Can I retire at age 62 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$210,577$208,701$206,871$205,085$203,341$196,439
2 years$104,246$102,304$100,423$98,598$96,829$89,944
3 years$68,807$66,857$64,980$63,173$61,432$54,782
4 years$51,091$49,147$47,289$45,513$43,814$37,448
5 years$40,464$38,532$36,698$34,958$33,307$27,242
6 years$33,382$31,464$29,658$27,956$26,354$20,596
7 years$28,325$26,424$24,646$22,984$21,433$15,980
8 years$24,534$22,650$20,901$19,281$17,781$12,629
9 years$21,587$19,721$18,002$16,423$14,974$10,117
10 years$19,231$17,383$15,695$14,157$12,759$8,189
11 years$17,305$15,475$13,818$12,321$10,973$6,681
12 years$15,701$13,889$12,263$10,807$9,509$5,485
13 years$14,344$12,552$10,956$9,541$8,292$4,526
14 years$13,183$11,409$9,844$8,469$7,269$3,750
15 years$12,177$10,423$8,888$7,553$6,400$3,117
16 years$11,297$9,563$8,058$6,763$5,656$2,598
17 years$10,522$8,807$7,332$6,077$5,015$2,170
18 years$9,834$8,138$6,694$5,476$4,459$1,816
19 years$9,219$7,542$6,128$4,948$3,975$1,521
20 years$8,667$7,009$5,624$4,482$3,550$1,277
21 years$8,167$6,528$5,173$4,067$3,177$1,072
22 years$7,714$6,094$4,767$3,698$2,848$902
23 years$7,300$5,699$4,402$3,368$2,556$759
24 years$6,922$5,340$4,071$3,072$2,298$639
25 years$6,574$5,011$3,771$2,805$2,068$538
26 years$6,254$4,710$3,497$2,565$1,862$453
27 years$5,958$4,433$3,247$2,348$1,679$382
28 years$5,683$4,177$3,019$2,151$1,515$322
29 years$5,428$3,940$2,809$1,973$1,368$272
30 years$5,191$3,721$2,617$1,810$1,236$229
31 years$4,969$3,518$2,439$1,663$1,118$193
32 years$4,761$3,328$2,276$1,528$1,011$163
33 years$4,567$3,152$2,125$1,405$915$138
34 years$4,384$2,988$1,986$1,293$828$116
35 years$4,212$2,834$1,856$1,190$750$98
36 years$4,050$2,690$1,737$1,096$680$83
37 years$3,897$2,554$1,625$1,010$616$70
38 years$3,753$2,428$1,522$931$559$59
39 years$3,616$2,308$1,426$858$507$50
40 years$3,486$2,196$1,337$792$459$42
41 years$3,363$2,091$1,253$730$417$36
42 years$3,247$1,991$1,176$674$378$30
43 years$3,135$1,897$1,103$622$343$25
44 years$3,030$1,808$1,036$575$312$21
45 years$2,929$1,724$972$531$283$18
46 years$2,833$1,645$913$490$257$15
47 years$2,741$1,570$858$453$233$13
48 years$2,654$1,499$806$418$212$11
49 years$2,570$1,431$758$387$192$9
50 years$2,490$1,367$713$357$175$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $2,550,000, adding $4,261 every year, while hoping to spend $38,743 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: 34/48/18 Blend
61$2,550,000$2,550,000$2,550,000$2,550,000
62$2,814,495$2,679,345$2,639,820$2,894,442
63$3,060,351$2,769,411$2,687,032$3,043,623
64$3,329,987$2,862,591$2,734,527$3,200,486
65$3,625,785$2,958,998$2,782,273$3,368,827
66$3,950,373$3,058,747$2,830,238$3,549,681
67$4,306,645$3,161,959$2,878,384$3,744,186
68$4,697,785$3,268,758$2,926,673$3,953,592
69$5,127,306$3,379,274$2,975,063$4,179,271
70$5,599,074$3,493,641$3,023,510$4,422,733
71$6,117,349$3,611,999$3,071,967$4,685,634
72$6,686,824$3,734,492$3,120,384$4,969,796
73$7,312,669$3,861,271$3,168,705$5,277,223
74$8,000,579$3,992,491$3,216,875$5,610,116
75$8,756,830$4,128,315$3,264,832$5,970,896
76$9,588,334$4,268,910$3,312,511$6,362,227
77$10,502,708$4,414,451$3,359,844$6,787,038
78$11,508,344$4,565,119$3,406,759$7,248,550
79$12,614,488$4,721,102$3,453,177$7,750,309
80$13,831,325$4,882,595$3,499,018$8,296,213
81$15,170,079$5,049,801$3,544,195$8,890,555
82$16,643,117$5,222,932$3,588,615$9,538,057
83$18,264,064$5,402,204$3,632,183$10,243,916
84$20,047,934$5,587,847$3,674,796$11,013,853
85$22,011,267$5,780,096$3,716,346$11,854,166
86$24,172,292$5,979,196$3,756,719$12,771,785
87$26,551,091$6,185,402$3,795,794$13,774,341
88$29,169,794$6,398,978$3,833,445$14,870,237
89$32,052,785$6,620,201$3,869,538$16,068,721
90$35,226,933$6,849,354$3,903,931$17,379,980
91$38,721,845$7,086,737$3,936,477$18,815,227
92$42,570,142$7,332,657$3,967,019$20,386,813
93$46,807,775$7,587,435$3,995,391$22,108,338
94$51,474,353$7,851,404$4,021,422$23,994,780
95$56,613,526$8,124,912$4,044,929$26,062,633
96$62,273,392$8,408,319$4,065,720$28,330,065
97$68,506,950$8,701,999$4,083,595$30,817,086
98$75,372,604$9,006,342$4,098,340$33,545,735
99$82,934,711$9,321,753$4,109,735$36,540,287
100$91,264,186$9,648,654$4,117,546$39,827,484