Can I retire at age 62 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$297,285$294,637$292,053$289,531$287,069$278,214
2 years$147,171$144,430$141,773$139,198$136,700$127,856
3 years$97,139$94,386$91,737$89,185$86,728$78,172
4 years$72,128$69,384$66,761$64,253$61,855$53,654
5 years$57,126$54,398$51,809$49,352$47,021$39,196
6 years$47,127$44,420$41,869$39,468$37,206$29,764
7 years$39,988$37,304$34,794$32,448$30,259$23,199
8 years$34,637$31,976$29,508$27,220$25,102$18,421
9 years$30,476$27,841$25,415$23,186$21,140$14,829
10 years$27,150$24,541$22,157$19,986$18,012$12,063
11 years$24,430$21,847$19,507$17,394$15,491$9,893
12 years$22,165$19,609$17,312$15,257$13,424$8,166
13 years$20,251$17,721$15,467$13,470$11,706$6,774
14 years$18,611$16,107$13,897$11,957$10,262$5,644
15 years$17,191$14,714$12,547$10,663$9,035$4,718
16 years$15,949$13,500$11,376$9,548$7,985$3,955
17 years$14,855$12,433$10,352$8,579$7,080$3,323
18 years$13,884$11,489$9,450$7,731$6,295$2,797
19 years$13,016$10,648$8,651$6,986$5,611$2,358
20 years$12,235$9,894$7,939$6,327$5,012$1,991
21 years$11,530$9,216$7,303$5,742$4,485$1,683
22 years$10,890$8,603$6,731$5,221$4,020$1,424
23 years$10,306$8,046$6,214$4,755$3,609$1,205
24 years$9,772$7,539$5,747$4,337$3,244$1,021
25 years$9,281$7,075$5,323$3,960$2,919$866
26 years$8,829$6,649$4,937$3,621$2,629$734
27 years$8,411$6,258$4,584$3,315$2,371$623
28 years$8,024$5,897$4,262$3,037$2,139$529
29 years$7,664$5,563$3,966$2,785$1,931$449
30 years$7,328$5,253$3,694$2,556$1,745$381
31 years$7,015$4,966$3,444$2,347$1,578$324
32 years$6,722$4,699$3,213$2,157$1,427$275
33 years$6,447$4,450$3,000$1,984$1,292$234
34 years$6,189$4,218$2,803$1,825$1,169$199
35 years$5,946$4,000$2,621$1,680$1,059$169
36 years$5,718$3,797$2,452$1,547$960$143
37 years$5,502$3,606$2,295$1,426$870$122
38 years$5,298$3,427$2,149$1,314$789$104
39 years$5,105$3,259$2,013$1,212$715$88
40 years$4,922$3,101$1,887$1,118$649$75
41 years$4,748$2,951$1,770$1,031$588$64
42 years$4,583$2,811$1,660$952$534$54
43 years$4,427$2,678$1,558$878$485$46
44 years$4,277$2,553$1,462$811$440$39
45 years$4,135$2,434$1,373$749$399$33
46 years$3,999$2,322$1,289$692$363$28
47 years$3,870$2,216$1,211$639$329$24
48 years$3,746$2,116$1,138$591$299$20
49 years$3,628$2,020$1,070$546$272$17
50 years$3,515$1,930$1,006$505$247$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $3,600,000, adding $6,496 every year, while hoping to spend $25,529 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: 45/27/28 Blend
61$3,600,000$3,600,000$3,600,000$3,600,000
62$3,973,901$3,783,101$3,727,301$4,120,292
63$4,352,076$3,941,310$3,825,003$4,383,232
64$4,767,969$4,106,416$3,925,122$4,665,267
65$5,225,401$4,278,729$4,027,713$4,970,660
66$5,728,581$4,458,576$4,132,830$5,301,606
67$6,282,146$4,646,296$4,240,529$5,660,518
68$6,891,206$4,842,245$4,350,868$6,050,045
69$7,561,391$5,046,797$4,463,904$6,473,104
70$8,298,904$5,260,342$4,579,696$6,932,898
71$9,110,580$5,483,287$4,698,304$7,432,948
72$10,003,951$5,716,059$4,819,789$7,977,130
73$10,987,315$5,959,107$4,944,212$8,569,701
74$12,069,815$6,212,897$5,071,637$9,215,348
75$13,261,526$6,477,919$5,202,128$9,919,224
76$14,573,551$6,754,686$5,335,748$10,686,997
77$16,018,121$7,043,734$5,472,564$11,524,906
78$17,608,717$7,345,624$5,612,642$12,439,814
79$19,360,192$7,660,945$5,756,051$13,439,271
80$21,288,911$7,990,311$5,902,858$14,531,589
81$23,412,910$8,334,367$6,053,134$15,725,913
82$25,752,061$8,693,785$6,206,949$17,032,310
83$28,328,264$9,069,273$6,364,374$18,461,859
84$31,165,648$9,461,569$6,525,482$20,026,758
85$34,290,805$9,871,446$6,690,346$21,740,434
86$37,733,034$10,299,714$6,859,040$23,617,667
87$41,524,625$10,747,222$7,031,639$25,674,730
88$45,701,157$11,214,856$7,208,219$27,929,543
89$50,301,838$11,703,546$7,388,857$30,401,832
90$55,369,871$12,214,266$7,573,630$33,113,322
91$60,952,867$12,748,034$7,762,615$36,087,933
92$67,103,290$13,305,918$7,955,893$39,352,007
93$73,878,953$13,889,035$8,153,543$42,934,555
94$81,343,563$14,498,555$8,355,644$46,867,522
95$89,567,326$15,135,704$8,562,277$51,186,095
96$98,627,605$15,801,765$8,773,525$55,929,024
97$108,609,651$16,498,082$8,989,468$61,138,992
98$119,607,409$17,226,062$9,210,190$66,863,006
99$131,724,406$17,987,180$9,435,772$73,152,849
100$145,074,723$18,782,979$9,666,298$80,065,554