Can I retire at age 62 with 1,800,000?

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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$148,642$147,318$146,027$144,766$143,535$138,884
2 years$73,585$72,215$70,887$69,599$68,350$63,708
3 years$48,570$47,193$45,868$44,593$43,364$38,877
4 years$36,064$34,692$33,380$32,127$30,928$26,629
5 years$28,563$27,199$25,905$24,676$23,511$19,413
6 years$23,564$22,210$20,935$19,734$18,603$14,709
7 years$19,994$18,652$17,397$16,224$15,129$11,439
8 years$17,318$15,988$14,754$13,610$12,551$9,061
9 years$15,238$13,921$12,708$11,593$10,570$7,277
10 years$13,575$12,270$11,079$9,993$9,006$5,905
11 years$12,215$10,924$9,754$8,697$7,746$4,830
12 years$11,083$9,804$8,656$7,628$6,712$3,976
13 years$10,125$8,860$7,734$6,735$5,853$3,290
14 years$9,305$8,054$6,949$5,978$5,131$2,733
15 years$8,595$7,357$6,274$5,332$4,518$2,278
16 years$7,975$6,750$5,688$4,774$3,993$1,904
17 years$7,428$6,217$5,176$4,289$3,540$1,595
18 years$6,942$5,744$4,725$3,866$3,148$1,339
19 years$6,508$5,324$4,325$3,493$2,806$1,125
20 years$6,118$4,947$3,970$3,163$2,506$947
21 years$5,765$4,608$3,651$2,871$2,243$798
22 years$5,445$4,302$3,365$2,610$2,010$673
23 years$5,153$4,023$3,107$2,377$1,804$568
24 years$4,886$3,769$2,874$2,168$1,622$480
25 years$4,641$3,537$2,662$1,980$1,459$405
26 years$4,415$3,325$2,468$1,811$1,315$343
27 years$4,206$3,129$2,292$1,657$1,185$290
28 years$4,012$2,948$2,131$1,518$1,069$245
29 years$3,832$2,781$1,983$1,392$966$207
30 years$3,664$2,627$1,847$1,278$873$176
31 years$3,507$2,483$1,722$1,174$789$149
32 years$3,361$2,350$1,607$1,079$714$126
33 years$3,224$2,225$1,500$992$646$107
34 years$3,095$2,109$1,402$913$585$90
35 years$2,973$2,000$1,310$840$530$76
36 years$2,859$1,898$1,226$774$480$65
37 years$2,751$1,803$1,147$713$435$55
38 years$2,649$1,714$1,074$657$394$46
39 years$2,552$1,629$1,007$606$358$39
40 years$2,461$1,550$944$559$324$33
41 years$2,374$1,476$885$516$294$28
42 years$2,292$1,405$830$476$267$24
43 years$2,213$1,339$779$439$242$20
44 years$2,139$1,276$731$406$220$17
45 years$2,068$1,217$686$375$200$15
46 years$2,000$1,161$645$346$181$12
47 years$1,935$1,108$606$320$165$10
48 years$1,873$1,058$569$295$149$9
49 years$1,814$1,010$535$273$136$8
50 years$1,757$965$503$252$123$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $1,800,000, adding $6,174 every year, while hoping to spend $38,720 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: 69/26/5 Blend
61$1,800,000$1,800,000$1,800,000$1,800,000
62$1,989,968$1,894,568$1,866,668$2,125,777
63$2,151,747$1,946,205$1,888,004$2,268,010
64$2,328,730$1,999,073$1,908,757$2,418,185
65$2,522,427$2,053,194$1,928,866$2,581,382
66$2,734,499$2,108,585$1,948,268$2,758,865
67$2,966,779$2,165,267$1,966,896$2,952,028
68$3,221,282$2,223,256$1,984,679$3,162,407
69$3,500,229$2,282,572$2,001,542$3,391,691
70$3,806,066$2,343,231$2,017,406$3,641,739
71$4,141,485$2,405,251$2,032,190$3,914,601
72$4,509,454$2,468,645$2,045,806$4,212,532
73$4,913,241$2,533,431$2,058,163$4,538,017
74$5,356,444$2,599,622$2,069,164$4,893,791
75$5,843,028$2,667,230$2,078,708$5,282,868
76$6,377,361$2,736,269$2,086,689$5,708,565
77$6,964,254$2,806,748$2,092,995$6,174,540
78$7,609,006$2,878,677$2,097,509$6,684,818
79$8,317,457$2,952,065$2,100,108$7,243,835
80$9,096,039$3,026,917$2,100,662$7,856,477
81$9,951,837$3,103,238$2,099,036$8,528,127
82$10,892,658$3,181,030$2,095,088$9,264,715
83$11,927,104$3,260,296$2,088,668$10,072,772
84$13,064,650$3,341,032$2,079,620$10,959,497
85$14,315,737$3,423,235$2,067,780$11,932,817
86$15,691,868$3,506,899$2,052,976$13,001,471
87$17,205,715$3,592,013$2,035,028$14,175,081
88$18,871,243$3,678,567$2,013,746$15,464,254
89$20,703,837$3,766,544$1,988,934$16,880,673
90$22,720,449$3,855,925$1,960,383$18,437,213
91$24,939,757$3,946,688$1,927,879$20,148,060
92$27,382,342$4,038,806$1,891,192$22,028,844
93$30,070,881$4,132,247$1,850,087$24,096,786
94$33,030,360$4,226,976$1,804,314$26,370,865
95$36,288,312$4,322,953$1,753,614$28,871,991
96$39,875,074$4,420,132$1,697,714$31,623,206
97$43,824,074$4,518,461$1,636,331$34,649,900
98$48,172,147$4,617,884$1,569,165$37,980,049
99$52,959,882$4,718,335$1,495,908$41,644,484
100$58,232,001$4,819,745$1,416,232$45,677,176