Can I retire at age 62 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$227,092$225,070$223,096$221,170$219,289$215,125
2 years$112,422$110,328$108,299$106,332$104,423$100,245
3 years$74,204$72,101$70,077$68,128$66,250$62,187
4 years$55,098$53,002$50,998$49,082$47,250$43,334
5 years$43,638$41,554$39,576$37,700$35,919$32,160
6 years$36,000$33,932$31,984$30,149$28,421$24,825
7 years$30,547$28,496$26,579$24,787$23,114$19,680
8 years$26,458$24,426$22,541$20,793$19,175$15,903
9 years$23,280$21,268$19,414$17,711$16,149$13,036
10 years$20,740$18,746$16,926$15,267$13,759$10,804
11 years$18,662$16,689$14,901$13,287$11,834$9,032
12 years$16,932$14,979$13,224$11,655$10,255$7,603
13 years$15,469$13,537$11,815$10,289$8,942$6,436
14 years$14,216$12,304$10,616$9,134$7,839$5,473
15 years$13,132$11,240$9,585$8,146$6,902$4,672
16 years$12,184$10,313$8,690$7,293$6,100$4,001
17 years$11,348$9,498$7,908$6,553$5,409$3,435
18 years$10,606$8,776$7,219$5,906$4,809$2,957
19 years$9,943$8,134$6,608$5,336$4,286$2,549
20 years$9,346$7,558$6,065$4,833$3,829$2,202
21 years$8,808$7,040$5,578$4,386$3,426$1,904
22 years$8,319$6,572$5,141$3,988$3,071$1,649
23 years$7,873$6,146$4,747$3,632$2,757$1,429
24 years$7,465$5,759$4,390$3,313$2,478$1,240
25 years$7,090$5,404$4,066$3,025$2,230$1,077
26 years$6,744$5,079$3,771$2,766$2,008$935
27 years$6,425$4,780$3,502$2,532$1,811$813
28 years$6,129$4,504$3,256$2,320$1,634$707
29 years$5,854$4,249$3,030$2,127$1,475$615
30 years$5,598$4,013$2,822$1,952$1,333$536
31 years$5,359$3,794$2,631$1,793$1,205$466
32 years$5,135$3,590$2,455$1,648$1,090$406
33 years$4,925$3,399$2,292$1,515$987$354
34 years$4,728$3,222$2,141$1,394$893$308
35 years$4,542$3,056$2,002$1,284$809$269
36 years$4,368$2,900$1,873$1,182$733$234
37 years$4,203$2,755$1,753$1,089$664$204
38 years$4,047$2,618$1,642$1,004$602$178
39 years$3,899$2,489$1,538$926$546$155
40 years$3,760$2,369$1,442$854$495$135
41 years$3,627$2,255$1,352$788$449$118
42 years$3,501$2,147$1,268$727$408$103
43 years$3,381$2,046$1,190$671$370$90
44 years$3,267$1,950$1,117$620$336$78
45 years$3,159$1,860$1,049$572$305$68
46 years$3,055$1,774$985$529$277$60
47 years$2,956$1,693$925$488$251$52
48 years$2,862$1,616$870$451$228$45
49 years$2,771$1,543$817$417$207$40
50 years$2,685$1,474$768$385$188$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $2,750,000, adding $2,526 every year, while hoping to spend $34,158 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: 68/6/26 Blend
61$2,750,000$2,750,000$2,750,000$2,750,000
62$3,033,106$2,887,356$2,844,731$3,218,815
63$3,306,138$2,992,492$2,903,685$3,449,029
64$3,605,876$3,101,636$2,963,470$3,696,667
65$3,935,006$3,214,946$3,024,077$3,966,817
66$4,296,489$3,332,591$3,085,496$4,261,705
67$4,693,586$3,454,744$3,147,716$4,583,783
68$5,129,892$3,581,586$3,210,724$4,935,753
69$5,609,364$3,713,307$3,274,506$5,320,587
70$6,136,363$3,850,103$3,339,046$5,741,564
71$6,715,694$3,992,179$3,404,326$6,202,290
72$7,352,649$4,139,750$3,470,325$6,706,740
73$8,053,060$4,293,039$3,537,022$7,259,293
74$8,823,352$4,452,278$3,604,392$7,864,771
75$9,670,603$4,617,709$3,672,408$8,528,486
76$10,602,613$4,789,585$3,741,043$9,256,293
77$11,627,975$4,968,170$3,810,263$10,054,637
78$12,756,156$5,153,738$3,880,034$10,930,622
79$13,997,589$5,346,576$3,950,320$11,892,073
80$15,363,768$5,546,983$4,021,081$12,947,613
81$16,867,357$5,755,270$4,092,272$14,106,739
82$18,522,312$5,971,763$4,163,847$15,379,917
83$20,344,008$6,196,799$4,235,756$16,778,677
84$22,349,388$6,430,734$4,307,946$18,315,723
85$24,557,122$6,673,936$4,380,358$20,005,053
86$26,987,779$6,926,790$4,452,931$21,862,090
87$29,664,027$7,189,697$4,525,598$23,903,826
88$32,610,842$7,463,077$4,598,291$26,148,986
89$35,855,747$7,747,366$4,670,932$28,618,202
90$39,429,068$8,043,022$4,743,443$31,334,207
91$43,364,222$8,350,520$4,815,738$34,322,049
92$47,698,035$8,670,357$4,887,727$37,609,330
93$52,471,081$9,003,051$4,959,313$41,226,464
94$57,728,076$9,349,145$5,030,394$45,206,964
95$63,518,290$9,709,204$5,100,863$49,587,759
96$69,896,018$10,083,817$5,170,604$54,409,541
97$76,921,087$10,473,599$5,239,495$59,717,150
98$84,659,428$10,879,196$5,307,407$65,559,996
99$93,183,689$11,301,276$5,374,205$71,992,527
100$102,573,929$11,740,542$5,439,745$79,074,738