Can I retire at age 62 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$213,880$211,975$210,116$208,302$206,530$199,440
2 years$105,881$103,909$101,998$100,145$98,348$91,277
3 years$69,886$67,906$65,999$64,164$62,396$55,566
4 years$51,892$49,918$48,031$46,226$44,501$37,965
5 years$41,099$39,136$37,274$35,506$33,829$27,604
6 years$33,905$31,958$30,123$28,395$26,768$20,858
7 years$28,769$26,838$25,032$23,345$21,769$16,174
8 years$24,919$23,005$21,229$19,583$18,060$12,775
9 years$21,926$20,030$18,285$16,681$15,209$10,228
10 years$19,533$17,656$15,941$14,379$12,959$8,273
11 years$17,576$15,718$14,034$12,514$11,145$6,745
12 years$15,947$14,107$12,455$10,976$9,658$5,534
13 years$14,569$12,749$11,128$9,691$8,422$4,563
14 years$13,389$11,588$9,998$8,602$7,383$3,778
15 years$12,368$10,586$9,027$7,672$6,500$3,138
16 years$11,475$9,713$8,184$6,869$5,745$2,613
17 years$10,688$8,945$7,448$6,172$5,094$2,181
18 years$9,989$8,266$6,799$5,562$4,529$1,824
19 years$9,364$7,660$6,224$5,026$4,037$1,527
20 years$8,803$7,118$5,712$4,552$3,606$1,281
21 years$8,295$6,631$5,254$4,131$3,227$1,075
22 years$7,835$6,189$4,842$3,756$2,892$903
23 years$7,415$5,789$4,471$3,421$2,596$759
24 years$7,030$5,424$4,135$3,120$2,334$639
25 years$6,677$5,090$3,830$2,849$2,100$537
26 years$6,352$4,784$3,552$2,605$1,892$452
27 years$6,051$4,502$3,298$2,385$1,705$381
28 years$5,773$4,242$3,066$2,185$1,539$321
29 years$5,513$4,002$2,853$2,004$1,390$271
30 years$5,272$3,780$2,658$1,839$1,256$228
31 years$5,047$3,573$2,478$1,689$1,135$192
32 years$4,836$3,381$2,312$1,552$1,027$162
33 years$4,638$3,202$2,159$1,427$929$137
34 years$4,453$3,034$2,017$1,313$841$115
35 years$4,278$2,878$1,886$1,209$762$97
36 years$4,114$2,732$1,764$1,113$690$82
37 years$3,958$2,594$1,651$1,026$626$69
38 years$3,811$2,466$1,546$945$567$58
39 years$3,673$2,345$1,448$872$514$49
40 years$3,541$2,231$1,358$804$467$42
41 years$3,416$2,123$1,273$742$423$35
42 years$3,297$2,022$1,194$685$384$30
43 years$3,185$1,927$1,121$632$349$25
44 years$3,077$1,837$1,052$584$316$21
45 years$2,975$1,751$988$539$287$18
46 years$2,877$1,671$928$498$261$15
47 years$2,784$1,594$871$460$237$13
48 years$2,695$1,522$819$425$215$11
49 years$2,610$1,454$770$393$195$9
50 years$2,529$1,388$724$363$177$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $2,590,000, adding $5,678 every year, while hoping to spend $35,743 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: 46/49/5 Blend
61$2,590,000$2,590,000$2,590,000$2,590,000
62$2,860,037$2,722,767$2,682,622$2,987,539
63$3,113,730$2,818,152$2,734,459$3,171,035
64$3,392,103$2,917,013$2,786,836$3,365,757
65$3,697,633$3,019,483$2,839,731$3,576,130
66$4,033,053$3,125,699$2,893,123$3,803,609
67$4,401,371$3,235,805$2,946,989$4,049,791
68$4,805,902$3,349,950$3,001,304$4,316,432
69$5,250,295$3,468,289$3,056,039$4,605,462
70$5,738,574$3,590,984$3,111,165$4,919,000
71$6,275,169$3,718,203$3,166,650$5,259,377
72$6,864,961$3,850,120$3,222,457$5,629,157
73$7,513,328$3,986,917$3,278,551$6,031,156
74$8,226,196$4,128,783$3,334,890$6,468,473
75$9,010,090$4,275,917$3,391,432$6,944,517
76$9,872,204$4,428,521$3,448,129$7,463,036
77$10,820,461$4,586,810$3,504,933$8,028,154
78$11,863,590$4,751,007$3,561,791$8,644,408
79$13,011,211$4,921,341$3,618,646$9,316,791
80$14,273,922$5,098,054$3,675,438$10,050,794
81$15,663,400$5,281,396$3,732,103$10,852,463
82$17,192,511$5,471,629$3,788,572$11,728,452
83$18,875,432$5,669,023$3,844,774$12,686,081
84$20,727,783$5,873,862$3,900,631$13,733,413
85$22,766,776$6,086,441$3,956,062$14,879,318
86$25,011,376$6,307,066$4,010,979$16,133,564
87$27,482,481$6,536,056$4,065,291$17,506,904
88$30,203,117$6,773,746$4,118,901$19,011,177
89$33,198,657$7,020,481$4,171,706$20,659,418
90$36,497,058$7,276,623$4,223,597$22,465,979
91$40,129,129$7,542,549$4,274,458$24,446,666
92$44,128,816$7,818,649$4,324,169$26,618,882
93$48,533,527$8,105,335$4,372,599$29,001,794
94$53,384,480$8,403,030$4,419,615$31,616,507
95$58,727,098$8,712,179$4,465,073$34,486,269
96$64,611,430$9,033,244$4,508,822$37,636,681
97$71,092,631$9,366,708$4,550,702$41,095,942
98$78,231,476$9,713,073$4,590,547$44,895,109
99$86,094,936$10,072,863$4,628,180$49,068,391
100$94,756,810$10,446,624$4,663,414$53,653,472