Can I retire at age 62 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$421,153$417,402$413,742$410,169$406,681$401,267
2 years$208,492$204,609$200,846$197,197$193,658$188,211
3 years$137,614$133,714$129,960$126,346$122,864$117,555
4 years$102,182$98,294$94,578$91,025$87,628$82,497
5 years$80,928$77,064$73,396$69,916$66,613$61,676
6 years$66,764$62,928$59,315$55,912$52,709$47,971
7 years$56,650$52,847$49,291$45,969$42,866$38,329
8 years$49,068$45,300$41,803$38,562$35,562$31,225
9 years$43,175$39,442$36,005$32,846$29,948$25,810
10 years$38,462$34,766$31,390$28,314$25,517$21,574
11 years$34,610$30,950$27,635$24,641$21,946$18,194
12 years$31,401$27,779$24,525$21,614$19,018$15,454
13 years$28,688$25,104$21,912$19,082$16,584$13,202
14 years$26,365$22,819$19,688$16,939$14,537$11,334
15 years$24,353$20,846$17,775$15,106$12,800$9,768
16 years$22,595$19,125$16,116$13,526$11,312$8,448
17 years$21,045$17,614$14,665$12,153$10,030$7,326
18 years$19,669$16,276$13,387$10,952$8,919$6,369
19 years$18,439$15,084$12,255$9,896$7,949$5,549
20 years$17,333$14,017$11,247$8,963$7,101$4,843
21 years$16,334$13,056$10,345$8,135$6,354$4,233
22 years$15,427$12,188$9,535$7,396$5,696$3,705
23 years$14,601$11,399$8,804$6,736$5,113$3,246
24 years$13,844$10,680$8,142$6,144$4,595$2,847
25 years$13,149$10,023$7,541$5,611$4,135$2,500
26 years$12,508$9,420$6,994$5,130$3,725$2,196
27 years$11,916$8,865$6,495$4,696$3,358$1,931
28 years$11,367$8,353$6,038$4,302$3,030$1,698
29 years$10,857$7,881$5,618$3,945$2,736$1,495
30 years$10,381$7,442$5,233$3,621$2,472$1,316
31 years$9,938$7,035$4,879$3,325$2,235$1,159
32 years$9,523$6,657$4,552$3,056$2,022$1,021
33 years$9,133$6,304$4,250$2,810$1,830$900
34 years$8,768$5,975$3,971$2,586$1,657$794
35 years$8,424$5,667$3,713$2,380$1,501$700
36 years$8,100$5,379$3,473$2,192$1,360$617
37 years$7,794$5,109$3,251$2,020$1,232$545
38 years$7,505$4,855$3,044$1,862$1,117$481
39 years$7,232$4,617$2,852$1,717$1,013$424
40 years$6,973$4,393$2,673$1,583$919$374
41 years$6,727$4,181$2,507$1,461$834$330
42 years$6,493$3,982$2,351$1,348$756$292
43 years$6,271$3,794$2,207$1,245$686$257
44 years$6,060$3,617$2,071$1,149$623$227
45 years$5,858$3,449$1,945$1,061$566$201
46 years$5,666$3,290$1,827$980$514$177
47 years$5,483$3,140$1,716$906$466$156
48 years$5,307$2,997$1,613$837$424$138
49 years$5,140$2,862$1,516$773$385$122
50 years$4,979$2,734$1,425$715$349$108

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $5,100,000, adding $5,967 every year, while hoping to spend $56,013 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: 50/43/7 Blend
61$5,100,000$5,100,000$5,100,000$5,100,000
62$5,626,355$5,356,055$5,277,005$5,897,384
63$6,140,646$5,558,904$5,394,187$6,285,628
64$6,705,517$5,769,816$5,513,418$6,700,774
65$7,326,068$5,989,126$5,634,706$7,150,540
66$8,007,919$6,217,184$5,758,060$7,638,183
67$8,757,258$6,454,357$5,883,486$8,167,277
68$9,580,904$6,701,026$6,010,989$8,741,754
69$10,486,369$6,957,590$6,140,570$9,365,931
70$11,481,931$7,224,464$6,272,232$10,044,558
71$12,576,708$7,502,083$6,405,971$10,782,854
72$13,780,746$7,790,899$6,541,785$11,586,560
73$15,105,114$8,091,385$6,679,667$12,461,987
74$16,562,008$8,404,035$6,819,608$13,416,077
75$18,164,864$8,729,364$6,961,596$14,456,465
76$19,928,488$9,067,910$7,105,617$15,591,552
77$21,869,192$9,420,236$7,251,653$16,830,578
78$24,004,949$9,786,928$7,399,684$18,183,709
79$26,355,565$10,168,598$7,549,684$19,662,132
80$28,942,860$10,565,887$7,701,626$21,278,158
81$31,790,878$10,979,462$7,855,477$23,045,334
82$34,926,113$11,410,021$8,011,201$24,978,572
83$38,377,758$11,858,294$8,168,758$27,094,281
84$42,177,980$12,325,041$8,328,102$29,410,526
85$46,362,224$12,811,058$8,489,184$31,947,194
86$50,969,547$13,317,176$8,651,947$34,726,175
87$56,042,986$13,844,262$8,816,332$37,771,570
88$61,629,963$14,393,224$8,982,272$41,109,913
89$67,782,736$14,965,008$9,149,695$44,770,422
90$74,558,887$15,560,605$9,318,521$48,785,263
91$82,021,868$16,181,050$9,488,667$53,189,862
92$90,241,600$16,827,422$9,660,038$58,023,224
93$99,295,129$17,500,852$9,832,535$63,328,305
94$109,267,358$18,202,520$10,006,051$69,152,412
95$120,251,845$18,933,659$10,180,470$75,547,643
96$132,351,684$19,695,560$10,355,667$82,571,376
97$145,680,483$20,489,569$10,531,509$90,286,809
98$160,363,431$21,317,097$10,707,853$98,763,544
99$176,538,480$22,179,614$10,884,546$108,078,249
100$194,357,651$23,078,661$11,061,424$118,315,368