Can I retire at age 62 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$222,963$220,977$219,040$217,149$215,302$207,169
2 years$110,378$108,322$106,330$104,398$102,525$94,425
3 years$72,854$70,790$68,803$66,889$65,046$57,235
4 years$54,096$52,038$50,071$48,190$46,391$38,928
5 years$42,844$40,798$38,857$37,014$35,266$28,170
6 years$35,345$33,315$31,402$29,601$27,905$21,181
7 years$29,991$27,978$26,095$24,336$22,694$16,340
8 years$25,977$23,982$22,131$20,415$18,827$12,837
9 years$22,857$20,881$19,061$17,389$15,855$10,221
10 years$20,362$18,405$16,618$14,990$13,509$8,221
11 years$18,323$16,385$14,630$13,045$11,618$6,663
12 years$16,624$14,707$12,984$11,443$10,068$5,434
13 years$15,188$13,290$11,600$10,102$8,780$4,454
14 years$13,958$12,081$10,423$8,968$7,696$3,664
15 years$12,893$11,036$9,411$7,997$6,776$3,024
16 years$11,962$10,125$8,532$7,161$5,989$2,502
17 years$11,141$9,325$7,764$6,434$5,310$2,074
18 years$10,413$8,617$7,087$5,798$4,722$1,723
19 years$9,762$7,986$6,488$5,239$4,208$1,433
20 years$9,176$7,421$5,954$4,745$3,759$1,193
21 years$8,648$6,912$5,477$4,307$3,364$995
22 years$8,167$6,452$5,048$3,916$3,015$830
23 years$7,730$6,035$4,661$3,566$2,707$693
24 years$7,329$5,654$4,310$3,252$2,433$578
25 years$6,961$5,306$3,992$2,970$2,189$483
26 years$6,622$4,987$3,703$2,716$1,972$404
27 years$6,308$4,693$3,438$2,486$1,778$338
28 years$6,018$4,422$3,196$2,278$1,604$283
29 years$5,748$4,172$2,974$2,089$1,449$236
30 years$5,496$3,940$2,771$1,917$1,309$198
31 years$5,261$3,725$2,583$1,760$1,183$165
32 years$5,041$3,524$2,410$1,618$1,070$139
33 years$4,835$3,338$2,250$1,488$969$116
34 years$4,642$3,163$2,102$1,369$877$97
35 years$4,460$3,000$1,966$1,260$794$81
36 years$4,288$2,848$1,839$1,161$720$68
37 years$4,126$2,705$1,721$1,069$652$57
38 years$3,973$2,570$1,612$986$591$48
39 years$3,829$2,444$1,510$909$536$40
40 years$3,691$2,325$1,415$838$486$33
41 years$3,561$2,214$1,327$773$441$28
42 years$3,437$2,108$1,245$714$400$23
43 years$3,320$2,009$1,168$659$363$20
44 years$3,208$1,915$1,097$608$330$16
45 years$3,101$1,826$1,030$562$299$14
46 years$3,000$1,742$967$519$272$12
47 years$2,903$1,662$909$479$247$10
48 years$2,810$1,587$854$443$224$8
49 years$2,721$1,515$802$409$204$7
50 years$2,636$1,447$754$378$185$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $2,700,000, adding $5,151 every year, while hoping to spend $22,961 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: 38/50/12 Blend
61$2,700,000$2,700,000$2,700,000$2,700,000
62$2,980,713$2,837,613$2,795,763$3,082,905
63$3,260,316$2,952,226$2,864,991$3,270,692
64$3,567,668$3,071,685$2,935,768$3,470,885
65$3,905,576$3,196,204$3,008,123$3,686,724
66$4,277,133$3,326,006$3,082,083$3,919,626
67$4,685,743$3,461,323$3,157,675$4,171,141
68$5,135,161$3,602,399$3,234,929$4,442,974
69$5,629,520$3,749,490$3,313,872$4,736,992
70$6,173,377$3,902,861$3,394,533$5,055,246
71$6,771,752$4,062,791$3,476,940$5,399,990
72$7,430,174$4,229,572$3,561,121$5,773,693
73$8,154,739$4,403,507$3,647,105$6,179,073
74$8,952,159$4,584,916$3,734,920$6,619,111
75$9,829,834$4,774,132$3,824,595$7,097,084
76$10,795,915$4,971,502$3,916,157$7,616,592
77$11,859,385$5,177,392$4,009,634$8,181,590
78$13,030,140$5,392,183$4,105,055$8,796,428
79$14,319,087$5,616,273$4,202,448$9,465,883
80$15,738,243$5,850,079$4,301,839$10,195,212
81$17,300,849$6,094,038$4,403,255$10,990,191
82$19,021,496$6,348,606$4,506,725$11,857,173
83$20,916,262$6,614,261$4,612,273$12,803,144
84$23,002,863$6,891,502$4,719,926$13,835,789
85$25,300,821$7,180,851$4,829,710$14,963,561
86$27,831,648$7,482,856$4,941,649$16,195,757
87$30,619,049$7,798,089$5,055,767$17,542,607
88$33,689,145$8,127,149$5,172,088$19,015,367
89$37,070,720$8,470,661$5,290,635$20,626,423
90$40,795,492$8,829,282$5,411,430$22,389,402
91$44,898,413$9,203,698$5,534,493$24,319,304
92$49,417,997$9,594,626$5,659,846$26,432,636
93$54,396,688$10,002,817$5,787,506$28,747,569
94$59,881,254$10,429,059$5,917,491$31,284,102
95$65,923,233$10,874,174$6,049,818$34,064,250
96$72,579,418$11,339,023$6,184,501$37,112,251
97$79,912,392$11,824,509$6,321,556$40,454,785
98$87,991,120$12,331,574$6,460,992$44,121,231
99$96,891,600$12,861,207$6,602,821$48,143,931
100$106,697,579$13,414,442$6,747,051$52,558,500