Can I retire at age 62 with 1,810,000?

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 $1,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$149,468$148,137$146,838$145,570$144,332$142,116
2 years$73,994$72,616$71,280$69,986$68,729$66,503
3 years$48,839$47,455$46,123$44,840$43,605$41,436
4 years$36,265$34,885$33,566$32,305$31,099$29,005
5 years$28,722$27,350$26,048$24,813$23,641$21,628
6 years$23,695$22,333$21,051$19,843$18,706$16,777
7 years$20,105$18,756$17,494$16,314$15,213$13,367
8 years$17,414$16,077$14,836$13,686$12,621$10,858
9 years$15,323$13,998$12,778$11,657$10,629$8,949
10 years$13,650$12,338$11,140$10,049$9,056$7,457
11 years$12,283$10,984$9,808$8,745$7,789$6,270
12 years$11,144$9,859$8,704$7,671$6,749$5,308
13 years$10,182$8,909$7,777$6,772$5,886$4,520
14 years$9,357$8,098$6,987$6,012$5,159$3,867
15 years$8,643$7,398$6,309$5,361$4,543$3,322
16 years$8,019$6,788$5,720$4,800$4,015$2,863
17 years$7,469$6,251$5,205$4,313$3,560$2,474
18 years$6,980$5,776$4,751$3,887$3,165$2,143
19 years$6,544$5,353$4,349$3,512$2,821$1,860
20 years$6,152$4,975$3,992$3,181$2,520$1,617
21 years$5,797$4,634$3,672$2,887$2,255$1,408
22 years$5,475$4,325$3,384$2,625$2,021$1,228
23 years$5,182$4,045$3,124$2,391$1,815$1,072
24 years$4,913$3,790$2,890$2,180$1,631$937
25 years$4,666$3,557$2,676$1,991$1,468$819
26 years$4,439$3,343$2,482$1,821$1,322$717
27 years$4,229$3,146$2,305$1,666$1,192$627
28 years$4,034$2,965$2,143$1,527$1,075$550
29 years$3,853$2,797$1,994$1,400$971$482
30 years$3,684$2,641$1,857$1,285$877$423
31 years$3,527$2,497$1,732$1,180$793$371
32 years$3,380$2,363$1,616$1,085$718$325
33 years$3,241$2,237$1,508$997$649$285
34 years$3,112$2,121$1,409$918$588$251
35 years$2,990$2,011$1,318$845$533$220
36 years$2,875$1,909$1,233$778$483$193
37 years$2,766$1,813$1,154$717$437$170
38 years$2,664$1,723$1,080$661$396$149
39 years$2,567$1,639$1,012$609$360$131
40 years$2,475$1,559$949$562$326$115
41 years$2,387$1,484$890$518$296$101
42 years$2,304$1,413$835$478$268$89
43 years$2,226$1,347$783$442$244$78
44 years$2,151$1,284$735$408$221$69
45 years$2,079$1,224$690$377$201$60
46 years$2,011$1,168$648$348$182$53
47 years$1,946$1,114$609$321$166$47
48 years$1,884$1,064$572$297$150$41
49 years$1,824$1,016$538$274$137$36
50 years$1,767$970$506$254$124$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $1,810,000, adding $5,049 every year, while hoping to spend $55,617 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: 56/37/7 Blend
61$1,810,000$1,810,000$1,810,000$1,810,000
62$1,999,828$1,903,898$1,875,843$2,108,398
63$2,144,634$1,938,013$1,879,508$2,216,263
64$2,302,347$1,971,936$1,881,431$2,327,040
65$2,474,224$2,005,597$1,881,496$2,446,328
66$2,661,648$2,038,926$1,879,580$2,574,942
67$2,866,144$2,071,841$1,875,554$2,713,784
68$3,089,389$2,104,259$1,869,283$2,863,845
69$3,333,227$2,136,089$1,860,625$3,026,219
70$3,599,692$2,167,233$1,849,432$3,202,112
71$3,891,021$2,197,587$1,835,547$3,392,854
72$4,209,676$2,227,039$1,818,809$3,599,908
73$4,558,369$2,255,471$1,799,045$3,824,890
74$4,940,087$2,282,754$1,776,078$4,069,581
75$5,358,119$2,308,751$1,749,720$4,335,944
76$5,816,086$2,333,318$1,719,773$4,626,143
77$6,317,975$2,356,300$1,686,034$4,942,564
78$6,868,179$2,377,529$1,648,288$5,287,838
79$7,471,536$2,396,831$1,606,308$5,664,867
80$8,133,374$2,414,017$1,559,861$6,076,848
81$8,859,561$2,428,887$1,508,699$6,527,308
82$9,656,562$2,441,227$1,452,565$7,020,134
83$10,531,496$2,450,812$1,391,191$7,559,615
84$11,492,208$2,457,401$1,324,295$8,150,476
85$12,547,337$2,460,738$1,251,583$8,797,929
86$13,706,401$2,460,549$1,172,747$9,507,720
87$14,979,885$2,456,548$1,087,465$10,286,185
88$16,379,341$2,448,427$995,403$11,140,310
89$17,917,495$2,435,860$896,210$12,077,795
90$19,608,364$2,418,502$789,518$13,107,133
91$21,467,396$2,395,988$674,945$14,237,686
92$23,511,607$2,367,928$552,093$15,479,775
93$25,759,746$2,333,911$420,542$16,844,782
94$28,232,468$2,293,500$279,858$18,345,253
95$30,952,532$2,246,234$129,586$19,995,020
96$33,945,014$2,191,624$0$21,809,336
97$37,237,542$2,129,150$0$23,807,311
98$40,860,558$2,058,264$0$26,015,661
99$44,847,601$1,978,386$0$28,445,171
100$49,235,630$1,888,900$0$31,118,409