,147,136
97$31,277,495$3,305,438$1,242,806$17,628,585
98$34,384,094$3,383,699$1,200,734$19,257,450
99$37,804,929$3,463,158$1,154,617$21,048,709
100$41,571,970$3,543,791$1,104,235$23,018,868