Can I retire at age 62 with 4,700,000?

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 $4,700,000?

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$388,122$384,664$381,291$377,999$374,785$360,627
2 years$192,139$188,561$185,093$181,730$178,469$164,370
3 years$126,821$123,227$119,767$116,436$113,228$99,631
4 years$94,168$90,585$87,160$83,886$80,755$67,764
5 years$74,581$71,019$67,640$64,432$61,389$49,036
6 years$61,527$57,993$54,663$51,527$48,575$36,870
7 years$52,207$48,702$45,425$42,363$39,504$28,444
8 years$45,220$41,747$38,524$35,538$32,773$22,346
9 years$39,788$36,348$33,181$30,270$27,599$17,792
10 years$35,446$32,039$28,928$26,093$23,516$14,310
11 years$31,895$28,522$25,468$22,709$20,225$11,599
12 years$28,938$25,600$22,602$19,919$17,526$9,460
13 years$26,438$23,135$20,193$17,585$15,283$7,753
14 years$24,297$21,029$18,144$15,610$13,397$6,378
15 years$22,443$19,211$16,381$13,922$11,796$5,264
16 years$20,823$17,625$14,852$12,465$10,425$4,355
17 years$19,394$16,232$13,515$11,200$9,244$3,611
18 years$18,126$14,999$12,337$10,093$8,219$2,999
19 years$16,993$13,901$11,294$9,120$7,326$2,495
20 years$15,974$12,918$10,365$8,260$6,544$2,077
21 years$15,053$12,032$9,534$7,497$5,856$1,731
22 years$14,217$11,232$8,787$6,816$5,249$1,444
23 years$13,455$10,505$8,113$6,208$4,712$1,206
24 years$12,758$9,842$7,503$5,662$4,235$1,007
25 years$12,117$9,237$6,950$5,171$3,811$841
26 years$11,527$8,681$6,445$4,728$3,433$703
27 years$10,981$8,170$5,985$4,327$3,095$588
28 years$10,475$7,698$5,564$3,965$2,793$492
29 years$10,005$7,262$5,178$3,636$2,522$411
30 years$9,567$6,859$4,823$3,337$2,278$344
31 years$9,158$6,484$4,496$3,065$2,060$288
32 years$8,776$6,135$4,195$2,816$1,863$241
33 years$8,417$5,810$3,917$2,590$1,686$202
34 years$8,080$5,506$3,660$2,383$1,527$169
35 years$7,763$5,223$3,422$2,194$1,383$141
36 years$7,465$4,957$3,201$2,020$1,253$118
37 years$7,183$4,708$2,996$1,861$1,136$99
38 years$6,917$4,474$2,806$1,716$1,030$83
39 years$6,664$4,255$2,629$1,582$934$70
40 years$6,426$4,048$2,464$1,459$847$58
41 years$6,199$3,853$2,310$1,346$768$49
42 years$5,984$3,670$2,167$1,242$697$41
43 years$5,779$3,497$2,033$1,147$633$34
44 years$5,584$3,333$1,909$1,059$574$29
45 years$5,399$3,178$1,792$978$521$24
46 years$5,222$3,032$1,683$903$473$20
47 years$5,053$2,893$1,581$835$430$17
48 years$4,891$2,762$1,486$771$390$14
49 years$4,737$2,638$1,397$713$355$12
50 years$4,589$2,520$1,313$659$322$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $4,700,000, adding $4,800 every year, while hoping to spend $45,506 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: 36/48/16 Blend
61$4,700,000$4,700,000$4,700,000$4,700,000
62$5,184,351$4,935,251$4,862,401$5,345,455
63$5,664,737$5,128,660$4,976,874$5,655,850
64$6,192,597$5,330,022$5,093,656$5,986,063
65$6,772,725$5,539,676$5,212,777$6,341,578
66$7,410,404$5,757,981$5,334,266$6,724,674
67$8,111,452$5,985,309$5,458,150$7,137,854
68$8,882,281$6,222,050$5,584,459$7,583,860
69$9,729,953$6,468,610$5,713,217$8,065,705
70$10,662,250$6,725,414$5,844,452$8,586,693
71$11,687,747$6,992,906$5,978,189$9,150,455
72$12,815,890$7,271,551$6,114,451$9,760,976
73$14,057,087$7,561,834$6,253,261$10,422,632
74$15,422,807$7,864,260$6,394,642$11,140,234
75$16,925,684$8,179,360$6,538,614$11,919,062
76$18,579,642$8,507,687$6,685,196$12,764,924
77$20,400,022$8,849,820$6,834,406$13,684,199
78$22,403,726$9,206,363$6,986,260$14,683,899
79$24,609,379$9,577,947$7,140,773$15,771,736
80$27,037,503$9,965,235$7,297,957$16,956,185
81$29,710,712$10,368,915$7,457,822$18,246,566
82$32,653,924$10,789,710$7,620,378$19,653,131
83$35,894,593$11,228,375$7,785,629$21,187,152
84$39,462,974$11,685,699$7,953,581$22,861,030
85$43,392,406$12,162,506$8,124,234$24,688,407
86$47,719,621$12,659,659$8,297,586$26,684,290
87$52,485,100$13,178,060$8,473,633$28,865,192
88$57,733,448$13,718,652$8,652,367$31,249,281
89$63,513,815$14,282,422$8,833,777$33,856,553
90$69,880,364$14,870,400$9,017,848$36,709,011
91$76,892,777$15,483,665$9,204,562$39,830,873
92$84,616,822$16,123,346$9,393,896$43,248,795
93$93,124,970$16,790,623$9,585,824$46,992,118
94$102,497,082$17,486,728$9,780,314$51,093,140
95$112,821,160$18,212,954$9,977,331$55,587,418
96$124,194,180$18,970,650$10,176,833$60,514,097
97$136,723,004$19,761,229$10,378,774$65,916,276
98$150,525,389$20,586,169$10,583,102$71,841,406
99$165,731,103$21,447,014$10,789,759$78,341,739
100$182,483,140$22,345,383$10,998,681$85,474,807