Can I retire at age 62 with 5,200,000?

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 $5,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$429,411$425,586$421,854$418,212$414,655$400,581
2 years$212,580$208,621$204,784$201,063$197,455$183,416
3 years$140,312$136,336$132,509$128,823$125,274$111,711
4 years$104,185$100,221$96,432$92,810$89,346$76,364
5 years$82,515$78,575$74,835$71,287$67,919$55,552
6 years$68,073$64,162$60,478$57,009$53,742$42,000
7 years$57,761$53,883$50,258$46,870$43,707$32,587
8 years$50,031$46,188$42,622$39,318$36,259$25,754
9 years$44,021$40,215$36,711$33,490$30,535$20,631
10 years$39,217$35,447$32,005$28,869$26,018$16,698
11 years$35,288$31,557$28,177$25,125$22,376$13,624
12 years$32,017$28,324$25,006$22,038$19,391$11,185
13 years$29,251$25,596$22,341$19,456$16,909$9,229
14 years$26,882$23,266$20,074$17,271$14,822$7,646
15 years$24,831$21,254$18,124$15,403$13,051$6,356
16 years$23,038$19,500$16,432$13,791$11,534$5,297
17 years$21,458$17,959$14,953$12,391$10,227$4,424
18 years$20,054$16,595$13,650$11,167$9,093$3,702
19 years$18,800$15,380$12,496$10,090$8,105$3,103
20 years$17,673$14,292$11,468$9,139$7,240$2,603
21 years$16,655$13,312$10,548$8,294$6,479$2,187
22 years$15,730$12,427$9,722$7,541$5,807$1,839
23 years$14,887$11,622$8,976$6,868$5,213$1,547
24 years$14,115$10,889$8,302$6,264$4,686$1,302
25 years$13,406$10,219$7,689$5,721$4,216$1,097
26 years$12,753$9,604$7,131$5,231$3,798$924
27 years$12,149$9,039$6,622$4,788$3,424$779
28 years$11,590$8,517$6,156$4,387$3,090$657
29 years$11,070$8,035$5,729$4,023$2,790$554
30 years$10,585$7,588$5,336$3,692$2,521$467
31 years$10,133$7,173$4,975$3,391$2,279$394
32 years$9,709$6,787$4,641$3,116$2,062$333
33 years$9,312$6,428$4,334$2,865$1,866$281
34 years$8,940$6,092$4,049$2,636$1,689$237
35 years$8,589$5,778$3,786$2,427$1,530$200
36 years$8,259$5,484$3,541$2,235$1,386$169
37 years$7,947$5,209$3,315$2,059$1,256$143
38 years$7,652$4,950$3,104$1,898$1,139$120
39 years$7,373$4,707$2,908$1,750$1,033$102
40 years$7,109$4,479$2,726$1,614$937$86
41 years$6,859$4,263$2,556$1,489$850$73
42 years$6,620$4,060$2,398$1,375$771$61
43 years$6,394$3,869$2,250$1,269$700$52
44 years$6,178$3,688$2,112$1,172$635$44
45 years$5,973$3,516$1,983$1,082$577$37
46 years$5,777$3,354$1,862$999$524$31
47 years$5,590$3,201$1,750$923$476$26
48 years$5,411$3,056$1,644$853$432$22
49 years$5,241$2,918$1,545$789$392$19
50 years$5,077$2,788$1,453$729$356$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $5,200,000, adding $4,380 every year, while hoping to spend $30,667 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: 41/34/25 Blend
61$5,200,000$5,200,000$5,200,000$5,200,000
62$5,734,918$5,459,318$5,378,718$5,927,695
63$6,287,250$5,694,195$5,526,276$6,301,630
64$6,894,892$5,939,553$5,677,749$6,702,890
65$7,563,454$6,195,874$5,833,236$7,136,623
66$8,299,115$6,463,661$5,992,838$7,605,829
67$9,108,686$6,743,441$6,156,659$8,113,798
68$9,999,669$7,035,767$6,324,804$8,664,146
69$10,980,332$7,341,217$6,497,382$9,260,841
70$12,059,785$7,660,395$6,674,504$9,908,244
71$13,248,065$7,993,936$6,856,281$10,611,146
72$14,556,233$8,342,504$7,042,831$11,374,810
73$15,996,474$8,706,793$7,234,272$12,205,021
74$17,582,219$9,087,530$7,430,725$13,108,138
75$19,328,264$9,485,478$7,632,313$14,091,150
76$21,250,914$9,901,433$7,839,163$15,161,742
77$23,368,137$10,336,233$8,051,404$16,328,361
78$25,699,729$10,790,751$8,269,168$17,600,301
79$28,267,507$11,265,903$8,492,591$18,987,779
80$31,095,511$11,762,650$8,721,811$20,502,034
81$34,210,229$12,281,996$8,956,968$22,155,431
82$37,640,853$12,824,994$9,198,206$23,961,571
83$41,419,547$13,392,746$9,445,673$25,935,418
84$45,581,756$13,986,406$9,699,519$28,093,438
85$50,166,540$14,607,185$9,959,897$30,453,749
86$55,216,938$15,256,348$10,226,965$33,036,290
87$60,780,379$15,935,223$10,500,882$35,863,005
88$66,909,128$16,645,198$10,781,811$38,958,046
89$73,660,777$17,387,731$11,069,920$42,347,997
90$81,098,792$18,164,346$11,365,378$46,062,121
91$89,293,111$18,976,640$11,668,360$50,132,633
92$98,320,800$19,826,288$11,979,042$54,594,995
93$108,266,787$20,715,041$12,297,606$59,488,251
94$119,224,659$21,644,738$12,624,235$64,855,390
95$131,297,545$22,617,301$12,959,118$70,743,741
96$144,599,093$23,634,747$13,302,446$77,205,421
97$159,254,538$24,699,188$13,654,416$84,297,819
98$175,401,889$25,812,835$14,015,227$92,084,130
99$193,193,226$26,978,009$14,385,081$100,633,948
100$212,796,140$28,197,136$14,764,187$110,023,911